The Dutch government recently announced that it is broadening its export restrictions on advanced semiconductor manufacturing equipment, specifically on more types of chipmaking tools produced by ASML. This decision to impose further curbs reflects the government’s commitment to national security in the face of evolving technological advancements and heightened security risks in the global geopolitical
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Qualcomm CEO Cristiano Amon recently revealed that the chip designer is teaming up with Samsung and Google to develop mixed-reality glasses connected to smartphones. This initiative sets them apart from Apple, who introduced a larger headset. The concept of mixed reality involves merging augmented and virtual reality, creating a blend of digital images superimposed on
The Asia-Pacific markets experienced a significant plunge on Wednesday, with Japan’s Nikkei 225 taking the lead after U.S. tech stocks sold off. The Nikkei 225 was down 3.19%, marking the highest losses in the region. The Topix also suffered, dropping 2.79%. The semiconductor sector was hit particularly hard, with stocks like Renesas Electronics plummeting 8%,
China’s housing market continues to face challenges despite various government stimulus efforts. According to Haibin Zhu, chief China economist at JPMorgan, the sector is still in the midst of a crash that is far from over. Home prices are not expected to stabilize until at least 2025, indicating a prolonged period of uncertainty for the
Asia-Pacific markets experienced a mix of movements on Monday as investors digested China’s latest business activity data. China’s official purchasing managers’ index for August revealed a decline in the manufacturing PMI to 49.1, signaling a faster contraction compared to the previous month. This figure missed the forecast of economists, marking the fourth consecutive month of
Japan lodged a protest with China following the violation of its territorial waters by a Chinese naval survey vessel – the second incident in less than a week. This move underscores the growing concerns in Tokyo over the increased Chinese military activity near Japan and Taiwan in recent years. Response and Defense Buildup In response
September has historically been a challenging month for Apple, with fluctuating stock prices leading up to the company’s product announcements. This pattern of ups and downs in stock performance raises questions about what we can expect this year, especially with the upcoming release of new iPhones and Apple Watch models on September 9th. Over the
Alibaba, the Chinese tech giant, has recently completed a three-year regulatory “rectification” process after being fined for monopolistic practices in 2021. The State Administration for Market Regulation (SAMR) in China stated that they have been supervising Alibaba’s efforts to become compliant with antitrust regulations over the past few years, with the process yielding positive results.
Pat Gelsinger, the CEO of Intel, recently spoke at a technology conference in California, acknowledging the difficulties the company has faced in the wake of a disastrous earnings report. He stated that they respect the skepticism from the market and are fully prepared to tackle the challenges ahead. Following the earnings report, Intel’s stock price
The recent rapid rebound of market confidence following a significant sell-off in risky assets has raised concerns among experts in the financial industry. Christian Mueller-Glissmann, the head of asset allocation research at Goldman Sachs, believes that investors should not be too quick to dismiss the early August stocks slump as just a minor blip. Despite