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Huawei Export Licenses Could be Revoked by U.S.
  + stars: | 2023-02-28 | by ( Ian Talley | Asa Fitch | ) www.wsj.com   time to read: 1 min
The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns. The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. and Intel Corp., which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.
Huawei Export Licenses Could Be Revoked by U.S.
  + stars: | 2023-02-28 | by ( Ian Talley | Asa Fitch | ) www.wsj.com   time to read: 1 min
The Biden administration is considering revoking export licenses issued to U.S. suppliers for sales to Chinese telecom company Huawei Technologies Co., according to people familiar with the matter, part of a broader tightening of technology trade over national security concerns. The administration previously indicated that it was considering not granting any new export licenses to companies such as Qualcomm Inc. and Intel Corp., which provide chips needed for smartphones and other devices. The action would cover products that use advanced 5G technology as well as older 4G products.
U.S. Aims to Chart New Course for Chip Industry
  + stars: | 2023-02-28 | by ( Yuka Hayashi | Asa Fitch | ) www.wsj.com   time to read: 1 min
WASHINGTON—The Commerce Department on Tuesday kicked off the application process for semiconductor manufacturing subsidies under the $53 billion Chips Act, along with conditions aimed at advancing some of the Biden administration’s priorities. The program serves as a test of Washington’s ability to invigorate and chart a future course for the semiconductor industry that was forged in the U.S. but in recent years has moved much of its manufacturing overseas.
On Monday, another suspected Palestinian shooting attack in the West Bank critically wounded one person, emergency services said. "It's now in his interest to show that he is clamping down on this kind of settler violence." "The U.S administration, which fosters this government, must end all these crimes," said the spokesman for Palestinian President Mahmoud Abbas. "One can see the Aqaba summit as a parable: the Americans announce that Israel has promised to freeze settlement construction, which Netanyahu then denies. "On the eve of the election Netanyahu was pondering the legacy he will have when he is reelected prime minister.
Chip makers are abuzz about the latest hot-thing in tech: artificial-intelligence tools that generate text with minimal prompting, require massive computing power to run and promise a lucrative new revenue stream. For semiconductor makers, the new tools, if widely adopted, could result in tens of billions of dollars in net annual sales, analysts estimate.
LONDON—Europe’s defense contractors are boosting orders and enjoying surging stock market valuations, lifted by higher government spending and the expectation of more sales to come as the Ukraine war grinds on. BAE Systems PLC, Europe’s largest defense contractor, was the latest in a parade of big arms makers to post a large jump in annual orders for 2022. It joined peers such as Sweden’s Saab AB and Norway’s Kongsberg Gruppen ASA in benefiting from generally higher military spending around the world—particularly from some European countries—amid the Ukraine war.
Chip makers are abuzz about the latest hot-thing in tech: artificial-intelligence tools that generate text with minimal prompting, require massive computing power to run and promise a lucrative new revenue stream. For semiconductor makers, the new tools, if widely adopted, could result in tens of billions of dollars in net annual sales, analysts estimate.
Intel Cuts Quarterly Dividend by 66%
  + stars: | 2023-02-22 | by ( Asa Fitch | Colin Kellaher | ) www.wsj.com   time to read: 1 min
An Intel facility. The company says adjusted cash flow in the first six months of the year would fall short of expectations. Intel Corp. said it would cut its dividend to conserve cash as the chip maker tries to balance the financial impact of an aggressive expansion plan with the hit from a near-term demand slump. The payout reduction by two-thirds to 50 cents annually would help the company make investments to transform itself during the current period of economic uncertainty, Intel said. The company’s annual dividend hasn’t been that low since 2007, when it was 45 cents.
Senator Tim Scott of South Carolina, New Hampshire Governor Chris Sununu and former Arkansas Governor Asa Hutchinson, among others. [1/7] Old welcome signs heralding the hometown of former South Carolina governor and former U.S. Ambassador to the U.N. Nikki Haley sit behind the town center in Bamberg, South Carolina, U.S. February 14, 2023. Haley will kick off the start of her 2024 presidential campaign in Charleston, South Carolina. "People don't understand, unless you were here, just what a demonstrative act of leadership that was," said Tom Davis, a Republican state senator who is backing Haley's presidential bid.
Photo: Asa Featherstone IV for The Wall Street JournalGrocery prices rose 11.3% in January from a year earlier. Inflation cooled slightly at the start of the year, but remained high, as consumer prices increased for energy, housing, food and many other items. The consumer-price index, a closely watched measure of inflation, climbed 6.4% in January from a year earlier, edging down from 6.5% in December, the Labor Department said Tuesday. That marked the seventh straight month of easing inflation since peaking at 9.1% in June, the highest reading since 1981.
Utah Republican Gov. Spencer Cox told "Meet the Press" on Sunday that "I would love a governor" to be the GOP nominee for president. On former Arkansas Republican Gov. Cox did rule out one governor running for president in 2024 — himself. Phil Murphy, who joined Cox on "Meet the Press," said he wanted to see Cox run, the Republican replied "that is definitely not happening."
Ghana seeks Indian investment in oil and gas sector
  + stars: | 2023-02-08 | by ( ) www.reuters.com   time to read: +1 min
Companies Aker ASA FollowBENGALURU, India, Feb 8 (Reuters) - Ghana, which is struggling with its worst economic crisis in a generation, is seeking Indian investment in its oil and gas sector, William Owuraku Aidoo, its deputy minister of energy, said on Wednesday. "There are some opportunities in Ghana specially in the oil and gas front. We have some oil blocks available and we came here hoping to attract Indian investments," Aidoo told Reuters after a meeting with Indian oil minister Hardeep Singh Puri at India Energy Week. He said Ghana will award exploration licences through direct negotiations if Indian companies are interested. Apart from offering exploration opportunities, Ghana is also seeking Indian support to build refineries of about 300,000 barrels per day.
One of the really interesting questions here – this will be fascinating – the core of linear TV is sports rights. When you look at the size and scope of the linear TV business, it's huge. Patrick T. Fallon | Afp | Getty ImagesByron Allen, Entertainment Studios founder and CEO: I think linear TV will exist for a very, very long time. Simmons: I believe Apple, out of nowhere, will start making their own awesome televisions that have Apple TV embedded in them. We are witnessing early stages of this dynamic with deals like "NFL Sunday Ticket" on YouTube and the MLS deal with Apple TV.
The Computer Chip Wars: How AMD Ended Intel's Market Dominance Intel has ruled the market for central processing units since the 1980s. But rival AMD overtook Intel in market value last year, thanks in part to an expensive bet on chip design. WSJ’s Asa Fitch explains the companies’ battle for the brains of your computer.
Nikki Haley , a former South Carolina governor and U.S. ambassador to the United Nations, intends to launch a White House bid Feb. 15, according to a person familiar with her plans, challenging former President Donald Trump for the 2024 Republican presidential nomination. Kristi Noem of South Dakota is the only other woman known to be contemplating a 2024 GOP presidential bid. Vice President Kamala Harris became the first woman to hold the No. A number of other Republicans are also believed to be contemplating entering the race, including former New Jersey Gov. Asa Hutchinson , former Vice President Mike Pence, former Secretary of State Mike Pompeo , South Carolina Sen. Tim Scott and Virginia Gov.
The Computer Chip Wars: How AMD Ended Intel's Market Dominance Intel has ruled the market for central processing units since the 1980s. But rival AMD overtook Intel in market value last year, thanks in part to an expensive bet on chip design. WSJ’s Asa Fitch explains the companies’ battle for the brains of your computer.
REUTERS/Randall HillIn the pivotal 2016 South Carolina primary, Trump won the contest — beating Bush, Rubio, and Cruz in their own Southern backyard. AP Photo/Richard Drew, FileTrump is no longer a Washington outsiderIn 2016, Trump was a novelty to many Republican voters. And in recent months, DeSantis has increasingly eclipsed Trump as the top presidential choice among GOP primary voters. Haley and Scott could potentially be competitors to win the 2024 GOP presidential nomination. By the time the Florida GOP primary was held, Jeb Bush had already suspended his campaign, humbled by his fourth-place showing in South Carolina.
Intel Slumps on Disappointing Earnings Amid PC Weakness
  + stars: | 2023-01-27 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Intel is among the chip companies that have pared back production plans and reduced capital spending. Intel Corp. reported a fourth-quarter loss, hurt by a souring market for its chips and growing competition from rivals, as it also issued a gloomy outlook for the current quarter. Semiconductor companies have seen a stark shift to a glut of chips amid recession fears from a period of shortage during the height of the pandemic driven by demand for all-things digital. Intel also has been battling loss of market share to rivals such as Advanced Micro Devices Inc. and companies that have embraced semiconductors based on technology from British chip-design specialist Arm Ltd.
Intel Expected to Post Loss as Demand for Chips Wanes
  + stars: | 2023-01-26 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
Intel is among the chip companies that have pared back production plans and reduced capital spending. Intel Corp. is expected to report a fourth-quarter loss, hurt by a souring market for its chips and growing competition from rivals. Semiconductor companies have seen a stark shift to a glut of chips amid recession fears from a period of shortage during the height of the pandemic driven by demand for all-things digital. Intel also has been battling loss of market share to rivals such as Advanced Micro Devices Inc. and companies that have embraced semiconductors based on technology from British chip-design specialist Arm Ltd.
Arm-Based Chips Make Inroads With Apple, Amazon
  + stars: | 2023-01-23 | by ( Asa Fitch | ) www.wsj.com   time to read: 1 min
A new generation of chips using Arm Ltd. technology is heaping pressure on Intel Corp. as the British chip-design specialist prepares for what could be one of the year’s highest-profile public listings. Arm-based chips have been winning market share in PCs and have become a more formidable rival in the increasingly important data-center market where Intel has long been the undisputed leader. Amazon .com Inc. has embraced the technology for its self-made server chips, and Microsoft Corp. and Google are working on processors using building blocks licensed from Arm, according to people familiar with their efforts.
[The stream is slated to start at 3 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Joumanna Bercetche, top business leaders and policymakers discuss surging inflation at Davos, Switzerland, and whether a radical rethink is needed by central banks. Joining CNBC is Larry Summers, Charles W. Eliot University professor at the Harvard Kennedy School of Government, Thomas Jordan, chairman of the Swiss National Bank, Kjerstin Braathen, CEO of DNB ASA, and Julio Velarde, governor of the Central Bank of Peru. Subscribe to CNBC on YouTube.
Bills to block the app on state devices in California, Massachusetts, New York and Vermont have also been proposed. University of IdahoSchool’s policy: TikTok must be removed from university equipment "regardless of funding source," according to the school's help page. South Dakota University SystemSchool’s policy: The South Dakota Board of Regents, which governs six universities including Black Hills State University, University of South Dakota, Northern State University, Dakota State University, South Dakota State University and South Dakota Mines, told employees they could not use, download or access TikTok on university devices. University of Texas — AustinSchool’s policy: On Dec. 16, university officials announced that TikTok would be banned on state-issued devices. Texas Tech UniversitySchool’s policy: University employees are prohibited from using TikTok on school-issued devices and official university TikTok accounts must be deactivated.
The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen, Scotland, but the extent of the cuts is yet to be determined and will be subject to consultations. Harbour Energy Plc has 1,700 employees worldwide, according to its website. Executives in North Sea companies have urged the British government to introduce a price floor to mitigate the impact of the windfall tax as firms struggle to access new funding. Industry group OEUK said in response to Harbour's announcement that the windfall tax will further undercut spending. Companies including Shell Plc (SHEL.L) and Equinor ASA (EQNR.OL) have already said they will review their North Sea investments.
PORT OF SPAIN, Jan 16 (Reuters) - Trinidad and Tobago plans an auction this quarter of up to 20 offshore natural gas exploration blocks under new fiscal terms designed to increase the pool of potential bidders, people familiar with the matter said. The Caribbean nation has been working to stem a decline in its natural gas output and to spur exploration in its shallow waters, where almost all of its natural gas is produced. The new fiscal terms and a plan to provide seismic data aim to lure new bidders, the people said. Trinidad and Tobago has a natural gas deficit of 25% of its installed processing capacity, with daily production of just under 3 billion cubic feet per day (bcfd) leading to a shortfall in LNG and petrochemical production. Reporting by Curtis Williams in Port of Spain; editing by Gary McWilliams and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.
Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that track their locations. Appliances have added chips to manage electricity use. In 2021, the average car contained about 1,200 chips worth $600, twice as many as in 2010.
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