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Exclusive-China starts production of home-grown immersion DUV chipmaking tools - source
Reuters24d agoneutral
Exclusive-China starts production of home-grown immersion DUV chipmaking tools - source

China has begun mass producing domestically developed immersion deep-ultraviolet (DUV) lithography machines, a technology crucial to advanced chipmaking, a person familiar with the matter said, marking a key step forward in Beijing's drive to ‌reduce its reliance on foreign technologies. Shanghai Aishengna Electronic Technology Group, a little-known Chinese state-owned company, is leading the production effort ‌after incorporating teams from top Chinese lithography startups, the source said, declining to be named due to the sensitivity of the subject. The development represents a win for Beijing's nationwide ​semiconductor self-sufficiency initiative, one of President Xi Jinping's highest priorities, but will not pose an immediate commercial threat for Dutch supplier ASML.

Tech Earnings, Fed Rate Decision: What to Watch This Week
The Wall Street Journal24d agoneutral
Tech Earnings, Fed Rate Decision: What to Watch This Week

Today Earnings (a.m.): Coca-Cola, UPS, Boeing, Sherwin-Williams, Hilton, Centene, PayPal, S&P Global Earnings (p.m.): Visa, Ford Motor, Mondelez International, Waste Management, PPG Industries, Bloom Energy, Avis Budget, Seagate Technology Economic data: Consumer confidence index, Johnson Redbook retail sales index, U.

Google rivals line up seeking damages after record $1 billion fine
Reuters24d agoneutral
Google rivals line up seeking damages after record $1 billion fine

A decades-long crackdown on Google's business practices in Europe is entering a costly new phase, as the loss of the first case brought against it under new EU legislation opens the door to a wave of private lawsuits demanding up to $10 billion in damages. That has been precipitated by a $1 billion fine, the first under the Digital Markets Act, imposed on the company for favouring its own services and preventing app developers from ​steering users to cheaper options outside its app store Google Play. "I think this will trigger a new wave of litigation," said Thomas Hoppner, a partner at Geradin Partners, which advised German price comparison platform Idealo for market abuse.

IWM- What Higher Rates Mean for Small Caps
MoneyShow24d agoneutral
IWM- What Higher Rates Mean for Small Caps

Recent inflation trends have forced the Federal Reserve to pause anticipated rate cuts, making high interest rates and small stocks an important topic for investors again. The common belief is that small stocks underperform when interest rates are high or rising. That view is not baseless, outlines Faris Sleem, editor of The Bowser Report.