Friday, August 9, 2024

A look at the US' Chips and Science Act two years after its enactment on August 9, 2022, as the Biden administration nearly finishes divvying up $39B in grants (Mackenzie Hawkins/Bloomberg)

Mackenzie Hawkins / Bloomberg:
A look at the US' Chips and Science Act two years after its enactment on August 9, 2022, as the Biden administration nearly finishes divvying up $39B in grants  —  The Chips Program Office is tasked with overseeing one of the most ambitious manufacturing comebacks in US history



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...