In a move to bolster semiconductor manufacturing within the United States, the White House has announced that Intel has been awarded up to $8.5 billion in CHIPS Act funding. This funding is part of a broader effort by the Biden administration to bring chip production back to U.S. soil and reduce reliance on foreign manufacturers.
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Apple CEO Tim Cook recently posted on his official Weibo account that he is currently in Shanghai. The post included a video of Cook taking a stroll in one of the city’s popular tourist districts and having breakfast with Chinese actor Zheng Kai. This visit comes just before the opening of a new retail store