In a speech coming up this week, Barack Obama will give props to Globalfoundries, the Abu Dhabi-owned microchip joint venture, EETimes says.
With billions of delicious petrodollars, courtesy of Abu Dhabi's Advanced Technology Investment Company (Atic), Globalfoundries is about to build one of the world's most advanced semiconductor fabrication plants in upstate New York.
That makes Obama happy (as it should) and he will reference it in a speech on the role technology and education play in America's economic future, the report says. He's giving the speech at a community college near the site of the $4.2 billion factory, but there is no word yet on whether he will make a quick visit to the site.
He should. Of all the things that Gulf countries could possibly do with their epic oil wealth, investing into American high technology and R&D must be, from a US viewpoint, one of the best. As we've mentioned before, a significant number of the limited partners (LPs) that bankroll American venture capital companies are already from the Gulf.
And given that the speech is next Monday, it could turn out, depending on lunar observations, to be a nice way to say Eid mabrouk to an important, low-key US ally. Which reminds me - Eid mabrouk, Beep Beep readers. See you next week.
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Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
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Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate.
Popular Vote Tally
The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.
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Business Insights
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Chelsea 3 (Abraham 11', 17', 74')
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Company%20profile
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