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☆ U.S. Suppliers Halt Operations at Top Chinese Memory Chip Maker
▼ + stars: | 2022-10-12 | by ( Yoko Kubota | Raffaele Huang | ) www.wsj.com time to read: 1 min

BEIJING–U.S. chip equipment suppliers are pulling out staff based at China’s leading memory chip maker and pausing business activities there, according to people familiar with the matter, as they rush to assess the impact of Commerce Department semiconductor export restrictions. State-owned Yangtze Memory Technologies Co. is facing a freeze in support from key suppliers including KLA and Lam Research the people said. The suspensions follow last week’s sweeping curbs imposed by the U.S. on China’s chip sector, ostensibly to prevent American technology from advancing China’s military power, though the impact might reach further into the industry.

☆ Shanghai says water supplies 'normal' after shortage scare sparks hoarding
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Oct 12 (Reuters) - Authorities in the Chinese financial hub of Shanghai have told citizens that municipal water supplies remain "normal", dispelling rumours of shortages and quality issues that led to a wave of panic-buying throughout the city on Tuesday. The backflow of sea water into Shanghai's depleted reservoirs began in early September, and the city's water supply firms are closely monitoring the situation and "scientifically" making adjustments to water flows, the city government said on its official WeChat channel late on Tuesday. Register now for FREE unlimited access to Reuters.com Register"Tap water production and supply are normal, and water quality standards have been reached," it said. Shanghai experienced a wave of panic buying earlier this year amid fears of food and water shortages brought about by a city-wide COVID-19 lockdown that eventually lasted more than two months. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by David Stanway; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Exclusive: KLA to stop sales and service to China to comply with U.S. export curbs
▼ + stars: | 2022-10-11 | by ( Josh Horwitz | ) www.reuters.com time to read: +4 min

The move underscores huge business headwinds facing chipmakers and chip equipment makers around the world, as the Biden administration published a sweeping set of export controls on Friday aimed at slowing China's progress in advanced chip manufacturing. The source added that the company would also cease supplying China chip plants owned by Intel (INTC.O) and SK Hynix, the world's second-largest memory chipmaker. SK Hynix reiterated its stance that it would seek a license under new U.S. export control rules for equipment to keep operating its factories in China. Another source at an overseas chip equipment company told Reuters that all of the major suppliers to fabs were working round-the-clock to assess the long-term impact of the regulations. Shares in KLA tumbled nearly 5% on Monday, hit by the latest U.S. export control measures.

☆ China tech shares sink as U.S. export curbs raise chip sector hurdles
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

The most immediate impact is likely to be felt by Chinese chipmakers, they said. The new regulations will now pose major hurdles for the two Chinese memory chipmakers, analysts said. A steep decline in tech shares led China's market down on its first post-Golden Week holiday trading on Monday. An index measuring China's semiconductor firms (.CSIH30184) tumbled nearly 7%, and Shanghai's tech-focused board STAR Market (.STAR50) declined 4.5%. SMIC dropped 4%, chip equipment maker NAURA Technology Group Co (002371.SZ) sank 10% by the daily limit, and Hua Hong Semiconductor plunged 9.5%.

☆ China's biggest lake declares 'red alert' as long drought lingers
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +2 min

An aerial view shows a tributary stream running through the dried-up flats of Poyang Lake that stands at record-low water levels as the region experiences a drought, outside Nanchang, Jiangxi province, China, August 28, 2022. REUTERS/Thomas Peter/FilesSHANGHAI, Sept 23 (Reuters) - The central Chinese province of Jiangxi has declared a water supply "red alert" for the first time after the Poyang freshwater lake, the country's biggest, dwindled to a record low, the Jiangxi government said on Friday. The Poyang Lake, normally a vital flood outlet for the Yangtze, China's longest river, has been suffering from drought since June, with water levels at a key monitoring spot falling from 19.43 metres to 7.1 metres over the last three months. The Jiangxi Water Monitoring Centre said Poyang's water levels would fall even further in coming days, with rainfall still minimal. Register now for FREE unlimited access to Reuters.com RegisterReporting by David Stanway; Editing by Ana Nicolaci da CostaOur Standards: The Thomson Reuters Trust Principles.

☆ Mizuho downgrades Micron, says increasing competition and macro headwinds will pressure the stock
▼ + stars: | 2022-09-21 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

The coming months will be more challenging for the companies that make memory chips, Mizuho Securities said. Analyst Vijay Rakesh downgraded Micron Technology to neutral from buy under the expectation of slowing demand and increased competition. He also slashed his price target on the stock by 25% to $56 per share from $75 per share. Micron, in line with the industry, reported higher supply levels as demand for chips slides, Rakesh said. On top of that, the field of memory chip makers has become more crowded with the entrance of Yangtze Memory Technologies, which was founded in 2016.

Raising domestic coal output is consistent with Beijing's broader effort to indigenise supplies of critical energy sources, raw materials and technology. Production has been growing faster than coal-fired electricity generation as the government tries to increase fuel stocks and cut reliance on imports. Imports of coal and lignite have also fallen to 168 million tonnes in the first eight months of 2022, from 198 million tonnes in 2022 and 220 million tonnes in 2019. Coal imports include both high-grade coking coal for blast furnaces as well as lower-grade coal for use in power plants. Low levels of hydro generation forced China to rely more heavily on coal-fired units and draw more heavily on coal supplies since the start of July.

☆ China lost its Yangtze River dolphin. Climate change is coming for other species next
▼ + stars: | 2022-09-17 | by ( Heather Chen | ) edition.cnn.com time to read: +7 min

China has been grappling with its worst heat wave on record and the Yangtze, the third longest river in the world, is drying up. Parts of the Yangtze River have dried up from the extreme heat. Experts have also noticed a drastic decline of many native freshwater species of fish, like the now extinct Chinese paddlefish and sturgeon. “The Yangtze is the longest river in China and (all of) Asia and has long been a cradle of civilization. “If there’s anything we can learn from the death of the Yangtze River dolphin, it’s that extinction is forever and we can’t afford to take it lightly.”

☆ Numărul companiilor chineze listate în lume a crescut
▼ + stars: | 2020-07-07 | by ( On | In | ) omniapres.md time to read: +3 min

Sursa menţionează că pragul de clasare a societăţilor chineze printre primele 500 de companii listate din lume a fost de 31,2 miliarde de yuani (valoare de piaţă) în prima jumătate a acestui an, iar valoarea medie de piaţă din clasament, de 133,5 miliarde de yuani. Dintre cele 96 de companii listate la Beijing, 23 sunt companii de tehnologia informaţiei, inclusiv JD, Xiaomi, Baidu şi Meituan Dianping. La Guangdong şi Shanghai a fost menţinut un impuls de creştere în ceea ce priveşte numărul companiilor listate, conform declaraţiilor făcute de Liu Meilin, analist la 21st Century Economic Institute. Deşi numărul companiilor listate în Hangzhou a fost mai mic, aproape jumătate din cifra de la Shanghai, valoarea totală de piaţă a companiilor listate în Hangzhou a fost mai mare decât cea din Shanghai, atingând 6,79 trilioane de yuani. Regiunea Delta Râului Yangtze avea 131 de companii listate la 30 iunie, reprezentând 26% din primele 500 de companii amintite, faţă de 108 la sfârşitul anului 2018.

Persons: Beijingul, Liu Meilin Organizations: Wind, Manufacturing, yuani, Economic Institute Locations: China, Shanghai, Shenzhen, Hong Kong, New York, Taiwan, Guangdong, Beijing, Xiaomi, Hangzhou, Yangtze, Creşterea, Nanjing

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