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US President Joe Biden speaks at a meeting of the National Infrastructure Advisory Council, in the Indian Treaty Room of the White House in Washington, DC, on December 13, 2023. The Biden administration is expected to award billions of dollars in subsidies to Intel , Taiwan Semiconductor Manufacturing Co ., and other top semiconductor companies in the coming weeks to help build new factories, The Wall Street Journal reported on Saturday. The forthcoming announcements are aimed at kick-starting manufacturing of advanced semiconductors that power smartphones, artificial intelligence and weapons systems, the WSJ reported, citing industry executives familiar with the negotiations. This is breaking news. Please check back for updates.
Persons: Joe Biden, Biden Organizations: National Infrastructure Advisory Council, White, Intel, Taiwan Semiconductor Manufacturing Co, Street, WSJ Locations: Washington ,
It's not investing in infrastructure directly," Wahba told CNBC. "All the technology around infrastructure services, I think is an area which is going to grow exponentially," Wahba told CNBC. More infrastructure systems are going to become digitized, which means those systems increasingly become vulnerable to cybersecurity attacks. The danger of hackers with bad intentions getting into infrastructure systems is especially scary. Otherwise, privatizing infrastructure "is a recipe for disaster," Wahba told CNBC.
Persons: Sadek Wahba, Wahba, It's, Burger, Charles, Gaulle Organizations: Squared Capital Advisors, P Global, Bloomberg, Getty, Squared, Biden's, Infrastructure Advisory Council, CNBC, Companies Locations: Houston , Texas, New York City, Manhattan, cybersecurity, United States, United Kingdom, Paris, JFK, U.S
"Investing in infrastructure, climate-related technology is the future," Wahba told CNBC in a video interview in May. The road is made of bitumen," a derivative of an oil product, Wahba told CNBC. Each stage of that process poses an infrastructure climate problem. "There are very, very attractive returns," Wahba told CNBC. Of course, some climate investments are risky.
Investment Ideas to Help the Earth in Crisis
  + stars: | 2023-04-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestment Ideas to Help the Earth in CrisisThe Inflation Reduction Act has accelerated new funding opportunities across America's clean energy sector. Where are the most actionable opportunities and solutions — environmentally, economically, and even politically? An in-depth analysis from Sadek Wahba, a member of President Biden's National Infrastructure Advisory Council (NIAC) and founder of I Squared Capital, a $45+ billion global infrastructure investment firm.
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