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2:00PM Water Cooler 5/17/2021 | naked capitalism

Politics “But what is government itself, but the greatest of all reflections on human nature?” –James Madison, Federalist 51 “They had one weapon left and both knew it: treachery.” –Frank Herbert, Dune “They had learned nothing, and forgotten nothing.” –Charles Maurice de Talleyrand-Périgord Biden Administration UPDATE “Biden to Send U.S.-Authorized Vaccines Abroad for First Time” [Bloomberg]. “President Joe Biden plans to send an additional 20 million doses of U.S. coronavirus vaccines abroad by the end of June including, for the first time, shots authorized for domestic use, where supply is beginning to outstrip demand. Biden will announce Monday that he’ll export 20 million doses of vaccines from Pfizer Inc., Moderna Inc. or Johnson & Johnson, on top of 60 million AstraZeneca Plc doses he had already planned to give to other countries, according to a senior administration official familiar with the plan. The official, who asked not to be identifi

SMIC Reports 2021 First Quarter Results

SMIC Reports 2021 First Quarter Results All currency figures stated in this report are in US Dollars unless stated otherwise. The consolidated financial statements are prepared in accordance with International Financial Reporting Standards ( IFRS ). News provided by Share this article Share this article SHANGHAI, May 13, 2021 /PRNewswire/ Semiconductor Manufacturing International Corporation (SSE STAR MARKET: 688981; SEHK: 00981) ( SMIC , the Company  or we ), one of the leading semiconductor foundries in the world, today announced its consolidated results of operations for the three months ended March 31, 2021. 20  Quarter Highlights Revenue was $1,103.6 million in 1Q21, an increase of 12.5% QoQ from $981.1 million in 4Q20, and 22.0% YoY from $904.9 million in 1Q20.

U S will remove Xiaomi from blacklist, reversing jab by Trump

Source: Highlights The company`s share price has tumbled roughly 20% since it was placed on the blacklist in January. The Defense Department did not immediately comment. Seven other Chinese companies were also placed under similar restrictions. WASHINGTON (Reuters) -The U.S Defense Department will remove China`s Xiaomi Corp from a government blacklist, a court filing showed, marking a reversal by the Biden administration of one of Donald Trump`s last jabs at Beijing before exiting office. The court filing said the company and the U.S. government would agree to resolve their ongoing litigation, bringing to an end a brief and controversial spat between the hardware company and Washington that had further soured Sino-U.S. ties.

TSMC s Chairman, Founder Express Disapproval of Moving Manufacturing to US From Taiwan - Bringing you Truth, Inspiration, Hope

TSMC s Chairman, Founder Express Disapproval of Moving Manufacturing to US From Taiwan - Bringing you Truth, Inspiration, Hope
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