Technology
Meet the Competing Apps Battling for Twitter’s Market Share
Meet the Competing Apps Battling for Twitter’s Market Share
The Twitterverse is under siege as a flurry of microblogging platforms, keen to capitalize on simmering discontent, vie for its vast user base. Among the most serious contenders are five apps offering diverse solutions, each with their unique appeal.
Five Twitter Alternatives
At the top of the list is Meta’s Threads, a fresh entrant that leverages the success and massive userbase of Instagram. Launched hot on the heels of Twitter’s controversial ‘rate limit’ decision in June 2023, Threads emulates Twitter’s microblogging approach with an Instagram twist. The new kid on the block swiftly amassed over 30 million users on its launch day, posing a credible threat to Twitter’s dominance.
Meanwhile, the decentralized platform Mastodon, which has been running since 2016, continues to challenge the status quo. Its open-source model enables user control over data and privacy, providing an alternative to mainstream social media monopolies. Mastodon saw a big surge in users last year as Elon Musk took control of Twitter—a move that was wildly unpopular with a subset of users.
Another decentralized contender is BlueSky, a brainchild of Twitter co-founder Jack Dorsey. Still in its nascent ‘invite-only’ stage, BlueSky already has a whopping 1.2 million potential users on its waitlist, a testament to its potential to disrupt the social media landscape.
Spill, co-founded by former Twitter employees, is also shaking things up. The platform aims to foster diverse communities rather than mimic Twitter, but the similarities are hard to overlook. Impressively, even though Spill is still invite-only, it has become one of the most downloaded apps on Apple’s App Store.
Lastly, there’s Truth Social, a product of Trump Media & Technology Group. It bills itself as a bastion of free speech. In the aftermath of Twitter’s introduction of a daily post limit by Elon Musk, Truth Social’s servers were overwhelmed by an influx of users seeking an unrestricted social media experience.
As these platforms fight for Twitter’s turf, only time will tell who’ll come out on top. Twitter’s rule remains challenged, but the battle for social media supremacy is far from over.
Technology
All of the Grants Given by the U.S. CHIPS Act
Intel, TSMC, and more have received billions in subsidies from the U.S. CHIPS Act in 2024.
All of the Grants Given by the U.S. CHIPS Act
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
This visualization shows which companies are receiving grants from the U.S. CHIPS Act, as of April 25, 2024. The CHIPS Act is a federal statute signed into law by President Joe Biden that authorizes $280 billion in new funding to boost domestic research and manufacturing of semiconductors.
The grant amounts visualized in this graphic are intended to accelerate the production of semiconductor fabrication plants (fabs) across the United States.
Data and Company Highlights
The figures we used to create this graphic were collected from a variety of public news sources. The Semiconductor Industry Association (SIA) also maintains a tracker for CHIPS Act recipients, though at the time of writing it does not have the latest details for Micron.
| Company | Federal Grant Amount | Anticipated Investment From Company |
|---|---|---|
| 🇺🇸 Intel | $8,500,000,000 | $100,000,000,000 |
| 🇹🇼 TSMC | $6,600,000,000 | $65,000,000,000 |
| 🇰🇷 Samsung | $6,400,000,000 | $45,000,000,000 |
| 🇺🇸 Micron | $6,100,000,000 | $50,000,000,000 |
| 🇺🇸 GlobalFoundries | $1,500,000,000 | $12,000,000,000 |
| 🇺🇸 Microchip | $162,000,000 | N/A |
| 🇬🇧 BAE Systems | $35,000,000 | N/A |
BAE Systems was not included in the graphic due to size limitations
Intel’s Massive Plans
Intel is receiving the largest share of the pie, with $8.5 billion in grants (plus an additional $11 billion in government loans). This grant accounts for 22% of the CHIPS Act’s total subsidies for chip production.
From Intel’s side, the company is expected to invest $100 billion to construct new fabs in Arizona and Ohio, while modernizing and/or expanding existing fabs in Oregon and New Mexico. Intel could also claim another $25 billion in credits through the U.S. Treasury Department’s Investment Tax Credit.
TSMC Expands its U.S. Presence
TSMC, the world’s largest semiconductor foundry company, is receiving a hefty $6.6 billion to construct a new chip plant with three fabs in Arizona. The Taiwanese chipmaker is expected to invest $65 billion into the project.
The plant’s first fab will be up and running in the first half of 2025, leveraging 4 nm (nanometer) technology. According to TrendForce, the other fabs will produce chips on more advanced 3 nm and 2 nm processes.
The Latest Grant Goes to Micron
Micron, the only U.S.-based manufacturer of memory chips, is set to receive $6.1 billion in grants to support its plans of investing $50 billion through 2030. This investment will be used to construct new fabs in Idaho and New York.
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