Trump administration’s deal is structured to prevent Intel from selling foundry unit
The deal allows the U.S. to take more equity in Intel if the company doesn’t retain at least 51% ownership in its foundry business.
Government & Policy
US manufacturing investment stumbles as clean tech cancellations pile up
Companies canceled $5 billion worth of clean tech manufacturing projects in the U.S. in Q2, mirroring a pullback in the broader manufacturing sector.
Why the US government is not the savior Intel needs
Intel doesn’t need cash. Instead, the struggling semiconductor giant needs to figure out how to drum up interest for its foundry business.
Meta to spend tens of millions on pro-AI super PAC
Meta’s new PAC signals an intent to influence statewide elections, including the next governor’s race in 2026.
DOGE uploaded live copy of Social Security database to ‘vulnerable’ cloud server, says whistleblower
The Social Security Administration’s chief data officer has publicly blown the whistle, alleging DOGE put hundreds of millions of Social Security records at risk of compromise.
Not so fast: German court says Apple can’t call Watch carbon neutral
Apple’s carbon neutral claims are undermined by the short-term nature of carbon credits used to support them, the court said.
Tech founder throws hat in California governor’s race
A Bay Area tech founder, Ethan Agarwal, says he’s running for California governor.
Silicon Valley is pouring millions into pro-AI PACs to sway midterms
The new pro-AI super-PAC network dubbed Leading the Future aims to use campaign donations and digital ads to advocate for favorable AI regulation and oppose candidates that the group thinks will stifle the industry.
Bluesky blocks service in Mississippi over age assurance law
In a blog post published on Friday, the company explains that, as a small team, it doesn’t have the resources to make the substantial technical changes this type of law would require, and it raised concerns about the law’s broad scope and privacy implications.
Former Meta exec Nick Clegg offers careful criticism of ‘cloyingly conformist’ Silicon Valley
Meta’s former policy chief Nick Clegg seems to be walking a tightrope as he promotes his upcoming book, “How to Save the Internet.”