Insider Today: The chip industry’s false promise

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Hi! CES officially kicks off today, but I’ve already seen some wild tech, including a transparent TV.

In today’s big story, we have a release date for?Apple’s next big product.

Here's what to know today:

Markets:

• A recession could still be possible. Talk of a “soft landing” has been ramping up lately, with lower inflation and strong employment numbers driving the conversation. But according to Deutsche Bank, such trends could indicate a downturn.

Tech:

• The chip industry’s false promise. America is spending $52 million to counter China’s edge in semiconductor chips. But economic conditions, construction slowdowns, and the slow distribution of government funds have dampened the promised semiconductor job boom.

Business:

• “Below Deck” cast members say they were underpaid, subject to racist comments, and cruelly manipulated. The show’s stars are paid a fraction of what a Real Housewife makes, despite working grueling 18-hour days and getting sky-high ratings.

Written by Dan DeFrancesco and Diamond Naga Siu.

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