TSMC triples Arizona chip plant investment, Biden hails project

 

By Steve Holland and Jane Lanhee Lee

PHOENIX, Ariz., Dec 6 (Reuters) - Taiwanese chipmaker TSMC (2330.TW) on Tuesday said it would more than triple its planned investment at its new Arizona plant to $40 billion, among the largest foreign investments in U.S. history, as President Joe Biden visited and hailed the project.

The expanded investment is a big win for Biden after supply chain issues disrupted the U.S. economy early in his presidency.

Biden's recent trip to Asia convinced him the United States is in a better position to lead the world economy in the years ahead "if we keep our focus," he said.

Mark Liu, chairman of Taiwan Semiconductor Manufacturing Co Ltd, known as TSMC, estimated annual revenue of $10 billion when the two planned chip fabrication plants open, adding that customers would have annual sales of $40 billion from products using chips made there.

https://www.reuters.com/technology/biden-visit-taiwans-tsmc-chip-plant-arizona-hail-supply-chain-fixes-2022-12-06/

Biden to visit Taiwanese chip manufacturer TSMC's Arizona plant on Dec 6

 

By David Shepardson

 

U.S. President Joe Biden plans to travel to Taiwanese chip manufacturer TSMC's Arizona facility on Dec. 6 to promote the administration's push to boost U.S. semiconductor manufacturing, the White House said.

 

Taiwan Semiconductor Manufacturing Co Ltd (2330.TW), , a major supplier to Apple Inc (AAPL.O) and the world's largest contract chipmaker, is constructing a $12 billion plant in Phoenix, Arizona, Reuters reported last week. The company is holding a "tool-in" ceremony in Arizona on Dec. 6.

 

Both the United States and Europe are putting up billions of dollars in incentives to get companies to make chips closer to home, courting Taiwanese firms in particular.

 

In August, Biden signed legislation funding $52.7 billion for semiconductor chips manufacturing and research. The "Chips and Science" law also includes an investment tax credit for chip plants estimated to be worth $24 billion.

 

By subsidizing U.S. chip manufacturing and expanding research funding, the law aims to alleviate a persistent shortage that has affected everything from cars and weapons to washing machines and video games.

 

https://www.reuters.com/technology/biden-visit-taiwanese-chip-manufacturer-tsmcs-arizona-plant-dec-6-white-house-2022-11-30/

The 10 Best AI Real Estate Solutions in 2021

 

Ongoing global pandemic restrictions have directly impacted traditional real estate processes—and, quite shockingly, for the better. 

Thousands of firms, realtors, appraisers, mortgage lenders, and others have had to navigate the crisis by integrating fast-evolving PropTech, and for a good reason. Sophisticated AI solutions for real estate can handle predefined data flows, learn user behavior, streamline and accelerate workflows, and enable more accurate appraisals and near-term market predictions.

Homeowners, potential renters, and buyers are embracing these real estate AI apps, and investors know and recognize that real estate is the worlds' largest asset class (as stated by Harvard Business School professor Arthur Segel). The value of housing in the U.S. is $16 trillion, and real estate is the highest wealth source for most families. 

These ten companies deploy AI in real estate in exciting and impactful ways to quickly engage with prospects, increase sales, manage tenants and properties, and more.

1. TRIRIGA 

2. Houzen

3. Hyro

4. Rex

5. Zillow

6. Compass

7. Redfin

8. HouseCanary

9. Trulia

10. Skyline AI

https://www.hyro.ai/post/ten-best-ai-real-estate-solutions-in-2021

AI in Restaurants? The Possibilities are Limitless

 
January 28, 2022 | Steve Roberts 

Fifty percent of U.S. restaurant operators are planning to implement some form of automation technology in the next two to three years, according to a recent report.

We learned in December that TikTok was teaming up with a ghost-kitchen company to open 300 virtual kitchens. This won’t necessarily push the technologies involved any further, but as far as marketing goes, it’s brilliant, and if it allows users to order meals directly from TikTok, it could be a game-changer, with other social-media platforms following suit. 

Where we’re likely to see the biggest strides in restaurant tech in the years to come, though, is in the development of new applications for artificial intelligence. The global AI market as a whole is expected to grow to a value of $190.61 billion by 2025.

https://www.qsrmagazine.com/outside-insights/ai-restaurants-possibilities-are-limitless

How AI is Revolutionizing the Real Estate Market

MAY 22, 2022 BY BEN SHEPARDSON

While it still may not be entirely accurate, the use of machine learning algorithms now sees Zillow tracking and analyzing the values of something close to 100 million homes in 2022. This is made possible by a recent update to how Zestimate works – instead of hundreds or even thousands of algorithms running at once and having to be integrated, now Zillow uses just a single neural network, and one that it says reduces its price estimate errors by a huge percentage.

How does AI help resolve this issue? Simple – smart search algorithms that employ machine learning can parse lots of data that would otherwise take even a team of agents time and effort to research. Now, it’s easy to find out which homes are likely to be put up on the market soon simply by having an AI look for relevant data such as when homes were last sold, how long the current owner has been living there, and what rates homes in a specific area sell at. This beats knocking on doors by a wide margin!

https://realtybiznews.com/how-ai-is-revolutionizing-the-real-estate-market/98771244/

10 Hottest Housing Markets in America

1. Tampa, Florida - Tampa, Florida, has been on the "hottest" housing market list for several years, but this is the first year it holds the title of being the hottest market in America, at least according to a recent report by Zillow.

2. Jacksonville, Florida - This up-and-coming port city doesn't usually make the hottest market list, with Realtor.com putting its hotness ranking near 167, but according to Zillow, Jacksonville is taking off.

3. Raleigh, North Carolina - Raleigh Durham, North Carolina, which encompasses the Greater Chapel Hill and the cities of Durham and Raleigh, has been a major hub for the Southeast for decades.

4. San Antonio, Texas - San Antonio, Texas, is a well-known tourist destination, thanks to its iconic River Walk, historic Alamo, and awesome food scene.

5. Charlotte, North Carolina - Charlotte, North Carolina, has been on the hottest markets list for quite some time now, so it's no surprise to see it once again in 2022.

6. Nashville, Tennessee - Nashville, Tennessee, definitely isn't an up-and-coming city. It's long been revered as one of the top metropolitan areas in the country, with deep ties in music and entertainment, giving it the nickname "Music City."

7. Atlanta, Georgia- Like Nashville, Atlanta, Georgia is a thriving city with decades of growth behind it. The city has a stable job market, an affordable entry point for housing, and has become a hub for tech start-ups and millionaires in the entertainment and media industries.

8. Phoenix, Arizona - Phoenix, Arizona, is the fifth-most-populated city in the U.S. and has been on the hottest housing markets list for several years running. This desert city -- which has ties to major medical companies, several Fortune 500 companies, tech start-ups, and retail giants -- has ample job opportunities backed by a fairly affordable cost of living.

9. Orlando, Florida - With ties to Disney and Universal Orlando Resort theme parks, Orlando, Florida, draws millions of visitors each year. But people are quickly realizing there is more to the city than its theme parks. Orlando is a great place to work and live, too.

10. Austin, Texas - Austin, Texas, has been the hottest market for the past few years. It's a rapidly growing city with a number of tech startups, Fortune 500 companies, and major corporations calling it home. And with a thriving food and culture scene and mild winters, it's understandable to see why the city is booming.

https://www.msn.com/en-us/money/realestate/10-hottest-housing-markets-in-america/ss-AATVDeu?ocid=msedgntp#image=2

Intel’s $20 Billion Ohio Chip Hub Will Be World’s Largest

 By Ian King

(Bloomberg) -- Intel Corp. plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest semiconductor-manufacturing site.

The chipmaker will begin construction of two fabrication plants on a 1,000-acre site in the town of New Albany, which it expects to be operational by 2025, Intel said Friday. The plan will rely on the most advanced technologies and result in an increased American share of the global chip supply chain, the company said.

The project will be the largest single private-sector company investment ever in Ohio, according to the governor, and will generate more than 20,000 jobs in the state, including 3,000 direct Intel positions earning an average of $135,000 a year, plus benefits.

Intel is committing to building in Ohio using its own funds and hoping that the U.S. federal government will deliver on planned resources aimed at supporting an expansion of semiconductor manufacturing, Gelsinger said in an interview. Congress is currently considering funding of the CHIPs Act, a proposal to offer about $50 billion in incentives to companies willing to locate chip production in the U.S.

https://www.bloomberg.com/news/articles/2022-01-21/intel-plans-to-spend-20-billion-on-ohio-chipmaking-hub