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☆ Huawei makes breakthroughs in design tools for 14nm chips -media
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

The announcement comes as Huawei and other Chinese technology companies rush to localise their supply chains in the face of mounting U.S. sanctions. According to a transcript of Xu's remarks published by Caijing, Huawei cooperated with domestic EDA companies to create the software, "basically realising the localisation of EDA tools above 14nm." Chip design companies use EDA software to produce the blueprints for chips before they are mass manufactured at fabs. China is home to a handful of domestic EDA software makers, but experts do not consider them globally competitive. All three overseas EDA companies fell subject to Washington's sanctions against Huawei in 2020.

☆ These eight charts show why climate change matters right now
▼ + stars: | 2023-03-23 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +11 min

Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment ReportGlobal warming is caused when greenhouse gases like carbon dioxide and methane trap heat in the atmosphere. Climate change is already having impacts on human life and well-beingZoom In Icon Arrows pointing outwards This chart shows the various impacts climate change has on water availability, food production, health and well-being, cities and infrastructure and biodiversity and ecosystems. Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment ReportMany of the worst impacts of climate change will come to pass in the lives of the youngest humans. Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment Report Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment ReportThe globe has warmed by 1.1 degrees Celsius above pre-industrial levels, the IPCC report says. Intergovernmental Panel on Climate Change (IPCC) Sixth Assessment ReportA slight change in the average change of the earth's temperature will impact different populations differently.

China has routinely denied hacking into businesses or governments in other countries. State-sponsored hackers from China have developed techniques that evade common cybersecurity tools and enable them to burrow into government and business networks and spy on victims for years without detection, researchers with Alphabet Inc.’s Google found. Over the past year, analysts at Google’s Mandiant division have discovered hacks of systems that aren’t typically the targets of cyber espionage. Instead of infiltrating systems behind the corporate firewall, they are compromising devices on the edge of the network—sometimes firewalls themselves—and targeting software built by companies such as VMware Inc. or Citrix Systems Inc. These products run on computers that don’t typically include antivirus or endpoint detection software.

☆ Australia's IPH detects breach in IT systems
▼ + stars: | 2023-03-15 | by ( ) www.reuters.com time to read: +1 min

March 16 (Reuters) - Australian intellectual property services provider IPH Ltd (IPH.AX) said on Thursday it had detected unauthorised access to a portion of its IT environment, mainly affecting document management systems of its head office and two of its member firms. The information in document management systems include administrative documents, and some client documents and correspondence in case of the two member firms, Spruson & Ferguson (Australia) and Griffith Hack, the company said. IPH said it was working with external cyber security advisers to conduct a forensic investigation, adding that it has notified the Australian Cyber Security Centre (ACSC) of the incident. Australia has seen a rise in cyber attacks since late last year, with breaches reported by at least eight companies, including health insurer Medibank Private Ltd (MPL.AX) and telco Optus. Reporting by Himanshi Akhand in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Apple, Google, Cisco, Intel Corp (INTC.O) and Edwards Lifesciences Corp (EW.N) sued the PTO in the California federal court in 2020 over the rule. They argued it undermined the role inter partes review plays in "protecting a strong patent system" and violated federal law. Companies including Tesla, Honda, Comcast and Dell filed briefs at the Federal Circuit in support of the plaintiffs. The California court dismissed the case in 2021, citing U.S. Supreme Court rulings that Patent Trial and Appeal Board decisions on whether to review inter partes review petitions cannot be appealed. The case is Apple Inc v. Vidal, U.S. Court of Appeals for the Federal Circuit, No.

Ukraine urged residents of Kherson to evacuate amid an uptick in Russian attacks in the southern city that was retaken by Kyiv’s troops last fall, while pressure grew on Ukraine to vacate the besieged eastern city of Bakhmut. Russia fired 360 missiles from weapons systems including mortars and multiple-launch rocket systems at the Kherson region on Monday, authorities there said. Paramedics and police officers can no longer help many victims of shelling because they are coming under fire themselves, the Kherson city council said.

☆ In the Whirl of ChatGPT, Startups See an Opening for Their AI Chips
▼ + stars: | 2023-02-27 | by ( Isabelle Bousquette | ) www.wsj.com time to read: +5 min

Generative AI and large language models like OpenAI’s ChatGPT require massive amounts of computing power to run, and typically rely on chips like Nvidia’s graphics-processing units, or GPUs, that are specialized for these types of calculations. Graphcore sells primarily to AI startups looking to build and train models at lower cost, he said, and the company is benefiting from the proliferation of those startups. Shane Rau, who leads International Data Corp.’s semiconductor research, said chip startups are increasingly pivoting to focus their products on supporting large language models. Still, he added, “you’re going to see a combination of real adaptation and marketing.”“There will be the pressure to say: ‘Hey, we’re already relevant, our AI chip technology’s already relevant to generative AI’,” said Mr. Rau. Some chip makers say they expect yet another surge in demand once businesses more widely adopt generative AI.

Feb 17 (Reuters) - Home security provider Vivint Smart Home Inc (VVNT.N) owes rival CPI Security Systems Inc $189.7 million for tricking its customers into moving to Vivint's service, a North Carolina jury decided Friday. The federal jury in Charlotte found Vivint sales representatives unlawfully deceived CPI customers into signing contracts with Vivint by falsely claiming that Vivint had bought the company. CPI said its customers would then unknowingly sign "high-priced, multi-year" contracts that Vivint made "impossible for customers to cancel." It told the court it competed fairly with CPI and that CPI customers had switched to Vivint for legitimate reasons. The case is CPI Security Systems Inc v. Vivint Smart Home Inc, U.S. District Court for the Western District of North Carolina, No.

☆ Wall St eyes lower open as producer prices rebound
▼ + stars: | 2023-02-16 | by ( Johann M Cherian | ) www.reuters.com time to read: +3 min

A Labor Department report showed producer prices climbed 0.7% in January after a 0.2% fall in the previous month. "You're also seeing the job market still very strong as well, with claims coming in less than expected," Zaccarelli added. ET, Dow e-minis were down 274 points, or 0.8%, S&P 500 e-minis were down 47.5 points, or 1.14%, and Nasdaq 100 e-minis were down 185.75 points, or 1.46%. Traders will also scrutinize remarks from other Fed officials, including St. Louis Fed President James Bullard, to assess the central bank's tone on monetary policy. Reporting by Johann M Cherian and Sruthi Shankar in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St slides as inflation, jobless claims data fuel rate-hike angst
▼ + stars: | 2023-02-16 | by ( Johann M Cherian | ) www.reuters.com time to read: +3 min

Another set showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience. "You're also seeing the job market still very strong as well, with claims coming in less than expected." The Fed is seen pushing the benchmark rate above the 5% mark by May and keeping it above those levels till the year-end. Traders will also scrutinize remarks from other Fed officials, including St. Louis Fed President James Bullard, to assess the central bank's tone on monetary policy. The S&P index recorded two new 52-week highs and one new lows, while the Nasdaq recorded 28 new highs and 22 new lows.

☆ Cisco Raises Outlook as Its Earnings Top Expectations
▼ + stars: | 2023-02-15 | by ( Denny Jacob | ) www.wsj.com time to read: 1 min

Cisco’s prediction for its current quarter came in above Wall Street estimates. Cisco Systems Inc. raised its outlook for the year after posting better-than-expected results, a bright spot among technology companies facing continuing challenges from inflation and other macroeconomic impacts. The results beat Cisco’s forecast for the quarter on both the top and bottom lines, and its outlook for the current quarter also came in ahead of Wall Street estimates, according to FactSet.

☆ Cisco forecast raise allays tech spending fears, lifts shares
▼ + stars: | 2023-02-15 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) on Wednesday raised its full-year earnings forecast and delivered strong second-quarter results, indicating that spending on network infrastructure was staying resilient in the face of an economic slowdown. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. Its second-quarter adjusted earnings of 88 cents per share and revenue of $13.59 billion were both higher than market estimates pooled by Refinitiv. "This is very strong growth and shows that the company may finally be exiting a difficult period related to supply-chain challenges," said Scott Raynovich, chief analyst at Futuriom.

☆ Cisco raises full-year forecast on strong demand, easing supply hurdles
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +1 min

Feb 15 (Reuters) - Cisco Systems Inc (CSCO.O) raised its forecast for full-year revenue growth and adjusted profit on Wednesday, banking on its ability to push backlog orders and rapid adoption of 5G technology to keep demand upbeat, sending the company's shares up 10%. For fiscal 2023, Cisco said it expects revenue growth of 9% to 10.5%, and adjusted per share earnings between $3.73 to $3.78. It had previously forecast revenue growth of 4.5% to 6.5% and earnings per share of $3.51 to $3.58. The raise in outlook comes on the back of growth in recurring revenue, improvement in supply chain and future estimated revenue, Chief Financial Officer Scott Herren said in a statement. Reporting by Yuvraj Malik in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ Wall St dips as Treasury yields rise after auction
▼ + stars: | 2023-02-10 | by ( Carolina Mandl | ) www.reuters.com time to read: +4 min

"With Treasury yields higher, it becomes a legitimate alternative to equities," said Michael Rosen, chief investment officer at Angeles Investments. Weighing on the S&P 500 (.SPX) and Nasdaq (.IXIC) indexes, Alphabet Inc (GOOGL.O) extended losses from the previous session to fall 4.7%. All 11 S&P 500 sectors posted losses. More than half of the S&P 500 companies have reported quarterly earnings so far, and 69% of them have beaten estimates, according to Refinitiv data. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 75 new highs and 57 new lows.

☆ Wall St dips as Treasury yields rise; Disney hits 5-month high
▼ + stars: | 2023-02-09 | by ( Carolina Mandl | ) www.reuters.com time to read: +4 min

The U.S. 30-year Treasury yield rose after an auction in the early afternoon, while the yield curve between two-year and 10-year notes widened earlier. Weighing on the S&P 500 (.SPX) and Nasdaq (.IXIC) indexes, Alphabet Inc (GOOGL.O) extended losses from the previous session to fall 5.2179%. The S&P 500 communication services sector (.SPLRCL) sank 2.86%. More than half of the S&P 500 companies have reported quarterly earnings so far, and 69% of them have beaten estimates, according to Refinitiv data. The S&P 500 posted 15 new 52-week highs and one new low; the Nasdaq Composite recorded 69 new highs and 41 new lows.

The data tentatively eased concerns about the Federal Reserve's rate-hike path after a strong January employment report rattled markets last week. Weighing on the S&P 500 (.SPX) and Nasdaq (.IXIC) indexes, Alphabet Inc (GOOGL.O) extended losses from the previous session to fall 5.6%. The S&P 500 communication services sector (.SPLRCL) sank 2.6%, while Alphabet shares eyed their worst weekly performance since November. Ralph Lauren Corp (RL.N) gained 1.2% after beating quarterly sales expectations, while peer Tapestry Inc (TPR.N) soared 5.4% on a strong annual profit forecast. More than half of the S&P 500 companies have reported quarterly earnings so far, and 69% of them have beaten estimates, according to Refinitiv data.

Futures got a lift after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb. 4. The data comes on the heels of a strong January employment report that rattled markets last week. "There are so many companies that are laying off people and that eventually is going to weaken the job market. ET, Dow e-minis were up 213 points, or 0.63%, S&P 500 e-minis were up 33 points, or 0.8%, and Nasdaq 100 e-minis were up 160.5 points, or 1.28%. Ralph Lauren Corp (RL.N) gained 2.4% after beating quarterly revenue expectations on resilient demand for its high-end clothing and accessories.

☆ Shopify Bulks Up Online Fulfillment Logistics Services
▼ + stars: | 2023-02-09 | by ( Liz Young | ) www.wsj.com time to read: +3 min

Shopify Inc. is stepping up its logistics and fulfillment services as it expands efforts to help merchants compete with Amazon.com Inc. The challenges for small retailers in competing for sales are “almost always logistics and fulfillment,” said Aaron Brown, chief executive of Shopify Logistics. Shopify faces challenges, he said, in pushing into logistics services. Other companies, including retailers, have been seeking to market logistics services to other retailers, echoing Amazon’s warehousing and delivery operations through its Fulfillment by Amazon division. Apparel retailers American Eagle Outfitters Inc. and Gap Inc. offer fulfillment services to other merchants through their networks while Target Corp. and Walmart Inc. allow businesses to use their local same-day delivery services.

Investor sentiment was further boosted after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 last week, above a forecast of 190,000 claims. The data comes on the heels of a strong January employment report that rattled markets last week. Of more than half of the S&P 500 companies that have reported fourth-quarter earnings so far, 69% have topped estimates, as per Refinitiv data. Advancing issues outnumbered decliners by a 3.03-to-1 ratio on the NYSE and by a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 14 new 52-week highs and one new low, while the Nasdaq recorded 49 new highs and 20 new lows.

☆ Factbox: Tech firms, Wall Street titans lead job cuts in corporate America
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +8 min

REUTERS/Lucy Nicholson/File PhotoFeb 8 (Reuters) - Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Here are some of the job cuts by major American companies announced in recent weeks. TECHNOLOGY, MEDIA AND TELECOM SECTORIBM Corp (IBM.N):The software and consulting firm said it will lay off 3,900 employees. read moreMicrosoft Corp (MSFT.O):The U.S. tech giant said it would cut 10,000 jobs by the end of the third quarter of fiscal 2023. MANUFACTURING SECTOR3M Co (MMM.N):The industrial conglomerate said it would cut 2,500 manufacturing jobs after reporting a lower profit.

☆ Explainer: What we know and don't know about the Chinese balloon
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +6 min

Here's what we know, and don't know, about the balloon that has triggered a dramatic diplomatic dispute between the two powers:HOW BIG IS IT? WAS IT A WEATHER BALLOON? Other companies that develop stratospheric balloon systems include U.S. space tourism firm World View and French firm CNIM Air Space. AIR is particularly keen on stratospheric balloon technology and has posted several articles on its WeChat account about Aerostar. read moreWhile analysts did not yet know the size of the Chinese balloon fleet, U.S. officials have spoken of dozens of missions since 2018 across five continents, with some targeting Japan, India, Vietnam, Taiwan and the Philippines.

☆ Carbon-Credit Raters Aim to Assess a Notoriously Opaque Market
▼ + stars: | 2023-02-07 | by ( Shane Shifflett | Dieter Holger | ) www.wsj.com time to read: +7 min

Carbon-credit-rating firms aim to give buyers confidence in assessing the unregulated market for carbon offsets, voluntary credits that can help companies fulfill their decarbonization promises. Traders, online marketplaces and corporate sustainability departments are typical customers for carbon-credit ratings, but companies increasingly encounter the scores through intermediaries selling the offsets. Sylvera Ltd., one of the carbon-credit raters, said that less than a third of projects aimed at preventing deforestation are high quality. The market for voluntary carbon credits topped $2 billion in 2022, according to publisher and researcher Ecosystem Marketplace. BeZero has fully rated around 280 projects, Calyx around 260, Sylvera around 115 and Renoster has fully reviewed nine.

☆ Military Chip Maker Mercury Systems Up For Sale
▼ + stars: | 2023-02-01 | by ( Doug Cameron | ) www.wsj.com time to read: 1 min

One of the Pentagon’s top manufacturers of microchips is up for sale, just as the defense industry faces a shortage of crucial semiconductors that executives said could stretch for another two years. Mercury Systems Inc. said its board has launched a strategic review, a move widely viewed by analysts as a precursor to a possible sale after activist investors pushed for change at the Andover, Mass.,-based company.

☆ The US's powerful Abrams tanks are heading to Ukraine, but generals disagree over how hard it'll be to use them on the battlefield
▼ + stars: | 2023-02-01 | by ( Sebastien Roblin | ) www.businessinsider.com time to read: +19 min

The US has pledged to send Abrams tanks to Ukraine, joining a bevy of Western-made tanks. Here comes the M1 Abrams for UkraineA M1A2 Abrams tank fires at a target during an exercise. The same day, word spread that US President Joe Biden would announce he was sending 31 M1 Abrams tanks to Ukraine. But Hertling disagreed that withholding the M1 Abrams was a "political decision" and didn't find the examples of non-US Abrams operators persuasive. M1 Abrams: training and sustainmentAn M1A2 Abrams drives into the woods during an exercise in Hohenfels, Germany.

☆ Defense tech firm Mercury Systems announces CFO exit, strategic review
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +1 min

Jan 31 (Reuters) - Mercury Systems Inc (MRCY.O) on Tuesday announced the exit of finance chief Michael Ruppert and said the defense technology firm had initiated a review of strategic alternatives. Separately, activist investor Jana Partners had said that it would push Mercury to consider options for its business, including a potential sale. "There can be no assurance that any transaction will be approved or consummated," Mercury Systems, which develops and manufactures computer hardware and software products for the aerospace and defense industry, said in a statement on Tuesday. Mercury Systems had a market capitalization of $2.84 billion as of Tuesday's close. The company also reported second-quarter revenue of $229.6 million, compared with $220.4 million a year ago.

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