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Taiwan Semiconductor Manufacturing Co. – the world’s biggest chipmaker – will invest at least $100 billion to expand chip manufacturing in the US. During a press conference on Monday, President Donald Trump said the funding would go toward building two additional chip manufacturing facilities in Phoenix, Arizona. The $100 billion investment builds upon the $65 billion TSMC has already committed to building three Arizona factories, as well as the $6.6 billion the Biden administration awarded to TSMC under the CHIPS Act. TSMC began producing 4-nanometer chips at its Arizona plant in January, but its future factories are expected to make chips using “2nm or even more advanced process technology” by the end of the decade, according to the company’s website. Last year, TSMC pushed back the timeline for its second Arizona plant, saying it will open in 2027 or 2028 instead of 2026. “We are producing the most advanced chip made on US soil with the success of our first plant,” TSMC CEO C.C. Wei said during the press conference. “We’re going to create thousands of high-paying jobs… and produce many AI chips.” A recent report from The New York Times suggested that the Trump administration encouraged TSMC to take over Intel’s chipmaking factories. Last week, Apple similarly revealed its plans to invest over $500 billion in the US over the next four years, during which it plans to hire 20,000 employees and construct a server factory in Texas. The timing isn’t a coincidence, as President Trump has said he will introduce tariffs on semiconductors and other goods as soon as April. On Tuesday, the US is also set to start imposing a 25 percent tariff on products from Mexico and Canada, along with an additional 10 percent tax on imports from China.

New SEC filings from pharmaceutical companies reveal Donald Trump and Elon Musk’s cost-cutting measures could slow drug research and delay FDA approvals.

The fight between India’s National Restaurant Association of India (NRAI) and food delivery giants Swiggy and Zomato continues to intensify. NRAI alleges that the two platforms are misusing restaurant data to launch their own brands, thereby competing directly with the businesses they serve. High commissions and the introduction of 10-minute food delivery services have further strained relations, impacting restaurants’ operations and profitability. Restaurant VS Swiggy And Zomato Over the past few months, Zomato launched its Bistro app, and Swiggy introduced SnacQ, both offering 10-minute food delivery services. NRAI argues these apps directly compete with restaurants by leveraging insights gathered from restaurant data. Traditionally charging hefty commissions, Swiggy and Zomato are now perceived as competitors, not just facilitators. Additionally, the expansion of their dine-in services is eating into restaurant revenues. NRAI’s Concerns According to a Navbharat Times report, NRAI President Sagar Daryani said, “We have no issue with quick commerce itself. It has transformed grocery shopping and holds similar potential for food delivery. As industry custodians, we support innovation. However, the issue arises when Swiggy and Zomato use restaurant data to create private labels. They have insights that restaurants themselves don’t have, which they now use to compete with us.” Swiggy and Zomato are competing with fast-rising brands like Zepto Cafe, India’s rapidly growing unicorn. Zepto Cafe, launched in 2022, focuses on quick-bite food and beverages, processing 50,000–60,000 daily orders. By December 2024, Zepto introduced an app and aims to generate Rs 1,000 crore in revenue from the cafe segment by 2026. Zomato CEO Deepinder Goyal Zomato CEO Deepinder Goyal defends their approach, emphasizing the benefits of faster delivery. He stated that data consistently shows that reducing delivery times boosts restaurant demand. For instance, when they began managing last-mile delivery, we reduced average times from 45 minutes to 30 minutes, which significantly increased demand on our platform. Goyal added, “We believe the same will happen with 10-15 minute deliveries. Bistro targets large office markets where quick access to snacks, meals, and beverages within 10-15 minutes is in high demand.” Zomato has also introduced 15-minute delivery services for select restaurants via its main app, further expanding its offerings. Swiggy’s New Services Swiggy, too, entered the race by launching SnacQ, initially available in select Bengaluru areas. The app offers 128 menu items priced under Rs 200, with free delivery for cart values above Rs 100. Additionally, Swiggy has launched a service called Bolt, promising 15-minute delivery for select menu items from partner restaurants. NRAI Concerns Over Private Labels According to Daryani, the primary concern with Swiggy and Zomato’s private labels is their use of proprietary data. He notes, “They claim separate apps won’t use delivery app data, but I find it hard to believe. Their entire strategy is built on years of data and experience gathered from us.” Similar concerns were raised about Zomato’s Bistro, which allows users to log in using Zomato/Blinkit credentials and automatically fetch saved addresses and payment details from these platforms. High Commissions By Swiggy, Zomato Swiggy and Zomato charge commissions ranging from 16% to 30%, with new restaurants often paying at the higher end. While promoting their dine-in services, they’ve also started offering discounts of 15-20% on dining bills via bank partnerships. Though this increases Average Order Value (AOV) for both platforms and restaurants, it doesn’t always result in mutual benefit. Restaurants are seeking greater control over their data and protection against unfair competition from the platforms they once trusted.

The 75th annual IEEE Electronic Components and Technology Conference (ECTC) will take place from May 27-30, 2025 at the Gaylord Texan Resort & Convention Centre. ECTC combines packaging, components, and ... The post ECTC 2025 appeared first on Electronics Weekly.

Elon Musk, CEO of Tesla and SpaceX, retains his position as the world’s wealthiest person despite experiencing a massive loss of $81 billion (over Rs 7 lakh crore) in just the first two months of 2025. According to the Bloomberg Billionaires Index, Musk’s net worth stood at $351 billion (approximately Rs 30.70 lakh crore) as of March 2, 2025. How Elon Musk Maintains His Position Musk’s wealth primarily comes from his 42% stake in SpaceX, valued at nearly $350 billion as of December 2024. His share in the company contributes approximately $136 billion to his total wealth. Tesla, the world’s most valuable carmaker, is Musk’s second-largest source of wealth. Musk owns 13% of Tesla, which had a market value of $942.37 billion as of February 28, 2025. This stake is worth around $120 billion. Musk also holds 79% of X Corp (formerly known as Twitter). However, its value has declined significantly by about 69% since Musk acquired it for $44 billion in 2022. His stake in X Corp is now valued at only $8.06 billion. Elon Musk Other investments xAI: Valued at $22.6 billion The Boring Company: Valued at $3.33 billion Neuralink: Valued at $2.07 billion Despite his significant losses, Musk remains ahead of his closest rivals. Mark Zuckerberg, CEO of Meta, ranks second with a net worth of $236 billion and Jeff Bezos, founder of Amazon, comes third with a fortune of $232 billion. According to Forbes, India’s richest person Mukesh Ambani’s net worth is 85.5 billion and Gautam Adani’s net worth is $50 Billion. If we combine Gautam Adani and Mukesh Ambani’s wealth together its still lesser than Elon Musk. Elon Musk’s Salary Interestingly, Musk has publicly stated that he does not draw a salary from the U.S. Department of Government Spending (DOGE), where he holds an advisory role. His total liabilities amount to $23.2 billion, but his diverse investments and stakes in various companies ensure he maintains his lead in the billionaire rankings.

The compound semiconductor market is on a CAGR of nearly 13% between 2024 and 2030 and is set to hit $25 billion by 2030, says Yole Group, fuelled by growth ... The post Compound semi market to be worth $25bn by 2030 appeared first on Electronics Weekly.

Samsung has ten months to get its 2nm process yielding if it is to see a recovery in its foundry business, reports the Korean newspaper Chosun. Samsung’s 3nm process, its ... The post Samsung has ten months to get 2nm yielding appeared first on Electronics Weekly.

Nobody likes to be micromanaged. But this person took compliance to whole new heights. Let’s get into the nitty gritty details… Manager wanted everything I do during a workday written down. Request granted Some context. I work in an outsourcing company. Before I joined, there were 2 people doing my job. Both left before I joined. I was alone doing the job of 2 people. Weekly reports were sent to client “head,” and client would visit the job site once a year. So here goes. As a means of control and reporting, there was a general mailbox where client should send all requests that needed to be addressed. I had to deal with 30 to 40 different people from the client side plus client”head.” They didn’t give a hoot about said mailbox, would always email my inbox ignoring said general one. Ugh, seems like a classic case of downsizing beyond a reasonable measure. Since I was alone doing the work of 2 people, I was almost always behind on the workload and would get the idiots on the other side constantly complaining to the client “head.” The “head” would in turn would complain to my managers: “How is it possible that OP can’t deal with 7 or 8 daily emails and be behind on his work?” Never feels good to have an unsupportive superior. Weekly report stated I was only getting 7/8 emails from the client a day, completely ignoring the freaking phone, personal inbox, and Skype chat, which were the ways people were contacting me every day. So client “head” complains to managers and escalates me for being a lazy idiot that can’t even handle a handful of emails a day. Managers set up meeting to grill me. Hope OP doesn’t get roasted during this grilling… “OP you always look so busy and you’re only getting a handful of emails a day and constantly behind on your work. How is this possible? Client isn’t happy and you either have to improve dramatically or client wants us to replace you.” I explained that general mailbox wasn’t the only thing I did, mentioning all other means through which client idiots were requesting things. At least the employee got a chance to explain themselves… So solution to show client “head” what was being done, I was told I needed to register on an excel sheet everything, EVERYTHING, I did during the day. I asked for clarification, you mean emails and calls right? No, no EVERYTHING. And email the excel at the end of workday. Seems a bit excessive. So here goes my malicious compliance. I did exactly what I was told, wrote down everything I did during the workday, even including bathroom, smoke and coffee breaks. Client writes on Skype, I write down timestamp when client asks for something and timestamp each and every reply, adding it all to an excel at around 500 lines every day – with my personal favorite of adding a line at the end “time wasted to fill in sheet, 1 hour.” Well, can’t fault the guy for following directions. One manager laughs when he sees my full compliance, other one not so much but knows can’t do anything cause I did what I was told. A few months later when client “head” visits, he tells me he flipping loved it. Was told to stop doing it on the 3rd day. They were now aware of what I did during the day This employee followed their bosses’ instructions to a T. Sounds like some of them were not amused by the rather, uh, strict adherence. Let’s hear from the comments section. This person says the minutiae could be even more minute by minute. Here’s another commenter’s version of malicious compliance: Another commenter did a similar thing. Someone else points out, this happens more than it should. This person did a similar thing but on a life or death level. If you logged every detail of your life, do you think your boss would give you a pat on the back or a kick in the pants? If you liked that story, check out this post about an oblivious CEO who tells a web developer to “act his wage”… and it results in 30% of the workforce being laid off.

As the Indian Premier League (IPL) 2024 just weeks away, JioStar is setting the stage for a blockbuster season. The broadcaster has revealed a strategy focused on reaching 1 billion viewers, introducing ad innovations, and implementing third-party measurement tools to attract advertisers, reported Economic Times. Ishan Chatterjee, Chief Business Officer, Sports Revenue, SMB, and Creator at JioStar, believes this comprehensive approach will elevate IPL 2025 to new heights. “The IPL has always been a marquee event on the marketing calendar for brands, and with summer arriving early, categories like beverages, fans, ACs, paints, BFSI, mobile phones, and fantasy gaming are showing great interest,” Chatterjee said. JioStar Targeting 1 Billion Viewers JioStar aims to surpass last year’s viewership numbers 525 million on TV and 425 million on digital devices by leveraging the combined strength of Viacom18 and Star India. With its reach extending across TV and digital platforms, JioStar anticipates drawing 1 billion viewers this season. Targets Rs 5,000 Crore Ad Revenue As per Livemint report, JioStar is targeting Rs 5,000 crore in ad revenues from the IPL, capitalizing on its massive viewership and innovative ad solutions. Third-Party Validation For Advertisers A major highlight of JioStar’s strategy is its partnership with Nielsen for third-party campaign measurement. Addressing concerns from advertisers, particularly in the FMCG sector, JioStar is providing third-party validation for ad metrics for the first time during a live sports event. “We’ve established a dedicated data pipeline with Nielsen, where our first-party data is passed into a clean room for analysis. Nielsen then reports directly to advertisers, ensuring transparency and confidence in campaign performance,” explained Chatterjee. JioStar Premium Advertising Innovations JioStar is rolling out advanced targeting features to appeal to advertisers looking for premium audiences. Premium Devices: Targeting users on connected TVs, iOS, and Android devices priced above Rs 50,000. HD Overlay: Adding HD audiences to media plans for refined targeting. Women-Centric Brands: With 240 million women viewers last season, JioStar is working with women-focused brands. Location-Based Targeting: Sharper location targeting is being developed for SMBs and real estate brands, making campaigns more effective for local markets. To support SMB advertisers, JioStar has initiated outreach programs in 10 cities, offering simplified ad packages, lower media spends, and easier targeting options.

Thomas Peterffy is the owner of the world’s largest online broker company Interactive Brokers. This year his net worth has increased by $ 8.02 billion and he is ranked 23rd in the list of the world’s richest people with a net worth of $ 61.2 billion. Ahead of him is Adani Group chairman Gautam Adani, whose net worth is $ 63 billion. Peterffy was born in Budapest, the capital of Hungary, in 1944, during World War II. He moved to the US in 1965. He had no money then and he did not even know how to speak English. Despite this, he created the world’s first automated market making firm for stocks, options and futures. After this, he never looked back. Engineer by profession In 1965, he left Hungary, which was under Soviet rule at the time. The Soviet Union had occupied Hungary after the 1956 uprising. In an interview in 2008, Peterffy said that he got a job at an engineering firm in New York. He volunteered to learn computer programming. He believed that this work was easier than learning English. Peterffy’s first introduction to Wall Street was as a computer consultant at Aranyi Associates. This company worked on stock and bond valuation programming. Decided to start his own business In 1977, Peterffy decided to start his own business. That year he bought a seat on the American Stock Exchange for options trading. Within a year he began working on automation to improve the chances of profitably bidding on contracts. In 1982, he founded Timber Hill, a market making company that used handheld computers, designed by Peterffy, to track and calculate trades. He then expanded into other markets. Considered to be close to Trump Peterffy started Interactive Brokers in 1995, which provides electronic trading facilities for individual investors. He took the company public in 2007. Peterffy now lives in Palm Beach, Florida. His company is headquartered in Greenwich and he owns about three-quarters of it through IBG Holdings. Most of Peterffy’s wealth comes from Interactive Brokers Group. In 2016, he contributed $100,000 to Donald Trump’s election campaign.

As industries change, businesses are seeking power distribution solutions that offer flexibility and efficiency. The shift away from traditional methods has led many companies to adopt systems that streamline operations, cut costs, and improve safety while keeping up with growing energy demands. Overhead power solutions are emerging as a preferred choice, allowing companies to manage... The post Why More Companies Are Choosing Overhead Power Distribution appeared first on Explosion.

Every photographer knows this email. You've delivered the final gallery, the client loves 90% of the images, and then comes the follow-up: "These look amazing! Could you just make a few quick edits? Nothing major—just brighten this one a bit, remove that person in the background, and maybe make my skin look smoother in these five shots. Should only take a few minutes, right?" [ Read More ]

A Career Path That Offers Both Freedom and Professional Fulfillment Continue reading on Medium »

Two years after Sam Altman pitched Congress on AI guardrails, he's back in Washington with a new message: To beat China, invest in OpenAI.

The DOGE-mandated credit card freeze is delaying shipments of critical supplies, stalling travel, and stopping employees from doing their jobs.