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The US government spent $19.5 billion to help Intel produce chips

Mar 22, 2024

Washington [US], March 22: According to Reuters, part of the funding will be used by Intel to build two new factories and modernize an existing factory. "We will bring advanced semiconductor manufacturing back to America after 40 years," Mr. Biden said during a visit to Intel's facility in Arizona.
US Secretary of Commerce Gina Raimondo said this is one of the largest investments in semiconductor manufacturing in the US. Washington hopes the US advanced chip market share will increase to 20% by 2030 through the subsidy program, from 0% currently.
Source: Thanh Nien Newspaper

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A New Year's Miracle: The Second Moscow Beauty Week to Take Place in the Russian Capital

Moscow [Russia], December 25: Moscow's Manege will host the second Moscow Beauty Week, from December 26 to 29 -- a large-scale exhibition bringing together residents, visitors, and industry professionals. This event not only immerses attendees in the festive spirit but also serves as a key platform for promoting Russian brands. It will be one of the flagship events of the "Winter in Moscow" project.

Dec 25, 2024