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Corporate/Industry Exports

America’s Gas Bonanza Brings Biden New Political Dilemmas

The U.S. has become the world’s top exporter of liquefied natural gas. President Biden is finding that this superpower status comes with its own set of headaches. In the past two years, hundreds of cargoes loaded with supercooled gas departed the U.S. Gulf Coast as foreign buyers turned to America for energy supplies. Developers of export terminals have seized the momentum to advance plans to build new plants and crank out even more LNG.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

Nvidia’s New China Pickle: Customers Don’t Want Its Downgraded Chips

SINGAPORE—After U.S. regulations barred Nvidia from selling its high-performance artificial-intelligence chips to China in October, the company’s engineers quickly designed a new lineup to comply with the tightened rules.The U.S. tech company may have found some wiggle room, but it faces a bigger problem: Chinese cloud companies—some of Nvidia’s biggest customers globally—aren’t so keen on buying its lower-powered AI chips. Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Volkswagen’s Elusive Quest to Make an EV for the Masses

Updated Dec. 31, 2023 7:45 pm ETBERLIN—Almost a decade ago, Volkswagenset out on an expensive quest to dominate the new world of software-defined cars and build the electric “people’s car.” It is still trying. The German automaker has invested billions of euros, retooled entire plants and created new software and battery companies to assist in making the transition. However, VW has yet to produce an EV that has matched the success of its historic gas-powered models such as the Beetle and the Golf in its core markets. 

Netherlands Blocks ASML Exports of Some Chip-Making Equipment to China

Updated Jan. 2, 2024 4:10 am ETThe Netherlands has blocked chip-equipment manufacturer ASML’s exports to China of some lithography systems, which are essential to making advanced microprocessors, in a partial license revocation following U.S. export restrictions.The Netherlands-based company said Monday that the Dutch government recently partially revoked an export license for shipping the NXT:2050i and NXT:2100i lithography systems to China in 2023.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved.

Alibaba Scraps Cloud Unit Spinoff, Citing Washington’s Chip Curbs

Nov. 16, 2023 10:10 am ETSINGAPORE—Washington’s latest curbs on the export of high-performance chips to China are beginning to bite.Alibabaon Thursday said it had scrapped its plan to spin off and list its cloud-computing division, citing the impact of the export controls that took effect late last month. The restrictions “may materially and adversely affect” the cloud business’s ability to offer products and services and to perform under existing contracts, Alibaba said, adding that it would focus on the division’s

Nvidia Warns of Lost Opportunities if U.S. Bans AI Chip Exports to China

Potential new restrictions on the sale of artificial intelligence semiconductors to China could come with a hefty long-term cost for the American chip industry—and another setback for U.S. relations with Beijing. Potential new restrictions on the sale of artificial intelligence semiconductors to China could come with a hefty long-term cost for the American chip industry—and another setback for U.S. relations with Beijing. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno…

Latest 'Fast & Furious' Movie Tops Weekend Box Office

“Fast X,” the 10th movie in the saga, opened with $67.5 million domestically and $251.4 million overseas, showing the action franchise’s international popularity. “Fast X,” the 10th movie in the saga, opened with $67.5 million domestically and $251.4 million overseas, showing the action franchise’s international popularity. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…

Adidas Seeks Redemption in China

The sportswear brand is backing the Chinese government’s sports and cultural projects in a bid to reverse its decline in an increasingly competitive market. The sportswear brand is backing the Chinese government’s sports and cultural projects in a bid to reverse its decline in an increasingly competitive market. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source…

Brazil's Petrobras to End Market-Friendly Fuel Pricing

Leftist President Luiz Inácio Lula da Silva has called for more control of gasoline and diesel prices, which analysts see as a possible return to costly fuel subsidies. Leftist President Luiz Inácio Lula da Silva has called for more control of gasoline and diesel prices, which analysts see as a possible return to costly fuel subsidies. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink…

Chinese Exports Surge as Trade With Russia and Southeast Asia Jumps

China’s exports bounced back sharply in March, a surprise that reflects greater demand in Asia and Europe as well as improved supply chain conditions. China’s exports bounced back sharply in March, a surprise that reflects greater demand in Asia and Europe as well as improved supply chain conditions. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…