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The Trump administration’s big Intel investment comes from already awarded grants | TechCrunch

The Trump administration’s big Intel investment comes from already awarded grants | TechCrunch

Intel officially announced an agreement with President Donald Trump’s administration on Friday afternoon, following Trump’s statement that the government would be taking a 10% stake in the struggling chipmaker.

While Intel says the government is making an “$8.9 billion investment in Intel common stock,” the administration does not appear to be committing new funds. Instead, it’s simply making good on what Intel described as “grants previously awarded, but not yet paid, to Intel.”

Specifically, the $8.9 billion is supposed to come from $5.7 billion awarded-but-not-paid to Intel under the Biden administration’s CHIPS Act, as well as $3.2 billion also awarded by the Biden administration through the Secure Enclave program.

In a post on his social network Truth Social, Trump wrote, “The United States paid nothing for these shares.” Nonetheless, he described this as “a great Deal for America and, also, a great Deal for INTEL.”

Trump has been critical of the CHIPS Act, calling it a “horrible, horrible thing” and calling on House Speaker Mike Johnson to “get rid” of it. In a regulatory filing in June, Intel said that while it had already received $2.2 billion in CHIPS Act funding, it had subsequently requested an additional $850 million in reimbursement that the government had not yet paid.

According to The New York Times, some bankers and lawyers believe the CHIPS Act may not allow the government to convert its grants to equity, opening this deal to potential legal challenges.

In addition to his targeting of the CHIPS Act, earlier this month Trump also accused Intel CEO Lip-Bu Tan of conflicts of interests and said he should “resign immediately.” The president was more positive about Tan on Friday, saying on Truth Social that he “negotiated this deal with Lip-Bu Tan, the Highly Respected Chief Executive Officer of the Company.”

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For his part, Tan said in a statement that the company is “grateful for the confidence the President and the Administration have placed in Intel, and we look forward to working to advance U.S. technology and manufacturing leadership.”

Intel’s announcement also says the government’s investment will be “passive,” with no board seats or other governance and information rights.

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You know those little ADT security signs? You know, the ADT logo-emblazoned yard signs or stickers you find in front of houses or slapped on a window by the front door. Well, ADT is rethinking them: today, the home security company announced the ADT Live Light, a light-up version of its logo yard sign that will—you guessed it—shine when your ADT alarm system has been tripped. 

Besides being a visual indicator for your neighbors that something is amiss, ADT says the Live Light could be useful in helping first responders identify which house is yours. It would also serve the same purpose as the stickers and yard signs that came before it: letting would-be intruders know that they risk triggering an alarm by messing with your stuff. And while it can activate automatically, you can also turn it on using the ADT+ app if you want.

The Live Light is wireless and powered by three included AAA lithium batteries. It’s IP65-rated, meaning it should be dust-proof and resistant to water jets from any direction, and should operate in temperatures ranging from 4 to 122 degrees Fahrenheit. Both good things if you’re expecting people to leave their light-up sign out in the elements year-round (although those of us in the Midwest might want to bring it in for a couple of months in the winter). The sign itself is 10 x 10 inches tall and 1.75 inches thick, and goes into the ground with a 21-inch stake, although it can also be wall-mounted. 

The Live Light requires a $25-per-month ADT Professional Monitoring subscription and costs $50, including professional installation. There’s no option to install it yourself; ADT requires that one of its own installers carry out what doesn’t strike me as a terribly complicated procedure. (But what do I know? I’m just a little ol’ country technology reporter.)

Images showing the ADT My Safety feature in the ADT+ app.
© ADT

ADT also announced a new ADT+ app feature called My Safety. My Safety extends ADT’s subscriber service beyond your house by letting you do things like set a check-in timer that, if missed, will prompt ADT to contact emergency services for you. It also offers the manual options of speaking or texting with ADT agents, or setting an “Emergency Phrase” that lets you speak a custom phrase to summon help—that is, ADT will again contact emergency services for you. The company says subscribers will be able to use that last feature even if their phone isn’t in their hand, and I’ve asked exactly how that works.

For the My Safety feature, there’s no call history, and for subscriptions with multiple people on them, only the person who initiates a call with ADT monitoring will be able to see status, activity, alerts, and notifications. It’s nice to see the company has thought of that—it can be important for victims of abuse to be able to discreetly seek help. An ADT representative told Gizmodo via email that the ADT+ app update with My Safety is available now for all subscribers in the U.S., except in Milwaukee, WI.

#ADTs #Big #Idea #LightUp #ADT #Sign #YardADT,apps,Home security,Smart Home">ADT’s New Big Idea Is a Light-Up ADT Sign for Your Yard
                You know those little ADT security signs? You know, the ADT logo-emblazoned yard signs or stickers you find in front of houses or slapped on a window by the front door. Well, ADT is rethinking them: today, the home security company announced the ADT Live Light, a light-up version of its logo yard sign that will—you guessed it—shine when your ADT alarm system has been tripped. 

 Besides being a visual indicator for your neighbors that something is amiss, ADT says the Live Light could be useful in helping first responders identify which house is yours. It would also serve the same purpose as the stickers and yard signs that came before it: letting would-be intruders know that they risk triggering an alarm by messing with your stuff. And while it can activate automatically, you can also turn it on using the ADT+ app if you want.  			 				 			 				 				© ADT 				 			 				 			 				 				© ADT 				 		  The Live Light is wireless and powered by three included AAA lithium batteries. It’s IP65-rated, meaning it should be dust-proof and resistant to water jets from any direction, and should operate in temperatures ranging from 4 to 122 degrees Fahrenheit. Both good things if you’re expecting people to leave their light-up sign out in the elements year-round (although those of us in the Midwest might want to bring it in for a couple of months in the winter). The sign itself is 10 x 10 inches tall and 1.75 inches thick, and goes into the ground with a 21-inch stake, although it can also be wall-mounted.  The Live Light requires a -per-month ADT Professional Monitoring subscription and costs , including professional installation. There’s no option to install it yourself; ADT requires that one of its own installers carry out what doesn’t strike me as a terribly complicated procedure. (But what do I know? I’m just a little ol’ country technology reporter.) © ADT ADT also announced a new ADT+ app feature called My Safety. My Safety extends ADT’s subscriber service beyond your house by letting you do things like set a check-in timer that, if missed, will prompt ADT to contact emergency services for you. It also offers the manual options of speaking or texting with ADT agents, or setting an “Emergency Phrase” that lets you speak a custom phrase to summon help—that is, ADT will again contact emergency services for you. The company says subscribers will be able to use that last feature even if their phone isn’t in their hand, and I’ve asked exactly how that works.

 For the My Safety feature, there’s no call history, and for subscriptions with multiple people on them, only the person who initiates a call with ADT monitoring will be able to see status, activity, alerts, and notifications. It’s nice to see the company has thought of that—it can be important for victims of abuse to be able to discreetly seek help. An ADT representative told Gizmodo via email that the ADT+ app update with My Safety is available now for all subscribers in the U.S., except in Milwaukee, WI.      #ADTs #Big #Idea #LightUp #ADT #Sign #YardADT,apps,Home security,Smart Home

ADT Live Light, a light-up version of its logo yard sign that will—you guessed it—shine when your ADT alarm system has been tripped. 

Besides being a visual indicator for your neighbors that something is amiss, ADT says the Live Light could be useful in helping first responders identify which house is yours. It would also serve the same purpose as the stickers and yard signs that came before it: letting would-be intruders know that they risk triggering an alarm by messing with your stuff. And while it can activate automatically, you can also turn it on using the ADT+ app if you want.

The Live Light is wireless and powered by three included AAA lithium batteries. It’s IP65-rated, meaning it should be dust-proof and resistant to water jets from any direction, and should operate in temperatures ranging from 4 to 122 degrees Fahrenheit. Both good things if you’re expecting people to leave their light-up sign out in the elements year-round (although those of us in the Midwest might want to bring it in for a couple of months in the winter). The sign itself is 10 x 10 inches tall and 1.75 inches thick, and goes into the ground with a 21-inch stake, although it can also be wall-mounted. 

The Live Light requires a $25-per-month ADT Professional Monitoring subscription and costs $50, including professional installation. There’s no option to install it yourself; ADT requires that one of its own installers carry out what doesn’t strike me as a terribly complicated procedure. (But what do I know? I’m just a little ol’ country technology reporter.)

Images showing the ADT My Safety feature in the ADT+ app.
© ADT

ADT also announced a new ADT+ app feature called My Safety. My Safety extends ADT’s subscriber service beyond your house by letting you do things like set a check-in timer that, if missed, will prompt ADT to contact emergency services for you. It also offers the manual options of speaking or texting with ADT agents, or setting an “Emergency Phrase” that lets you speak a custom phrase to summon help—that is, ADT will again contact emergency services for you. The company says subscribers will be able to use that last feature even if their phone isn’t in their hand, and I’ve asked exactly how that works.

For the My Safety feature, there’s no call history, and for subscriptions with multiple people on them, only the person who initiates a call with ADT monitoring will be able to see status, activity, alerts, and notifications. It’s nice to see the company has thought of that—it can be important for victims of abuse to be able to discreetly seek help. An ADT representative told Gizmodo via email that the ADT+ app update with My Safety is available now for all subscribers in the U.S., except in Milwaukee, WI.

#ADTs #Big #Idea #LightUp #ADT #Sign #YardADT,apps,Home security,Smart Home">ADT’s New Big Idea Is a Light-Up ADT Sign for Your Yard

You know those little ADT security signs? You know, the ADT logo-emblazoned yard signs or stickers you find in front of houses or slapped on a window by the front door. Well, ADT is rethinking them: today, the home security company announced the ADT Live Light, a light-up version of its logo yard sign that will—you guessed it—shine when your ADT alarm system has been tripped. 

Besides being a visual indicator for your neighbors that something is amiss, ADT says the Live Light could be useful in helping first responders identify which house is yours. It would also serve the same purpose as the stickers and yard signs that came before it: letting would-be intruders know that they risk triggering an alarm by messing with your stuff. And while it can activate automatically, you can also turn it on using the ADT+ app if you want.

The Live Light is wireless and powered by three included AAA lithium batteries. It’s IP65-rated, meaning it should be dust-proof and resistant to water jets from any direction, and should operate in temperatures ranging from 4 to 122 degrees Fahrenheit. Both good things if you’re expecting people to leave their light-up sign out in the elements year-round (although those of us in the Midwest might want to bring it in for a couple of months in the winter). The sign itself is 10 x 10 inches tall and 1.75 inches thick, and goes into the ground with a 21-inch stake, although it can also be wall-mounted. 

The Live Light requires a $25-per-month ADT Professional Monitoring subscription and costs $50, including professional installation. There’s no option to install it yourself; ADT requires that one of its own installers carry out what doesn’t strike me as a terribly complicated procedure. (But what do I know? I’m just a little ol’ country technology reporter.)

Images showing the ADT My Safety feature in the ADT+ app.
© ADT

ADT also announced a new ADT+ app feature called My Safety. My Safety extends ADT’s subscriber service beyond your house by letting you do things like set a check-in timer that, if missed, will prompt ADT to contact emergency services for you. It also offers the manual options of speaking or texting with ADT agents, or setting an “Emergency Phrase” that lets you speak a custom phrase to summon help—that is, ADT will again contact emergency services for you. The company says subscribers will be able to use that last feature even if their phone isn’t in their hand, and I’ve asked exactly how that works.

For the My Safety feature, there’s no call history, and for subscriptions with multiple people on them, only the person who initiates a call with ADT monitoring will be able to see status, activity, alerts, and notifications. It’s nice to see the company has thought of that—it can be important for victims of abuse to be able to discreetly seek help. An ADT representative told Gizmodo via email that the ADT+ app update with My Safety is available now for all subscribers in the U.S., except in Milwaukee, WI.

#ADTs #Big #Idea #LightUp #ADT #Sign #YardADT,apps,Home security,Smart Home

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