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☆ Rocket Lab's CEO practices founder mode like Elon Musk — but he'd rather pan for gold on Earth than live on Mars
▼ + stars: | 2024-11-19 | by ( Ana Altchek | ) www.businessinsider.com time to read: +7 min

AdvertisementHeadquartered in Long Beach, California, Rocket Lab employs over 2,000 people globally. It's an "end-to-end space company," providing launch services, spacecraft, satellite components, and on-orbit management. Rocket Lab is valued at a fraction of that, with a market cap of around $9.5 billion. He said that's the nature of who he is — and the job of running a rocket company. AdvertisementBeck describes running a rocket company as "running through a maze in the middle of the night."

Persons: Peter Beck, Beck, Elon Musk, you've, Donald Trump, Trump, David, faze Beck, Virgin, Virgin Orbit, Jeff Bezos, Rutherford, Ernest Rutherford, We've, we've, doesn't, Beck doesn't, blissfully Organizations: SpaceX, Rocket, Department of Government, Lab, Rocket Lab, New Zealand Locations: New Zealand, Long Beach , California

☆ Voyager 2’s defining Uranus flyby may have been skewed by a rare cosmic event
▼ + stars: | 2024-11-11 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

Magnetospheres are the protective bubbles around planets like Earth that have magnetic cores and magnetic fields, and they are driven by the planet’s magnetic field. Voyager 2’s data showed that Uranus’ magnetosphere was home to unexpectedly powerful electron radiation belts. Voyager 2’s observations of Uranus’ magnetosphere defied the way astronomers understand how magnetic fields trap energetic particles and their radiation. The first panel (left) of this artist's concept depicts how Uranus' protective magnetosphere behaved prior to Voyager 2's flyby. Fortunately, sending a dedicated mission to study Uranus in the future has become a priority for NASA, according to a report released in 2022.

Persons: ”, Jamie Jasinski, ” Jasinski, It’s, Linda Spilker, Spilker, ” Spilker, James Webb Organizations: CNN, Jet Propulsion Laboratory, NASA, JPL, Caltech, Orbiter, Probe Locations: Pasadena , California

☆ China and U.S. race to solve the mystery of neutrinos, 'ghost particles' of the universe
▼ + stars: | 2024-10-31 | by ( Eric Baculinao | Evan Bush | Eric Baculinao Is A Producer Based In Beijing. A Long-Term Resident Of Beijing Who Is Fluent In Chinese | ) www.nbcnews.com time to read: +8 min

Neutrinos pair with antineutrinos, which scientists think mirror their behavior. The first of three new neutrino observatoriesJUNO is part of China’s ambitious efforts to become a global science powerhouse. The sun, for example, sends electron neutrinos toward Earth, but sometimes they arrive as muon neutrinos. Several scientists behind neutrino observatory projects admitted, though, that it’s impossible to predict the practical, earthly benefits of the research. You need a discontinuity,” said Mary Bishai, a particle physicist at the U.S. Energy Department’s Brookhaven National Laboratory and a co-spokesperson for the DUNE project.

Persons: antineutrinos —, Wang Yifang, antineutrinos, ” Wang, Xi Jinping, Eric Baculinao, “ It’s, ”, Chris Marshall, China —, Wang, “, they’ve, ” Patrick Huber, Ignacio Taboada, — it’s, —, Sergio Bertolucci, We’ve, JUNO, Pedro Ochoa, you’ll, Mary Bishai Organizations: China’s Institute of High Energy, Workers, NBC, University of Rochester, U.S, NBC News U.S, Virginia Tech’s Center, Neutrino Physics, Georgia Tech, JUNO, University of California, U.S . Energy, Brookhaven National Laboratory Locations: Japan, U.S, Illinois, North Dakota, China, Italian, South Dakota, Irvine, Brookhaven

☆ Bird flu was detected in a pig, and it could be a tipping point threatening more human transmission
▼ + stars: | 2024-10-31 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +6 min

A pig has tested positive for H5N1 bird flu in a backyard farm in Oregon. The H5N1 bird flu was detected in a pig in Oregon, the first instance of a swine infection in the US, officials announced on Wednesday. Pigs get both bird flu viruses and human flu viruses, making them a genetic mixing bowl where H5N1 could gain genetic mutations that help it spread between humans. AdvertisementWhy pig infection could be a tipping pointPigs play host to both bird flu viruses and human flu viruses. Inside a pig, the H5N1 bird flu virus could pick up genetic mutations that help it adapt to better infect human bodies.

Persons: —, Stacey Schultz, Cherry, Jude Children's, Jeremy Farrar, Diego Vara, Florian Krammer, Cynthia Goldsmith, Jackie Katz, Schultz, Richard Webby, Jude, Robert Giroux Organizations: Service, St, Jude Children's Research, World Health Organization, Reuters, US Department of Agriculture, USDA, Icahn, of Medicine, STAT, CDC, AP, WHO Locations: Oregon, South America, Sao Jose, Norte, Brazil, New York, St, New York City

☆ Rocket builder Firefly’s new CEO is working ‘maniacally’ to scale launches, spacecraft and moon missions
▼ + stars: | 2024-10-29 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +9 min

He sees gaps in the launch market for Firefly's Alpha and coming MLV rockets, which slot into the middle of the small-to-heavy class of vehicles. Firefly has three main product lines: its rockets, Alpha and MLV; space tugs, called Elytra, and lunar landers, known as Blue Ghost. More rocketsThe company's fifth Alpha launch lifts off from Vandenberg Space Force Base in California in July 2024. A rendering of the MLV rocket. Firefly AerospaceKim sees Firefly as having a key advantage — "an engine that works" — in its Reaver engines that power the Alpha rockets.

Persons: Jason Kim, Firefly Aerospace Jason Kim, he's, Elon Musk's, ULA, Jeff Bezos, Kim, he'd, I'm, … I'm, what's, Firefly's, Trevor Mahlmann, Northrop, Aerospace Kim, Miranda, We've, MLV, Firefly's Alpha, Lockheed Martin, Simone Biles, we're Organizations: Firefly Aerospace, Aerospace, Boeing, Elon, Elon Musk's SpaceX, Firefly's Alpha, CNBC, Firefly, Alpha, California's Vandenberg Space Force Base, Industrial Partners, Vandenberg Space Force, SpaceX, Lockheed, Payload Services, NASA, Blue Locations: U.S, Austin , Texas, California's, California, Northrop's, Briggs , Texas

☆ Harris vs. Trump: Auto insiders weigh in on both candidates, top issues
▼ + stars: | 2024-10-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Electric vehicles, trade, tariffs, China, emissions regulations and labor are among the top issues automakers are monitoring, according to industry executives and policy experts. Harris vs. TrumpOfficials expect a Harris victory to be a continuation, but not a copy, of the past four years under Biden. Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Republicans, led by Trump, have largely condemned EVs, saying that they are being forced upon consumers and that they will ruin the U.S. automotive industry. LaborOf the many issues regarding the automotive industry, officials who spoke to CNBC were nearly unanimous regarding labor: They're concerned a Harris win would continue to mean increased power for organized labor.

Persons: Bill Pugliano, Kamala Harris, Donald Trump, Joe Biden, Harris, Jefferies, Philippe Houchois, Biden, Shawn Fain, Drew Angerer, Brian Snyder, —, Elon Musk's, Trump, Pablo Di Si, EVs, Harris hasn't, Peter Rawlinson, Rawlinson, That's, Trump's, USMCA, Mary Barra, hasn't, Fain Organizations: Ford, Ford Dearborn Plant, Getty, DETROIT, Motor, Great, Trump, CNBC, Trump Officials, United Auto Workers, Democratic, International Union of Painters, AFP, Republican, Reuters, Motors, Ford Motor, Chrysler, EV, Lucid, Tesla, California Air Resources, D.C, District of Columbia, Alliance for Automotive Innovation, U.S . Officials, IRA Electric, Volkswagen Group of America, Automotive, Republicans, Environmental Protection Agency, . North, North American Free Trade, Jefferies, Labor, Democratic National Convention, UAW Locations: Dearborn , Michigan, Michigan, Motor City, Great Lakes State, China, Macomb , Michigan, California, Hamtramck , Michigan, U.S, Detroit, Washington , Oregon, New York, Washington, . North American, United States, Mexico, Canada, American

☆ How a giant, ancient meteorite impact helped fledgling life on Earth
▼ + stars: | 2024-10-22 | by ( Ashley Strickland | ) edition.cnn.com time to read: +10 min

Spherules can be seen in this sample taken from another meteorite impact. Then all of a sudden, you have a giant tsunami, sweeping by and ripping up the seafloor.”This graphic shows the sequence of events following the S2 giant meteorite impact. When oceans boil and evaporate, they form salts such as those observed in the rocks directly after the impact, Drabon said. The researchers studied layers in this rock and determined that a global tsunami was initiated by the S2 meteorite impact 3.26 billion years ago. “Life during the time of the S2 impact was much simpler,” she said.

Persons: Everests, Nadja Drabon, Drabon, David Madrigal Trejo, Öykü, ” Drabon, “, James Zaccaria, impactor, ” Ben Weiss, Robert R, Shrock, Weiss, ” Weiss, It’s, ” Organizations: CNN, Harvard University, National Academy of Sciences, Sciences, Massachusetts Institute of Technology Locations: Yucatan, what’s, Mexico, South Africa, Cape Cod

☆ Asian chip stocks fall on ASML's disappointing forecast, possible U.S. export cap
▼ + stars: | 2024-10-16 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Asian chip stocks fell on Wednesday after Dutch semiconductor equipment maker ASML posted disappointing sales forecasts, driving down global stocks in the sector. South Korean chipmaking heavyweight SK Hynix, which manufactures high bandwidth memory chips for AI applications for Nvidia, traded 1.6% lower. Net bookings for the September quarter were 2.6 billion euros ($2.83 billion), the company said — well below the 5.6 billion euro LSEG consensus estimate. Nvidia fell 4.7% and AMD lost 5.2%. In its June-quarter earnings presentation, ASML said that 49% of its sales come from China.

Persons: ASML, Foxconn —, Roger Dassen, — Ryan Browne Organizations: Tokyo, Renesas Electronics, Taiwan Semiconductor Manufacturing Company, Hai Precision Industry, SK Hynix, Nvidia, Samsung Electronics, Nikkei, AMD, Bloomberg, Biden Locations: Korean, Taiwan, ASML, Veldhoven, Netherlands, China

☆ Asian semiconductor stocks rise after shares of AI chip darling Nvidia hit a record high
▼ + stars: | 2024-10-15 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Asian chip stocks rose on Tuesday after Nvidia closed at a record high overnight as the chip company continues to ride the massive artificial intelligence wave. Stocks tied to Nvidia suppliers as well as other chip companies advanced as the bullish investor sentiment spilled over. Shares of South Korean chipmaker SK Hynix, which manufacturers high bandwidth memory chips for AI applications, for Nvidia surged 2.5%. Samsung Electronics, which is expected to be manufacturing HBM chips for some Nvidia products, saw its shares rise 0.5%. Japanese semiconductor manufacturing firm Tokyo Electron surged 5%, testing equipment supplier Advantest gained 3.6% and Renesas Electronics rose over 4%.

Persons: Stocks Organizations: Nvidia, Korean chipmaker SK Hynix, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Hai Precision Industry, Tokyo, Advantest, Renesas Electronics, SoftBank Group

☆ Scientists discover hidden ancient forest on treeless island
▼ + stars: | 2024-09-27 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —No trees have grown on the windswept Falkland Islands in the South Atlantic Ocean for tens of thousands of years — just shrubs and other low-lying vegetation. “It’s very sort of windswept and barren.”The Falkland Islands are a British-ruled overseas territory over which Great Britain and Argentina fought a brief war in 1982. But the story of this hidden forest goes back even further in time than the researchers initially thought. “The Falkland Islands are currently covered by grasslands and lack native trees,” Donovan added. However, the islands are unlikely to see a return to a forest landscape anytime soon, Thomas said.

Persons: Zoë Thomas, “, ”, Thomas, Michael Donovan, wasn’t, ” Donovan, Haidee, Chris Turney, what’s, Donovan Organizations: CNN, UK’s University of Southampton, Britain, Falklands, Antarctic, University of Southampton, Chicago’s, Australia’s University of New, Southern Locations: Falkland Islands, Stanley, Falkland, British, Great Britain, Argentina, Australia’s University of New South Wales, Patagonia, Antarctica, Westerly, Islas, South America

☆ One chipmaker is finally reaping the benefits of Nvidia's AI chip boom
▼ + stars: | 2024-09-27 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Micron surged over 15% after strong revenue and profit forecasts driven by AI spending. Other chip stocks also rallied on Thursday after Micron's revenue guidance. AdvertisementMicron surged over 15% on Thursday after reporting strong revenue and profit forecasts, spurred by continued artificial intelligence spending. Micron projected its next quarter's revenues to be between $8.5 billion and $8.9 billion, above the $8.3 billion analysts anticipated. AdvertisementThe chipmaker's rosy forecast is a sign that it is another winner of the AI spending boom.

Persons: —, Sanjay Mehrotra, wasn't, Matt Bryson Organizations: Micron, Service, US, Nvidia, Samsung Electronics, SK Hynix, Tokyo Locations: HBM, South Korea

☆ Major global chip stocks rally on Micron's 15% surge; ASML up 4%
▼ + stars: | 2024-09-26 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Global chip stocks rallied on Thursday after U.S. memory semiconductor maker Micron posted revenue guidance that topped expectations and boosted its share price. SK Hynix and Micron are both suppliers of memory chips to Nvidia's products designed for artificial intelligence processes in data centers. HBM chips are seen as key for AI. Micron reiterated that its HBM chips are sold out for 2024 and 2025. The optimism around Asian chip stocks filtered through to Europe.

Organizations: Micron, Samsung Electronics, SK Hynix, Samsung, Tokyo Electron, Nikkei, SoftBank, Semiconductor Locations: U.S, South Korea, Japan, Europe, Dutch

☆ Nikkei jumps 3%, leading Asia-Pacific markets higher
▼ + stars: | 2024-09-12 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

A General view showing the Central Business District in Central on May 18, 2023 in Hong Kong, China. Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street after a volatile session spurred by inflation data. Japan's producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. Investors will also look toward the release of Hong Kong's producer price index for the second quarter this afternoon. The listing is set to be the largest offering in Hong Kong since May 2021.

Persons: Jensen Huang, Goldman Sachs, Hong Organizations: Central Business District, Nikkei, Nvidia, Technology Conference, SK Hynix, Samsung Electronics, SoftBank, Bank of Japan, Reuters, Midea Locations: Central, Hong Kong, China, Asia, Pacific, San Francisco, Tokyo, India

☆ Asian chip-related stocks rally on renewed AI optimism after Nvidia CEO comments
▼ + stars: | 2024-09-12 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks during an event in Taipei, Taiwan, on Sunday, June 2, 2024. Asian chipmaking heavyweights extended Wall Street's rally as Nvidia CEO Jensen Huang made bullish comments about the AI darling's outlook. Stocks tied to Nvidia suppliers and semiconductor related companies rallied in Asia as the bullish investor sentiment spilled over. Contract chip manufacturer Taiwan Semiconductor Manufacturing Corp jumped as much as 5% and Hon Hai Precision Industry — known internationally as Foxconn — gained over 4%. Japanese chip-related stocks also soared, including semiconductor testing equipment supplier Advantest which gained over 9%.

Persons: Jensen Huang, Goldman Sachs, Huang, Stocks, — Organizations: Nvidia Corp, Nvidia, Goldman, Technology Conference, Taiwan Semiconductor Manufacturing Corp, Hai Precision Industry, TSMC, Tokyo, SoftBank Group, Samsung Electronics, SK Hynix Locations: Taipei, Taiwan, San Francisco, Asia, South Korea

☆ Nuclear clocks could surpass precision of atomic ones
▼ + stars: | 2024-09-10 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +9 min

For this nuclear clock, the scientists used ultraviolet light to excite nuclear particles in an atom of thorium-229 embedded in solid crystal. For decades, atomic clocks have been used in GPS technologies, for space exploration and for keeping international time. The study of physics itself could be revolutionized by using nuclear clocks alongside atomic clocks, according to Zhang. “If the nuclear clock and the atomic clock transition frequency ratio is changing over time, it would be an indication of new physics.”Though there is still much progress to be made before nuclear clocks surpass the performance of atomic clocks — or replace them — these findings hint that such a time isn’t far off, Kolkowitz said. “As better UV laser sources are developed and as some of the mysteries and tricks of nuclear clocks get worked out, I expect that eventually some of the kinds of experiments we are currently doing in my lab to test relativity and search for new physics with atomic clocks will instead be performed with nuclear clocks,” Kolkowitz said.

Persons: ”, Chuankun Zhang, Zhang, Olga Kocharovskaya, Kocharovskaya, ” Zhang, Shimon Kolkowitz, Kolkowitz, ” Kolkowitz, What’s, Mindy Weisberger Organizations: CNN, National Institute of Standards, Technology, University of Colorado, Texas, M University, NASA, University of California, Scientific Locations: University of Colorado Boulder, Berkeley

☆ Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing
▼ + stars: | 2024-09-06 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

That share increased to nearly 50% in the first quarter of financial year 2025 compared with 39.3% in the same period last year. Screen Holdings , meanwhile, generated as much as 43% of its total sales from China in the financial year ended March 2024, up from 19% in financial year 2023. That share rose to 51% in the first quarter of the current financial year from 23% in the same period last year. The company expects China sales share to be at 41% for the fiscal year ending in March 2025. The large business of Japanese chip companies in China underscores the challenge that the U.S. ally faces in balancing White House's demands with its domestic economic interests.

Persons: Yuichi YAMAZAKI, YUICHI YAMAZAKI Organizations: Tokyo University, Getty Images, U.S ., Tokyo, Screen Holdings, Department of Commerce Locations: Tokyo, AFP, China, U.S

☆ Podcast: Japan's quest for the most powerful microchip leads semiconductor revival
▼ + stars: | 2024-08-13 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +25 min

At the end of [the] 1980s, Japanese companies accounted for like 51% of the global semiconductor market. So by doing this ... one thing undercut Japanese semiconductor chip makers' competitiveness in the global market. Another thing [is] that [it] forced open [the] Japanese semiconductor market to foreign players, and this creates opportunity for the U.S., South Korea and Taiwan. And Japanese companies are trying to both develop their own capacity but also attract phone companies to establish fabs there. So by collaborating with international companies, Japanese companies can leverage their existing technology and manufacturing techniques to expand their global share as well.

Persons: Tom Chitty, Fei Xue, Tom Chitty Well, Arjun, Kharpal Fei, Reagan, Arjun Kharpal, Fei, it's, TSMC, Fei Xue Yes, Rapidus, Arjun Kharpal Fei, they're, there's, ASML, you've, He'd, Tom Chitty Fei, Arjun Arjun Kharpal, Tom, Tom Chitty We'll Organizations: TSMC, Rapidus Corporation, Samsung, Economist Intelligence Unit, Economist Intelligence, The Economist, Economist, East, International Relations, U.S, U.S ., Taiwan Semiconductor Manufacturing, IBM, Apple, EV, Japan, Nvidia, Micron, Sony, Nintendo, Canon, South, Samsung Electronics, Tokyo, Screen Holdings Locations: Japan, Taiwan, U.S, Netherlands, Tokyo, beyondthevalley@cnbc.com, East Asia, Fei Xue Japan, South Korea, Japan's, Kyushu, Kumamoto Prefecture, TSMC, That's, China, Kumamoto

☆ U.S. Vies With Allies and Industry to Tighten China Tech Controls
▼ + stars: | 2024-08-09 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

The Biden administration is fighting to overcome opposition from allied nations and the tech industry as it prepares to expand restrictions aimed at slowing China’s ability to make the most advanced semiconductors, which could be used to bolster Beijing’s military capacity. The rules are aimed at blocking off some of the newer routes that Chinese chipmakers have found to acquire technology, despite international restrictions. The United States has been pushing allies like Japan and the Netherlands to toughen their restrictions on technology shipments to China, during visits to those countries as well as a Japanese state visit to Washington in April. Those nations are home to companies that produce chip-making machinery, like ASML Holding N.V. and Tokyo Electron Limited. But industry in the United States and other countries has argued the rules could hurt them, and it remains unclear when or if foreign governments will issue limitations.

Persons: Biden Organizations: United, Tokyo Electron Locations: China, United States, Japan, Netherlands, Washington, Tokyo

☆ Intel plunges 30%, most since 1982, after announcing layoffs and weak guidance
▼ + stars: | 2024-08-02 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Intel's stock plunged as much as 30% on Friday, its biggest daily decline since at least 1982. The dip comes after the company announced plans to lay off 15,000 workers. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementIntel's stock took a big hit after the company issued disappointing guidance and announced sweeping layoffs in its most recent earnings report. Shares plunged as much as 30% on Friday, its biggest single-day drop since at least 1982, according to Bloomberg data.

Persons: —, Pat Gelsinger, ASML, Gelsinger Organizations: Service, Bloomberg, Intel, Nikkei, Nvidia Locations: Tokyo, Japan, Netherlands

☆ Why Japanese stocks just had their worst day in 4 years
▼ + stars: | 2024-08-02 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

The Japanese government raised rates on Wednesday, breaking from its historically dovish stance. The drop comes just two days after the Bank of Japan raised interest rates in an effort to boost the yen's value amidst higher inflation. The BoJ raised rates from a range of 0% to 0.1% to a benchmark 0.25%. The bank raised interest rates for the first time in 17 years back in March, ending its negative interest-rate policy. Others add that, as the market prices in the rate hikes, it will adjust accordingly.

Persons: —, Kazuo Ueda Organizations: Nikkei, Service, Bank of, Bank of Japan, Intel, Bank of America, JPMorgan Locations: Tokyo

☆ Mercury could have an 11-mile underground layer of diamonds, researchers say
▼ + stars: | 2024-07-31 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +11 min

This mechanism, the researchers say, can not only give us more insight into the secrets hidden below Mercury’s surface, but on planetary evolution and the internal structure of exoplanets with similar characteristics. Mercury owes its gray surface to the widespread presence of graphite, which is a form of carbon. Also known as the Mercury Surface, Space Environment, Geochemistry and Ranging mission, it gathered data about the planet’s geology, chemistry and magnetic field, before the spacecraft ran out of fuel and impacted the surface. “However, some lavas at the surface of Mercury have been formed by melting of the very deep mantle. “Only future missions to the planet Mercury will tell whether these predictions were correct.

Persons: ”, Bernard Charlier, it’s, Yanhao Lin, ” Charlier, Lin, Charlier, —, Giuseppe “ Bepi ”, Sean Solomon, Solomon, landers, ” Solomon, BepiColombo, Manley, Felipe González, González, ” González, “ Organizations: CNN, Mercury, University of Liège, NASA, Johns Hopkins University Applied Physics Laboratory, Carnegie Institution of Washington Mysterious, Center for, Science, Technology, Research, Nature Communications, MESSENGER, European Space Agency, Japan Aerospace Exploration Agency, Columbia University, ESA, University of California Locations: Mercury, Belgium, Beijing, Italian, Giuseppe “ Bepi ” Colombo, New York City, Berkeley

☆ ASML shares jump as U.S. could reportedly exclude allies from China chip controls
▼ + stars: | 2024-07-31 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailASML shares jump as U.S. could reportedly exclude allies from China chip controlsReuters reported that the U.S. could expand the foreign direct product rule that would impact chip-related exports to China. But allies including the Netherlands and Japan could be excluded from the updated law, the news agency said. CNBC's Arjun Kharpal breaks down what this means for companies such as ASML and Tokyo Electron.

Persons: CNBC's Arjun Kharpal Organizations: Reuters Locations: China, U.S, Netherlands, Japan, Tokyo

☆ Asia-Pacific markets tumble as chip stocks fall; Nasdaq records its worst day since 2022
▼ + stars: | 2024-07-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets plummeted as chip-related stocks dropped following reports of more stringent export restrictions from the U.S. and as comments from former U.S. President Donald Trump raised geopolitical tensions. Japan's Nikkei 225 declined more than 2%, while the Topix dropped 1.13%. Shares of Tokyo Electron , which supplies to Taiwan Semiconductor Manufacturing Company , plunged more than 10%, while other chip-related stocks such as Advantest and Organo dropped more than 5% and 2%, respectively. Shares of Taiwan Semiconductor Manufacturing Company — the world's largest chip maker — fell more than 3%, dragging the Taiwan Weighted Index lower by 1.7%. The Nasdaq Composite fell nearly 2.8% overnight — posting its worst day since December 2022.

Persons: Donald Trump, Organo, —, Jerome Powell's Organizations: Nikkei, Tokyo, Taiwan Semiconductor Manufacturing Company, Samsung Electronics, Taiwan Semiconductor Manufacturing, Nasdaq Locations: Asia, Pacific, U.S, Taiwan

☆ The new phase of the US-China tech war risks a whole lot of collateral damage
▼ + stars: | 2024-07-18 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Although the company doesn't sell its high-tech lithography machines to China, it does sell a whole lot of other products to Chinese companies. ReutersIt's unclear then if Biden's planned measures would cause more damage to China or ASML. Of course, this is the main piece of ASML tech that Washington wouldn't want China to have access to. Curbing China's access to Western tech is key if the US is serious about holding onto its technology leadership.

Persons: —, Biden, ASML, Biden's, Xi Jinping, Mark Rutte, Wang Gang, Donald Trump, Trump, JD Vance, It'll Organizations: Service, Bloomberg, Business, Reuters, Washington, Huawei, Nvidia Locations: US, China, Tokyo, Eindhoven, The Netherlands, Dutch, Beijing, Taiwan, America, TSMC, Arizona

☆ Asia chip stocks tumble amid news the U.S. may consider trade curbs
▼ + stars: | 2024-07-18 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +1 min

Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. may be considering tighter export restrictions. TSMC's suppliers also took a hit, with Japanese machinery companies Tokyo Electron slumping almost 9% while Screen Holdings fell more than 8%. Any sort of tariffs and curbs to trade are going to impact these chip companies. South Korean chip stocks were not spared. Samsung Electronics slid by nearly 2%, while SK Hynix tumbled nearly 5% and SK Square plunged nearly 10%.

Persons: Biden, Organo, Ayako Yoshioka Organizations: Bloomberg, Taiwan Semiconductor Manufacturing, Screen Holdings, Samsung Electronics, SK Hynix, SK Square Locations: U.S, China, Asia, Tokyo

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