Connect with us

Southwest

Biden admin pledges $6.6B to ensure most advanced microchips are built in US

Published

on

Biden admin pledges .6B to ensure most advanced microchips are built in US

The Biden administration pledged on Monday to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the first time.

Commerce Secretary Gina Raimondo said the funding for Taiwan Semiconductor Manufacturing Co. means the company can expand on its existing plans for two facilities in Phoenix and add a third, newly announced production hub.

“These are the chips that underpin all artificial intelligence, and they are the chips that are the necessary components for the technologies that we need to underpin our economy,” Raimondo said on a call with reporters, adding that they were vital to the “21st century military and national security apparatus.”

US CAREFULLY MONITORS CHIP EXPORTS TO CHINA, DEEPENS INVESTMENTS IN PHILIPPINES

The funding is tied to a sweeping 2022 law that President Joe Biden has celebrated and which is designed to revive U.S. semiconductor manufacturing. Known as the CHIPS and Science Act, the $280 billion package is aimed at sharpening the U.S. edge in military technology and manufacturing while minimizing the kinds of supply disruptions that occurred in 2021, after the start of the coronavirus pandemic, when a shortage of chips stalled factory assembly lines and fueled inflation.

Advertisement

The Biden administration has promised tens of billions of dollars to support construction of U.S. chip foundries and reduce reliance on Asian suppliers, which Washington sees as a security weakness.

“Semiconductors – those tiny chips smaller than the tip of your finger – power everything from smartphones to cars to satellites and weapons systems,” Biden said in a statement. “TSMC’s renewed commitment to the United States, and its investment in Arizona represent a broader story for semiconductor manufacturing that’s made in America and with the strong support of America’s leading technology firms to build the products we rely on every day.”

Commerce Secretary Gina Raimondo attends an event in Bangkok, Thailand, on March 13, 2024. Raimondo emphasized the importance of microchips for technologies crucial to the economy after the Biden administration pledged on April 8, 2024, to provide billions in funding to ensure the world’s most advanced chips are produced domestically for the first time. (AP Photo/Sakchai Lalit, File)

Taiwan Semiconductor Manufacturing produces nearly all of the leading-edge microchips in the world and plans to eventually do so in the U.S.

It began construction of its first facility in Phoenix in 2021, and started work on a second hub last year, with the company increasing its total investment in both projects to $40 billion. The third facility should be producing microchips by the end of the decade and will see the company’s commitment increase to a total of $65 billion, Raimondo said.

Advertisement

The investments would put the U.S. on track to produce roughly 20% of the world’s leading-edge chips by 2030, and Raimondo said they should help create 6,000 manufacturing jobs and 20,000 construction jobs, as well as thousands of new positions more indirectly tied to assorted suppliers in chip-related industries tied to Arizona projects.

The potential incentives announced Monday include $50 million to help train the workforce in Arizona to be better equipped to work in the new facilities. Additionally, approximately $5 billion of proposed loans would be available through the CHIPS and Science Act.

“TSMC’s commitment to manufacture leading-edge chips in Arizona marks a new chapter for America’s semiconductor industry,” Lael Brainard, director of the White House National Economic Council, told reporters.

The announcement came as U.S. Treasury Secretary Janet Yellen is traveling in China. Senior administration officials were asked on the call with reporters if the Biden administration gave China a head’s up on the coming investment, given the delicate geopolitics surrounding Taiwan. The officials said only that their focus in making Monday’s announcement was solely on advancing U.S. manufacturing.

Advertisement

“We are thrilled by the progress of our Arizona site to date,” C.C. Wei, CEO of TSMC, said in a statement, “And are committed to its long-term success.”

Read the full article from Here

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Los Angeles, Ca

Arrest made in deadly shooting at 4th of July gathering in Compton; search for 2nd suspect continues

Published

on

Arrest made in deadly shooting at 4th of July gathering in Compton; search for 2nd suspect continues

Los Angeles County Sheriff Robert Luna gave an update Thursday on several shootings over the Fourth of July weekend that left three people dead and several others injured.

Police arrested Antoine Jones, a 50-year-old man from the Los Angeles area, who they believe is responsible for the murder of a 19-year-old woman and the attempted murder of two additional surviving female victims who were attending a large community block party in Compton.

On July 4 at approximately 11:40 p.m., deputies from the Compton station responded to an apartment complex on the 700 block of West Laurel Street following reports of multiple people being shot.

Meah Bordenave-Jenkins, a 19-year-old nursing student at the University of Nevada, Las Vegas, was killed when gunfire broke out at the party.

Meah Bordenave-Jenkins and Eric Washington are pictured in a Los Angeles Sheriff’s Department bulletin. (LASD)

Deputies located Bordenave-Jenkins and the two other women suffering from gunshot wounds outside of the apartment complex.

Advertisement

“While today’s announcement represents an important step towards justice for Meah and her family, our work is very far from being over,” said LASD Sheriff Robert Luna.

The LASD is also seeking the public’s help in identifying those responsible for the murder of Eric Washington, 37, a beloved community activist and former government staffer, and the attempted murder of another surviving man injured that same night at the same party.

Washington was reportedly killed while trying to deescalate a conflict at the party, his family said. Deputies found victim Washington suffering from a gunshot wound inside the complex.

Investigators later learned that another man had also been shot at some point during the incident.

Bordenave-Jenkins and Washington both died from their injuries. The remaining victims, two women and a man, sustained non-life-threatening injuries and have been released from the hospital. They have not been identified by police.

Advertisement

Detectives determined the two shootings happened moments apart at the party but appear to be separate and unrelated.

  • 2 dead, 3 injured at Compton July 4 celebration
  • Compton fatal shooting
  • Compton fatal shooting
  • Compton fatal shooting
  • Compton fatal shooting
  • Compton fatal shooting
  • Compton fatal shooting
  • Compton fatal shooting
  • Compton fatal shooting
  • 2 dead, 3 injured at Compton July 4 celebration
  • 2 dead, 3 injured at Compton July 4 celebration
  • 2 dead, 3 injured at Compton July 4 celebration
  • 2 dead, 3 injured at Compton July 4 celebration
  • 2 dead, 3 injured at Compton July 4 celebration
  • 2 dead, 3 injured at Compton July 4 celebration
  • 2 dead, 3 injured at Compton July 4 celebration

Detectives identified Jones as the suspect responsible for Bordenave-Jenkins’ death and the attempted murder of the two surviving women. Authorities located Jones on July 14 in Los Angeles and took him into custody.

The LASD is still searching for the suspect or suspects responsible for the murder of Washington and the attempted murder of the surviving male victim.

“Although today’s arrest is significant, this investigation remains extremely active,” Luna said.

“There were hundreds of people at this gathering,” Luna said. “Somebody knows, somebody saw or somebody heard what happened.”

The LASD also announced they’re searching for a suspect in a separate shooting at a different Fourth of July gathering that occurred in the early morning of July 5.

Advertisement

At approximately 12:10 a.m., Compton deputies responded to the 2100 block of North Grandee Avenue, where they located a 30-year-old victim, Thaddeus Clark, and a second victim suffering from gunshot wounds at the gathering.

Clark, a father of three, did not survive his injuries, Luna said.

The LASD is urging anyone with information about Clark’s murder and the attempted murder of the surviving victim to contact the LASD Homicide Bureau.

Although these shooting incidents occurred at gatherings less than an hour apart, investigators found no evidence that the two were connected, Luna said.

Luna also announced three suspects have been arrested in connection with a shooting in East L.A. on July 5. It happened as crowds crossed the intersection near Whittier Boulevard and Leonard Avenue during a World Cup match.

Advertisement

Four people were hit by gunfire, including two men, one woman and a boy. None of the injuries were life-threatening.

The sheriff said the alleged shooter, a 15-year-old known gang member, was arrested. Two female suspects, ages 21 and 38, have been arrested in the Lancaster and Palmdale areas for their alleged roles in luring the primary victim to the location and assisting the shooting suspect in evading arrest.

They’re all facing four counts of attempted murder.

Advertisement
Continue Reading

Los Angeles, Ca

Water main break floods West Hollywood streets, traps cars

Published

on

Water main break floods West Hollywood streets, traps cars

A broken water main sent water gushing from an apartment building and turned nearby streets into rivers in West Hollywood early Thursday morning. The break was reported around 3 a.m. near Holloway Drive and Sunset Boulevard. “It’s a rupture of one of the significant mains that goes through here. West Hollywood, as it turns out, […]

Continue Reading

Los Angeles, Ca

Remains of murder victim identified as missing Southern California millionaire 

Published

on

Remains of murder victim identified as missing Southern California millionaire 

After more than four decades, the remains of a woman who was found buried in the mountains of Riverside County were identified as a multi-millionaire who went missing in 1981.

The body of Thelma Gaston was discovered by a person gathering firewood in a mountainous area near Sugar Loaf Mountain and the Pinyon Crest community on Nov. 28, 1981.

After experiencing a series of heartbreaking life events, including the death of her husband and her 32-year-old son in the same year in 1957, Gaston continued forging ahead, focusing on her business of buying repossessed properties and selling them. 

By 1980, she had amassed a fortune estimated to be over $20 million, SFGATE reported.

Advertisement

On June 28, 1981, a note was left on the front door of her home near Century City, saying she was out searching for her cat. However, she never returned home and her loved ones did not hear from her.

By then, Gaston was 80 years old. As Los Angeles Police Department detectives investigated her disappearance, they discovered a younger man, Lawrence Remsen, then 39, had recently entered her life and was the woman’s romantic companion, SFGATE reported.

At one point, the woman’s friends said Gaston had wondered about Remsen’s motives in being with her.

Police eventually found letters and documents reportedly signed by Gaston that gave Remsen power of attorney. Another letter allegedly written by the woman claimed she had run away “to have some fun in life.” However, her friends said the move was completely out of character.

Detectives later confirmed the letters were certified with a stolen notary stamp and her signatures were believed to be forged. 

Advertisement

Remsen had tried selling some of Gaston’s properties and attempted to withdraw more than $100,000 from her bank accounts. Remsen eventually fled the Southern California area.

A few months later, he was arrested by border agents when he tried to enter the U.S. from Mexico. He was charged with Gaston’s murder even though the woman’s body had not been found.

During a trial hearing, Remsen later claimed he found the woman dead of natural causes in her home and, attempting to take her fortune, had disposed of her body in the ocean.

The judge disagreed and later ruled that Remsen had killed the woman “intentionally and with malice.” He was convicted of murder and sentenced to life in prison.

Gaston’s body was later discovered buried in a shallow grave in the mountains. However, due to the poor condition of the remains, investigators were unable to narrow down an identity.

Advertisement

A breakthrough occurred in 2022 when the Riverside County Sheriff’s Coroner’s Bureau received new funding to reexamine long-standing unidentified cases. 

“Combined with significant advances in forensic science, this funding opened new avenues for identification,” the sheriff’s office said.

In May 2026, utilizing investigative genetic genealogy and dental records, the remains were positively identified as Gaston’s.

“The Riverside Sheriff’s Coroner’s Bureau extends its sincere appreciation to everyone whose dedication, expertise, and perseverance made this identification possible,” officials said in a statement. “Together, these efforts have ensured that Ms. Gaston has her name—and her story—returned to her.”

Remsen, who is now 83 years old, continues serving his life sentence at the California Institution for Men in Chino.

Advertisement
Continue Reading
Advertisement

Trending