I usually catalog book acquisitions on my other blog, but both of these touch on subjects covered here.
I usually catalog book acquisitions on my other blog, but both of these touch on subjects covered here.
I know that any time I talk about semiconductors, a significant percentage of my readership’s eyes glaze over, but this is Big Freaking News.
Intel shares rose 6% in premarket trading after Reuters reported that Taiwan Semiconductor Manufacturing, or TSMC, had approached US chip designers Nvidia, Advanced Micro Devices, and Broadcom about taking stakes in a joint venture that would operate the struggling chipmaker’s factories.
Four sources told Reuters that the Taiwanese chipmaking giant would run Intel’s foundry division under the new proposal, producing chips tailored to customer requirements but not owning more than 50%. The sources added that Qualcomm has also been approached about the venture.
For those unfamiliar with the semiconductor space, that’s a Murderers Row of heavyweights, including the top three semiconductor companies by market cap:
Back to the piece:
The sources noted that the Trump administration is exploring ways to revive Intel and strengthen US manufacturing under the ‘America First’ agenda. They added that TSMC’s joint venture pitch to chip designers took place before the company, alongside President Trump, announced plans last month to invest $100 billion in semiconductor manufacturing in the US, building on its existing $65 billion investment in its Phoenix, Arizona, factories.
Any deal between TSMC and Intel would be subjected to approval from the Trump administration.
If the Trump Administration’s goal is to increase available sub-10nm wafer starts (and it should be) and maintain American control of Intel’s fabs, then this proposal is a win-win. Intel’s fabs plus TSMC’s tech would create a foundry powerhouse. It wouldn’t happen overnight (nothing in semiconductors happens overnight), but probably in 12-24 months, depending on how quickly the new entity can acquire the necessary pieces of equipment to upgrade Intel’s fabs to thee new tech (I’m guessing that the availability of ASML steppers will, as usual, be the gating factor). And all this without the tens of billions in taxpayer subsidies for the CHIPS Act.
If this goes through, it would have mostly winners, with a few losers:
Winners
Losers
Are there anti-trust concerns with such a heavy accumulation of cutting edge process technology? Oh yeah. Big time. But almost all of those concerns were already there in some form or another thanks to the interconnected “cooperation” nature of the industry. All those companies going in with TSMC were already getting chips fabbed by TSMC. Samsung could try to claim that the deal would result in TSMC having a de-facto monopoly on sub-10nm foundry business, but it wouldn’t start with one, and that business isn’t the whole of foundry business (though it is the most profitable part), much less semiconductors as a whole.
Given that this would go a long way toward achieving Trump’s goal of increasing cutting edge fab capacity in America, I would imagine that the Trump47 administration could very well be persuaded to let this deal go through.
After spending a great deal of special interest money to hang on to his Texas House seat and stepping down from the speakership after getting so many of his allies slaughtered in the primaries, Dade Phelan has decided on his next battle: outlawing memes.
Posting a political meme could soon land you in jail—if State Rep. Dade Phelan gets his way.
House Bill 366 would make it a crime to distribute altered media, including political memes, without a government-approved disclaimer. Violators could face up to a year in jail.
The State Affairs Committee will take up the bill by the former speaker of the House on Wednesday, alongside a slate of energy transmission legislation. It is the first hearing of the committee on legislation this session.
The bill specifically targets political advertising that features an “image, audio recording, or video recording of an officeholder’s or candidate’s appearance, speech, or conduct that did not occur in reality.” This broad language includes media altered using generative artificial intelligence technology. The Texas Ethics Commission would have the authority to determine the specific format, font, size, and color of the required disclaimer.
Critics say the legislation raises serious First Amendment concerns.
Ya think?
Fort Worth attorney Tony McDonald, who specializes in First Amendment litigation, blasted the measure, saying, “It’s amazing that this ridiculous bill is the top priority of the Texas House’s most powerful committee. This bill is obviously unconstitutional. It would criminalize protected speech on the basis of its content.”
Notably, the legislation could have sweeping implications beyond political advertising.
For example, the “Drunk Dade” parody call-ins on Michael Berry’s radio program would seemingly be criminalized under the proposed law, as they involve audio recordings that portray an officeholder’s speech in a way that “did not occur in reality.”
Additionally, the bill leaves questions about enforcement and selective prosecution.
Courts have routinely struck down laws that regulate political discourse based on content, citing the First Amendment’s strong protections for satire and parody.
Indeed. I’m guessing that this is precisely the sort of thing Phelan wants to outlaw:
The bill reeks of the sort of censorious rules against insulting a member of the ruling party you see in communist countries like China or Venezuela. Hell, even the traditionally prickly French repealed their law against insulting the dignity of the French president. The “published, distributed, or broadcast” clause alone is too broad to be constitutional. Even forwarding or reposting a meme is theoretically a crime.
It’s so poorly written and unenforceable bill that Babylon Bee piece “Media Scrambles To Fact-Check Image Of Trump Riding Hero Dog Into Massive Space Battle” could quickly result in actual government prosecutions, at least if Dade Phelan’s fragile ego has anything to say about it.
This is a stupid, unenforceable and unconstitutional bill that deserves to die a quiet death in committee.
Feel free to share your best Dade Phelan memes below.
J.P. Sears has another video up, imagining a liberal woman awakening from a coma after five years.
“Is Trump in prison?”
“No, he’s in the White House.”
“Does Dr. Fauci have a Nobel Prize?”
“No, but he does have a pardon for crimes against humanity.”
It’s short, so watch the whole thing. Well, the whole thing up to the bikini ad at the end, anyway…
Very little of this will be new to long-time readers, but Paul Kengor at Prager U narrates this video to remind us, yet again, that Mao Zedong was a complete and utter bastard.
Indeed, Mao killed more people than any other leader in history, Hitler and Stalin included. And Kengor didn’t even touch on Mao’s bloody subjugation of Tibet, or his insane attempt to exterminate sparrows.
A bit more on Mao’s genocide, along with that of other communist nations, plus a bit of bibliography on the subject, can be found here.