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Spy equipment found on Chinese-made cranes at major U.S. ports Over 5 years, we will invest more than $20B ... in crane production and port security in the U.S. U.S. gets first homegrown crane production line in 30 years ... Mitsui E&S subsidiary Paceco produces The United States says it has identified spy equipment and suspicious communications equipment on Chinese-made cranes installed at major ports, and will replace them as a security measure for key strategic ports. The U.S. infrastructure investment budget is coming into play, with approximately $20 billion to be invested over the next five years. The cranes will be produced by Paceco, a subsidiary of Japan's MitsuiE&S, meaning the US will have a homegrown crane production line for the first time in nearly 30 years. Spy equipment found on Chinese-made cranes at major U.S. ports Strategic Materials Surveillance Threats, Espionage Threats of software misbehavior and sabotage The Biden administration has revealed that Ch

TSMC secures $5B in US CHIPS grants U.S. CHIPS grants: $39 billion + $75 billion (loans and loan guarantees) Samsung Electronics, Intel, Micron, and others expected to receive grants Taiwan's TSMC is expected to receive more than $5 billion in subsidies under the U.S. Semiconductor Support Act (CHIPS). Samsung Electronics, Intel (INTC: US), and Micron (MU: US) are also expected to benefit from the subsidies. The CHIPS Act will provide $39 billion in direct payments and $75 billion in loans and loan guarantees, with $28 billion of the $39 billion going to advanced semiconductor production lines. CHIPS grants The problem is that the direct subsidy payments from the U.S. Semiconductor Support Act (CHIPS) are $39 billion, while semiconductor companies have applied for more than $70 billion, making it difficult to fully fund the program. Samsung is reportedly discussing additional investments in the U.S., pledging to invest more. TSMC is investing about $40 billion to build two semicond

US Jobs report: Increased employment, Economic growth stable Wall Street focus on potential rate cuts U.S. February Nonfarm Payrolls: 275,000 ... up 200,000 for the third consecutive month U.S. February unemployment rate: 3.9% ... has remained below 4% since January 2022 US jobs report Unemployment: FRED unemployment rate increased +0.2 percentage points from the previous month (3.7%, January) to 3.9%. All employees, Total nonfarm: FRED Nonfarm payrolls increased slightly from the previous month (229K, January) to 275K. Along with solid employment, the eye is on the possibility of unemployment exceeding 4%. Since January 2022, the unemployment rate has been below 4% and inflation has been high. Could this change now? Wall Street still sees June as the time for the Fed to cut rates. Powered by, THOTH Investment Support the THOTH Newsroom

Chip War: U.S. Tightens China Semiconductor Regulations Participating countries include South Korea, the United States, Japan, Taiwan, the Netherlands, etc. Semiconductors become national strategic items around the world Chip War literally means semiconductor war. It's a technology race between the United States and China over the semiconductor industry, with countries in the liberal camp, led by the United States, trying to keep China's semiconductor industry in check. These countries include South Korea, the United States, Japan, Taiwan, Germany, and the Netherlands. Chris Miller, the author of 「Chip War」, describes the semiconductor industry in detail in his book and suggests that it will become a national survival strategy. I recommend reading it. 「반도체 주권국가」 is a book written by former Minister Park Young-sun, Dr. Kang Sung-chun, and CEO Cha Jeong-hoon, and is rated as a book comparable to Chip War. I recommend reading it. Semiconductors have now become a central industry f

South Korea's Top 25 Companies by Market cap What are Chaebols? South Korea became an economic powerhouse after the Korean War with rapid industrialization, known as the "Miracle on the Han River". The top 25 largest South Korean companies by market capitalization on February 7, 2024, in U.S. dollars (USD), as provided by CompaniesMarketCap.com, as published on Visualcapitalist.com. Includes domestic stocks listed on the KRX, as well as U.S. stocks listed on U.S. exchanges, such as Coupang. South Korea's Top 25 Companies by Market cap Visualcapitalist; Ranked; South Korea's Companies https://www.visualcapitalist.com/ranked-south-koreas-largest-companies-by-market-capitalization/ Top 25 Companies in South Korea At the top of the list is Samsung Electronics. With a market capitalization of $375 billion, it's larger than the GDP of Qatar. Samsung is known for producing smartphones, white goods, and semiconductors, with its most profitable segment being semiconduc

Natural gas reserves by country(2023) Ukraine to "shut down Russia-Europe gas pipeline in 2025" Russia, No.1 in natural gas reserves ... After the war in Ukraine, weaponized natural gas Natural gas is used for electricity generation, heating, vehicle fuel, and a variety of industrial processes. This post was written by Gopalakrishnan Ravichandran using BP statistics as of September 2023 and visualizations from Visualcapitalist.com. Natural Gas Reserves, by Country https://www.visualcapitalist.com/cp/visualizing-natural-gas-reserves-by-country/ Natural gas reserves ranking Russian Federation : 37.4tcm, 19.9% Iran : 32.1tcm, 17.1% Qatar : 24.7tcm, 13.1% Turkmenistan : 13.6tcm, 7.2% US : 12.6tcm, 6.7% China : 8.4tcm, 4.5% Venezuela : 6.3tcm, 3.3% Saudi Arabia : 6.0tcm, 3.2% UAE : 5.9tcm, 3.1% Nigeria : 5.5tcm, 2.9% The reserves above are the amount of natural gas that can be extracted under existing economic and operating conditions. It is an amount that may increase or change i

Fed rate cuts to be hard?… Inflation target 2% "Fed needs to be confident of reaching its 2% Inflation target." For the U.S. Federal Reserve to cut interest rates, it first needs to have strong confidence in reaching and maintaining its 2% inflation target. Over the past year, inflation has been falling steadily, but not enough to reach the target, and the economy is showing signs of improvement. The question for the Fed is. If it cuts rates too soon, it will fail to reach its 2% inflation target and potentially cause high inflation to become entrenched. If they cut rates too late, high-interest rates could push the economy into recession. Fed Chairman Jerome Powell's comments echo that concern. “Reducing policy restraint too soon or too much could result in a reversal of progress we have seen in inflation and ultimately require even tighter policy to get inflation back to 2%.”, “At the same time, reducing policy restraint too late or too little could unduly weaken econom