This $362 billion 'beyond well-positioned' Dutch company is quietly winning the global AI chips race

fortune.com High-end semiconductor manufacturing, the bedrock technology behind AI development, is a tight-knit industry. The engineering and design of advanced computer chips is…

Micron scores $6.1B CHIPS Act cash for new build US fabs

theregister.com Memory chipmaker Micron looks set to be the next recipient of US government subsidy cash with $6.1 billion heading its way to help fund new-build semiconductor plants. The…

Futures Rise After 4 Straight Days Of Losses

zerohedge.com Futures Rise After 4 Straight Days Of Losses US equity futures are higher after four consecutive days of selling, although that is the same pattern we have seen all week as…

Stock Market Today: Stocks rise as bond rout eases; Nvidia leads chip gains

thestreet.com Check back for updates throughout the trading day U.S. equity futures nudged higher Thursday, while the dollar gave back recent gains against its global peers, as investors…

Micron Poised to Get Over $6 Billion in Chips Grants in Announcement Next Week

finance.yahoo.com Micron Technology Inc., the largest US maker of computer-memory chips, is poised to get more than $6 billion in grants from the Commerce Department to help pay for domestic…

Micron poised to get over US$6 billion in chips grants in announcement next week

scmp.com Micron Technology poised to get over US$6 billion in chips grants in announcement next week Micron Technology, the largest US maker of memory chips, is poised to get US$6.1…

The US NIST appoints as head of AI safety former OpenAI researcher Paul Christiano, who has been criticized for “AI doomer” views and ties to effective altruism

arstechnica.com The US AI Safety Institute—part of the National Institute of Standards and Technology (NIST)—has finally announced its leadership team after much speculation. Appointed as…

Uncle Sam earmarks $54M of CHIPS funding for small-biz semiconductor boffinry

theregister.com Small businesses wishing they could get their hands on some of those billions of dollars in semiconductor funding being doled out as part of America's CHIPS Act are in luck,…

Biden's call for more steel tariffs is economically ineffective political pandering

reason.com Just four days ago, the Biden administration launched a new line of attack against former President Donald Trump and his campaign trail promise to hike tariffs if he is…

US should not delink from China: Commerce Secretary Gina Raimondo

semafor.com The News U.S. Commerce Secretary Gina Raimondo said Wednesday that the U.S. should avoid decoupling entirely from China, and focus instead on limiting Beijing’s access to…

Microsoft Invests $1.5 Billion Into AI Firm in the UAE

cryptonews.com Microsoft has invested $1.5 billion into G42, an artificial intelligence (AI) company based in the United Arab Emirates (UAE) the company announced on April 16. This was…

Nasdaq, S&P 500 Futures Signal Weak Open Today: What's Dragging Stock Futures? - Invesco QQQ Trust, Serie

benzinga.com Earnings optimism may partly offset worries concerning rising bond yields and the volatile geopolitical situation in the Middle East, with the index futures trading mixed…

US Growth to Lap G7 Peers, IMF Predicts

thedailyupside.com The informal grouping of seven advanced economies known as the G7 has one clear standout in the eyes of — at least, according to the International Monetary Fund. On Tuesday,…

Single-family new home construction plunges in huge housing market setback

nypost.com US single-family homebuilding tumbled in March, and while new construction remains underpinned by a severe shortage of previously owned houses for sale, a resurgence in…

Experts warn over 'wobbly' US economy, Biden's economic 'lie'

aol.com Though America’s economy has shown some signs of health and growth, two experts warn it’s more "wobbly" than it seems. "The economy is growing. However, the gold price…

New-home construction posts biggest drop in four years, despite America facing a housing shortage

marketwatch.com Construction on new U.S. homes fell nearly 15% in March, the Commerce Department said Tuesday.

Stock Market Today: Stocks edge higher as Israel-Iran risks grip markets

thestreet.com Check back for updates throughout the trading day U.S. equity futures edged higher in early Tuesday trading, following on from the biggest two-day decline on Wall Street…

Why Japan Inc is no longer in thrall to America

economist.com One of the most chilling moments in America’s post-war relationship with Japan occurred in Detroit in 1982. Two American car workers clubbed a Chinese-American man to death,…

Microsoft invests $1.5 billion in AI firm G42 which faces U.S. scrutiny for China ties

cnbc.com Microsoft will invest $1.5 billion into G42, an artificial intelligence firm based in the United Arab Emirates, as the U.S. giant looks to strengthen its position in the…

Samsung to get $6.4 billion to make computer chips in Texas

texastribune.org Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. WASHINGTON (AP) — The Biden administration has…

March retail sales blew past expectations

thehill.com Retail sales in March surpassed expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates from the Commerce Department show…

Raimondo: Commerce Dept. will spend all of the CHIPS Act grant money this year

cnbc.com TAYLOR, Texas — The Commerce Department is on track to dole out all of the $39 billion in grant money allocated under the CHIPS Act by year-end, Commerce Secretary Gina…

US Retail Sales Surge as Consumers Shrug Off Inflation, High Interest Rates

thedailyupside.com Every bit of good economic news seems to come with a Jerome Powell caveat these days. The Commerce Department reported Monday that retail sales rose 0.7% month-over-month —…

Retail sales surge 0.7% in March as Americans seem unfazed by higher prices with jobs plentiful

abcnews.go.com Americans increased their spending pace in March at a better-than-expected pace from the previous month, underscoring how shoppers remain resilient despite inflationary…

US Retail Inventories Climb in February

pymnts.com Retail inventories climbed in February after being flat the prior month. According to the Commerce Department’s Monthly Retail Trade and Food Services report released Monday…

Stock Market today: Dow slides on geopolitical tensions, spike in Treasury yields By

investing.com Investing.com -- The Dow slumped Monday, pressured by a spike in Treasury yields as geopolitical tensions and stronger-than-expected retail sales data dented expectations…

AI Index: State of AI in 13 Charts

hai.stanford.edu This year’s AI Index — a 300-plus-page report tracking 2023’s worldwide trends in AI — is out. The index is an independent initiative at the Stanford Institute for…

Samsung snags $6.4B in CHIPS Act funds for Texas fabs

theregister.com Samsung is the latest chipmaker to benefit from CHIPS and Science Act funds, with the US Commerce Department today announcing the Korean megacorporation is getting $6.4…

US lawmakers rage over Intel Meteor Lake-powered Huawei PC

theregister.com Huawei's launch of its newest MateBook Pro X, which uses Intel's latest Meteor Lake CPU has invoked the ire of Republican members of Congress in the US. Revealed last week,…

U.S. Awards Samsung $6.4 Billion to Bolster Semiconductor Production

nytimes.com The Biden administration will give up to $6.4 billion in grants to Samsung, one of the world’s largest chipmakers, the latest in a slew of awards intended to shore up…

Strong US retail sales boost first-quarter growth estimates

aol.com U.S. retail sales increased more than expected in March amid a surge in receipts at online retailers, further evidence that the economy ended the first quarter on solid…

Retail Sales Accelerate in March, but ‘Leisure’ Spending Is Uneven

pymnts.com Retail sales accelerated in March from February’s gains — indicating that, generally speaking, consumer spending still can overcome the pressures of inflation. But the data…

U.S. Business Inventories Edged Higher in February

barrons.com U.S. businesses added to their inventories in February, a sign that consumers aren't being deterred from spending despite stubbornly high price inflation. Business…

Biden administration agrees to provide $6.4 billion to Samsung for making computer chips in Texas

finance.yahoo.com The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and…

Biden admin announces $6.4B for Samsung to expand chip production in Texas

axios.com President Biden on Monday morning announced up to $6.4 billion in grants to Samsung for the South Korean company to expand chip production in the Austin area. Why it…

U.S. gives Samsung $6.4 billion to build new chip factories in Texas

washingtonpost.com The U.S. government announced Monday a $6.4 billion subsidy for South Korean tech giant Samsung to build advanced computer chip manufacturing facilities in the Austin area,…

Retail sales up a strong 0.7% in March from February, underscoring the resiliency of the US consumer

aol.com Americans increased their spending pace in March at a better-than-expected pace the previous month, , underscoring how shoppers remain resilient despite inflationary…

US grants Samsung up to US$6.4 billion to make advanced chips in Texas

scmp.com President Joe Biden ’s administration has previously approved billions in grants to US titan Intel and Taiwan Semiconductor Manufacturing Co (TSMC), as the US tries to avoid…

Retail sales surge; spending boosts GDP bets and tests Fed rate-cut timing

thestreet.com U.S. retail sales surged again last month, data indicated Monday. suggesting that domestic consumers are extending their spending spree into the spring, adding further…

US retail sales rose in March for the second-straight month

aol.com Spending at US retailers rose in March for the second consecutive month, underscoring the strength of the US consumer fueled by a robust job market. Retail sales rose 0.7%…

Retail sales jumped 0.7% in March, much higher than expected

cnbc.com Rising inflation in March didn't deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales…

Retail sales unexpectedly jump even as high inflation stirs back to life

foxbusiness.com Americans picked up the pace on spending in March even as they continued to face high interest rates and steeper prices for everyday goods. Retail sales, a measure of how…

Stock Market Today: Markets braced as Israel mulls Iran attack response

thestreet.com U.S. equity futures moved higher Monday, while oil prices slipped and the dollar gave back recent gains against its global peers, as investors looked to Israel's formal…

Biden administration will provide up to $6.4bn in direct funding for Samsung to develop Texas chip manufacturing and research cluster

fortune.com The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and…

Samsung ramps up U.S. chip investment to $45bn with $6.4bn grant

asia.nikkei.com WASHINGTON/SEOUL/TAIPEI -- The U.S. government will offer up to $6.4 billion in direct funding to Samsung Electronics to build chipmaking facilities in central Texas to…

Surging inflation fears sent markets tumbling and Fed officials scrambling

cnbc.com The early data is in for the path of inflation during the first three months of 2024, and the news so far is, well, not good. Pick your poison. Whether it's prices at the…