As the US Congress passed an historic $52 billion federal program to boost domestic chipmaking capabilities, it included one significant caveat: Companies that receive the funding have to promise not to increase their production of advanced chips in China. It’s a condition that will certainly add to escalating tensions between Read more…
A mega-spending package to grow U.S. semiconductor production must reckon with a tough reality: The world is already awash in chip-making incentives. What makes the U.S. effort unique is the enormous one-time sum — roughly $77 billion in subsidies and tax credits — earmarked to boost American manufacturing of the Read more…
Kenya’s national cohesion watchdog threatened to suspend Facebook from the country Friday if it doesn’t mitigate hate speech ahead of the country’s general elections next month. The regulator has given the company one week to remediate the problem, which included Facebook’s approval of ads advocating for ethnic cleansing. Human rights Read more…
Siemens and Philadelphia-based ConnectDER have partnered to debut a groundbreaking simple home EV charger connector. Previously, homeowners who wanted to install EV chargers might have had to spend thousands of dollars to modify their home’s electrical panel. This new proprietary plug-in adapter will eliminate that cost and allow installation and Read more…
Facebook parent company Meta has just reported its earnings for the second quarter of 2022, and it was another quarter of shrinking profits. Engadget reports: Total revenue of $28.8 billion was only down one percent compared to Q2 one year ago, but net income dropped 36 percent to $6.7 billion. Read more…
Shoppers at a supermarket chain in southern England are being tracked by facial recognition cameras, prompting a legal complaint by a privacy rights group. Big Brother Watch said Southern Co-operative’s use of biometric scans in 35 stores across Portsmouth, Bournemouth, Bristol, Brighton and Hove, Chichester, Southampton, and London was “Orwellian Read more…
Mark Zuckerberg believes that Apple and his company are in a “very deep, philosophical competition” to build the metaverse, suggesting the two tech giants are ready to butt heads in selling hardware for augmented and virtual reality. The Meta CEO told employees earlier this month that they were competing with Read more…