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Danica Roem is now the first-ever transgender state senator in Virginia. AdvertisementAdvertisementRoem, 39, already had two comfortable reelection victories in her northern Virginia House of Delegates district. After coming into the election with a Democratic State Senate and a Republican House of Delegates, Virginia has a Democratic majority in both chambers. In her own election, Roem "faced an unprecedented deluge of anti-trans hate on the campaign trail, but she was not fazed nor distracted," Parker said. AdvertisementAdvertisementHer Inner MayorAs a trailblazer for trans politicians, Roem is celebrated in Democratic and cultural circles.
Persons: Danica Roem, Roem, , toting kabobs, Glenn Youngkin, Youngkin's, Youngkin, Annise Parker, Parker, Bob Marshall, Virginia's, she's, Marshall, Bill Woolf III, I'm, Prince William County Organizations: Republican, Service, Shadow, Democratic, Delegates, Republican Gov, Associated Press, ABC, Houston, Democratic State Senate, of, Ohio, Democrat, Capitol, Mayor, Dodge, Airport Locations: Virginia, state's, Arlington , Virginia, Pennsylvania, Delaware, Richmond, United States, Centreville, Manassas, Virginia's, Prince William
A few steps into his early-morning run, Purushottam Sahu struggled to breathe. Overhead, a thick brown-gray haze blanketed the sprawling forest park in New Delhi where he and other joggers, yoga enthusiasts and dog owners were keeping to their daily habits despite official warnings against exerting themselves in the toxic air. “We are all jogging faster toward death,” said Mr. Sahu, 46. “Because we have no other choice.”Every year in the late fall, as air pollution in the Indian capital climbs to noxious extremes, the government takes emergency measures like closing schools, restricting traffic and banning construction. But for the region’s 30 million inhabitants, life must go on, and for many in this urban expanse of lush parks and morning strolls, that means trying to remain active.
Persons: Purushottam Sahu, , Sahu Locations: New Delhi
Mendoza, a former fighter for the now-disbanded Revolutionary Armed Forces of Colombia (FARC) guerrillas, dragged her children back inside the house. In interviews with Reuters, those people recounted how the attacks left conservation projects adrift, with conservationists withdrawing from environmental protection works because of fear of more violence. Municipal data from local environmental authorities and the Colombian Institute of Meteorology (IDEAM) also showed that in the year after each killing, deforestation at a local level was worse than national trends. Santofimio's killing brought his hard-fought conservation project to a halt. In the tree nursery, which stopped work after Santofimio's killing, saplings bask in the dappled sunlight beneath protective nets.
Persons: Duberney Lopez, Jorge Santofimio, PUERTO, Leidy Mendoza, Mendoza, Jorge !, they'd, Susana Muhamad, Muhamad, Colombia's, , Armando Aroca, Santofimio, Lopez, Kevin Murakami, Comuccom, Aroca, Javier Franciso Parra, Francisco couldn't, Andres Felipe Garcia, Cormacarena, Parra, Garcia, Luisz Martinez, Martinez, La, KfW, Roberto Gomez, Gonzalo Cardona, Sara Ines Lara, Oliver Griffin, Julia Symmes Cobb, Katy Daigle, Claudia Parsons Organizations: Revolutionary Armed Forces, Colombian, Villagers, Reuters, Environment Ministry, Global, Colombian Institute of Meteorology, Comuccom, International Narcotics, Law, Affairs, U.S, National Liberation Army, UN, Programme, Meta, UNDP, Progress, World Wildlife Fund, Security, USAID, Thomson Locations: Colombia, PUERTO GUZMAN, Putumayo, Bogota, La, Meta, La Macarena, Amazonia, Puerto Guzman
The White House sought to pin blame for the outlook change, which cited the high deficit and rising interest rates, on Republicans. "Moody's decision to change the U.S. outlook is yet another consequence of congressional Republican extremism and dysfunction," White House spokesperson Karine Jean-Pierre said. House Republicans hope to vote on Tuesday on a stopgap measure, which could extend discretionary funding for federal agencies into mid-January. Representative Chip Roy, a prominent member of the hardline House Freedom Caucus, said he could accept a stopgap measure that also contains aid to Israel in its war with Hamas. McCarthy opted for the bipartisan route after hardliners blocked a Republican stopgap measure with features intended to appease the party's far right.
Persons: Mike Johnson, Sarah Silbiger, Moody's, Andy Harris, Karine Jean, Pierre, Joe Biden, Tom Cole, Cole, Johnson, Chip Roy, Roy, Biden, Johnson's, Kevin McCarthy, McCarthy, David Morgan, Scott Malone, Daniel Wallis Organizations: U.S, Capitol, REUTERS, Rights, . House, Republicans, AAA, Republican, White, Democratic, Caucus, Texas Republican, Social Security, Thomson Locations: Washington , U.S, U.S, Mexico, Washington, Israel, Ukraine
"This two-step continuing resolution is a necessary bill to place House Republicans in the best position to fight for conservative victories," Johnson said in a statement after announcing the plan to House Republicans in a conference call. The House Republican stopgap contained no supplemental funding such as aid for Israel or Ukraine. She said "House Republicans are wasting precious time with an unserious proposal that has been panned by members of both parties." A stopgap measure would give lawmakers more time to implement full-scale appropriations bills to fund the government through Sept. 30. McCarthy opted for the bipartisan route after hardliners blocked a Republican stopgap measure with features intended to appease them.
Persons: David Morgan WASHINGTON, Mike Johnson, Johnson, Republican stopgap, Joe Biden, Karine Jean, Pierre, centrists, Chip Roy, Roy, Brian Schatz, Schatz, Biden, Johnson's, Kevin McCarthy, McCarthy, David Morgan, Timothy Gardner, Scott Malone, Daniel Wallis, David Gregorio Organizations: . House, Republican, Republicans, Democratic, White, AAA, ., Louisiana Republican, Food and Drug Administration, Caucus, Social Security Locations: Israel, Ukraine, Louisiana
Roem, 39, already had two comfortable reelection victories in her northern Virginia House of Delegates district. Only two folks who saw the mailers phoned her and she’s having lunch with one of them to talk things through. ___HER INNER MAYORAs a trailblazer for trans politicians, Roem is celebrated in Democratic and cultural circles. Her slogan for the 2023 campaign was “Fixing roads, feeding kids.” Much of Roem’s social media feed reads like a transportation diary — or the work of a mayor. In her first two campaigns, Roem had her own past investigated, to avoid being blindsided.
Persons: Danica Roem, toting kabobs, Roem, Glenn Youngkin, ” Roem, , , Annise Parker, , Roem “, Parker, ‘ electable, Bob Marshall, Virginia’s, she's, ” Marshall, Marshall, Bill Woolf III, — “ Organizations: WASHINGTON, Dodge Shadow, Democratic, Delegates, Republican Gov, Associated Press, Houston, , Capitol, Dodge, Airport, + + Locations: Arlington , Virginia, Virginia, Delaware, Richmond, United States, Centreville, Manassas
CNN —Lahore has become the latest megacity to shut down as pollution chokes swathes of South Asia, where nearly 50 million people have been breathing toxic air for nearly a week. Commuters make their way through a busy street amid smoggy conditions in Lahore on November 7, 2023. The PM2.5 levels in all these cities far exceed the World Health Organization’s limit and illustrate a growing concern for South Asian countries as they experience rapid industrializations and population booms that are fueling pollution levels. Commuters make their way along the Signature Bridge amid heavy smog conditions in New Delhi on November 9, 2023. The study also found that every single one of India’s 1.4 billion residents endures annual average pollution levels that exceed guidelines set by the World Health Organization.
Persons: Mohsin Naqvi, Arif Ali, Arun Sankar Organizations: CNN, Authorities, Lahore –, Getty, Getty Images Dhaka, Energy, Institute, University of Chicago, World Health Organization, Doctors Locations: Lahore, South Asia, Swiss, Pakistan’s Punjab, Gujranwala, Hafizabad, AFP, Pakistan, India, New Delhi, Haryana, Punjab, Uttar Pradesh, India’s, Kolkata, Mumbai, Bangladesh, Delhi
However, the rally has run out of steam as several Fed policymakers this week pushed back against market expectations that the central bank will begin cutting interest rates soon. "The market got carried away regarding how soon it thought we would be seeing interest rate cuts being delivered. "But that was never the case and comments from various CB (central bank) officials this week have very much opened eyes to this." On the earnings front, shares of Walt Disney (DIS.N) rose 4.1% in premarket trade after the entertainment company exceeded Wall Street estimates for quarterly profit on higher attendance at its Shanghai and Hong Kong theme parks. MGM Resorts International(MGM.N) added 3.5% on beating third-quarter estimates for profit and revenue as the casino operator benefited from easing pandemic restrictions.
Persons: Brendan McDermid, Stuart Cole, Austan Goolsbee, Jerome Powell, Thomas Barkin, Walt Disney, Amruta Khandekar, Maju Samuel Organizations: Intercontinental Exchange Inc, New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Treasury, Equiti, CB, Chicago Fed, Wall, International Monetary Fund, Richmond Fed, Labor Department, Dow e, Walt, Arm Holdings, Theatre, AMC Entertainment, MGM Resorts International, Thomson Locations: U.S, Shanghai, Hong Kong
Morning Bid: Oil and bond yields try to find toehold
  + stars: | 2023-11-09 | by ( ) www.reuters.com   time to read: +4 min
The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. The supply picture for U.S. crude, which is now down more than 20% from late September's peaks, has also weighed on energy prices. Crude inventories increased by 11.9 million barrels over the week to Nov. 3, sources said, citing American Petroleum Institute figures. With senior Fed officials on Wednesday side-stepping guidance on the central bank's next policy steps, attention focuses squarely on Powell's latest speech. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Carlo Allegri, Mike Dolan, Jerome Powell's, Powell, Jerome Powell, Thomas Barkin, Raphael Bostic, Kathleen O'Neill Paese, Christine Lagarde, Janet Yellen, Becton Dickinson, Emelia Sithole Organizations: New York Stock, REUTERS, Federal, American Petroleum Institute, Walt Disney, ABC, Warner Bros Discovery, Richmond Fed, Atlanta Fed, Louis Interim, European Central Bank, . Treasury, News Corp, Wynn Resorts, U.S, Treasury, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, Europe, Shanghai, Hong Kong, Washington, St, Brussels, Mettler, Toledo, TransDigm
For the first time since 2020, Disney is planning to resume paying a dividend to shareholders as the media giant continues its turnaround amid historic industry shifts . "To that end, we will be recommending to the board that they declare a dividend by the end of this calendar year." Activist investor Nelson Peltz's Trian Fund Management, with $2.5 billion of Disney shares , has voiced his concerns about the elimination of dividends. Trian hasn't made a public statement since it ended its last activist campaign against Disney in January. Morgan Stanley said it looks forward to such a move, noting that Disney also suggested a return to share repurchases.
Persons: Kevin Lansberry, Nelson Peltz's, Trian hasn't, Lansberry, Bernstein, Morgan Stanley, Disney, Philip Cusick, — CNBC's Michael Bloom Organizations: Disney, Fund Management, Wall Street, ESPN
Virgin Galactic posted a loss of 28 cents per share, versus the 43 cents per share loss expected by analysts polled by LSEG. Krispy Kreme — Shares of the donut maker dropped 4.8% after the company fell short of expectations on earnings and revenue. Krispy Kreme reported earnings of 3 cents per share on revenue of $407 million, while analysts polled by LSEG expected earnings of 6 cents per share on $414 million in revenue. The ridesharing company reported third-quarter bookings of $3.55 billion, lower than the $3.90 billion anticipated by analysts polled by FactSet. Earnings came out at $3.42 per share, while analysts polled by LSEG had called for $3.43 per share in earnings.
Persons: Virgin Galactic, Krispy Kreme, LSEG, Goldman Sachs, FactSet ., , Bud, Dickinson, Wall, FactSet, CNBC's Hakyung Kim, Jesse Pound, Sarah Min, Lisa Kailai Han Organizations: Galactic, Virgin Galactic, LSEG . Revenue, Virgin, Disney —, Disney, ESPN, , ISI, Barclays, Apellis Pharmaceuticals, FactSet, Arm, Anheuser, Busch InBev —, HSBC, Busch, Company Locations: U.S
At the 12th annual Exposure Skate competition this month in the California beach town of Encinitas, girls under 10 and in their teens were shredding. "I hope girls' skateboarding improves even more and we can push each other and beat the boys," Suganami added with a laugh. Parents of the skateboarding girls are equally stoked by the expertise and the attention. "They are missing that girls are the future of skateboarding and girls can be good at skateboarding too," said Lulu Johnson. "So what you will see if you go to a skate park or skateboarding contest, is the competitors are cheering each other, supporting each other.
Persons: Jordyn Barratt, Mike Blake, Cona Suganami, Suganami, Amelia Brodka, Brodka, Tony Hawk, Hawk, Lauren Wigo, Marisol Concha, Lisa Lilley, Ruby, Lilley, Mindy Johnson, Lulu, Lulu Johnson, extol, Mary Milliken, Lincoln Organizations: REUTERS, Reuters, Thomson Locations: Hawaii, Encinitas , California, U.S, , California, California, Encinitas, Tokyo, Poland, Park, New York City, Oceanside , California, Minnesota
New York City's new rat-killing method has wiped out rats on a strip in the Upper East Side. The method involves pumping carbon monoxide into rat burrows, ultimately suffocating the rodents inside. Still, it will likely take a lot more than that to take out New York City's rats for good. Munshi-South said similar methods have been used in the past, including with dry ice in parks in lower Manhattan that had hundreds of rat burrows. The carbon monoxide method can also only be used in a well-ventilated, outdoor area to avoid poisoning the person applying it or other people, Munshi-South said.
Persons: , Matt Deodato, Jason Munshi, Deodato, Munshi, they're Organizations: Service, Urban Pest Management, Fordham University Locations: York, York City, New York, Manhattan, New York City
At the 12th annual Exposure Skate competition this month in the California beach town of Encinitas, girls under 10 and in their teens were shredding. "I hope girls' skateboarding improves even more and we can push each other and beat the boys," Suganami added with a laugh. Parents of the skateboarding girls are equally stoked by the expertise and the attention. "They are missing that girls are the future of skateboarding and girls can be good at skateboarding too," said Lulu Johnson. "So what you will see if you go to a skate park or skateboarding contest, is the competitors are cheering each other, supporting each other.
Persons: Mike Blake ENCINITAS, Cona Suganami, Suganami, Amelia Brodka, Brodka, Tony Hawk, Hawk, Lauren Wigo, Marisol Concha, Lisa Lilley, Ruby, Lilley, Mindy Johnson, Lulu, Lulu Johnson, extol, Mike Blake, Mary Milliken, Lincoln Organizations: Reuters Locations: Mike Blake ENCINITAS , California, California, Encinitas, Tokyo, Poland, Park, New York City, Oceanside , California, Minnesota
The end of the Hollywood actors' strike takes a risk off the table for Disney (DIS) — just as CEO Bob Iger's turnaround plan for the entertainment giant is starting to show real progress. Prior to the announcement, Disney CEO Bob Iger told CNBC that the strike's impact on the business had so far been "negligible." DIS YTD mountain DIS stock performance year-to-date. With Disney's strong quarterly cash flow and healthy balance sheet, Jim said he expects a stock buyback as soon as next year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
Persons: Bob Iger's, Bob Iger, Jim Cramer, Jim, Cramer, Disney, Morgan Stanley, Jim said, Jim Cramer's, Mickey, Minnie, Ian Langsdon Organizations: Hollywood, Disney, SAG, CNBC, Investors, Iger, Management, ESPN, Paris, Afp, Getty Locations: Marne, Paris
Toy figures of people are seen in front of the displayed Disney + logo, in this illustration taken January 20, 2022. For the fiscal fourth quarter ended Sept. 30, Disney reported adjusted per-share earnings of 82 cents, topping an average forecast of 70 cents, according to LSEG data. The company said it added nearly 7 million Disney+ streaming subscribers in the quarter, with the inclusion of "Guardians of the Galaxy Vol. Disney+ and Disney+ Hotstar together boast 150.2 million subscribers, ahead of Visible Alpha's estimate of 147.4 million. "Our results this quarter reflect the significant progress we've made over the past year," Iger said in a statement.
Persons: Dado Ruvic, Walt Disney, Bob, Kevin Lansberry, Iger, Disney, Nelson Peltz, Trian, Paolo Pescatore, Paul Verna, Verna, We've, Dawn Chmielewski, Lisa Richwine, Chavi Mehta, Peter Henderson, Sayantani Ghosh, Matthew Lewis Organizations: REUTERS, ABC, Disney, Guardians, Trian, Management, Warner Bros Discovery, SAG, Insider Intelligence, Hulu, ESPN, Shanghai Disney, Walt Disney, Disney's Entertainment, Star, Big Ten, Thomson Locations: Shanghai, Hong Kong, Florida, India, Los Angeles, Bengaluru
Iger Lays Out Vision for Disney’s Future
  + stars: | 2023-11-08 | by ( Robbie Whelan | ) www.wsj.com   time to read: 1 min
Movies such as Pixar’s ‘Elemental’ were popular on the Disney+ streaming service. Photo: Walt Disney/Everett CollectionNearly a year after returning to Disney as chief executive, Bob Iger laid out his vision of the company’s future, putting streaming and live entertainment at the center, fed by a studio business that he plans to personally help reinvent. Iger told investors in a fourth-quarter earnings call that Disney will focus on four “building blocks” that provide the foundation for future growth: streaming, theme parks and cruises, studios and the ESPN sports network.
Persons: Walt Disney, Bob Iger, Iger Organizations: Disney, Everett, ESPN
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDisney's parks business is their most profitable asset, despite streaming focus, says Peter BoockvarPeter Boockvar, Bleakley Financial Group CIO, discusses his expectations for Disney's earnings report.
Persons: Peter Boockvar Peter Boockvar Organizations: Bleakley Financial
The "Partners" statue of Walt Disney and Mickey Mouse, at Cinderella Castle at the Magic Kingdom, at Walt Disney World, in Lake Buena Vista, Florida, photographed Saturday, June 3, 2023. In its previous quarter, Disney recorded $2.65 billion in one-time charges and impairments, dragging the company to a rare quarterly net loss. Disney is also feeling pressure from activist investor Nelson Peltz, who is seeking to gain more control of the company's board. Perlmutter is one of the largest single shareholders in the company and has entrusted his stake in Disney to Peltz's Trian Fund Management. Tune in: CNBC's Julia Boorstin is set to interview Disney CEO Bob Iger at 4:05 p.m.
Persons: Walt Disney, Mickey Mouse, Bob Iger's, Nelson Peltz, There's, Ike Perlmutter, Perlmutter, Julia Boorstin, Bob Iger Organizations: Magic, Walt Disney World, , Netflix, Disney, Marvel Entertainment, Trian Fund Management, Comcast, CNBC Locations: Lake Buena Vista , Florida, Hulu, Disney, NBCUniversal
The company announced it would slash expenses by another $2 billion, adding to the $5.5 billion reduction it had previously announced, which included thousands of job cuts. Meanwhile, the company continues to lose money in its Disney+ streaming business, but it managed to significantly reduce its losses in that division. The company reported revenue of $21.2 billion, coming in slightly below expectations of $21.3 billion, according to estimates from analysts surveyed by Refinitiv. The company said it was “aggressively managing its cost base,” planning to slash $2 billion more in costs than previously reported. “We are bullish about the future of our streaming business,” Iger said.
Persons: Los Angeles CNN — Disney, Bob Iger, Angus Mordant, Ron DeSantis, , , Kevin Lansberry, Lansberry, , “ We’re, Iger, ” Iger Organizations: Los Angeles CNN, Disney, Times, Bloomberg, Getty, Republican, Gov, Walt Disney World, ESPN, ABC, Disney Channel, Geographic, , ABC Network, CNBC Locations: New York, Central Florida, Disney’s, Canada, Hulu
Last quarter, Disney’s linear television revenue continued to slip, declining 7% compared to the same quarter last year. Disney World angstIt may not be all bad news for Disney, though. However, Disney World Resort in Florida has struggled with declining attendance in recent months. Over the summer, Disney World parkgoers experienced shorter-than-expected ride wait times and fewer crowds. Nearly one year ago, Iger unexpectedly came out of retirement to take over the role of Disney CEO once again after the board unexpectedly fired his successor, Bob Chapek.
Persons: Ron DeSantis, Bob Iger, Hugh Johnston, Christine McCarthy, Iger, ” Iger, I’ve, expansively, Indiana Jones, Reynaud Julien, Bank of America’s Jessica Reif Ehrlich, Ehrlich, Jason Bazinet, Disney, Disney isn’t, , Vijay Jayant, underperformance, Bob Chapek, Johnston Organizations: Los Angeles CNN, Disney, Republican, Gov, Warner Bros, CNN, Media, YouTube, ESPN, Wall Street, PepsiCo, ABC, Disney Channel, Geographic, , Destiny, Cannes Film, APS, Bank of America’s, Citigroup, Shanghai Disney Resort, Hong Kong Disneyland Locations: Florida, Refinitiv, Cannes, France, Canada, Hulu, Shanghai, Hong, Central Florida
COLOMBO, Sri Lanka (AP) — The U.S. announced a $553- million project Wednesday to build a new, deep-water shipping container terminal in the Port of Colombo as it competes with China in international development financing. The U.S.-backed financing comes at a time when Sri Lanka is struggling to recover from a dire financial and economic crisis. Sri Lanka borrowed heavily from China to build the port and other infrastructure including an airport and a city being built on reclaimed land. Both neighboring India and China are jostling for influence in Sri Lanka and both have already invested in expanding facilities at the Colombo port. Colombo port also has a terminal run by China Merchants Port Holdings.
Persons: , Scott Nathan, Sri Lanka’s John Keells, Lanka’s, Wang Wenbin, William & Mary, AidData, China's, saysChina, Bradley Parks, , ” ___ Didi Tang Organizations: South, U.S . International Development Finance Corp, West, Local, Sri, Sri Lanka’s John Keells Holdings, Initiative, Foreign Ministry, China Merchants Port Holdings, CHEC Port City Colombo Co, China Communications Construction Company, William & Locations: COLOMBO, Sri Lanka, U.S, Port, Colombo, China, Bay, Bengal, Beijing, Hambantota Port, Hambantota, India, oceanside, Port City, Virginia, “ Beijing, Washington
SAN FRANCISCO (AP) — Walt Disney Co. on Wednesday reported sharp profit growth for its fiscal fourth quarter while announcing an expansion of its cost-cutting drive under returning CEO Bob Iger. Disney said its net income jumped 63% to $264 million in the quarter that ended Sept. 30, up from $162 million a year earlier. The company credited cost-cutting and other efficiencies from restructuring as well as continued subscription growth in its streaming business. On the streaming front, Iger said the company added nearly 7 million core Disney+ subscribers in the quarter. But he noted that Disney is also looking for ways to begin delivering more sports events via ESPN's streaming platform.
Persons: Bob Iger, Iger, Bob Chapek, , Organizations: FRANCISCO, Walt Disney Co, Disney, Hulu, Industry, Revenue, ESPN Locations: FactSet, Burbank , California
And for that, Suzette Baker was fired as a library director in a rural county in central Texas. She and two other librarians who were similarly fired have filed workplace discrimination claims with the U.S. Reached through the Colorado Civil Rights Division, the settlement requires her former employer to give librarians more say in decisions involving library programs. After her firing in 2022, Baker filed an EEOC claim against her employer, the Llano County Library System in Kingsland, Texas. Like Baker, Lesley had trouble finding work after being fired from the library system she directed in Gillette, Wyoming.
Persons: , Suzette Baker, , Baker, Brooky Parks, Iris Halper, , Terri Lesley, Halpern, Rathod Mohamedbhai, David Lopez, ” Baker, ” EEOC, Victor Chen, Lesley, Susan Campbell Bartoletti, Robie Harris, Robert Pitman, Lesley's, ” Lesley Organizations: U.S, Commission, American Library Association, Erie Community Library, Colorado Civil Rights Division, High Plains Library District, University of Denver, Public, System, Rutgers University, , American Terrorist, Sexual, , ” Texas U.S, District, Supreme Locations: Texas, Kingsland , Texas, Erie, Denver, Llano County, Campbell, Gillette , Wyoming, Tennessee, Kingsland, ” Texas, U.S, Llano
Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.
Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung
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