Decentralized Autonomous Organizations (DAOs) came back into the news in 2021, generally falling into two categories: blockchain projects generally centered around the issuance of Ethereum-based tokens, and blockchain-powered crowdfunding ventures for investors. To say that DAOs got off to a rocky start would be something of an understatement. The original DAO, formed in 2016 under simply that name, lost more than $50 million dollars in Ethereum to hackers within a month of their formation, and for a time it seemed like the organization was just another crypto dead end—a place to lose money. But with the explosion of DeFi over
As the worldwide chip shortage persists, Intel said Friday that it's trying to build its way out of it. The chip giant announced plans for a new fab complex in Licking County, Ohio, near Columbus.
Intel committed $20 billion to the new facility, which Time had earlier reported would include a pair of fabs. Intel said Friday that there will be room for up to six separate chipmaking facilities, though they won't all be built out immediately. In a statement, Dr. Randhir Thakur, senior vice president and president of Intel Foundry Services, said that the new fabs will support Intel's angstrom-class fabs, including its new Intel 18A manufacturing process. Intel's new Ohio fab will be operational by 2025, Intel said, when the 18A process is expected to come on line.
Intel has fabs scattered all over the world—from Israel to Ireland—though the vast majority of the company's manufacturing has been in the United States at sites like Hillsboro, Oregon; Chandler, Arizona; and Rio Rancho, New Mexico. The new Ohio fab will build out the “Silicon Heartland,” adding an estimated 3,000 jobs to the region.
Intel chief executive Pat Gelsinger has referred to domestic chipmaking—as opposed to foundries in Taiwan and elsewhere—as both critical for the American economy and American security interests. Gelsinger has also criticized the U.S. government for not subsidizing American chipmaking, as other governments do. Though the United States Senate passed the CHIPS Act, authorizing up to $52 billion in federal funding for semiconductor production, it hasn't yet passed the U.S. House.
Intel's announcement, therefore, could be seen as pressure to force that measure along. “Ohio is an ideal location for Intel's U.S. expansion because of its access to top talent, robust existing infrastructure, and long history as a manufacturing powerhouse,” Gelsinger said in a statement. “The scope and pace of Intel's expansion in Ohio, however, will depend heavily on funding from the CHIPS Act.”
The new fab, however, is unlikely to directly alleviate the ongoing chip shortage, which has struck industries from the PC to cars, and is expected to last throughout much of 2022 according to fab giant TSMC. Intel's production from the Ohio fab would come online several years after the shortages are expected to alleviate.
Instead, Intel's new fab will be used both for its own manufacturing as well as part of its foundry services supplied to third parties. Intel said in 2021 that it expects to ship chips to Qualcomm and Amazon, among others.
[PRESS RELEASE – Please Read Disclaimer] NFTone, the world’s first multi-chain NFT marketplace for game content like fan art, concept arts, 3D models, and more, is now listed on WeFunder. The choice of the platform was not random since WeFunder is a well-known online hub where investors can support ambitious ideas. But NFTone is more […]
Crowdfunding has been around for some time now, and although it has been a hard time for some projects to gain funds, bitcoin could be the answer. Let’s look at the root of the troubles and how crypto could potentially address them. Related Reading | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop The In’s and Outs… Crowdfunding is a practice where you can donate money – including cryptocurrencies such as Bitcoin, Litecoin, and more cryptocurrencies – to projects, associations or people to develop ideas. It is a very powerful mechanism and tool for innovation and supporting social enterprises. Different platforms, such as Kickstarter and Indiegogo have not taken their foot off the brakes; the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions of dollars for thousands of causes, is ripe for development. Crypto crowdfunding has the potential to be a network that connects people and their ideas. Today, crowdfunding is dramatically narrowed by its reliance on legacy finance, which limits the vast majority of the world from accessing it. Although this is good in theory, and has worked thus far, the major issue is the reliance on the legacy financial infrastructure, that is not only costly but globally fragmented. BTC: Bitcoin bouncing back after hitting all time high in November 2021. | BTC:USD tradingview.com Most crowdfunding platforms are only found in 30 countries. To date, the costs of operating crowdfunding in this network are very high, due to the many mediating third parties involved. The average crowdfunding platform charges a 7% fee per successful project. Could crypto’s aggressive transaction fees beat out traditional competitors? Crowdfunding & Crypto: A Pair Of Aces… Many platforms have had a hard time with the tight reliance of legacy financial infrastructure; this has made some crowdfunding platforms move over to the “web 3.0” model. One big example is Kickstarter, who has decided to move from its reliance on Stripe to creating its own crowdfunding protocol on other blockchains. This may make sense for equity-based crowdfunding, which can enable the platform and it’s users to invest in new companies and their ideas. A prime example of these worlds coming together was just last year with Bitcoin Smiles, which raised roughly 1.8 BTC. Bitcoin Smiles was an initiative aiming to raise funds and provide free dental care to impoverished people living in rural areas of El Salvador. Another project that can be used as an example is Kivéclair, a development project that educates people about bitcoin in the Democratic Republic of the Congo. Although these are only few examples of early crowdfunding in crypto, these do provide a valid source and hope that bitcoin can still rally through its community of caring bulls and bears. Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think? Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.
Camardo to lead Company’s transition to a commercial-stage company CLEVELAND–(BUSINESS WIRE)–$ATHX #Athersys–Athersys, Inc. (Nasdaq: ATHX), an international, late-stage, regenerative medicine company, announced today the appointment of Daniel A. Camardo as the Company’s Chief Executive Officer, effective February 14, 2022. Mr. Camardo is a senior pharmaceutical and biotech executive with more than 25 years of commercial […]
DUBLIN–(BUSINESS WIRE)–The “Importing and Exporting of Hemp and CBD in the EU” report has been added to ResearchAndMarkets.com’s offering. The ... Read More
As the novel coronavirus epidemic continues to spread across the globe, WTR provides an updated look at measures that national IP offices have launched in response.
Car manufacturers generate revenue through vehicle sales and post-sale services. As newer business models such as mobility-as-a-service and vehicle-as-a-platform evolve, additional revenue streams are emerging. Whereas conventional businesses generate nearly 90% of revenue, over the next decade, this share is expected to shrink to about 70%. Vehicle-as-a-platform is relatively new with a below 1% share […]
