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Intel Reportedly Close to Receiving $3.5 Billion Investment for US Military Chip Solutions

The US government is reported to be preparing a very healthy $3.5 billion investment in Intel Corporation—a mid-week published Bloomberg article proposes that the White House has authored a new "fast-moving spending bill." Congressional aides believe that Team Blue—upon official approval/signing off of funds—will be tasked with the production of advanced semiconductors for military and intelligence programs. Bloomberg posits that the resources will be sourced from a "Secure Enclave" project, seemingly linking to a wider tranche of funds within the US government's CHIPS and Science Act. The agreement/contract is expected to run over a period of three years. According to Bloomberg: "the Senate is expected to pass the legislation by a Saturday (March 9) deadline."

Reports from last November suggested that Intel leadership and US government representatives had engaged in negotiations regarding funds for military and intelligence chip applications—the construction costs for new manufacturing facilities were estimated to be in the $3 billion to $4 billion range. A Commerce Department statement was submitted to Bloomberg, but they only commented on an overall $10 billion budget: "We are still reviewing the effect of the appropriations text on the program...(we look) forward to continuing to work with Congress on implementing the Chips and Science Act in a manner the promotes our economic and national security." TSMC, Micron and Samsung are expected to receive "multi-billion-dollar awards" in the near future—these multinational corporations will assist in a bolstering of North American chip manufacturing capabilities.

US House of Representatives Confirms Senate's Privacy Stance on ISPs

Only yesterday, the United States' House of Representatives carried the US Senate's joint resolution to eliminate broadband privacy rules. These rules, which are now seemingly on their way to political oblivion, would have required ISPs to get consumers' explicit consent before selling or sharing Web browsing data and other private information with advertisers and other companies. Much like last week's Senate joint resolution, the House's voting fell mainly along partisan lines (215 for, 205 against, with 15 Republican and 190 Democratic representatives voting against the repeal) to scrap the proposed FCC rules.

President Trump's desk (and the President himself) are now all that stand before the ISP's ability to collect geo-location data, financial and health information, children's information, Social Security numbers, Web browsing history, app usage history, and the content of communications - information that gives the most unthinkable leeway in understanding your daily habits. However, President Trump's administration have issued a statement whereas they "strongly support House passage of S.J.Res. 34, which would nullify the Federal Communications Commission's final rule titled "Protecting the Privacy of Customers of Broadband and Other Telecommunication Services".

Invading Subscriber Privacy - Senate Says ISPs Can Now Sell Your Data

The US Senate on Thursday passed a joint resolution to eliminate broadband privacy rules that would have required ISPs to get consumers' explicit consent before selling or sharing Web browsing data and other private information with advertisers and other companies. This win was pulled by a hair - 48 Nay against 50 Yea - and went entirely through party lines, with Republicans voting Yea, and the Democrats voting Nay. The effects won't be immediate, mind you - the measure will have to pass the House and then be signed by President Donald Trump before it can become law.
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Nov 19th, 2024 02:18 EST change timezone

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