South Korea's SK Hynix to invest $75 billion by 2028 in AI, chips, ET CIO
AdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETCIO App Get Realtime updatesSave your favourite articles Scan to download AppSEOUL: South Korea's SK Hynix , the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business, focusing on AI , its parent SK Group said on Sunday.SK Group also said it plans to secure 80 trillion won by 2026 to invest in artificial intelligence and semiconductors as well as fund shareholder returns, while streamlining its more than 175 subsidiaries.The sprawling conglomerate outlined the plans following a two-day strategy meeting, aiming to revive the group after SK Hynix, its main money maker, and the group's electric vehicle battery arm suffered heavy losses.SK Group said it sought to improve its competitiveness by focusing on its AI value chain, including high bandwidth memory (HBM) chips, AI data centres and AI services such as personalised AI assistants.At a time of transition, a "preemptive and fundamental change is necessary," SK Group Chairman Chey Tae-won was quoted as saying in the statementDuring the meeting, the executives also agreed to take gradual steps to adjust the number of subsidiaries in the group to a "manageable range", without specifying the scale of the reduction.Local media had said SK Innovation, which owns the county's largest oil refiner and battery maker SK On, was expected to pursue a merger with profitable gas affiliate SK E&S.The group expects its profit before tax to reach around 22 trillion won this year, turning around from a loss last year, with the goal of hitting 40 trillion won in profit before tax by 2026.South Korea, home to the world's top memory chip makers Samsung Electronics and SK Hynix, has fallen behind some rivals in areas such as chip design and contract chip manufacturing.Earlier this year, the government announced a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor market.
Source:Economic Times
July 01, 2024 05:31 UTC
Changing schools of thought
BENGALURU: Textbooks often serve as the first window into the world beyond the classroom, shaping young minds with stories of history, culture, and contemporary figures. But, in recent years, textbooks have also become a point of contestation and censure whether it be history, politics or social moralities. The uproar at Sindhi High School over the inclusion of actor Tamannaah Bhatia – who, incidentally, was in Bengaluru recently – in a Class 7 textbook has sparked a debate that extends beyond the pages. ‘What elicits this kind of censure?’Not having an issue with a male actor but having an issue with Tamannaah Bhatia is part of a larger bias that exists in our society. But having said that, textbook committees should be careful while creating the content and try to not make it political, controversial or hateful.
Source:Indian Express
July 01, 2024 04:25 UTC
मर्डर अब '302' नहीं, '103'... IPC खत्म, आज से लागू हो गए कानून, हर एक बात जानिए
नए मामलों की नए कानून के दायरे में ही जांच और सुनवाई होगी. शादी का वादा करके यौन संबंध बनाने के अपराध को रेप से अलग रखा गया है. चोट पहुंचाने के अपराधों को धारा 100 से धारा 146 तक में परिभाषित किया गया है. राजद्रोह : बीएनएस में राजद्रोह के मामले में अलग से धारा नहीं है, जबकि आईपीसी में राजद्रोह कानून है. चुनावी अपराध : चुनाव से जुड़े अपराधों को धारा 169 से 177 तक रखा गया है.
Source:NDTV
July 01, 2024 04:23 UTC
New criminal laws take effect today: Know what remains, what is removed
IndiaNew criminal laws take effect today: Know what remains, what is removedThe three laws got the Parliament's approval on December 21 last year and President Droupadi Murmu gave her assent on December 25. The three new criminal laws, which replace regulations from the colonial era, will change India's criminal justice system and go into effect nationally on July 1. The newly enacted laws -- the Bharatiya Nyaya Sanhita, the Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Act -- to completely overhaul the criminal justice system in the country will come into effect from July 1. The three laws got the Parliament's approval on December 21 last year and President Droupadi Murmu gave her assent on December 25. Health reports will be available in seven days.
Source:dna
July 01, 2024 03:51 UTC
Parliament set to witness stormy debate in 2nd week of session beginning today, opposition to rake up several issues
Parliament set to witness stormy debate in 2nd week of session beginning today, opposition to rake up several issuesMajor issues include the NEET paper leak controversy, the Agnipath initiative, and inflation. Bansuri Swaraj, a first-term Lok Sabha member and daughter of the late BJP leader Sushma Swaraj, will second the motion. The Lok Sabha has set aside 16 hours for this debate, which will end with Prime Minister Narendra Modi's reply on Tuesday. On Friday, opposition INDIA bloc forced adjournment in the Lok Sabha, demanding a discussion on the NEET issue. The Rajya Sabha also saw loud protests, with opposition leader Mallikarjun Kharge joining fellow members in the Well of the House.
Source:dna
July 01, 2024 03:45 UTC
Green Hydrogen: World Bank approves USD 1.5 bn to support India's low-carbon energy sector, ET EnergyWorld
AdvtAdvtJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETEnergyworld App Get Realtime updatesSave your favourite articles Scan to download AppThe World Bank on June 29, approved USD 1.5 billion in financing to accelerate India's development of low-carbon energy "The financing will help India promote low-carbon energy by scaling up renewable energy , developing green hydrogen , and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.Apart from this second phase of financing stimulus, last year in June 2023, the World Bank approved the USD 1.5 billion First Low-Carbon Energy Programmatic Development Policy Operation, which supported the waiver of transmission charges for renewable energy in green hydrogen projects.With this financing, efforts will be made to enhance the market capability for green hydrogen. The emphasis will also be given to scaling up renewable energy and stimulating finance for low-carbon energy investments, as per the statement.The second Low-Carbon Energy Programmatic Development Policy Operation will support reforms to boost the production of green hydrogen and electrolyzers, critical technology needed for green hydrogen production. The reforms supported by the operation are expected to result in the production of at least 450,000 metric tons of green hydrogen and 1,500 MW of electrolyzers per year from the financial year 2025-26 onwards.In addition, it will also help to increase renewable energy capacity and support reductions in emissions by 50 million tons per year. The operation will also support steps to further develop a national carbon credit market.
Source:Economic Times
July 01, 2024 02:49 UTC
Joe Biden allies reject calls for him dropping out of 2024 race; shows support while he spends time at Camp David
"The shade of retirement is now necessary for President Biden," it added, according to VOA. I'm with Joe Biden, and it's our assignment to make sure that he gets over the finish line come November." "Joe Biden is not going to take himself out of this race, nor should he." Kate Bedingfield, a former Biden White House communications aide, told CNN that the Biden campaign had raised USD 33 million since the debate. On Friday, the day after the debate, Biden told supporters, "I know I'm not a young man.
Source:dna
July 01, 2024 01:22 UTC
Tavleen Singh writes: Can we go back to when India was not afraid of foreign correspondents or dissidents?
Last week India faced censure that we need to take seriously. Bulldozer justice worries me personally to such a degree that I have often written against it in this column. Dissidents in the past decade have been regularly arrested under laws that were made for terrorists. But I feel the need to remind him that the only time, other than then, that I have seen foreign correspondents kicked out of India has been in the past ten years. The two French journalists who have recently been expelled had not just lived here for years but were married to Indian citizens.
Source:Indian Express
June 30, 2024 23:46 UTC
Latest News, Live Updates Today July 1, 2024: Yogi Adityanath, union minister question Rahul Gandhi's 'maturity' after Lok Sabha speech
LiveLatest News, Live Updates Today July 1, 2024: Yogi Adityanath, union minister question Rahul Gandhi's 'maturity' after Lok Sabha speechWelcome to the live updates platform for Hindustan Times. Follow all the major news updates, headlines and breaking news stories from India and around the world right here. Track the real-time developments of major events for July 1, 2024.
Source:Hindustan Times
June 30, 2024 23:26 UTC
New criminal laws in India: Centre likely to amend BNS to include section on sexual crimes against men, transgender people
From July 1, cognisable offences will be registered under Section 173 of the BNSS, instead of Section 154 of the CrPC. First Information Reports (FIRs) are filed through the Crime and Criminal Tracking Network Systems (CCTNS), a programme that functions under the National Crime Records Bureau. “Even when cases were being registered under IPC, police had the provision to register cases in Tamil, Marathi, Gujarati among others. Another patch has been added to make the filing easier under the new criminal laws,” the official said. “Though forensics has been made compulsory in all crimes punishable by over seven years, not all States have the required capacity and trained officials.
Source:The Hindu
June 30, 2024 22:43 UTC
Taylor Swift reacts to Simone Biles' Olympic trials routine set to Ready For It: ‘Watched this…’
Taylor Swift expressed her support and admiration for Simone Biles following her first 2024 Olympics trials. The 27-year-old gymnast performed an energetic floor routine set to Swift's hit song Ready For It? As the video of Biles' performance went viral on social media, the Cruel Summer hitmaker reacted with the most wholesome comment on Saturday. Taylor Swift reacted to Simone Biles' gymnast routine with the most wholesome commentTaylor Swift reacts to Simone Biles' Ready For It? She’s ready for it tho,” the 34-year-old singer wrote on the video of Biles' Friday performance during day 2 of the 2024 US Olympic Gymnastics Trials.
Source:Hindustan Times
June 30, 2024 19:30 UTC
Judge denies Alec Baldwin's plea to dismiss involuntary manslaughter charge in Rust shooting case, actor will now...
Judge denies Alec Baldwin's plea to dismiss involuntary manslaughter charge in Rust shooting case, actor will now...Alec Baldwin Baldwin will now face trial on July 9 for involuntary manslaughter in the case stemming from the fatal shooting of cinematographer Halyna Hutchins on the Rust movie set. Alec Baldwin's legal battle continues as a judge has ruled against his motion to dismiss the case stemming from the fatal shooting of cinematographer Halyna Hutchins on a movie set in Santa Fe, N.M. The decision, handed down by Judge Mary Marlowe Sommer, ensures that Baldwin will face trial on July 9 for involuntary manslaughter, according to the reports obtained by Variety. She criticized Baldwin's legal manoeuvres as baseless and characterized his claims as absurd. Baldwin, who has denied pulling the trigger, faces significant legal challenges as he prepares to defend himself against the involuntary manslaughter charge.
Source:dna
June 30, 2024 18:43 UTC
Abandoned baby jumbo dies of ulcer in Theppakadu camp
NILGIRIS : A male wild elephant calf that was abandoned by his mother at Maruthamalai Foothills near Coimbatore and shifted to Theppakadu elephant camp in Mudumalai Tiger Reserve (MTR) on June 9 died due to an ulcer on Friday night. The ulcer was found by the veterinarian team which conducted the postmortem on the four-month-old. Veterinary Assistant Surgeons K Rajesh Kumar and Ganesh Naduvattam held the postmortem in the presence of MTR Deputy Director P Arunkumar and representatives of an NGO. We usually fed lactogen to the animal and it often drank one to one-and-a-half litres. However, the animal died at 9.30 on Friday night,” said a forest official.
Source:Indian Express
June 30, 2024 18:08 UTC
Five shooters of Landa gang held with weapons
Punjab Police on Sunday arrested five shooters of Canada-based terrorist Lakhbir Singh Landa gang and recovered four illegal weapons smuggled from Pakistan from their possession. Sharma said based on further investigations, the police arrested five more members of the Landa gang, identified as Jashanpreet Singh, Gursharan Singh, Harmanjit Singh, Gurbaj Singh and Amritpal Singh, all from Tarn Taran district. “During investigation, it came to light that Jashanpreet Singh and Gursharan worked on the instructions of Lakhbir Landa and imported weapons from Pakistan, supplied weapons, and conducted recce as directed by Landa,” the commissioner of police said. The gang members were involved in extortion from businessmen in Tarn Taran, Amritsar, and Jalandhar, he added. Punjab director general of police Gaurav Yadav posted on X, “Commissionerate Police Jalandhar arrests five operatives of Canada-based Lakhbir Landa Gang in a 15-Day Operation.
Source:Hindustan Times
June 30, 2024 17:12 UTC
18 killed, several injured in multiple suicide attacks in Nigeria
At least 18 people were killed and 19 seriously wounded in a string of suicide attacks in northeastern Nigeria on Saturday, emergency services said. At least 18 people were killed and 19 seriously wounded in a string of suicide attacks in northeastern Nigeria on Saturday, emergency services said. At least 18 people were killed and 42 others injured in the attacks, according to the Borno State Emergency Management Agency (SEMA). Nineteen "seriously injured" people were taken to the regional capital Maiduguri, while 23 others were awaiting evacuation, Saidu said in the report. The violence has killed more than 40,000 people and displaced around two million in Nigeria's northeast.
Source:Hindustan Times
June 30, 2024 16:34 UTC