➀ The US government may convert $10.9B Chips Act grants and military contracts into equity, acquiring a 10% stake in Intel (worth ~$10.5B), causing a 3% stock dip;

➁ Intel could receive the full Chips Act funds immediately instead of gradual payouts, accelerating its turnaround plan after previously receiving only $2.2B of the total;

➂ The equity conversion model suggests a defined government-Intel partnership rather than open-ended support, potentially extending to other Chips Act recipients.

➀ TSMC is expected to earn $60 billion in revenues from manufacturing 2nm wafers before Intel makes any significant money from the technology.

➁ The US government's decision to distribute the $250 billion Chips and Science Act money widely is criticized.

➂ Intel's share of the act, $19 billion, seems insufficient compared to TSMC's $30-40 billion 2025 capex and expected revenues.

➀ Foxconn's Chairman Young Liu claims that the Trump administration's tariff strategy is causing a 'big headache' for the company's largest tech partners.

➁ Liu discusses the impact of the U.S. government's recent trend of rapid declaration and rescinding of tariffs on Foxconn's business.

➂ The article explores how the unpredictability of the U.S. government's tariffs is affecting the tech industry and Foxconn's manufacturing plans.

➀ Statista estimates that 16,000 U.S. federal employees have been laid off under presidential executive orders, in addition to 75,000 who accepted buyouts.

➁ The cuts are less than 4% of the 2.4 million non-military and non-postal federal workforce.

➂ Specific departments affected include the IRS, Health and Human Services, Centers for Disease Control and Prevention, National Institutes of Health, Food and Drug Administration, and Medicare.

➀ The government has delayed its AI Bill to avoid upsetting the US government, as reported by the Guardian.

➁ The Bill would have required companies using LLMs in AI programs to submit them for vetting to the AI Security Institute.

➂ The intention was to present the Bill to parliament before Christmas, but it will now be postponed until summer.

➀ President Trump announced on Monday that discussions are underway about acquiring TikTok from the Chinese company ByteDance.

➁ TikTok faces a critical moment where it must either be sold to a US government-verified entity or face a ban from app stores and telecommunications services in the US.

➂ Multiple companies, including Microsoft and MrBeast, are in talks to acquire TikTok.

➀ TikTok was officially banned by the US government.

➁ The ban was lifted after President Trump intervened.

➂ TikTok is now back and available to Americans again.