U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and […]
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The Biden administration, which is making a $52 billion push to build more chips in the United States, said on Tuesday that it would require companies winning taxpayer funds for the initiative to give back excess profits and provide affordable childcare. As of 2020, the U.S. share of modern global chip manufacturing capacity had fallen […]
U.S. chipmaker Broadcom is set to receive a European Union antitrust warning about the possible anti-competitive effects of its proposed $61 billion bid for cloud computing company VMware in the coming weeks, people familiar with the matter said. The European Commission opened an investigation in December, saying the deal, announced last year, would allow Broadcom […]
Ah, the charms of the legacy western propaganda machine. Generations of us are indoctrinated with the insidious, perfidious nature of China’s goal of world domination. Hmmm, it would be nice if we just embraced the truth of what China can offer the world rather than being forced into a mindset about which another economy suffers […]
U.S. Commerce Secretary Gina Raimondo on Thursday said the government will encourage companies to build at least two advanced domestic computer chip factories employing thousands of union workers, as part of a $52.7 billion dollar initiative. The centers would also include a “robust supplier ecosystem,” Raimondo said in a speech in Washington. “America needs to […]
A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]
A 77-year-old factory in a hard-luck Ohio town sputtered into high gear to produce a new line of electric garbage trucks. A short drive away, construction began on a $20 billion plant that will take pizza-sized silicon wafers and make them into computer chips used in everything from data centers to cars. The two Ohio […]
Meta Platforms on Sunday announced that it is testing a monthly subscription service, called Meta Verified, which will let users verify their accounts using a government ID and get a blue badge, as it looks to help content creators grow and build communities. The subscription bundle for Instagram and Facebook, to be launched later this […]
China will scrutinize Ford Motor Co’s latest deal with battery giant CATL to ensure the Chinese company’s core technology is not shared with the U.S. automaker, Bloomberg News reported on Thursday. Beijing is concerned the Detroit carmaker could gain access to the competitive aspects of CATL’s technology, but the scrutiny is unlikely to result in […]
The U.S. Justice Department has in recent months escalated its long-running antitrust probe on Apple Inc, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Reuters previously reported the Justice Department opened an antitrust probe into Apple in 2019 to review whether technology giants were using their size to act in […]