Trusted News Discovery Since 2008
{{/content}}
Samsung Elec expects $100 million or more sales from advanced chip packaging business
Credit: IndiaTimes- Published on March 20, 2024
Samsung expects significant revenue from advanced chip-packaging in 2022, targeting DRAM market leadership with new chip developments for AI demand. Co-CEO Kyung leads Samsung's strategic initiatives, backed by Nvidia's endorsement. Samsung set up advanced chip packaging as a business unit last year, and Kyung said he expects the...
Video credit: Wibbitz Top Stories
Published on March 21, 2024 - 01:31
Biden Administration to Invest $8.5 Billion in Intel’s Computer Chip Plants
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
You are here
Related videos from verified sources
Billie Eilish Drags ‘Big Artists’ for ‘Wasteful Packaging’ of Their Albums 01:30
Credit: Wibbitz Top Stories - Published on March 29, 2024