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“Proposed: $8.5 Billion Allocated by White House to Support Intel’s Onshore Chip Production”

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The CHIPS Act can be seen as a direct result of a number of pressing geopolitical issues. The above, coupled with long-standing efforts to revitalize U.S. industry, spurred on economic efforts to reshore manufacturing. While the CHIPS Act was still winding its way through Capitol Hill, Intel announced plans to open a $10 billion manufacturing facility just outside of Columbus, Ohio. It says it expects those efforts will create 20,000 construction and 10,000 manufacturing jobs — music to the ears of an administration keenly focused on monthly jobs reports. Notably, Intel recently pushed back the manufacturing start date of its New Albany, Ohio, plant two years to 2027, citing changes to the business environment.

FTC Aims to Bolster COPPA, Eliminating Tech’s Ability to Monitor Children

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The FTC has proposed tightening up the rules protecting kids from the surveillance economy. The updated rules would require companies to get the OK from parents before sharing data with advertisers and prohibit holding onto data for nebulous “internal operations,” among other things. “After the FTC announced it was considering revisions to the COPPA Rule, we received more than 175,000 comments,” the agency noted in a news release. Better justification for “nudges,” like push notifications to get kids to open an app or stay online. The FTC rules will have to stand for a while to come.