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☆ 'The Wild Robot' director reveals he had 2 different endings for the movie
▼ + stars: | 2024-09-29 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

"I didn't want to finish the story with a presumption that we would make more 'The Wild Robot' movies. Warning: Spoilers ahead for "The Wild Robot" book and movie. 'The Wild Robot' movie's ending is more cinematic than the book's"The Wild Robot." DreamWorks AnimationBrown has written two other books in the series, "The Wild Robot Escapes" and "The Wild Robot Protects." When asked if he'd begun work on a sequel to "The Wild Robot," Sanders answered slyly, "Maybe we are."

Persons: Chris Sanders, Peter Brown's, Sanders, —, Peter Brown, Roz, Lupita Nyong'o, gosling, Stephanie Hsu, Kit Connor, Brightbill, she's, Brown, he'd, slyly, She's Organizations: DreamWorks, Service, DreamWorks Animation Locations: Brightbill

☆ The latest animated tearjerker has a scene inspired by Mufasa's death in 'The Lion King,' so get your tissues ready
▼ + stars: | 2024-09-28 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +4 min

Sanders says working on "The Lion King" helped him pull off a shocking moment in "The Wild Robot." So when it came to crafting another heartwarming yet tear-jerking animated classic, he took cues from his work on "The Lion King" and the film's most devastating moment. But with the mother goose's death, Sanders knew he would have to play it straight. So he used the death of Mufasa in "The Lion King" as a guide. AdvertisementMufasa's death scene in "The Lion King."

Persons: Chris Sanders, Sanders, King, —, Peter Brown, Roz, gosling, Bambi's, Catherine O'Hara Organizations: Service, Disney Animation, Walt Disney Studios, Disney

☆ Lupita Nyong'o damaged her vocal cords so badly doing a happy robot voice on 'The Wild Robot' that she almost needed surgery
▼ + stars: | 2024-09-26 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +3 min

Lupita Nyong'o voices the main character Roz in "The Wild Robot," in theaters Friday. Lupita Nyong'o voices Roz in "The Wild Robot." She'd strained her vocal cords so much doing Roz's voice that they formed a polyp, a growth on the vocal cords that forms due to overuse or misuse. Related stories"I wasn't even aware, honestly, of the stress she was putting on her own voice," Sanders said. "The Wild Robot" director Chris Sanders and Lupita Nyong'o.

Persons: Roz, Nyong'o, —, Lupita Nyong'o, Chris Sanders, Sanders, She'd, Lupita, Craig Barritt, Getty Nyong'o, Seth Meyers, Taylor, who's Organizations: Service, DreamWorks

☆ US compels Saudi fund to exit Altman-backed AI chip startup - Bloomberg News
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - The Biden administration has forced a Saudi Aramco venture capital firm to sell its shares in a Silicon Valley AI chip startup backed by OpenAI co-founder Sam Altman, Bloomberg News reported on Thursday. Altman-backed Rain Neuromorphics, a startup designing chips that mimic the way the brain works and aims to serve companies using artificial intelligence (AI) algorithms, raised $25 million in 2022. The agency, the primary U.S. watchdog for deals with national security implications, instructed the Saudi fund to unwind that deal sometime over the past year, the report said. Altman and the U.S. Treasury, which oversees the Committee on Foreign Investment in the United States (CFIUS) process, did not immediately respond to a Reuters request for comment. The US has taken action that could block AI development in the Middle East.

Persons: Biden, OpenAI, Sam Altman, Altman, Aramco's, Harshita Mary Varghese, Chris Sanders, Arun Koyyur, Sherry Jacob, Phillips, Deepa Babington Organizations: Bloomberg, Foreign Investment, Saudi, U.S . Treasury, Department of Treasury, US, Nvidia, Devices, Thomson Locations: Saudi Aramco, United States, U.S

☆ US funding for Ukraine arms has poured into Pennsylvania, Arizona and Texas
▼ + stars: | 2023-11-28 | by ( Mike Stone | ) www.reuters.com time to read: +4 min

In Texas, 18 of the 25 Republican U.S. representatives have voted against Ukraine aid. In Arizona, three of six Republican representatives voted against aid while $2.196 billion poured into the state. The conservative Defending Democracy Together group's "Republicans for Ukraine" campaign has been tracking Republican rhetoric and voting patterns on Ukraine aid legislation. It gave "poor" or "very poor" grades to two of Wisconsin's six Republican representatives, to one of Arkansas' four Republican representatives and to three of Pennsylvania's eight Republican representatives. Yet Johnson voted against Ukraine aid repeatedly before he became speaker last month.

Persons: Joe Biden, Evelyn Hockstein, Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: White, REUTERS, Rights, Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's, Thomson Locations: Ukraine, Washington , U.S, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington

☆ US Funding for Ukraine Arms Has Poured Into Pennsylvania, Arizona and Texas
▼ + stars: | 2023-11-28 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +3 min

Persons: Mike Stone WASHINGTON, Biden, Joe Biden, Volodymyr Zelenskiy's, Mike Johnson, Johnson, Mike Stone, Chris Sanders, Matthew Lewis Organizations: Capitol Hill, Kyiv, Keystone State, Reuters, Republican U.S, Patriot, Raytheon, Texas ., Capitol, Republicans, Democrats, Ukraine, Companies, Biden, group's Locations: Ukraine, Pennsylvania, In Texas, Texas, Arizona, Israel, U.S, Ohio, Texas . Pennsylvania, Congress, Arizona , Pennsylvania, Arkansas, Wisconsin, Washington

[1/3] A redacted online resume of a North Korean IT worker is shown in this screenshot of a report obtained by Reuters on November 20, 2023. The documents contain dozens of fraudulent resumes, online profiles, interview notes, and forged identities that North Korean workers used to apply for jobs in software development. Some of the scripts, designed to prepare the workers for interview questions, contain excuses for the need to work remotely. North Korean developers working at U.S. companies had hidden behind pseudonymous email and social media accounts and generated millions of dollars a year on behalf of sanctioned North Korean entities through the scheme, the DOJ said. The researchers, part of Palo Alto's Unit 42 cyber research division, made the discovery when examining a campaign by North Korean hackers that targeted software developers.

Persons: Richard, Covid, Richard Lee, “, James Pearson, Ted Hesson, Daphne Psaledakis, Chris Sanders, Anna Driver Organizations: North, Reuters, Palo Alto Networks, REUTERS Acquire, Palo Alto, United Nations, United, United Arab Emirates, U.S . Justice Department, DOJ, Federal Bureau of Investigation, FBI, North Korean, U.S, of Liberty, Palo Alto's, Constella Intelligence, U.S . Department of Homeland Security, Thomson Locations: North Korean, Korean, North Korea, United States, South Korea, U.S, Chile, New Zealand, Uzbekistan, United Arab, Singapore, Los Angeles, LA, China, Russia, Africa, Southeast Asia, Pyongyang, Palo, Britain, Japan, Spain, Australia, Washington

☆ US Senator challenges Teamsters president to fight during hearing
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Elizabeth Frantz Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - An Oklahoma senator challenged Teamsters President Sean O'Brien to a fight during a Senate hearing on Tuesday rising from his seat, before the committee chair stepped in defuse the confrontation. The verbal sparring began after Republican Senator Markwayne Mullin paraphrased from a June tweet posted by O'Brien about the Senator: "...What a clown, a fraud. Mullin then rose for his seat after O'Brien said "You stand your butt up, big guy" as the two traded further barbs. At that point Sanders, who was chairing the hearing with union presidents, said to Mullin: "You're a United States senator, sit down." Mullin again later in the hearing challenged O'Brien to fight for charity in April.

Persons: Sean M, Elizabeth Frantz, Sean O'Brien, Markwayne Mullin, O'Brien, Mullin, Sanders, Chris Sanders, Nick Zieminski Organizations: Brotherhood of Teamsters, Health, Education, Labor, REUTERS, Rights, United, Thomson Locations: Washington , U.S, An Oklahoma, United States

Caesars paid around $15 million in ransom to regain access to its systems from the hackers, according to reporting by the Wall Street Journal. Some have been collecting evidence leading to the hackers' identities and are assisting law enforcement, according to the five insiders. The sources say that, following the September casino hacks, the FBI's investigation took on new urgency. Mandia didn't respond directly when asked whether Scattered Spider's identities were known to law enforcement. But he did say that there was no excuse for not arresting hackers who operated from the West.

Persons: Bridget Bennett, Michael Sentonas, Sentonas, Alphabet's, James Foster, Foster, cybercriminals, gona, Kevin Mandia, Mandiant, you've, Zeba Siddiqui, Raphael Satter, Christopher Bing, Chris Sanders, Claudia Parsons Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, U.S . Federal Bureau of Investigation, FBI, MGM Resorts International, Caesars Entertainment, Industry, Reuters, Department of Justice, Caesars, Wall Street, Palo Alto Networks, Microsoft, ex, Telegram, Thomson Locations: Las Vegas , Nevada, U.S, WASHINGTON, America, Palo, American, Baltimore , Maryland, United States, Newark , New Jersey, sextortion, San Francisco, Washington

☆ Israel-Hamas war: What are the US MQ-9 Reaper drones that have been flying over Gaza?
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

A U.S. Air Force MQ-9 Reaper drone sits in a hanger at Amari Air Base, Estonia, July 1, 2020. Below is a description of the MQ-9 drone based on information from the Air Force and its maker, General Atomics. The Reaper, which entered service with the U.S. Air Force 16 years ago, can be equipped with weapons such as air-to-ground missiles. MQ-9s have also been bought by the U.S. Department of Homeland Security, NASA, the UK Royal Air Force, the Italian Air Force, the French Air Force and the Spanish Air Force. According the U.S. Air Force, four MQ-9 aircraft with sensors, a ground control station and a satellite link cost about $56.5 million.

Persons: Janis Laizans, Atomics, Amelia Smith, Chris Sanders, Mike Stone, Gerry Doyle, Nick Macfie Organizations: U.S . Air Force, Base, U.S, REUTERS, Reuters, Air Force, WHO, Honeywell, U.S . Department of Homeland Security, NASA, Royal Air Force, Italian Air Force, French Air Force, Spanish Air Force, New York Times, Thomson Locations: Estonia, Baltics, Gaza, United States, GAZA, U.S

Sundar Pichai, CEO of Google, reacts during a meeting with U.S. President Joe Biden, India's Prime Minister Narendra Modi and senior officials and CEOs of American and Indian companies in the East Room of the White House in Washington, U.S., June 23, 2023. REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Oct 30 (Reuters) - Sundar Pichai, CEO of Alphabet Inc (GOOGL.O) and its subsidiary Google, will testify on Monday in the once-in-a generation antitrust fight with the U.S. government over Google's dominance of search and some parts of search advertising. The government, in cross examination, will likely also ask why the company pays billions of dollars annually to ensure that Google search is the default in smartphones. The clout in search makes Google a heavy hitter in the lucrative advertising market, its biggest revenue source. It has also argued that if people are dissatisfied with default search engines that they can, and do, switch to another search provider.

Persons: Sundar Pichai, Joe Biden, Narendra Modi, Evelyn Hockstein, Diane Bartz, Chris Sanders, Marguerita Choy Organizations: Google, U.S, India's, White, REUTERS, Rights, Alphabet Inc, Apple, Thomson Locations: Washington , U.S

☆ Ukraine, Israel funding request should be split: House speaker
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

He met Biden on Thursday and said he told White House staff "our consensus among House Republicans is we need to bifurcate those issues." Johnson said of Ukraine funding: "We want to know what the object is there, what is the end game in Ukraine. Biden is betting that including money for Israel and immigration will help convince House Republicans wary of sending additional money to Ukraine to support the measure. "Israel is a separate matter – we are going to bring forward a standalone Israel funding measure (of) over $14 billion,” Johnson said in the interview. He said House Republicans will look for other areas to cut in the budget in order to finance the funding for Israel.

Persons: Mike Johnson, Elizabeth Frantz, Joe Biden's, Johnson, Biden, ” Johnson, Eric Beech, Chris Sanders, Jamie Freed, Raju Gopalakrishnan Organizations: U.S, Capitol, REUTERS, Rights, Fox News, White House, Republicans, Israel, Thomson Locations: Washington , U.S, Ukraine, Israel

☆ US halts exports of most civilian firearms for 90 days
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel

☆ US Halts Exports of Most Civilian Firearms for 90 Days
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) -The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co., Smith & Wesson Brands and Vista Outdoor, could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: WASHINGTON, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Vista, Overseas, Commerce Locations: U.S, Washington, Ukraine, Israel

☆ New US House speaker says Ukraine, Israel funding request should be split
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

☆ New US House Speaker Says Ukraine, Israel Funding Request Should Be Split
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

Persons: Mike Johnson, Joe Biden's, Johnson, Biden, ” Johnson, Eric Beech, Chris Sanders, Jamie Freed, Raju Gopalakrishnan Organizations: WASHINGTON, U.S, Fox News, White House, Republicans, Israel Locations: Ukraine, Israel

☆ White House to unveil AI executive order on Monday -reports
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

A general view of the White House in the hours before U.S. President Joe Biden delivers the annual State of the Union speech in Washington, U.S. February 7, 2023. REUTERS/Jonathan Ernst/File photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - U.S. President Joe Biden's administration is expected to unveil its long-awaited artificial intelligence executive order on Monday, according to media reports. The Washington Post, citing several people familiar with the matter, on Wednesday said the order would require "advanced AI models to undergo assessments before they can be used by federal workers." Axios also reported on the expected order, citing an invitation it obtained for a White House event scheduled for Monday afternoon and multiple unnamed sources familiar with the planned announcement. The White House did not immediately respond to a request for comment.

Persons: Joe Biden, Jonathan Ernst, Joe Biden's, Axios, Kanishka Singh, Susan Heavey, Chris Sanders, Richard Chang Organizations: White, U.S, State of, REUTERS, Rights, Washington, Thomson Locations: State, Washington , U.S, United States, Washington

☆ US to Send Two Iron Dome Systems Back to Israel - Sources
▼ + stars: | 2023-10-19 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

By Mike StoneWASHINGTON (Reuters) - The Pentagon plans to send the two Iron Dome missile defense systems it had previously purchased from Israel back to that country to defend itself against inbound missiles, a U.S. official and a congressional aide said. The Department of Defense told members of Congress at a briefing on Wednesday it planned to lease the Iron Dome systems back to Israel, the U.S. official and the congressional aide told Reuters. The transfer back to Israel could come within days, the congressional aide said. Biden promised replenishment of interceptors used by Israel's Iron Dome missile defense system as well as ammunition in addition to redoubling the U.S. military presence in the region. In August 2022, Israel said Iron Dome interceptor had shot down 97% of Palestinian rockets it had engaged during a weekend surge of Gaza fighting.

Persons: Mike Stone WASHINGTON, Biden, Israel, Mike Stone, Chris Sanders, Jonathan Oatis Organizations: Pentagon, U.S, The Department of Defense, U.S ., Reuters, Rafael Advanced Defence Systems, Iron Locations: Israel, Guam, Lebanon, Gaza, Washington

☆ US to send two Iron Dome systems back to Israel - sources
▼ + stars: | 2023-10-19 | by ( Mike Stone | ) www.reuters.com time to read: +2 min

An Israel's Iron Dome anti-missile system is seen in position near Ashdod, Israel May 13, 2023 REUTERS/Ammar Awad/File Photo Acquire Licensing RightsWASHINGTON, Oct 19 (Reuters) - The Pentagon plans to send the two Iron Dome missile defense systems it had previously purchased from Israel back to that country to defend itself against inbound missiles, a U.S. official and a congressional aide said. The Department of Defense told members of Congress at a briefing on Wednesday it planned to lease the Iron Dome systems back to Israel, the U.S. official and the congressional aide told Reuters. The transfer back to Israel could come within days, the congressional aide said. Biden promised replenishment of interceptors used by Israel's Iron Dome missile defense system as well as ammunition in addition to redoubling the U.S. military presence in the region. In August 2022, Israel said Iron Dome interceptor had shot down 97% of Palestinian rockets it had engaged during a weekend surge of Gaza fighting.

Persons: Ammar Awad, Biden, Israel, Mike Stone, Chris Sanders, Jonathan Oatis Organizations: REUTERS, Rights, Pentagon, U.S, The Department of Defense, U.S ., Reuters, Rafael Advanced Defence Systems, Iron, Thomson Locations: Ashdod, Israel, Guam, Lebanon, Gaza, Washington

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. Reuters reported in June that the very AI chips barred by prior regulations could be purchased from vendors in China's Shenzhen. AI capabilities, aided by supercomputing and advanced chips, improve the speed and accuracy of military decision-making, planning and logistics, according to the regulations released Tuesday. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. "We don’t think incremental semiconductor equipment restrictions are likely to have significant long term effects" on equipment suppliers, Wolfe Research said in a client note.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, Biren, ASML, Lam, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Beijing, Commerce, Reuters, Georgetown University's Center for Security, Emerging Technology, Xilinx, Intel, supercomputing, HIT, AMD, U.S, Lam, Applied Materials, Wolfe Research, Semiconductor Industry Association, Thomson Locations: China, U.S, Iran, Russia, Beijing, China's Shenzhen, Georgetown, CHINA, Macau, Netherlands

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The rules restrict a broader swathe of advanced chips and chipmaking tools to a greater number of countries including Iran and Russia, and blacklist Chinese chip designers Moore Threads and Biren. Nvidia's business has soared since the imposition of last year's rules because its China-only chips are still better than alternatives. LICENSING EXPANDEDThe new measures also expand licensing requirements for exports of advanced chips to more than 40 additional countries that present risks of diversion to China and are subject to U.S. arms embargoes. The Biden administration also hit 21 countries outside China with a licensing requirement for chipmaking tools.

Persons: Florence Lo, Biden, Moore, Gina Raimondo, " Raimondo, Biren, ASML, Raimondo, Jake Sullivan, Janet Yellen, Alexandra Alper, Karen Freifeld, Stephen Nellis, David Shepardson, Max A, Chris Sanders, Jamie Freed, Daniel Wallis Organizations: REUTERS, Rights, Nvidia, Commerce, HIT, AMD, Intel, U.S, Lam Research, Materials, Embassy, Semiconductor Industry Association, Thomson Locations: China, U.S, Beijing, Iran, Russia, United States, CHINA, Macau, Netherlands, Washington

☆ Exclusive: Upcoming US rules on AI chip exports aim to stop workarounds
▼ + stars: | 2023-10-15 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

The new rules will block some AI chips that fall just under current technical parameters while demanding companies report shipments of others, said the official, who provided information on condition of anonymity. Last year, government restrictions kept Nvidia (NVDA.O), the world's most valuable chipmaker, from shipping two of its most advanced AI chips to Chinese customers, chips that have become the industry standard for developing chatbots and other AI systems. The U.S. now plans to introduce new guidelines for AI chips that will restrict certain advanced datacenter AI chips not currently captured, the official said. The update to the October 2022 rules is also meant to cover AI chips as technology evolves. The new restrictions may also close a loophole that gives Chinese companies access to American artificial intelligence chips through Chinese units located overseas, as Reuters reported last week.

Persons: Florence Lo, Biden, Karen Freifeld, Max A, Chris Sanders, Lisa Shumaker, Deepa Babington Organizations: REUTERS, U.S, Reuters, U.S . Department of Commerce, Nvidia, The, Commerce Department, Thomson Locations: U.S, China, The U.S, Beijing

China's Ministry of Commerce has previously accused the U.S. of abusing export controls and called for it to "stop its unreasonable suppression of Chinese companies." Washington has been working to close other loopholes that allow the AI chips into China. In August, it told Nvidia and AMD to restrict shipments of the AI chips beyond China to other regions, including some countries in the Middle East. Sources said the new rules on AI chips expected this month will likely apply those same restrictions more broadly to all companies in the market. But sources say the Biden administration is grappling with that issue as well.

Persons: Florence Lo, Biden, Greg Allen, Hanna Dohmen, George, CSET, Timothy Fist, Alexandra Alper, Karen Freifeld, Chris Sanders, Anna Driver Organizations: REUTERS, United, Reuters, Center for Strategic, International Studies, Commerce Department, Embassy, China's Ministry of Commerce, U.S, Georgetown University's Center for Security, Emerging Technology, International Affairs, George Washington University’s School of International Affairs, Nvidia, Xilinx, Intel, AMD, Amazon Web Services, Washington, New, New American Security, Thomson Locations: United States, Beijing, China, U.S, Shenzhen . Washington, Singapore, Washington, Georgetown, Microsemi . Washington, New American

☆ US allows Samsung, SK Hynix to keep getting US tools in China
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. The authorization allows them to continue their Chinese chipmaking operations without the headache of applying for U.S. licenses to get new equipment, after new rules issued last October curbed Chinese chipmakers' access to the coveted tools. The October 2022 rules restricted shipments of advanced chips and chipmaking equipment to China as part of a U.S. bid to slow China's technological and military advances. Samsung Electronics makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi and 20% of its NAND flash chips in Dalian. The companies together controlled nearly 70% of the global DRAM market and 50% of the NAND flash market as of the end of June, data from TrendForce showed.

Persons: Florence Lo, Karen Freifeld, Chris Sanders, Alexandra Alper, Susan Heavey, Doina Chiacu, Jonathan Oatis Organizations: REUTERS, Rights, United, South Korea's SK Hynix, Samsung, U.S, Commerce Department, Taiwan Semiconductor Manufacturing, Samsung Electronics, SK Hynix, Thomson Locations: China, U.S, Nanjing, Xian, Wuxi, Dalian, TrendForce

Dealmaking in the U.S. oil and gas patch has picked up pace as producers sought to replenish their inventory after years of under-investment. The most-prized targets for Chevron could be Coterra Energy (CTRA.N) or Devon Energy (DVN.N), he added. Others mentioned included Matador Resources (MTDR.N), Permian Resources (PR.N) and Diamondback Energy (FANG.O). Still, the Exxon deal, the industry's largest since 2016, also set off worries about stiff regulatory scrutiny over anti-competitive concerns. Exxon does not anticipate antitrust hurdles to complete the deal, expected by early 2024.

Persons: Exxon Mobil's, Gabriele Sorbara, Siebert Williams Shank, Sorbara, Dado Ruvic, Andrew Dittmar, Elizabeth Warren, Sven Del Pozzo, Mrinalika Roy, Chris Sanders, Sriraj Organizations: Exxon, Natural Resources, Co, Chevron, ConocoPhillips, ExxonMobil, Pioneer, REUTERS, Devon Energy, Matador Resources, Diamondback Energy, U.S, P, Insights, Thomson Locations: U.S, Bengaluru, Washington

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