Intel plans $100B Ohio 'megafab,' Netflix growth slows
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Intel plans $100B Ohio 'megafab,' Netflix growth slows

Tech Industry
Speaker 1: This is CNET and here are the stories that matter right now, Intel has announced the location of its third domestic chip making plan to be outside of Columbus, Ohio. The company plans to break ground on this 20 billion chip fabrication facility. Later this year with operations beginning in 2025, also on Friday president, I'd an urge Congress to pass the chips act that would grant 52 billion in subsidies to encourage American manufacturing. Currently the us has 12% [00:00:30] of the chip making business down from a high of 37%. In 1990, Amazon announced it is opening its first ever brick and mortar clothing store called Amazon style. Customers will be able to scan in-store items using the Amazon shopping app to find out more information about the product, including ratings shoppers will also use the app to send items to a fitting room or the checkout counter. The Amazon style store will open later this year in Glendale, California, and finally, not even a new [00:01:00] steamy season of Bridgeton is encouraging new users to subscribe to Netflix. The company predicted it will add just two and a half million new subscribers in the first quarter of 2022 dramatically, less than the nearly 6 million analysts who are expecting in reaction. Netflix stock plummeted 25% in early trading on Friday. Netflix saw a huge boost of the beginning of the pandemic in 2020, as people were looking for entertainment at home, but now it faces a surge of competition from other streaming services [00:01:30] like Disney plus and HBO max stay to date with the latest by visiting CNET.

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