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Fatih Birol, Executive Director, International Energy Agency, Paris; Jonathan Price; Kgosientso Ramokgopa, Minister of Electricity and Energy of South Africa; Maria da Graça Carvalho, Minister of Environment and Energy of Portugal; Meghan O'Sullivan, Director, Belfer Center for Science and International Affairs, Harvard University, USA; Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS (Petroliam Nasional), Malaysia; speaking in The Geoeconomics of Energy and Materials session at the World Economic Forum Annual Meeting 2025 in Davos-Klosters, Switzerland, 21/1/2025, 09:30 – 10:15 at Congress Centre - Aspen 2. Stakeholder Dialogue. Copyright: World Economic Forum / Valeriano Di Domenico
I was digging through stuff and found my old Advanced Photo System camera. APS was about the most useless advancement in photography ever. (The most useless being disc film.) Way to go Kodak, George would be proud.
Friday, Chad and Jeff attended an advanced composite fabrication workshop at the Kreysler & Associates manufacturing facility near Vallejo, California. The day started with a broad overview of composite technology and its applications for architecture. Attendees were then taken on a tour of the facility and watched demonstrations of carbon fiber being infused with resin by vacuum and closed-mold methods. At the time of the tour, the facility was being used to produce the cladding for SFMOMA (San Francisco Museum of Modern Art)’s new expansion, designed by Snøhetta, and participants witnessed each stage of the fabrication process for the unique panel system. We are excited by the possibilities and potential uses of this strong and lightweight material because is stronger and lighter than steel and comes in any color, texture, shape, or size.
The Biden administration is expected to officially enforce an export ban on advanced AI accelerators to China by AMD, Nvidia and others, Reuters reported on Sept. 11. The ban, announced late last month, restricted the export of Nvidia’s A100 and H100 AI accelerators as well as AMD’s MI250X GPUs. Nvidia has warned this restriction could hurt its sales by $400 million next quarter.
The Biden administration ban on chip sales to China will no doubt hurt U.S. domestic tech companies innovation and sales. The ban may hurt China in the short run, but it will hurt the U.S. in the long term as China will definitely overcome the ban and find solution within a few years.
Nvidia shares have lost more than 13% since the end of August, while AMD shares, which had rebounded well after the release of the second quarter earnings, have fallen by 9.2% since the end of August. Intel shares lost 8.2% of their value over the same period, Micron shares fell 5.1% and Qualcomm shares fell 5.5%.
seekingalpha.com/news/3881940-increased-restrictions-on-s...
Increased restrictions on selling chip equipment to China could be 'last bit of bad news'
The report that the U.S. Department of Commerce is looking to intensify restrictions on several chip equipment makers over selling equipment to China could be seen as "the last bit" of bad news for the group, according to some Wall Street analysts.
Citi analyst Atif Malik said that the restrictions, which the Commerce Department is expected to announce in short order, could be targeted at Chinese memory projects and lithography tools. However, the investment firm did not change its annual estimate of $80B in wafer fab equipment sales, as the estimate already includes a 40% year-over-year decline in Chinese spending on 14 nanometer and below production and memory projects.
"We continue to believe the group bottoms in [September/October] with expanded China restrictions the last bit of [wafer fab equipment] bad news," Malik wrote in a note to clients.
The Commerce Department is slated to publish new guidelines constructed from the restrictions outlined in the letters that were sent to Applied Materials (NASDAQ:AMAT), KLA Corporation (NASDAQ:KLAC), and Lam Research (NASDAQ:LRCX).
Applied Materials (AMAT), KLA Corporation (KLAC), and Lam Research (LRCX) were fractionally lower in premarket trading.
It's also possible that other semiconductor companies, such as Nvidia (NVDA) and Advanced Micro Devices (AMD), may be impacted, UBS analyst Timothy Arcuri said. However, the analyst added there was not "much new" to what the Commerce Department is already planning to do.
"The incremental piece to the story would, in our view, be if the [Commerce Department] placed more direct bans on [Yangtze Memory Technologies] – one of the most successful domestic Chinese chipmakers, we think representing [more than] 10% of revenue for [Lam Research] and mid to high single digit revenue for other US suppliers," Arcuri wrote in a note to clients.
Last week, several GOP lawmakers said that Apple (AAPL) would face further scrutiny from Congress if it sourced products from Chinese-based Yangtze Memory Technologies for its iPhones.
Arcuri added that chip equipment makers are likely to see continued headwinds for the next few quarters, with wafer fab equipment sales declining.
However, Nvidia (NVDA) is viewed favorably as it may be able to sell older products and "work around" some of the China-related restrictions and recapture some of the lost $400M in revenue the company highlighted in a recent filing.
Nvidia (NVDA) and AMD (AMD) both recently disclosed they had been informed by U.S. officials that certain semiconductor products could no longer be sold in China or Russia due to their potential use in military projects in those countries.
Applied Materials (AMAT) recently announced its 26-cent-per-share dividend, payable on December 15 to shareholders of record November 25.
Prudence Siebert
Advanced Media Training Instructor Lt. Col. Stacy Bathrick provides feedback to a Command and General Staff College Intermediate Level Education student, while ILE students observe while waiting their turns, after a mock morning program interview March 1 at the television studio in Eisenhower Hall. Students in the four-hour block of instruction addressed a scenario concerning the war-zone shooting of a 12-year-old boy in three types of interviews. Photo credit Prudence Siebert
For details of the advanced mastery training on DVD featuring Andrew T. Austin, Steve Andreas, Steve Watson and Charles Faulkner, please see: www.realpeoplepress.com/advanced-mastery-training-p-83.ht...
Also see: www.23nlpeople.com
ADVANCED CLASS — Advanced class top three: Harrod, Best, Corker. (U of A System Division of Agriculture photo)
Silvia, Koven, Allegra, and Jane on the Advanced Handhelds panel at the Tate Modern's Handheld Tour Conference "From Audiotours to iPhones".