Italy plans $1.5 billion SpaceX telecom security services
Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the nation’s government — the largest such project in Europe, people with knowledge of the matter said Sunday. Discussions are ongoing, and a final agreement on the five-year contract hasn’t been reached, said the people, who asked not to be identified citing confidential discussions. The project has already been approved by Italy’s Intelligence Services as well as Italy’s Defense Ministry, they said. The negotiations, which had stalled until recently, appeared to move forward after Italian Prime Minister Giorgia visited President-elect Donald Trump in Florida on Saturday.
The AI value chain
Source: Oguz O. | 𝕏 Capitalist
With just 2 trading days left in 2024 here's a full heat map of the NASDAQ 100's $QQQ performance so far this year.
Source: Evan @StockMKTNewz
Phones used 20 years ago.
Source: Jon Erlichman @JonErlichman
As mentioned by Michel A. Arouet on X: If it wasn’t so sad, it would be quite funny
Source: Michel A. Arouet on X
Which countries are putting tariffs on China tech ?
Source: Visual Capitalist
Is Apple ringing the doorbell of smart home innovation?
According to Bloomberg, Apple might be working on a smart doorbell featuring its renowned FaceID technology. The concept? As you approach the door, the doorbell scans your face, communicates with a connected deadbolt lock, and unlocks seamlessly for residents. While still in early development and not expected before late 2025, the product could either integrate with HomeKit-compatible locks or involve a partnership with a specific lock maker. This move could position Apple as a competitor to Amazon's Ring, but also exposes the brand to unique challenges. For instance, concerns around security breaches or misuse of the system could spark debates on privacy and reliability. source : techcrunch
DOC finalizes $7 billion in semiconductor awards
The US Department of Commerce on Friday announced its awards for Samsung, Texas Instruments and Amkor Technology under the CHIPS Incentives Program, which come to more than $6.75 billion altogether. The program is meant to help expand domestic semiconductor production. Samsung was awarded up to $4.745 billion in direct funding — a smaller amount than the preliminary award of up to $6.4 billion that was announced earlier this year — while Texas Instruments was granted up to $1.61 billion and Amkor up to $407 million. Samsung plans to invest $37 billion over the next few years to ramp up chip development and production in the US, the DOC said. The company will expand its operations in Texas to include two new production facilities and a site for research and development. It also plans to expand an existing facility in Austin. Texas Instruments is working to build three new facilities — two in Texas and one in Utah — which it’s said it will invest over $18 billion in through 2029. Amkor is planning a $2 billion investment to create an advanced packaging and test facility in Peoria, Arizona. According to Reuters, it’ll be the country’s largest facility of its kind. source : engaget
