Exports - CybAI news

03 Dec

China has banned certain metal exports in retaliation to the US chip restrictions

stp2y0 CommentsNewsban, china, chips, export, Exports, gear, news, US

As of today, Chinese gallium, germanium and antimony are no longer being exported to the US. Germanium and gallium exports had already ceased in October, and antimony exports have dropped by 97 percent since September. This official declaration comes a day after the US announced it would further to China, particularly referring to computer chips.This ban includes materials that have “potential military applications,” .The Chinese export ban primarily concerns what the government calls “dual-use items,” which are objects both the military and civilians can use. Due to this ban, graphite exports to the US from China must also undergo stricter…

16 Aug

Taiwan Turns Less Upbeat on Exports in Lowering Economic Outlook

stp2y0 CommentsRAG modelsartificial intelligence, Consumer Spending, Economic Growth, Exports, GDP, Government, jobs, taiwan, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Wealth

Taiwan revised down its estimate for economic growth in 2024 after three straight upgrades, projecting a smaller increase in exports but remaining optimistic about overseas demand for artificial intelligence-related products.Gross domestic product is set to expand 3.9% this year, down from a previous estimate of 3.94% by the statistics bureau in May, according to a statement on Friday. In the first projection of next year’s growth, it said GDP will grow 3.26%. Source link lol

15 Aug

China Adds Metal Used in Ammo to List of Restricted Exports

stp2y0 CommentsRAG modelsartificial intelligence, Beijing, china, europe, Exports, Government, military, National Security, Technology, US GEOLOGICAL SURVEY, Washington

China is tightening its grip over global critical-mineral supplies by placing export controls on antimony, a metal used widely in ammunition and other military applications that’s seen a surge in prices this year. The country will apply the restrictions to antimony and antimony-related materials from Sept. 15 in order to safeguard national security, according to a statement from the Ministry of Commerce on Thursday. That adds to earlier controls on other critical minerals including gallium and germanium, which have set off alarm bells in Washington. Source link lol

08 Aug

Tokyo Electron Ups Forecast After AI Demand Helps Earnings Beat

stp2y0 CommentsRAG modelsartificial intelligence, Asia, ASML HOLDING NV, china, Earnings, Economic Sanctions, Exports, Technology, Tokyo, TOKYO ELECTRON LTD, Washington

Tokyo Electron Ltd. raised its profit forecast for the fiscal year to March after reporting a better-than-expected surge in sales.The Japanese provider of semiconductor-patterning systems said it sees operating profit for the full year reaching ¥627 billion ($4.3 billion), up 8% from its previous guidance. Revenue in the June quarter was ¥555 billion, beating the analyst consensus of ¥500 billion and snapping a streak of year-on-year declines dating back to 2022. Operating profit for the period was ¥165.7 billion, also above expectations. Source link lol

07 Aug

South Korea Logs Biggest Current Account Since 2017 on AI Demand

stp2y0 CommentsRAG modelsartificial intelligence, Earnings, Economic Growth, Exports, Imports, Interest Rates, JULY SARL/CAEN, Raw Materials, SAMSUNG ELECTRONICS CO LTD, South Korea, Technology

South Korea’s current account recorded the biggest surplus in more than six years, boosted by global demand for chips used in artificial intelligence and other technology exports that have underpinned the nation’s economic growth.South Korea logged a net $12.3 billion current account surplus in June, the most since September 2017, with semiconductors and communications devices leading the export growth while imports of raw materials and capital goods fell, according to balance of payments data released Wednesday by the Bank of Korea. Net assets in the financial account also increased by $12.2 billion, the most since October 2020. Source link lol

06 Aug

Malaysia Sets Up Chip-Design Hub to Boost Semiconductor Industry

stp2y0 CommentsRAG modelsAsia, CADENCE DESIGN SYS INC, china, design, Exports, INFINEON TECHNOLOGIES AG, INTEL CORP, Kuala Lumpur, Malaysia, politics, software, Technology

Malaysia has set up a chip-design hub in Selangor state to boost its semiconductor industry and attract foreign investments.The Southeast Asian nation is seeking to improve its chip design capabilities and move up from testing and packing — activities that traditionally have been considered less complex and of lower value. Source link lol

25 Jul

French Power Export Curbs Could Boost Prices for Neighbors

stp2y0 CommentsRAG modelsBelgium, energy, europe, Exports, France, Generic 1st 'XW' Future, germany, Italy, Markets, Switzerland, Technology

French electricity grid limitations will constrain power exports from Monday for more than two months, threatening higher prices in neighboring countries. The curbs that run until October will impact exports to Belgium, Germany, Switzerland and Italy. Similar limitations this spring led to record spreads between France’s day-ahead power price and its neighbors. Source link lol