Friday, October 13, 2023

Taiwan will not surrender its semiconductor supremacy | Billionaire Tracker: Mike Bloomberg, Yuri Milner And The Other Ultra-Wealthy Donors To Israeli Groups Following The Attacks By Hamas | Treating beef like coal would make a big dent in greenhouse-gas emissions | Hiking Needs New Rules

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Taiwan will not surrender its semiconductor supremacy - The Economist   

FROM the 1970s until a few years ago Taiwan’s semiconductor sector looked worthy but dull. Its chip-fabrication plants (fabs for short) kept the global electronics industry ticking, but it was the gadgets the chips went into that made headlines.

No longer. The world’s geopolitical heavyweights now regard microprocessors as powering not just all manner of machines but their economies as well. America is splurging $50bn in subsidies to bring chipmaking back home. Europe has similar plans, not least to reduce its dependence on Taiwan, which next-door China claims as part of its territory. Rapidus, a joint venture of Japanese electronics firms, aims to be mass-producing cutting-edge chips by 2027, just two years after TSMC, the Taiwanese chip champion, will start manufacturing similar silicon. Samsung of South Korea, TSMC’s main rival, hopes to begin churning out such chips in 2025. China, for its part, wants to build an independent chip industry that does not have to rely on imports of technology, which America is choking off.

The stakes for Taiwan are high. So long as everyone relies on the island for semiconductors, the thinking goes, not even China will up-end the geopolitical status quo. If chips are made elsewhere, this “silicon shield” turns brittle. More prosaically, the sector, with eight of the country’s ten best-paying companies, provides good jobs. Taiwanese chip firms also have reasons to keep production at home. Too much expansion abroad could weaken local research networks and make it easier for foreign firms to poach staff.

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Billionaire Tracker: Mike Bloomberg, Yuri Milner And The Other Ultra-Wealthy Donors To Israeli Groups Following The Attacks By Hamas - Forbes   

Billionaire Yuri Milner, who was born in Russia but has long been a citizen of Israel, has promised $10 million in donations to Israeli humanitarian groups.

In the wake of the attacks by the terrorist group Hamas on Israelis that began on Saturday, the natural response of many people is to give donations to support the victims and their families. More than 1,000 Israelis have been reported killed and more than 2,800 injured, according to the Israeli Defense Forces; about 150 people are being held by Hamas, the Israeli government says. The Palestinian health authority has reportedly claimed 900 deaths in Gaza since Saturday.

Billionaires have begun to weigh in. On Tuesday, Meta CEO and founder Mark Zuckerberg said in an Instagram story that “The terrorist attacks by Hamas are pure evil. There is never any justification for carrying out acts of terrorism on innocent people,” and saying that his focus is on the safety of “our employees and their families in Israel and the region.” Hedge fund founder Bill Ackman went viral on X (formerly Twitter) on Tuesday with a post saying that CEOs had asked him if Harvard University would release the list of members of Harvard organizations that assigned “sole responsibility for Hamas’ heinous attacks to Israel, so none of us inadvertently hire any of their members.” New England Patriots owner Robert Kraft, who started a foundation to combat antisemitism in 2019, went on CNBC Tuesday and condemned the attacks on Israel.

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