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A semiconductor company whose president was head of the now-bankrupt Solyndra solar energy company stands to receive $6.6 billion in funding from the Biden administration. Under a preliminary agreement, according to CNBC, a subsidiary of Taiwan Semiconductor Manufacturing Co. (TSMC) in Arizona will receive the funding under the U.S. CHIPS and Science Act. The company’s president is Brian Harrison. The Washington Free Beacon reported that Harrison was CEO of Solyndra, which in the early 2000s was involved in the manufacturing of solar panels and considered at the forefront of the sustainable energy industry.

The U.S. government on Monday said it will give GlobalFoundries $1.5 billion as part of the U.S. CHIPS and Science Act to boost domestic chip manufacturing. That comes amid reports that the Biden administration could provide more than $10 billion in funding to Intel. Intel and especially GlobalFoundries rose Tuesday on the news. Please watch the video at Investors.com - Market Rally Faces Nvidia Test; Super Micro, Lennar, Weatherford In Focus GlobalFoundries will use the funds to expand and improve its existing fabrication plant in Malta, New York, as well as build a new fab on that Malta campus. It'll...

The chipmaking giant, which expects to receive up to $15 billion in federal tax credits and grants for its Arizona facility, says U.S. workers are not up to the job. The world’s largest contract chipmaker will import hundreds of workers from Taiwan to help build its sprawling new facility in Phoenix, Arizona, the company announced on Thursday. The news comes a week after the Prospect published an investigation of labor problems plaguing the TSMC site, which currently employs over 12,000 contract workers. Some described life-threatening injuries, while others detailed setbacks in construction that they alleged were caused by non-union contractors....

Intel CEO, Pat Gelsinger, recently visited China to attend the company's Sustainable Development Summit Forum. During his visit, Pat stated that China is very important for them & one of the tech world's largest markets. During the recent visit of Intel's CEO, Pat Gelsinger, he defended China as one of the biggest markets in the world. China is holding military drills & exercises near the coast of Taiwan which is the home to Intel's biggest rival, TSMC (Taiwanese Semiconductor Manufacturing Company). Intel will be present in Taiwan a few weeks from now during Computex 2023.

A federal effort to throw about $40 billion in taxpayer cash at semiconductor manufacturers is now going to double as a backdoor effort at expanding federal subsidies for child care. According to The New York Times, the Commerce Department is set to unveil new rules on Tuesday that will effectively force recipients of the new federal semiconductor subsidies to "guarantee affordable, high-quality child care for workers who build or operate a plant." The Times reports that the new rules will not specify how recipients use the funding, though it could include everything from "building company child-care centers near construction sites...

There are at least two big missing pieces in the CHIPS Act of 2022, the US$52 billion subsidy for US-based semiconductor manufacturers that has just been sent to President Joe Biden for his signature. The first missing piece is definitional. There is no statement in the Act of what constitutes an “advanced” semiconductor. Second, not only is there no priority on military capability, but there is also no requirement or guidance for protecting newly developed technology funded under the Act. To begin with the question of what constitutes an “advanced” semiconductor, Intel is investing $20 billion in a new manufacturing...

Arizonans face rising prices and empty store shelves, and they deserve to keep more of their hard earned money in their pockets.We passed the Chips and Science Act to help lower costs and improve supply chain challenges by increasing American semiconductor manufacturing. pic.twitter.com/0BN07jI8YJ— Kyrsten Sinema (@SenatorSinema) July 29, 2022

Klaus Schwab discusses the "European Chips Act" with EU Commission leader, von der Leyen and the need for a "physical brain for digitalization and to have it located to a certain extent in Europe."(33 second video clip at the link below) https://twitter.com/apexworldnews/status/1485650635462746114