Lowyat.NET: Latest topics by shamino_00

US may debt default in coming months

shamino_00 — Sun, 02 Apr 2023 21:35:16 +0800

[YOUTUBE]ghCko9E8lQQ[/YOUTUBE]

TSMC & SAMSUNG to reveal trade secrets

shamino_00 — Sun, 02 Apr 2023 21:13:39 +0800

https://www.channelnewsasia.com/business/so...riteria-3384161

SK Hynix parent SK Group plans to invest US$15 billion in the US chip sector, including to build an advanced chip packaging factory, and has said it is considering applying for funding. Samsung is building a chip plant in Texas that could cost more than US$25 billion and has said it is reviewing the guidelines.

However, funding applications may require detailed cost structure information as well as projected wafer yields, utilisation rates and price changes, which three Korean chip sources told Reuters was akin to revealing corporate strategy.

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So far, I read, the subsidies given to Intel, Qualcomm and other US companies, maybe left less 10% to be given to TSMC, Samsung....maybe less then 5 billion each.

To get this subsidy, they must reveal their trade secrets to US and must never do business in China basically locking them into 1 customer in US. If company like Apple didn't take their orders then they are fck up badly.....probably destroyed

When foreign power comes to ASIA

shamino_00 — Sun, 02 Apr 2023 20:20:24 +0800

https://www.theguardian.com/world/commentis...china-its-teeth

War in Taiwan will dwarf Ukraine unless the US shows China its teeth

It is generally acknowledged that a Chinese invasion of Taiwan, drawing in the US and possibly Japan, Australia and Britain, could dwarf the Ukraine crisis both in scale and danger. Top US generals and officials have repeatedly warned an attack is becoming more probable and more feasible. And yet it remains spectacularly unclear what the Biden administration would actually do in response.

The longstanding US policy of “strategic ambiguity”, designed to leave Beijing guessing about Washington’s intentions, has helped keep a lid on cross-strait tensions. But the dynamic has changed radically with the rise of China’s president, Xi Jinping, to a position of supreme power and the advent of his aggressive approach to Taiwan and international relations as a whole.

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Portoguese, Dutch, English invade Malaysia

Dutch invade Indonesia

US invade Philippines

UK took Hong Kong

France took Laos

When foreign power comes to ASIA/ASEAN again.......

When the Arab and Chinese came to contact in Malaysia, Trade was born..........

EU ask South Korea to pay money to Ukraine

shamino_00 — Sun, 02 Apr 2023 16:57:11 +0800

https://euobserver.com/world/156886

Michel and von der Leyen will "urge" Yoon "to further align with the EU sanctions against Russia/Belarus and encourage South Korea to supply lethal military assistance to Ukraine", it said.

They will also press him to lean on non-aligned Asian countries to help finance Ukraine. "Seoul has already sought to garner support among wavering states, but could be more pro-active," the EU memo said.

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North Korea preparing to sent ammo to Russia

shamino_00 — Sun, 02 Apr 2023 14:10:46 +0800

[YOUTUBE]fVs8ut0Pnz4[/YOUTUBE]

BYD launches world first Sodium Ion EV car

shamino_00 — Sun, 02 Apr 2023 10:49:57 +0800

https://carnewschina.com/2023/03/31/byd-rev...um-ion-battery/

The official price of the Seagull will be between 80,000 yuan – 100,000 yuan ($11,600 – $15,600), according to BYD. However, the dealer’s marketing material leaked two weeks ago revealed that the pricing would start at 65,000 yuan ($9,500). BYD denied this information. BYD dealers, like other dealers, have some flexibility when setting up the final retail price and don’t always follow the official MSRP. China is currently in the mild of a price war that Tesla started in January, and dealers’ price cuts for both EVs and ICE are as high as $14,000 for some models, for example, the BMW i3.

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[YOUTUBE]QZdWxWtQBHs[/YOUTUBE]

Macron fly to Beijing asking for help

shamino_00 — Sun, 02 Apr 2023 09:57:22 +0800

https://www.afr.com/world/europe/macron-hea...20230402-p5cxbt

Macron heads to Beijing, as Europe wrestles with the China challenge

London | French President Emmanuel Macron will on Wednesday become the second European leader in less than a week to meet Chinese President Xi Jinping in Beijing, as Europe makes overtures to China despite a drumbeat of hawkish Brussels rhetoric.

Mr Macron, like Spanish Prime Minister Pedro Sanchez last week, is ostensibly focused on lobbying Mr Xi to play a more even-handed role in pursuing a peaceful settlement between Russia and Ukraine.

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Expensive energy prices, American companies making huge profit at the expense of EU companies

EU now depend only 1 source, that is US after cutting their energy lifeline of Russia and wobbling middle east countries as US retreating from the middle east while China moves in with Russia/China combo with Iran.

US won't able to print another 150 billions

shamino_00 — Sun, 02 Apr 2023 09:01:08 +0800

https://www.asiaone.com/business/us-lose-15...octafx-analysis

The U.S. to lose $150 billion due to the China-Brazil trade agreement: an OctaFX analysis

KUALA LUMPUR, MALAYSIA - Media OutReach - 31 March 2023 - The OctaFX experts comment on the deal announced this week by the Chinese and Brazilian governments on direct payments that will deprive the U.S. of more than $150 billion in liquidity.

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China Elon Musk is back again

shamino_00 — Sat, 01 Apr 2023 23:29:30 +0800

[YOUTUBE]HRSheMSxTHc[/YOUTUBE]

Korean forced to swallow bitter pill of history

shamino_00 — Sat, 01 Apr 2023 16:51:08 +0800

[YOUTUBE]4VVEi8bh6tE[/YOUTUBE]

The New Mafia Don Chino,call Saudi, how's progress

shamino_00 — Sat, 01 Apr 2023 15:19:05 +0800

[YOUTUBE]0dEYOeYIm2U[/YOUTUBE]

TSMC in deep shit, cannot increase price

shamino_00 — Sat, 01 Apr 2023 11:07:13 +0800

https://www.gizmochina.com/2023/03/31/apple...price-increase/

Apple’s A17 and M3 Chips in Jeopardy: The Implications of Rejecting TSMC’s Price Increase

According to a blogger, Apple has declined TSMC‘s request for a price increase in 2023. This decision was made because iPhone sales are declining, making it hard for Apple to justify raising prices for the new process and technology. Apple thinks it has already paid for the new process and any more price increases would be unfair given the disappointing iPhone sales performance.

Apple Pushes Back on TSMC Price Hike Amid 3nm Production Struggles

TSMC’s struggles with its 3nm chip production have also caused Apple to reconsider its performance targets for the upcoming high-end iPhone SoC. As the only customer for TSMC’s 3nm chips, Apple is waiting for the semiconductor manufacturing giant to provide a solution. The current situation could jeopardize the long-standing cooperative relationship between the two companies, as Apple may have to sacrifice the performance of its A17 chip if improvements cannot be made.

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TSMC price, being dictated by 1 customer only, that's Apple. As all cost now increase....

ASEAN may drop VISA & Mastercard usage

shamino_00 — Sat, 01 Apr 2023 10:53:41 +0800

https://www.aseanbriefing.com/news/asean-fi...and-mastercard/

ASEAN Finance Ministers and Central Banks Consider Dropping US Dollar, Euro and Yen, Indonesia Calls for Phasing Out Visa and Mastercard

An official meeting of all ASEAN Finance Ministers and Central Bank Governors kicked off on Tuesday (March 28) in Indonesia. Top of the agenda are discussions to reduce dependence on the US Dollar, Euro, Yen, and British Pound from financial transactions and move to settlements in local currencies.

The meeting discussed efforts to reduce dependence on major currencies through the Local Currency Transaction (LCT) scheme. This is an extension of the previous Local Currency Settlement (LCS) scheme that has already begun to be implemented between ASEAN members.

This means that an ASEAN cross-border digital payment system would be expanded further and allow ASEAN states to use local currencies for trade. An agreement on such cooperation was reached between Indonesia, Malaysia, Singapore, the Philippines, and Thailand in November 2022. This follows from Indonesia’s banking regulator, stating on March 27 that the Bank of Indonesia is preparing to introduce its own domestic payment system.

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US EPF like money possible run out in 10 years

shamino_00 — Sat, 01 Apr 2023 08:14:31 +0800

https://sg.finance.yahoo.com/news/social-se...-154525572.html

Social Security's reserves are projected to run out in 2033, according to a new report, at which point the entitlement program's trust fund will be able to pay out just 77% of benefits to seniors.

That estimate is a year earlier than what was stated in the 2022 report for the Old-Age and Survivors Insurance (OASI) Trust Fund, according to the annual report released Friday from the trustees of the program. The revision reflects a 3% reduction in labor productivity and gross domestic product.

One bright spot: A projection for a key trust fund for Medicare is better. It's expected to exhaust its reserves by 2031, three years later than reported last year, after new data forecast lower health-care spending.

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Depositors yank 126 Billions from US banks

shamino_00 — Sat, 01 Apr 2023 08:11:19 +0800

https://sg.finance.yahoo.com/news/depositor...-210851940.html

Depositors drained another $126 billion from U.S. banks during the week ending March 22, according to new Federal Reserve data. This time the outflow came from the nation's largest institutions.

The biggest 25 banks lost $90 billion on a seasonally adjusted basis, according to the Fed. The smaller banks, which suffered massive withdrawals the previous week as regulators seized regional lenders Silicon Valley Bank and Signature Bank, were able to stabilize their outflows. They actually gained back $6 billion on a seasonally adjusted basis.

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China GuoWang mega constellation to rival starlink

shamino_00 — Fri, 31 Mar 2023 23:10:55 +0800

https://spacenews.com/china-to-begin-constr...ater-this-year/

HELSINKI — China is preparing to launch its first satellites for a national low Earth orbit broadband megaconstellation to challenge SpaceX’s Starlink.

A Long March 5B rocket will be equipped with a Yuanzheng-2 second stage for the first time and launched from the coastal Wenchang spaceport in the second half of the year.

The China Aerospace Science and Technology Corporation (CASC), the country’s main space contractor, stated in early March that the new Long March 5B and upper stage configuration would be used to launch satellites for a LEO satellite network.

China is developing its plans to deploy a 13,000-satellite low Earth orbit (LEO) broadband megaconstellation, sometimes referred to as “Guowang,” or national network, to rival Starlink and other Western ventures.

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Elon Musk wants to meet with CCP

shamino_00 — Fri, 31 Mar 2023 23:08:50 +0800

https://www.reuters.com/business/teslas-mus...ces-2023-03-31/

Exclusive: Elon Musk plans China visit, seeks meeting with premier

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US Micron to be under probe by China

shamino_00 — Fri, 31 Mar 2023 23:05:04 +0800

https://www.reuters.com/technology/china-co...cts-2023-03-31/

China to examine U.S. chipmaker Micron's products for cybersecurity risks

BEIJING, March 31 (Reuters) - China's cyberspace regulator will conduct a cybersecurity review of products sold in the country by U.S. memory chip manufacturer Micron Technology (MU.O), the regulator said on Friday.

The move is aimed at protecting the security of the supply chain for critical information infrastructure, prevent hidden risks and safeguard national security, the Cyberspace Administration of China said in a brief statement.

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Ukraine finally goes dark....

shamino_00 — Fri, 31 Mar 2023 13:25:43 +0800

https://www.nytimes.com/2023/03/30/world/eu...e-darkness.html

No power, no lights, no water, no heat. In Ukraine over the past year, waves of Russian missiles have assailed the nation’s infrastructure, leading to daily struggles for civilians and to months of frantic repairs to keep the electricity flowing

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TESLA request China help to setup EV battery in US

shamino_00 — Fri, 31 Mar 2023 13:18:19 +0800

[YOUTUBE]nwQXspFGLAk[/YOUTUBE]