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T-Mobile Ends DEI Programs Amid FCC Approval Push for Major Deals

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T-Mobile US announced on Wednesday that it is terminating its diversity, equity, and inclusion (DEI) programs as it seeks approval from the Federal Communications Commission (FCC) for two significant transactions. In a letter to FCC Chair Brendan Carr, made public the same day, T-Mobile confirmed it is ending all DEI-related policies “not just in name, but in substance.”

The wireless carrier will eliminate any individual roles or teams dedicated to DEI, remove all DEI references from its websites, and strip DEI content from employee training materials. FCC Chair Carr welcomed the move, calling it “another good step forward for equal opportunity, nondiscrimination and the public interest.”

T-Mobile is awaiting FCC clearance to acquire most of regional carrier United States Cellular’s wireless operations, including customers, stores, and 30% of its spectrum assets, in a $4.4 billion deal. The FCC is also reviewing a separate deal where T-Mobile plans to form a joint venture with investment firm KKR to acquire internet service provider Metronet, which serves over 2 million homes and businesses across 17 states. T-Mobile intends to invest approximately $4.9 billion for a 50% stake in the joint venture and full ownership of Metronet’s residential fiber operations upon closing.

However, the decision has drawn criticism from FCC Commissioner Anna Gomez, a Democrat, who called T-Mobile’s move “a cynical bid to win FCC regulatory approval” and accused the company of mocking its stated commitments to fighting discrimination and promoting fairness.

This is not the first time the FCC, under Chair Carr, a Trump appointee, has linked approval of telecom mergers with the dismantling of DEI programs. In May, the FCC approved Verizon’s $20 billion acquisition of Frontier Communications’ fiber-optic assets after Verizon agreed to end its DEI initiatives following an FCC investigation. Earlier in the year, Carr also opened a probe into Comcast’s promotion of DEI programs.

The rollback of DEI efforts follows former President Trump’s executive orders in January aimed at dismantling government-backed DEI programs and pressuring private companies to follow suit.

Texas Instruments to Invest $60 Billion in U.S. Chip Manufacturing Amid Political Pressure

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Texas Instruments (TI) announced plans on Wednesday to invest over $60 billion to expand its semiconductor manufacturing facilities in the United States. This move comes amid ongoing pressure from the Trump administration to reshore the country’s semiconductor supply chain.

The Biden administration finalized a $1.61 billion subsidy for TI in December to support the construction of three new facilities, part of the broader $52.7 billion CHIPS and Science Act. TI’s investment plan includes building or expanding seven chip-making plants across Texas and Utah, with two new sites planned in Sherman, Texas. The company said this investment would create 60,000 jobs, calling it the largest foundational semiconductor manufacturing investment in U.S. history.

TI expects to spend up to $40 billion on its Sherman operations and approximately $21 billion on facilities in Utah and other parts of Texas. While no exact timeline was provided, TI confirmed its long-term capital expenditure plans remain unchanged.

Unlike AI-focused chipmakers Nvidia and AMD, TI specializes in analog chips used in everyday electronics such as smartphones, cars, and medical devices. This gives TI a broad client base, including Apple, SpaceX, and Ford.

The $60 billion investment follows similar announcements from other semiconductor companies. For example, Micron recently revealed it would increase its U.S. investment by $30 billion, bringing its total planned spending to $200 billion.

Some analysts interpret these spending announcements as efforts to gain favor with former President Donald Trump, who has threatened to block the CHIPS Act funding and impose tariffs on semiconductor imports.

U.S. Commerce Secretary Howard Lutnick praised the investment, stating it would support “foundational semiconductors that go into the electronics people use every day” and sustain U.S. chip manufacturing for decades.

TI’s announcement also includes previously allocated funds for facilities already under construction or scaling up production.

Chinese Bitcoin Mining Hardware Giants Establish U.S. Production to Circumvent Tariffs

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The world’s top three manufacturers of bitcoin mining machines — Bitmain, Canaan, and MicroBT — are setting up production bases in the United States as part of a strategic response to President Donald Trump’s tariff policies. These firms, all originally Chinese, dominate over 90% of the global market for mining rigs, specialized computers essential for bitcoin mining.

The move aims to avoid hefty U.S. tariffs imposed amid escalating trade tensions, while potentially easing geopolitical concerns related to China’s influence over critical tech infrastructure. Guang Yang, CTO of Conflux Network, highlighted that the trade war is triggering deep structural changes in bitcoin’s supply chain, pushing U.S. companies toward sourcing hardware from politically acceptable locations.

Bitmain, the largest by sales, began U.S. production in December 2023, shortly after Trump’s re-election. Canaan started trial U.S. production after Trump announced new tariffs on April 2, seeking to shield itself from duties. MicroBT is actively pursuing localization in the U.S. to reduce tariff impacts.

This sector, valued by analysts at around $12 billion by 2028, includes upstream mining rig production, energy-heavy bitcoin mining, IT infrastructure, and trading platforms. U.S. rival Auradine, backed by leading miner MARA Holdings, is lobbying to restrict Chinese equipment imports to boost competition in hardware.

Despite 30% of global bitcoin mining taking place in North America, more than 90% of mining hardware comes from China, creating an imbalance and raising security concerns. Auradine’s Sanjay Gupta warned of risks linked to “hundreds of thousands” of Chinese rigs connected to the U.S. grid. However, Canaan’s Leo Wang dismissed security threats from mining rigs, stating they are ineffective outside bitcoin mining, though he warned Chinese manufacturers could face collateral impacts from U.S. tech restrictions.

Bitmain’s AI arm, Sophgo, was recently blacklisted by the U.S. government over security concerns, illustrating rising scrutiny of Chinese tech firms.

Historically, China dominated bitcoin from hardware through mining and trading until 2021, when Beijing banned cryptocurrency activities citing financial risks. Miners and exchanges moved abroad, but Chinese manufacturers maintained dominance in hardware, leveraging their early lead in designing mining-specific chips.

Canaan has relocated its headquarters to Singapore and established a U.S. pilot production line, with the U.S. contributing 40% of its revenue last year. Wang emphasized the goal of reducing costs amid tariffs by exploring all alternatives.

The U.S. currently imposes a baseline 10% tariff on many imports and an additional 20% on Chinese goods, with potential further tariffs on Southeast Asian countries hosting Chinese assembly plants.

While Trump promotes crypto-friendly policies and has positioned himself as a “crypto president,” China’s dominance in bitcoin infrastructure remains a potential choke point. Legal expert John Deaton warned that China’s control could disrupt bitcoin network stability and impact U.S. users if exports are restricted.

Top U.S.-based miners, including MARA, Core Scientific, CleanSpark, and Riot Platforms, face risks from heavy reliance on Chinese hardware. Economist Ryan Yonk noted this dependence is “potentially problematic” despite Chinese rig makers’ efforts to establish a U.S. presence.

Kadan Stadlemann, CTO at Komodo, said U.S. miners will still buy rigs from China in the short term and face higher costs, but the tariff-driven shift aims to reshape the industry’s supply chain long term.