TECH

Pentagon to reap rewards from $53B Chips Act

Commerce Secretary Gina Raimondo has outlined further details of the implementation of the Chips Act, which will include government sharing in excess profits and DOD priority.

Intel slashes dividend

The Intel Corp.’s board of directors announced the reduction of its quarterly dividend to $0.125 per share of the company’s common stock due to macroeconomic uncertainty.

Ericsson to cut 1,400 Jobs as orders slow

The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023.