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BEIJING (AP) — As the U.S. presidential campaign moves closer to a Donald Trump-Joe Biden rematch, China is watching uneasily. While Biden has looked for areas of cooperation with China, Beijing is concerned about his efforts to unite allies in the Indo-Pacific in a coalition against China. “For China, no matter who won the U.S. presidential election, they would be two ‘bowls of poison’,” said Zhao Minghao, a professor of international relations at Fudan University in Shanghai. When Biden and Trump squared off in 2020, U.S. intelligence agencies reported before the election that China viewed Trump as “unpredictable” and opposed his reelection. “Trump is by nature volatile and cruel and is a person hard to be familiar with,” said Shi Yinhong, international relations professor at Renmin University of China.
Persons: Donald Trump, Joe Biden, uneasily, Biden, It’s, hasn’t, , Zhao Minghao, Sun Chenghao, Trump, Chuan Jianguo, “ Trump, Sun Yun, Sun, Xi Jinping, Antony Blinken, Xi, Miles Yu, China's, ” Yu, Deng Xiaoping, Shi Yinhong, Shi, Wang Yiwei, ” Wang, ” Shi, ___ Tang, Yu Bing, Chen Wanqing, Eric Tucker Organizations: BEIJING, U.S, China, Trump, , Fudan University, Center for International Security, Tsinghua University, Stimson Center, Hudson Institute, Communist Party, Renmin University of China, White, Institute of International Affairs, Associated Press Locations: China, Beijing, Taiwan, Shanghai, Asia, Pacific, Sun, Washington, Lago, Florida, City, United States, U.S
The update was partially to assure people that DoD wasn't "building killer robots in the basement," a senior official said. The US and some of its adversaries are making rapid progress on AI weapons, with lots of controversy in the mix. Last year, DoD updated its directive on autonomy in weapons systems, which was originally published back in 2012. AdvertisementThe move reflects the US' growing interest and progress in developing AI weapons systems. Other nations, however, had hoped to use the UN as a platform to propose restrictions and limit how autonomous weapons operate.
Persons: , Kathleen Kicks, Dominic Garcia, William Pugh, Michael C, Horowitz, isn't, Henry M, Jackson, Devin M, Langer, Tiffany Price, Khalil Hashmi, Hicks Organizations: Defense Department, DoD, Service, Pentagon, of Defense, Air Force, Barksdale Air Force Base, Defense for Force Development, Center for Strategic, International Studies, AI, Technologies, Strategic, Joint Chiefs, Staff, Tyndall Air Force Base, United Nations, New York Times, UN, The Times Locations: China, La, Ukraine, Fla, United, Russia, Australia, Israel, Pakistan
Washington CNN —Chinese-made drones “continue to pose a significant risk to critical infrastructure and US national security” and companies should be wary of using them, the FBI and Cybersecurity and Infrastructure Security Agency warned in a new memo issued Wednesday. “Our nation’s critical infrastructure sectors, such as energy, chemical and communications, are increasingly relying on [unmanned aerial systems] for various missions that ultimately reduce operating costs and improve staff safety,” said CISA Executive Assistant Director for Infrastructure Security Dr. David Mussington in a statement. The Department of Homeland Security has been warning about the risks posed by Chinese-made drones, which dominate the global market for commercial drones, for years. “CISA and the FBI rightly point out the risk, and more importantly, how to mitigate these known cyber risks. It’s clear that the United States government has deemed Chinese-made drones a threat to security as China’s dominance of the electronics supply chain, including drones, is harming U.S. national security interests.”
Persons: , David Mussington, DJI, Brian Harrell, we’ve, “ CISA Organizations: Washington CNN, FBI, Infrastructure Security Agency, CNN, Infrastructure Security, PRC’s, Civil Fusion, Department of Homeland Security, DHS, US Army, U.S Locations: China, People’s Republic of China, United States, Canada, DJI
Visitors look at an BYD Seal U electric car of Chinese car brand BYD at the IAA Mobility 2023 international motor show on September 6, 2023 in Munich, Germany. BYD launched its AI-powered smart car system on Tuesday as the world's largest electric car maker seeks to better compete with rivals on advanced technologies such as automated parking. The Xuanji smart car system "perceives changes inside and outside the vehicle in milliseconds" thereby "enhancing driving safety and comfort," the firm said in a statement on Tuesday. The Chinese EV giant's Shenzhen-listed shares shed more than 2% on Wednesday in a broader decline in the China stock market. A price war and intensifying competition in the Chinese EV market have squeezed profitability for China's EV makers including BYD, Nio, Xpeng and Li Auto.
Persons: BYD, Wang Chuanfu, Tesla, Li Auto Organizations: Integrated Vehicle Intelligence, Weibo, EV giant's Shenzhen, EV, China's, Li Locations: Munich, Germany, U.S, China, Shenzhen
Russia is still obtaining large volumes of Western technology critical to its war in Ukraine, even as sanctions show some sign of taking hold, new analysis shows. Moscow imported more than $22 billion worth of critical components between January and October 2023, Russian trade data shows. Over the same period, it also imported almost $9 billion worth of "high-priority" battlefield components, which Western authorities have specifically sanctioned. The report's authors said the data suggests that some export controls are working, and that Russia has been unable to find reliable substitutes for many Western components. Zelenskyy did not provide evidence for his assertion, and Russia has separately said that its production of military equipment has stepped up.
Persons: , Russia —, Bilousova, Volodymyr Zelenskyy, Zelenskyy Organizations: United Arab, KSE Institute, Russia, CNBC Locations: Russia, Ukraine, China, Hong Kong, Turkey, United Arab Emirates, Western, Japan, South Korea, UAE, Moscow
CNN —Owen Monroe was 18 days old when he made history, becoming the first person in the world to receive a partial heart transplant. At the time of his first operation, Owen’s heart was the size of a strawberry. Researchers have been working to make growing heart valves a reality through tissue engineering, germinating them from cells in a lab. She wrote a recent editorial about the potential of partial heart transplants, but she was not involved in this research. Another child who’s gotten a partial heart transplant hasn’t needed any anti-rejection medication and is doing well.
Persons: CNN — Owen Monroe, Hollywood scriptwriters, , Kathleen Fenton, Owen Monroe's, Nick, Tayler Monroe “, ” Fenton, , Joseph Turek ,, Turek, Tayler Monroe, Owen’s, Owen, Owen Monroe, truncus, ” Nick Monroe, They’re, , , Nick Monroe, Owen wouldn’t, Monroe, ” Monroe, ” Owen Monroe Nick, ’ ”, Ronald McDonald, there’s, ’ ” Monroe, aren’t, ” Turek, they’re, who’s, Dr, Sanjay Gupta Organizations: CNN, Hollywood, Advanced Technologies, Surgery, Blood Institute, Duke Health, Staff, CNN Health
Equinix is preparing for the generative-AI boom by arming more than 100 of its data centers with advanced liquid-cooling technologies. Its 250 data-center facilities rent space, hardware, and broadband to other companies to store data and run workloads in the cloud. The data centers will include new liquid-cooling technology, which helps lower the temperatures of Equinix's machines. The first of the company's data centers to host the new technology will be completed in the first quarter of 2024. Lin said Equinix already offers in-rack heat exchangers at most of its locations and has typically provided more advanced technologies on a "bespoke" basis.
Persons: Jon Lin, Lin, Equinix Organizations: San, San Francisco Bay Area, Business Locations: London, San Francisco Bay, Singapore, Equinix
How the U.S. courted the Philippines to thwart China
  + stars: | 2023-11-29 | by ( ) www.reuters.com   time to read: +14 min
What followed was two trips to the United States in less than a year for Marcos, and visits to the Philippines by high-ranking Biden administration officials. Marcos’ predecessor, the populist firebrand Rodrigo Duterte, was openly hostile to the United States and attempted to bring his country closer to communist China during his six-year term. For the United States, cementing alliances in the Asia-Pacific region is likewise crucial to keeping China in check. China’s Foreign Ministry, in a statement to Reuters, characterized China and the Philippines as “close neighbors across the sea” with a common interest in friendship. At the time, he said the cancellation of his visa was the latest in a list of “gripes and disrespect” by the United States.
Persons: Ferdinand “ Bongbong ” Marcos Jr, Joe Biden, Marcos, Gregorio Maria Araneta III, , ” Araneta, Biden, Kamala Harris, Antony Blinken, Defense Lloyd Austin, Julio Amador III, Marcos ’, Rodrigo Duterte, China’s, Xi Jinping, ” Marcos ’, Ferdinand Marcos Sr, , Marcos family’s, Washington, Duterte, China “, Becca Wasser, Wasser, Barack Obama, Xi, “ I’ve, ” Duterte, Ronald “ Bato, dela Rosa, Dela Rosa, gripes, Toribio Adaci, hadn’t, Blake Herzinger, Herzinger Organizations: Reuters, U.S, Defense, ., Party, China, U.S . State Department, ” Reuters, Philippine, United, Foreign Ministry, ” ‘, People’s Liberation Army, Center, New, New American Security, CNAS, U.S . Department of Defense, U.S ., Initiative, Philippines National Economic Development Authority, United States, Philippine National Police, Washington, Forces, VFA, Mutual, China’s, U.S . Pacific Fleet, Cooperation Locations: Philippines, Philippine, Manila, United States, U.S, China, America, Asia, Taipei, Taiwan, Beijing, South, East Asia, Pacific, Washington, Hawaii, South China, It’s, American, Japan, South Korea, Australia, New American, Taiwan . U.S, Duterte, China’s, Guangdong
An advanced geothermal project has begun pumping carbon-free electricity onto the Nevada grid to power Google data centers there, Google announced Tuesday. Getting electrons onto the grid for the first time is a milestone many new energy companies never reach, said Tim Latimer, CEO and co-founder of Google's geothermal partner in the project, Houston-based Fervo Energy. Political Cartoons View All 1267 ImagesFervo is using this first pilot to launch other projects that will deliver far more carbon-free electricity to the grid. Google and Fervo Energy started working together in 2021 to develop next-generation geothermal power. Google announced back in 2020 that it would use carbon-free energy every hour of every day, wherever it operates, by 2030.
Persons: Tim Latimer, ” Latimer, Michael Terrell, We’re, , Terrell, , ” Terrell, Jennifer Granholm, Granholm, Sarah Jewett, Latimer, DCVC, Rachel Slaybaugh, Fervo, Slaybaugh, it’s, Jewett Organizations: Google, Energy, International Energy Agency, Fervo Energy, U.S . Energy Information Administration, Energy Department, DOE, Massachusetts Institute of Technology, AP Locations: Nevada, Houston, Utah, Winnemucca , Nevada, Las Vegas, Reno, United States, California , Nevada , Utah, Hawaii , Oregon , Idaho, New Mexico, Latimer, Fervo, Beaver County , Utah
Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Nov 27 (Reuters) - Chinese tech giant Alibaba (9988.HK) has cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University, the company said on Monday. A spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue to focus on technology research with the aim of being a leader in artificial intelligence (AI) research. The source said Zhejiang University would try and recruit the affected employees to work on its own quantum research. DAMO Academy was launched in 2017 by Alibaba Group to research advanced technologies such as AI and machine learning.
Persons: Aly, Eddie Wu, Casey Hall, Miral Organizations: Artificial Intelligence, REUTERS, Rights, HK, Zhejiang University, Alibaba's DAMO Academy, Alibaba's, Reuters, DAMO, Alibaba Group, Thomson Locations: Shanghai, China
Panasonic’s auto deal deserves a speedy sequel
  + stars: | 2023-11-22 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Toru Hanai/File Photo Acquire Licensing RightsHONG KONG, Nov 22 (Reuters Breakingviews) - Panasonic’s (6752.T)decision to sell part of its automotive unit suggests CEO Yuki Kusumi’s plans are taking a promising turn. The business, which pioneers technology like infotainment systems for the next generation of internet-connected cars, is a growing but capital-intensive opportunity. Selling a stake to Apollo Global Management (APO.N), with the possibility of a listing later, could help fund faster development without denting Panasonic’s balance sheet or returns. This was an obvious target for Kusumi, who previously led the auto unit. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Toru Hanai, Yuki Kusumi’s, Panasonic’s, it’s, Katrina Hamlin, Francesco Guerrera, Thomas Shum Organizations: Panasonic Corp, Advanced Technologies, Makuhari, REUTERS, Reuters, Apollo Global Management, Sony, Hitachi, Panasonic, X, Walmart, Thomson Locations: JAPAN, Chiba, Japan, HONG KONG, Asia, Rome
A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsTOKYO, Nov 17 (Reuters) - Japan's Panasonic Holdings (6752.T) said on Friday it plans to sell a stake in its automotive systems business to funds managed by U.S. private equity firm Apollo Global Management, and has signed a memorandum of understanding with an Apollo affiliate. Continued investment in the automotive systems business would be necessary to achieve sustained growth for the company amid a rapid shift to electric cars and changes to vehicle architecture, Panasonic said. The automotive unit makes cockpit and electronics systems. It is separate from Panasonic's energy unit that makes batteries for electric vehicles, including those from Tesla (TSLA.O).
Persons: Toru Hanai, Daniel Leussink, David Dolan, Christopher Cushing Organizations: Panasonic Corp, Advanced Technologies, Makuhari, REUTERS, Rights, Japan's Panasonic Holdings, U.S, Apollo Global Management, Apollo, Panasonic, Thomson Locations: JAPAN, Chiba, Japan, Tokyo
Israel's new Eitan APC has performed its first combat missions in Gaza battling Hamas, IDF said. Featuring advanced technology from the Merkava tank series and Namer armored vehicles, the Eitan offers high mobility and firepower in various terrains. AdvertisementAdvertisementAn Eitan APC first went into action during the October 7 terrorist attacks on southern Israel by Hamas, according to Walla, an Israeli news outlet. AdvertisementAdvertisementAn Eitan commander, Lieutenant Yotam, told Walla: "The Eitan brings important capabilities such as flexibility, high level protection and lethality. Eitan APC: 'The best and most advanced'Israel's Eitan APC Zachi EvenorEitan means "strong" in Hebrew.
Persons: Israel's, Eitan, , Walla, Yotam, Israel's Eitan, Evenor Eitan, Sayeret, Guy Paglin Organizations: Service, Israel, Hamas, Israel Defense Forces, IDF, Technology, Eitan APC, Nahal Infantry Brigade, Defense, Defense Ministry's, Vehicles, Israel Times Locations: Gaza, Israel, Walla, Israeli, Brig
Nov 9 (Reuters) - Thales Alenia Space, a French-Italian joint venture between Thales (TCFP.PA) and Leonardo (LDOF.MI), will invest over 100 million euros ($107.15 million) to set up a Space Smart Factory at the Tecnopolo Tiburtino hub in Rome. The project to build an all-digital factory for the production of satellites is co-funded by the Italian Space Agency through Italy's post-pandemic recovery funds, the company said in a statement on Thursday. "The facility will form part of a system of interconnected space factories in Italy, employing advanced technologies to build satellites of different sizes for various fields and applications." the note read, adding Rome's plant will be one of the largest digital and reconfigurable facilities of its kind in Europe. Thales Alenia Space is jointly controlled by Thales, with a 67% stake, and Leonardo, with the remaining 33% stake.
Persons: Leonardo, Alessia, Kirsten Donovan Organizations: Thales Alenia Space, Thales, Smart Factory, Italian Space Agency, Thomson Locations: French, Italian, Rome, Italy's, Italy, Europe
Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - The Republican and Democratic leaders of a U.S. congressional committee on China urged Treasury Secretary Janet Yellen to urgently implement outbound investment restrictions on the country, warning that Beijing was using American capital to develop technologies as her department debated new rules. China has condemned the move, but some U.S. lawmakers have argued it has too many loopholes. Yellen should adopt a broad definition of technology in her guidelines on the investment restrictions, the lawmakers said in the letter, dated Oct. 30, arguing China had blurred the lines between commercial and military technology. Some U.S. officials have said the outbound investment rules should not be overly broad to avoid harming the U.S. economy.
Persons: Janet Yellen, Seth Wenig, Joe Biden, deliberates, Mike Gallagher, Raja Krishnamoorthi –, Gallagher, Krishnamoorthi, Michael Martina, Sandra Maler Organizations: Treasury, Rights, Republican, Democratic, Chinese Communist Party, CCP, U.S, Biden, Thomson Locations: United States, New York, China, Beijing, U.S
That’s the way two leading experts on urban warfare described the prospect of a ground attack by Israel on Hamas’ base in the streets and tunnels of Gaza. It’s in a body of knowledge on how to do this big of an urban operation as fast and effectively as possible. Israel continues to deploy soldiers and armored vehicles along the Gaza border in Zikim kibbutz of Ashkelon, Israel on October 14. In the concrete jungle of urban warfare, most of your weapons may not even penetrate the building the enemy is in. BERGEN: Doesn’t this have some implications for the “mass” involved when you launch a military operation in Gaza?
Persons: Peter Bergen, , Liam Collins, John Spencer, ” Collins, Spencer, ” PETER BERGEN, JOHN SPENCER, LIAM COLLINS, SPENCER, Mostafa Alkharouf, You’re, Liam Collins SPENCER, COLLINS, It’s, Nir Oz, David Kilcullen, you’ve, BERGEN, There’s, Yoav Gallant, Ronen Zvulun, We’re, Let’s, Liam, John Spencer BERGEN, Ukraine that’s Organizations: New, Arizona State University, Apple, Spotify, CNN, Hamas ’, Warfare, Madison Policy, New America, US Army Special Forces, Modern, US Military Academy, West, Israel Defense Forces, Hamas, Getty, IDF, Israel's, ISIS, Twitter, Facebook Locations: New America, Israel, Gaza, US, Madison, Afghanistan, Iraq, United States, Jerusalem, BERGEN, Gaza . Israel, Zikim, Ashkelon, Anadolu, COLLINS, Palestinian, Hamas, Israel's, Mosul, That’s, Ukraine, Russia, Let’s, Berlin, SPENCER
It’s a message ringing clear at the Tokyo Mobility Show, which will run through Nov. 5 at Tokyo Big Sight hall and where battery-powered electric vehicles are the star at practically every booth. Toyota Motor Corp.’s lean angular Lexus concept, set to go on sale in 2026, is an electric vehicle running on lithium-ion batteries. That is partly because of Toyota’s past success in hybrids, exemplified in the Prius, which have a gasoline engine in addition to an electric motor. In China, a third of vehicles sold are EVs. Nissan, an early EV maker among the Japanese with its Leaf going on sale in 2010, is showcasing four EV concept cars.
Persons: , ” Takero Kato, China's BYD, Kato, Tesla, EVs, Joe Biden, BYD, ” Kato, Joshua Cobb, , Cobb, Alfonoso Albaisa, ” Albaisa, De Souza, , John de Souza, ___ Yuri Kageyama Organizations: TOKYO, Toyota, Tokyo Mobility, Mazda Motor Corp, Honda Motor, Toyota Motor Corp, Journalists, General Motors Co, Ford Motor Co, Benz, Subaru, Lexus, International Energy Agency, BMI, SAIC, GM, EV, Nissan, , Manufacturers, Mitsubishi Fuso, Daimler, Mitsubishi Locations: Tokyo, Japan, U.S, China, San Francisco
REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsLONDON, Oct 22 (Reuters) - A milestone move by the European Central Bank toward launching a digital euro within a few years means the time has come for the newest incarnation of money to prove its worth. A few countries have introduced central bank digital currencies (CBDCs), China is trialling a prototype yuan with 200 million users, India is gearing up for a pilot and some 130 countries representing 98% of the global economy are exploring digital cash. Commercial bankers fret about the costs and possible deposit bleeds as customers could move money into central bank accounts, while developing countries worry that an easily accessible digital dollar, euro or yuan could cause havoc in their systems. DEFINING A GLOBAL STANDARDA key unknown is whether the U.S. Federal Reserve or Bank of Japan will launch retail CBDCs. "The current adoption level of eNaira has been reflective of the early stage of CBDC awareness," the country's central bank said in a written response to questions, adding it had been "consistent" with expectations.
Persons: Dado Ruvic, Josh Lipsky, Fabio Panetta, couldn't, Lee Braine, Bo Li, Atlantic Council's Lipsky, Lipsky, Marc Jones, MacDonald Dzirutwe, William Mallard Organizations: REUTERS, European Central Bank, Reuters, Atlantic Council, Facebook, ECB, Barclays, Bank of, U.S . Federal Reserve, Bank of Japan, International Monetary Fund, Atlantic, Thomson Locations: China, India, Western, Nigeria, U.S, Canada, Bahamas, London, Lagos
Vladimir Smirnov | Afp | Getty ImagesThe White House said on Friday that North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia for its ongoing war in Ukraine. The containers were shipped between Sept. 7 and Oct. 1 between Najin, North Korea, and Dunay, Russia, according to the White House. It threatened to respond in line with its escalatory nuclear doctrine that authorizes the preemptive use of nuclear weapons. The U.S. has accused North Korea of previously providing ammunition, artillery shells and rockets to Russia. After decades of hot-and-cold relations, Russia and North Korea have drawn closer since Moscow's invasion of Ukraine in 2022.
Persons: Vladimir Putin, Kim Jong, Vladimir Smirnov, Kim Jong Un, John Kirby, Kim, Kirby, Putin Organizations: North, Vostochny, Afp, Getty, White, National Security, Democratic People's, Korean Central News Agency, The, Strategic, International Studies Locations: Amur, Korea, Russia, Ukraine, North Korean, Russian, Najin, North Korea, Dunay, DPRK, Democratic People's Republic of Korea, Pyongyang, U.S, South Korea, Moscow, Washington, United States
WASHINGTON (AP) — The White House said on Friday that North Korea has delivered more than 1,000 containers of military equipment and munitions to Russia for its ongoing war in Ukraine. The containers were shipped between Sept. 7 and Oct. 1 between Najin, North Korea, and Dunay, Russia, according to the White House. The U.S. has accused North Korea of previously providing ammunition, artillery shells and rockets to Russia. North Korea has previously denied providing weaponry to Moscow. After decades of hot-and-cold relations, Russia and North Korea have drawn closer since Moscow’s invasion of Ukraine in 2022.
Persons: Kim Jong Un, Vladimir Putin, John Kirby, Kim, Kirby, , Putin, Kim Il Sung, Kim Jong, Antony Blinken, Dmytro Kuleba, Kuleba Organizations: WASHINGTON, North, National Security, Democratic People's, Korean Central News Agency, The, Strategic, International Studies, Hamas, Ukrainian Foreign, State Department Locations: Korea, Russia, Ukraine, North Korean, Russian, Najin, North Korea, Dunay, DPRK, Democratic People's Republic of Korea, Pyongyang, U.S, South Korea, Moscow, Washington, United States, Soviet, North, Soviet Union, Israel
Last year, it accounted for 98% of the global production of gallium and 68% of refined germanium production, according to the US Geological Survey (USGS). “Refining technologies and facilities for processing gallium and germanium cannot be built overnight, particularly considering the environmental implications of their extraction and mining,” she wrote in July. Analysts from the think tank said China’s leading position in the aluminum industry has allowed it to establish a dominant share of global gallium production. According to the USGS, Russia, Japan, and Korea produced a combined 1.8% of global gallium in 2022. Last year, the US Defense logistics Agency introduced a program to recycle optical-grade germanium used in weapon systems.
Persons: Hong Kong CNN —, , Xiaomeng Lu, Marina Zhang, Zhang, Ewa Manthey, haven’t, Chris Miller, Gregory Allen, Nyrstar, ” Lu, Manthey Organizations: Hong Kong CNN, geotechnology, Eurasia Group, China, Geological Survey, University of Technology, , ING Group, Center for Strategic, International Studies, Washington, Analysts, Corporation, CNN, Global, Wadhwani Center, AI, Technologies, CSIS, Rostec, Reuters, US Defense, Agency, Commerce Ministry Locations: China, Hong Kong, Beijing, United States, Europe, Japan, University of Technology Sydney, Kazakhstan, Hungary, Germany, Russia, Korea, Teck, American, Netherlands, Australia, ” Lu, Eurasia, Canada
A logo of Mitsubishi Electric Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsOct 10 (Reuters) - Coherent (COHR.N), a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso (6902.T) and Mitsubishi Electric (6503.T) will invest $1 billion in the company's silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit, as per the agreement. The investment would alleviate the financial burden for Coherent, which had explored strategic review of its silicon carbide business in May. Chips made with silicon carbide are used in applications that require massive quantity of power conversion such as inverters and drivetrains in electric vehicles.
Persons: Toru Hanai, Denso, Takemi, Priyamvada, Sherry Jacob, Phillips Organizations: Mitsubishi Electric Corp, Advanced Technologies, Makuhari, REUTERS, Mitsubishi Electric, Mitsubishi, Reuters, Hitachi Ltd, Sumitomo Electric Industries Inc, Thomson Locations: JAPAN, Chiba, Japan, U.S, Pittsburgh , Pennsylvania, Bengaluru
Prada and Axiom Space are collaborating to create NASA's new spacesuits for its 2025 lunar mission. Prada engineers will develop design features and adapt materials to the harsh climate around the moon. NASA revealed in 1974 that spacesuits are costly and that it spent $15 to $20 million on them at the time. AdvertisementAdvertisementItalian luxury fashion house Prada is collaborating with commercial space company Axiom Space to design NASA's new spacesuits for its Artemis III mission in 2025 so astronauts can fly in style, Prada and Axiom Space announced Wednesday. NASA hired Axiom Space in June 2022 to build its latest spacesuits after revealing it had spent $420 million since 2017 trying to develop its own suits.
Persons: Prada, , Artemis, Michael Suffredini Organizations: NASA, Service, Space, Extravehicular
SHANGHAI (AP) — A delegation of U.S. lawmakers led by Senate Majority Leader Chuck Schumer arrived in China on Saturday in the first congressional visit to the country since 2019. The Republicans were led by Idaho Sen. Mike Crapo, the senior member of his party on the Senate Finance Committee. A smooth visit could help pave the way for a Biden-Xi summit during the Asia-Pacific Economic Cooperation leaders meeting in San Francisco next month. A Chinese international relations expert said that Schumer's visit is a sign of improvement in China-U.S. relations. The senators will go to South Korea and Japan after their stop in China.
Persons: Chuck Schumer, Joe Biden, Xi Jinping, Idaho Sen, Mike Crapo, Schumer, Biden, Xi, , Wang Yiwei, Karine Jean, Pierre Organizations: SHANGHAI, , U.S, Senate, Republicans, Idaho, Senate Finance, New, New York Democrat, U.S . Congress, Biden, Economic Cooperation, Institute of International Affairs, Renmin University of China, White House Press Locations: China, Shanghai, New York, Beijing, U.S, Asia, San Francisco, South Korea, Japan
Senator Mike Crapo (R-ID) and other members of the delegation arrive at Shanghai Pudong International Airport in Shanghai, China, on Oct. 7, 2023. A delegation of U.S. lawmakers led by Senate Majority Leader Chuck Schumer arrived in China on Saturday in the first congressional visit to the country since 2019. Asked about his expectations for the visit, Schumer, a New York Democrat, said he hoped it would be productive. The U.S. Commerce Department added the Chinese companies and seven others to its entity list on Friday. A Chinese international relations expert said that Schumer's visit is a sign of improvement in China-U.S. relations.
Persons: Chuck Schumer, Mike Crapo, Joe Biden, Xi Jinping, Idaho Sen, Schumer, Biden, Xi, Wang Yiwei, Karine Jean, Pierre Organizations: International, U.S, Senate, Republicans, Idaho, Senate Finance, New, New York Democrat, U.S . Congress, U.S . Commerce Department, Ukraine, Biden, Economic Cooperation, Institute of International Affairs, Renmin University of China, White House Press Locations: U.S, Shanghai, China, New York, Beijing, Russia, Asia, San Francisco, South Korea, Japan
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