Friday, July 26, 2024

The US Commerce Department says it signed a nonbinding preliminary agreement with Amkor for a CHIPS Act award consisting of $400M in grants and $200M in loans (Amy Edelen/Phoenix Business Journal)

Amy Edelen / Phoenix Business Journal:
The US Commerce Department says it signed a nonbinding preliminary agreement with Amkor for a CHIPS Act award consisting of $400M in grants and $200M in loans  —  Facility expected to create 2,000 jobs when in full operation within three years  —  The U.S. will award Amkor Technology Inc. $600 million …



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Swiss Re: global premiums for insuring data centers will likely reach $20B-$30B/year by 2030; ~40% of US data-center capacity is located in tornado-prone areas (Jean Eaglesham/Wall Street Journal)

Jean Eaglesham / Wall Street Journal : Swiss Re: global premiums for insuring data centers will likely reach $20B-$30B/year by 2030; ~40%...