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Economic calendar in Asia - Japan CPI dayCLEVELAND, Ohio – As construction on two Intel microchip plants continues east of Columbus, questions swirl around the storied company’s faltering business plan and whether its Ohio project is at risk. The most recent eyebrow-raising development was the Dec. 1 retirement of Intel CEO, Pat Gelsinger, who had been the driving force behind the strategy to grow the company’s manufacturing capacity by adding fabrication lines in the United States and Europe. As part of Gelsinger’s strategy, Intel announced in early 2022 that it would invest at least $20 billion in the Ohio plants, which have already been delayed and are not expected to be operational until at least 2027. The company also is building plants in Arizona and expanding operations in New Mexico and Oregon, although it said earlier this year that it was pausing a related project in Germany. But if fabrication expansion is still the plan, one must wonder why the company got rid of Gelsinger, who was “effectively fired,” said Stacy Rasgon, a senior stock analyst with Bernstein Research who tracks the semiconductor industry. Rasgon elaborated on that uncertainty in a report to clients shortly after Gelsinger’s departure was announced. “The choice for any new CEO would seem to center on what to do with the fabs,” Rasgon wrote. “But while keeping them feels like deadweight (and a continuation of the strategy that got Pat out), scrapping them would also be fraught with difficulties around the product roadmap, outsourcing strategy, CHIPS act and political navigation etc. There don’t seem to be any easy answers here, so whoever winds up filling the slot looks in for a tough ride.” As for the Ohio plants, “I think their future is in limbo,” Rasgon said. Other Intel watchers also aren’t sure what to think about the company’s future plans. Asked if it makes business sense for Intel to be in the foundry business – making chips for others – Ross Seymore, a semiconductor analyst with Deutsche Bank, said, “That’s a great question. That’s the $64,000 question.” As of today, Intel’s commitment to Ohio remains unchanged, he said, but whether that holds true will be up to the new CEO. The semiconductor industry would like to have more competition at the leading edge of manufacturing, Seymore said. At the same time, the federal government would like that increased capacity to be constructed in the United States for security reasons. Intel is one of the few companies, along with Taiwan-based TSMC and South Korea-based Samsung, that can satisfy both of those desires, he said. Like Intel, TSMC and Samsung are also in line for CHIPS Act money to expand in the United States. In recent years, Intel has been losing ground to its competitors, as evidenced by a 60% drop in its stock price during Gelsinger’s tenure, which began in early 2021. The company has suffered through a series of poor leaders, Rasgon said, as well as missing crucial market shifts over the years, including the move to mobile devices and more recently to AI. As for the latest iteration of Intel’s processing technology, which would be counted on to drive business to its fabs, it has yet to generate much demand. Earlier this year, the company talked about expecting $40 billion in foundry revenues by 2030 of which $15 billion would be from fabricating other companies’ chips, Rasgon said, adding sarcastically, “Good luck with that.” Federal support Intel does have federal support for its expansion plans, although it’s not that much money relative to the massive costs associated with building new chip plants, Rasgon said. Just before Thanksgiving, the Biden administration finalized its CHIPS Act grant of $7.8 billion to Intel, including $1.5 billion f or the Ohio project. The federal government also has awarded Intel a $3 billion contract to make chips for defense purposes. The grant money does not seem to be in doubt, despite President-elect Donald Trump’s stated displeasure with the CHIPS Act, as it would be hard to claw back the money, said Ned Hill, professor emeritus of economic development at Ohio State and Cleveland State universities. Congress has already appropriated the money and the contracts have been signed and the money committed, he said. But there are numerous conditions Intel must meet along the way to continue receiving the funds from the government. The release of the CHIPS Act money is one reason that the administration of Ohio Gov. Mike DeWine is optimistic the plants will move along as planned. “Billions of dollars have been invested at the Ohio One site in Licking County, including multiple loads of equipment coming north from the Ohio River to the site,” read a joint statement from DeWine and Lt. Gov. Jon Husted after Gelsinger departed. “Now that the CHIPS Act funding has been announced, we anticipate the project will continue to move ahead quickly.” Progress so far bodes well for their future, said Dan Tierney, spokesman DeWine, whose administration has pledged $2 billion in various incentives to assist Intel. “In discussion with Intel, they continue to talk about moving forward with the project,” Tierney said. A call to an Intel spokesman was not returned. A lot of speculation Hill, the OSU professor, is not sure anybody beyond the company really knows how Intel’s planned expansion in Licking County will play out. “The honest answer is that anything you hear is going to have a high degree of speculation because it’s pretty clear that the board doesn’t know what it wants to do,” he said. He said it’s uncertain whether Intel wants to both design and produce its own chips, and operate a foundry business to make chips for others. “And it seems to be one of the reasons (Gelsinger) was let go,” he said, “because it ate so much cash.”. Hill does expect, in one form or another, that the two plants under construction in Ohio will be built. He said one of the attractions of the Ohio site is its proximity to customers such as Wright-Patterson Air Force Base in Dayton, where a lot of defense related work goes on, and the U.S. auto industry’s research and development facilities in southeastern Michigan and Marysville, Ohio. But the strongest argument in favor of the plants, he said, is that they are partially completed and most of the equipment has been ordered “and they’re on the hook for it.” If Intel wanted out, a competitor could buy what’s already there at a discount and give it a cheap entre into the market. Plus, if Intel stays in the business, odds are the Ohio plants will be among those to survive because they would be more modern, he said. Adding to the speculation is the possibility that Intel could spin off its foundry business into a wholly owned subsidiary or a closely related, but separate company, which would have its own board of directors. “At the highest of levels, that is the largest decision,” Seymore said.

According to Bowen Yang , Sydney Sweeney was “game” for anything during her March 2024 viral “ SNL ” hosting gig. Yang said during First We Feast’s “Hot Ones” that he at first was concerned about the “Bowen Straight” sketch needing an intimacy coordinator. The skit has Sweeney finding out Yang is straight, and then having an affair with the openly queer cast member. Yet Sweeney assured Yang that “ Euphoria ” more than prepared her for their onscreen “SNL” intimate scene. “Pitching ‘Bowen Straight’ to Sydney Sweeney was really fun,” Yang said. “I just remember being like, ‘We’re going to need an intimacy coordinator for this and it’s going to be completely up to your comfort,’ and then she was like ‘Bowen, I’m on “Euphoria,” it’s not going to be anything.’ So that was really fun and she was so game for it and she was wonderful.” Sweeney will reprise her role of Cassie for “Euphoria” Season 3. Sweeney previously told Who What Wear that she is looking forward to returning to the series after a hiatus. “I actually like [the delay] because there’s so much room for growth for both me as a person and also Cassie as a character,” Sweeney said, while teasing of the upcoming storyline, “It’s going to be very, very wild.” “Euphoria” Season 3 will now go into production in January 2025 and consist of eight episodes. Meanwhile, Sweeney is also portraying boxer Christy Martin in David Michôd’s biopic, appears in Ron Howard’s “Eden,” and will transform into Kim Novak for Colman Domingo’s directorial debut “Scandalous” about the alleged romance between Novak and Sammy Davis Jr. Sweeney told Vanity Fair that her “SNL” monologue mocking her pinup appeal was part of her political statement about the faux feminism of Hollywood. “I actually had to push for a lot of it ,” she said of the monologue. “Some people were a little nervous about it, but in real life, I’d like to say I’m a funny person. And sometimes I wish that I could address more [things with] my ‘Syd’ self, but I find that with social media there’s such a lapse in how things are communicated. It’s hard to get things across in the way that you intend to — they can be misconstrued. So being able to do it onstage in very Syd fashion, I loved it. I felt like I was taking the power back.”

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But the City boss has vowed to stay on and lift the club back to the top even if they are sent all the way down to the National League. Guardiola ended speculation over his immediate future this week by extending his contract, which had been due to expire at the end of the season, through to the summer of 2027. That has given the club some stability at a time of great uncertainty as they fight 115 charges related to alleged breaches of the Premier League’s financial regulations. City have denied all wrongdoing but their punishment if found guilty could be severe, with demotion even a possibility. Guardiola has strongly defended the club in the past and is happy to continue doing so. The Spaniard said: “I don’t enjoy it, I prefer not to be in that position, but once it’s there I love it because, when you believe in your club, and the people there – I believe what they say to me and the reasons why. “I cannot say yet because we’re awaiting the sentence in February or March – I don’t know when – but at the same time, I like it. “I read something about the situation and how you need to be relegated immediately. Seventy-five per cent of the clubs want it, because I know what they do behind the scenes and this sort of stuff. “I said when all the clubs accused us of doing something wrong, (and people asked) what happens if we are relegated, (I said) I will be here. “Next year, I don’t know the position of the Conference they are going to (put) us, (but) we are going to come up and come up and come back to the Premier League. I knew it then and I feel it now.” The immediate priority for Guardiola, who said his contract negotiations were completed in “just two hours”, is to arrest a run of four successive defeats in all competitions. Yet, ahead of their return to action against Tottenham at the Etihad Stadium on Saturday, the champions continue to grapple with a lengthy injury list. Mateo Kovacic is their latest casualty after sustaining a knock on international duty that could keep him out for up to a month. On the positive side, defenders Nathan Ake, John Stones and Manuel Akanji could feature and Jack Grealish is also closing in on a return after a month out. Much to Guardiola’s frustration, Grealish was called up by England for their recent Nations League games, although he later withdrew. Guardiola said: “I want the best for Jack and I want the best for Jack with the national team but the doctor said to me that he was not ready to play. “I know (England) want him but they have 200 players to select from and Jack was not fit. He had to recover from many things.” Kyle Walker played for England against both Greece and the Republic of Ireland despite limited game time since suffering injury in the October international break. Guardiola said: “If he is fit I like him to play in the national team. It is not a problem, don’t misunderstand me. “Kyle has a dream to make 100 caps for the national team. Do I want to cancel this dream? Absolutely not. “But if you are not fit, if you cannot play here, you cannot play for the national team. It is quite obvious.”CEO killing highlights security challenges

Mexican Congress Moves to Ban E-Cigarettes and Crackdown on FentanylThe Cowboys' season spiraled out of control in recent weeks, but an upset win over the Commanders on Sunday breathed some life back into a struggling locker room. Are the playoffs still on the table? Dallas is just days away from a Thanksgiving matchup with the flailing Giants, who fell to 2-9 with a listless loss to the Buccaneers on Sunday. Mike McCarthy's team has a chance to build some momentum, but the question is whether it's too late to mean anything. The Cowboys have already exceeded their total number of losses from last season, but Jerry Jones has shied away from major changes in hopes the group can coalesce even with QB Dak Prescott out for the season — and it might be starting to pay dividends. Here's a look at where the Cowboys stand in the NFC playoff picture after their win over the Commanders. NFL HQ: Live NFL scores | Updated NFL standings | Full NFL schedule NFC wild-card standings Standings through early window of games on Nov. 24. Seed Team Record WC1 Vikings 9-2 WC2 Packers 7-3 WC3 Commanders 7-5 8 Rams 5-5 9 Seahawks 5-5 10 49ers 5-5 11 Buccaneers 5-6 12 Saints 4-7 13 Bears 4-7 14 Cowboys 4-7 15 Panthers 3-8 16 Giants 2-9 The Cowboys are still alive despite sitting in the NFC's No. 14 seed, as they only trail the Commanders by 2.5 games in the race for the conference's final wild-card spot. The standings will tell you the path to the playoffs isn't as simple as catching Washington, though. The Cowboys have six more teams between them and the Commanders, and they only play one of them again this season. That means Dallas merely staying in contention is going to require some help. No team has earned a wild-card spot with a losing record since the format expanded to seven playoff teams in each conference, so the Cowboys are highly unlikely to reach the playoffs if they lose two more games. Even then, they would still have a difficult path if they even lost one game the rest of the way. NFC East standings Standings through early window of games on Nov. 24. Rank Team Record 1 Eagles 8-2 2 Commanders 7-5 3 Cowboys 4-7 4 Giants 2-9 MORE: Ranking the top NFL rookies so far in 2024 The Cowboys aren't eliminated from NFC East contention yet, but their path forward requires a miraculous run and some help. Even in the case of an Eagles loss on Sunday night, Dallas would still be four games back with six remaining. That doesn't make it impossible to catch up, but it would take quite a collapse from Philadelphia in addition to a win streak of their own with Cooper Rush at quarterback. Cowboys remaining schedule Week Date Matchup Time (ET) 13 Nov. 28 vs. Giants 4:30 p.m. 14 Dec. 9 vs. Bengals 8:15 p.m. 15 Dec. 15 at Panthers 1 p.m. 16 Dec. 22 vs. Buccaneers 8:20 p.m. 17 Dec. 29 at Eagles 4:25 p.m. 18 Jan. 5 vs. Commanders 1 p.m. The Cowboys' next four games all come against sub-.500 teams, including three at home, though their offense could be in for a serious test against Joe Burrow in Week 14 and Baker Mayfield in Week 16. Dallas finishes the season against NFC East rivals Philadelphia and Washington.

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