White House Invests Additional $162 Million in Expanding US Semiconductor Industry
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
White House Invests Additional $162 Million in Expanding US Semiconductor Industry
White House Invests Additional, $162 Million in Expanding , US Semiconductor Industry.
CNBC reports that the Biden administration
will provide $162 million in funding for
domestic semiconductor production.
.
CNBC reports that the Biden administration
will provide $162 million in funding for
domestic semiconductor production.
.
The additional funding comes as the second injection
of funds into the industry from a 2022 law aimed
at revitalizing U.S. semiconductor manufacturing.
Incentives reportedly include $90 million to improve
a manufacturing plant in Colorado Springs, Colorado,
and another $72 million for a factory in Gresham, Oregon.
.
According to the Commerce Department,
the investment would allow Microchip
Technology to triple domestic production.
.
According to the Commerce Department,
the investment would allow Microchip
Technology to triple domestic production.
.
Funding is meant to boost production of microcontrollers,
which have applications in everything from the military and
auto industries to household appliances and medical devices.
According to government officials, the investments
will lead to the creation of 700 construction and
manufacturing jobs over the next 10 years.
.
According to government officials, the investments
will lead to the creation of 700 construction and
manufacturing jobs over the next 10 years.
.
Semiconductors are the key
input in so many goods that
are vital to our economy, Lael Brainard, director of the White House
National Economic Council, via CNBC.
Lael Brainard, director of the White House National
Economic Council, suggests that increased
U.S. production could help tame inflation.
.
In August of 2022, the Biden administration signed
the CHIPS and Science Act into law, which provided
over $52 billion to the U.S. semiconductor industry.
In August of 2022, the Biden administration signed
the CHIPS and Science Act into law, which provided
over $52 billion to the U.S. semiconductor industry.
CNBC reports that government officials
said that additional funding commitments
to the sector are expected in 2024
Russia's Belgorod region declared an emergency following Ukrainian attacks, with evacuations underway. Ukraine's cross-border incursion into Kursk and Belgorod marks the first foreign troop entry into Russia since World War II. Kyiv claims control of 74 settlements in Kursk, embarrassing the Kremlin. Russia reports destroying numerous Ukrainian drones and missiles. The conflict has displaced thousands of Russians. US President Biden notes the situation is creating a "dilemma for Putin.”
#Belgorod #Kursk #Kyiv #Ukrainewar #KurskAttack #BelgorodAttack #Worldnews #Oneindia #Oneindianews
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US President Biden has confirmed direct contact with Ukraine regarding its incursion into Russia's Kursk Region. The offensive, involving thousands of Ukrainian troops, has resulted in civilian casualties and seized several villages. While the US and EU express support, Ukrainian forces admit to significant losses. Their goals include capturing territory for potential peace talks and relieving pressure on the Donbas front.
#USPresidentBiden #JoeBiden #Kursk #RussiaUkrainewar #Ukrainewarlive #Donbas #Zelensky #Worldnews #Oneindia #Oneindianews
The United States is sounding the alarm as Israel faces the threat of significant attacks this week. White House National Security Communications Advisor John Kirby has issued a stark warning, emphasizing the need for preparedness against potential strikes by Iran or its proxies. In a joint statement, President Biden, along with leaders from the UK, France, Germany, and Italy, called on Iran to halt its threats against Israel. The situation in the Middle East remains volatile, with Israel already retaliating against Hamas and Hezbollah commanders following recent escalations. As tensions rise, world leaders stress the urgent need for a ceasefire and the delivery of humanitarian aid. Watch as we delve into the latest developments and the global response to the escalating crisis.
#IsraelUnderThreat #MiddleEastCrisis #IranVsIsrael #USPreparedness #GlobalSecurity #TensionsRise #BreakingNews #CeasefireNow #IsraelDefense #InternationalRelations
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In a shocking interview with Elon Musk, former President Donald Trump made a provocative statement about the upcoming election. Trump claimed that if he loses in November, the U.S. would become so unsafe that he would have to "meet next time in Venezuela" with Musk. Trump further accused Venezuela of releasing violent criminals into the U.S. to lower its own crime rate. What does this mean for America's future? Watch as we break down Trump's bold assertions and their potential implications.
#DonaldTrump #Election2024 #ElonMusk #Venezuela #USPolitics #CrimeRate #PoliticalCommentary #TrumpInterview #ElectionThreats #LawEnforcement
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Walgreens Plans , ‘Significant’ 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 doesn’t 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 “alarming
cybersecurity vulnerabilities,” 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
Biden Announces $5 Billion , in New Infrastructure Projects.
President Biden visited Superior, Wisconsin, on Jan. 25, CBS News reports. .
While there, he revealed an investment of nearly $5 billion..
Credit: Wibbitz Top Stories Duration: 01:30Published
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