Report: Intel Plans to Cut Thousands of Jobs
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.
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Exclusive — Sen. Marsha Blackburn on Taiwan Trip: Chinese Communists ‘Intent on Being Globally Dominant’
Sen. Marsha Blackburn (R-TN) told Breitbart News exclusively on Thursday as she was en route to Taiwan for a meeting with President Tsai Ing-wen that the Chinese Communist Party (CCP) is “emboldened” right now and that the United States has to step to stop them.
Report: Uyghur Slave Labor Beneficiary Apple Seeks to Erase Taiwan from Manufacturing Labels
Apple reportedly instructed its suppliers on Friday to ensure all components made in Taiwan are labeled “Taiwan, China” or “Chinese Taipei,” in accordance with speech codes enforced by the tyranny in Beijing.
Commerce Sec’y Raimondo: Increasing Deficit, Loans to China for Chips Bill Is ‘a Drop in the Bucket,’ ‘Can’t Put a Price’ on Security
During an interview aired on Tuesday’s “PBS NewsHour,” Commerce Secretary Gina Raimondo responded to concerns that the CHIPS Act semiconducter chip manufacturing bill isn’t paid for and would increase loans from China in the name of getting away from dependency
Paul Pelosi Buys Millions in Semiconductor Stocks Before Congressional Subsidy Vote
Paul Pelosi, husband of House Speaker Nancy Pelosi (D-CA), recently bought up to $5 million in stocks in a semiconductor company, the Daily Caller reported.
India Teams with Taiwan’s Foxconn to Produce Semiconductors
Vedanta — an Indian oil, gas, and metals conglomerate — plans to finalize a $20 billion deal with the Taiwanese microchip maker Foxconn by June to produce semiconductors within India starting in 2024, India’s Swarajya magazine reported on Thursday.
Sen. Blumenthal Voted for Intel Subsidy After His Family Bought Quarter Million Worth of Stock
Senate Commerce Subcommittee on Consumer Protection Chairman Richard Blumenthal (D-CT) voted for legislation that gave Intel billions in subsidies shortly after his family purchased over $250,000 worth of the company’s stock.
Shanghai Lockdown Causes Toyota to Halt Production at 8 Plants
Toyota Motor Corp. will suspend the operation of 14 production lines across eight factories in Japan for nearly one week later this month as part of the Japanese automaker’s effort to cope with a microchip shortage caused by a month-plus Chinese coronavirus lockdown of Shanghai, China, Kyodo News reported Wednesday.
Sale of Microchip Factory to China Was Not Investigated as Promised, Claim UK Lawmakers
The sale of the UK’s largest semiconductor factory to a firm controlled by the Communist China has not properly been investigated, claim MPs.
UK Govt Allows Sale of Largest Microchip Factory to Communist Chinese-Owned Firm: Report
The British government has reportedly approved the sale of the UK’s largest microchip factory to a firm tied to the Chinese Communist Party.
China: Lockdown Victims Running Out of Food While Regime Worries About Computer Chips
Chinese Communist Party authorities have seemingly prioritized microchips over hungry citizens this week, according to two reports published by the state-run Global Times on Tuesday, which reveal the Party ensured semiconductor production continued unabated in Shanghai during its latest lockdown to contain the Chinese coronavirus while simultaneously failing to provide sufficient food to residents of northeastern China’s Changchun city during its own lockdown.
Exclusive — David McCormick: China Must Pay ‘Reparations’ for Deaths of ‘Millions of Americans’ by COVID-19, Fentanyl
China should pay the U.S. “reparations” for injuries and deaths caused by COVID-19 and drug abuse related to fentanyl, David McCormick said.
‘Silicon Junction’: Intel to Build $19 Billion German Semiconductor ‘Mega-Site’ to Move Supply Chains Back West
Intel announced it intends to create a “leading-edge semiconductor fab mega-site in Germany” to move supply chains back to the West.
Taiwan Claims Malfunction, Not Sabotage, Behind Giant Blackout
An electricity blackout that affected nearly 5.5 million households and businesses across Taiwan on Thursday was caused by a “human error” that resulted in an equipment malfunction at a power plant managed by the state-run Taiwan Power Co. (Taipower), Taiwan government officials announced late Thursday local time.
Bringing Manufacturing Back: EU Targets Semiconductor Investment to Counter Communist China
The European Union has announced new plans to combat its reliance on foreign bodies — such as Communist China — in regards to microchip manufacturing, including pumping an extra €15 billion into the essential sector.
Rep. Michael McCaul Slams Joe Biden for Omitting the Word ‘China’ from Statement on Anti-China Bill
Ranking member of the House Foreign Affairs Committee Rep. Michael McCaul (R-TX) slammed President Biden’s policy statement on the Democrats “counter China bill” for omitting the word “China.”
Florida Gov. Ron DeSantis Investing $10M in Semiconductor Production to Combat U.S. Reliance on China
Gov. Ron DeSantis (R) announced a nearly $10 million investment in semiconductor production for the state of Florida to combat the United States’ reliance on China and other foreign countries for vital supplies, parts, and materials.
Intel Plans to Revitalize American Chip Manufacturing
Chip manufacturer Intel has had some setbacks in recent years but has now unveiled a plan to revitalize U.S. chip manufacturing. Along with major upgrades to existing manufacturing facilities, the chip giant plans a major new facility in Arizona. In the near future, the company will announce the location of a $100 billion manufacturing complex.
Commerce Sec’y Raimondo: Semiconducter Supply Issues Will Be ‘a Little Bit Better’ over Next 6-9 Months, Will ‘Take Years’ to Completely Fix
On Wednesday’s “PBS NewsHour,” Commerce Secretary Gina Raimondo stated that the supply chain problems with semiconductors “could be with us for a while.” And that while “things are going to get a little bit better” over the next 6-9 months,
China Credits Big U.S. Companies for Biden Cave to Huawei
China’s state-run Global Times on Wednesday credited pressure from big U.S. corporations for pushing the Biden administration to approve the sale of computer chips to China’s Huawei for use in advanced vehicle components.
Report: Despite Chip Shortage, Biden Administration Approves Sales to Huawei
With the American economy floundering becauswe of shortages, the Biden administration has approved licenses to sell chips to Huawei.
UK Microchip Plant Taken over by Communist China Was Developing British Military Tech: Report
The UK’s largest microchip factory which has been taken over by China reportedly received innovation funding from the British government.
Communist China Seizes Control of Britain’s Largest Microchip Factory
A state-backed Communist Chinese firm has conducted a hostile takeover of the UK’s largest microchip factory amid a global chip shortage.
Intel CEO Calls for ‘Moonshot’ Effort to Boost U.S. Role in Chip Production
Intel CEO Pat Gelsinger is calling for the United States to spend billions of dollars over the next few years on a “moonshot” project aimed at boosting America’s role in chipmaking.
Joe Biden Uses Semiconductor Chip Crisis to Sell $2.5 Trillion Spending Plan
President Joe Biden failed to offer any short-term solutions to the semiconductor shortage in the United States, choosing instead to promote his multi-trillion-dollar spending plan on Monday. Biden joined a White House video conference meeting Monday afternoon with his advisers
