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REUTERS/Florence Lo/Illustration Acquire Licensing RightsOct 18 (Reuters) - Chip manufacturing equipment supplier Lam Research (LRCX.O) forecast second-quarter revenue slightly below Wall Street estimates on Wednesday due to weak memory chip demand, even though its China business continues to boom. Lam posted first-quarter revenue of $3.48 billion, compared with market estimates of $3.41 billion. China constituted 48% of its first-quarter revenue compared with 30% a year earlier, the company said. The rules narrowed restrictions announced last year that cost Lam roughly $2 billion dollars in lost revenue. "I don't know if China is up, down or sideways next year, but it's not going away," Bettinger said.

Persons: Florence Lo, Doug Bettinger, Bettinger, Lam, it's, Jaspreet Singh, Max A, Sriraj Kalluvila, Jamie Freed Organizations: REUTERS, Lam Research, Samsung Electronics, SK Hynix, Micron Technology, Thomson Locations: China, Fremont , California, Bengaluru, Max, San Francisco

☆ SK Hynix denies report about approaching SoftBank on Kioxia merger
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +1 min

Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration Acquire Licensing RightsSEOUL, Oct 18 (Reuters) - South Korea's SK Hynix Inc (000660.KS), the world's second-largest memory chip maker, said on Wednesday it has not approached Japan's SoftBank Group (9984.T) to partner up in a possible deal with memory chipmaker Kioxia Holdings Corp.A Nikkei report earlier on Wednesday said SK Hynix is reluctant to back a merger between U.S. rival Western Digital's memory chip operations and Kioxia, in which SK Hynix holds a stake. The report went on to say that SK Hynix had sounded out SoftBank for a partnership in case the merger falls through. "SK Hynix denies Nikkei's report that the company approached SoftBank for collaboration with regard to the Kioxia-Western Digital deal," the company said in a statement, without commenting on its stance on the merger. Kioxia and Western Digital Corp (WDC.O) are pursuing a merger as a global chip glut and weak demand for flash memory chips strengthens pressure for chipmakers to consolidate.

Persons: Florence Lo, Japan's, SoftBank, Kioxia, Joyce Lee, Anton, Simon Cameron, Moore, Louise Heavens Organizations: SK Hynix, REUTERS, Rights, Korea's SK Hynix Inc, Japan's SoftBank, Kioxia Holdings Corp, Nikkei, Wednesday, U.S, Western, SoftBank Group, Western Digital Corp, Thomson Locations: Rights SEOUL

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

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

☆ How the US will cut off China from more AI chips
▼ + stars: | 2023-10-17 | by ( Stephen Nellis | ) www.reuters.com time to read: +4 min

CAPTURING MORE CHIPSThe original rules last year restricted chips if they met a two-pronged test for how much computing power the chips contained and how fast they could talk to other chips. Nvidia (NVDA.O) , the top AI chip supplier, responded by creating chips that stayed just under the communication limits for the Chinese market but that still proved useful for AI work. BLACKLISTING CHINA'S NVIDIA CHALLENGERSChip industry watchers believe that if U.S. AI chips are banned in China, Chinese firms will seek to fill the void in the market. On Tuesday, U.S. officials added two leading Chinese chip startups, Biren and Moore Threads, to a U.S. trade blacklist. That threshold would encompass nearly all advanced AI chips and is aimed at helping chip factories spot efforts to work around the rules.

Persons: Florence Lo, Biden, Moore, Stephen Nellis, Marguerita Choy Organizations: REUTERS, Nvidia, Taiwan Semiconductor Manufacturing, San, Thomson Locations: China, U.S, Macau, San Francisco

☆ Explainer: Biden combines billions in chipmaking grants with China curbs to keep US ahead
▼ + stars: | 2023-10-17 | by ( Alexandra Alper | ) www.reuters.com time to read: +4 min

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. Those rules aimed to stem the flow of high-end American artificial intelligence chips and chipmaking tools into China. The United States has been locked in a technology war with China since former President Trump blacklisted Chinese telecoms giant Huawei in 2019. BILLIONS FOR CHIPSThe United States, meanwhile, has been helping non-Chinese chipmakers negotiate with states like Arizona, Texas and New York to set up shop or grow existing operations. According to the Semiconductor Industry Association, the share of global semiconductor manufacturing capacity in the U.S. has decreased from 37% in 1990 to 12% in 2022.

Persons: Florence Lo, Biden, Emily Kilcrease, Trump, Joe Biden, ”, Peter Harrell, TSMC, Alexandra Alper, Jonathan Oatis Organizations: REUTERS, Rights, U.S, Center, New, New American Security, Trade Representative, United, Huawei, Biden, chipmaker Micron, Semiconductor Industry Association, Samsung, Intel, Companies, Chips, Science, Thomson Locations: China, United States, New American, U.S, Arizona , Texas, New York, South, Ohio, Taiwan

☆ Australia hopes for China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

[1/2] Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. Australia lodged a complaint over China's tariffs on its wine at the WTO in 2021. Until the tariffs, China was Australia's top wine export market, peaking at A$1.2 billion ($770 million) for the 12 months to January 2020. Officials are unable to comment publicly on a WTO report prior to publication. Australia wanted to take the faster path of negotiating an outcome with China on wine, as it did in the barley dispute.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle, Barbara Lewis Organizations: REUTERS, Rights, Canberra, World Trade Organization, Australian, WTO, Trade, China Business Council, Reuters, Thomson Locations: Beijing, China, Australia, Canberra

☆ Australia 'hopeful' on China wine breakthrough as deadline nears
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +2 min

Bottles of Australian wine are seen at a store selling imported wine in Beijing, China November 27, 2020. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSYDNEY, Oct 17 (Reuters) - Australian Prime Minister Anthony Albanese said on Tuesday he remained "very hopeful of a breakthrough" in a trade dispute with China over wine tariffs, as a deadline for the publication of a World Trade Organization ruling nears. "I'm very hopeful of a breakthrough that removes the impediments when it comes to wine," Albanese told reporters on Tuesday, noting Australia's wine industry had substantial exports to China before the tariffs were imposed in 2020. Officials are unable to publicly comment on a WTO report until it is published. Australia last month rejected China's proposal for a "packaged solution" that would tie the wine dispute to those about duties on Australian imports of Chinese steel.

Persons: Florence, Anthony Albanese, Albanese, Don Farrell, Farrell, Kirsty Needham, Gerry Doyle Organizations: REUTERS, Rights, Australian, World Trade Organization, WTO, Trade, Sky News, COVID, Trans, Pacific, Thomson Locations: Beijing, China, Australia

The logo of Baidu's AI chatbot Ernie Bot is displayed near a screen showing the Baidu logo, in this illustration picture taken June 28, 2023. REUTERS/Florence Lo/Illustration Acquire Licensing RightsBEIJING, Oct 17 (Reuters) - Chinese technology giant Baidu (9888.HK) on Tuesday unveiled the newest version of its generative artificial intelligence (AI) model, Ernie 4.0, saying its capabilities were on par with those of ChatGPT maker OpenAI's pioneering GPT-4 model. He also showed Ernie 4.0 creating advertising posters and videos. Baidu, owner of China's largest internet search engine, is at the forefront of AI models in China amid a global craze over the technology sparked by the introduction of ChatGPT last year. In August, Baidu was among a number of firms to receive government approval to release AI products to the public.

Persons: Ernie Bot, Florence Lo, Ernie, Robin Li, ChatGPT, Baidu, Yelin Mo, Eduardo Baptista, Brenda Goh, Christopher Cushing Organizations: Baidu, REUTERS, Rights, HK, Thomson Locations: Rights BEIJING, Beijing, China, United States

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

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

"I don't think the price cuts are over, mainly for the reason that demand is still weak," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments. Tesla has already cut U.S. prices of its Model 3 compact sedan and Model Y SUV in October. The slump will continue into the fourth quarter and margins could dip below 15%, said Wells Fargo analyst Colin Langan. However, that likely falls short of offsetting the price cuts," Langan said. Tesla slashed the technology's price by a fifth in August and analysts said that more cuts could be on the cards.

Persons: Florence, China's, Thomas Martin, Elon Musk, Tesla, Wells, Colin Langan, Langan, Musk, Gary Black, Akash Sriram, Aditya Soni, Sayantani Ghosh, Arun Koyyur Organizations: Fair for Trade, Services, REUTERS, HK, Globalt Investments, Reuters, Visible Alpha, Fund, Reuters Graphics Reuters, Thomson Locations: Beijing, China, Europe, MEXICO, Nuevo Leon, Mexican, Bengaluru

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

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

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

☆ IMF sees recent yen falls as reflecting fundamentals
▼ + stars: | 2023-10-14 | by ( Leika Kihara | ) www.reuters.com time to read: +1 min

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. "On the yen, our sense is that the exchange rate is driven pretty much by fundamentals. As long as interest rate differentials remain, the yen will continue to face pressure," Sanjaya Panth, deputy director of the IMF's Asia and Pacific Department, told reporters. Authorities in Japan are facing renewed pressure to combat a sustained depreciation in the yen , as investors bet on higher-for-longer U.S. interest rates while the Bank of Japan remains wedded to its super low interest rate policy. "I don't think any of the three considerations are existing right now," he said, when asked whether recent yen falls call for authorities to intervene in the currency market.

Persons: Florence Lo, Panth, Leika Kihara, Emelia Sithole, Mike Harrison Organizations: REUTERS, Rights, Monetary Fund, Pacific Department, Authorities, Bank of Japan, IMF, Thomson Locations: Rights MARRAKECH, Morocco, Asia, Japan

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

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

☆ China's Didi plans 2024 Hong Kong listing - Bloomberg News
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File photo Acquire Licensing RightsOct 13 (Reuters) - China's biggest ride-hailing company, Didi Global, aims to list its shares on the Hong Kong Stock Exchange next year, Bloomberg News reported on Friday, citing people familiar with the matter. The company delisted from the New York Stock Exchange in 2022 after it ran afoul of Chinese regulators by pushing ahead with a $4.4 billion listing in the U.S in July 2021. Didi was banned by Chinese regulators from taking on new users and its app not available from mid-2021 until January 2023. Didi has contemplated a Hong Kong listing previously, Reuters has reported, with a listing by introduction where new capital is not raised as one option.

Persons: Didi Chuxing, Florence, Didi Global, Didi, Gursimran Kaur, Scott Murdoch, Sonia Cheema, Jamie Freed, Gerry Doyle Organizations: REUTERS, Hong Kong Stock Exchange, Bloomberg, Reuters, New York Stock Exchange, Cyberspace Administration of China, CAC, Thomson Locations: Beijing, China, U.S, New York, Hong Kong, United States, Bengaluru

☆ China FX regulator says CBDC features could improve monetary policy
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. REUTERS/Florence Lo/Illustration/File photo Acquire Licensing RightsSHANGHAI, Oct 13 (Reuters) - A Chinese foreign exchange regulator official said "programmable features" of a central bank digital currency (CBDC) could help enhance the effectiveness of monetary policy tools, state media reported on Friday. China is among a host of countries developing their own CBDCs - digital tokens issued by central banks - although adoption is still in its early stages. Lu said he expected the People's Bank of China (PBOC) could explore the features to adjust rates of CBDC, which could also be used manage the macro economy. Transactions using China's CBDC, the e-CNY, hit 1.8 trillion yuan ($249.33 billion) at end-June.

Persons: Florence Lo, Lu Lei, Lu, Sam Holmes Organizations: REUTERS, Rights, State Administration of Foreign Exchange, Shanghai Securities News, People's Bank of China, Bank of International, Shanghai, Thomson Locations: China

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

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

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

☆ JD.com shares hit record low, banks cut Q3 growth target on retail slowdown
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

The logo of JD.com is seen at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 1, 2022. The brokerages and banks including Citi, Daiwa and Jefferies, which issued notes to clients on Thursday and Friday with the revised estimates. Shares in JD.com, which is also China's largest home appliance retailer, closed at their lowest level since their June 2020 debut. Citi Research lowered its revenue assumption for JD.com by 3.4% and 4.3% for the third and fourth quarter, saying that it now estimates 0.8% and 1.3% growth respectively. JD.com is China's leading online platform for sales of digital and electronics products, such as mobile phones and domestic electrical appliances.

Persons: Florence, JD.com, Nomura, Sophie Yu, Donny Kwok, Brenda Goh Organizations: Fair for Trade, Services, REUTERS, Rights, Citi, Daiwa, Jefferies, Citi Research, Alibaba, HK, PDD, Thomson Locations: Beijing, China, Rights BEIJING, HK, Hong Kong, United States, JD.com, BEIJING, HONG KONG

☆ Taiwan says awaiting US announcement on China chip waiver extension
▼ + stars: | 2023-10-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +2 min

South Korea's government said this week that Samsung Electronics (005930.KS) and SK Hynix (000660.KS) will be allowed to supply U.S. chip equipment to their China factories indefinitely without separate U.S. approvals. "Whether it will be the same treatment as Samsung and SK Hynix, it's up to the announcement from the U.S. government," Wang told reporters in Taipei. Samsung and SK Hynix, the world's largest and second-largest memory chipmakers, had invested billions of dollars in their chip production facilities in China and welcomed the move. Samsung Electronics makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi and 20% of its NAND flash chips in Dalian. The companies together controlled nearly 70% of the global DRAM market and 50% of the NAND flash market as of end-June, data from TrendForce showed.

Persons: Florence Lo, Wang Mei, Biden, Wang, chipmaker, TSMC, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, U.S, Samsung Electronics, SK Hynix, Samsung, U.S ., United, Korean, Thomson Locations: Rights TAIPEI, Taiwan, China, KS, Taipei, TSMC, United States, Nanjing, Xian, Wuxi, Dalian, TrendForce

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

☆ Chinese EV maker Xpeng says vice president suspended for investigation related to corruption
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: 1 min

A woman walks past a showroom of Chinese electric vehicle (EV) maker XPeng in Beijing, China February 4, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsCompanies Xpeng Inc FollowBEIJING, Oct 10 (Reuters) - Chinese electric vehicle maker Xpeng (9868.HK) said its vice president Li Feng has been suspended for an investigation related to corruption, according to a company statement on Tuesday. "The incident affected a small area and did not affect business and production links," the statement said. Xpeng has been strengthening supply chain management this year and some supply chain staff have been investigated, the statement added. Reporting by Qiaoyi Li, Zhang Yan and Brenda Goh; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Li Feng, Li, Xpeng, Qiaoyi Li, Zhang Yan, Brenda Goh, Andrew Heavens Organizations: REUTERS, Inc, BEIJING, HK, Media, Thomson Locations: XPeng, Beijing, China

☆ WTA roundup: Jelena Ostapenko upset in Seoul
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Wild card Dayeon Back, down 5-2 in the third set, rallied to beat second-seeded Jelena Ostapenko 3-6, 6-1, 7-6 (4) in two hours, 13 minutes to advance. It was the first time two South Koreans won their opening matches in Seoul since 2013. 569, was able to force Ostapenko into long rallies, and the mistakes piled up for Ostapenko. In other first-round action, Liudmila Samsonova of Russia, fresh off her finals appearance in the China Open, continued her strong play with a 6-3, 6-3 defeat of Germany's Tatjana Maria. Another Russian, Kamilla Rakhimova, beat eighth seed Varvara Gracheva of France 6-3, 6-2, and Czech Linda Fruhvirtova topped seventh-seeded Peyton Stearns in three sets.

Persons: Jelena Ostapenko, Russia's Liudmila Samsonova, Florence, Jeong Jang, Sofia Kenin, Jang, Kenin, Jessica Pegula, Viktoria, Marie Bouzkova, Vera Zvonareva, Veronika Kudermetova, Zvonareva, Germany's Tatjana Maria, Daria Kasatkina of, Petra Martic, Laura Siegemund, Zhuoxuan Bai, Canadian Leylah Fernandez, Victoria, Fernandez, Anna Blinkova, Anastasia Pavlyuchenkova, Martina Trevisan, Kamilla, Varvara Gracheva, Czech Linda Fruhvirtova, Peyton Stearns Organizations: National Tennis Center, Hana Bank, South Koreans, Ostapenko, Viktoria Hruncakova, WTA, China . Hong Kong, Victoria Azarenka, Thomson Locations: Beijing, China, Hana Bank Korea, Seoul, Slovakia, Czech Republic, Zhengzhou, Russia, Daria Kasatkina of Russia, Croatia, Germany, China . Hong, Canadian, Italy, France, Czech

☆ South Korean firms get waiver on US chip gear supplies to China
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

[1/2] Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. The U.S. had been expected to extend a waiver granted to the South Korean chipmakers on a requirement for licences to bring U.S. chip equipment into China. Once included in the list, there is no need to obtain permission for separate export cases. "We welcome the U.S. government's decision to extend a waiver with regard to the export control regulations. We believe the decision will contribute to the stabilisation of the global semiconductor supply chain," SK Hynix said in a statement.

Persons: Florence Lo, Yonhap, SK Hynix, Joyce Lee, Edmund Klamann Organizations: SK Hynix, REUTERS, Rights, Samsung Electronics, U.S, Korean, The U.S . Department of Commerce, Samsung, SK, Thomson Locations: Rights SEOUL, KS, China, The

☆ China targets 50% growth in computing power in race against U.S.
▼ + stars: | 2023-10-09 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The MIIT revealed in August that China’s computing power has reached 197 EFLOPS this year, up from 180 EFLOPS in 2022. The ministry said it ranks China as second behind the United States, but did not elaborate on the scale of the U.S. computing power it referenced. According to the plan, China aims to build out more data centres across the country to facilitate businesses' access to computing power. Expansive but less populated provinces in China such as southwestern Guizhou have long been tasked to establish massive data centres to power the country’s internet. For example, Apple (AAPL.O) has set up data centres in Guizhou with a local partner to serve its users in the country.

Persons: Florence Lo, Josh Ye, Sonali Paul Organizations: REUTERS, Ministry of Industry, Information Technology, Google, supercomputing, Apple, Thomson Locations: China, U.S, HONG KONG, Beijing, United States, Guizhou

☆ RISC-V group says restrictions on open technology would slow innovation
▼ + stars: | 2023-10-09 | by ( Stephen Nellis | ) www.reuters.com time to read: +2 min

The comments come after Reuters last week reported that a growing group of U.S. lawmakers are calling on the Biden administration to impose export control restrictions around RISC-V, the open-source technology overseen by the RISC-V International nonprofit foundation. RISC-V technology can be used as an ingredient to create chips for smartphones or artificial intelligence. In a blog post, Calista Redmond, chief of RISC-V International, which coordinates work among companies on the technology, said RISC-V is no different than other open technology standards like Ethernet, which helps computers on the internet talk with each other. Redmond wrote that RISC-V has drawn contributions in equal measure from North America, Europe and Asia. "Having access to open standards allows companies to innovate faster and spend their time creating differentiated products, rather than trying to reinvent the wheel."

Persons: Florence Lo, Biden, Calista Redmond, Redmond, Stephen Nellis, Matthew Lewis Organizations: REUTERS, V, Reuters, V International, U.S, Qualcomm, Google, Huawei Technologies, Arm Holdings, San, Thomson Locations: U.S, North America, Europe, Asia, San Francisco

☆ Swiatek ends Gauff's 16-match winning streak to reach Beijing final
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

But Swiatek, who had surrendered her top ranking to Aryna Sabalenka after losing to Jelena Ostapenko in the fourth round of the season's final Grand Slam last month, regained her grip on her rivalry with Gauff to reach a seventh final this year. Up next for Swiatek is Samsonova, who beat former Wimbledon champion Elena Rybakina 7-6(7) 6-3 to improve her head-to-head record over the Moscow-born Kazakh world number five to 4-0. "Every time it's a battle with Elena ... She's a champion," Samsonova said. The 24-year-old Samsonova, who is ranked 22, has now beaten three former Grand Slam champions in Beijing with victories over Petra Kvitova and Ostapenko in earlier rounds. Reporting by Shrivathsa Sridhar in Bengaluru; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Coco Gauff, Florence Lo, Swiatek, Coco Gauff's, Gauff, Aryna Sabalenka, Jelena Ostapenko, I'm, It's, Elena Rybakina, Elena, Samsonova, Petra Kvitova, Shrivathsa Sridhar, Hugh Lawson Organizations: National Tennis Center, United, United States REUTERS, Rights, China, Russian, Cincinnati, U.S ., Wimbledon, Kazakh, Thomson Locations: Beijing, China, United States, Rights BEIJING, Moscow, She's, Bengaluru

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