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The global semiconductor industry is prone to shortages and surpluses. Both drive capital investments. During shortages, chipmakers expand production capacity, leading to oversupply. Now, it’s a time of glut, and India is entering the manufacturing fray with a $10-billion incentive package for the semiconductor industry. This raises the question of whether it should get into […]
Today’s Google Doodle commemorates the life of Altina “Tina” Schinasi, a renowned American artist, designer, and inventor, known for revolutionising eyewear with her iconic Harlequin eyeglass frame, widely recognised as the “cat-eye” frame. Born on August 4 in 1907 in Manhattan, New York, to immigrant parents, Schinasi’s artistic journey began in Paris and culminated in […]
Unlike logic chips, which process information, memory chips, which store it, looked less vulnerable to the Sino-American techno-tussle. Such semiconductors are commodities, less high-tech than microprocessors and so less central to the great-power struggle for technological supremacy. That changed on May 21st, when the Chinese government banned memory chips made by Micron from critical-infrastructure projects. […]
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Policy makers are poised to raise their benchmark federal funds rate by a quarter percentage point on Wednesday, to a range of 4.5% to 4.75%, dialing back the size of the increase for a second-straight meeting. The move would follow a slew of recent data suggesting the Fed’s aggressive campaign to slow inflation is working. […]
Apple on Tuesday announced the biggest upgrade to the App Store pricing system since the launch of the shop, allowing developers to charge from 29 cents to $10,000 for their offerings. The enhanced pricing options to be available for all transactions at the App Store by spring of next year were touted along with new […]
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A US judge on Tuesday ruled a pandemic-era order used to expel hundreds of thousands of migrants to Mexico was unlawful, a decision that could have major implications for US border management. In a 49-page opinion, US District Court Judge Emmet Sullivan said the policy was “arbitrary and capricious” and violated federal regulatory law. The […]
The Customs and Border Protection commissioner said Friday that he had been asked to step down but was refusing to do so, in what appears to be the Biden administration’s first attempted shake-up after the midterm elections. The commissioner, Chris Magnus, said both Alejandro Mayorkas, the homeland security secretary, and the department’s deputy secretary asked […]
South Korea said it would sell thousands of artillery shells to the United States, but only on condition that the materiel be used by U.S. forces, not sent to help Ukraine in the war against Russia. Amid a global scramble for new sources of arms to send to Ukraine, South Korea, among other countries, has […]
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The United States in January will extend the Covid-19 pandemic status as a public health emergency, allowing millions of Americans to keep getting free tests, vaccines and treatments, a Biden administration official said on Friday. The possibility of a winter surge in Covid cases and the need for more time to transition out of the […]
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Indian American Nabeela Syed grabbed eyeballs on Wednesday after she won the US midterm election seat in Illinois’ lower house, beating the Republican incumbent, Chris Bos. The recent college graduate took to social media to share the news that has since gone viral. “My name is Nabeela Syed. I’m a 23-year-old Muslim, Indian-American woman. We […]
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