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Intel warns of two-year chip shortage

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CEO Pat Gelsinger has warned the worst of the global chip crisis is yet to come, after Intel reported flat revenues for 2021.

The chip shortage, caused by a combination of the pandemic, global supply shortages and poor relations between the US and China is likely to last well into 2023, according to Gelsinger.

The company reported a slight two percent YoY revenue rise for the second quarter of the year, from $18.2 billion to $18.5 billion. It forecasts a 5.4% revenue increase for Q3, as well as a modest full-year growth of one percent to $73.5 billion. 

What is big tech doing?

Intel is set to announce the construction of new semiconductor factories in Europe and the US, after the Biden administration announced $52 billion of infrastructure spending to combat the shortage.

The firm’s recently embarked upon IDM 2.0 strategy combines internal manufacturing capacity with the use of third-party producers, which positions the company to weather the challenges and build a more resilient supply chain.

Roughly 25% of Intel’s revenue is tied up in China, which Gelsinger says has “an insatiable thirst for technology that helps them digitise their economy”.

He said he hoped that Intel could be “as influential as possible” in bringing back good relations between the US and China.

In its roadmap to 2025, Intel also announced a move to smaller, more powerful semiconductors to combat chip shortages

The company aims to move away from naming its chip tech using nanometres – which they originally used to name the small spaces between transistors, but has since become a marketing term.

“It’s a lot of years since we were actually measuring physical dimensions,” says Gelsinger, acknowledging that the “industry has drifted away from how Intel looked at it.”

“It’s a new era of 3D structures and atomic level devices,” he says, citing new architecture and power delivery networks that he hopes will drive the firm forward in the coming decade.

find out more about the global chip shortage here

Tech

Facebook, YouTube remove Bolsonaro video with false vaccine claim

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Facebook and YouTube have both removed videos from their platforms featuring Brazil President Jair Bolsonaro, in which the leader makes a false claim that COVID-19 vaccines are linked to developing AIDS.

Both sites said the video violated their policies.

“We removed a video from Jair Bolsonaro’s channel for violating our medical disinformation policy regarding COVID-19 for alleging that vaccines don’t reduce the risk of contracting the disease and that they cause other infectious diseases, and that they cause other infectious diseases,” YouTube said in a statement.

Last month, YouTube moved to remove vaccine misinformation of all kinds from its platform, and has removed more than 1 million videos related to COVID-19 vaccine misinformation since the pandemic began.

Earlier this year, YouTube removed videos from Bolsonaro’s official channel where he recommended using hydroxychloroquine and ivermectin against COVID-19, two drugs that are proven to be ineffective in the treatment of the disease.

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End of scam calls? UK telco’s agree to auto-block

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Complaints from UK citizens being harassed with scam calls have been heard by the country’s telco giants

Britain’s major telecommunication company’s have agreed to automatically block almost all internet calls coming from abroad if they pretend to be from UK numbers, Ofcom has confirmed.

Scammers have been using internet-based calling technology to make it look like a phone call or text is coming from a real telephone number within Britain, rather than opting for a “No Caller ID”

Almost 45 million consumers were targeted by scam calls this summer.

Ofcom said it expected the measures to be introduced at pace as a “priority”.

Approximately 45 million consumers were targeted by phone scams this summer. | Image: File

Currently, just one telco, TalkTalk, has implemented the new plans

Other phone networks such as Vodafone are still exploring methods of making it work.

“We’ve been working with telecoms companies to implement technical solutions, including blocking at source, suspicious international calls that are masked by a UK number,”

said Lindsey Fussell, Ofcom’s networks and communications group director.
Lindsey Fussell (Ofcom)

“We expect these measures to be introduced as a priority, and at pace, to ensure customers are better protected.”

She added tackling the phone scams issue was a “complex problem” that required a coordinated effort from the police, government, other regulators and industry.

The move follows months of discussions between Ofcom and the UK telecoms industry.

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Business

Facebook papers – over 10,000 internal documents leaked

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More than ten thousand pages of internal documents have been found, exposing Facebook’s illegal dealings

CNN uncovered the company’s reluctance to prevent violence on its platform in “At risk” countries like Ethiopia, that is currently in a civil war.

Additionally, Facebook has been previously exposed for and has been found to still be recruiting, buying and selling domestic servants

A Facebook spokesperson said “the company prohibits human exploitation” and the platform has been combatting human trafficking for many years.

This all comes as Facebook whistleblower Frances Haugen’s legal council revealed the documents to Congress

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