Businesses

Europe's Most Valuable Tech Company Tries To Avoid the Chip War (bloomberg.com) 77

An anonymous reader quotes a report from Bloomberg: As the US escalates its campaign to undermine the Chinese semiconductor industry, Europe is trying -- with some success -- to avoid becoming collateral damage. At the center of the maneuvering is ASML, the Dutch manufacturer of chipmaking equipment and Europe's most valuable tech company. It's one of the very few producers of the sophisticated lithography machines needed to make midgrade semiconductors, and the only manufacturer of the equipment needed to make the most cutting-edge chips. That puts ASML in the spotlight for policymakers. ASML has never sold its extreme ultraviolet lithography machines, or EUVs, to Chinese clients. The Biden administration, as part of its attempt to keep China from developing the capability to make advanced semiconductors, has been trying to push the Dutch government to withhold ASML's older machines called immersion deep ultraviolet lithography machines, or DUVs, that can be used in combination with other technology to make advanced chips.

The European Commission, as well as the Dutch and German governments, have undertaken a coordinated lobbying campaign to oppose restrictions on a critical European company while US competitors continue to do business with Chinese companies, according to officials who spoke under the condition of anonymity because the talks are sensitive. They've argued in part that such restrictions are now pointless given that ASML, which generated 15% of its revenue in China last year, has already sold many of these machines to Chinese companies. When the US did push ahead in early October with more severe restrictions against doing business in China, its specific policies came as a relief to ASML and its political supporters. ASML wasn't hit directly by the new restrictions, which did make it harder for its US peers, such as Applied Materials and Lam Research, to sell advanced chip gear to China. Both companies warned investors that the new restrictions would significantly affect their financial performance.

The US Department of Commerce, which is responsible for the majority of rulemaking and enforcement, won't comment directly on specific companies or its negotiations with other governments. ASML is not an American company, limiting the US's power over its operations. But it commonly uses parts from the US, which gives Washington a degree of leverage. In the past, export controls have applied to products when at least 25% of their components are sourced from the US. But senior US officials now say products that contain any US components or intellectual property could be subjected to Washington's export approval process. Such a broad interpretation of the rules would be difficult for a company like ASML to work around.
"Europeans feared the new US policy would include provisions affecting immersion DUVs," adds Bloomberg. According to SML's chief executive officer, Peter Wennink, the company's initial assessment is that the new restrictions don't apply to ASML's products shipped out of the Netherlands. Roger Dassen, the chief financial officer, also said the direct impact is fairly limited, thanks to "the fact that we are a European company with limited US technology in it." However, Bloomberg notes ASML's shares "dropped as much as 19% in the days after the Oct. 7 announcement, although they partially recovered after it posted strong earnings."

"The US runs the risk of setting off a confrontation with Europe if it chooses to go ahead with new restrictions on immersion DUV machines," concludes the report. "It's unclear what chance officials have to convince their Dutch counterparts to impose additional restrictions on DUV sales, but there's little doubt the two allies aren't yet on the same page. China is the Netherlands's third-biggest trading partner after Germany and Belgium."
Youtube

YouTube's Latest Revenue Grab: A 27% Price Increase For Family Plans (arstechnica.com) 58

Not content with doing $28.8 billion in revenue in 2021, YouTube has recently gone on the hunt for more revenue-generating strategies. Now, the Google division has announced a price hike for YouTube Premium family plans. From a report: As 9to5Google was the first to spot, the family plan is jumping over 27 percent in the US, from $17.99 to $22.99, with other regions also seeing price hikes. Instead of making an official announcement, Google is quietly emailing existing subscribers. So far, it does not seem like the single-person YouTube Premium price (still $11.99 per month) is going up. The family plan lets a user share ad-free YouTube Premium with up to five same-household family members for a discounted rate. On iOS, all the prices are higher if you sign up through the App Store, which charges a 30 percent fee on every transaction. In Apple land, YouTube Premium's family plan was always $22.99, and now it's jumping up to $29.99 a month. You can avoid the Apple tax by just paying Google directly through the YouTube website.
Operating Systems

OpenBSD 7.2 Released 21

Longtime Slashdot reader lazyeye writes: The 53rd release of OpenBSD, version 7.2, has officially been released. Support for new platforms such as the Ampere Altra, Apple M2 chip, and support for Lenovo ThinkPad x13s and other machines using the Qualcomm Snapdragon 8cx Gen 3 (SC8280XP) SoC are now included, along with various kernel improvements. The announcement with all the details are available at the link [here] from the openbsd-announce mailing list.
United Kingdom

Liz Truss Says She Will Resign as UK Prime Minister 271

Prime Minister Liz Truss announced on Thursday that she would resign, just days after her new finance minister reversed virtually all of her planned tax cuts, sweeping away a free-market fiscal agenda that promised a radical policy shift for Britain but instead plunged the country into weeks of economic and political turmoil. From a report: "I cannot deliver the mandate on which I was elected," she said in brief remarks outside Downing Street. She said she had informed King Charles III that she was resigning as leader of the Conservative Party, and that she would remain leader and prime minister until a successor is chosen within a week.

Her departure, after only six weeks in office, was a shockingly rapid fall from power, and throws her Conservative Party into further disarray, following the messy departure of Boris Johnson from Downing Street over the summer. The announcement came minutes after Ms. Truss held an unscheduled meeting with Graham Brady, the head of a group of Conservative lawmakers known as the 1922 Committee that plays an influential role in selecting the party leader. Ms. Truss's political viability had become tenuous after her proposals for broad unfunded tax cuts roiled markets and sent the pound's value plunging. She suffered a grave blow on Monday, when her newly appointed chancellor of the Exchequer, Jeremy Hunt, said that the government was undoing the last vestiges of Ms. Truss's tax proposals.
Financial Times adds: She will go down in history as Britain's shortest-serving prime minister, her government having collapsed in the wake of its failed "mini" budget of last month, which contained $50.6bn of unfunded tax cuts and triggered turmoil in the sterling and gilt markets.
AI

Waymo's Self-Driving Taxi Service Is Coming to LA (bloomberg.com) 12

Waymo, Alphabet's driverless-vehicle unit, plans to expand its robo-taxi service to Los Angeles, the third region where it will be offered. From a report: The company will follow the same playbook for the service, called Waymo One, that it has elsewhere, according to an announcement Wednesday. Local employees will try the program first, followed by so-called "trusted testers" who sign nondisclosure agreements, followed by unaccompanied, paying members of the public. Waymo One is already open to the general public in the Phoenix metro area and is in the advanced testing stage in the more crowded downtown areas of Phoenix and San Francisco.
Ubuntu

Ubuntu's New Terminal 'Ad' is Angering Users (omgubuntu.co.uk) 106

Joey Sneddon, reporting at OMG! Ubuntu: In September I tweeted a screenshot of something unexpected that has started to show up in the terminal when I ran system updates. It didn't enrage me at the time (and it kinda still doesn't) but I did find it a little ... Off. Now, if you're suitably tuned-in to the Linux newswire and/or an avid attendee of social media you'll probably heard about the drama in question. If you haven't, then allow me to... Yes, the furore is over an "ad" for Ubuntu Pro, Canonical's revamped support offering that replaces/augments Ubuntu Advantage (which has been around for many years) that appears in the terminal when managing system updates.

Other people are calling it an "ad" (hence quote marks). I prefer the term plug (which, it turns out, some people aren't familiar with; it means to mention something in order to promote it). For although this sentence is technically advertising something, in this case Ubuntu Pro, the offering itself is free for regular users (on up-to five devices). Thus, it's not like this is an "ad" that generates Canonical revenue. It's more akin to a public service announcement to raise awareness.

United States

FTC Wants To Add Right To Repair To Existing Energy Saving Rules (vice.com) 34

The Federal Trade Commission (FTC) announced this week that it's thinking about updating its energy labeling rules to require manufacturers to provide people with repair instructions. From a report: According to the press release on the FTC website, the commission wants to revise its energy-saving Energy Guide Rules, and is looking for public comment. "We look forward to hearing from the public on our initiative to reduce energy costs, promote competition, and strengthen repairability," Samuel Levine, Director of the FTC's Bureau of Consumer Protection, said in the press release. "As prices rise, the Commission will continue to take aggressive action to protect consumers' pocketbooks and strengthen their right to repair their own products."

You've probably seen the yellow label on some appliances like your water heater or the back of your refrigerator. The FTC run program tells consumers how much energy the product uses in a year and what that might cost you. The proposed expansion would also make manufacturers share repair instructions with its customers. "Repairing a product instead of replacing it is one of the best ways to cut down the environmental impact of our appliances. Including repair requirements as part of the Energy Guide program is the right thing for the planet and important for consumers," Nathan Proctor, PIRG's Senior Right to Repair Campaign Director, said in a press release after the announcement.

IT

DuckDuckGo's Privacy-Focused Mac Browser is Now Available for Public Beta Testing (theverge.com) 13

DuckDuckGo is rolling out its web browsing app for Mac users as an open beta test. Designed for privacy, the app was announced back in April as a closed beta, but is now available for all Mac users to try before its official public launch. From a report: The desktop browser includes the same built-in protections we've seen already featured in DuckDuckGo's mobile apps, combining DuckDuckGo's search engine, defenses against third-party tracking, cookie pop-up protection, and its popular one-click data clearing 'Fire Button.' Some additional features have been added to the browser (version 0.30) since its original announcement.

Now users can try Duck Player, a feature that protects users from targeted ads and cookies while watching YouTube content. Ads viewed within the Duck Player will not be personalized, which DuckDuckGo claims actually removed most YouTube ads as a result during testing. YouTube will still register your views, but content watched through Duck Player won't contribute to your YouTube advertising profile. Pinned tabs and a new bookmarks bar have been included to address feedback from early beta testing, as well as a way to view your locally stored browsing history. DuckDuckGo's Cookie Consent Pop-Up Manager is also available which works on about 50 percent of sites (with more to come) to automatically choose the most private option and spare users from the annoying pop-up messages. The app also lets you activate DuckDuckGo Email Protection on the desktop to better protect your inbox with email tracker blocking.

Data Storage

Datacenter Fire Takes Out South Korea's Top Two Web Giants (theregister.com) 10

South Korea's two largest domestic internet companies, Naver and Kakao, have experienced significant service interruptions after the datacenter that hosts much of their infrastructure was shut down by a Sunday fire. The Register reports: The datacenter in question is operated by SK C&C, one of the many arms of South Korean conglomerate SK. SK C&C offers a range of cloud and tech infrastructure services, bills itself as a "total digital transformation partner" and operates three datacenters, in which it happily houses client systems. The one in Pangyo, just south of South Korea's capital Seoul, was built in 2014, covers 66,942 square meters, and boasts what SK C&C describes as "Latest/eco-friendly technology". And it caught fire on the weekend. The company has not said what cause the facility to catch fire, nor the extent of the blaze.

But many services from Kakao and Naver were unavailable for many hours at a time, starting from Saturday afternoon. Impact of the outages was wide. The tweet below is an example of one business's reaction. Kakao has acknowledged the outage in a blog post that apologizes for the service interruption and slow restoration, and admits that disaster recovery efforts were delayed. The company has created an Emergency Response Committee and three sub-committees -- one to probe the cause of the incident, another to develop disaster countermeasures, and a third to arrange compensation for stakeholders. Naver's announcement admits that "some functions such as search, news, shopping, cafe, blog, open talk, and smart store center had errors." The company says all services have now been restored.

Security

Shein Owner Fined $1.9 Million For Failing To Notify 39 Million Users of Data Breach (techcrunch.com) 5

Zoetop, the firm that owns Shein and its sister brand Romwe, has been fined (PDF) $1.9 million by New York for failing to properly disclose a data breach from 2018. TechCrunch reports: A cybersecurity attack that originated in 2018 resulted in the theft of 39 million Shein account credentials, including those of more than 375,000 New York residents, according to the AG's announcement. An investigation by the AG's office found that Zoetop only contacted "a fraction" of the 39 million compromised accounts, and for the vast majority of the users impacted, the firm failed to even alert them that their login credentials had been stolen. The AG's office also concluded that Zoetop's public statements about the data breach were misleading. In one instance, the firm falsely stated that only 6.42 million consumers had been impacted and that it was in the process of informing all the impacted users.
Google

Google is Bringing Passkey Support To Android and Chrome (googleblog.com) 63

Android Developers Blog: Passkeys are a significantly safer replacement for passwords and other phishable authentication factors. They cannot be reused, don't leak in server breaches, and protect users from phishing attacks. Passkeys are built on industry standards and work across different operating systems and browser ecosystems, and can be used for both websites and apps. Passkeys follow already familiar UX patterns, and build on the existing experience of password autofill. For end-users, using one is similar to using a saved password today, where they simply confirm with their existing device screen lock such as their fingerprint. Passkeys on users' phones and computers are backed up and synced through the cloud to prevent lockouts in the case of device loss. Additionally, users can use passkeys stored on their phone to sign in to apps and websites on other nearby devices.

Today's announcement is a major milestone in our work with passkeys, and enables two key capabilities: Users can create and use passkeys on Android devices, which are securely synced through the Google Password Manager. Developers can build passkey support on their sites for end-users using Chrome via the WebAuthn API, on Android and other supported platforms. To try this today, developers can enroll in the Google Play Services beta and use Chrome Canary. Both features will be generally available on stable channels later this year. Our next milestone in 2022 will be an API for native Android apps. Passkeys created through the web API will work seamlessly with apps affiliated with the same domain, and vice versa. The native API will give apps a unified way to let the user pick either a passkey or a saved password. Seamless, familiar UX for both passwords and passkeys helps users and developers gradually transition to passkeys.

For the end-user, creating a passkey requires just two steps: (1) confirm the passkey account information, and (2) present their fingerprint, face, or screen lock when prompted. Signing in is just as simple: (1) The user selects the account they want to sign in to, and (2) presents their fingerprint, face, or screen lock when prompted. A passkey on a phone can also be used to sign in on a nearby device. For example, an Android user can now sign in to a passkey-enabled website using Safari on a Mac. Similarly, passkey support in Chrome means that a Chrome user, for example on Windows, can do the same using a passkey stored on their iOS device. Since passkeys are built on industry standards, this works across different platforms and browsers - including Windows, macOS and iOS, and ChromeOS, with a uniform user experience.

The Internet

Amazon To Launch First of Its Kuiper Internet Satellites on ULA Rocket (washingtonpost.com) 22

The first two satellites of Amazon's space-based internet constellation will be launched early next year on the maiden flight of a new rocket being developed by one of the U.S. Space Force's biggest contractors. In an announcement Wednesday, Amazon said it would hitch a ride on the new Vulcan rocket being developed by the United Launch Alliance, a joint venture of Boeing and Lockheed Martin. From a report: The prototype satellites, part of Amazon's Kuiper system that would beam the internet to stations on the ground, were initially scheduled to launch by the end of this year by rocket start-up ABL Space Systems. But delays and the opportunity to launch with ULA, which was already contracted for 47 launches of satellites for Amazon, compelled the company to switch rockets, Rajeev Baydal, the vice president of technology for Project Kuiper, said in an interview. Amazon has permission from the Federal Communications Commission to put up 3,236 satellites, helping connect people without easy access to broadband, as it seeks to compete with SpaceX's Starlink system. The company has pledged to invest more than $10 billion into a system it says will serve not only individual households, but also schools, hospitals and businesses that don't have access to reliable broadband. Baydal said that Amazon now has 1,000 people working on the project as it seeks to grab a part of the lucrative internet market taking hold in space.
Cloud

Google Reveals 'First Laptops Built For Cloud Gaming' Just After Killing Stadia (forbes.com) 46

Google has announced what it's calling "the world's first laptops built for cloud gaming," less than two weeks after announcing plans to shut down Stadia. Forbes reports: Google says the Acer Chromebook 516 GE, ASUS Chromebook Vibe CX55 Flip and Lenovo Ideapad Gaming Chromebook all have refresh rates of at least 120Hz, displays with up to 1600p resolution, immersive audio and, critically for cloud gaming, WiFi 6 or 6E connectivity. Some models have RGB keyboards too. Subject to availability, you may get a SteelSeries Rival 3 gaming mouse at no extra cost if you pick up one of these Chromebooks. All three laptops were benchmarked by GameBench to ensure that they're capable of running games at 120 frames per second at 1080p resolution. You should get input latency of under 85 ms as well. Google notes that's "console-class" input latency.

[...] Google is bringing some neat cloud gaming features to these Chromebooks. For one thing, the devices will support Xbox Cloud Gaming, Amazon Luna and NVIDIA GeForce Now. In the latter case, Google worked with NVIDIA to ensure these Chromebooks support GeForce Now's highest RTX 3080 tier. That enables cloud gaming at 120 fps at a resolution of 1600p on these systems, which come with the GeForce Now app preinstalled. You'll also be able to install Xbox Cloud Gaming as a web app on your Chromebook. Additionally, these Chromebooks will come with three-month trials for both the GeForce Now RTX 3080 tier and Amazon Luna. Meanwhile, it could be pretty easy for you to find and start playing games on these services through ChromeOS. If you search for a game in the launcher (i.e. through the Everything Button), you'll see where it is available. You'll then be able to load up the game with a single click. To begin with, this feature will be compatible with GeForce Now and the Play Store.
"It's good to see that Google hasn't entirely given up on cloud gaming," adds Forbes. "Still, the timing of this announcement comes at a very odd time."
Facebook

Meta Announces Legs (techcrunch.com) 84

Meta didn't hold back with their announcements at Meta Connect this year. As Facebook has done every year or so, the company is shaking up their avatar products. From a report: This year as Meta focuses more heavily on the metaverse, the company made a big addition to their updated higher-detail avatars: legs. The announcement that the avatars, which were previously floating torsos with arms and heads, now have evolved to walk was something Zuckerberg was very excited about with his avatar jumping for joy during the keynote. From February this year: Why You Can't Have Legs in Virtual Reality (Yet).
Privacy

Toyota Discloses Data Leak After Access Key Exposed On GitHub (bleepingcomputer.com) 9

An anonymous reader quotes a report from BleepingComputer: Toyota Motor Corporation is warning that customers' personal information may have been exposed after an access key was publicly available on GitHub for almost five years. Toyota T-Connect is the automaker's official connectivity app that allows owners of Toyota cars to link their smartphone with the vehicle's infotainment system for phone calls, music, navigation, notifications integration, driving data, engine status, fuel consumption, and more. Toyota discovered recently that a portion of the T-Connect site source code was mistakenly published on GitHub and contained an access key to the data server that stored customer email addresses and management numbers. This made it possible for an unauthorized third party to access the details of 296,019 customers between December 2017 and September 15, 2022, when access to the GitHub repository was restricted.

On September 17, 2022, the database's keys were changed, purging all potential access from unauthorized third parties. The announcement explains that customer names, credit card data, and phone numbers have not been compromised as they weren't stored in the exposed database. Toyota blamed a development subcontractor for the error but recognized its responsibility for the mishandling of customer data and apologized for any inconvenience caused. The Japanese automaker concludes that while there are no signs of data misappropriation, it cannot rule out the possibility of someone having accessed and stolen the data. For this reason, all users of T-Connect who registered between July 2017 and September 2022 are advised to be vigilant against phishing scams and avoid opening email attachments from unknown senders claiming to be from Toyota.

United States

Biden Pardons All Federal Simple Marijuana Possession Offenses (arstechnica.com) 316

President Biden on Thursday announced that he is pardoning all prior federal offenses of simple marijuana possession and encouraged state governors to do the same for state offenses. He also directed federal officials to review how marijuana is classified under the Controlled Substances Act. From a report: "There are thousands of people who have prior federal convictions for marijuana possession, who may be denied employment, housing, or educational opportunities as a result," Biden said in a statement. "My action will help relieve the collateral consequences arising from these convictions." The blazing announcement means that all prior charges, convictions, and not-yet-prosecuted offenses will be pardoned. The Justice Department will set up an administrative process for those affected to obtain a certificate of pardon. Senior administration officials estimated that over 6,500 people will get federal pardons and thousands more with convictions under code in the District of Columbia will be impacted. However, the officials noted that there are currently no people in federal prisons solely on simple marijuana possession convictions. The vast majority of simple marijuana possession convictions are state convictions, which will not be affected by the federal pardons. That's why Biden has called upon governors to extend the pardons to those charges.
China

Apple Asks Suppliers To Shift AirPods, Beats Production To India (nikkei.com) 55

Apple is asking suppliers to move some AirPods and Beats headphone production to India for the first time, in a win for the South Asia nation as it attempts to rise in the global supply chain. Nikkei Asia Review reports: The move is part of Apple's gradual diversification from China, as it looks to lower the risk of supply chain disruptions stemming from the country's strict zero-COVID policy and tensions with the U.S. Apple has been talking with a number of its suppliers about increasing production in India, including of key acoustics devices, as early as next year, three people familiar with the matter told Nikkei Asia. In response, iPhone assembler Foxconn is preparing to make Beats headphones in the country, and hopes to eventually produce AirPods there as well, two people with direct knowledge of the matter said.

Luxshare Precision Industry and its affiliates, which already produce AirPods in Vietnam and China, also plan to help Apple make the popular wireless earphones in India, sources said. However, Luxshare is focusing more on its Vietnamese AirPods operations for now and could be slower than its competitors in starting meaningful production of Apple products in India, one of the people said. Bringing AirPods and Beats production to India would enlarge Apple's production footprint in the country, following a recent announcement that the latest iPhone is already being made there. Apple started having some older iPhone models made in India in 2017 by a smaller supplier, Wistron, but only accelerated such production last year.

Cloud

Google Picks South Africa For Its First Cloud Region In Africa (techcrunch.com) 16

An anonymous reader quotes a report from TechCrunch: Tech giant Google has today announced the launch of a cloud region in South Africa, its first in the continent, playing catch-up to other top providers like Amazon Web Services (AWS) and Microsoft Azure, which made inroads into the continent a few years ago. Google said it is also building Dedicated Cloud Interconnect sites, which link users' on-premises networks with Google's grid, in Nairobi (Kenya), Lagos (Nigeria) and South Africa (Capetown and Johannesburg), in its quest to provide full-scale cloud capabilities for its customers and partners in Africa.

Google plans to tap its private subsea cable, Equiano, which connects Africa and Europe, to power the sites. Equiano has been under development since 2019 and has so far made four landings -- in Togo, Namibia, Nigeria and South Africa. South Africa now joins Google's global network of 35 cloud regions and 106 zones worldwide, and the announcement follows the recent preview launch of regions in Malaysia, Thailand and New Zealand. Google Cloud regions allow users to deploy cloud resources from specific geographic locations, and access several services including cloud storage, compute engine and key management systems.

The decision to set up a region in South Africa was informed by the demand for cloud services and the market's potential. Still, the company is looking to launch in more markets within the continent as demand for its products soars. Its early adopters include large enterprise companies, and e-commerce firms like South Africa's TakeAlot and Kenya's Twiga. According to research by AlphaBeta Economics, commissioned by Google Cloud, the South Africa cloud region will contribute over $2.1 billion to South Africa's GDP and support the creation of more than 40,000 jobs by 2030. Google Cloud, Azure by Microsoft and AWS are the three biggest public cloud storage players in the world, according to data from Gartner, but it's unclear why, until now, Google has been absent in Africa.
"We are excited to announce the first Google Cloud region in Africa. The new region will allow for the localization of applications and services. It will make it really easier for our customers and partners to quickly deploy solutions for their businesses, whereby they're able to leverage our computer artificial intelligence or machine learning capabilities, and data analytics to make smarter business decisions as they go forward," said Google Cloud Africa director, Niral Patel.

"What we're doing here is giving customers and partners a choice on where they'd like to store their data and where they'd like to consume cloud services, especially in the context of data sovereignty. This allows customers to then store the data in the country should they choose to do so... I guess for me the most important element is that it gives customers the element of choice."
Businesses

Micron To Spend Up To $100 Billion To Build a Computer Chip Factory In New York (cnbc.com) 50

Micron will spend up to $100 billion over at least the next two decades building a new computer chip factory in upstate New York, the state said on Tuesday. CNBC reports: The announcement, first reported by The New York Times, comes after the passage of the CHIPS and Science Act of 2022, a federal law championed by Senate Majority Leader Chuck Schumer, D-N.Y., that allocates $52 billion to encourage more domestic semiconductor production. Micron CEO Sanjay Mehrotra credited the passage of the law for making the investment possible, according to the Times. [...] When the CHIPS Act became law, it spurred a wave of investment announcements by semiconductor companies, including Micron, which at the time pledged $40 billion through 2030 for U.S. chip manufacturing, saying it would create up to 40,000 domestic jobs. Qualcomm also committed to buying an additional $4.2 billion worth of chips from GlobalFoundries' plant in New York. Intel had said its plans to invest up to $100 billion in chip manufacturing in Ohio relied heavily on the federal legislation.

New York's Democratic governor, Kathy Hochul, also played a role, working to persuade Micron to bring its plant to Clay, a town near Syracuse, the Times reported. The performance-based incentive package from the state is valued at $5.5 billion and is tied to Micron's commitment to create 9,000 new jobs as well as following through on the $100 billion investment. Micron must also meet certain sustainability standards to get the tax credits. According to a press release from Hochul's office, an economic impact study by Regional Economic Models found the project will create an average of nearly 50,000 jobs in New York state per year over the first 31 years of its operation. It also estimated it would generate an additional $16.7 billion in real, inflation-adjusted, economic output for the state.

Businesses

Amazon Freezes Corporate Hiring in Its Retail Business (nytimes.com) 32

Amazon is freezing corporate hiring in its retail business for the rest of the year, according to an internal announcement obtained by The New York Times, making it the latest tech company to pull back amid the economic uncertainty. From a report: The email to recruiters announced that the company was halting hiring for all corporate roles, including technology positions, globally in its Amazon stores business, which covers the company's retail and operations, and accounts for the bulk of Amazon's sales. About 20,000 openings were posted in that division as of Monday evening. The company's cloud computing division, which is much more profitable than its retail business, will not be affected by the freeze. Some roles, such as student hiring and field positions, were exempt from the pause, the email said. The email said recruiters should tell job candidates that Amazon was not in a hiring freeze, though it went on to say all open job requisitions should be closed in the coming days.

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