Technology
Intel has already received $2.2B in federal grants for chip production

Semiconductor giant Intel Corporation has already received $2.2 billion in federal grants from the U.S. Department of Commerce through the U.S. CHIPS and Science Act, the company shared during its Thursday earnings call.
Dave Zinsner, Intel’s co-interim CEO, executive vice president, and CFO, said the Silicon Valley-based company received the first tranche of $1.1 billion in federal grants at the end of 2024 and an additional $1.1 billion in January 2025.
These grants are based on reaching certain milestones, Zinsner added. Another $5.66 billion has yet to be dispersed.
The company was awarded a total of $7.86 billion in federal grants to build semiconductors in the U.S. in November as part of the U.S. Department of Commerce’s U.S. CHIPS and Science Act. While a sizable sum, this total was less than the original $8.5 billion estimate.
When Intel was awarded its grant money in November, the company said it was planning to put the funds toward manufacturing and advanced packaging, or toward techniques to assemble and integrate multiple semiconductor chips into one package. This will be carried out at Intel facilities across Arizona, New Mexico, Ohio, and Oregon.
The U.S. CHIPS and Science Act was signed into federal law by former president Joe Biden in 2022 in an effort to increase domestic semiconductor manufacturing. The act set aside $52 billion in subsidies for domestic chip manufacturers.
While already two years old, the CHIPS Act faces some uncertainty under the Trump administration. If President Donald Trump’s federal funding freeze, which is currently being blocked by a federal judge, does go into effect, it would affect the Commerce Department employees focused on the CHIPS Act, according to Bloomberg reporting.
Zinsner had a rosier outlook, though. When asked by an analyst, he said that Intel has already been in communication with the Trump administration and “feels really good” about the administration’s outlook on bringing semiconductor manufacturing back to the United States.
“We look forward to continued engagement with the Trump administration as we advance this work and support their efforts to strengthen U.S. technology and manufacturing leadership,” Zinsner said earlier on the call.

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Technology
North Carolina Amazon workers vote against unionizing

Workers at an Amazon warehouse in Garner, North Carolina voted against unionizing in election results announced today.
According to Carolina Amazonians United for Solidarity and Empowerment (CAUSE), the worker group seeking to form the union, 3,276 ballots were cast in the election, with 25.3% of votes in favor of unionizing and 74.7% against. The results still need to be certified by the National Labor Relations Board (NLRB).
In a statement provided to CNBC, CAUSE blamed the results on “Amazon’s willingness to break the law,” claiming, “Amazon’s relentless and illegal efforts to intimidate us prove that this company is afraid of workers coming together to claim our power.”
Amazon spokesperson Eileen Hards denied the company had broken any laws and said, “We’re glad that our team in Garner was able to have their voices heard, and that they chose to keep a direct relationship with Amazon.”
Workers at an Amazon warehouse in Staten Island voted to unionize in 2022, and workers at a Philadelphia location of Amazon-owned Whole Foods also voted in favor of unionization earlier this year. The grocery chain has asked the NLRB to set those results aside.
Meanwhile, Amazon’s lawyers recently joined SpaceX in a legal challenge to the NLRB’s structure.

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Technology
Uber sues DoorDash, alleging anti-competitive tactics

Ride-share giant Uber filed a lawsuit Friday against DoorDash, accusing the delivery outfit of stifling competition by intimidating restaurant owners into exclusive deals.
Uber alleges in the lawsuit, filed in Superior Court of California, that its chief rival bullied restaurants into only working with DoorDash. Uber claims that DoorDash, which holds the largest share of the food delivery market in the U.S., threatens restaurants with multimillion-dollar penalties or the removal or demotion of the businesses’ position on the DoorDash app.
Specifically, Uber claims DoorDash pressures restaurants to strike exclusive or near-exclusive agreements for first-party delivery services, meaning that DoorDash insists on solely handling orders placed through restaurants’ own websites, says Uber.
“Uber’s case has no merit,” said a DoorDash spokesperson in an email to TechCrunch on Friday. “Their claims are unfounded and based on their inability to offer merchants, consumers, or couriers a quality alternative.”
DoorDash and Uber Eats are best known for their respective apps to connect restaurant, consumers and gig economy workers. Consumers use the apps to find and order food like pizza, egg rolls, or pad thai from restaurants. A gig economy worker then picks up and delivers the food to the consumer.
But the two companies also compete with their own white-label delivery services – called Uber Direct and DoorDash Drive on-Demand – which both launched in 2020. These services are cheaper for restaurants, allowing patrons to order directly from the restaurants’ own apps and websites, while Uber and DoorDash manage the couriers behind the scenes.
Uber claims in its suit that DoorDash handles first-party deliveries for more than 90% of the largest enterprise restaurants in America, and it alleges DoorDash used anticompetitive practices to win the market.
“More than 1 million merchants partner with Uber Eats because we’ve helped them to reach more customers and provided them the freedom to decide how they want to grow their businesses with delivery,” Sarfraz Maredia, head of the Americas for delivery at Uber, said in an emailed statement. “We’ve increasingly heard complaints from restaurants that DoorDash’s tactics are limiting that freedom and punishing them for seeking better options. We hope this filing puts an end to those unfair practices so that restaurants can choose what’s best for them without fear of penalty or retribution.”
In one example from the lawsuit, Uber says that an unnamed “significant restaurant company” told the company it would not move forward with a long-planned rollout of Uber Direct across several of its restaurant brands. The reason, Uber claims, is because DoorDash allegedly threatened to increase the rates it charges the restaurant company to use DoorDash’s third-party delivery services if it continued to use Uber Direct.
Uber says this was not a one-off event, but rather that multiple customer have told the company they feel “like they have a ‘gun to their head,’ that DoorDash is a ‘monopolist,’ and that they are being bullied by DoorDash.”
Uber has requested a jury trial; the company did not specify the amount of damages in the complaint. However, Uber claims these anticompetitive practices have cost the company “millions of dollars in revenue” and also restricted the growth of Uber Direct.

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Technology
DeepSeek founder Liang Wenfeng is reportedly set to meet with China’s Xi Jinping

Chinese AI startup DeepSeek founder Liang Wenfeng is reportedly set to meet with China’s top politicians, including Chinese leader Xi Jinping, during a summit that Alibaba founder Jack Ma is also expected to attend.
The summit, which could happen as soon as next week, may be intended as a signal by China’s Communist Party that it aims to adopt a more supportive stance toward domestic private-sector firms, according to Bloomberg. In 2020, Chinese authorities effectively prevented Alibaba from executing what would have been the biggest public offering in history.
Liang, who founded DeepSeek in 2023 as a subsidiary of his quantitative hedge fund, High-Flyer, rose to prominence last month after DeepSeek’s openly available AI models showed strong performance against leading models from OpenAI and other American AI companies. U.S. officials have raised concerns over the explosive popularity of DeepSeek’s models and services, which they perceive as a threat to the U.S.’ pole position in the AI race.

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
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