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Nuclear Crunch and Searing Heat Stoke Blackout Fears in South Korea


Heesu Lee, Bloomberg News
(Bloomberg) South Korea is urging companies, businesses and the public to roll back their electricity consumption as the year’s worst heatwave threatens to outstrip supply.
Surging electricity demand from scorching heat and reduced operations at nuclear reactors are straining the country’s power grid, according to the energy ministry, which is asking for a nationwide effort to conserve energy, starting with government offices.
Korea Power Exchange estimates the reserve margin, the projected buffer between the amount of power that plants have available and expected peak demand, will this afternoon fall below 2018 levels when the country experienced the worst heatwave in 111 years. ....

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Intel CEO Sees Prolonged Chip-Supply Constraints — Update


Provided by
Dow Jones
By Paul Ziobro
Intel Corp. s new chief executive said a global chip-supply shortage could stretch two more years as the U.S. semiconductor giant posted weaker quarterly earnings.
Pat Gelsinger said the supply constraints that have affected some sectors of the global economy for months will continue until more capacity comes online to meet chip demand for everything from automobiles to electronics.
This will take a while until people can put more capacity in the ground, he said in an interview. It s just the way it is when you re building new factories.
The global shortage of semiconductor chips has disrupted manufacturing across various sectors, leading to temporary shutdowns of automobile factories and reduced supply of items such as computers and some appliances. Chip companies have been scrambling to help overcome the shortage. ....

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