“I’ve been to the 500. It’s crazy, so I can’t imagine all those people then coming over to Gainbridge (Fieldhouse). You know, going to be a rowdy crowd, going to be a little intoxicated. Who knows?” Pacers star Tyrese Haliburton said.
Tech workers who started out at companies like Intel have spun out companies of their own, including Sacramento-area AI startup Blaize and data storage manufacturer Solidigm.Dinakar Munagala, cofounder of Blaize, said the company’s AI chips are among the few built domestically. Their chips are made in a Samsung foundry in Texas, he said. The company’s products, Munagala added, help to power systems that analyze traffic patterns and detect suspicious behavior in airports.
“We’re built here,” he said. “That’s one of the reasons we’re actually getting quite a bit of interest from defense, border security, these classes of use cases.”Lane Bess, board chair of Blaize, pointed to Munagala — who worked at Intel — as an example of the talent the Sacramento region can provide to tech companies. The area is primed to be a main corridor for the semiconductor industry because a lot of skilled workers are looking to develop their own companies, Bess said.The Trump administration has viewed chip production as a national security issue because it would reduce U.S. reliance on importing chips that are also used by the military. It also intends to study the risks of having computer chip production concentrated in other places and the impact on U.S. competitiveness from foreign government subsidies, “foreign unfair trade practices and state-sponsored overcapacity.”
Alvin Nguyen, senior analyst at Forrester, said the fluidity of the state of administration’s tariffs will cause confusion about the impact on the supply chain “due to the complexity of tracking where materials and manufactured goods are produced and assembled.”Video game companies, for example, have started to raise prices amid a backdrop of ongoing tariff uncertainty.
“For semiconductors, we may see certain goods no longer making sense to produce due to the cost — see Nintendo Switch 2 — and the value seen from IT purchases diminishing,” he said in an email.
for Nintendo’s highly anticipatedTrump’s tariffs rattled global markets and raised fears that they would disrupt commerce and slow
Jeffrey Schwab, senior counsel and director of litigation at the nonprofit Liberty Justice Center, said the president is exceeding the act’s authority. “That statute doesn’t actually say anything about giving the president the power to tariff,’’ said Schwab, who is representing the small businesses. “It doesn’t say the word tariff.’’In their complaint, the businesses also call Trump’s emergency “a figment of his own imagination: trade deficits, which have persisted for decades without causing economic harm, are not an emergency.’’ The U.S. has, in fact, run a trade deficit – the gap between exports and imports – with the rest of the world for 49 straight years, through good times and bad.
But the Trump administration argues that courts approved President Richard Nixon’s emergency use of tariffs in a 1971 economic crisis. The Nixon administration successfully cited its authority under the 1917 Trading With Enemy Act, which preceded and supplied some of the legal language used in IEPPA.The legal battle against Trump’s tariffs has created unusual bedfellows, uniting states led by Democratic governors with libertarian groups – including the Liberty Justice Center – that often seek to overturn government regulation of businesses. A dozen states have filed suit against Trump’s tariffs in the New York trade court. A hearing in that case is scheduled for May 21.