The AI boom has driven up demand for memory chips so sharply that companies in other industries, from tech giants like Apple to medical device manufacturers, are now asking the federal government for help securing chip supplies.
Many skilled Americans are being pushed out of high-tech jobs by the ethnic Chinese managers of a taxpayer-funded computer-chip company in Arizona, says a lawsuit by 13 Americans.
Sen. Bill Cassidy’s record of supporting major legislation that funded diversity, equity, and inclusion programs has emerged as a central issue in Louisiana’s 2026 Republican Senate primary, where Rep. Julia Letlow and Louisiana Treasurer John Fleming are challenging Cassidy.
Intel has reportedly approached Apple about securing an investment in the ailing chipmaker as part of efforts to strengthen a business that is now partially owned by the U.S. government.
AI powerhouse Nvidia has announced a $5 billion investment in Intel, marking a strategic partnership aimed at accelerating advancements in artificial intelligence and personal computing. Intel shares have surged almost 24 percent at market open in response.
Commerce Secretary Howard Lutnick said on Tuesday that Intel must provide the U.S. government with an equity stake in the company in return for receiving funds from the CHIPS Act. Lutnick’s comments during a CNBC interview shed more light on how the Trump Administration may take an ownership position in Intel, saying, “We should get an equity stake for our money.”
The Trump administration continues to explore taking an equity stake in chipmaker Intel, with the latest reports putting the potential ownership position at 10 percent. This could make the U.S. government the company’s largest shareholder. At the same time, Japanese investment powerhouse SoftBank is pumping $2 billion into the chipmaker.
Intel reportedly plans to lay off up to twenty percect of its factory workers, an enormous cutback that will have a profound effect on one of the chipmaker’s core businesses.
Sen. Tom Cotton (R-AR) on Tuesday proposed legislation that would scrap diversity, equity, and inclusion (DEI) requirements and restore the original intent of the CHIPS and Science Act.
President Donald Trump estimated that his administration has already identified “maybe $4 trillion worth of companies moving back or going to move back” to the United States thanks to his tariff policies.
Intel’s board of directors has forced out CEO Pat Gelsinger due to frustrations over the slow pace of the company’s turnaround efforts.
The Biden-Harris administration on Sunday said it plans to cut its grant to Intel, dealing a blow to the Democrats’ industrial policy vision.
Rep. French Hill (R-AR), vice chairman of the House Financial Services Committee, told Breitbart News that House Republicans could work to unleash America’s financial power to revitalize American manufacturing.
Intel, the world’s largest chipmaker, has unveiled a sweeping $10 billion cost savings plan that includes cutting over 15,000 jobs, representing approximately 15 percent of its global workforce. Meanwhile, the administration is set to hand over $8.5 billion as part of the CHIPS act designed to create high tech jobs.
President Joe Biden’s administration is reportedly giving $504 million in funding to twelve technology hubs in an effort to expand research in AI, semiconductor manufacturing, and clean energy.
During an interview with PBS’s “Firing Line” that took place on May 1 and was released on Friday, Washington Post columnist and CNN host Fareed Zakaria stated that the way we’re subsidizing chip companies to manufacture in the U.S. isn’t effective because
Intel will reportedly be awarded as much as $8.5 billion in federal grants related to the CHIPS Act, with up to $11 billion more in potential loans available. The funds are expected to be used for manufacturing and research facilities in Arizona, New Mexico, Ohio, and Oregon.
The Pentagon’s surprise decision to withdraw $2.5 billion in funding for Intel’s semiconductor manufacturing plans has created a significant shortfall in the company’s expected incentives under the CHIPS Act.
Former President Donald Trump excoriated Democrat President Joe Biden for screwing up efforts his administration began to make important stuff in America again during an exclusive interview with Breitbart News.
The bones of the U.S. economy are looking good as we hurtle toward the warming months.
The Chinese government on Tuesday asked the World Trade Organization (WTO) to crack down on U.S. policies intended to revitalize the domestic computer chip industry.
President Joe Biden’s administration is setting up a network of advanced computer-chip facilities to boost domestic manufacturing.
The government of the Netherlands is joining a U.S.-led effort to restrict the export of semiconductor chips to China, a campaign aimed at slowing the growth of the communist country’s military.
The Australian Strategic Policy Institute (ASPI) on Thursday launched a project called the Critical Technology Tracker, which collects and visualizes data representing worldwide progress on “crucial technology fields spanning defense, space, robotics, energy, the environment, biotechnology, artificial intelligence, advanced materials and key quantum technology areas.”
The Federal Reserve’s decision to scale back rate hikes at their last two meetings will be “looked at as an historic mistake because that refueled inflation,” Breitbart Economics Editor John Carney said.
During an interview aired on Thursday’s broadcast of NPR’s “All Things Considered,” Rep. Ro Khanna (D-CA) stated that even though there are incentives to produce chips in the United States under the CHIPS and Science Act that he co-wrote, “a
The Pew Research Center on Wednesday released a poll showing that most American voters are not terribly concerned about Chinese dictator Xi Jinping effectively securing life in power with an unprecedented third term, but they do see Communist China as a problem from various angles, including its human rights abuses and the threat it poses to democratic Taiwan.
Chip giant Intel is reportedly planning to scrap thousands of jobs, likely in an attempt to cut fixed costs and deal with a slowdown in the computer market, Bloomberg reports.
Republican Jim Bognet is tied with Rep. Matt Cartwright (D-PA) in the race for Pennsylvania’s Eighth Congressional District, which includes President Joe Biden’s hometown of Scranton.
Rep. Matt Cartwright (D-PA) has reportedly accepted tens of thousands of dollars of campaign donations from Uyghur labor-linked corporations during his time in Congress.
On Friday’s broadcast of Bloomberg’s “Bloomberg Markets,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, stated that the Inflation Reduction Act and
Former President Donald Trump ripped Senate Minority Leader Mitch McConnell (R-KY), stating Democrats bamboozled him on the $700 billion Inflation Reduction Act.
President Joe Biden and congressional Democrats, with Republican help, are poised to spend $3.5 trillion during decades-high inflation.
