DIRS.INFO The most relevant business & tech news

☆ Norris fears McLaren have missed best chance of a win
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

The 23-year-old Briton has finished runner-up five times this year and six times in a Formula One career that remains without a victory. Australian rookie team mate Oscar Piastri won the sprint at Lusail and was second in the main race. "I think Qatar was our best chance of winning a race. And I missed out on that one," Norris told reporters. "We can look decent, but I think realistically we're not at that level as a general package with these guys.

Persons: McLaren's Lando Norris, Brian Snyder, Lando Norris, Sunday's, Mercedes, Lewis Hamilton, Aston Martin, Norris, Oscar Piastri, Ferrari's Charles Leclerc, Red Bull's, Max Verstappen, Verstappen, ender, Abu, German Nick Heidfeld, Bull, Alan Baldwin, Christian Radnedge Organizations: United, Prix, United States Grand Prix REUTERS, U.S, Sunday, McLaren, Briton, Austin's Circuit, Heidfeld, Thomson Locations: United States, Americas, Austin , Texas, U.S, , Texas, Qatar, Brazil, Austin, Abu Dhabi, Mexico, Las Vegas, German, London

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/Florence Lo/Illustration/File Photo Acquire Licensing RightsOct 11 (Reuters) - A U.S. rule that restricts shipments of certain advanced chips to China has been revised and is under final review, according to a government posting, suggesting that further curbs on chips that can be used for artificial intelligence are coming soon. Reuters exclusively reported last week that U.S. officials had warned China to expect rules restricting shipments of semiconductor equipment and advanced AI chips to China to be updated this month. The rule restricting exports of chipmaking equipment was posted for review last week, Reuters reported on Oct. 5. The regulation on controls on high-end chips, advanced computing integrated circuits (ICs), and supercomputing was received for review on Oct. 10, according to the Office of Management and Budget website.

Persons: Florence Lo, Karen Freifeld, Alexandra Alper, Josie Kao Organizations: REUTERS, Reuters, U.S . Department of Commerce, supercomputing, Management, Export, OMB, of State , Defense, Commerce, Energy, Thomson Locations: China, U.S

☆ Japan's Denso, Mitsubishi Electric to invest $1 bln in Coherent's silicon carbide unit
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

A logo of Mitsubishi Electric Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo Acquire Licensing RightsOct 10 (Reuters) - Coherent (COHR.N), a major U.S. supplier of materials used to make chips for the automotive industry, said on Tuesday Japan's Denso (6902.T) and Mitsubishi Electric (6503.T) will invest $1 billion in the company's silicon carbide business. Denso and Mitsubishi Electric will invest $500 million each in exchange for a 12.5% non-controlling ownership interest in Coherent's unit, as per the agreement. The investment would alleviate the financial burden for Coherent, which had explored strategic review of its silicon carbide business in May. Chips made with silicon carbide are used in applications that require massive quantity of power conversion such as inverters and drivetrains in electric vehicles.

Persons: Toru Hanai, Denso, Takemi, Priyamvada, Sherry Jacob, Phillips Organizations: Mitsubishi Electric Corp, Advanced Technologies, Makuhari, REUTERS, Mitsubishi Electric, Mitsubishi, Reuters, Hitachi Ltd, Sumitomo Electric Industries Inc, Thomson Locations: JAPAN, Chiba, Japan, U.S, Pittsburgh , Pennsylvania, Bengaluru

☆ US restricts trade with 42 Chinese entities over support for Russia's military
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over their support for Moscow's military and defense industrial base - support that includes the supply of U.S.-origin integrated circuits. Another seven entities from Finland, Germany, India, Turkey, United Arab Emirates and the United Kingdom were also added to the trade export control list. The circuits include microelectronics that Russia uses for precision guidance systems in missiles and drones launched against civilian targets in Ukraine, the Commerce Department said in a statement. "The United States should immediately correct its wrong practices and stop its unreasonable suppression of Chinese companies," China's Ministry of Commerce said in a statement. Suppliers must then be granted generally hard-to-get licenses before shipping goods to entities on the list.

Persons: Janet Yellen, Mark Schiefelbein, Export Enforcement Matthew Axelrod, David Shepardson, Karen Freifeld, Mike Stone, Susan Heavey, Andrea Ricci, Edwina Gibbs Organizations: Rights, U.S . Commerce Department, United Arab Emirates, Commerce Department, U.S, Export Enforcement, Ministry of Commerce, Washington, Thomson Locations: United States, Diaoyutai, Beijing, China, U.S, Finland, Germany, India, Turkey, United Arab, United Kingdom, Russia, Ukraine, Russian

☆ US restricts trade with 42 Chinese entities over Russia military support
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Mark Schiefelbein/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 6 (Reuters) - The U.S. Commerce Department on Friday added 42 Chinese companies to a government export control list over support for Moscow's military and defense industrial base, including supplying the Russian sector U.S.-origin integrated circuits. Another seven entities from Finland, Germany, India, Turkey, United Arab Emirates and the United Kingdom were also added to the trade export control list. Entity List when Washington deems them a threat to U.S. national security or foreign policy. Suppliers must then be granted generally hard-to-get licenses before shipping goods to entities on the list. The Chinese embassy in Washington did not immediately respond to a request for comment.

Persons: Janet Yellen, Mark Schiefelbein, Export Enforcement Matthew Axelrod, David Shepardson, Karen Freifeld, Mike Stone, Susan Heavey, Andrea Ricci Organizations: Rights, U.S . Commerce Department, United Arab Emirates, Commerce Department, U.S, Export Enforcement, Washington, Thomson Locations: United States, Diaoyutai, Beijing, China, U.S, Finland, Germany, India, Turkey, United Arab, United Kingdom, Russia, Ukraine, Russian, Washington

☆ Hyundai and Kia warn of potential fires in 3.3 million vehicles
▼ + stars: | 2023-09-27 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

The recall covers 1.64 million Hyundai models including 2012 through 2015 Hyundai Accents, 2011 through 2015 Elantras and 2011-2015 Genesis coupes. Hyundai and Kia are both part of the Hyundai Motor Group and their vehicles frequently share engineering. Kia and Hyundai owners are being advised to check NHTSA’s website to see if their specific vehicle is involved in this, or any, recalls. In 2022, owners of 500,000 Kia and Hyundai vehicles were also warned to park outside because a problem with anti-lock brake control electronics. In 2020, Kia recalled 295,000 vehicles because they could catch fire while driving because of fuel leaks.

Persons: they’re, Kia, Elantras, Sorentos Organizations: CNN, Hyundai, Kia, National, Traffic Safety Administration, NHTSA, Hyundai Motor Group Locations: United States

☆ India welcomes MotoGP: Monsoon rains, Bollywood superstars and a mystery monkey
▼ + stars: | 2023-09-27 | by ( Jonathan Hawkins | ) edition.cnn.com time to read: +13 min

First-placed Bezzecchi (C), second-placed Prima Pramac Racing's Spanish rider Jorge Martin (L) and third-placed Monster Energy Yamaha's French rider Fabio Quartararo pose on the podium after the Indian MotoGP Grand Prix. Last year Poncharal says he bumped into Dorna CEO Carmelo Ezpeleta, who told him about the potential interest in an Indian MotoGP Grand Prix. As at the G20, the MotoGP race branding also featured the name ‘Bharat,’ rather than India. Bezzecchi is third overall in the championship, 44 points behind Bagnaia after the Indian Grand Prix. “It has been an incredible experience and success for MotoGP to be in India for the first time,” said Ezpeleta.

Persons: India CNN —, Jorge Martin, Fabio Quartararo, Money Sharma, Pramac, Hervé Poncharal, Poncharal, Carmelo Ezpeleta, Prakash Singh, we’ve, Ikjot Singh Bhasin, ” Paolo Ciabatti, “, ” Ciabatti, it’s, ” Poncharal, Herve Poncharal, Jonathan Hawkins, Tissot, Bharat, Marco Bezzecchi, ”, Marc Marquez, Martin, ” Martin, I’m, ” KTM's Jack Miller, Jack Miller, ” Miller, there’s, ” Sebastian Vettel, Andrew Hone, “ I’m, –, Repsol, Suresh Raina, SHARMA, Pecco Bagnaia, Marquez –, Ranveer Singh, Yuvraj Singh, Shikhar Dhawan, Yogi Adityanath, Bezzecchi, Bagnaia, appreciatively, Yamaha’s Frenchman, ” Ikjot Singh Bhasin, don’t Organizations: India CNN, India CNN — Briefly, Buddh, Circuit, Formula One, Pramac, Energy, Getty, Racing, Prix, CNN Sport, Ducati Lenovo, Buddh Circuit, MotoGP, CNN, Ducati, YouTube, Honda, Sprint, Financial Times, Manufacturers, KTM, Husqvarna, Indian, One, India MotoGP Bharat Locations: Noida, Uttar Pradesh, India, New Delhi, East, Asia, South America, Kazakhstan, Delhi, Greater Noida, AFP, Yamaha’s, “

☆ Michael Jordan’s ultra-private, ultra-exclusive personal golf course: The Grove XXIII
▼ + stars: | 2023-09-22 | by ( Jack Bantock | ) edition.cnn.com time to read: +11 min

Even as he was staking his claim in the 1990s as the greatest player the NBA has ever seen, the Bulls icon was a regular guest on the golf course. Bobby Weed Golf Design“Slaughterhouse 23”Weed had his two pillars for a great golf course — an engaged owner and a good piece of property, though the latter would require some polishing. Bobby Weed Golf DesignThe course didn’t just need to suit the playstyle of its owner, though, it needed to enhance it. Bobby Weed Golf DesignTaking a swingCompared to Bobby Weed Golf Design, Nichols Architects had considerably less experience in golf courses, but it did have one key advantage in its efforts to beat other bids to build The Grove XXIII’s clubhouse. “That’s like the ultimate compliment … to have his own golf course and to shape and mold that golf course for him and his friends, it’s just where he wants to be.

Persons: CNN —, Michael Jordan cherishes, it’s, Nichols, Mike Butler, Bobby Weed, Pete Dye, Hobe, Tiger Woods, Cliff Hawkins, Jordan, “, ” Weed, Weed, Jacob Kupferman, didn’t, Championships Jordan, ” “, Rickie Fowler, ”, Yvette Prieto, “ You’re, Igor Reyes, “ You’ve, ” Reyes, Nichols Architects Reyes, Jordan’s, ’ ” Nichols, Jimmy Walker, Reyes, it’s ‘, ‘, Grove, …, He’s Organizations: CNN, NBA, Bulls, Nichols Architects, PGA, Tiger, PGA Tour, Forbes, Augusta National, Championships, Nike, Adidas, Woods, ’ ” Nichols Architects, Air Locations: Chicago, Hobe Sound, Florida, Grove, Stillwater , Minnesota, Mito, Japan, Jordan, Ridge, Ponte Vedra, Pine Valley, ” Jordan, Miami, Weed

The investment would alleviate the financial burden for Coherent, which has said it will invest $1 billion over the next 10 years to expand its production of silicon carbide wafers, which help boost the range of electric vehicles more than chips made with traditional silicon. Denso Corp (6902.T), Hitachi Ltd (6501.T), Mitsubishi Electric Corp (6503.T) and Sumitomo Electric Industries Inc (5802.T) have held discussions about taking a minority stake in Coherent's silicon carbide business, the source said. Coherent may accept more than one of these companies as investors in the silicon carbide division at a valuation of between $4 billion and $5 billion, the source added, requesting anonymity because the matter is confidential. Coherent, which said in May it would explore options for its silicon carbide business, declined to comment. Chips made with silicon carbide are used in applications that require huge amounts of power conversion, such as inverters and drivetrains in electric vehicles.

Persons: Chips, Milana Vinn, Andrea Ricci Organizations: Denso Corp, Hitachi Ltd, Mitsubishi Electric Corp, Sumitomo Electric Industries Inc, Thomson Locations: U.S, Pittsburgh , Pennsylvania, China, New York

☆ Mark Zuckerberg and Priscilla Chan announced they're building a computing system to help eliminate human disease by 2100, but costs may be hefty
▼ + stars: | 2023-09-22 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Priscilla Chan and husband Mark Zuckerberg announced plans to eradicate human disease by 2100. One researcher's excited by the potential, but said it'll likely take lots of time and money to complete. The data could be used to make new discoveries that completely eliminate human disease, Chan and Zuckerberg said in a statement. The Chan Zuckerberg Initiative, the couple's LLC, told The Register that they plan to have their product running by 2024. "AlphaFold has sparked a wave of innovation by showing people what's possible," Chris Bahl, the chief scientist at AI Proteins, previously told Insider.

Persons: Priscilla Chan, Mark Zuckerberg, it'll, Chan, Zuckerberg, I'm, Anne Carpenter, Carpenter, Chan Zuckerberg, CZI, Forbes, AlphaFold, Chris Bahl, Jeff MacGregor Organizations: Service, Broad Institute of Harvard, MIT, Chan Zuckerberg Initiative, San, Engadget Locations: Wall, Silicon, San Francisco

☆ 'Incredibly compelling': The pros love small-cap stocks right now. Here are their top picks
▼ + stars: | 2023-09-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Matt Orton, chief market strategist at Raymond James Investment Management, was the latest to urge investors to "strategically add" to small-cap stocks right now. Tom Ognar, senior portfolio manager at Allspring Global Investments, said small- and mid-cap stocks look the "most incrementally interesting" among growth stocks. "We're very attuned to the valuation discounts currently being afforded to small- and mid-cap stocks after protracted periods of underperformance relative to large-cap stocks," he said. It screened for the best small-cap stocks to play an economic recovery. RBC Capital Markets also released, in a September note, an updated list of what it called "high conviction" U.S. small-cap growth recommendations.

Persons: Matt Orton, Russell, CNBC's, Orton, Tom Ognar, Ognar, CNBC'S, Valvoline, it's, — CNBC's Michael Bloom Organizations: Raymond James Investment Management, Allspring Global Investments, . Bank of America, Microsystems, Technologies, RBC Capital Markets, Automotive, RBC, Clearwater Analytics, Clearwater, Xenon Pharmaceuticals

☆ Lewis Hamilton criticizes ‘completely unacceptable’ comments from Red Bull’s Helmut Marko about Sergio Pérez
▼ + stars: | 2023-09-15 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

The 80-year-old Austrian later apologized for his remarks, and Pérez, speaking ahead of this weekend’s Singapore Grand Prix, said that he had also received a personal apology. “It’s completely unacceptable what he said,” Mercedes driver Hamilton, who has long spoken out against racial discrimination in Formula One, told Sky Sports when asked about Marko’s comments. “I think it just highlights firstly the work that still needs to be done. When you have a personal relationship with someone, I think it’s a feeling you’re going to have.”CNN has contacted Red Bull for comment. Verstappen is aiming to win a record-extending 11th consecutive race in Singapore on Sunday, though he said this week that he doesn’t think Red Bull is as competitive on street circuits compared to other tracks.

Persons: CNN — Lewis Hamilton, Red Bull, Helmut Marko, Sergio Pérez, Marko, Max, Sebastian, Vettel, “ It’s, ” Mercedes, Hamilton, ” Marko, Francois Nel, “, Pérez, Verstappen, ” Organizations: CNN, Red, Reuters, Sky Sports, Belgian, Prix Locations: American, Austrian, Singapore

☆ Bumpy, hot and dusty: McLaren's Lando Norris on F1 in Singapore
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBumpy, hot and dusty: McLaren's Lando Norris on F1 in SingaporeSingapore is a "tough tack" to race in, says Lando Norris, McLaren's Formula One driver. He speaks about the challenges of racing in Singapore's street circuit. "street circuits are typically quite bumpy, easy to make mistakes," he tells CNBC's JP Ong ahead of the Singapore Grand Prix.

Persons: McLaren's Lando Norris, Lando Norris, McLaren's, CNBC's JP Ong Organizations: Singapore, Prix Locations: Singapore Singapore

The second person familiar with the plans confirmed the presence of several large U.S. chips companies, including Amkor, their Vietnamese partners, such as tech company FPT (FPT.HM), and Vietnamese and U.S. top officials, including Secretary of State Antony Blinken. Chip designing firm Marvell has said it plans to build a "world-class" centre in Vietnam. Vingroup (VIC.HM), Vietnam's largest conglomerate and the parent of Nasdaq-listed electric car maker VinFast , has a unit focussed on AI. Boeing may announce a deal involving the sale of 50 of its 737 MAX jets, people familiar with the matter told Reuters. Reporting by Francesco Guarascio @fraguarascio; additional reporting by Fanny Potkin; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Joe Biden, Leah Millis, Antony Blinken, Janet Yellen, Marvell, Francesco Guarascio @fraguarascio, Fanny Potkin, William Mallard Organizations: Warehouse Union, Pacific Maritime Association, White, REUTERS, Rights, Intel, Google, Marvell, Boeing, Reuters, Sunday, Samsung, Qualcomm, Nasdaq, Thomson Locations: Washington , U.S, Rights HANOI, U.S, Hanoi, Vietnam, China, Taiwan

☆ MotoGP's Trimby, head of team body IRTA, dies at 74
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

Sept 8 (Reuters) - MotoGP announced the death of Mike Trimby, a MotoGP paddock stalwart and founder and head of the race teams association IRTA, at the San Marino Grand Prix on Friday. The 74-year-old Briton, a former motorcycle racer, was hired by his fellow riders in 1982 to represent them and co-founded IRTA in 1986. "Mike was one of the most important figures in the history of motorcycle Grand Prix racing," MotoGP said in a statement at Misano. "His life, achievements and memory will be celebrated during the remainder of the San Marino Grand Prix as the paddock joins together to honour him." In March Trimby was awarded the Royal Automobile Club's Torrens Trophy for his outstanding contribution to UK motorcycling.

Persons: Mike Trimby, Irene, Mike, Trimby, Alan Baldwin, Ken Ferris Organizations: MotoGP, San Marino, San Marino Grand Prix, Royal Automobile, Thomson Locations: San Marino Grand, London

☆ China is reportedly spending big to boost its production of chips for AI and smartphones after the US cracked down on exports
▼ + stars: | 2023-09-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

China is planning a $41 billion fund to boost its semiconductor industry, per Reuters. AdvertisementAdvertisementChina is planning a huge state-backed fund to boost its production of semiconductors after the US cracked down on exporting chips to the country, Reuters reported. It will be launched by China's "Big Fund" — officially known as the China Integrated Circuit Industry Investment Fund. AdvertisementAdvertisementBut even before then, the US was clamping down on exporting semiconductors to China. A huge new state-backed fund would bolster that aim in the face of sanctions.

Persons: China's, —, they've, Xi Jinping Organizations: Morning, Reuters, China Integrated Circuit Industry Investment Fund, Semiconductors, Department of Commerce, Guardian Locations: China, Taiwan, Phoenix , Arizona

☆ Buy this 'prime beneficiary' of the AI arms race poised to navigate a difficult demand picture, UBS says
▼ + stars: | 2023-09-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

The artificial intelligence-fueled arms race is only just beginning, and UBS views Broadcom as well positioned to come out a winner. Analyst Timothy Arcuri reiterated his buy rating and $925 price target on shares after the company's fiscal third-quarter results, calling the semiconductor a "prime beneficiary" of the AI fight. Broadcom shares have surged 65% this year as investors go all in on AI. Looking ahead, Arcuri expects ongoing AI revenue growth into the 2024 fiscal year to help Broadcom move past persisting end market weakness and a difficult demand environment. AI revenue is expected to surpass 25% of semis revenue in the coming year.

Persons: Timothy Arcuri, Arcuri, America's Vivek Arya, Arya, — CNBC's Michael Bloom Organizations: UBS, Broadcom, Bank, America's, Nvidia, Arya, Bank of

☆ Analysts pick 4 high-performance semiconductor stocks to play the booming market
▼ + stars: | 2023-08-29 | by ( Lucy Handley | ) www.cnbc.com time to read: +2 min

Analysts at an Asian brokerage and investment group have picked four semiconductor stocks to play the "booming demand" for high-performance chips. "This old semiconductor migration locomotive still has steam in it yet, even amid the current industry downcycle, thanks to booming demand for high-performance chips," CLST analysts Jason Tsang and Cathy Hsu said in a research note dated Aug. 23. Semiconductors are used in products like tablets and smartphones, and the Covid-19 pandemic led to high demand for such goods, resulting in a shortage of some types of chips. Analysts expect it to take market share from fellow chip manufacturer KLA. "In addition to expanding shipment volumes, demand improvement, content growth, and value add should together drive a boom in the semiconductor equipment market," the analysts wrote.

Persons: Jason Tsang, Cathy Hsu, Hynix, — CNBC's Michael Bloom, Arjun Kharpal Organizations: Semiconductors, Samsung, Samsung Electronics, Nvidia, CLST, AMD, SK Hynix Locations: Taiwan

China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. China has previously said its overseas recruitment through the TTP aimed to build an innovation-driven economy and promote talent mobility, while respecting intellectual property rights, according to the state-run Xinhua news agency. It said that anyone who recommends a candidate who is then selected for the talent programs would receive "diamonds, bags, cars, and houses". In some cases, these people said, those experts will be offered roles at Chinese chip companies' overseas operations. ($1 = 7.1475 Chinese yuan renminbi)Reporting by Julie Zhu, Fanny Potkin, Eduardo Baptista and Michael Martina; editing by David CrawshawOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Xi Jinping, Qiming, Dean Boyd, Nick Marro, Chen Biaohua, Chen, Ma Yuanxiao, Dawei Di, Di, Zhuji, Julie Zhu, Fanny Potkin, Eduardo Baptista, Michael Martina, David Crawshaw Organizations: REUTERS, Washington, Reuters, China, Ministry of Industry, Information Technology, U.S . Commerce Department, Xinhua, Ministry of Science, Technology, U.S, government's National Counterintelligence and Security Center, Economist Intelligence, China Center for Information Industry Development, China Semiconductor Industry Association, Qiming, Massachusetts Institute of Technology, Harvard, Stanford, HK, LinkedIn, Hangzhou Juqi Technology, Fortune, Beijing Institute of Technology, BIT's School of Integrated Circuits, Electronics, Britain's University of Nottingham, University of Hong, BIT, Communist Party's Organization Department, Zhejiang University, Communist Party, Thomson Locations: China, HONG KONG, SINGAPORE, WASHINGTON, U.S, China's, Qiming, Beijing, Hangzhou, ResearchGate, University of Hong Kong, Ma, Zhejiang, Wenzhou, Cambridge

☆ US warns space companies about foreign spying
▼ + stars: | 2023-08-18 | by ( Michael Martina | ) www.reuters.com time to read: +2 min

"We anticipate growing threats to this burgeoning sector of the U.S. economy," a U.S. counterintelligence official told Reuters, adding that "China and Russia are among the leading foreign intelligence threats to the U.S. space industry." The document warned companies to be on guard for facility visit requests, and attempts to gather confidential information at conferences. U.S. authorities have for years said Chinese hackers are targeting U.S. space know-how, including having accessed computers at the NASA Goddard Space Center and Jet Propulsion Laboratory, as well as numerous companies involved in aviation, space and satellite technology. China says its space program is for peaceful purposes, but U.S. military officials say Beijing sees space as crucial to its military strategy. The U.S. warned this year that China seeks to match or surpass it as a leader in space by 2045.

Persons: Tom Brenner, Tao Li, Michael Martina, Don Durfee, Jamie Freed Organizations: Federal Bureau of, REUTERS, Rights, Reuters, Federal Bureau of Investigation, National Counterintelligence and Security, Air Force Office, Special Investigations, NASA Goddard Space Center, Jet Propulsion Laboratory, Thomson Locations: Washington , U.S, U.S, China, Russia, Washington, Beijing

☆ Focus: Colombia's potential renewables boom short circuits on Indigenous resistance
▼ + stars: | 2023-08-15 | by ( Nelson Bocanegra | ) www.reuters.com time to read: +7 min

Solar photovoltaic array is seen at a solar power field of the company Celsia, in Yumbo, Colombia, February 6, 2019. Joanna Barney, a researcher at non-governmental organization Indepaz said she was aware of the deaths associated with conflicts over renewables projects. Renewables - even if ostensibly more environmentally-friendly - are facing hurdles similar to those confronted by oil and mining companies, long Colombia's top sources of income. Wind and solar provide less than 1% - about 300 megawatts - of Colombia's current energy generation. "The projects aren't operating and it doesn't seem like they will start in the next two years," said Alejandro Lucio of Optima Consultores, which advises renewables companies.

Persons: Julia Symmes Cobb, Gustavo Petro, Italy's, Petro, Jose Silva, Silva, Enel, Colombia Erik Hoeg, Hoeg, Joanna Barney, Indepaz, Alexandra Hernandez, Alejandro Lucio, Optima, Nelson Bocanegra, Christian Plumb Organizations: REUTERS, University of La, EDP Renewables, Brookfield Asset Management, AES, El, Nacion, Reuters, Renewables, Colombian Renewable Energy Association, Thomson Locations: Yumbo, Colombia, BOGOTA, Colombia's La Guajira, Guajira, University of La Guajira, Energi, Brookfield, La Guajira, Colombia's, Europe, Chile, Mexico

☆ What Biden's executive order means for U.S. investors in China
▼ + stars: | 2023-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

Chris Hondros | Getty Images News | Getty ImagesBEIJING — The Biden administration's long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented. "The executive order obviously gives an outline of what the program's scope is going to be like," said Brian P. Curran, a partner, global regulatory at law firm Hogan Lovells in Washington, D.C. "It's not even a proposed rule. U.S. President Joe Biden on Wednesday signed an executive order aimed at restricting U.S. investments into Chinese semiconductor, quantum computing and artificial intelligence companies over national security concerns. This week's announcements don't explicitly prohibit U.S. investments into Chinese businesses, but the documents indicate what policymakers are focused on. But the Treasury said it may request information about transactions completed or agreed to since the issuance of the executive order.

Persons: Goldman Sachs, Chris Hondros, Biden, Brian P, Curran, Hogan Lovells, It's, Joe Biden, Janet Yellen, Winston Ma, what's, We've, Anne Salladin, Jonathan Levy, Pitchbook Organizations: U.S, Getty, Wednesday, Treasury Department, NYU Law, CIC, Treasury, University, Bank, Global, University of Chicago, China VC, China Locations: New York, BEIJING, Washington ,, China, U.S, Greenfield, United States, Pitchbook

A central processing unit (CPU) semiconductor chip is displayed among flags of China and U.S., in this illustration picture taken February 17, 2023. Following are some key details:'COUNTRIES OF CONCERN'The order lays out plans to regulate investments in certain "countries of concern," with a separate annex naming China, Hong Kong and Macau as initial targets. The outbound investment program would require notification of many investments while prohibiting only a few. It was considering requiring notification for investments in firms working on the design, fabrication, and packaging of less advanced integrated circuits. U.S. investments in Chinese production of quantum computers, development of certain quantum sensors, and quantum networking and communication systems could also be banned.

Persons: Florence Lo, Joe Biden, Janet Yellen, Andrea Shalal, Karen Freifeld, David Shepardson, Jonathan Oatis, Matthew Lewis Organizations: REUTERS, Wednesday, U.S . Treasury Department, Reuters, China, United, Treasury, European Union, Thomson Locations: China, U.S, Hong Kong, Macau, United States, Beijing, Washington, Britain, New York

Search resuls for: "Circuits"

25 mentions found