Chip Manufacturer Announces Layoffs Despite Biden Admin Subsidies to the Industry

Top semiconductor manufacturer Qualcomm announced a new round of layoffs on Wednesday, even after the industry received huge subsidies from the Biden administration, according to The Wall Street Journal.

Qualcomm, a major American producer of semiconductors, announced a new round of layoffs after seeing a 25% decline in its mobile-phone chip business compared to the previous year, according to the WSJ. The semiconductor industry has received huge subsidies from the Biden administration through the CHIPS and Science Act, which was signed into law in August 2022 and included $52 billion in subsidies for domestic semiconductor manufacturers.

Read More

EU Regulator Hits Amazon with Record-Breaking Fine for How It Uses Customer Data

An EU privacy regulator hit Amazon with an $887 million fine for violating laws related to the processing of personal data.

The Luxembourg agency National Commission for Data Protection (CNPD) issued the fine, imposed July 16 and revealed Friday, ruling that Amazon’s processing of personal data in relation to its advertising practices was in violation of the EU General Data Protection Regulation (GDPR), according to Amazon’s 10-Q SEC filing. The fine is the largest ever issued under the GDPR, The Wall Street Journal reported.

Read More

Commentary: ‘High-Skilled Immigrants Act’ Is a Sop to Big Tech

by Rachael Brovard   In a rare moment of bipartisanship last week, Democrats and Republicans joined hands to make a small, but fundamental change to our immigration system. Not to provide critically needed updates or wholesale reforms, but, rather, to toss a sop to the billionaires of Big Tech. Thanks…

Read More