Joe Biden set to rain subsidy windfall on Samsung, Intel, TSMC and others, for chips: Report | Tech News

Joe Biden set to rain subsidy windfall on Samsung, Intel, TSMC and others, for chips: Report

According to a WSJ report, US president Joe Biden will soon announce subsidies to Samsung, Intel, TSMC and others to make advanced chips in the US.

By: HT TECH
| Updated on: Jan 28 2024, 14:37 IST
Taylor Swift, Joe Biden others hit by deepfakes! Know 5 ways to protect yourself
Joe Biden
1/7 Deepfakes, generated by artificial intelligence (AI) tools, have surged on social media, impacting everyone from high-profile figures to the common people, heightening concerns about manipulated media. Incidents include Taylor Swift deepfake video, President Joe Biden robocalls, and videos depicting deceased children- all products of advanced AI technology that pose new challenges to law enforcement authorities. (AP)
image caption
2/7 Deepfake Risks and Challenges: While deceptive audio and visuals produced by AI are not new, recent advancements have made them more accessible and harder to detect. The wave of highly publicized incidents in early 2024 has intensified worries among both lawmakers and the general public about the potential misuse of this technology. (AFP)
image caption
3/7 What are Deepfakes?: Deepfakes are AI-generated videos or audio clips that portray individuals saying or doing things they never did. This creates opportunities for identity theft and misinformation. Cybercriminals can exploit deepfakes to defame individuals and commit fraud, posing a serious threat to personal security and privacy. (AFP)
image caption
4/7 How to Protect Yourself from Deepfakes:  To safeguard against the potential harm of deepfakes, it is crucial to adopt proactive measures. Limit the personal information you share online, particularly high-quality photos and videos that could be exploited for deepfake creation. Adjust social media settings to control who can access your content, and be selective in accepting friend or follower requests. (Pexels)
image caption
5/7 Enhance Privacy Settings: Take advantage of websites privacy settings to restrict access to your personal information and sensitive content. By reducing publicly available material, you limit the resources available to potential deepfake creators. Securing your digital footprint is an essential step in protecting against malicious use of AI-generated content. (Pexels)
image caption
6/7 Stay Informed and Vigilant: Given the rapid evolution of AI, staying informed about the latest developments is essential for recognizing potential red flags in suspicious content. While not necessary to become an expert, general knowledge about AI and deepfakes can contribute to improved vigilance in navigating online spaces. (Pexels)
image caption
7/7 If you encounter deepfake content involving you or someone you know, report it to the platform hosting the content. This aids in removal or investigation, limiting its reach. Additionally, if you fall victim to a deepfake that damages your reputation, consult with cybersecurity and data privacy legal experts. Advocate for legal measures to address the evolving challenges posed by deepfakes and ensure a safer digital environment. (Pexels)
Joe Biden
View all Images
US President Joe Biden is set to announce subsidies for semiconductor companies like Samsung, Intel, and TSMC to boost chip manufacturing in the US and stay ahead of rivals like China. (AFP)

According to a Wall Street Journal report, US President Joe Biden will soon announce subsidies top semiconductor companies like Samsung, Intel, TSMC (Taiwan Semiconductor Manufacturing Co) and others to make advanced chips in the US. The strategy is to keep the US and its allies as ahead of fierce rivals like China as is possible. 

The windfall is expected to be in the billions of dollars and it will be announced in coming weeks and this will be to help them build new factories in the U.S.

The forthcoming announcements aim to kick-start manufacturing of advanced semiconductors that power smartphones, artificial intelligence, and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations.

The announcement is expected to come before President Biden's State of the Union address on March 7, WSJ reports.

Where things stand

Among the companies likely to get subsidies is Intel and it has projects underway in Arizona, Ohio, New Mexico, and Oregon that will cost more than $43.5 billion, the WSJ said. 

Taiwan's TSMC has as many as two plants underway near Phoenix and its total investment is expected to be $40 billion. 

Samsung too is a likelly recipient of the subsidy and it has a $17.3 billion project in Texas.

Micron Technology, Texas Instruments, and GlobalFoundries count among other top contenders, WSJ added citing industry executives.

“This is a merit-based process with tough commercial negotiations — CHIPS awards will be entirely dependent upon which projects will advance US economic and national security,” a U.S. Department of Commerce spokesperson told Reuters. 

In December last year, U.S. Commerce Secretary Gina Raimondo said she would make around a dozen funding awards for semiconductor chips within the next year, including multi-billion dollar announcements that could drastically reshape U.S. chip production, Reuters reported.

The first award was announced in December, of over $35 million to a BAE Systems facility in Hampshire to produce chips for fighter planes, part of a $39 billion "Chips for America" subsidy program approved by the U.S. Congress in 2022.

Also read these top stories today.

Policing X! Elon Musk's X, the company formerly known as Twitter, is planning to build a new “Trust and Safety center of excellence” to help enforce its content and safety rules. Know what it is all about here. If you enjoyed reading this article, please forward it to your friends and family.

AI-Generated apocalypse? Here are the top risks from technology that we'll be facing by the year 2040 - AI rivalry, GenAI, and invisible cyber attacks. Dive in here. Found it interesting? Go on, and share it with everyone you know.

Bad Apple? From early March, developers will be able to offer alternative app stores on iPhones and opt out of using Apple's in-app payment system, which charges commissions of up to 30%, under the bloc's new rules. However, Spotify is not happy with the changes. Check it all out here

Follow HT Tech for the latest tech news and reviews , also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 28 Jan, 11:48 IST
NEXT ARTICLE BEGINS