The Dutch government recently announced an expansion of export restrictions on advanced semiconductor manufacturing equipment, including more of ASML’s machines. This decision was made for reasons of security, with officials citing technological advancements that have increased security risks associated with the export of this specific manufacturing equipment. The move comes in response to the current
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Qualcomm CEO Cristiano Amon recently revealed in an interview with CNBC an exciting collaboration with Samsung and Google to develop a mixed-reality set of glasses that will be linked to smartphones. This partnership marks a shift away from Apple’s larger headset approach and aims to bring new experiences to consumers through the combination of augmented
Asia-Pacific markets took a significant hit on Wednesday in response to the sell-off of U.S. tech stocks and concerning economic data, particularly from Japan’s Nikkei 225 which saw a 3.19% drop. Semiconductor-related companies like Renesas Electronics, Tokyo Electron, and Advantest experienced substantial losses, with some dropping over 8%. Additionally, Softbank Group, which owns chip designer
Despite numerous government stimulus and support measures aimed at bolstering the housing market in China, these efforts have fallen short of expectations. Haibin Zhu, chief China economist at JPMorgan, has warned that the housing market crash in China is far from over, with home prices not expected to stabilize until 2025 at the earliest. Recent
The Asia-Pacific markets were in a state of flux on Monday as investors digested China’s official purchasing managers’ index (PMI) data for August. The manufacturing PMI fell to a six-month low of 49.1, indicating a faster contraction compared to July’s numbers. This figure missed the median forecast, marking the fourth consecutive month in contraction territory.
The recent incursion of a Chinese naval survey vessel into Japanese waters has once again highlighted the growing tensions between the two Asian powerhouses. This marks the second time in less than a week that China has infringed upon Japanese territory, prompting Tokyo to lodge a formal protest with Beijing. The uptick in Chinese military
In the world of tech giants, Apple has always captured the attention of investors and consumers alike with its highly anticipated product launches. September, in particular, has been a tricky month for Apple historically, with the company’s share price experiencing fluctuations around the time of major announcements. According to a FactSet analysis, Apple’s stock tends
Alibaba, the Chinese tech giant, recently completed a three-year regulatory “rectification” process following an antitrust fine it received in 2021. This development was confirmed by China’s State Administration for Market Regulation (SAMR) on Friday. The SAMR stated that the rectification work has yielded “good results” and that Alibaba has now ceased its “‘choose one of
Intel, one of the leading chipmakers in the world, has been facing significant challenges in recent times. The company’s CEO, Pat Gelsinger, acknowledged the difficulties the company has been going through during a fireside chat at a technology conference. This article will delve into the issues Intel is facing and the efforts being made to
The recent rapid recovery of market confidence after a significant global sell-off in risky assets is a cause for concern, as highlighted by the head of asset allocation research at Goldman Sachs. Christian Mueller-Glissmann pointed out that investors should view the early August stocks slump as a warning. The markets started the month under pressure