Techstrong News Recap – March 2, 2023

Hi again, everyone here the headlines for March 2nd, first up the US government's initiative to bolster. The semiconductor industry is officially underway with the first chips for America funding opportunity. As part of the 52 billion dollar chips act that was signed last year.

This funding opportunity is part of 39 billion dollars earmarked for some reconductor manufacturing incentives. This first funding opportunity will focus on projects around Leading Edge logic fabrication facilities in chip manufacturers with specific production capacity goals for current generation semiconductors. The program will also include strict guidelines for how the funding is used with payments being tied to meeting specific milestones.

While the first recipients won't be announced for some time. Hopeful applicants can submit their statements of interest to the Chip's program Office later this month. Next the White House is ordered all federal agencies to remove the tiktok app from the government devices within 30 days due to security concerns the Office of Management and budget considers this step a crucial measure to address the risk presented by the Chinese own social media app to sensitive government data.

While some of the government departments such as Department of Defense Homeland Security and state have already put in restrictions. The rest of the federal government has been directed to follow the same guidelines. this move comes after several lawmakers of already limited the use of the app which permits tiktok for use in individuals dealing with national security law enforcement and research despite tiktok's enormous popularity concerns persist that the app could give China control of American user data given that it is owned by byte dance.

In other news Tesla plans to establish an electric vehicle plant in Mexico the plant which will require an investment around $5 billion dollars will fund the installation of the world's largest electric vehicle plant in Monterey. The plant is expected to generate approximately 6,000 jobs into produce 1 million electric vehicles for the Mexican market and for export. The investment came after 14 months of hard work and the project will focus on manufacturing smaller cars.

This being said some of the previously expressed preference for the plant to be built in the south of the country to avoid water scarcity issues. But Tesla is reportedly made environmental commitments including the using recycled water throughout the manufacturing process. Next up the US Marshal Service experienced a significant Cyber attack where hackers still confidential information such as personally identifiable data of employees and investigation targets.

The justice department has initiated investigation into the matter and the agency has disconnected the affected system from the network. Zooming out ransomware attacks have been increasingly significant concern for cyber security targeting government agencies hospitals and schools. For the US Marshal Service, which is accountable for capturing fugitives, escorting federal prisoners and safeguarding Witnesses.

It raises questions a bits and the justice department cybersecurity protocols. com our container Journal we have an article that looks at how VMware extended its service management and orchestration framework in order to make it run virtualized radio Access Network functions on a bare metal server. VMware has stated that the goal is to give service providers that control plane for both container Network functions and virtual Network functions.

com. Finally on Security Boulevard. We have an article that looks at the top 10 open source software risks of 2023.

Many Reliant open source software, but relying on open source could cause security issues. If not properly managed this article looks at Endor Labs list of the top 10 open source software risks for 2023 to learn more go to Security Boulevard calm. And that's today's Tech strong news recap.