As the global artificial intelligence (AI) semiconductor war intensifies, the view of the domestic industry is that the revelation that the United States Micron Technology recruited Mr. A, a former SK Hynix researcher, cannot be considered a simple matter of ‘ talent outflow’. Micron, a latecomer to the high bandwidth memory (HBM) market, the ‘core’ of AI semiconductors, announced last month that it had skipped the 4th generation and started mass production of the 5th generation HBM3E. They surprised the industry by immediately catching up with the leaders, Samsung Electronics and SK Hynix.
In the semiconductor industry, there are believed to be many cases where not only former researcher A but also domestic semiconductor talents moved to Micron. This is the background to the suspicions that Micron has caught up with the technological pace of Samsung Electronics and SK Hynix by recruiting human resources and acquiring technology.
According to the legal community and the semiconductor industry on the 7th, Mr. A was cited by the 50th Civil Affairs Division of the Seoul Central District Court (Chief Judge Kim Sang-hoon) for a temporary injunction to prohibit job changes. was a principal researcher on the design team of the memory research laboratory at SK Hynix,
Why Foreign Companies Are Fleeing Nigeria
2024-03-07 10:56:47
In Nigeria, the economic crisis is causing foreign companies to flee. The exodus of multinationals began in 2023. Their departure aggravates the difficulties of the continent’s second largest economy.
The departure of the American Procter and Gamble announced in December 2023 has sounded the alarm. The American company which arrived five years ago Nigeria has invested heavily in a market estimated at $50 million. But the economic chaos has worsened since the coming to power of Tinubu ball last May and this generalized descent into hell ended up wearing out the patience of multinationals. It is not the first multinational to flee Africa’s largest market. In the pharmaceutical sector, it is a massacre, the British GSK, the German Bayer and the French Sanofi have also left Nigeria. Several large oil companies have also withdrawn, including the Norwegian Equinor and the Italian Eni.
Demand weighed down by inflation
Most of these companies have suffered for many years from Nigeria’s well-known sores, such as corruption, recurring problems with logistics and electricity supply, but with the economic crisis which has exploded in recent months – we are talking about the worst crisis for a generation—this promising market has suddenly contracted.
Nvidia Board Members Cash In On Stock Surge…
The Rise of AI Companies: Board Members Reap Benefits as Share Prices Skyrocket
As artificial intelligence (AI) continues to revolutionize the tech industry, companies like Nvidia are becoming increasingly valuable. With shares trading at an all-time high of $887, up 26.5% this month alone, it’s no wonder that board members are taking advantage.
According to recent SEC filings, four Nvidia insiders have sold holdings in the past four weeks. But they’re not alone – executives from other major companies like JPMorgan Chase and Amazon are also cashing out on their shares.
“JPMorgan Chase CEO Jamie Dimon logged his first-ever stock sale last month to the tune of $150 million, while Amazon founder Jeff Bezos sold $8.5 billion in Amazon stock.”
But what does this mean for AI companies like Nvidia?
A Positive Sign for Investors?
Some may argue that insider selling is a bad sign for investors – after all, if those close to the company are selling, shouldn’t everyone else be too? However, others see it as a positive sign that board members have confidence in the company’s growth and future success.
“Despite their sales…[the board members] still have significant stakes in the AI chip developer.”
The Importance of Board Member Experience
The fact that some board members have been with Nvidia since its early days shows just how important experience can be when it comes to navigating a rapidly changing industry like AI.
Hugo Boss Shares Plunge 18% As Sales Forecast…
Analysis: Exploring Future Trends in the Fashion Industry
In recent news, Hugo Boss shares took a massive hit after the company lowered its sales forecast. The German high-end fashion brand is now projecting slower growth in the upcoming year, despite reaching a substantial increase in sales in 2023. This surprising turn of events has caused quite a stir in the fashion industry, raising questions about the future trends and challenges that lie ahead.
The decline in Hugo Boss shares can be attributed to weakening consumer demand, a concern that extends beyond this particular brand. As the fashion industry continues to evolve, it is essential for companies to adapt and stay ahead of changing consumer preferences. The rise of e-commerce and fast fashion has disrupted traditional retail models, and brands must find innovative ways to engage with customers and drive sales.
Impact of Changing Consumer Demands
Consumer demands in the fashion industry are constantly evolving, driven by factors such as sustainability, inclusivity, and personalization. In the coming years, it is imperative for fashion brands to address these demands to maintain relevance and appeal to a broader customer base.
Sustainability is a critical trend that will continue to shape the fashion industry.
AIR SERVICE Air France Increases The Antananarivo-Paris Connection
Air France has announced an expansion of its services between Antananarivo and Paris Charles de Gaulle for the summer of 2024. This new initiative aims to meet the growing demand for travel between Madagascar and France during this period.
From April 8 until June 2, the company will increase its flight frequencies to Paris by offering five flights per week. This increase will be further reinforced in June and September, when the company will offer six flights per week, operated by Boeing 777.
From July 1 until August 31, Air France will offer seven flights per week, this time operated by Airbus A350-900. This expansion of services will open up to customers departing from Madagascar the possibility of benefiting from facilitated connectivity with nearly 200 destinations around the world from Paris, with a fleet of more than 240 aircraft.
This expansion of the flight offer between Antananarivo and Paris is part of the development of air services by the Malagasy authorities, with a goal of one million tourists by 2028, with an intermediate goal of 500,000 tourists until 2025.
He is careful
Chamber Of Commerce: Surprise At The Unions Criticism…
WKÖ-Kühnel: 8 out of 10 apprentices are very satisfied or satisfied – “Survey shows: There are no problem jobs” – apprentice income has risen sharply
Vienna (OTS) – The Chamber of Commerce reacts with astonishment to the interpretation of the 5th apprentice monitor by AK and ÖGB. “It is strange when, with satisfaction ratings of 70 percent or more, individual sectors are labeled as ‘problem jobs’. The bashing of gastronomy and tourism and the expulsion of apprentices by the ÖGB and AK must finally come to an end,” says Mariana Kühnel, deputy. WKÖ General Secretary, on the survey results presented by ÖGB and AK on Wednesday.
The fact is: „The fifth apprentice monitor confirms the strong response of Austrian apprentices to their training,” said Kühnel: According to a survey conducted by the ÖIBF on behalf of the ÖGB and AK among almost 5,000 apprentices, 88 percent are currently very to averagely satisfied with their career choice (35 percent very satisfied, 33 percent satisfied, 20 percent average, 8 percent less, 4 percent not). “The quality of training in teaching is high, it is not for nothing that dual training is the basis for skilled worker training in Austria and is in demand internationally.
The Largest Bank In Poland Set A Record.…
#largest #bank #Poland #set #record #PLN #billion #year
In the fourth quarter, the leader of Polish banking, PKO BP, earned PLN 681 million net, beating last year’s results by 1.3% and the forecasts of economists polled by PAP by 8.9%. But the key thing is that this result allowed for pushing the annual record to PLN 5.5 billion.
The previous record of net profit was PLN 4.87 billion and was set in 2021, i.e the new record is as much as PLN 0.63 billion (+13%) higher than the previous one. As in the case of other record holders: Pekao, Santander BP, Citi Bank Handlowy and Alior, the reason is the same – excess profits of banks on interest. After the pandemic printing and the flooding of the market with money, there is so much of it that banks practically do not have to offer interest on deposits, and the money is still with them. At the same time, interest on loans is correspondingly high because interest rates have increased.
Although maintaining state participation in companies is usually argued,
The Planet Is Promised A Collapse Of The…
/View.info/ At the end of 2022, many made their predictions for the next year. This is a common practice for banks. Danish bank Saxo regularly publishes a baseline forecast for the coming year to retain customers and guide investors. It’s full of low-key ratings. However, in parallel with this, the so-called “Scandal Predictions” are released, in which analysts who do not agree with the conclusions of the main forecast can give their picture to the world.
Usually “Scandalous Predictions” have an element of fantasy and come true only half of the time. But this year they are significantly different from the baseline for the same year and, apparently, they are really sincere. The abstract to the report explains: “Our outrageous predictions are not our baseline predictions of what will happen in the new year. Rather, they are intended as an exercise to encourage us to think about what unforeseen events could shake up our world and financial markets.
So what do Stein Jacobsen and his team of leading banking professionals have in store for us?
War economy and accelerated deglobalization
Experts call 2022 a deep inflationary shock for the whole world. However,
Guest Article The Comeback Of The Money Supply
Unlike the Bundesbank, M3 no longer plays a role in the ECB’s thinking. I show why you should look at them again.
The comeback of the money supply as an inflation indicator began shortly after the outbreak of Corona at the beginning of 2020. At that time, the growth of the money supply M3, which includes cash, sight deposits, time deposits, savings deposits and other near-money investments, accelerated. Inflation increased from spring 2021 and was already five percent at the end of the year, well above the ECB’s two percent target before Russia invaded Ukraine and raw material prices shot up. If one had looked at the money supply, the inflation forecast for 2021 and 2022 would have been much better, one shows Study by the Bank for International Settlements (BIZ).
Monetary supported surge in demand
There are good reasons why the money supply warned in advance about high inflation. After the outbreak of Corona, the ECB bought government bonds from the banks on a large scale and credited them with the equivalent values in their ECB accounts. The banks used this money to buy new government bonds from the finance ministers. The finance ministers transferred the income in the form of Corona aid to the accounts of companies and citiz ens,