chips Archives - Page 2 of 2 - Citizen Watch Report

That’s Bidenomics! Intel Lays Off 15k Workers Despite $8.5 BILLION From Chips Act (Intel Craters Over -50% In 4 Months)

August 4, 2024 8:09 am

by confoundedinterest17 Bidenomics (actually Biden/Harrisnomics) is all about huge payoffs to large, powerful donors. A good example is The Chips Act, intended to bring chip manufacturing back to the US from Taiwan, China, etc. Biden/Harris doled out $8.5 BILLION to Intel … which just laid off 15% of it’s labor force or 15k workers. Intel has suspended dividends …

Chips stocks tank 5 percent after warning.

April 17, 2024 5:52 pm

Chip stocks fell on Wednesday after ASML, a key developer of semiconductor manufacturing equipment, said that bookings fell by 61% sequentially during the first quarter, a steeper drop than investors had expected. AMD’s stock fell over nearly 6%, Nvidia shares fell over 3%, Intel shares fell under 2% and Qualcomm was off over 2%. But …

China blocks use of Intel and AMD chips in government computers, FT reports By Reuters

March 24, 2024 7:16 pm

(Reuters) -China has introduced guidelines to phase out U.S. microprocessors from Intel (NASDAQ:INTC) and AMD (NASDAQ:AMD) from government personal computers and servers, the Financial Times reported on Sunday. The procurement guidance also seeks to sideline Microsoft (NASDAQ:MSFT)’s Windows operating system and foreign-made database software in favour of domestic options, the report said. Government agencies above …

Government-mandated DEI hampers chip projects, risking national security; Intel, TSMC, Samsung stall despite CHIPS Act funding.

March 10, 2024 2:12 pm

This is insane — Elon Musk (@elonmusk) March 9, 2024 This government-mandated DEI (Diversity, Equity, and Inclusion) is turning into a disaster. Chip manufacturers are scrapping American projects, moving overseas, all because of the idiotic rule that prioritizes skin color or sexual preference over competence. The competency crisis is escalating, with DEI now infiltrating even …

Russia Cancels Fish and Chips for Britain

February 21, 2024 10:37 pm

Commenting on the legislation, Duma Chairman Vyacheslav Volodin said that by tearing up the agreement Russia was returning to its own possession the fish that the UK had been consuming for decades. “He [President Vladimir Putin] returned our fish to us, because the English, shameless, had been eating it for 68 years. They have imposed …

US Sanctions Fail Again, China Now Produces Its Own Advanced Computer Chips

September 4, 2023 9:34 pm

via Mike Shedlock: Trump and Biden both tried to cut off China’s supply of advanced microchips. So China is now producing its own. Please consider New Phone Sparks Worry China Has Found a Way Around U.S. Sanctions. As Commerce Secretary Gina Raimondo was visiting China earlier this week, a sea-green Chinese smartphone was quietly launched online. …

Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chips

August 23, 2023 7:54 pm

Nvidia reports 88% jump in revenue and tops estimates, driven by demand for AI chips https://www.cnbc.com/2023/08/23/nvidia-nvda-earnings-report-q2-2024.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard Nvidia reported second-quarter earnings that beat elevated expectations for earnings and revenue, and provided guidance for the current quarter that was significantly higher than expected. Shares rose 9% in extended trading. Earnings: $2.70 a share, adjusted, versus $2.09 per share …

Chinese companies order Nvidia chips worth $5B amid fears of US curbs

August 10, 2023 3:23 pm

China’s top tech companies, including Alibaba, Baidu, ByteDance, and Tencent, have placed orders worth $5 billion for Nvidia chips to make generative AI systems. The orders include $1 billion for 100,000 A800 processors to be delivered this year, as well as an additional $4 billion worth of graphics processing units to be delivered in 2024. …

Banking Insider Warns CBDCs Will Be Implanted Chips

July 19, 2023 2:49 pm

Top finance and banking Professor Richard Werner, a former WEF young global leader says the globalists ultimate goal is to implement CBDCS as a chip under the skin. The technology was ready in 2015 but they have delayed the agenda, implemented various crises to soften people up… pic.twitter.com/PkdAquQF4r — Kat A 🌸 (@SaiKate108) July 18, …

The AI narrative was used to mask the true source of chip demand coming from China front-running U.S. export restrictions. Chips shelved overseas due to US trade tensions.

June 29, 2023 10:00 am

If the chips were being used for production we would have seen a rise in memory demand. Instead these orders are being shelved in warehouses overseas in case the U.S. escalates trade tensions. — Financelot (@FinanceLancelot) June 29, 2023 Nvidia's largest 6 month gain in 20 years. pic.twitter.com/cVxTc9LyuQ — Mac10 (@SuburbanDrone) June 29, 2023 It's …