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☆ The fate of the world economy may depend on what happens to a company most Americans have never heard of
▼ + stars: | 2022-10-22 | by ( Avery Hartmans | Jacob Zinkula | ) www.businessinsider.com time to read: +13 min

The fate of the global economy may rest on the shoulders of one company: TSMC. That's because there could be trillions of dollars' worth of economic activity tied to that one company: Taiwan Semiconductor Manufacturing Company, the world's biggest chipmaker. Ann Wang/ReutersThe semiconductor industry has its roots in the US, as much of the research and development is done on US soil. According to a 2021 report from the Semiconductor Industry Association, in 1990 the US produced 37% of the world's chip supply. These days, the US is responsible for only 12% of global chip production.

☆ Why Russia accused China of copying its stealth fighter design
▼ + stars: | 2022-10-19 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +8 min

China is often accused of stealing plans for the US F-22 and F-35 to design its J-20 stealth jet. A Chinese J-20. Russia called out the J-20's similarities with the MiG 1.44 immediately after the Chinese fighter was revealedRussia's Su-47 Berkut forward-swept wing aircraft. REUTERS/StringerMikoyan has denied providing any kind of support for China's stealth fighter development which dates back to well before the J-20 was officially unveiled. "It looks like they got access … to documents relating to the Mikoyan — the aircraft that the Ministry of Defence skipped over in its tender to create a stealth fighter," he said.

☆ Britain in talks with British Steel and Tata to secure industry's future
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 17 (Reuters) - Britain said on Monday it was in talks with steel makers, including British Steel, owned by China's Jingye Group, and India's Tata to help secure the industry's long-term future. The government said British Steel had agreed to maintain current operations and job numbers while the talks were under way. A government spokesperson said: "We are working across the steel sector on achieving their sustainable and competitive long-term future. "We recognise that businesses are feeling the impact of high global energy prices, particularly steel producers, which is why we announced the Energy Bill Relief Scheme to bring down costs." Register now for FREE unlimited access to Reuters.com RegisterReporting by Paul Sandle, editing by Elizabeth Piper and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

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