Commerce Department to reduce Intel’s funding on semiconductors

The Biden administration plans to reduce part of Intel's $8.5 billion in Federal funding for computer chip plants around the country, according to three people familiar with the grant.

The reduction is largely a byproduct of the $3 billion that Intel is also receiving to provide computer chips to the military.

Intel expects a reduction from the $8.5 billion preliminary U.S. subsidies planned for the chipmaker to adjust for a $3 billion deal with the Pentagon.

The Commerce Department is expected to finalize the awards in the coming weeks.

Reference Sources

1. apnews - Commerce Department to reduce Intel’s funding on semiconductors
2. independent - Commerce Department to reduce Intel's funding on semiconductors
3. cna - Intel expects reduced US grant after winning defense contract
4. cnbc - Intel and Commerce Department close to finalizing roughly $8 billion CHIPS Act grant, source says
5. thestarmy - Intel expects reduced U.S. grant after winning defense contract

Microsoft working to fix nation-wide outages

Microsoft experienced a wave of outages across the us on Monday after a faulty software update inside the company ’ s huge computer network.

The outages primarily affected Microsoft outlook, the company’s Email software, and Microsoft teams, the company ’ s Video and communications program. users began reporting issues around 9 a.m. on Monday, according to reports tracked by the site Downdetector.com, which monitors Internet outages across the world.

It was unclear how many people were affected, but it appeared that Microsoft’s customers in the United States and at least several other countries had experienced issues.

Reference Sources

1. nytimesen - Microsoft Outage Takes Outlook and Teams Offline
2. yahooen - Microsoft working to fix nation-wide outages
3. dailymail - Outlook goes down across the US as Microsoft users report issues with the email service
4. newssky - Microsoft 'investigating issue' after users report problems with Outlook and Teams
5. usatoday - Are Microsoft 365 and Outlook down? Thousands report outage Monday morning

South Korea becomes first country to fill 10% of workforce with robots

South Korea has become the first country in the world to replace over 10% of its industrial workforce with robots, according to a new report. the country now has 1,102 robots per 10,000 employees, more than double the robot density of every other country ranked in the report, apart from Singapore, which has 770 robots per 10,000 employees.

The average robot density has more than doubled over the last seven years, increasing from 74 to 162 units per 10,000 employees.

South Korea has also introduced robots across other industries, with machines filling roles everywhere from hospitals to restaurants.

The Korean government has invested $2.4 billion into its robotics industry, which it sees as a way to address its shrinking Working-Age population brought about by low birth rates.

Reference Sources

1. independent - South Korea becomes first country to fill 10% of workforce with robots

The CommonWealth English daily news digest is a service curated by CommonWealth English team with the help of AI tools.

Have you read?

• Daily News Digest: The Rising Price of Paying the National Debt Is a Risk for Trump’s Promises on Growth and Inflation

Uploaded by Ian Haung