453 results on '"Hawkins, Mackenzie"'
Search Results
2. OpenAI's Sam Altman Seeks US Blessing to Raise Billions for AI Chips.
- Author
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Hawkins, Mackenzie, Ludlow, Ed, Tan, Gillian, Bass, Dina, Metz, Rachel, Ghaffary, Shirin, Nylen, Leah, and King, Ian
- Subjects
ARTIFICIAL intelligence ,GREEN light ,SOVEREIGN wealth funds ,ANTITRUST law - Abstract
OpenAI CEO Sam Altman is seeking approval from the US government for a venture to increase the global manufacturing of artificial intelligence (AI) chips. Altman has been meeting with potential investors and partners in the US, Middle East, and Asia, but he requires a green light from Washington to move forward. The plan aims to raise billions of dollars to expand semiconductor production and prevent a shortage that could hinder the deployment of AI. Altman has also considered addressing the supply of green energy for AI chip manufacturing. However, the venture may face national security and antitrust concerns, and Altman is working to collaborate with US officials on the timing and structure of the project. [Extracted from the article]
- Published
- 2024
3. Huawei’s Revenge.
- Author
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Elstrom, Peter, Hawkins, Mackenzie, Gao, Yuan, Shen, Lulu, Wu, Debby, King, Ian, Savov, Vlad, and Koc, Cagan
- Published
- 2023
4. China Urges Local Companies to Stay Away From Nvidia's AI Chips.
- Author
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Li, Pei, Hawkins, Mackenzie, and Wu, Debby
- Subjects
GENERATIVE artificial intelligence ,LANGUAGE models ,TRADE regulation ,EARNINGS announcements ,CHIEF financial officers - Abstract
Chinese regulators are encouraging local companies to buy domestically produced artificial intelligence (AI) chips instead of Nvidia's products, as part of China's efforts to expand its semiconductor industry and counter US sanctions. While there is no outright ban on Nvidia's H20 chips, Chinese regulators have issued guidance to discourage their use. The move aims to support domestic AI chipmakers and prepare local tech companies for potential additional US restrictions. However, Chinese officials are still willing to tolerate the purchase of foreign semiconductors if it helps local companies build the best AI systems. [Extracted from the article]
- Published
- 2024
5. China Urges Local Companies to Stay Away From Nvidia's Chips.
- Author
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Li, Pei, Hawkins, Mackenzie, and Wu, Debby
- Subjects
GENERATIVE artificial intelligence ,LANGUAGE models ,TRADE regulation ,EARNINGS announcements ,CHIEF financial officers - Abstract
Chinese regulators are encouraging local companies to buy domestically produced artificial intelligence (AI) chips instead of Nvidia's products, as part of China's efforts to expand its semiconductor industry and counter US sanctions. The policy is aimed at helping domestic AI chipmakers gain more market share and prepare for potential additional US restrictions. While Beijing wants local companies to build the best AI systems possible, it is also urging them to rely on domestic vendors like Huawei and Cambricon. Nvidia's shares fell after the news, but the company has modified its chips to comply with US regulations. [Extracted from the article]
- Published
- 2024
6. US Finalizes First Binding Chips Award With Polar Semiconductor.
- Author
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Hawkins, Mackenzie
- Subjects
SEMICONDUCTOR manufacturing ,CONFIDENTIAL business information ,PRESIDENTIAL administrations ,LOANS ,DUE diligence - Abstract
The Biden administration has finalized its first binding award under the Chips and Science Act, granting $123 million to Polar Semiconductor. This grant is expected to double the company's US manufacturing capacity within two years. The funds will be released once negotiated benchmarks are reached, although the exact timeline and milestones are unclear. The Chips Act, which aims to revitalize American semiconductor manufacturing, has attracted significant investment from companies like Intel and Taiwan Semiconductor Manufacturing Co. The government has allocated over $35 billion in grants to support 26 semiconductor sites, with more awards expected to be finalized soon. [Extracted from the article]
- Published
- 2024
7. House Approves Permit Exemption for Chips, Sending Bill to Biden.
- Author
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Hawkins, Mackenzie
- Subjects
CLEAN Water Act of 1972 (U.S.) ,SEMICONDUCTOR manufacturing ,GOVERNMENT policy ,INDUSTRIAL policy ,CONSTRUCTION delays - Abstract
The US House has passed a bill that would exempt certain semiconductor manufacturing projects from federal permitting requirements, in an effort to accelerate the growth of the US semiconductor industry. The legislation aims to address concerns that environmental reviews and lawsuits could delay the construction of domestic chip factories. While the bill has received support from chip companies and the Biden administration, environmental groups have expressed concerns about bypassing the review process and the potential environmental impact of the industry. The bill outlines three ways for projects to qualify for a National Environmental Policy Act (NEPA) exemption, including starting construction before the end of the year and receiving only loans instead of direct grant funding. [Extracted from the article]
- Published
- 2024
8. Biden Administration to Prepare Ban on Chinese Car Software.
- Author
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Welch, David and Hawkins, Mackenzie
- Subjects
MOBILE communication systems ,DATA privacy ,COMMUNICATIONS software ,TELECOMMUNICATION systems ,AUTOMATIC systems in automobiles ,ELECTRIC vehicle industry ,SUPPLIERS - Abstract
The US Commerce Department is planning to propose rules that would ban Chinese and Russian hardware and software for connected vehicles. The move is in response to security concerns raised by smart cars and aims to prevent hacking and tracking of vehicles. The rules would also have a protectionist element, potentially barring Chinese carmakers from selling in the US if their vehicles use connected technology. The proposed rules, which include both software and hardware restrictions, are expected to be enacted in January 2025. [Extracted from the article]
- Published
- 2024
9. Pentagon Doles Out $269 Million for Military Chip Research.
- Author
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Hawkins, Mackenzie
- Subjects
ELECTRONIC design automation ,SEMICONDUCTOR technology ,QUANTUM computing ,SEMICONDUCTOR design ,SEMICONDUCTOR industry - Abstract
The Pentagon is allocating $269 million to 33 chip research projects across the US as part of the Microelectronics Commons program. This program is funded by the 2022 Chips and Science Act, which aims to strengthen the US semiconductor industry and reduce reliance on Asia. The projects will be run by eight hubs involving around 1,200 organizations in 27 states and Washington, DC, and will focus on technologies such as AI and quantum computing. The Microelectronics Commons program aims to bridge the gap between lab prototypes and factory-level production. There are concerns about coordination and shared tools among the hubs, but efforts are being made to address these issues. [Extracted from the article]
- Published
- 2024
10. Intel Confirms $3 Billion Pentagon Chips Grant; Shares Gain.
- Author
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Hawkins, Mackenzie
- Subjects
STOCK prices ,SEMICONDUCTOR industry ,FISCAL year ,SUPPLY chains ,NATIONAL security - Abstract
Intel Corp. has confirmed that it is eligible to receive up to $3 billion in US government funding to manufacture chips for the military. The funding is part of an effort called the Secure Enclave, which aims to establish a reliable supply of cutting-edge chips for defense and intelligence purposes. This grant is separate from a potential $8.5 billion grant from the 2022 Chips and Science Act that would support Intel's commercial factories across four US states. The agreement with Intel covers funding for the Secure Enclave program for fiscal years 2024 and 2025, with an additional $500 million to be appropriated in fiscal year 2026. The Defense Department will handle the Secure Enclave award, while the Commerce Department is responsible for the broader Chips Act grant program. Intel has been identified as the sole intended beneficiary of the program, as the Pentagon seeks advanced chips from an American supplier. The agreement reflects a commitment to fortify the domestic semiconductor supply chain and strengthen national security. [Extracted from the article]
- Published
- 2024
11. Intel Confirms $3 Billion Defense Department Chips Act Grant.
- Author
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Hawkins, Mackenzie
- Subjects
STOCK prices ,FISCAL year ,SEMICONDUCTOR industry ,SUPPLY chains ,NATIONAL security - Abstract
Intel Corp. has confirmed that it is eligible to receive up to $3 billion in US government funding to manufacture chips for the military. This funding is part of the Secure Enclave initiative, which aims to ensure a consistent supply of advanced chips for defense and intelligence purposes. The funding is separate from a potential $8.5 billion grant that Intel may receive to support commercial factories in the US. The announcement has been met with positive market response, with Intel shares rising 6.5% on the news. The Pentagon will oversee the execution of the award, in collaboration with the Commerce Department. The funding will be allocated over the fiscal years 2024, 2025, and 2026. [Extracted from the article]
- Published
- 2024
12. Intel Solidifies $3.5 Billion Deal to Make Chips for Military.
- Author
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Hawkins, Mackenzie and King, Ian
- Subjects
SEMICONDUCTOR manufacturing ,CHIEF executive officers ,BUSINESS revenue ,FEDERAL aid ,CONSUMERS - Abstract
Intel Corp. has secured a $3.5 billion deal with the US government to produce semiconductors for military and intelligence applications. The program, called Secure Enclave, aims to establish production for advanced chips and includes a manufacturing facility in Arizona. Intel is the only US maker of advanced processors, making it the preferred choice for the Pentagon. The funding is part of the Chips Act grant program administered by the Commerce Department. Intel is also negotiating a broader incentive package to support facilities in Arizona, Ohio, New Mexico, and Oregon. [Extracted from the article]
- Published
- 2024
13. OpenAI, Nvidia Executives Discuss AI Infrastructure Needs With Biden Officials.
- Author
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Hawkins, Mackenzie and Natter, Ari
- Subjects
INFLATION Reduction Act of 2022 ,WHITE House staff ,ENERGY infrastructure ,ELECTRIC power consumption ,CLEAN energy - Abstract
OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang met with senior Biden administration officials and industry leaders to discuss the infrastructure needs for artificial intelligence (AI) projects. The meeting aimed to boost public-private partnerships for the development of AI data centers in the US, covering topics such as permitting, workforce, power demands, and economic impacts. OpenAI plans to invest billions of dollars in domestic AI infrastructure, emphasizing the economic benefits and job creation potential. The surge in US data center construction aligns with broader manufacturing boosts and is expected to increase electricity demand, prompting the need for clean energy solutions. [Extracted from the article]
- Published
- 2024
14. US to Hit China With Quantum, Chip-Related Export Curb.
- Author
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Hawkins, Mackenzie
- Subjects
QUANTUM computers ,SEMICONDUCTOR manufacturing ,QUANTUM computing ,BUSINESS partnerships ,ARTIFICIAL intelligence ,EXPORT controls - Abstract
The Biden administration plans to impose export controls on critical technologies, such as quantum computing and semiconductor goods, in an effort to counter advancements in China and other adversarial nations. The rules will cover worldwide exports but include licensing exemptions for countries that implement similar measures, including Japan and the Netherlands. The US hopes that more nations will follow suit. The US has been cracking down on China's access to cutting-edge technologies for years due to concerns about Beijing gaining a military advantage. The US is also working on chip-related export controls that would target China's access to high-bandwidth memory chips and semiconductor manufacturing tools. Japan and the Netherlands have already imposed some restrictions aligning with the US rules, but there are differences that the US is working to address. China opposes the US turning trade and tech issues into political issues and weapons. [Extracted from the article]
- Published
- 2024
15. US Targets China With Quantum and Chip-Related Export Curbs.
- Author
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Hawkins, Mackenzie
- Subjects
QUANTUM computers ,QUANTUM computing ,ARTIFICIAL intelligence ,BUSINESS partnerships ,SEMICONDUCTOR manufacturing ,EXPORT controls - Abstract
The Biden administration plans to impose export controls on critical technologies, such as quantum computing and semiconductor goods, in an effort to align with allies and hinder advancements in China and other adversarial nations. The rules cover quantum computers and components, advanced chipmaking tools, gate all-around semiconductor technology, and related components and software. While the US has been cracking down on China's access to cutting-edge technologies for years, these new measures aim to coordinate with key allies and offer more lenient license approvals. The US and China are both leading the global push for quantum computing, which is seen as a potential game-changer in technology. The US is also separately working on chip-related export controls targeting China's access to high-bandwidth memory chips and semiconductor manufacturing tools. The US is pressuring Japan and the Netherlands to adopt similar rules, but both countries have imposed restrictions with key differences that have frustrated American companies. [Extracted from the article]
- Published
- 2024
16. US Targets China With New Quantum, Chip-Related Export Curbs.
- Author
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Hawkins, Mackenzie
- Subjects
SEMICONDUCTOR manufacturing ,INTERNATIONAL security ,SEMICONDUCTOR technology ,ARTIFICIAL intelligence ,QUANTUM computing ,EXPORT controls - Abstract
The Biden administration is implementing new export controls on critical technologies, such as quantum computing and semiconductor goods, in an effort to counter advancements made by China and other adversarial nations. The rules cover quantum computers and components, advanced chipmaking tools, gate all-around semiconductor technology, and various components and software related to metals and metal alloys. While the controls apply to worldwide exports, exemptions are made for countries that implement similar measures, including Japan and the Netherlands. The US aims to align controls on advanced technologies to impede the development and deployment of these technologies by adversaries. [Extracted from the article]
- Published
- 2024
17. Altman Infrastructure Plan Aims to Spend Tens of Billions in US.
- Author
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Ghaffary, Shirin and Hawkins, Mackenzie
- Subjects
CHIEF strategy officers ,INVESTORS ,SEMICONDUCTOR manufacturing ,CHIEF executive officers ,ARTIFICIAL intelligence ,AMBASSADORS - Abstract
OpenAI CEO Sam Altman is working on a plan to build infrastructure to support the growth of artificial intelligence (AI), starting with projects in US states. The plan involves forming a coalition of global investors to fund the necessary physical infrastructure, such as data centers, energy capacity, and semiconductor manufacturing. Potential backers include investors from Canada, Korea, Japan, and the United Arab Emirates. Altman has been meeting with investors to advance the deal, and OpenAI is also nearing a multibillion-dollar funding round. The company believes that building additional infrastructure in the US is crucial for advancing AI and making its benefits widely accessible. However, OpenAI's global ambitions may raise national security concerns, and discussions have been held with the US National Security Council about the planned investments. The plan aims to establish a multinational coalition to compete with China's infrastructure consortium and attract foreign capital to the US. [Extracted from the article]
- Published
- 2024
18. China Warns Japan of Retaliation for Possible New Chip Curbs.
- Author
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Leonard, Jenny, Hawkins, Mackenzie, and Mochizuki, Takashi
- Subjects
RESIGNATION from public office ,CABINET officers ,INTEGRATED circuits ,MINES & mineral resources ,STOCK prices ,EXPORT controls ,SEMICONDUCTOR industry - Abstract
China has threatened economic retaliation against Japan if Tokyo imposes further restrictions on the sale and servicing of chipmaking equipment to Chinese firms. This complicates US-led efforts to limit China's access to advanced technology. Toyota Motor Corp. has expressed concerns that Beijing could respond to new semiconductor controls by cutting Japan's access to critical minerals necessary for automotive production. The US has been pressuring Japan to impose additional restrictions on the sale of advanced chipmaking tools to China, but some in Japan are pushing back against aligning with the US's geopolitical strategy. [Extracted from the article]
- Published
- 2024
19. China Warns Japan of Retaliation Over Potential New Chip Curbs.
- Author
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Leonard, Jenny, Hawkins, Mackenzie, and Mochizuki, Takashi
- Subjects
RESIGNATION from public office ,MINES & mineral resources ,INTEGRATED circuits ,CONSUMERS ,PRESIDENTIAL administrations ,EXPORT controls ,SEMICONDUCTOR industry - Abstract
China has warned Japan that it will face severe economic retaliation if it further restricts sales and servicing of chipmaking equipment to Chinese firms. This complicates US-led efforts to cut China off from advanced technology. Toyota Motor Corp. has privately expressed concerns that Beijing could respond to new semiconductor controls by cutting Japan's access to critical minerals necessary for automotive production. The US has been pressuring Japan to impose additional restrictions on the sale of advanced chipmaking tools to China, and American officials have been working with their Japanese counterparts to ensure adequate supplies of critical minerals. [Extracted from the article]
- Published
- 2024
20. Texas Instruments Wins $4.6 Billion in Chips Act Grants, Loans.
- Author
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Hawkins, Mackenzie
- Subjects
SEMICONDUCTOR manufacturing ,LOANS ,TAX credits ,SEMICONDUCTOR industry ,PRESIDENTIAL administrations - Abstract
Texas Instruments Inc. has been awarded $1.6 billion in Chips Act grants and $3 billion in loans by the Biden administration. The funding will support the construction of one factory in Utah and two in Texas, creating around 2,000 manufacturing jobs and additional jobs in construction. Texas Instruments plans to spend approximately $40 billion across both states, including two more factories in Sherman, Texas. The company is also expected to benefit from 25% tax credits from the 2022 Chips and Science Act. The Chips Act aims to boost American semiconductor manufacturing and has allocated a significant portion of its funding to support the production of cutting-edge chips. However, it has also set aside a minimum of $2 billion for less advanced semiconductors, including legacy chips produced by Texas Instruments. The award for Texas Instruments will help ensure a secure domestic supply of foundational semiconductors. [Extracted from the article]
- Published
- 2024
21. With US Chips Act Money Mostly Divvied Up, the Real Test Begins.
- Author
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Hawkins, Mackenzie
- Subjects
DEMOCRATS (United States) ,SOCIAL media ,CLEAN Water Act of 1972 (U.S.) ,SEMICONDUCTOR manufacturing ,PEACE negotiations ,APPRENTICESHIP programs - Abstract
The Biden administration is close to completing the distribution of $39 billion in grants under the Chips and Science Act, a bipartisan legislation aimed at revitalizing the US semiconductor industry. The goal of the act is to bring sophisticated chip production back to the US, with the aim of making a fifth of the world's most advanced processors by 2030. While progress has been made, challenges remain, including the need to find more than 160,000 workers and the uncertainty surrounding the upcoming presidential election. The US is also working to reduce its reliance on Asia for electronic components and increase domestic production. Several major companies have committed to investing in US facilities, but many of the semiconductors will still be manufactured in Asia. The Biden administration is also facing challenges in promoting memory chips and dealing with labor provisions and environmental concerns. The success of the Chips Act will depend on the ability to attract and train workers, as well as navigate political volatility. [Extracted from the article]
- Published
- 2024
22. SK Hynix Wins $950 Million of US Grants, Loans for AI Chip Site.
- Author
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Hawkins, Mackenzie and Lee, Yoolim
- Subjects
TAX credits ,LOANS ,CONSTRUCTION loans ,ARTIFICIAL intelligence ,PRESIDENTIAL administrations - Abstract
SK Hynix Inc. has been awarded $450 million in grants and $500 million in loans from the US government to construct a chip packaging and research facility in Indiana. The facility, which is part of SK Hynix's plan to expand its lead in the supply of high-bandwidth memory (HBM) chips to companies like Nvidia, is expected to create around 1,000 jobs. This funding is part of the 2022 Chips and Science Act, which aims to revitalize the American chip industry. SK Hynix is one of five top chip manufacturers to receive subsidies from the Biden administration. [Extracted from the article]
- Published
- 2024
23. US to Call for Limits on Chinese Vehicle Software Over Data Security Concerns.
- Author
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Welch, David, Hawkins, Mackenzie, and Leonard, Jenny
- Subjects
TRAFFIC signs & signals ,AUTOMATIC systems in automobiles ,SYSTEMS software ,DATA security ,AUTOMOBILE industry ,TARIFF ,ELECTRIC vehicle industry - Abstract
The US is planning to propose limits on the sale and use of Chinese vehicle software due to concerns over data security. The move is aimed at addressing cybersecurity risks posed by smart cars and autonomous vehicles. China has become a leader in electric vehicles and smart car components, and the US is seeking to act before Chinese-made cars become prevalent in the country. The restrictions would be enforced by the Commerce Department and are intended to prevent Chinese companies from collecting data on US drivers and establishing a larger presence in the US market. The proposal may include a phase-in period to allow automakers to find alternative sources or supplies. [Extracted from the article]
- Published
- 2024
24. US Weighs Restrictions on China's Access to AI Memory Chips.
- Author
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Hawkins, Mackenzie
- Published
- 2024
25. Intel in Talks for More Than $10 Billion in Chips Act Incentives.
- Author
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Hawkins, Mackenzie, Natarajan, Sridhar, King, Ian, and Sink, Justin
- Subjects
SEMICONDUCTOR manufacturing - Abstract
The Biden administration is reportedly in discussions to provide Intel Corp. with over $10 billion in subsidies as part of an effort to bring semiconductor manufacturing back to the United States. The incentives would come from the 2022 Chips and Science Act, which allocated $39 billion in direct grants and $75 billion in loans and loan guarantees to encourage semiconductor companies to produce chips domestically. Intel's award package is expected to include both loans and direct grants, although the specific breakdown has not been determined. The company has been lobbying for government support and is currently investing in facilities in Ohio, Arizona, and New Mexico. [Extracted from the article]
- Published
- 2024
26. Charting the Global Economy: UK, Japan Fell Into Recession at the End of 2023.
- Author
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Smith, Molly, Golle, Vince, Mavroeidi, Eleonora, Welch, Jennifer, Aldrick, Philip, Anghel, Irina, Eckl-Dorna, Wilfried, Gunn, Michael, Hawkins, Mackenzie, Horobin, William, Look, Carolynn, Murray, Brendan, Yoshiaki Nohara, Pandey, Swati, Parker, Mario, Randow, Jana, Rees, Tom, Saraiva, Augusta, Sorge, Petra, and Yokoyama, Erica
- Subjects
TARIFF ,INTEREST rates ,CHINA-United States relations ,FOOD prices - Abstract
According to Bloomberg, both the UK and Japan fell into recession at the end of 2023, with two consecutive quarters of contracting activity. The euro area is expected to avoid a downturn, but the European Commission predicts slower growth than initially forecasted. Australia's unemployment rate climbed to a two-year high, indicating a softening economy. In the US, consumer prices increased at the beginning of the year, although economists believe inflation is still on a downward trend. The article also discusses global economic developments, geopolitics, and markets, including discussions between the US and the European Union about merging efforts to engage suppliers of critical minerals and the impact of US sanctions on Russia's crude oil tankers. [Extracted from the article]
- Published
- 2024
27. ASML, Tokyo Electron Dodge New US Chip Export Rules, For Now.
- Author
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Hawkins, Mackenzie, Koc, Cagan, and Mochizuki, Takashi
- Subjects
TRADE regulation ,EXPORT controls ,NATIONAL security ,QUANTUM computing ,SEMICONDUCTOR technology ,SEMICONDUCTOR industry - Abstract
The US is reportedly planning to exclude semiconductor-equipment makers in the Netherlands and Japan from its latest round of restrictions targeting China. The Biden administration is working on a new trade restriction called the foreign direct product rule (FDPR) to prevent specific firms in China and other countries from accessing advanced semiconductor technology. Tokyo Electron Ltd., ASML Holding NV, and other chip companies in the Netherlands and Japan are expected to be exempt from these restrictions. However, the plans are subject to change, and the US may still impose constraints on selling to China for these companies in the future. [Extracted from the article]
- Published
- 2024
28. Intel to Cut Thousands of Jobs to Reduce Costs, Fund Rebound.
- Author
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Hawkins, Mackenzie and Lee, Jane Lanhee
- Subjects
CHIEF operating officers ,QUARTERLY reports ,SEMICONDUCTOR manufacturing ,BUSINESS revenue ,CHIEF executive officers - Abstract
Intel Corp. is planning to cut thousands of jobs in order to reduce costs and fund efforts to recover from a decline in earnings and market share. The company's CEO, Pat Gelsinger, is investing heavily in research and development to improve Intel's technology and regain its position in the semiconductor industry. Intel has faced competition from rivals like Advanced Micro Devices Inc. and has also been grappling with uneven demand for its chips. The workforce reduction is expected to be announced soon, and Intel's second-quarter earnings report is scheduled for Thursday. [Extracted from the article]
- Published
- 2024
29. US Weighs New Restrictions on China's Access to AI Memory Chips.
- Author
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Hawkins, Mackenzie
- Subjects
DYNAMIC random access memory ,EXPORT controls ,INFRASTRUCTURE (Economics) ,PRESIDENTIAL administrations ,GOVERNMENT information ,DESIGN software - Abstract
The US is considering imposing restrictions on China's access to AI memory chips and the equipment used to produce them. This move is intended to escalate the tech rivalry between the two countries and prevent Micron Technology, SK Hynix, and Samsung Electronics from supplying Chinese firms with high-bandwidth memory (HBM) chips. The new rule would target HBM2, HBM3, and HBM3E chips, as well as the tools needed to manufacture them. It is unclear how the US would restrict the South Korean firms, but one possibility is the foreign direct product rule. The restrictions are expected to be announced in late August, along with sanctions against Chinese firms and limits on chip equipment. The Biden administration has already asked South Korea to adopt similar controls on chip technology exports to China. The impact on sales of high-end memory chips bundled with AI accelerators in China is uncertain. The US also plans to lower the threshold for advanced dynamic random access memory (DRAM) and create a list of critical components needed for semiconductor production. The article mentions that Huawei Technologies is offering its Ascend AI chips as an alternative to Nvidia and AMD products, but it is unclear where Huawei sources its HBM chips. [Extracted from the article]
- Published
- 2024
30. Applied Materials Denied US Chips Grant for $4 Billion Project in Silicon Valley.
- Author
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Hawkins, Mackenzie
- Subjects
EXTREME ultraviolet lithography ,CHIEF executive officers ,SILICON wafers ,INCENTIVE grants ,SEMICONDUCTOR technology ,SEMICONDUCTOR industry - Abstract
Applied Materials Inc. has been denied funding from the US government for a $4 billion research and development center in Silicon Valley. The project, which was closely aligned with the Biden administration's goal of revitalizing the domestic semiconductor industry, did not qualify for funding under the Chips Act program. While the rejection is not uncommon, it is notable given the project's significance and the administration's focus on the semiconductor industry. The decision suggests that major chip-equipment makers are unlikely to receive direct subsidies from the Chips Act. The Commerce Department has not commented on the application's status. [Extracted from the article]
- Published
- 2024
31. Intel to Cut Thousands of Jobs to Reduce Costs, Fund Turnaround.
- Author
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Hawkins, Mackenzie and Lee, Jane Lanhee
- Subjects
CHIEF operating officers ,QUARTERLY reports ,SEMICONDUCTOR manufacturing ,BUSINESS revenue ,CHIEF executive officers - Abstract
Intel Corp. is planning to cut thousands of jobs in order to reduce costs and fund efforts to recover from a decline in earnings and market share. The company's CEO, Pat Gelsinger, is investing heavily in research and development to improve Intel's technology and regain its position in the semiconductor industry. Intel has faced competition from rivals like Advanced Micro Devices Inc. and Nvidia Corp., who have made advancements in AI-related semiconductors. Gelsinger is also focusing on building factories to manufacture semiconductors for other chipmakers. Intel has previously reduced its workforce and expects cost reductions to save up to $10 billion by 2025. Analysts predict that Intel's second-quarter revenue will be flat compared to the previous year, but growth is expected in the second half of 2024. [Extracted from the article]
- Published
- 2024
32. Amkor Wins $600 Million in US Grants, Loans for Chip Packaging.
- Author
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Hawkins, Mackenzie
- Subjects
LOANS ,PACKAGING - Abstract
Amkor Technology Inc. has been awarded $400 million in US government grants and $200 million in loans for a chip packaging project in Arizona. The funding will support Amkor's $2 billion facility in Peoria, which is expected to create 2,000 jobs and package chips manufactured for Apple at Taiwan Semiconductor Manufacturing Co.'s new Phoenix complex. The US government aims to boost semiconductor manufacturing and reduce reliance on Asian supply lines through the Chips Act, which allocated $39 billion in grants, $75 billion in loans and guarantees, and 25% tax credits. The US currently has only 2% of the world's chip packaging capacity, compared to China's 38%. [Extracted from the article]
- Published
- 2024
33. New York's Pension Fund Pressures Micron to Make Union Deal.
- Author
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Hawkins, Mackenzie
- Subjects
COLLECTIVE labor agreements ,PENSION trusts ,LABOR unions ,STRIKES & lockouts ,MONETARY unions - Abstract
New York's $260 billion pension fund is pressuring Micron Technology Inc. to adopt a global policy of labor neutrality, allowing workers at the company's chip factories to form and join unions. Micron had agreed to discuss this with the Communication Workers of America (CWA), but the negotiations have been disappointing so far. A neutrality policy at Micron would reduce the likelihood of labor disputes and disruptions, according to New York State Comptroller Thomas DiNapoli. Micron is investing up to $100 billion in building chipmaking factories in upstate New York and is set to receive billions in grants, loans, and tax credits. [Extracted from the article]
- Published
- 2024
34. GlobalWafers Wins $400 Million US Grant for Texas, Missouri Plants.
- Author
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Hawkins, Mackenzie
- Subjects
SILICON wafers ,SEMICONDUCTOR manufacturing ,ELECTRONIC equipment ,GRANTS (Money) ,INDUSTRIAL capacity - Abstract
GlobalWafers, a Taiwanese manufacturer of silicon wafers used in chip production, is set to receive $400 million in US government funding for projects in Texas and Missouri. This funding is part of the Biden administration's Chips and Science Act, which aims to boost the domestic semiconductor industry. GlobalWafers plans to invest a total of $4 billion in these initiatives, which will create 2,500 jobs in construction and manufacturing. The investment is seen as a step towards reducing dependence on Asian production for electronic components. However, there is a challenge with a nearby cement kiln project in Texas that could potentially jeopardize the operations. [Extracted from the article]
- Published
- 2024
35. Lawmakers Call for Intelligence Probe of Microsoft-G42 Deal.
- Author
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Hawkins, Mackenzie
- Subjects
LEGISLATORS ,LEGISLATIVE committees - Abstract
Key Republican lawmakers have called on the Biden administration to conduct an intelligence community assessment of the partnership between Microsoft and Abu Dhabi AI firm G42, specifically focusing on G42's ties to China. The lawmakers expressed concerns about the transfer of critical AI technology to countries where China is active. The Biden administration has been in regular dialogue with Congress regarding the risks and opportunities associated with digital infrastructure. Microsoft has stated that US national security is a top priority in their collaboration with G42. The deal between Microsoft and G42, which involves a $1.5 billion investment, has drawn scrutiny in Washington due to concerns about G42's alleged ties to blacklisted Chinese companies and the potential risks of sharing AI technology with Gulf states. The lawmakers are calling for stronger national security measures and a more formal framework for the export of chips and AI model weights. Some Pentagon officials are also skeptical about G42's ability to fully decouple from China. [Extracted from the article]
- Published
- 2024
36. GOP Lawmakers Call for Intelligence Probe of Microsoft-G42 Deal.
- Author
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Hawkins, Mackenzie
- Subjects
LEGISLATIVE committees ,LEGISLATORS - Abstract
Republican lawmakers have called on the Biden administration to conduct an intelligence community assessment of the partnership between Microsoft and Abu Dhabi AI firm G42. The lawmakers are concerned about G42's ties to China and the potential risks of transferring critical AI technology to countries where China is active. Microsoft's $1.5 billion investment in G42, which includes Microsoft President Brad Smith joining G42's board and G42 using Microsoft's Azure cloud for its AI applications, has already attracted scrutiny in Washington. The lawmakers are urging for stronger national security measures before any sensitive technology is transferred and for a more formal framework for the export of chips and AI model weights. [Extracted from the article]
- Published
- 2024
37. US Opens $1.6 Billion Competition for Chip Packaging Research.
- Author
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Hawkins, Mackenzie
- Subjects
PACKAGING ,ELECTRONIC design automation ,SEMICONDUCTOR manufacturing ,SEMICONDUCTOR industry - Abstract
The Biden administration is launching a $1.6 billion funding competition for chip packaging research and development projects in an effort to revitalize the domestic semiconductor industry. The funding will support research in five areas and also help finance prototype development. Currently, the US accounts for only 3% of the world's chip packaging capacity, with most of it done in Asia. This funding opportunity is the largest to come out of an $11 billion Chips Act R&D fund, which aims to bring semiconductor manufacturing back to the US. The program will award multiple grants of up to $150 million each in five categories, including equipment and tools, power delivery and heat management, connector technology, electronic design automation, and chiplets. [Extracted from the article]
- Published
- 2024
38. Abu Dhabi Investment Firm Lunate Takes On AI Firm G42's China Fund.
- Author
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Cao, Dong, Bartenstein, Ben, and Hawkins, Mackenzie
- Subjects
ARTIFICIAL intelligence ,MERGERS & acquisitions - Abstract
Abu Dhabi investment firm Lunate has taken over the management of G42's China-focused fund, which holds stakes in Chinese technology companies such as ByteDance and JD.com. Lunate, a unit of International Holding Co., plans to hire a small team to manage the fund. G42 had previously reached a secret deal with the Biden administration to pivot away from Beijing, but Lunate's involvement raises questions about the deal's alignment with US strategic goals. Lunate, controlled by Sheikh Tahnoon bin Zayed Al Nahyan, is part of a larger empire that includes sovereign wealth funds and other entities. [Extracted from the article]
- Published
- 2024
39. Microsoft AI Deal With UAE's G42 at Risk Over National Security Fears.
- Author
-
Bergen, Mark, Hawkins, Mackenzie, Bass, Dina, and Bartenstein, Ben
- Subjects
NATIONAL security ,ARTIFICIAL intelligence ,LANGUAGE models ,INFORMATION technology ,EXPORT controls ,BELT & Road Initiative - Abstract
Microsoft's $1 billion deal with UAE's artificial intelligence firm, G42, to invest in projects in Kenya is at risk due to concerns over national security. The agreement, negotiated with input from the US and UAE governments, aims to expand US political and economic influence in emerging markets in Africa and Central Asia. However, there are worries in Washington about Microsoft's cybersecurity failures, the potential access of foreign powers to sensitive US networks, and the shipment of advanced AI technology to Gulf states with questionable human rights records. The resistance to the deal could hinder the US government's efforts to lead in AI development and compete with China in the Global South. [Extracted from the article]
- Published
- 2024
40. Biden Awards $504 Million to Tech Investment Hubs Across US.
- Author
-
Hawkins, Mackenzie and Rozen, Courtney
- Subjects
DEMOCRATS (United States) ,ELECTRIC vehicle batteries ,SEMICONDUCTOR manufacturing ,BUSINESSPEOPLE ,LITHIUM cells - Abstract
President Joe Biden's administration is providing $504 million in funding for 12 regional technology hubs across the United States. The funding will support research in areas such as artificial intelligence, semiconductor manufacturing, and clean energy, with the aim of promoting private investment in cutting-edge industries outside of traditional innovation centers. Recipients of the funding include hubs in New York, Florida, Nevada, and South Carolina. The program is part of Biden's efforts to boost domestic manufacturing and position the US as a competitor to China in critical technologies. [Extracted from the article]
- Published
- 2024
41. US to Fight Labor Shortage With New Chips Act Worker Program.
- Author
-
Hawkins, Mackenzie
- Subjects
LABOR market ,INTEGRATED circuits industry ,LABOR contracts - Abstract
The Biden administration has launched a program to address the labor shortage in the US computer-chip workforce. The program, called the National Semiconductor Technology Center (NSTC), will provide grants to workforce development projects. The funding comes from the 2022 Chips and Science Act, which allocated $39 billion for chipmaking grants and $11 billion for semiconductor research and development. The US aims to produce a fifth of the world's most advanced chips by 2030, but estimates suggest a shortage of 90,000 technicians by that time. The program aims to develop a domestic semiconductor workforce ecosystem to support the industry's growth. [Extracted from the article]
- Published
- 2024
42. US Moves Closer to Restricting Outbound Investment in China for Chips, AI Tech.
- Author
-
Condon, Christopher and Hawkins, Mackenzie
- Subjects
ARTIFICIAL intelligence - Abstract
The Biden administration is moving forward with plans to restrict investments by US individuals and companies into China, particularly in the areas of semiconductors, quantum computing, and artificial intelligence. The Treasury Department has proposed new rules that would limit outbound investment in technologies that pose national security risks to the United States. These restrictions are part of President Biden's strategy to slow down China's development of sensitive technologies that threaten US national security. The Treasury is accepting public comment on the proposals until August 4th, and the final rules and their implementation timeline have not been announced yet. [Extracted from the article]
- Published
- 2024
43. US Seeks Allies' Help in Curbing China's AI Chip Progress.
- Author
-
Hawkins, Mackenzie, Koc, Cagan, and Furukawa, Yuki
- Subjects
ARTIFICIAL intelligence ,DYNAMIC random access memory ,SEMICONDUCTOR industry ,CLIMATE change denial - Abstract
The US is seeking the help of Japan and the Netherlands in imposing restrictions on China's semiconductor sector, particularly in its ability to produce high-end memory chips for artificial intelligence. US Under Secretary of Commerce for Industry and Security Alan Estevez will ask his counterparts in Tokyo and The Hague to impose more limits on the activities of Dutch supplier ASML Holding NV and Japan's Tokyo Electron Ltd. The Biden administration has been trying to limit China's access to advanced semiconductors for national security reasons, and is seeking support from allies to create a more effective global blockade. The Dutch and Japanese governments have been resisting US pressure, but the US is expected to repeat its request for tighter restrictions on ASML and Tokyo Electron's ability to maintain and repair their equipment in China. [Extracted from the article]
- Published
- 2024
44. US Seeks Allies' Help in Curbing China's Chip Progress.
- Author
-
Hawkins, Mackenzie, Koc, Cagan, and Furukawa, Yuki
- Subjects
DYNAMIC random access memory ,SEMICONDUCTOR industry ,CLIMATE change denial - Abstract
The US is seeking the help of Japan and the Netherlands in imposing additional restrictions on China's semiconductor sector, particularly on its ability to produce high-end memory chips for artificial intelligence. US Under Secretary of Commerce for Industry and Security Alan Estevez will ask his counterparts in Tokyo and The Hague to impose more limits on the activities of Dutch supplier ASML Holding NV and Japan's Tokyo Electron Ltd. The US has been trying to limit China's access to advanced semiconductors for national security reasons, but has faced challenges. The Biden administration is seeking support from allies to create a more effective global blockade. [Extracted from the article]
- Published
- 2024
45. US Lawmakers Look to Bar Chips Act Winners From Using Chinese Tools.
- Author
-
Hawkins, Mackenzie
- Subjects
LEGISLATORS ,SEMICONDUCTOR manufacturing ,REPUBLICANS ,EXPORT controls ,CONSTRUCTION spending - Abstract
US lawmakers have introduced a bipartisan bill that aims to prevent companies receiving federal chipmaking funds from using Chinese-made equipment at government-backed factories. The bill would prohibit companies like Intel and Taiwan Semiconductor Manufacturing Co. from purchasing chipmaking gear from entities owned or controlled by China, as well as Russia, North Korea, and Iran. The ban would only apply to US facilities supported by funds from the 2022 Chips and Science Act. The US program has sparked a global subsidy race, with governments worldwide implementing their own programs to strengthen domestic chip supplies. [Extracted from the article]
- Published
- 2024
46. US Seeks Allies' Help in Curbing China's AI Memory Chip Progress.
- Author
-
Hawkins, Mackenzie, Koc, Cagan, and Furukawa, Yuki
- Subjects
ARTIFICIAL intelligence ,SEMICONDUCTOR industry ,DYNAMIC random access memory ,CLIMATE change denial ,MEMORY - Abstract
The US is seeking the help of Japan and the Netherlands in imposing restrictions on China's semiconductor sector, particularly in its ability to produce high-end memory chips for artificial intelligence (AI). US Under Secretary of Commerce for Industry and Security Alan Estevez will ask his counterparts in Tokyo and The Hague to impose more limits on the activities of Dutch supplier ASML Holding NV and Japan's Tokyo Electron Ltd. The US has been trying to limit China's access to advanced semiconductors for national security reasons, but has faced challenges. The Biden administration is now seeking support from allies to create a more effective global blockade. [Extracted from the article]
- Published
- 2024
47. US Weighs More Limits on China's Access to Chips Needed for AI.
- Author
-
Hawkins, Mackenzie and King, Ian
- Subjects
ARTIFICIAL intelligence ,SEMICONDUCTOR design ,EXPORT controls ,TRADE negotiation ,COMPUTER systems - Abstract
The Biden administration is considering imposing further restrictions on China's access to chip technology used for artificial intelligence (AI). The potential measures would target a new chip architecture called gate all-around (GAA), which is expected to enhance the power of semiconductors. The aim is to make it more difficult for China to develop advanced computing systems for AI models and to control the technology before it becomes commercialized. Companies like Nvidia, Intel, and Advanced Micro Devices are planning to mass-produce semiconductors with GAA design in the near future. The US has already implemented several restrictions on the sale of advanced semiconductors to China due to concerns about China's military gaining an advantage in AI technology. The Biden administration is currently working on issuing additional regulations before the November presidential election. There are discussions about limiting exports of high-bandwidth memory chips as well. Some US allies are also considering their own export control measures for GAA technology. [Extracted from the article]
- Published
- 2024
48. US Is Slowing AI Chip Exports to Middle East by Nvidia, AMD.
- Author
-
Hawkins, Mackenzie and King, Ian
- Subjects
ARTIFICIAL intelligence ,EXPORT controls ,SEMICONDUCTOR manufacturing ,DATA processing service centers - Abstract
US officials have slowed the issuance of licenses to chipmakers like Nvidia and AMD for large-scale AI accelerator shipments to the Middle East. This is due to a national security review of AI development in the region. The review is focused on high-volume sales, as countries like the United Arab Emirates and Saudi Arabia seek to import large quantities of chips used in AI data centers. The goal is to develop a comprehensive strategy for how these advanced chips will be deployed overseas, including negotiating who manages and secures the facilities used to train AI models. The concern is that Chinese companies could access these chips through data centers in the Middle East, which is why the US is cautious about granting licenses. The UAE and Saudi Arabia are both aiming to reduce their dependence on oil and have been seeking regional leadership in AI. They see the US as a key partner and have committed to keeping Chinese supply chains separate or divesting from Chinese technology entirely. The ability to secure export licenses is also a significant part of negotiations surrounding Microsoft's investment in an Abu Dhabi AI firm. [Extracted from the article]
- Published
- 2024
49. US Is Reining In AI Chip Sales to Middle East by Nvidia, AMD.
- Author
-
Hawkins, Mackenzie and King, Ian
- Subjects
ARTIFICIAL intelligence ,SEMICONDUCTOR manufacturing ,DATA processing service centers - Abstract
US officials have slowed down the issuance of licenses to chipmakers like Nvidia and AMD for large-scale AI accelerator shipments to the Middle East. This is due to a national security review of AI development in the region. The review aims to develop a comprehensive strategy for the deployment of advanced chips overseas, including the management and security of facilities used for AI model training. Concerns include the potential access of Chinese companies to these chips through Middle Eastern data centers. The UAE and Saudi Arabia, both aiming to reduce their dependence on oil, have been working with the US to keep Chinese supply chains separate. [Extracted from the article]
- Published
- 2024
50. US Officials Rein In AI Chip Sales to Middle East by Nvidia, AMD.
- Author
-
Hawkins, Mackenzie and King, Ian
- Subjects
ARTIFICIAL intelligence ,SEMICONDUCTOR manufacturing ,DATA processing service centers - Abstract
US officials have slowed down the issuance of licenses to chipmakers like Nvidia and AMD for large-scale AI accelerator shipments to the Middle East. This is due to a national security review of AI development in the region. The review aims to develop a comprehensive strategy for the deployment of advanced chips overseas, including the management and security of facilities used for AI model training. Concerns include the potential access of Chinese companies to American technology through data centers in the Middle East. The UAE and Saudi Arabia, both aiming to reduce their dependence on oil, have been working with the US to keep Chinese supply chains separate. The Commerce Department added the Middle East to chip export restrictions in October, requiring a special license for shipments to countries like Saudi Arabia and the UAE. [Extracted from the article]
- Published
- 2024
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