President Xi: we hate the American government, not the American people, especially rich American people like Bill Gates and Elon Musk.
I already posted in the world news thread but probably it is also related to Chinese semiconductor industry. Not sure why Micron mentioned Taiwan's Powertech as a supplier for the equipment.
The investment will include buying packaging equipment from a Xian-based subsidiary of Taiwan's Powertech Technology Inc, which Micron has been using in the factory since 2016, the company said.
It will also open a new production line at the site to manufacture mobile DRAM, NAND and SSD products to strengthen the plant's packaging and testing capabilities.
Just a few weeks ago, the MSM said that Micron derived 11% of revenue from China and if included Hong Kong it is 16%. However, I guess MSM lied. As it now said that the total revenue from China including Hong Kong from direct to indirect is 25%.Looks like the chapters in Micron keeps getting more interesting as the story goes on. Just out in business news - Micron's revenue hit from the China security concerns worse than expected:
Paywall free link:
Sounds like Japan just got even more incentives to buy BYDs. A win-win-win in my book.Lolwut, thanks Uncle Sam for pushing everyone to pay and accept yuan.
Japan holds 30% stake, so they're accepting the payment in yuan.
Germany has no more money for EU – finance minister
Germany cannot afford to pay more money into the EU budget, Finance Minister Christian Lindner told the newspaper Die Welt on Friday. Although Germany is the bloc’s largest contributor, it has been forced to make cutbacks as its economy contracts.
"In view of the necessary cuts in our national budget, we are currently unable to make any additional contributions to the budget of the European Union," Linder told reporters in Brussels, adding that other member states have come to the same realization.
Lindner explained that the EU has maxed out its long-term budget through 2027, largely as a result of the bloc’s lavish aid packages to Ukraine. According to the latest figures from Brussels, the EU has given Kiev €72 billion ($79 billion) in economic, military, and humanitarian aid since Russia’s military operation in Ukraine began last February.