The Biden Administration’s ambitious $2 trillion infrastructure plan injects considerable capital into US chip production, with the aim of bolstering national security and reducing reliance on foreign manufacturers. Last year, the US produced only 12% of the world’s chips, highlighting a dependency on international manufacturers, primarily in Asia. Intel emerges as a key beneficiary of this investment, declaring over $43.5 billion towards manufacturing units across the US. Yet, for some companies, the journey remains fraught with caution as they await the federal funding.
According to Bloomberg analyst Mark Gurman, Apple has some exciting developments in the pipeline, including the potential release of an independent display and new features for the future AirPods. Gurman suggests that the upcoming monitor could serve as a smart home display when not actively used.