TSMC to build three chip factories in Arizona
WASHINGTON – TSMC Arizona Corporation (TSMC Arizona), a subsidiary of Taiwan Semiconductor Manufacturing Company Limited (TSMC), has been awarded up to $6.6 billion in direct funding under the CHIPS Incentive Program for commercial manufacturing facilities, the U.S. Department of Commerce … Continue reading TSMC to build three chip factories in Arizona
Supersonic Dream Shattered: Exosonic Files for Bankruptcy
TORRANCE/USA — In a stunning blow to the future of commercial aviation, Exosonic, the ambitious startup that aimed to revolutionize air travel with supersonic passenger flights, has filed for bankruptcy. Despite raising millions in funding and making significant strides in … Continue reading Supersonic Dream Shattered: Exosonic Files for Bankruptcy
Apple opens large research lab in Shenzhen
SHENZHEN – In an unexpected turn of events, Apple Inc. has inaugurated a state-of-the-art research lab in Shenzhen, China, the very heart of Chinese technological innovation and a stone’s throw from Huawei’s headquarters. This move comes amidst a backdrop of … Continue reading Apple opens large research lab in Shenzhen
China’s Leap in Semiconductor Sovereignty
BEIJING – In a significant stride toward semiconductor independence, China’s JFS Laboratory in Wuhan has achieved a groundbreaking development in silicon photonics technology. This advancement, as reported by the South China Morning Post, marks a pivotal moment for China’s chip … Continue reading China’s Leap in Semiconductor Sovereignty
Global Markets in Turmoil: Effects on Asian economy
TOKYO/WASHINGTON – The global financial landscape has been rocked by a series of unexpected events that have sent shockwaves through stock markets around the world. The United States, long considered a bastion of economic stability, is now grappling with the … Continue reading Global Markets in Turmoil: Effects on Asian economy
UNITREE’s G1 Model Disrupts Robotics Market
HANGZHOU/WALTHAM – Boston Dynamics has long been at the forefront of robotics innovation, particularly known for its advanced and dynamic robots that have captured public imagination. However, the landscape of robotics is highly competitive and constantly evolving. While Boston Dynamics … Continue reading UNITREE’s G1 Model Disrupts Robotics Market
USA and Europe: AI effects twelve million jobs by 2030
NEW YORK – A recent study by the McKinsey Global Institute (MGI) predicts a remarkable development in the working world: millions of workers may be forced to seek new employment opportunities as artificial intelligence (AI) increasingly becomes capable of automating … Continue reading USA and Europe: AI effects twelve million jobs by 2030
USA: Massive tariff increases on Chinese goods
WASHINGTON – The U.S. government yesterday announced a significant expansion and increase in punitive tariffs on products from China. The measures, led by President Joe Biden, target a range of industries, including electric cars, semiconductors, solar panels, and protective masks. … Continue reading USA: Massive tariff increases on Chinese goods
US Congress Approves Ban on TikTok in the U.S.
Washington, D.C. – The US Congress has passed a groundbreaking law aimed at banning the Chinese social media platform TikTok in the United States. This decision marks another step in the increasing tension between the two economic powers and signals … Continue reading US Congress Approves Ban on TikTok in the U.S.
Australia: Former PM Kevin Rudd new U.S. ambassador
NEW YORK – The Australia government announced yesterday its nomination of Asia Society President and CEO and former Prime Minister Kevin Rudd as the country’s next Ambassador to the United States, commencing in March 2023. Asia Society Board of Trustees … Continue reading Australia: Former PM Kevin Rudd new U.S. ambassador