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What just happened? China has long sought to lessen its reliance on foreign chipmakers and focus on its home-grown options, part of the Made in China 2025 plan to update its domestic manufacturing capabilities. But those ambitions could be scuppered by the US, which wants to ban the sale of lithography tools produced by Netherlands-based ASML to the country. ASML, the world's largest supplier of lithography machines used in the chipmaking process, is already prohibited from selling its most advanced extreme ultraviolet (EUV) lithography equipment, which costs about $164 million per unit, to its Chinese customers as it cannot obtain an export license from the Dutch government due to pressure from the United States. Bloomberg writes that the US government is now pushing ASML to also stop selling its older deep ultraviolet (DUV) lithography tools to Chinese clients. Despite being a generation old, the technology is still used to create chips found in phones, autonomous cars, PCs, … [Read more...] about The US looks to kill Chinese chipmaking ambitions with ASML sales ban

Audio player loading… Stranger Things season 4 has officially entered the Netflix billionaire's club. Following the release of season 4’s final two episodes on July 1, the latest entry in the Duffer Brothers’ acclaimed sci-fi show has become the biggest English-language Netflix series of all time and the first to rack up over one billion viewing hours in its first 28 days of release. As per the streamer’s most recent popularity rankings (opens in new tab) , Stranger Things season 4 accrued almost twice as big an audience as the second-most popular English-language Netflix series, Bridgerton season 2 (which earned 656 million viewing hours in its opening month), and has so far registered around half a billion more viewing hours than Stranger Things season 3 managed in the same period. Stranger Things season 4 is now second only to Squid Game on the list of the streamer’s most popular TV series, period, and although episodes 1-7 will no longer … [Read more...] about Stranger Things 4 is demolishing Netflix records – but can it eclipse Squid Game?

President Joe Biden is traveling to Ohio on Wednesday, even as his administration is preparing to lift some of the economic tariffs on China. The president is expected to journey to Cleveland to talk about the growth of the economy and speak at the Iron Workers Local 17 Training Center. Recent reports say the president may act as soon as this week to lift billions of dollars of tariffs on China-made goods shipped to the United States. Corporations have campaigned extensively to get Biden to lift tariffs, citing record-high inflation as a reason for doing so. But economists estimate lifting tariffs will have a very little immediate impact on consumer prices. Congressman Tim Ryan (D-OH), who is running for Senate in Ohio, lambasted the president in June for even considering the idea. “Letting up on a communist government that’s made it their decades-long mission to undercut American manufacturing isn’t how we bring costs down,” he wrote on social media. “It’s these … [Read more...] about Joe Biden Traveling to Ohio to Promote Economy While Preparing to Lift Tariffs on China