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Share Tweet Share Share Email The U.S. Commerce Department on Friday announced that it was finalising an award of up to $1.61 billion for Texas Instruments to boost chip production and up to $4.745 billion for Samsung Electronics of South Korea. TakeAway Points: The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chip production. The department “modified this grant to line with market conditions and the scope of the investment the company is making,” according to a Commerce representative. Texas Instruments has pledged to invest more than $18 billion through 2029 in two new factories in Texas and one in Utah, which are expected to create 2,000 manufacturing jobs. Amkor’s Arizona plant, when fully operational, will package and test millions of chips for autonomous vehicles, 5G/6G, and data centers. US finalizes up to $6.75 billion in chips awards for Samsung, Texas Instruments, and Amkor The department also finalized an award of up to $407 million to help fund Amkor Technology’s planned $2 billion advanced semiconductor packaging facility in Arizona, which is set to be the largest of its kind in the U.S. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of up to $6.4 billion and reflects its revised smaller investment plans, the department said. A Commerce spokesperson said the department “changed this award to align with market conditions and the scope of the investment the company is making.” A Samsung spokesperson said its “mid-to-long-term investment plan has been partially revised to optimize overall investment efficiency” but declined to disclose details of its agreement with the Commerce Department. In April, administration officials said Samsung planned to invest roughly $45 billion to build two chip production facilities, a research center and a packaging facility by 2030. On Friday, Commerce said Samsung plans to invest $37 billion and complete the projects by the end of the decade. Texas Instruments has pledged to invest more than $18 billion through 2029 in two new factories in Texas and one in Utah, which are expected to create 2,000 manufacturing jobs. The company is getting $900 million for its Texas operations and $700 million. Amkor’s Arizona plant, when fully operational, will package and test millions of chips for autonomous vehicles, 5G/6G, and data centers. Apple will be its first and largest customer with the chips produced at a nearby Taiwanese chipmaker TSMC facility. Amkor CEO Giel Rutten said the facility “will serve as a critical cornerstone in establishing a robust semiconductor manufacturing supply chain within the United States.” Congress in August 2022 approved a $39 billion subsidy program for U.S. semiconductor manufacturing and related components, along with $75 billion in government lending authority. Commerce invests in Intel Last month, Commerce finalized an award of up to $7.86 billion for Intel, down from $8.5 billion announced in March after the California-based chips maker won a separate $3 billion award from the Pentagon. Commerce has now finalized the largest awards it offered earlier this year, including this week, finalizing up to $458 million for SK Hynix in Indiana. In total, Commerce has finalized over $33 billion of the over $36 billion in proposed incentive funding. “With this investment in Samsung, the U.S. is now officially the only country on the planet that is home to all five leading-edge semiconductor manufacturers,” said Commerce Secretary Gina Raimondo. Related Items: Amkor , Samsung , Texas Instruments , US Share Tweet Share Share Email Recommended for you PDD’s Temu App Tops U.S. iOS Downloads Bitcoin Rises To New Record Above $107,000 US Supreme Court Rejects Nvidia’s Bid To Avoid Securities Fraud Suit Comments

BOSTON (AP) — Boston Celtics center Kristaps Porzingis is slated make his season debut Monday night against the Los Angeles Clippers following offseason ankle surgery. The 7-foot-2 Latvian center was upgraded from probable to available about an 90 minutes before tipoff, though Celtics coach Joe Mazzulla said how much he'd play was to be determined. Veteran center Al Horford, who has started 14 of the Celtics 17 games this season, is out Monday with an illness. Fellow big man Luke Kornet is also sitting out as he continues to deal with hamstring tightness. “He has worked hard, he's in good shape. We'll put him in position to be healthy and be successful and do what's best for the team,” Mazzulla said. “He's been pretty consistent, just based on his work ethic and what he's done to get to this point.” Porzingis had surgery to fix a tear in the tissue that holds the ankle tendons in place. The issue limited him to seven playoff games during the Celtics' NBA championship run last season. Boston is 14-3 this season, but has missed his presence on the inside, with teams routinely outscoring the defending champions in the paint. Mazzulla acknowledged that how Porzingis plays on the offensive end, particularly how he operates sometimes out of the high and low post, will force some adjustment from how the team has played this season without him on the floor. “I think last year we had an opportunity to see how teams were guarding him,” Mazzulla said. "That'll take a little bit of time to figure out what the coverages are, just get used to that spacing. That'll take some time. ... Then we'll figure out how we go from there." The original window for Porzingis' return following surgery was five to six months. But Celtics president of basketball operations Brad Stevens said before the season that they didn't want to hold to a specific timeline because of the uniqueness of the injury. Porzingis injured his ankle in Game 2 of the NBA Finals against the Dallas Mavericks and missed the next two games. He returned for Game 5, contributing five points and one rebound in 16 minutes as the Celtics beat Dallas 106-88 to clinch their record 18th title. Porzingis averaged 20 points and seven rebounds in 57 games for last season. He signed a $60 million, two-year extension with Boston in the summer of 2023 after the Celtics acquired him in a trade with Washington. ___ AP NBA: https://apnews.com/hub/nba Kyle Hightower, The Associated Press

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A petition has been filed in the Supreme Court seeking directions to the Centre and others to immediately clear the blockage of national and state highways in Punjab where farmers are staging protests. Farmers under the banner of the Samyukta Kisan Morcha (non-political) and Kisan Mazdoor Morcha have been camping at Shambhu and Khanauri border points between Punjab and Haryana since February 13 after their march to Delhi was stopped by security forces. The plea, filed in the apex court by a social activist hailing from Punjab, also sought directions to the Centre and others to remove restrictions on farmers' protests and to ensure that national highways and railway tracks are not blocked by the agitating farmers. It has alleged that farmers' and farmer unions have blocked the entire national and state highways in Punjab permanently and for an indefinite period. As per the cause list of December 9 uploaded on the apex court website, a bench headed by Justice Surya Kant is slated to hear the plea. READ MORE: Weather News: Delhi-NCR, Haryana And Punjab To See Rain Over Next Two Days; Cold Wave From Dec 9, Temp Set To Drop "The alleged farmers and their farmer unions have blocked the national highway at the entry point of Punjab i.e. Shambu for more than one year and recently have blocked national and state highways in the entire state of Punjab at various locations on October 24, 2024," the plea said. It claimed the blockage of highways was a threat to national security as the entire Army movement towards the northern borders of the country passes through Punjab. "People of Punjab and neighbouring states are facing great difficulty as they are unable to reach hospitals on time in case of medical emergency, as even ambulances are being stopped from running on national and state highways in the entire state of Punjab," the plea said. It said free movement on highways comes under the fundamental right of the citizen, which is being violated by the farmers by blocking them in the entire state of Punjab. READ MORE: Iran-Israel Tensions Source Of Concern, Says EAM Jaishankar At Manama Dialogue In Bahrain "The state of Punjab is being targeted by the foreign, external and anti-national forces with the intention to use alleged farmers and farmer unions to de-stable Punjab as Punjab is the backbone of the entire country and has a history of facing many attacks from neighbouring countries," the plea claimed. (Note: Except for the headline, this article has not been edited by Jagran English and has been published through a syndicated feed.)

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The earnings results for Woodward WWD for Q4 were made public on Monday, November 25, 2024 at 04:00 PM. Here's a comprehensive overview of the announcement. Earnings Woodward beat estimated earnings by 13.0%, reporting an EPS of $1.41 versus an estimate of $1.25. Revenue was up $77.42 million from the same period last year. Historical Earnings Summary In the previous quarter, the company beat on EPS by $0.12, resulting in a 17.0% drop change in the share price the following day. Here's a look at Woodward's past performance: Quarter Q3 2024 Q2 2024 Q1 2024 Q4 2023 EPS Estimate 1.51 1.32 1.10 1.31 EPS Actual 1.63 1.62 1.45 0.84 Revenue Estimate 853.82M 807.00M 748.29M 765.35M Revenue Actual 847.69M 835.34M 786.73M 777.07M New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Guidance Woodward management provided guidance for FY 2025, expecting earnings between $5.75 and $6.25 per share. To track all earnings releases for Woodward visit their earnings calendar here. This article was generated by Benzinga's automated content engine and reviewed by an editor. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Autry scores 16 as George Washington downs Illinois State 72-64Enzo Maresca has denied Christopher Nkunku is unhappy at Chelsea and insisted the marginalised France striker will get more playing time next month. Nkunku joined Chelsea from RB Leipzig for £52million in the summer of 2023 but, after an injury-hit first season, he has seen limited game time in the Premier League this term. He has made 11 appearances but only one start, with Nicolas Jackson ahead of him in the pecking order as the team’s main striker and Cole Palmer integral in an attacking midfield role, where Maresca thinks he is best suited. During the international break it was reported that Nkunku was unhappy at Chelsea. But Maresca, speaking before Thursday’s Europa Conference League fixture with Heidenheim, denied the rumours. “No, not at all,

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