Ericsson has announced an additional $50 million investment in its USA 5G Smart Factory in Lewisville, Texas, adding to an initial $100 million invested in 2020. This expansion aims to increase local production to meet the rising demand for US-made 5G infrastructure, aligning with the Build America Buy America Act (BABAA).
In a collaborative effort, Microsoft and US President Joe Biden have revealed plans to construct a $3.3 billion data center in Mount Pleasant, Wisconsin. This initiative aims to bolster technological infrastructure, fostering the development and deployment of advanced cloud services and AI applications for companies across Wisconsin and its neighboring regions.
The US government has unveiled plans this week to establish a new institute dedicated to advancing digital twin technology for the semiconductor industry. Through the CHIPS Manufacturing USA initiative, companies are invited to submit proposals to operate this institute, with the selected applicant set to receive up to $285 million in funding.
Cummins Inc, a global leader in manufacturing heavy-duty truck engines, has sealed a groundbreaking deal with Verizon Business to introduce cutting-edge wireless networks at its Jamestown Engine Plant (JEP) in Lakewood, NY. The collaboration entails the deployment of Verizon’s innovative Neutral Host Network alongside a Private 5G Network within the premises of JEP, aiming to cater to both public and private connectivity needs.
The US government has taken a significant step by revoking specific licenses that allow American chip manufacturers to export goods to Huawei, the Chinese tech giant. This action will notably reduce the sales of major chip producers like Intel and Qualcomm to China.
UK-based autonomous vehicle startup Wayve has announced a significant investment of $1.05 billion aimed at advancing its development of self-driving cars powered by artificial intelligence (AI). The funding round was led by SoftBank, a Japanese multinational conglomerate, with substantial contributions from tech giants Nvidia and Microsoft.
Apple is venturing into the realm of artificial intelligence (AI) processing chips for data centers, as reported by the Wall Street Journal. This move positions Apple in direct competition with industry peers like Google and Amazon, which have already heavily invested in AI chip technology.
President Yoon Suk Yeol recently detailed South Korea’s aggressive moves to establish its supremacy in the global semiconductor sector, including a staggering $6.94 billion commitment to AI by 2027. Amid fierce competition, South Korea’s largest telecom firm, SK Telecom, is paralleling governmental efforts with its own investment in AI firms.
China’s telecommunication landscape is set for a potential paradigm shift as the Ministry of Industry and Information Technology (MIIT) pilots a novel scheme to alleviate foreign ownership constraints in various value-added telecom services. Primarily trialed in Beijing, Shanghai, Hainan, and Shenzhen, this bold change could stimulate innovation by aligning these industries with global trade norms.
With a hefty $6.6 billion subsidy by the U.S. government, Taiwan Semiconductor Manufacturing Co (TSMC) embarks on an unprecedented development in semiconductor industry. This boost is not only expected to foster job creation with an estimate of up to 6,000 high-tech positions but also promises to democratize access to advanced technologies.
