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☆ Shares of Apple suppliers fall on reports of China iPhone curbs
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Taiwan's TSMC (2330.TW), the world's largest contract chipmaker and a major Apple supplier, dropped about 0.7%, outpacing a fall of about 0.3% in the benchmark index (.TWII). China could well expand its curbs on officials' use of iPhones, said Allen Huang, executive director of Mega International Investment Services Corp in Taipei. In China, Luxshare Precision Industry (002475.SZ), maker of connector cables for the iPhone and MacBook as well as AirPods, which also owns factories capable of making iPhones, fell 1.5%. Japanese chip equipment maker Tokyo Electron (8035.T) dropped 4% on Friday. Nearly a fifth of Apple's revenue is generated in China, where thousands of workers are employed by the company and its suppliers.

Persons: Ann Wang, Taiwan's TSMC, Allen Huang, Huang, Tim Cook, Ben Blanchard, Jeanny Kao, Brenda Goh, Sam Nussey, Edmund Klamann, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Apple, company's, Staff, Reuters, ASE Technology, Co, Largan, Mega International Investment Services Corp, Huawei Technologies, Luxshare Precision Industry, Huawei, Tokyo, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, China, outpacing, Taipei, iPhones, Beijing, Shanghai, Tokyo

☆ Stocks stumble as 'dollar juggernaut' on a roll
▼ + stars: | 2023-09-08 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

Passersby are reflected on an electric stock quotation board outside a brokerage in Tokyo, Japan April 18, 2023. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.2% in early trade and is down 1.4% for the week. "China’s partial ban on Apple products put trade wars and U.S.-China decoupling back on the agenda," said Capital.com analyst Kyle Rodda. U.S. suppliers' shares had fallen overnight and helped drag the S&P 500 (.SPX) 0.3% lower and the Nasdaq (.IXIC) down by 0.9%. The Australian dollar is down more than 1% on the week and traded at $0.6384 on Friday.

Persons: Issei Kato, TSMC, Kyle Rodda, Masato Kanda, Hirokazy Matsuno, Brent, Heekyong Yang, Shri Navaratnam Organizations: REUTERS, Rights, Japan's Nikkei, South Korea's SK Hynix, Huawei Technologies, Tokyo, Apple, Nasdaq, ANZ Bank, European Central Bank, Treasury, Brent, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, U.S, Asia, Pacific, Hong Kong, China, South Korea's, Europe, Seoul

☆ Japan launches X-ray satellite, ‘Moon Sniper’ lunar lander
▼ + stars: | 2023-09-06 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —A revolutionary satellite that will reveal celestial objects in a new light and the “Moon Sniper” lunar lander lifted off Wednesday night. The XRISM satellite (pronounced “crism”), also called the X-Ray Imaging and Spectroscopy Mission, is a joint mission between JAXA and NASA, along with participation from the European Space Agency and Canadian Space Agency. NASA Goddard Space Flight CenterAlong for the ride is JAXA’s SLIM, or Smart Lander for Investigating Moon. Previously, Japanese company Ispace’s Hakuto-R lunar lander fell 3 miles (4.8 kilometers) before crashing into the moon during a landing attempt in April. If SLIM is successful, JAXA contends, it will transform missions from “landing where we can to landing where we want.”

Persons: Ray, SLIM, Smart Lander, ”, Richard Kelley, James Webb, XRISM, Taylor Mickal, ” Kelley, “, Xtend, Brian Williams, NASA’s, Goddard, Ispace’s Organizations: CNN, Japanese Space Agency, YouTube, Ray Imaging, JAXA, NASA, European Space Agency, Canadian Space Agency, NASA Goddard Space Flight, Goddard Space Flight, Space Center, Soviet Locations: Japan, Greenbelt , Maryland, XRISM, United States, Soviet Union, China, India

☆ Japan’s X-ray satellite, ‘Moon Sniper’ lunar lander are ready to launch
▼ + stars: | 2023-08-27 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

CNN —A revolutionary satellite that will reveal celestial objects in a new light and the “Moon Sniper” lunar lander are expected to lift off Sunday night. The XRISM satellite (pronounced “crism”), also called the X-Ray Imaging and Spectroscopy Mission, is a joint mission between JAXA and NASA, along with participation from the European Space Agency and Canadian Space Agency. Along for the ride is JAXA’s SLIM, or Smart Lander for Investigating Moon. Previously, Japanese company Ispace’s Hakuto-R lunar lander fell 3 miles (4.8 kilometers) before crashing into the moon during a landing attempt in April. If SLIM is successful, JAXA contends, it will transform missions from “landing where we can to landing where we want.”

Persons: Ray, SLIM, Smart Lander, ”, Richard Kelley, James Webb, XRISM, Taylor Mickal, ” Kelley, “, Xtend, Brian Williams, NASA’s, Goddard, Ispace’s Organizations: CNN, Japan Aerospace Exploration Agency, YouTube, Ray Imaging, JAXA, NASA, European Space Agency, Canadian Space Agency, Goddard Space Flight, NASA Goddard Space Flight, Space Center, Soviet Locations: Japan, Greenbelt , Maryland, United States, Soviet Union, China, India

☆ Opinion | Winners and Losers of the First Republican Debate
▼ + stars: | 2023-08-24 | by ( ) www.nytimes.com time to read: +22 min

Welcome to Opinion’s commentary for the first Republican presidential primary candidate debate, held in Milwaukee on Wednesday night. Gail Collins: She seemed generally reasonable and wow, when the debate turned to education and she actually brought up reading. If there’s any life left in the old G.O.P., Haley gave it hope. Perhaps more important, in taking on the glib and callow Ramaswamy on Ukraine, she showed anger and dominance, essential qualities in a Republican debate. Any debate that doesn’t feature Chris Christie at the front of the highlight reel is a bad night for Christie.

Persons: Jamelle, Nikki Haley, Haley, Gail Collins, Matthew Continetti, G.O.P, Michelle Cottle, —, Trump —, Ramaswamy, suburbanites, Ross Douthat, David French, Reagan, Michelle Goldberg, callow Ramaswamy, Amy Klobuchar, Pete Buttigieg, Katherine Mangu, Christie, “ Trump, “ Donald Trump, Daniel McCarthy, Vivek, Bret Stephens, Mike Pence’s, Mike Pence, Pence, Mike, Vivek ”, Vivek Ramaswamy, Trump, ”, he’ll, Jesus, Ramaswamy —, ChatGPT —, you’ve, Marco Rubio, Chris Christie, He’s, Joe Biden, Martha MacCallum, Ron DeSantis, Hunter Biden, DeSantis, Donald Trump, MAGA, pander, smartly, Sharp, Biden, refighting, Ron, Hutchinson, clearheaded, Still, Scott, Tim Scott, Meh, ” Daniel McCarthy, Pleasant, Donald Trump’s, wasn’t, I’d, Ramaswamy’s, callow, I’m, insufferable, Preening, Doug Burgum, Achilles, Burgum, he’s, Asa Hutchinson, Trump’s, Asa Hutchinson didn’t, didn’t Organizations: Republican, Republican Party, Trump, Ramaswamy, Pence, Pious, Trump Republicans, MSNBC, Fox, Department of Justice, United Nations, Energy, Department of Education, Republicans Locations: Milwaukee, Iowa, New Hampshire, Ukraine, America, Mexico, Florida, Covid, China, MAGA, Arkansas

☆ AI fears overblown? Theoretical physicist calls chatbots ‘glorified tape recorders’
▼ + stars: | 2023-08-13 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

New York CNN —The public’s anxiety over new AI technology is misguided, according to theoretical physicist Michio Kaku. “Mother Nature computes on electrons, electron waves, waves that create molecules. Quantum computing is an emerging technology utilizing the various states of particles like electrons to vastly increase a computer’s processing power. Instead of using computer chips with two states, quantum computers use various states of vibrating waves. We’re powerless to cure these diseases because we have to learn the language of nature, which is the language of molecules and quantum electrons.”

Persons: Michio Kaku, CNN’s Fareed Zakaria, ”, ’, chatbots, ChatGPT, Gabby Jones, ” Kaku, we’re, Kaku Organizations: New, New York CNN, Darktrace Plc, Bloomberg, – IBM, IBM, Microsoft, Google Locations: New York, Brooklyn, British

☆ Canada's Telesat says MDA to build 198 satellites, shares soar
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationAug 11 (Reuters) - Satellite operator Telesat (TSAT.TO), has given space tech firm MDA (MDA.TO) a C$2.1 billion ($1.56 billion) contract to build 198 satellites for its low-earth orbit program. Telesat said it had earmarked $3.5 billion as capital expenditure for the Lightspeed project and that the MDA deal had helped it save $2 billion. The technology would also allow each satellite to be slightly smaller than the ones Telesat was previously considering. Telesat's Lightspeed network is designed to serve the connectivity requirements of enterprise and government users, with highly secure, resilient, low-latency broadband connectivity anywhere in the world. The company launched its first LEO 3 demonstration satellite aboard Rocket Lab's Electron rocket in July.

Persons: Dado Ruvic, Telesat, Samrhitha, Denny Thomas, Savio D'Souza, Shounak Organizations: REUTERS, MDA, Canadian, Lightspeed, Revenue, Thomson Locations: Bengaluru, Toronto

☆ The odd behavior of a subatomic particle may shake up physics
▼ + stars: | 2023-08-10 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

An experiment studied the wobble of subatomic particles called muons as they traveled through a magnetic field. Fermi National Accelerator Laboratory/Ryan... Read moreWASHINGTON, Aug 10 (Reuters) - The peculiar wobble of a subatomic particle called a muon in a U.S. laboratory experiment is making scientists increasingly suspect they are missing something in their understanding of physics - perhaps some unknown particle or force. The experiment studied the wobble of muons as they traveled through a magnetic field. Casey was alluding to a principle called Lorentz invariance that holds that the laws of physics are the same everywhere. The researchers shot beams of muons into a donut-shaped superconducting magnetic storage ring measuring 50 feet (15 meters) in diameter.

Persons: Ryan, Read, Brendan Casey, Casey, Rebecca Chislett, Chislett, Will Dunham, Rosalba O'Brien Organizations: . Department, Energy's Fermi, Accelerator Laboratory, Fermi, Accelerator, U.S . Energy, Fermilab, " University College London, Thomson Locations: Batavia , Illinois, U.S, WASHINGTON

☆ Wall Street praises Rocket Lab's performance and sees stock climbing: 'Yet another strong quarter'
▼ + stars: | 2023-08-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Wall Street was largely effusive about Rocket Lab's execution and growth, as analysts reacted to the space company's second-quarter results from Tuesday. Rocket Lab stock slid about 4% in early trading on Wednesday, after rising as much as 10% in premarket, from its previous close at $6.66 a share. Here's what analysts had to say about Rocket Lab's performance. Morgan Stanley — Overweight, $10 price target The firm's Kristine Liwag believes Rocket Lab stock "still has room to run" despite climbing about 70% so far this year. Roth Capital – Buy, $10 price target Analyst Suji Desilva also emphasized Rocket Lab's "steady launch execution" and expansion toward becoming an "end-to-end vendor" in the space market.

Persons: Ron Epstein, Epstein, Edison Yu, Morgan Stanley —, Kristine Liwag, Liwag, Stifel, Erik Rasmussen, Rasmussen, Roth, Suji Desilva, Jason Gursky, Gursky, Michael Bloom Organizations: Rocket, Bank of America, Deutsche, Citi Locations: premarket, U.S

☆ Rocket Lab results match Wall Street estimates, company adds contracts for 10 launches
▼ + stars: | 2023-08-08 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street's expectations, and the company said it added contracts for 10 more launches in 2023 and 2024. Revenue grew 12% year over year in the second quarter to $62 million, versus $61.8 million expected by analysts surveyed by Refinitiv. Rocket Lab's launch business saw $22.5 million in revenue in the second quarter, while its space systems unit brought in $39.6 million. For the third quarter, Rocket Lab expects revenue to grow to between $73 million and $77 million. Beck told CNBC that Archimedes features "new manufacturing technologies" that Rocket Lab "hasn't really disclosed in any great detail."

Persons: Peter Beck, Adam Spice, Spice, Beck Organizations: Refinitiv, Revenue, Rocket, Lab, CNBC Locations: Virginia

☆ The work that Oppenheimer would've been known for if he hadn't gone on to make the atomic bomb
▼ + stars: | 2023-08-04 | by ( Aaron W. Harrison | The Conversation | ) www.businessinsider.com time to read: +6 min

While Oppenheimer will always be recognized as the father of the atomic bomb, his early contributions to quantum mechanics form the bedrock of modern quantum chemistry. The Born-Oppenheimer approximation offers a way to simplify the complex problem of describing molecules at the atomic level. This field, known as computational quantum chemistry, has grown exponentially with the widespread availability of faster, more powerful high-end computational resources. Nevertheless, the application of quantum chemistry made possible by the Born-Oppenheimer approximation will continue to expand and improve. In the future, a new era of quantum computers could make computational quantum chemistry even more robust by performing faster computations on increasingly large molecular systems.

Persons: Robert Oppenheimer, Oppenheimer, J, Robert Oppenheimer's, Werner Heisenberg, Ernest Lawrence, Max Born, ₂ Organizations: Service Locations: United States, Wall, Silicon

There's no need to identify the country, all you need to do is control the item," a Japanese industry ministry official told Reuters. Two of them, deposition machinery maker Kokusai Electric and Japan's leading chip tool maker Tokyo Electron (8035.T), said they expect Japan's controls to have a limited business impact. COORDINATIONDovetailing Japan's controls with those of the U.S. and the Netherlands will require close coordination. He has met with Japanese trade officials and believes Tokyo is committed to curbing certain exports. Tokyo remains worried that targeting China will provoke damaging retaliation, such as a ban on Japanese electric cars, a third Japanese industry official said.

Persons: Emily Benson, Kevin Wolf, Jim Lewis, Lewis, Joe Biden's administrationis, Tim Kelly Karen Freifeld, Kentaro Sugiyama, Toby Sterling, Yoshifumi, Lincoln Organizations: TOKYO, Reuters, Center, Strategic, International Studies, Tokyo, Advantest Corp, Nikon Corp, Canon Inc, Screen Holdings, U.S . State Department and Commerce Department, Center for Strategic, U.S, U.S . Commerce Department, Thomson Locations: Tokyo, Beijing, Japan, U.S, China, backdown, Washington, Netherlands, Amsterdam

☆ Oppenheimer never won a Nobel Prize, but these 31 scientists with ties to the Manhattan Project did
▼ + stars: | 2023-07-24 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +26 min

Manhattan Project: After a harrowing escape from Nazi-occupied Denmark in 1943, Bohr began consulting on the Manhattan Project. Manhattan Project: Between 1943 and 1944, Muller was a civilian advisor for the Manhattan Project, consulting on experiments studying the effects of radiation. Maria Goeppert Mayer, Nobel Prize in Physics, 1963Maria Goeppert Mayer worked on the Manhattan Project and later won the Nobel Prize in physics. Manhattan Project: Working as an assistant to his father, Niels Bohr, Aage Bohr proved instrumental in interpreting for some members of the Manhattan Project. Manhattan Project: At 18, Glauber was still a student at Harvard when he became one of the youngest scientists to join the Manhattan Project.

Persons: Robert Oppenheimer, Alfred Nobel, Joseph Rotblat, Albert Einstein, Christopher Nolan's, Oppenheimer, Niels Bohr, Bohr, Nicholas Baker, Nick, James Franck, Boyer, Roger Viollet, Gustav Ludwig Hertz, Niels Bohr's, Franck, Arthur Compton, Imagno, Compton, Harold Urey, Harold, Urey, James Chadwick, Chadwick, Enrico Fermi, Fermi, Ernest Lawrence, Lawrence, Isidor Isaac Rabi, Nancy R, Schiff, Rabi, Hermann Muller, Muller, Edwin McMillan, Bettmann, Glenn Seaborg, McMillan, Elsie McMillan, Seaborg, Felix Bloch, Edward Purcell, Nobel, Hans Bethe, Bloch, Purcell, Emilio Segrè, Owen Chamberlain, Chamberlain, Segrè, Willard Libby, Leona Libby, Lowell, Libby, Linus Pauling, Leona Woods Marshall Libby, Eugene Wigner, Wigner, Leo Szilard's, Einstein, Franklin D, Roosevelt, Maria Goeppert Mayer, J, Hans Jensen, Goeppert Mayer, Teller, Richard Feynman, Tomonaga, Julian Schwinger, Fenynman, Hans Bethe's, Feynmwan, Feynman, Schwinger, Robert Mulliken, Mulliken, Szilard, Hans A, Bethe, Luis Alvarez, Alvarez, Enola Gay, Walter Alvarez, James Rainwater, Aage Bohr, Ben Mottelson, Rainwater, Wu, Aage Niels Bohr, Mottelson, mumbled, Val Fitch, James Cronin, Fitch, Jerome Karle, Isabelle, Larry Morris, Herbert Hauptman, Karle, Isabella Karle, Norman Ramsey, Ellie Welch, Ramsey, Norman Ramsey's Nobel, David Cheskin, Rotblat, Russell, Bertrand Russell, Enstinen, Frederick Reines, Philippe Caron, Sygma, Reines, Roy Glauber, Gail Oskin, Glauber Organizations: Manhattan Project, Service, Manhattan, US Army, AP, Getty, University of Chicago's Metallurgical Laboratory, Chicago Met, Los Angeles Examiner, USC, Columbia, Keystone, Gamma, Columbia University, University of Chicago, Trinity Test, University of California, Lawrence Berkeley National Laboratory, Lawrence Livermore National Laboratory, Hulton, Trinity, Deutsch, Los Alamos, University of Chicago's Metallurgical, Atomic Energy Commission, Harvard University, MIT Rad Lab, Denver, Chicago Met Lab, Materials Laboratory, Los, Radiation Laboratory, MIT, University of Chicago's, Princeton University, Naval Research Lab, Washington, US Naval Research Laboratory, Science, World Affairs, Einstein, Los Alamos National Laboratory, Harvard, Institute for Locations: Wall, Silicon, Polish, Denmark, Copenhagen, Nazi, London , Washington, Los Alamos, German, Germany, Japan, Manhattan, British, France, Washington, DC, Berkeley, Ridge , Tennessee, Los, New Mexico, Hanford, antiprotons, Hiroshima, Lowell Georgia, San Diego, Chicago, Washington ,

☆ The world's top alien hunters explain why a Harvard physicist's discovery of 'alien' tech is likely a false alarm
▼ + stars: | 2023-07-22 | by ( Adam Barnes | ) www.businessinsider.com time to read: +6 min

Harvard physicist Avi Loeb announced the discovery of tiny "spherules" at the bottom of the Pacific. But three of the world's top experts on the search for aliens are skeptical the tech is from aliens. The fragments "could be a spacecraft from another civilization, or some technological gadget," Loeb told CBS News. This will constitute independent evidence for the interstellar origin of IM1 in addition to its measured speed," Loeb wrote. Loeb told Insider that, when ready, the team will publish their findings in a scientific paper that will be "shared openly and submitted for a peer-reviewed journal."

Persons: Avi Loeb, Loeb, Dan Werthimer, IM1, aren't, Douglas Vakoch, Vakoch, Monica Grady, Werthimier Organizations: Service, CBS, SETI Research, University of California, Messaging Extraterrestrial Intelligence, SETI, Center, Object, Sun, Space Command, NASA, DOD, The Open University, HMS Locations: Wall, Silicon, Berkeley, Papua New Guinea

☆ Self-healing metal? It's not just the stuff of science fiction
▼ + stars: | 2023-07-19 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Self-healing metal is still just science fiction, right? Metal fatigue can cause catastrophic failures in areas including aviation - jet engines, for instance - and infrastructure - bridges and other structures. It occurs at the nanoscale, and we have yet to be able to control the process," Boyce added. Scientists in the past have fashioned some self-healing materials, mostly plastics. Study co-author Michael Demkowicz, a Texas A&M University professor of materials science and engineering, predicted self-healing in metal a decade ago.

Persons: Ryan Schoell, Khalid Hattar, Dan Bufford, Chris Barr, Craig ., Read, Brad Boyce, Boyce, Michael Demkowicz, Demkowicz, Will Dunham, Rosalba O'Brien Organizations: government's Sandia National Laboratories, Sandia National Laboratories, M University, Thomson Locations: New Mexico, WASHINGTON, Texas

☆ Rocket Lab's stock has doubled this year — and Deutsche Bank sees it climbing even higher
▼ + stars: | 2023-07-19 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Rocket Lab's stock has been on a tear, more than doubling this year. Deutsche has a buy rating on Rocket Lab and a $10 price target that is nearly 28% above Tuesday's close of $7.83 a share. Rocket Lab's stock is up 107% year to date. Deutsche expects Rocket Lab's revenue and profitability to continue to climb, thanks to more launches by its Electron rocket. Additionally, Yu highlighted Rocket Lab's recent purchase of former Virgin Orbit assets — bought at an 80% discount in an auction.

Persons: Edison Yu, Yu, —, – CNBC's Michael Bloom Organizations: Deutsche Bank, Rocket, Deutsche, Space, Electron, Apple, SpaceX, United Launch Alliance, Virgin Orbit

☆ Forget the hype: Barclays identifies global 'A.I. winners' for the long term
▼ + stars: | 2023-07-10 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence-related services evolves. The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft , are currently seeing the immediate benefits of the AI hype. Still, over the long term, it said businesses in the service sector could cash in significantly. The companies in Barclays' "Global AI Winners" basket include Canada-headquartered Telus and France's Capgemini . The below table highlights non-U.S. stocks in Barclays' basket of AI stocks.

Persons: FactSet, Emmanuel Cau, Capgemini, Goldman Sachs Organizations: Barclays, Nvidia, Microsoft, Telus, France's, Tech, Companies, Tokyo Electron, SoftBank Group, SAP, UK's Sage Group, ASM Locations: Canada, U.S, Taiwan, Tokyo, Europe, Amsterdam

☆ Exclusive: US, Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( Karen Freifeld | ) www.reuters.com time to read: +4 min

ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process. Other companies that could be impacted by the new Dutch rules include atomic layer deposition firm ASM International.

Persons: Liu Pengyu, ASML, Karen Freifeld, Toby Sterling, Anna Driver, Stephen Coates Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon Corp, Tokyo Electron, U.S, SMIC, International, Thomson Locations: United States, Netherlands, U.S, China, Washington, Japan, ASML'S, Almere, Amsterdam

☆ U.S., Dutch set to hit China's chipmakers with one-two punch
▼ + stars: | 2023-06-29 | by ( ) www.cnbc.com time to read: +4 min

Japan, home to chip equipment makers Nikon and Tokyo Electron , has since adopted rules to restrict exports of 23 types of semiconductor manufacturing equipment that will take effect July 23. ASML said in March it expects the Dutch regulations to affect its TWINSCAN NXT:2000i and more sophisticated models. But the company's older DUV models, like one called the TWINSCAN NXT:1980Di, could also be kept from about six Chinese facilities by the U.S. The new Dutch regulations will not take effect immediately, sources said, with one person expecting the effective date to be September, two months after publication. ASML is Europe's largest chip equipment company due to its dominance in lithography, one of the central steps in the computer chip making process.

Persons: Mark Rutte, Joe Biden, Liu Pengyu, ASML Organizations: . Commerce Department, Lam Research, Materials, Embassy, Nikon, Tokyo, U.S, SMIC, International Locations: Netherlands, U.S, China, United States, Washington, Japan, ASML'S, Almere

☆ Asia shares subdued, yen shunned as euro shines
▼ + stars: | 2023-06-28 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

“The data indicated a firmer pace of residential, inventory, and equipment investment in the second quarter,” wrote analysts at Goldman Sachs. Markets imply a 90% probability of an ECB rate hike to 3.75% in July and a peak around 4.0%. That underpinned the euro at $1.0950, while keeping it near a 15-year peak of 157.97 yen. The dollar had hit a near eight-month top of 144.18 yen, before easing back to 143.96 as Japanese officials again protested against the yen’s weakness. Yet, a rally in the yen looks unlikely while the Bank of Japan maintains its super-easy monetary policy.

Persons: Kim Kyung, Jerome Powell, Christine Lagarde, Kazuo Ueda, ”, Advantest, Goldman Sachs, “, Masato Kanda, Ueda’s, Carol Kong, Brent firmed Organizations: SYDNEY, National Printing Bureau, Bank of Japan, REUTERS, European Central Bank, ECB, ANZ, Wall, Journal, Nvidia, Nikkei, Chip, Tokyo, Federal Reserve, CBA Locations: Japan, Tokyo, Portugal, U.S, Asia, Pacific, Beijing, Washington, China, Europe

☆ Factbox: Japan ramps up efforts to strengthen its chip industry
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +4 min

Below are investments in Japan announced by chipmakers and measures the government is taking to revive its semiconductor industry. Sony Group (6758.T) and auto parts maker Denso (6902.T), which will use the chips TSMC makes, are also investors. It said it would be the first chipmaker to bring EUV technology to Japan for production. It has offered TSMC a 476 billion yen subsidy, or about half the expected cost of the factory. Rapidus secured an initial 70 billion yen of funding from the government, and local media reported in April that the government was finalising a plan to provide an additional 300 billion yen.

Persons: TW, Rapidus, JIC, Makiko Yamazaki, Sam Nussey, Tim Kelly, Miho Uranaka, Miyoung Kim, Jamie Freed Organizations: Semiconductor, chipmakers, Taiwan Semiconductor Manufacturing, Sony Group, Micron Technology, Samsung Electronics, Reuters, Business Machines, IBM, Samsung, Nikon, Tokyo, Japan Investment Corp, Innovation Network Corp of Japan, Toshiba, Japan Industrial Partners, Thomson Locations: TOKYO, Japan, Kyushu, Denso, KS, Yokohama, Japan's, Chitose, Hokkaido, Rapidus, U.S, China, State

☆ Early humans left Africa earlier than previously thought, fossil discovery reveals
▼ + stars: | 2023-06-13 | by ( Katie Hunt | ) edition.cnn.com time to read: +5 min

DNA analysis of present-day human populations has supported the hypothesis that early modern humans left Africa around 50,000 to 60,000 years ago, and archaeologists have thought our early ancestors likely followed coastlines and islands through southeast Asia toward Australia. However, a growing number of older human remains discovered in China and the Levant show that this chapter in the human story is more complicated than first thought. The cave was occupied by early humans for about 50,000 years, archaeologists believe. At a nearby site, known as Cobra Cave, a tooth believed to belong to a Denisovan, an elusive early human, has been found. The team expects to unearth more human fossils from the region.

Persons: sapiens, ”, Kira Westaway, ” Westaway, Westaway, Tam Pa Ling, Tam Pà Ling Organizations: CNN, Macquarie University, UNESCO, Heritage, Nature Communications Locations: Africa, Laos, Australia, Asia, China, Tam Pa, Sumatra, Philippines, Borneo, Indonesia

☆ Japan's Nikkei closes at 33-year high; firm Wall Street lifts appetite
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

The Nikkei index (.N225) jumped 2.2% to end at 32,217.43, its highest close since July 1990 and posted its biggest daily gain since Jan. 18. "The market was supported by the gains in the U.S. market on Friday. That helped keep the money flowing into risk assets in Japan," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities. Hence, when U.S. shares rise, there is no reason for not buying Japanese stocks, Kamada added. All but one of the Tokyo Stock Exchange's 33-sector sub-indexes rose, with machineries (.IMCHN.T) rising 3.12% to lead the gains.

Persons: Shigetoshi Kamada, Kamada, Fanuc, Junko Fujita, Janane Venkatraman, Sohini Organizations: Nikkei, Bank of Japan, Tachibana Securities, The Bank of, Reserve, Tokyo, Screen Holdings, Tokyo Stock, Utilities, Tokyo Electric Power Holdings, Thomson Locations: TOKYO, U.S, Japan, The Bank of Japan, Washington, Philadelphia

☆ Here's the 19-slide pitch deck Jolt, a climate tech startup curbing the cost of hydrogen power, used to raise $6 million
▼ + stars: | 2023-06-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Take a peek inside the 19-slide redacted pitch deck it used to raise the fresh funds. A Barcelona-based startup hoping to make hydrogen power cheaper, more efficient, and durable, just nabbed 6 million euros (around $6.4 million) in Series A funding. Jolt, founded in 2022 as a spin-out of the Catalan Institute of Chemical Research, makes electrodes for electrolyzers and hydrogen fuel cells. Electrodes are the "heart" of hydrogen, Jolt cofounder and CEO Leon Rizzi told Insider, but they are "genuinely not fit for purpose." Jolt makes an alternative coating, which requires 80 degree-heat for up to 60 seconds and can be done in an oven or via an infrared lamp.

Persons: Leon Rizzi, we've, Rizzi, it's, Jolt Organizations: Catalan Institute of Chemical Research, McKinsey, Climentum Capital, Ship2B Ventures, Partners, NET, Rizzi Locations: Barcelona, headcount

☆ SoftBank shares swept up in AI chip frenzy ahead of Arm IPO
▼ + stars: | 2023-06-02 | by ( Sam Nussey | ) www.reuters.com time to read: +1 min

TOKYO, June 2 (Reuters) - SoftBank Group Corp (9984.T) shares jumped 5% in early Friday trade as the technology investor - which is preparing an initial public offering of chip designer Arm - was caught up in a frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate, which has been hit by the slumping value of its tech portfolio, has seen its shares gain 17% since last week's close. On Friday, SoftBank passed the psychological level of 6,000 yen for the first time since February. "We expressed a view that SBG stock will rally ahead of the ARM IPO later in the year... "He feels that 'finally my time has come'," SoftBank Chief Financial Officer Yoshimitsu Goto told reporters at an earnings briefing last month.

Persons: SoftBank, Jefferies, Atul Goyal, Masayoshi Son, Yoshimitsu Goto, Sam Nussey, Jacqueline Wong, Christopher Cushing Organizations: SoftBank Group Corp, U.S, Nvidia Corp, Semiconductor, ARM, Advantest Corp, Tokyo Electron, Thomson Locations: TOKYO, Philadelphia

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