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☆ Commerce Secretary Raimondo: U.S. set to become a major hub of leading-edge logic chip manufacturing
▼ + stars: | 2024-02-26 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

"Our investments in leading-edge logic chip manufacturing will put this country on track to produce roughly 20% of the world's leading-edge logic chips by the end of the decade," Raimondo said during a speech at the Center for Strategic and International Studies. "It takes tens of thousands of leading-edge semiconductor chips to train a single large language model." The Taiwan Semiconductor Manufacturing Company, which manufactures chips for companies such as Apple and Nvidia , is currently the world's largest, most advanced contract chip maker. Chinese chipmaker Semiconductor Manufacturing International Corporation appears to have defied U.S. sanctions in recent months by manufacturing advanced chips and is preparing to produce five nanometer chips for technology corporation Huawei. "At the outset, we said we would invest about $28 billion of the program's $39 billion in incentives for leading-edge chip manufacturing," Raimondo added.

Persons: Gina Raimondo, WASHINGTON —, Biden, " Raimondo, Raimondo, SMIC Organizations: Science, Technology, Washington , D.C, WASHINGTON, Center for Strategic, International Studies, U.S . Department of Commerce, McKinsey & Company, McKinsey, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, chipmaker Semiconductor Manufacturing International Corporation, Huawei, U.S, Commerce, CNBC PRO Locations: Rayburn, Washington ,, U.S, China

☆ China ousts top rocket scientist from key political body in widening military purge
▼ + stars: | 2024-01-31 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China has expelled a leading rocket scientist from its top political advisory body, the latest sign of a widening purge in the Chinese military’s missile force and aerospace contractors. Wang, 54, until recently led the China Academy of Launch Vehicle Technology (CALT), a prestigious state-run institute known as the birthplace of China’s aerospace industry. Wang spent his nearly three-decades-long career designing rockets at the CALT, a subsidiary of the main contractor of the Chinese space program, the state-owned China Aerospace Science and Technology Corporation. In December, three aerospace executives, including the chairman of China Aerospace Science and Technology Corporation – were stripped of their roles in the CPPCC. In July, the Rocket Force abruptly replaced its two leaders, the commander and the political commissar, with no explanation.

Persons: Wang Xiaojun, Wang, Xi Jinping, Xi, ” Wang, Qian Xuesen Organizations: Hong Kong CNN, Political Consultative, Xinhua, China Academy of Launch Vehicle Technology, China Aerospace Science, Technology Corporation, People’s Liberation Army, Rocket Force, Communist Locations: Hong Kong, China, Beijing, “, Hunan

It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. China's finance ministry is planning to contribute 60 billion yuan, said one person. Backers of the Big Fund's previous two funds include the finance ministry and deep-pocketed state-owned entities such as China Development Bank Capital, China National Tobacco Corporation and China Telecom. INVESTMENT MANAGERSThe Big Fund is considering hiring at least two institutions to invest the new fund's capital, said the three people.

Persons: Xi Jinping, Florence Lo, China's, Julie Zhu, Kevin Huang, Yelin Mo, Roxanne Liu, Sumeet Chatterjee, Edwina Gibbs Organizations: U.S, China Integrated Circuit Industry Investment Fund, Big Fund, Washington, Information Office, Ministry of Industry, Information Technology, REUTERS, China Development Bank Capital, China National Tobacco Corporation, China Telecom, Big, Semiconductor Manufacturing International Corporation, HK, Hua Hong Semiconductor, Memory Technologies, IC, China Aerospace Investment, China Aerospace Science, Technology Corporation, Thomson Locations: HONG KONG, BEIJING, China, Beijing, U.S, Japan, Netherlands

☆ A Ukrainian donation drive built an 'Army of Drones' and picked up an unusual system called a 'Shahed Hunter' for Kyiv's forces
▼ + stars: | 2023-05-10 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

It has used the funds to purchase thousands of UAVs, and systems to hunt Russian drones. The Shahed Hunter system is a network of radars and signal jammers that can detect Russian drones from around 25 miles away, Fedorov said. It's unclear where, exactly, the Shahed Hunter systems have been used or how many times they have been deployed. But Fedorov noted that Ukraine needs more of the systems to defend against continuous waves of Russian drone attacks. On Sunday night alone, Ukraine's air defense systems shot down 35 drones — 30 of which targeted Kyiv, according to the country's defense ministry.

☆ China launches weather satellite, flights avoid no-fly zone to north of Taiwan
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Ann WangBEIJING/TAIPEI, April 16 (Reuters) - China launched a weather satellite on Sunday as civilian flights altered their routes to avoid a Chinese-imposed no-fly zone to the north of Taiwan which Beijing put in place because of the possibility of falling rocket debris. The no-fly announcement rattled regional nerves as it followed shortly after China staged new war games around Taiwan, which Beijing views as sovereign Chinese territory. Flights to and from Taiwan and China, Taiwan and South Korea and Taiwan and Japan were amongst those detouring around the zone on Sunday morning, according to routes tracked on Flightradar24. The zone is in an area over the East China Sea slightly northeast of Taiwan that routinely sees heavy civilian flight traffic. China has denounced what it has called hype around China's space activities and an attempt to escalate confrontation across the Taiwan Strait.

☆ China could start building a moon base with lunar-soil bricks in 5 years, amid NASA fears of a moon territory dispute
▼ + stars: | 2023-04-13 | by ( Marianne Guenot | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

China could be ready to start building its lunar base within five years, scientists said. China has made major strides in space exploration, recently launching its own crewed space station. "We will be using real moon soil to make the first brick right there on the moon," he added, per SCMP. These could be used to make habitats on the moon using traditional Chinese building techniques, he said. The agency wants to build its own station orbiting the moon, as well as an Artemis lunar base.

☆ Stocks making the biggest moves midday: Zillow, Microsoft, Meta, Fidelity National and more
▼ + stars: | 2023-02-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Microsoft — The technology corporation's shares rose more than 3% on Monday, pushing its market cap over $2 trillion once again, after Morgan Stanley reiterated its overweight rating for the stock. Ralph Lauren — Shares of the apparel giant rose almost 4% after Bank of America upgraded the stock to buy from neutral. Meta — The Facebook parent's stock rose nearly 3% after the Financial Times reported it is planning another round of layoffs. Five Below — The discount retailer's stock rose 2.9% after Roth MKM upgraded it to buy from hold, noting it sees attractive growth ahead. Late last week, Reuters reported that Tesla must open its supercharging network to competitors in order to qualify for U.S. subsidies.

☆ The key to finding a job after 12 years off isn't throwing around resumes 'like confetti,' says a military mom of 3. She found a different way — and a job she loves
▼ + stars: | 2022-11-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Cassie Glubzinski, 36, began her job search in January after nearly 12 years away from the workforce. Despite the Great Resignation, many Americans haven't found the job search as easy as some suggest. "I felt woefully inadequate because when it came to writing work experience, my experience was 10 years old," she said. "So it's cyclical because you're wanting to work, but you need work experience to work, but you need the job to get the work experience." "It was very much right place, right time, right background, and right homework done," she said.

☆ One of the most popular courses among Stanford MBA students is informally named 'Touchy Feely' — here's why
▼ + stars: | 2020-09-23 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

The popular course "Interpersonal Dynamics" was nicknamed "Touchy Feely" by professors and students. Stanford GSB shared with Business Insider that 95% of Stanford GSB students take this beloved course, even though it's not required. Courtesy of Ian CinnamonCinnamon added that now, whenever he's in any difficult situation, it's become "instinct" to think back to what he learned from the "Touchy Feely" course. "'Touchy Feely' has been influential in much of our work at Impact Experience," she said. "'Touchy Feely' and the courses in leadership that build from its approach … helped me develop the tools I now employ on a daily basis."

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