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Samsung Targets $10 Billion-Plus U.S. Plant, Ramps Up Chip Competition With TSMC

Samsung booth
Samsung booth

Samsung Electronics is considering investing more than $10 billion to build a chip-making factory in the U.S., according to recent media reports, a move that would help the South Korean tech giant compete with Taiwan’s TSMC in the capital-intensive contract chip manufacturing space.

Samsung, which is the world’s largest maker of smartphones and memory chips, is in discussions to invest as much as $17 billion to build a chip plant in Arizona, Texas or New York, the Wall Street Journal reported on Friday. A spokesperson for Samsung said the company has no “specific plans” to build a factory in the U.S., though added that the company explores “various opportunities for business development so that [Samsung is] open and ready when such opportunities arise.”

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YouTube Cofounder Steve Chen Launches Hedge Fund That Uses AI To Make Investment Decisions

Who owns YouTube
Who owns YouTube

YouTube cofounder Steve Chen is partnering with veteran money manager Jack Fu to launch a hedge fund that picks stocks and fixed-income assets through the use of artificial intelligence.

The Draco Capital Macro Quant Fund has already raised $50 million with a goal of $200 million by the end of 2021, Chen said last week.

The fund that debuted in September uses an AI algorithm to gauge which assets are ideal for both bull and bear markets, he says.

“It utilizes much of the AI and big data processing that was employed in companies that I’ve worked and/or advised in Silicon Valley,” Chen says. “It weighs the large tech companies, such as Apple and Microsoft, in a bullish market, while focusing more on defensive assets, such as gold and long-term treasuries, in a bearish market.”

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U.S. Attorney General William Barr announces resignation

Attorney General William Barr
Attorney General William Barr

U.S. Attorney General William Barr said Monday he will resign next week. News CNN. Voting for the US presidential election took place last November. Despite falling behind by a huge margin, US President Donald Trump has not yet conceded defeat. The bar has been supporting him from the beginning. But with the change of position, Trump’s Conflict with the bar began.

President Trump has confirmed Bar’s resignation on Twitter. The US president wrote on Twitter that his recent meeting with the White House Bar was great. He has done his job well. He is leaving before Christmas to spend the holidays with his family.

Trump added on Twitter that Deputy Attorney General Jeff Rosen would take over as Attorney General Bar. Richard Donal will take over as Deputy Attorney General.
Trump has been pushing for the removal of the bar for some time, as the election has begun to falter. Allies discouraged Trump from doing so. However, Trump did not change his position. The White House says Barr has not been asked to resign or be expelled. He has moved away from himself.

Electoral voting in the states has officially started on Monday for the presidential election. There is no record of Janaraya being an exception to this formal vote. So another round of recognition of Joe Biden as the country’s next president is just a matter of time.

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PM Hasina congratulates Biden, Harris

sheikh_hasina
sheikh_hasina

Prime Minister Sheikh Hasina has congratulated US president-elect Joe Biden and vice-president-elect Kamala Harris.

Biden, 77, beat Donald Trump in a heated election held last week to become the 46th president of the United States. His running mate Kamala Harris made history as the first Black woman to become vice president.

Biden positioned himself to be a leader who “seeks not to divide, but to unify” a nation gripped by a historic pandemic and a confluence of economic and social turmoil.

“I sought this office to restore the soul of America and to make America respected around the world again and to unite us here at home,” said Biden in a prime-time victory speech not far from his Delaware home, reports AP.

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Joe Biden Wins Presidency After Recapturing Rust Belt States

Joe Biden Wins Presidency
Joe Biden Wins Presidency

TOPLINE

Former Vice President Joseph R. Biden Jr. is projected to be the next president of the United States based on election analysis by the Associated Press, defeating incumbent President Donald Trump in what proved to be one of the most brutal campaigns in modern history, throughout which Biden vowed to heal the nation’s deep divisions and respond forcefully and responsibly to Covid-19 pandemic.

KEY FACTS

• The Associated Press called the crucial battleground state of Pennsylvania for Biden on Saturday after late-counted absentee ballots gave him a come-from-behind victory, also calling Nevada for him shortly after.

• Biden’s path to 270 electoral votes was paved through Pennsylvania, Wisconsin and Michigan, which Trump won after decades of Democratic dominance, leaving some Democrats to question whether their path to the presidency in future elections would still run through the Midwest.

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Breaking International North America Politics South America World

Half Of Trump’s Twitter And Facebook Posts Since Election Day Flagged

Republican Party & Democratic Party
Republican Party & Democratic Party

TOPLINE: Facebook and Twitter have labeled half of President Donald Trump’s posts since Election Day because he repeatedly and falsely declared victory and cast doubt on legal votes counted after Election Day.

KEY FACTS: Of Trump’s 22 posts on Facebook and Twitter, not including retweets or videos, 11 have been labeled by the social media giants. 

The flagged posts include erroneous claims to victory before races have been officially called and false assertions that the election is fraudulent.

Twitter has hidden posts from view and warned “some or all of the content shared in this Tweet is disputed and might be misleading about an election or other civic process,” and restricted the ability to like or retweet.

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Judge Warns Postal Service Of ‘Price To Pay’ After It Downplays Defying Court Order To Search For Ballots

U.S. Postal Service Postmaster General Louis DeJoy
U.S. Postal Service Postmaster General Louis DeJoy

TOPLINE :The U.S. Postal Service said in court Wednesday that it did sweep its facilities for any undelivered ballots Tuesday in key battleground states despite not complying with a court-ordered deadline to do so—but a federal judge warned that USPS will likely face consequences for ignoring the “very important court order” on Election Day.

U.S. District Judge Emmet Sullivan in the District of Columbia ordered USPS Tuesday to have postal inspectors sweep many of its facilities in regions including battleground areas in Pennsylvania, Michigan, Wisconsin, Texas and Georgia for any undelivered ballots by 3 p.m.—but the USPS said in a subsequent court filing that while it was sweeping the facilities, it would not do so by that deadline.

Department of Justice lawyers representing USPS said at a status conference Wednesday afternoon there “wasn’t enough time” to get postal inspectors to postal facilities by 3 p.m. as the court had demanded, but that the sweeps themselves happened “even if the timing did not.”

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Electoral College 2020: Trump Takes Florida, Biden Wins Minnesota, Most Swing States Too Close To Call

Electoral College 2020
Electoral College 2020

TOPLINE

We’ll be updating this story all night with state results for one of the most chaotic elections in modern American history – check back for the latest.

Electoral vote count: Biden 223, Trump 145

Trump took the first major battleground as the AP called Florida for him at 12:35 a.m. – the Sunshine State was a must-win state for Trump, but Biden’s campaign took pains on Tuesday to stress the Democratic candidate has several paths to victory without it.

Biden was projected to win Minnesota at 12:13 a.m. – a target state for Trump, who lost there by just 1.5 points in 2016 – while Trump was forecast to take Montana and Iowa, reach states for Biden but ones that were possible for him to win on a good night.

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Rubio Floats Conspiracy Theory: Networks Won’t Call Florida To Suppress Trump Vote

Republican Party & Democratic Party
Republican Party & Democratic Party

TOPLINE

Sen. Marco Rubio (R-Fla.) floated a baseless conspiracy theory Tuesday night that media networks deliberately are holding back from calling the race in Florida for President Trump because they want to suppress the vote in other swing states—a wild claim that was quickly picked up by the Trump campaign.

By 11 p.m. EDT, major television networks had yet to call Florida for President Trump, prompting some members of the Trump campaign to cry foul even as the results remained close, and anchors reminded viewers it was difficult to project states with speed due to the large influx of mail ballots. 

“It’s over,” Rubio argued on Twitter, “So why won’t they call the race?”

The Florida senator went on to claim the networks had held back from calling Florida “to deny Trump an early swing state” before polls closed in Arizona and Nevada—suggesting the media networks had refrained from making the call deliberately to suppress the Trump vote.

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