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3 Bodies Found Amid Violence in Solomon Islands
  + stars: | 2021-11-27 | by ( Yan Zhuang | )   time to read: +1 min
MELBOURNE, Australia — After days of riots in the Solomon Islands during which protesters called for Prime Minister Manasseh Sogavare to resign, set buildings ablaze and looted stores, authorities on Saturday said they had found the bodies of three people in a burned-out building. They are the first reported deaths following days of violent protests in Honiara, the nation’s capital. The three bodies, which were burned, had been found in the remains of one store in the Chinatown district, a police spokesman said. It’s unclear if the deaths are directly linked to the protests, but they come after officials in China have urged the Solomon Islands to protect Chinese citizens and businesses. The decision by the Solomon Islands’ central government to switch its diplomatic relationship from Taiwan to China in 2019 was the driving force behind the protests, according to experts, with the move exacerbating social and political fault lines dividing the nation.
Persons: Manasseh Sogavare Locations: MELBOURNE, Australia, Solomon, Honiara, Chinatown, China, Solomon Islands, Taiwan
People gather as smoke rises from several torched buildings around the Chinatown district of Honiara in the Solomon Islands on Friday. Charley Piringi / AFP - Getty ImagesSogavare angered many in 2019, particularly leaders of the Solomon Islands’ most populous province, Malaita, when he cut the country’s diplomatic ties with Taiwan. Australian Foreign Minister Marise Payne did not agree that other countries had stirred up the unrest. The Solomon Islands, about 1,000 miles northeast of Australia, were the scene of bloody fighting during World War II. They were successful, though fighting in and around the Solomon Islands continued through the end of the war.
Persons: Manasseh Sogavare, Sogavare, Charley Piringi, Malaita, Peter Dutton, ” Sogavare, “ I’m, Marise Payne, ” Payne, “ We’ve, Gina Kekea, ” Kekea, Kekea, “ It’s, Scott Morrison, Morrison, , we’ve, ” Morrison, , Zhao Lijian, Solomon Organizations: Solomon Islands, Parliament, Getty, Australia's, Australian, Getty Images, Protesters, Solomon, Foreign Ministry, U.S, Marines Locations: CANBERRA, Australia, Taiwan, Beijing, Honiara, Chinatown, Solomon Islands, AFP, Solomon, Malaita, China, Guadalcanal
A delegation of mostly Democratic lawmakers arrived in Taiwan for a two-day trip, marking the second Congressional visit in roughly two weeks at a time of rising tension between Beijing and Washington over the democratically self-ruled island. The five-member delegation landed in Taipei Thursday evening ahead of meetings Friday with senior Taiwanese officials on issues including U.S.-Taiwan relations and regional security, according to statements from Taiwan’s Foreign Ministry and the American Institute in Taiwan, the de facto U.S. embassy on the island.
Organizations: Democratic, ., Taiwan’s Foreign Ministry, American Institute, U.S Locations: Taiwan, Beijing, Washington, Taipei
Flames rise from buildings in Honiara's Chinatown on November 26, 2021 as days of rioting have seen thousands ignore a government lockdown order. Australian police began taking control of the Solomon Islands capital Honiara on Friday after days of violent protests in the South Pacific island nation, witnesses said. Prime Minister Manasseh Sogavare, who requested help from Australia, on Friday blamed foreign countries for stoking the violent protests, but did not name any. "I feel sorry for my people in Malaita because they are fed with false and deliberate lies about the switch," Sogavare told the Australian Broadcasting Corporation. China and Taiwan have been rivals in the South Pacific for decades with some island nations switching allegiances.
Persons: Manasseh Sogavare, Sogavare, Solomon Organizations: Reuters, Malaita, Australian Broadcasting Corporation, United Nations Locations: Honiara's Chinatown, Solomon Islands, Honiara, South Pacific, Chinatown, Australia, Guadalcanal, Taiwan, China, Malaita, People's Republic of China, Pacific
In a news conference Wednesday, Zhu Fenglian, spokeswoman for China's Taiwan Affairs Office, noted reports of the shooting, without offering any details. Taiwan and China have extradited suspects and convicted criminals across the Taiwan Strait in the past. Since then, Taiwan has received 502 suspected criminals from China, according to data provided by Taiwan's Ministry of Justice. China, on the other hand, has received 21 people from Taiwan, according to the island's Ministry of Justice. Last year, only four suspects were returned to Taiwan from China.
Persons: gunning, Huang, China's, Zhu Fenglian, Lee Dong, Chen Yung, Tsai Ing Organizations: CNN, Investigation, Taiwan's Central News Agency, CNA, Taoyuan International Airport, Ministry of Public Security, China's Twitter, Weibo, China's Taiwan Affairs Office, Taiwan, Chinese Communist Party, Kinmen, Taiwan's Ministry of Justice, island's Ministry of Justice, Democratic Progressive Party Locations: China, Hong Kong, Taiwan, Xiamen, New Taipei City, Taoyuan, Weibo, Taipei, Beijing, People's Republic of China, China's, Guangdong
Carmakers get inventive as global chip crisis bites
  + stars: | 2021-11-26 | by ( Christina Amann | )   time to read: +5 min
The German maker of Mercedes-Benz cars has set up a direct line of communication with all chip suppliers, including wafer producers in Taiwan, he said at the IAA auto show in September. Chip suppliers need to be treated differently given their strategic importance to the industry, said Stefan Bratzel from the Center for Automotive Management. "You have seen the problems that arise when you treat the chip companies like other suppliers and stop the calls," he said. McKinsey's Burkacky said carmakers should consider direct investments in production, or longer contracts with terms of more than 18 months. General Motors (GM.N) has said it will work with chip manufacturers like Qualcomm (QCOM.O), STM (STM.BN) and Infineon (IFXGn.DE) to develop microcontrollers that combine several functions previously controlled by individual chips.
Persons: Ford, Jeff Dean, Ondrej Burkacky, Markus Schäfer, Herbert Diess, Stefan Bratzel, McKinsey's Burkacky, carmakers, Annette Danielski, Daimler, Schäfer, Tesla, McKinsey's, Nick Carey, Mark Potter Organizations: Kentucky Speedway, REUTERS, Daimler, Volkswagen, Bosch, McKinsey, Benz, Center for Automotive Management, U.S, General Motors, Qualcomm, Infineon, BMW, Thomson Locations: Sparta , Kentucky, U.S, Taiwan, Asia, Zwickau, Germany
China claims Taiwan as its own and has been warning the US to stop engaging with the island nation. China is obstinate that Taiwan is part of the country, whereas Taiwan, which has been self-governing for decades, is fiercely opposed to the idea. In late October, President Joe Biden appeared to suggest that the US would defend Taiwan from an attack by China. China opposes "any official interaction between the US and China's Taiwan region," Zhu Fenglian, a spokesperson for China's Taiwan Affairs Office, said Wednesday. On Monday, China said it would punish any companies that support Taiwan independence or Taiwanese companies on the mainland.
Persons: Elissa Slotkin, Mark Takano, Sara Jacobs, Nancy Mace, Colin Allred, Takano, Jacobs, Allred, Mace, Slotkin, Ceng Shou Yi, Joe Biden, Biden, Xi Jinping, Zhu Fenglian, Tsai Ing Organizations: Service, Rep, Veterans ' Affairs Committee, Reuters, Republican, Embassy, NBC News, US Air Force, Getty, Taiwan Affairs Office, Taiwan Locations: Taiwan, DC, China, Washington ,, US, Taiwan Straits, Taipei, People's Republic of China, Washington , DC
Cruise stocks were also getting rocked: Royal Caribbean (RCL) slid 10.6%, Carnival (CCL) took a 10.5% hit, and Norwegian (NCLH) fell 10%. Stay-at-home stocks – Stocks that benefited from Covid-19 closures rebounded, with Zoom Video (ZM) gaining 7.8% in premarket trading, DocuSign (DOCU) up 3%, Netflix (NFLX) higher by 2.2% and Peloton (PTON) jumping 6.2%. However, that was a lower efficacy rate than was seen in an earlier study, and Merck fell 3% in premarket trading. Didi Global (DIDI) – Didi has been asked by Chinese regulators to delist from the New York Stock Exchange, according to a Bloomberg report. Didi slid 6.3% in premarket action.
Persons: Ridgeback Biotherapeutics, Didi Global, DIDI, – Didi, Didi, – Tesla, Tesla, Lockheed Martin, Sweden's, Satya Nadella Organizations: DAL, JetBlue, Royal, , Netflix, Pfizer, Merck, New York Stock Exchange, Bloomberg, Beijing Daily, Micron Technology, Micron, United Microelectronics, United, Boeing, Canadian Press, Sweden's Saab, Microsoft, SEC Locations: Delta, Covid, Shanghai, Taiwan, Canada, China
WASHINGTON — Five U.S. lawmakers arrived in Taiwan on Thursday to meet with government officials, defying an admonition from Beijing to stay away from the hotly contested democratic island. The Chinese Embassy in Washington, D.C., did not immediately respond to a request for comment. American support for Taiwan's military and the elevation of unofficial relations with Taiwan in recent years has strained U.S.-China relations. China lays claim to Taiwan and does not have official ties with countries that recognize the autonomous island as an independent nation. As a result, the U.S. does not officially recognize Taiwan, nor does it maintain an embassy there.
Persons: Elissa Slotkin, Mark Takano, Slotkin, Colin Allred, Nancy Mace, Sara Jacobs, Joe Biden Organizations: WASHINGTON —, WASHINGTON — Five U.S, Embassy, , Twitter, Washington , D.C, House Veterans Affairs, Reuters, CNN Locations: WASHINGTON — Five, Taiwan, Beijing, Washington ,, Texas, U.S, China, The U.S, Washington
HONG KONG — A Chinese fashion photographer has apologized after backlash over work she did for French luxury brand Dior. The picture featured a tan, freckled model of Asian descent wearing traditional Chinese clothing while holding a black Lady Dior bag. The photo was removed from display at a Dior fashion exhibition in Shanghai in the wake of the controversy. I think that I must still formally apologize to everyone,” Chen said as she addressed her followers on social media earlier this week. “Dior is unwaveringly loyal to Chinese consumers and society.”NBC News has reached out to Dior for comment.
Persons: Dior, Chen Man, , ” Chen, , Chen, Annie Leibovitz, she's, ” “ Dior, “ Dior, It’s, Gabbana Organizations: Dior, Twitter, Global Times, Communist Party, British, China, NBC, Nike, Burberry, Dolce Locations: HONG KONG, Shanghai, Weibo, China, Taiwan, Xinjiang
CANBERRA, Australia — Australia announced Thursday it is sending police, troops and diplomats to the Solomon Islands to help after anti-government demonstrators defied lockdown orders and took to the streets for a second day in violent protests. “It is not the Australian government’s intention in any way to intervene in the internal affairs of the Solomon Islands. “Our presence there does not indicate any position on the internal issues of the Solomon Islands,” Morrison added. Australia led an international police and military force called the Regional Assistance Mission to Solomon Islands that restored peace in the country after bloody ethnic violence from 2003 until 2017. Morrison said he decided to send help after it became clear that police in the Solomon Islands were “stretched.”Sogavare angered many in 2019, particularly leaders of the Solomon Islands’ most populous province, Malaita, when he cut the country’s diplomatic ties with Taiwan, switching its diplomatic allegiance to China instead.
Persons: Scott Morrison, Morrison, , Manasseh Sogavare, Sogavare, ” Morrison, , ” “, Gina Kekea, Daniel Suidani, Suidani, Mannaseh Sogavare, Solomon, Elizabeth Osifelo, ” Osefelo, “ It’s Organizations: Australia —, Solomon Islands, Parliament, Solomon Star News, Solomon Islanders, Australian Broadcasting Corp Locations: CANBERRA, Australia, Solomon, Honiara, Solomon Islands, Malaita, Taiwan, China, Beijing
Not for the first time this year, analysts are optimistic that supply shortages are easing and will be fixed within three to six months. Over the past year he has often asked analysts and companies to draw supply chains, identify the pressure points and estimate how long it would take to fix them. “What individual companies see as their supply chain is actually just one strand in a global supply web that links many other firms to the same producers and distributors. Of course, demand has played a role too: It has been skewed toward goods because of the pandemic, perpetuating shortages even as production recovered to 2019 levels. But, in a world of globalized supply chains, anticipating the timing of this reversal may be next to impossible.
Persons: Kallum Pickering, , John Maynard Keynes’s “, Jon Sindreu Organizations: Global, Berenberg Bank, Bank for International, BIS Locations: U.S, Europe, London, Taiwan
China's 5 big tech issues for 2022
  + stars: | 2021-11-25 | by ( Arjun Kharpal | )   time to read: +4 min
Here's a look at the top concerns and focuses of China's technology sector right now. China's tech crackdownIn November 2020, what would have been a world record-setting initial public offering of fintech giant Ant Group was suspended. How China will boost its domestic chip industry in the face of those hurdles is a major, ongoing debate. When it comes to artificial intelligence, Chinese technology giants from Baidu to Tencent are investing heavily. Electric vehiclesAnother area that China is emphasizing — and one which investors know well — is electric vehicles.
Persons: Taiwan's Organizations: Getty Images, East Tech West, CNBC, Semiconductors, U.S, Samsung, Baidu Locations: Getty Images GUANGZHOU, China, Beijing, Nansha, Guangzhou, South, Mars
MediaTek chips are seen on a development board at the MediaTek booth during the 2015 Computex exhibition in Taipei, Taiwan, June 3, 2015. REUTERS/Pichi ChuangTAIPEI, Nov 25 (Reuters) - Taiwan is looking at cooperating with three Eastern European countries on semiconductors, a minister said on Thursday, a move likely to find favour in Brussels which has been courting Taiwanese semiconductor firms to manufacture in the bloc. Taiwan will set up working groups with the three countries to work out how to cooperate on chips, while Taiwan will also give scholarships for technical training, he added. The European Commission has proposed legislation to boost chip production, and has angled for Taiwan's involvement. Register now for FREE unlimited access to RegisterReporting by Ben Blanchard; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.
Persons: Chuang, Kung, hsin, Ben Blanchard, Jacqueline Wong Organizations: REUTERS, Eastern, . Tech, Taiwan Semiconductor Manufacturing Co, Kung Ming, Development Council, EU, European Commission, Thomson Locations: Taipei, Taiwan, Chuang TAIPEI, Brussels, U.S ., Arizona, Europe, Slovakia, Czech Republic, Lithuania, Czech, China
Hide Caption 3 of 26Photos: "Soul Food" (1997): Vanessa L. Williams, Irma P. Hall and Vivica A. Hide Caption 4 of 26Photos: "Burnt" (2015): Bradley Cooper stars as a troubled chef seeking redemption in this tasty flick. The film stars Juliette Binoche and Dame Judi Dench. Hide Caption 23 of 26Photos: "The Ramen Girl" (2009): Brittany Murphy plays an American who goes to Japan to learn how to cook noodles. Hide Caption 25 of 26
Persons: Jon Favreau, Babette Hersant, Marco Leonardi, Vanessa L, Williams, Irma P, Bradley Cooper, Manish Dayal, Hassan Kadam, Marc Anthony, Tony Shalhoub, Minnie Driver, Ang Lee, Sihung Lung, Wu, Jacqueline Obradors, Tamara Mello, Elizabeth Peña, Ang, Kevin McCarthy, Cook, Michael Gambon, Andrea Ferreol, Philippe Noiret, Paul Giamatti, Thomas Haden, Juliette Binoche, Dame Judi Dench, Patton Oswalt, Peter O'Toole, Jean Pierre Lorit, Martha, Martina Gedeck, Sergio Castellitto, Aaron Eckhart, Catherine Zeta, Jones, Adam Sandler, Paz Vega, Ken Watanabe, Ryutaro Otomo, Charlie, Augustus Gloop, Philip Wiegratz, Johnny Depp, Julie, Julia, Julie Powell, Amy Adams, Julia Child, Meryl Streep, Julia Roberts, Elizabeth Gilbert, Hide, Brittany Murphy, Annabeth Gish, Lili Taylor Organizations: Fox, Thomas Haden Church Locations: Miami, Los Angeles, Mexico, Italian, Taiwan, Mexican, American, Japan
In China, high energy prices have led to power rationing, hurting industry and sparking concern about winter heating supplies. Combined, the United States and China consume nearly 35 million barrels of oil a day, more than a third of global demand. U.S. oil prices hit a seven-year high in late October driving inflation and hitting Biden's approval rating ahead of midterm elections next year. But in the short term, the action by consuming countries is likely to put pressure on oil prices, Yergin said. "This also comes at a time when the supply/demand balance is on a course to improve over the next few months, and this oil deal will add to that.
Persons: Joe Biden, Xi Jinping, Jonathan Ernst WASHINGTON, Joe Biden's, Biden, Daniel Yergin, Yergin, Amy Myers Jaffee, Jaffee, Trump, Timothy Gardner, Jarrett Renshaw, Jessica Resnick, Ault, David Gaffen, Heather Timmons, Alistair Bell Organizations: White, REUTERS, IHS, U.S, Biden, Glasgow, Tufts University, OPEC, Reuters Graphics China, United, Reuters Graphics Reuters, ClearView Energy Partners, Congress, Thomson Locations: Washington , U.S, China, United States, India, Cooperation, Beijing, Japan, U.S, Glasgow, Scotland, Washington, Xinjiang, Hong Kong, Tibet, Taiwan, Saudi Arabia, Russia, Canada, South Korea
Biden administration invites Taiwan to its Summit for Democracy
  + stars: | 2021-11-24 | by ( )   time to read: +2 min
WASHINGTON — The Biden administration has invited Taiwan to its "Summit for Democracy" next month, according to a list of participants published on Tuesday, a move likely to infuriate China, which views the democratically governed island as its territory. Self-ruling Taiwan says Beijing has no right to speak for it. Sharp differences over Taiwan persisted during a virtual meeting earlier this month between Biden and Chinese President Xi Jinping. Rights groups question if Biden's Summit for Democracy can push those world leaders who are invited, some accused of harboring authoritarian tendencies, to take meaningful action. Representation from the Middle East will be slim, with Israel and Iraq the only two countries invited.
Persons: WASHINGTON —, Biden, Joe Biden's, Xi Jinping, Xi Organizations: Democracy, State, White, Xinhua, State Department, NATO Locations: Taiwan, China, United States, Russia, Beijing, Taipei, Taiwan Strait, France, Sweden, Philippines, India, Poland, Asia, Japan, South Korea, Thailand, Vietnam, Egypt, Turkey, Israel, Iraq
WASHINGTON—The Biden administration invited Taiwan to participate in a meeting of democracies, further bucking Beijing’s long-pressed campaign to isolate the island diplomatically and testing a recent lessening of U.S.-China tensions. The inaugural Summit for Democracy, a virtual gathering scheduled for Dec. 9 and 10, aims to bring together more than 100 democratic governments and excludes China, Russia and some other countries with authoritarian leaders. By inviting Taiwan, the Biden administration is broadening an effort to include the island in international forums, raising its profile as a bulwark against intimidation by Beijing, which claims Taiwan as its territory.
Persons: WASHINGTON —, Biden Organizations: for Democracy Locations: Taiwan, U.S, China, Russia, Beijing
A woman participating at the annual Double Ten celebration in Taipei, Taiwan, holds up the Taiwan flag. The Biden administration has invited Taiwan to its "Summit for Democracy" next month, according to a list of participants published on Tuesday, a move likely to infuriate China, which views the democratically governed island as its territory. The list does not include China or Russia. Self-ruling Taiwan says Beijing has no right to speak for it. Sharp differences over Taiwan persisted during a virtual meeting earlier this month between Biden and Chinese President Xi Jinping.
Persons: Biden, Joe Biden's, Xi Jinping Organizations: Democracy, State Locations: Taipei, Taiwan, China, United States, Russia, Beijing
MELBOURNE, Nov 24 (Reuters Breakingviews) - Maybe Jamie Dimon learned something about President Xi Jinping’s sense of humour during his recent visit to Hong Kong. The JPMorgan (JPM.N) boss was clearly just looking for a chuckle read more on Tuesday when he said he’d wager that his bank would outlast China’s Communist Party, following up with, “I can’t say that in China. JPMorgan might not be a household brand in China, but it has worked hard to put itself on firm footing there. Dimon will know soon enough whether he turned his bank into a Chinese punchline. Follow @AntonyMCurrie and @JennHughes13 on TwitterCONTEXT NEWS- JPMorgan chief executive on Nov. 23 joked that the bank would last longer than the Chinese Communist Party.
Persons: Jamie Dimon, Xi, outlast, Ben Bernanke, Donald Trump, Dimon, Antony Currie, Jennifer Hughes, Jeffrey Goldfarb, Katrina Hamlin Organizations: MELBOURNE, Reuters, JPMorgan, Communist Party, Federal, UBS, Swiss, Register, Qantas, Marriott International, Chinese Communist Party, Boston College Locations: Hong Kong, China, Beijing, Zara, Taiwan, Melbourne
The dollar's (.DXY) index against the other major currencies hit its highest since July 2020, while the greenback hit its highest in four years against Japan's yen and 2021 highs against the euro and sterling. And all this comes at time when dollar funding around the world tends to get seasonally sticky anyhow, even before you deal with the ebbing tide of world liquidity. But TS Lombard economist Shweta Singh said the FX swap market may no longer even be best measure of dollar funding stress as dollar liquidity ebbs from here. She points out the recent abundance of dollars due to Fed bond buying, emergency facilities and other related expansions of U.S. bank reserves meant offshore borrowers had been tapping domestic money markets more than offshore swaps. "The Fed's large balance sheet, standing repo facilities, and swap lines have meaningfully mitigated the ripple effects from a strong dollar to global financing conditions, but they have not eliminated the impact from a strengthening greenback on offshore dollar funding," Singh told clients.
Persons: Murad Sezer, Jerome Powell's, Goldman Sachs, Saxo, Peter Garnry, Shweta Singh, Singh, Mike Dolan, David Evans Organizations: REUTERS, Federal Reserve, Goldman, Citi, HSBC, Deutsche Bank, NATO, greenback, Japan's, Fed, Big Tech, Nasdaq, FX,, Lira, Twitter, Thomson Locations: U.S, Europe, Russia, Ukraine, Belarus, West, China, Taiwan, Turkey, Wall St, United States
AGUASCALIENTES, Mexico, Nov 24 (Reuters) - A global semiconductor shortage is hitting Mexico's auto workers hard as employers slash output, reduce shift work and cut jobs due to supply-chain breakdowns. COVID-19 outbreaks in Asian semiconductor manufacturing hubs have slowed chip production. The auto industry, which employs 946,000 workers currently, has lost 16,000 auto jobs since the end of 2019, AMIA figures show. U.S. lawmakers, meanwhile, are mulling subsidies to bolster U.S. chip production. Some auto workers are stunned by their turn of fortune.
Persons: Cuitlahuac Perez, Perez, Manuel Ando, Ando, Dalila Gomez, Gomez, , Fitch, chipmaker, Manuel Alejandro Gonzalez, Anibal, Anthony Esposito, Sharay Angulo, Marla Dickerson Organizations: Semiconductors, Nissan Motor Co ., Reuters, Daimler AG, Renault, Nissan, Mercedes, Benz, Mexican Automotive Industry Association, Bank of, Automotive, Germany, General Motors Co, Taiwan Semiconductor Manufacturing, Sony Group, Thomson Locations: AGUASCALIENTES, Mexico, Mexican, Aguascalientes, Morelos, Bank of Mexico, China, North America, hiccups, Minth, Japan, Detroit, United States, Washington, Mexico City
China said the US made a "mistake" in inviting Taiwan to Biden's upcoming democracy summit. Xi Jinping recently warned that Biden was "playing with fire" when it comes to Taiwan. "We have patience and will strive for the prospect of peaceful reunification with utmost sincerity and efforts," Xi told Biden. Biden and other US officials have reiterated their position that China and Taiwan should negotiate their relationship peacefully. "If you're interested in democracy, don't look at American democracy — especially not right now — on how to have a good democracy.
Persons: Xi Jinping, Biden, Joe Biden, Zhu Fenglian, Xi, Taiwan —, Antony Blinken, Fung, Winthrop Laflin McCormack Organizations: Service, Taiwan Affairs Office, Guardian, Xinhua News Agency, Washington, Taiwan Relations, White, Self, Government, Harvard Kennedy School, Institute for Democracy, Electoral Locations: China, Taiwan, America, Stockholm
The Solomon Islands imposed a 36-hour lockdown in the capital, Honiara, after protesters calling for the Prime Minister to resign looted stores and set fire to buildings, including in the Pacific nation's Parliament. Prime Minister Manasseh Sogavare called for the lockdown in an address that was broadcast late on Wednesday, after police had earlier deployed tear gas to break up protests. People from the country's most populous island, Malaita, had traveled to the capital in a spillover of anger about a host of domestic issues including unrealized infrastructure promises, media reported. As well as anger about a lack of development, the Solomons government has faced pressure over a 2019 decision to cut ties with Taiwan and establish a formal relationship with China. "Our nation witnessed another sad and unfortunate event aimed at bringing a democratically elected government down," said Sogavare.
Persons: Manasseh Sogavare, Read Organizations: Pacific Locations: Solomon, Honiara, Malaita, Solomons, Taiwan, China
Samsung Orders U.S. Chips, With a Side of Geopolitics
  + stars: | 2021-11-23 | by ( Jacky Wong | )   time to read: +1 min
Every country wants a cutting-edge semiconductor plant. But the company will have to learn to negotiate the ever tighter relationship between geopolitics and advanced chip making. The South Korean technology giant plans to build a $17 billion plant in Taylor, Texas, to make advanced chips for its contract-manufacturing, or foundry, business. That is another step toward the Biden administration’s goal of boosting chip making at home. Samsung rival Taiwan Semiconductor Manufacturing has started construction on its $12 billion Arizona plant that will go into mass production in 2024.
Organizations: Samsung Electronics, Biden, Samsung, Taiwan Semiconductor Manufacturing, Intel Locations: U.S, Korean, Taylor , Texas, Arizona
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