16, Intel announced that it will no longer be buying the Israeli chipmaker, CNBC reports.
.
The deal was scrapped "due to the inability to obtain in a timely manner the regulatory approvals required under the merger agreement," Intel said.
.
Chinese authorities reportedly
did not approve the deal.
Tower Semiconductor also issued a statement.
After careful consideration and thorough discussions and having received no indications regarding certain required regulatory approval, both parties have agreed to terminate their merger agreement having passed the August 15, 2023, outside date, Tower Semiconductor, via statement.
A $353 million termination fee will be
paid to Tower Semiconductor.
.
The failed deal comes as Intel has lost its lead in the field over the years, CNBC reports.
.
TSMC and Samsung are two of the biggest names in chipmaking currently, and the deal would have helped Intel regain a foothold.
.
TSMC and Samsung are two of the biggest names in chipmaking currently, and the deal would have helped Intel regain a foothold.
.
The development comes as the U.S.
and China continue to compete over semiconductor manufacturing.
.
The U.S. views Intel as crucial in regaining a prominent place within semiconductor manufacturing, CNBC reports.
.
Previously, America has issued restrictions
on exports in an attempt to quell China's semiconductor technology.
Similarly, Beijing has barred various Chinese entities from purchasing products
from Micron in the U.S
Intel Reveals , New AI Chips.
On June 4, Intel announced its new
Xeon 6 processor, CNBC reports. .
The new AI chips will help to
provide better performance and more efficient power for data centers.
The announcement follows similar
launches from rivals Nvidia and AMD.
The announcement follows similar
launches from rivals Nvidia and AMD.
Intel launched its 5th Gen Intel Xeon processors just six months ago.
In April, the company
unveiled the Gaudi 3 processor.
Customers are looking for high
performance, cost-effective gen AI
training and inferencing solutions.
And theyâve started to turn
to alternatives like Gaudi. , Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
They want choice. They want
open software and hardware
solutions and time to market
solutions at dramatically lower
TCOs [total cost of ownership], Patrick Gelsinger, chief executive officer of Intel Corp., via statement.
Intel plans "to continue to grow the AI PC category" with its Lunar Lake chips, which
are scheduled to ship in Q3 2024.
Intel, which recorded a $7 billion operating loss in 2023, is attempting to catch up to
its rivals amid the ongoing AI frenzy.
While Intel has been struggling, it differs from Nvidia and AMD because it manufactures chips in addition to designing them.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance.
Additionally, Intel received $20 billion in funding from the CHIPS and Science Act
which could help the company to advance
Credit: Wibbitz Top Stories Duration: 01:31Published
Russia has accused Ukrainian military intelligence of involvement in a recent attack and claimed NATO facilitated the transfer of militants to Ukraine. This follows a terrorist attack in Moscow's Crocus City Hall, killing over 140 people. Russia also opened a criminal case against Western officials for allegedly financing terrorism through companies like Burisma Holdings. Ukraine denies any involvement.
#ebrahimraisideath #ebrahimraisideathand #Iranhelicoptercrash #Raisi #Irannews #EbrahimRaisinews #Iranianarmedforces #Iranupdates #Khamenei #Worldnews #news #Oneindianews #Oneindia
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Microsoft Announces , New Surface PCs With AI Chips.
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
On May 20, Microsoft announced that it will be releasing a Surface Laptop and Surface Pro tablet with Qualcomm AI chips, CNBC reports. .
Qualcomm's Arm-based chips
deliver longer battery life.
Other computer makers such as Dell, HP, Acer and more are also debuting AI-ready PCs that will offer Microsoft's Copilot AI chatbot.
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
PCs equipped with AMD and Intel chips that adopt the Copilot+ standard will be released at a later date, Microsoft said. .
Copilot+ computers will begin at $999.
Pre-orders are currently being accepted. .
The devices will be available in June.
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
The new offering comes almost four
months after Microsoft CEO Satya Nadella said on an earnings call that "in 2024,
AI will become a first-class part of every PC." .
On May 20, Microsoft shares
closed at $425.34, up 1.2%.
Qualcomm increased 2%
to $197.76, a record close
Credit: Wibbitz Top Stories Duration: 01:30Published
In a significant national security development, the Israel Security Agency (ISA) and Israel Police announced on Tuesday the arrest of three Israeli citizens accused of collaborating with the Iranian regime to undermine the country's security. The arrests follow a series of covert actions reportedly orchestrated through encrypted messaging platforms. One of the suspects, Elimelech Stern, a 21-year-old ultra-Orthodox resident of Beit Shemesh near Jerusalem, has been charged with illegal contact with a foreign agent. The charges were filed at the Jerusalem District Court and reported by Israelâs Ynet news outlet.
#Israel #Iran #ThreeIsraelisArrested #IsraeliEspionageCharges #IranSpyingIsrael #IsraelisArrestedEspionageCharges #Espionage #NationalSecurity #ISA #IsraelPolice #Arrests #Spying #ElimelechStern #Telegram #EncryptedMessaging #IranianIntelligence #SecurityBreach #CryptoPayments #VizhnitzHasidic
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The Gaza Civil Defense has reported the loss of 79 aid workers since the onset of the Israeli offensive in early October, with the latest casualty occurring after an Israeli strike on a humanitarian safe zone at the al-Mawasi camp, which killed at least 90 Palestinians and wounded 300. This attack is considered the deadliest in weeks. The conflict escalated on October 7 following a surprise operation by Hamas, leading Israel to launch a full-scale war on Gaza and enforce a near-total siege, severely restricting essential supplies. The offensive has resulted in at least 38,664 Palestinian deaths and 89,097 injuries, worsening the humanitarian crisis. Limited access to food, medicine, and water has intensified civilian suffering and complicated rescue efforts. Despite international calls for ceasefires and aid, efforts at the UN Security Council to address the conflict have been hindered by vetoes, highlighting the urgent need for resolution.
#GazaCrisis #HumanitarianCrisis #GazaAidWorkersKilled #PalestinianAidWorkersKilled #GazaAttack #AidWorkers #IsraeliOffensive #GazaUnderAttack #PalestineConflict #MiddleEast #HumanRights #InternationalAid #WarCrimes #UNSC #CeasefireNow #SaveGaza #PeaceInGaza #GlobalConcern
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Iranâs interim foreign minister, Ali Bagheri Kani, has laid the blame for Israelâs ongoing actions in the Gaza Strip squarely on the United States, emphasising the importance of multilateralism to achieve global peace and stability. His remarks came upon his arrival in New York on Monday night to participate in two critical debates at the United Nations Security Council (UNSC). The debates, scheduled for Tuesday and Wednesday, will focus on the topics of multilateralism and Palestine, respectively.
#Iran #US #IranAccusesUS #IsraelWarCrimes #IranBlastUS #AliBagheriKani #IranBlamesUS #IsraelGazaWar #Gaza #WarCrimes #Multilateralism #Palestine #UNSC #HumanRights #Israel #Conflict #Peace #Accountability #MiddleEast #GlobalStability #StopTheViolence
Yemeni forces conducted three pro-Palestinian operations, including a joint effort with Iraqi fighters. They targeted ships in the Red Sea and Mediterranean using drones, missiles, and boats. These actions enforce a ban on vessels heading to Israeli-occupied territories and respond to recent Israeli airstrikes in Gaza. The operations demonstrate Yemen's sophisticated military capabilities and international cooperation.
#HouthiRebels #HouthiAttack #RedSeaAttack #YemeniArmedResistance #IraqiResistance #YahyaSaree #IsraelHamasWar #IsraelGazawar #Gazalive #Worldnews #USelections #Oneindia #Oneindianews
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Walgreens Plans , âSignificantâ Store Closures.
On June 27, Walgreens announced quarterly earnings
that were poorer than expected, NBC News reports.
The company's stock fell 15% in pre-market trading.
CEO Tim Wentworth issued a press release.
We continue to face a difficult operating
environment, including persistent
pressures on the U.S. consumer and the
impact of recent marketplace dynamics
which have eroded pharmacy margins, Tim Wentworth, Walgreens CEO, via press release.
Our results and outlook
reflect these headwinds, Tim Wentworth, Walgreens CEO, via press release.
Wentworth elaborated in an interview with CNBC.
The consumer is absolutely stunned by
the absolute prices of things, and the
fact that some of them may not be
inflating doesnât actually change their
resistance to the current pricing, Tim Wentworth, Walgreens CEO, via CNBC.
On a call with analysts, Wentworth said that Walgreens' strategy will have to "include the closure of a significant portion of these underperforming stores.".
75% of our stores drive 100% of our
profitability today. What that means is
the others we take a hard look at, we are
going to finalize a number that we will close, Tim Wentworth, Walgreens CEO, via call with analysts.
The pharmacy chain currently
operates about 8,600 stores
Credit: Wibbitz Top Stories Duration: 01:30Published
US Water System May Be , Vulnerable to Cyberattack, by China, Russia and Iran.
CNBC reports that the United States
water system has been the target of a series
of cyberattacks over the past few years. .
In response, the Environmental Protection Agency
(EPA) has been forced to issue an alert warning
that 70% of water systems do not comply
with the Safe Drinking Water Act.
According to the EPA, some have âalarming
cybersecurity vulnerabilities,â including
unchanged default passwords and former
employees who retain access to vital systems.
In February, the FBI issued a warning to
Congress that Chinese hackers have embedded
themselves into the U.S. cyber infrastructure. .
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Those hackers have targeted water treatment
plants, the electrical grid, transportation
systems and other vital infrastructure.
Water is among
the least mature
in terms of security, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Stuart Madnick, an MIT professor of engineering
systems and co-founder of Cybersecurity at
MIT Sloan, warns that an attack that shuts off
water to the population is the main concern.
We have demonstrated in our
lab how operations, such as
a water plant, could be shut
down not just for hours or
days, but for weeks, Adam Isles, head of cybersecurity
practice for Chertoff Group, via CNBC.
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
Recently, EPA Administrator Michael Regan and
National Security Adviser Jake Sullivan sent a letter
to governors stressing the urgency of the threat. .
CNBC reports that budgets, outdated
infrastructure and an overall reluctance to take
action may prevent necessary fixes from
being made before a serious attack.
Credit: Wibbitz Top Stories Duration: 01:31Published
European Union Announces , Higher Tariffs on Chinese EVs.
On June 12, the EU said it will
impose higher tariffs on imports of
Chinese electric vehicles (EVs), CNBC reports. .
The increase in tariffs is the result of a
probe launched by the EU in October.
According to the EU, the Chinese imports benefit "heavily from unfair subsidies" and threaten "economic injury" to European EV producers.
The influx of subsidized Chinese imports
at artificially low prices therefore
presents a threat of clearly foreseeable
and imminent injury to EU industry, European Commission, via statement.
A 38.1% tariff will be imposed on battery electric vehicle producers who refused to cooperate with the bloc's investigation.
A 21% tariff will be implemented for carmakers in China who complied
but have yet to be "sampled.".
On June 11, a spokesperson for China's Ministry of Commerce called the higher
tariffs a "protectionist act.".
The findings disclosed in the EU
ruling lack factual and legal basis, Spokesperson for China's Ministry of Commerce, via statement.
This is a naked protectionist act,
creating and escalating trade
frictions, and 'destroying fair
competition' in the name of
'maintaining fair competition.' , Spokesperson for China's Ministry of Commerce, via statement.
This move by the EU not only damages the
legitimate rights and interests of Chinaâs
electric vehicle industry, but will also disrupt
and distort the global automotive industry
chain supply chain, including the EU, Spokesperson for China's Ministry of Commerce, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Elon Musk Drops Lawsuit , Against OpenAI.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
In February of this year, Musk filed a lawsuit against OpenAI and two of its co-founders, Sam Altman and Greg Brockman.
The suit alleged that OpenAI initially worked
to develop artificial general intelligence
"for the benefit of humanity" but later strayed
from that goal to become a for-profit entity. .
Musk, who had a hand in launching
OpenAI, was suing "for breach of contract
and fiduciary duty," CNBC reports.
In March, experts told CNBC that the suit had a murky legal foundation because there was no formal written agreement signed by each party.
On June 11, Musk dropped the lawsuit.
It was dismissed without prejudice.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
His decision to drop the lawsuit comes
one day after he threatened Apple over
its new partnership with OpenAI.
He called the partnership "an unacceptable security violation" since Apple has
"no clue what's actually going on.".
Itâs patently absurd that Apple isnât
smart enough to make their own
AI, yet is somehow capable of
ensuring that OpenAI will protect
your security & privacy!, Elon Musk, via X.
Musk went on to say that if Apple
"integrates OpenAI at the OS level," the company's devices will be banned at his businesses.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Is Reportedly Building , a Dedicated Passwords App.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
On June 6, Mark Gurman from 'Bloomberg' reported that Apple intends to build next-gen iPhones and Macs with a built-in password management app.
The new app will be called Passwords, Engadget reports.
The app will be revealed at the
Worldwide Developers Conference in June.
While Apple already offers password
services via the iCloud Keychain.
it can be tedious to find
or change passwords with it.
A dedicated passwords app would make the whole process easier and likely encourage some people to stick with Apple.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Similarly to subscription password managers 1Password and LastPass, Apple's app will
split passwords into categories.
Such categories include "accounts, WiFi networks and Passkeys," CNBC reports. .
Users will be able to
import passwords from other apps.
Two-factor verification codes
will also be supported.
It's not clear if Passwords will let you
store files and images as its rivals do.
Credit: Wibbitz Top Stories Duration: 01:30Published
Nvidia Looks to , Accelerate Production , With New Packaging Technology.
Yahoo Finance reports that Nvidia Corp has announced
plans to use Fan-Out Panel Level Packaging (FOPLP)
technology to package its GB200 AI server chips.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
The change was reportedly made to address production constraints
on the currently used Chip on Wafer Substrate (CoWoS) packaging
used at the Taiwan Semiconductor Manufacturing Company.
According to industry experts, FOPLP
could be a viable alternative to CoWoS
amid the increasing demand for AI chips. .
Analysts consider Nvidia the premier accelerated
compute and generative AI supplier, backed
by production plans with Blackwell Chip. .
Over the past year, stock in
Nvidia has gained over 184%. .
On May 29, shares in Nvidia were up
0.89% at $1,149.10 in premarket trading. .
Yahoo Finance reports that a growing
number of packaging companies are
getting ready to offer FOPLP services. .
Yole Group has predicted that
its market share will increase
from 2% in 2022 to 8% by the year 2028.
The gains are expected to primarily
be driven by higher yields and
increasing cost efficiency.
Experts point out that while FOPLPs could reduce cost
and expand capacity, they have weaker technical
specifications compared to the current CoWoS standard
Credit: Wibbitz Top Stories Duration: 01:31Published
A fight for better pay among workers at South Korea tech giant Samsung will now result in an indefinite strike, according to a top union official. Sky News
Russian and Chinese naval forces have commenced a series of joint military exercises, titled 'Maritime Joint-2024,' in the Pacific Ocean. The three-day drills, which began near the Chinese city of Zhanjiang, aim to enhance the naval forces' capability to address security threats, maintain international and regional stability, and strengthen the strategic partnership between the two nations, according to a statement from Beijing's Defense Ministry. Two vessels from Russiaâs Pacific Fleet are participating in the exercises, as reported by the fleetâs press office on Monday via TASS. The participating crews are set to conduct a range of activities, including air defence exercises, drills involving anti-submarine aviation, resupply operations while underway, and sea rescue training.
#Putin #XiJinping #RussiaChina #RussiaChinaJointDrills #RussiaChinaNavalDrills #RussiaChinaMilitaryExercise #MaritimeJoint2024 #NATO #MilitaryDrills #StrategicAlliance #Geopolitics #InternationalRelations #GlobalTensions #DefenseCooperation #EastWestRivalry #JointExercises #MilitaryAlliance #GlobalSecurity #Diplomacy
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This edition of State of the Union looks at the NATO summit in Washington and the negative reactions to Viktor OrbĂĄn's self-declared peace mission to Moscow and Beijing
Credit: euronews (in English) Duration: 07:00Published
The Hungarian autocrat has popped up in in Kyiv, Moscow, and Beijing just as his country takes over the presidency of the Council of the EU. But to what end?
Credit: euronews (in English) Duration: 02:33Published
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