The Port of Rotterdam is testing technology to manage and trade renewable energy consumption, finding the effort has already made a significant cost savings.
S&P Global Platts and BlockLab used artificial intelligence and blockchain technology to manage the microgrid, known as Distro. Energy users costs were lowered by 11% and renewable energy producers saw a 14% improvement in revenues by using the technology.
The system is located in the Port of Rotterdam’s Innovation Dock, which started in July. The project uses an artificial intelligence trading agent, that trades renewable energy from solar and battery storage to manage the power consumption for its users.
Using a 48 hour forward market place, the system allows users to operate machinery when locally produced power is cheapest, something not currently available on a fixed tariff system.
“The key thing about the energy transition is all of the things
The US Commerce Department issued export restrictions against SMIC.
These restrictions will set back China’s search for domestic alternatives to Samsung and TSMC and limit Chinese tech companies’ ability to compete in foreign markets.
The US Commerce Department issued an order requiring US companies to obtain a license to export products to SMIC, according to Reuters. The Department alleges that SMIC could be supplying components to China’s military; however, representatives of SMIC deny this, claiming that the company only manufactures semiconductors for civilian and commercial end-users.
US export restrictions against SMIC will set back China’s search for domestic alternatives to Samsung and TSMC.
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The export restrictions will make it particularly difficult for SMIC to obtain foundry equipment, setting back China’s efforts to develop a domestic alternative to Samsung and TSMC. Samsung and TSMC currently operate the only foundries in the world capable of manufacturing 7nm chips. The
BRASILIA (Reuters) – Democratic candidate Joe Biden should maintain a tough stance against China if he wins the U.S. presidential election, but focus more on industrial policy than trade tariffs, according to Nobel-prize winning economist Paul Krugman.
A fiery critic of the Trump administration who writes a column for the New York Times, Krugman said the dispute over Chinese technology giant Huawei, whose U.S. operations have been severely curtailed by Washington, will remain a bone of contention between the two powers no matter who wins the White House.
“The U.S.-China situation is complicated. On the one hand, the U.S. has genuine complaints; on the other, there is very little support for Trump’s trade war,” Krugman said in an emailed interview with Reuters.
“So what Biden should probably do is continue to face up to China, but in a different way. Focus more on industrial policy and bring other countries on
The US Commerce Department has added China’s largest chipmaker, Semiconductor Manufacturing International Corporation (SMIC), to its entity list, after it determined there an “unacceptable risk” that equipment SMIC received could be used for military purposes,Reuters reported.
The move blocks US computer chip companies from exporting technology to SMIC without an export license. SMIC is the latest major Chinese firm to be put on the entity list; the Trump administration added phone manufacturer Huawei to the list in 2019.
According to The Wall Street Journal, the Commerce Department wrote in a letter to the computer chip industry on Friday that exporting products to SMIC would “pose an unacceptable risk of diversion to a military end use in the People’s Republic of China.”
In April, the administration tightened export rules on shipping goods to China. It claims it’s seeking to keep US companies from selling products that could be used
SHANGHAI (Reuters) – Ant Group, owner of China’s ubiquitous mobile payment app Alipay, launched a blockchain-powered platform for cross-border trade settlements on Friday, as it races to launch more technology products ahead of its blockbuster IPO.
The 16-year-old giant, backed by e-commerce conglomerate Alibaba Group Holding Ltd, plans to list simultaneously in Hong Kong and on Shanghai’s tech-heavy STAR Market next month, in what could be the world’s largest initial public offering (IPO) – surpassing oil giant Saudi Aramco’s $29.4 billion float last December.
Ant is seeking to raise about $35 billion in the dual IPO after assessing early investor interest and based on a higher valuation of about $250 billion or more, Reuters has reported.
Ant was previously known as Ant Financial but changed its name this year to rebrand itself more as a tech firm rather than a provider of financial technology
“Sales and operating income both grew 55% in 2018 and are expected to grow a respective 36% and 0% in 2019. Flat operating income this year reflects continued investment in infrastructure such as connected TV, data processing, and global expansion. Somewhat counterintuitively, the lower the operating income, the better the results. The Trade Desk has historically been able to reinvest in areas that have driven its market dominance and propel growth. The more areas it is able to reinvest cash flow at high rates of return, the better future results will likely be, i.e. the lower the earnings today, the higher the future cash flows will likely be.
The Trade Desk is truly an exceptional company. Its platform helps advertisers comb through a huge universe of possible ad inventory to target and value the token few that make sense for that specific advertiser. It is very rare to come across
TAIPEI (Reuters) – Taiwan President Tsai Ing-wen promised on Thursday to help the island’s key semiconductor industry overcome difficulties and consolidate its leading position, offering support to a sector increasingly caught up in China-U.S. trade tensions.
Companies such as the world’s biggest contract chipmaker, Taiwan Semiconductor Manufacturing Co Ltd, are major suppliers to the likes of Apple Inc and Qualcomm Inc, as well as Chinese firms like Huawei Technologies Co Ltd.
In July, TSMC said it had stopped taking new orders from Huawei in May and did not plan to ship wafers after Sept. 15, responding to U.S. curbs on supplying the Chinese company, which the Trump administration views as a security threat.
China, for its part, is trying to nurture tech champions of its own, such as SMIC, its biggest chipmaker, and wean itself off reliance on U.S. suppliers.
Taiwan’s chipmakers were a crucial part of the global supply