Washington - CybAI news

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

13 Aug

US Considers a Rare Antitrust Move: Breaking Up Google

stp2y0 CommentsRAG modelsadvertising, ALPHABET INC-CL A, android, apps, artificial intelligence, AT&T INC, business, Government, justice department, MICROSOFT CORP, politics, Technology, Washington

A rare bid to break up Alphabet Inc.’s Google is one of the options being considered by the Justice Department after a landmark court ruling found that the company monopolized the online search market, according to people with knowledge of the deliberations.The move would be Washington’s first push to dismantle a company for illegal monopolization since unsuccessful efforts to break up Microsoft Corp. two decades ago. Less severe options include forcing Google to share more data with competitors and measures to prevent it from gaining an unfair advantage in AI products, said the people, who asked not to be identified…

09 Aug

With US Chips Act Money Mostly Divvied Up, the Real Test Begins

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The Biden administration is nearly finished divvying up $39 billion in grants under the Chips and Science Act, the landmark bipartisan legislation aimed at revitalizing the domestic semiconductor industry. The bigger test still lies ahead.The Chips Act, enacted two years ago Friday, is the nation’s most audacious foray into industrial policy since World War II. It’s essentially a bet that four companies — Intel Corp., Micron Technology Inc., Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. — can bring sophisticated chip production back to the US. In a sign of the ambition, one explicit goal is making a fifth of…

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