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☆ Biden gives Samsung $6.4 billion in grants to boost Texas chip output
▼ + stars: | 2024-04-15 | by ( ) edition.cnn.com time to read: +3 min

Reuters —The Biden administration will award up to $6.4 billion in grants to South Korea’s Samsung Electronics to expand its chip production in central Texas as part of a broader effort to boost US chipmaking, the Department of Commerce said on Monday. The funding from the 2022 Chips and Science Act will support two chip production facilities, a research center and a packaging facility, in Taylor, Texas, the agency said, as previously reported by Reuters. It will also enable Samsung to expand its Austin, Texas, semiconductor facility, Commerce Department Secretary Gina Raimondo added, while boosting chip output for the aerospace, defense and auto industries and bolstering national security, administration officials told reporters. Samsung is expected to invest roughly $45 billion in building and expanding its Texas facilities through the end of the decade, said senior administration officials. Intel won $8.5 billion in grants last month while Taiwan’s TSMC clinched $6.6 billion in April to build out its American production.

Persons: Reuters —, Biden, Gina Raimondo, ” Raimondo, Kyung Kye Hyun, “, Samsung, ”, John Cornyn, Taiwan’s TSMC Organizations: Reuters, South, Samsung Electronics, Department of Commerce, Samsung, Commerce, Samsung Electronics Co, Analysts, Semiconductor Industry Association, SIA, Lawmakers, Texans, Republican, US Commerce Department, ” SIA, Intel Locations: Texas, Taylor , Texas, Austin , Texas, United States, China, Taiwan, Republican U.S

CNN —British singer Ed Sheeran wowed the stage in Mumbai with Diljit Dosanjh over the weekend as the pair sang a rendition of the Indian artist’s hit track “Lover” in Punjabi, a duet that promptly lit up India’s social media. Both artists posted videos of their performances on Instagram, with huge cheers from the crowd as Sheeran invited his singing partner onto the stage. “Got to bring out @diljitdosanjh tonight in Mumbai and sing in Punjabi for the first time. I’ve had such an incredible time in India, more to come!” Sheeran wrote in a post. Fans and Indian celebrities on social media praised Dosanjh for getting Sheeran to sing in an Indian language.

Persons: Ed Sheeran, Dosanjh, Sheeran, “, I’ve, ” Sheeran, Singer, Diljit, ”, Varun Dhawan, Sahil Bulla, ” Dosanjh, “ Hass Hass, Sia Organizations: CNN, Spotify Locations: British, Mumbai, India, London, Australia, Punjab, Pakistan

☆ With a low cocoa supply, this Valentine’s Day chocolate prices are up
▼ + stars: | 2024-02-12 | by ( John Towfighi | ) edition.cnn.com time to read: +9 min

Rising cocoa prices aren’t the only concern for customers this Valentine's Day. Last Thursday, Hershey Co. said it would cut 5% of its workforce after historic cocoa prices and inflation-weary consumers dampened fourth quarter earnings. “And it looks like it’s not necessarily going to subside anytime soon.”The Supreme Valentine’s Day SweetRoughly 92% of Americans say they plan to share chocolate and candy for Valentine’s Day this year, according to the National Confectioners Association. In 2023, Valentine’s Day chocolate and candy sales exceeded $4 billion, the NCA says. Issaka said that while high demand and low supply raise prices, cocoa farmers are getting squeezed.

Persons: ”, Michele Buck, Billy Roberts, ” Roberts, Lindsey Nicholson, Marnie Ives, Ives, ” Ives, “ It’s, Karl Schneider, Roberts’s, Issifu, Issaka, ” Issaka, “ I’m, Cote, Will Kletter, Sabi Ibarra Guerrero, Uwe Gneiting, Gneiting, Joke Aerts, Aerts, ” Aerts, Sia Kambou, Price, Tony’s, “, they’ve, CNN’s Eva Rothenberg Organizations: CNN, Hershey Co, National Confectioners Association, NCA, Cocoa, Oxfam America, Getty, Fairtrade, Cote d’Ivoire, “ Locations: West Africa, North America, Manhattan, Queens , New York, Neck, NY, Bloomfield , NJ, Ghana, North Region, Cote d’Ivoire, Silicon, Africa, Accra, Cote, Hermankono, AFP

☆ Host nation Ivory Coast continues miraculous run to AFCON final to set up a matchup against Nigeria
▼ + stars: | 2024-02-11 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +5 min

The host nation is seeking its third AFCON title, while Nigeria is looking to lift the trophy for the fourth time. ET on Sunday and will take place at the Alassane Ouattara Stadium in Abidjan, Ivory Coast. Ivory Coast midfielder Ibrahim Sangare (L) fights for the ball with DR Congo's Simon Banza. Against Mali, Ivory Coast pulled off yet another great escape, grabbing a last-minute equalizer. Nigeria goalkeeper Stanley Nwabali made two saves and striker Kelechi Iheanacho netted the deciding penalty to send Nigeria into the final.

Persons: Ouattara, Ivory, Les Éléphants, Jean, Louis Gasset, Emerse Faé, Ibrahim Sangare, DR Congo's Simon Banza, Franck Fife, Faé, Franck Kessié, Simon Adingra, Sébastien Haller, Ivory Coast's, Sia Kambou, William Troost, Ekong, Victor Osimhen, Osimhen, Percy Tau, Teboho Mokoena, Issouf Sanogo, Grant Kekana, Stanley Nwabali, Kelechi Iheanacho Organizations: CNN, Africa, of Nations, beIN Sports USA, DR Congo, Guinea, Equatorial, Coast, Ivory, DR Congo's, Getty, Senegal, Against, Ivory Coast, Nigeria, Super Eagles, South Africa Locations: Ivory Coast, Nigeria, Ivory, Abidjan, South Africa, Bissau, Equatorial Guinea, AFP, Against Mali, Europe, AFCON, Cameroon, Angola, Africa

☆ OpenAI's Altman in Talks to Raise Funds for Chips, AI Initiative - WSJ
▼ + stars: | 2024-02-08 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) -OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI, among other things, the Wall Street Journal reported on Thursday. The project could require raising as much as $5 trillion to $7 trillion, the report added, citing people familiar with the matter. Altman's fundraising plans are aimed at solving constraints to OpenAI's growth, including the scarcity of artificial intelligence (AI) chips required to train large language models behind systems such as ChatGPT, the WSJ reported. War in Israel and Gaza View All 206 ImagesThe Semiconductor Industry Association (SIA) has forecast a 13.1% jump in global chip sales to $595.3 billion this year, compared with a drop of about 8% in sales in 2023. The amounts Altman has discussed are outlandishly large by the standards of corporate fundraising, the report added.

Persons: Sam Altman, Altman, Gnaneshwar Rajan, Rashmi Aich Organizations: Reuters, Wall Street, Microsoft, Semiconductor Industry Association, SIA Locations: UAE, Israel, Gaza, OpenAI, Bengaluru

Stella is reintroducing herself in her first film role after taking a few years off to just be a normal teen. Maisy has that perfect mix … she is one in a million.”Park met Stella through their mutual friend Maddie Ziegler, who plays one of Elliott’s friends in “My Old Ass.” Ziegler and Stella have been close since they were children. “It literally made the biggest difference.”Both Park and Stella have been overwhelmed by the response to the film at Sundance. As of the writing of this article, “My Old Ass,” produced by Margot Robbie's Lucky Chap Entertainment, has not yet been acquired for distribution. Park: I’m your hype woman.

Persons: ”, Maisy Stella, Daphne Conrad, Robyn’s, Lennon Stella, Billie Eilish, Stella, “, ” Stella, Megan Park, Aubrey Plaza, Elliott, Elliot, Maisy, Maddie Ziegler, ” Ziegler, Maddie, I’m, ” Stella downplays, Eilish, Ziegler, Sia, don’t, Kerrice Brooks, Justin Bieber’s, Bieber, Percy Hynes White, I’ve, Margot Robbie's Lucky, wouldn’t, she’s, “ She’s, you’ve, Finneas Organizations: Sundance Film, Nashville, Sundance Locations: CITY , Utah, Park City , Utah, “

☆ Here's how Singapore Airlines airlifted a giant panda cub and sent it on its journey home to China
▼ + stars: | 2024-01-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Singapore's first giant panda cub, Le Le, traveled to China on Tuesday. AdvertisementSingapore Airlines was given a monumental task in January: They were put in charge of sending Le Le, a 2.5-year-old giant panda cub, to China. Born in August 2021, Le Le was Singapore's first giant panda cub. Le Le, however, has to be separated from his parents. The giant panda cub was also served a special in-flight meal during his journey — bamboo, bamboo shoots, fruit, pellets, and water.

Persons: Le Le, Le, —, Kai Kai, Jia Jia, Gajandran Sokayan, Riding, Le didn't Organizations: Singapore Airlines, Service, Mandai, Boeing, Cargo, SIA, China Conservation and Research Center Locations: China, Singapore

☆ El Niño's 'sweet tooth' means indulgent treats could soon be even more expensive
▼ + stars: | 2023-12-25 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Futures contracts on orange juice , cocoa , coffee and sugar have soared in part because of extreme weather and supply concerns related to El Niño. "You can say El Niño has a sweet tooth because it sort of eats or takes away much of the sugar in the world," Carlos Mera, head of agri commodities market research at Netherlands-based Rabobank, told CNBC. "Sugar prices have probably already been passed on [to consumers] but certainly for chocolate we should expect a big increase at retail level — and El Niño is certainly something to watch." Joe Raedle | Getty Images News | Getty ImagesThe effects of El Niño tend to peak during December, but the impact typically takes time to spread across the globe. It also warned that several crops could be adversely affected by El Niño early next year, while acknowledging there is the potential for some crops to benefit, citing those in the United States, southern Brazil and Argentina.

Persons: El, Carlos Mera, El Niño, Joe Raedle, Dave Reiter, Reiter, Sia Kambou Organizations: Future Publishing, Rabobank, CNBC, Getty, Reiter Capital Investments, Twitter, Workers, Afp Locations: Yichang City, China's Hubei, Netherlands, El, Orange, Miami , Florida, Southeast Asia, India, Australia, Africa, United States, Brazil, Argentina, Florida, Hermankono

☆ Bill Gates’ holiday list: 3 of the best books he read in 2023—plus 2 other recommendations 'just for fun'
▼ + stars: | 2023-11-20 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +5 min

Bill Gates is once again marking the holiday season with a list of some of his favorite books he read in the past year. His latest holiday list also includes a series of online economics lectures he calls "fantastic" and a holiday-themed Spotify playlist "just for fun." The book will help you better understand your own body, particularly what it means when you get sick, Gates wrote. The author "used to believe — as many environmental activists do — that she was 'living through humanity's most tragic period,'" Gates wrote. Gates' holiday Spotify playlistGates's 54-song playlist is available on his Spotify profile "just for fun," he wrote.

Persons: Bill Gates, Gates, Siddhartha Mukherjee Mukherjee, Columbia University oncologist, Mukherjee, Hannah Ritchie, Ritchie, Vaclav Smil Smil, he's, Smil, Timothy Taylor Gates, Taylor, King Cole's Organizations: Microsoft, Columbia University, University of Oxford, University of Manitoba, Stanford, Macalester College Locations: U.S

☆ John Legend and Charli XCX agreed to have their voices cloned by YouTube. It's the start of an AI war among musicians.
▼ + stars: | 2023-11-17 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

YouTube has launched a new AI music tool that will let creators use the voices of famous artists. AdvertisementYouTube has launched a new AI music tool that lets creators use the voices of famous artists. The company's AI experiment, Dream Track, marks one of the first real attempts to commercialize AI-generated music. Launched on Thursday, the tool will allow some creators to use AI versions of artists' voices for soundtracks of up to 30 seconds. AdvertisementIn the blogpost published by YouTube, Puth said he was "excited and inspired" by the project.

Persons: Charlie Puth, Charli XCX, Demi Lovato, —, Alec Benjamin, John Legend, Sia, Troye Sivan, Puth, Drake, Nick Cave Organizations: YouTube, Service, Universal Music Group, Google, Bloomberg, Spotify

☆ YouTube debuts AI tool that mimics vocals of artists like John Legend, Demi Lovato
▼ + stars: | 2023-11-16 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

The new product, called "Dream Track," is a collaboration with nine musical artists including John Legend, Demi Lovato, T-Pain, and Sia, among others. It will be limited to YouTube Shorts, the platform's short-form video sharing feature which rivals TikTok, owned by Chinese technology giant ByteDance. The company also featured statements from the artists themselves, who framed the platform as a way to have a stake in the emerging AI music space. Lovato added, "The development of AI technology is rapidly changing the way we navigate the landscape and I believe as artists we need to be a part of shaping what that future looks like." In April, Universal Music Group petitioned YouTube and other music sharing sites to remove the song over copyright claims.

Persons: John Legend, Demi Lovato, Sia, Lyor Cohen, Toni Reid, —, Lovato, Drake Organizations: YouTube, TikTok, Google, Universal Music Group, CNBC Locations: U.S

☆ Nexi CEO: happy to help UniCredit on payments but contract is set
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +2 min

The logo of Italian payments group Nexi is pictured outside their headquarters in Milan, Italy, March 28, 2019. Italian payments infrastructure group SIA in 2016 signed a 10-year contract with UniCredit to manage cards and shop payments as well as cash withdrawal machines ahead of a being acquired by Nexi, which inherited the contract. Nexi finance chief Bernardo Mingrone told an analyst call on Thursday that the contract did not envisage the possibility of an early break-up. While the contract is "very solid" and runs over the long term, Nexi is "very keen to help UniCredit achieve their ambitions in payments, which are growing," Nexi CEO Paolo Bertoluzzo added. Asked whether UniCredit might dispose of its merchant acquiring business, Bertoluzzo said he would be "very surprised" if UniCredit did anything with it.

Persons: Alessandro Garofalo, Nexi, UniCredit, Andrea Orcel, Bernardo Mingrone, Mingrone, Paolo Bertoluzzo, Orcel, Jean Pierre Mustier, Bertoluzzo Organizations: REUTERS, SIA, Nexi, Thomson Locations: Milan, Italy

☆ Auto Chip Makers Try to Avoid a Pileup
▼ + stars: | 2023-11-07 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Semiconductor sales to the auto industry jumped 16% in 2022. The industry has been mired in a historic slump for more than a year now. The Semiconductor Industry Association, or SIA, reported last week that global chip sales in September fell 4.5% from the same period last year. That made for the 14th straight month of sales declines—a streak not seen in more than a decade. Much of the downturn has been due to weak sales of PCs, smartphones and other consumer and business electronics that saw a rise in demand earlier in the pandemic.

Persons: Justin Sullivan Organizations: Semiconductor Industry Association, SIA

NEW YORK (AP) — Fans of hip-hop, country, pop, funk, R&B and rock all have reason to cheer the 2023 class entering the Rock & Roll Hall of Fame. Missy Elliott, Kate Bush, Willie Nelson, Sheryl Crow, Chaka Khan, “Soul Train” creator Don Cornelius and the late George Michael will be inducted into the hall on Friday night in New York City. Also entering the hall are The Spinners, Rage Against the Machine, DJ Kool Herc, Link Wray, Al Kooper and Elton John’s longtime co-songwriter Bernie Taupin. Elliott becomes the first female hip-hop artist in the rock hall, which called her “a true pathbreaker in a male-dominated genre.” Taupin makes it into the rock hall 29 years after his writing partner, John. Cornelius, who died in 2012, was celebrated for creating a nationally televised platform for African American music and culture.

Persons: Missy Elliott, Kate Bush, Willie Nelson, Sheryl Crow, Chaka Khan, Don Cornelius, George Michael, DJ Kool Herc, Link Wray, Al Kooper, Elton John’s, Bernie Taupin, John, Brandi Carlile, Dave Matthews, H.E.R, Chris Stapleton, Stevie Nicks, Adam Levine, Carrie Underwood, LL, Miguel, Queen Latifah, Sia, There's, Taupin, Elliott, ” Taupin, Bush, didn’t, ” Bush, Michael, Sam Smith, Lil Nas, Troye Sivan ”, Nelson, Crow, Kool Herc “, “, ”, Mary J, Blige, Erykah Badu, Janelle Monáe, Wray, Jeff Beck, Jimmy Page, Eric Clapton, Jimi Hendrix, Bruce Springsteen, Cornelius, ___ Mark Kennedy Organizations: Roll Hall of Fame, Disney, World Records, Spinners, ABC Locations: New York City, Brooklyn, St, Vincent, American

☆ Why Adelaide Might Secretly Be Australia’s Coolest City, According to Insiders
▼ + stars: | 2023-10-27 | by ( Emily Pennington | Photographs Sia Duff For The Wall Street Journal | ) www.wsj.com time to read: 1 min

THE CAPITAL of South Australia, Adelaide offers an almost utopian alternative to the typical urban sprawl. A moat of lush parklands surrounds a one-square-mile city center full of shops and restaurants. Beyond that, leafy suburbs give way to the Adelaide Hills, where koalas roam, and to the sea. Recently, transplant chefs from China and Vietnam have infused the petite city of just over a million people with diverse flavors. Best of all, it’s supremely easy to wander Adelaide by foot, stumbling upon discoveries while enjoying long, post-food-coma strolls.

Organizations: Adelaide Hills Locations: South Australia, Adelaide, Barossa, China, Vietnam

Xie Xuguang, from CNOOC Gas and Power Group's research centre, told a conference on Thursday that China's total gas demand may reach 396.4 billion cubic metres (bcm) this year. "We're expecting industrial gas demand to recover in the second half. Gas demand growth this year was seen at between 5.7% and 7.4%, according to estimates this week by ICIS, Energy Aspects and SIA Energy. China's total gas demand was forecast to peak in 2040 at 700 bcm, Xie added, echoing a previous forecast by state major Sinopec. Imports of both piped gas and liquefied natural gas were both expected to increase to meet rising domestic demand.

Persons: Stringer, Xie Xuguang, Xie, CNOOC, Andrew Hayley, Chen Aizhu, Christian Schmollinger, Michael Perry Organizations: Sinopec, Inner, Inner Mongolia Autonomous, REUTERS, CNOOC Gas, Power, ICIS, SIA Energy, Imports, Thomson Locations: Erdos, Inner Mongolia, Inner Mongolia Autonomous Region, China, TIANJIN, Japan, Russia's, Siberia, Russia

REUTERS/Beawiharta Acquire Licensing RightsLONDON, Sept 20 (Reuters) - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020. Around half of the tin produced every year is used as a soldering material on circuit boards, linking usage to the fortunes of the consumer electronics sector. Global semiconductor sales from SIABOOM AND BUSTTin's fortunes are closely tied to the consumer electronics sector, which has experienced a remarkable boom-and-bust cycle over the last three years. That translated into a boom year for tin demand, usage growing by 7.6%, led by a 12.2% rise in the soldering sector, according to the International Tin Association. However, global semiconductor sales have registered small month-on-month increases since April and the year-on-year gap narrowed to 11.8% in July, according to the SIA.

Persons: Lockdowns, Boom, Barbara Lewis Organizations: PT Timah, REUTERS, London Metal Exchange, Shanghai Futures Exchange, SIA, Semiconductor, Semiconductor Industry Association, International Tin Association, World Semiconductor Trade Statistics, Wa State, Reuters, Thomson Locations: Mentok, Indonesian, Bangka, Myanmar, London, Shanghai, Wa, China

☆ Someone hacked a news ticker in Russia to insult Putin after the value of the ruble plunged
▼ + stars: | 2023-08-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +1 min

A news ticker was hacked in Siberia to insult Vladimir Putin, reports said. Putin is a "thief', said the hijacked news ticker in Siberian oil town Surgut. It came after the value of the ruble plunged against the dollar. 100 rubles to the dollar – you've lost your fucking mind," read the news ticker in Surgut, an oil town in Siberia, reported Max Seddon, the Financial Times' Moscow bureau chief. According to Russian independent outlet The Insider, the news ticker was run by the Russian news agency SIA-Press.

Persons: Vladimir Putin, Putin, you've, Max Seddon, Taras Samborsky Organizations: Service, Financial Times, SIA, Press Locations: Siberia, Wall, Silicon, Ukraine, Moscow, Russian

☆ Six Ways to Experience Athens Like a Local
▼ + stars: | 2023-08-07 | by ( Iliana Magra | ) www.nytimes.com time to read: +2 min

First, avoid the long entrance lines by booking your tickets online (20 euros, or about $22, for a single-entry adult ticket). Another booking option, the Athena’s Combined Ticket (adults, €30), provides access to six more sites in Athens, including the nearby Agora. Rhamnous, about an hour’s drive from downtown Athens, is a less crowded archaeological attraction — and it has ocean views (adults, €4). Eat like a GreekWith the sizzling summer temperatures, follow the local traditions when it comes to eating. For an upscale option by the sea and the best views of the Athens Riviera, go to Ithaki restaurant.

Organizations: SIA, Mavros Locations: Athens, Agora, Piraeus, Yperokeanio, Psyri, Mavros Gatos, Pangrati

☆ Australia's Bol cleared of doping after false positive test
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Aug 1 (Reuters) - Australia's anti-doping authority has dropped its investigation into athlete Peter Bol in the lead-up to the world championships after finding his positive test for synthetic erythropoietin (EPO) was wrong. The provisional suspension was lifted a month later after the 'B' sample of his test did not match its 'A' sample. Sport Integrity Australia (SIA) continued its investigation, though, saying the 'B' sample was an "atypical finding" and not negative. "As a result, Sport Integrity Australia has taken the decision not to progress an anti-doping rule violation for this sample. "Sport Integrity Australia will now await outcomes of the WADA review of the EPO review process," it said.

Persons: Peter Bol, WADA, Bol, Peter, Ian Ransom, Sonali Paul Organizations: MELBOURNE, Tokyo, Integrity Australia, SIA, Doping Agency, Athletics Australia, Thomson Locations: Budapest, Melbourne

☆ U.S. will be short 67,000 chip workers by 2030, industry group says
▼ + stars: | 2023-07-25 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

July 25 (Reuters) - The U.S. semiconductor industry faces a shortfall of roughly 67,000 workers by 2030, according to an industry association study published on Tuesday. The chip industry's workforce is projected to grow to 460,000 by the end of the decade, up from roughly 345,000 this year. The law also created a 25% investment tax credit for building new chip factories, or fabs, that is worth $24 billion. Roughly half of the future chip industry jobs will be engineers. The shortage of skilled chip workers is part of a larger shortfall of science, technology, engineering and math graduates in the U.S., according to the report.

Persons: John Neuffer, Max A, Christian Schmollinger Organizations: Semiconductor Industry Association, SIA, Oxford Economics, Commerce Department, Intel Corp, Taiwan Semiconductor Manufacturing Co, Samsung Electronics Co, Thomson Locations: U.S, KS, San Francisco

WASHINGTON, July 17 (Reuters) - U.S. chip company executives met with top Biden administration officials on Monday to discuss China policy, the State Department and sources said, as the most powerful semiconductor lobby group urged a halt to more curbs under consideration. Secretary of State Antony Blinken talked with chip company chief executives about the industry and supply chains after his recent trip to China, a department spokesperson told reporters. The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to China. Last year, China accounted for $180 billion in semiconductor purchases, more than a third the worldwide total of $555.9 billion and the largest single market, according to Semiconductor Industry Association (SIA). The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment.

Persons: Antony Blinken, Gina Raimondo, Lael Brainard, Jake Sullivan, Biden, Blinken, Matthew Miller, Commerce's Raimondo, Washington, hobble, Pat Gelsinger, David Shepardson, Andrea Shalal, Simon Lewis, Stephen Nellis, Chris Sanders, Susan Heavey, Matthew Lewis, Nick Zieminski Organizations: Biden, State Department, National Economic, National Security, Intel, Qualcomm, Nvidia, Reuters, Semiconductor Industry Association, SIA, Department, White, Commerce Department, Huawei Technology Co, San, Thomson Locations: China, U.S, Washington, San Francisco

The chip industry is keen to protect its profits in China as the Biden administration considers another round of restrictions on chip exports to China. The Biden administration is considering updating a sweeping set of rules imposed in October to hobble China's chip industry and a new executive order restricting some outbound investment. Not every official is expected to meet with every company, the source who spoke on condition of anonymity added. Further rule-tightening by U.S. officials risks "disrupting supply chains, causing significant market uncertainty, and prompting continued escalatory retaliation by China," the industry group said. "The availability of Gaudi2 in China continues Intel’s nearly 40-year history of delivering innovative yet legally-compliant products to this key growth market," Intel said in a statement.

Persons: Antony Blinken, Gina Raimondo, Lael Brainard, Jake Sullivan, Biden, Matthew Miller, chafed, hobble, Blinken, Pat Gelsinger, Raimondo, David Shepardson, Andrea Shalal, Simon Lewis, Stephen Nellis, Susan Heavey, Matthew Lewis, Nick Zieminski Organizations: Biden, National Economic, National Security, Intel, Qualcomm, Nvidia, Semiconductor Industry Association, SIA, Department, Administration, White, Reuters, Commerce Department, U.S, Huawei Technology Co, San, Thomson Locations: China, U.S, Washington, Intel’s, San Francisco

The shares are priced between S$7.202 and S$7.283 per share, the sheet shows, representing a 2.89% and 3.97% discount to the last close of S$7.50 on Wednesday. Temasek will continue to be a major shareholder in SIA with a 53.5% stake, according to Reuters' calculations. Citi is the sole bookrunner on the share sale, the term sheet showed. "We are committed to the long-term success of SIA and continue to maintain a majority stake in it," she added. ($1 = 1.3517 Singapore dollars)Reporting by Selena Li in Hong Kong and Yantoultra Ngui in Singapore, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Juliet Teo, Temasek's, Selena Li, Yantoultra, Louise Heavens Organizations: Temasek, Singapore Airlines, SIA, Reuters, Citi, Transportation & Logistics, Thomson Locations: HONG KONG, SINGAPORE, China, Japan, South Korea, Singapore, Hong Kong

☆ The Super Connector Who Built Sam Bankman-Fried’s Celebrity World
▼ + stars: | 2023-06-23 | by ( David Yaffe-Bellany | Erin Griffith | ) www.nytimes.com time to read: +1 min

As they built K5, Mr. Kives and Mr. Baum touted their connections, including with the billionaire financier Warren E. Buffett. In an interview, Mr. Buffett said Mr. Kives was a “name-dropper” who “might pitch that he has a connection to me, but he doesn’t.” Mr. Buffett said he had known Mr. Kives from his time at Creative Artists Agency. Since then, he said, Mr. Kives has contacted him about a few investment opportunities, which he declined. In late 2021, Mr. Kives used his network to forge a relationship with Mr. Bankman-Fried, who was rising in prominence as cryptocurrencies boomed. They got in touch over email, the lawsuit said, and Mr. Kives introduced Mr. Bankman-Fried to the musician Sia.

Persons: Kives, Baum, Warren E, Buffett, dropper, ” Mr, Sia, Fried, Kives’s, Perry, Bloom, FTX Organizations: Creative Artists Agency, Super, K5 Locations: Beverly Hills, Calif, Bahamas

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