The Federal Reserve has implemented 11 interest rate hikes since March 2022. More than a third of Americans said rising rates kept them from financial comfort. So, how much money do Americans need to be comfortable? Watch the full video here: https://youtu.be/TgVtXT5Mqj0

source

CNBC Marathon explores various tech companies manufacturing chips on U.S. soil.
Micron, Samsung and SK Hynix are responsible for making 90% of the world’s DRAM memory chips, and Micron is the only one based in the U.S. That’s made it the latest target of bans from China. Yet Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov. Kathy Hochul in New York to hear about the new fabs. We also asked Senate Majority Leader Chuck Schumer about Micron ahead of his meeting with Chinese President Xi Jinping.

Arm beat expectations in its first post-IPO earnings report in November 2023. Its low-power chip architecture is in nearly every smartphone, replaced Intel’s x86 processors in Apple’s Mac computers, and is the basis for Qualcomm’s PC processors, and Amazon’s data center chips. CNBC went to Arm in Cambridge, England, to find out how it became the year’s biggest IPO despite 20% of revenue coming from China, struggling smartphone sales, and a failed $40 billion acquisition attempt by Nvidia.

Texas has taken the top spot as the center of U.S. chip manufacturing. The Lone Star State now has more semiconductor fabrication plants than any other state, and six new projects will bring an estimated $61 billion of investment and 8,000 jobs. The integrated circuit was invented in Texas more than 60 years ago, and chip companies are attracted by low taxes, plentiful land, and the $1.4 billion Texas CHIPS Act passed in June. CNBC got a rare look inside three massive chip fabs and toured the two biggest projects under construction: Texas Instruments’ $30 billion site north of Dallas and Samsung’s $17 billion fab near Austin.

Chapters:
00:00 Introduction
01:13 How Micron’s Building Biggest U.S. Chip Fab, Despite China Ban (Published October 2023)
18:45 How Arm Powers Chips By Apple, Amazon, Google And More (Published November 2023)
34:32 How Texas Became The American Chipmaking Hub (Published July 2023)

Produced by: Katie Tarasov
Edited by: Amy Marino, Evan Lee Miller
Supervising Producer: Jeniece Pettitt
Animation: Andrea Schmitz, Christina Locopo, Jason Reginato
Camera: Tasia Jensen, Mickey Todiwala, Ben Farrar, Kent Kessinger, Sydney Boyo, Katie Brigham, Max Thurlow
Additional Camera: Andrew Evers
Additional Footage: AMD, Apple, Arm, Getty Images, Google, Intel, KCBD, Microsoft, Nividia, NXP, Office of Governor Kathy Hochul, Panda Power Funds, Samsung, SK Hynix, Texas Instruments, TSMC

» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Want to earn some extra money on the side? Take CNBC’s new online course How to Start a Side Hustle to learn tips to get started and strategies for success from top side hustle experts. Pre-register now and use coupon code EARLYBIRD for an introductory discount of 30% off $97 (+taxes and fees) through April 1, 2025: https://cnb.cx/4gPqi2y

Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC on Threads: https://cnb.cx/threads
Follow CNBC News on X: https://cnb.cx/FollowCNBC
Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC

#CNBC

How Chips Are Made In The U.S.| CNBC Marathon

source

Rocket Lab’s Electron rocket comes at a price tag that’s only a fraction of the $50 million or more it costs to launch a larger rocket. How will that revolutionize the industry and expand who will be able to send satellites into space?

Rocket Lab put seven spacecraft in orbit on Saturday with its first commercial launch, as the company grew its lead in the burgeoning small rocket industry.

Delayed from this past spring, the “It’s Business Time” launch marks the beginning of Rocket Lab’s acceleration toward launching at a weekly rate. The rocket builder reached orbit for the first time in January with its final test launch but saw this commercial attempt delayed due to a “motor control” issue with the rocket.

“Perfect flight,” Rocket Lab CEO Peter Beck said in a tweet after the launch. “Orbital accuracy was exquisite.”

Rocket Lab is building small rockets priced at about $5.7 million a launch. The company’s Electron rocket is designed to launch spacecraft up to the size of a refrigerator, especially for the premium small satellite part of the rocket market. Small rockets like Electron can save customers months of time getting to orbit but come at a higher cost compared to flying as a “rideshare” on a larger rocket like the SpaceX Falcon 9.

“It’s Business Time” launched six satellites for Spire, Tyvak, Fleet and the Irvine CubeSat STEM program. The launch also included a spacecraft built by HPS GmbH to demonstrate a new technology to reduce space debris.

The launch keeps Rocket Lab – valued at more than $1.2 billion and based in New Zealand and California – at the front of the pack in the small rocket race. Beck estimates there are over 100 companies trying to catch up. But Rocket Lab has another launch scheduled for December, as well as 16 launches planned for 2019.

Rocket Lab has a backlog of launches for the next 18 months, Beck said, which is “around a $3 billion pipeline.” The factories in New Zealand and California “have been specifically designed to produce one rocket a week,” Beck said. Rocket Lab aims to be launching at a weekly rate in 2020.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

#CNBC
#RocketLab
#SmallRocket

This Rocket Unicorn Wants To Be The FedEx Of Space

source

CNBC’s Andrew Ross Sorkin demos a giant robot made by Hankook Mirae. It’s a 13-foot high, 1.6 ton walking machine that looks …

source

CNBC’s Julia Boorstin and James Dix, Wedbush Securities media analyst, discuss the news that Fox News has announced they will not be keeping Bill O’Reilly on at the cable network.
» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC

About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.

Connect with CNBC News Online
Get the latest news: http://www.cnbc.com/
Find CNBC News on Facebook: http://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: http://cnb.cx/FollowCNBC
Follow CNBC News on Google+: http://cnb.cx/PlusCNBC
Follow CNBC News on Instagram: http://cnb.cx/InstagramCNBC

Bill O’Reilly Out At Fox News | Power Lunch | CNBC

source