Tokyo Electron sees rising risk in US chip war on China

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Tokyo Electron is seriously concerned about the impact of America’s escalating assault on China’s semiconductor market.

Japan’s largest – and the world’s third-largest – manufacturer of semiconductor production equipment in terms of revenue, Tokyo Electron made more than 25% of its sales to customers in The far east last year.

In July, American semiconductor equipment makers Lam Research and KLA told investors and the media that the US government experienced broadened its legislation of exports in order to China from circuit design rules of 10-nanometer (nm) or smaller to 14-nm or smaller.  

This increases the share of equipment that must be pre-approved for export whilst putting a greater amount of Chinese semiconductor creation at risk of disruption.

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Russia’s next-gen nuclear sub designed for Arctic war

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True to its long tradition of building impressive submarines, Russian design bureau Rubin unveiled an idea mockup of its next-generation Arcturus nuclear ballistic missile submarine (SSBN) at the Army 2022 exhibit, according to Ruskies state media wall plug RIA Novosti. The Arcturus concept functions faceted shaping that will resembles modern low-observable aircraft such as the F-22 and […]

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US-Iran deal dangling in the air 

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In an interview within the Daily Wire’s “ Ben Shapiro Display, ” the former best minister of His home country of israel – and the most likely next PM – Benjamin Netanyahu claimed on Sunday which he had a Plan B for forcing regime change in Iran. Netanyahu said, “With low-flying satellites” as well as other miniature devices, “you might break their [the regime’s] […]

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Germany dips its toe deeper in Indo-Pacific waters

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The German Surroundings Force is dispatching jet fighters in order to drill in Australia, The japanese and South Korea, part of a rising trend of growing ties between US-allied Atlanticist and Pacifist militaries amid increasing tensions with The far east. In its “ Fast Pacific” deployment, Indonesia will dispatch 6 Eurofighters, 200 staff, three A330 Multi-Role Tanker Transports plus an A400M […]

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EDA software ban latest blow to China’s chip makers

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Beijing aims to boost its chip-design software program sector in response to new United States-imposed bans on shipping to China electronic design automation (EDA) software program used in making one of the most cutting-edge 3-nanometer (nm) semiconductors. The United States Commerce Department’s Bureau of Industry and Security (BIS) announced on August 12 its decision to establish brand new export controls […]

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Ukraine sets the mold for commercial space wars

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Satellites owned by private companies have played an unexpectedly important role in the war in Ukraine. For example, in early August 2022, images from the private satellite company Planet Labs showed that a recent attack on a Russian military base in Crimea caused more damage than Russia had suggested in public reports. Ukrainian President Volodymyr […]

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Ukraine puts Indonesia on brink of a noodle crisis

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JAKARTA – Despite the involvement of a domestic company in renewed grain shipments, Indonesia has not been – nor is likely to be – the early beneficiary of any wheat from Ukraine or Russia following the reopening of Black Sea ports under a United Nations-brokered deal last month. Instead, Association of Flour Producers (Aptindo) chairman […]

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China’s liquidity trap growing deep and wide

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The People's Bank of China is is unlikely to resort to a “flood-like” wave of monetary stimulus next year. Photo: iStock

For years, economists debated whether China might go the way of Japan. Though the jury is still out, Beijing is displaying Tokyo-like symptoms in at least one alarming respect: a liquidity trap.

No central bank demonstrates John Maynard Keynes’ warning about getting caught in the monetary mud more than the Bank of Japan. For 20 years now, the BOJ’s wheels have spun faster and faster in a frantic effort to escape deflation.

China doesn’t yet face a lost decade. And Asia’s biggest economy might very well avoid one altogether. But the People’s Bank of China (PBOC) confronts a monetary traction problem just as the economy faces a convergence of headwinds.

With data suggesting a marked economic growth downshift, the PBOC announced a surprise rate cut on August 15. Governor Yi Gang reduced the rate on the PBOC’s one-year loans by 10 basis points to 2.75% and trimmed the seven-day reverse repo rate to 2%.

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One year on, Taliban fails to honor anti-terror vow

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When the Taliban came back to power in Afghanistan on Aug 15, 2021, there were faint hopes that this time would be different. The Taliban guaranteed to respect girls’ education and women’s rights, and to not allow the country to become breeding ground intended for terrorism, as it had been in the Taliban’s earlier stint in […]

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UK chips industry dying a certain death

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US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm. The EU is also making moves to […]

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