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Madrid, Spain – Badr Tmairi, 22, from Morocco, has spent six years living in Spain without legal status. He arrived at 16, alone, without his family. He held legal residency briefly after turning 18, but lost it when he failed to renew it in time.

“What I want is to get my papers back so I can work as a hairdresser and travel to visit my family in Morocco,” he said.

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Tmairi is one of more than a million people who have now applied for regularisation under a new scheme that contrasts with a growing European trend against irregular immigration.

He has been homeless for the past year. Without documents, finding work and decent housing in Spain is difficult.

“It’s very encouraging to know that so many people submitted an application and are trying to regularise their situation, but that huge number is also proof that the state has failed in its duty to protect the most vulnerable,” Edith Espinola, president of the Active Domestic Workers’ Service Association (SEDOAC) and spokesperson for the Regularizacion Ya (Regularisation Now), told Al Jazeera.

Regularizacion Ya, a collective made up of migrants, has led the push for regularisation since 2020. The measure grew out of a broad social consensus and has been backed by civil society organisations, the Catholic Church, trade unions and business associations.

Living without legal status, Espinola said, condemns people to social exclusion, as it has for Tmairi. Without rights or protection from abuse, they are unaligned with most of the rest of the population.

The new initiative, Spain’s first regularisation process since 2005, began in April and closed on June 30. The government now has three months to resolve the vast majority of the applications submitted.

Of the 1,174,978 applications, according to the Ministry of Inclusion, Social Security and Migration, only 11,000 have received a favourable resolution so far. About 608,000 have been accepted for processing, granting provisional residency and work permits until a final resolution.

‘All I want is to work’

Rocio Neciosupe, 54, is a Peruvian migrant who has spent two years without legal status in Spain. “Regularisation isn’t a handout; all I want is to work. To work without fear and with rights, so that if I fall and I’m sick, I don’t have to go to work that day and can still get paid, like anyone else,” she said.

Neciosupe, a cleaner in private homes, is busy across six different buildings around Madrid. But she is currently recovering from a back injury sustained in a fall at work. Without documents or a contract, she has no right to sick leave.

Unable to afford to lose her income while she recovers, her husband accompanies her to work each day and helps her with tasks she cannot manage alone.

Rocio, her husband and their two daughters, aged 22 and 17, have all had their regularisation applications accepted for processing and are now awaiting a favourable resolution.

“I want to support the country I live in, and if the country grows, we grow too,” Neciosupe added.

It is precisely in the contribution and growth potential of people like her that the Spanish government has framed its case for the measure.

“By 2050, Spain’s GDP would be 19 percent lower, 90,000 bars would close, 50,000 classrooms would shut and 220,000 farms would disappear,” Prime Minister Pedro Sanchez said recently in a public address.

Gonzalo Fanjul, director of ISGlobal’s policy and development team and head of Research at the porCausa Foundation, said: “If you look at what’s happening in the United States, there are already estimates of the impact of the government’s violent, hostile anti-migration policies. Whole economic sectors are struggling to keep functioning.”

One of those sectors is care work. With an ageing population, Spain needs trained workers to fill positions in that sector, among others.

Josselyn Aguirre, 32, is one of those workers. A nursing assistant, she migrated from Ecuador to Spain in 2024. Her original plan had been to move to the United States, but her visa application was rejected.

“My goal is to stay and help older people. I really enjoy working with them,” she said.

“Here, in my country and in other countries around the world, this sector is collapsing due to a shortage of staff. That’s why I believe that being able to regularise your status and contribute as a professional benefits everyone,” she told Al Jazeera.

Migrants and refugees who applied for regularisation had already been living in Spain, working in the informal economy for years; 57 percent are men, most come from Latin American countries, and six out of 10 are below the age of 34.

So far, 159,097 additional people have registered with the Social Security system as a result of the regularisation process.

With this measure, “Spain has made a bet on growth. We’re going to be a country of 50 million people,” Fanjul said. “But it’s not enough.”

Amid a European political climate in which anti-migration rhetoric appears to be gaining ground, Spain’s approach shows another path is possible, though “regularisation is only the beginning”, Fanjul said.

“The system has been reset, but none of the underlying reasons that brought us to this point have been resolved.

“For the state to open up legal, safe and orderly channels for labour mobility is simply common sense,” he concluded.

Espinola is in no doubt.

Despite criticism from those opposed to the regularisation, she stressed, “We have come out stronger. The migrant community has once again shown its capacity for mutual support in difficult situations.”

The regularisation process is not yet over, she added: “We will remain vigilant to make sure the more than a million applications submitted are processed properly.”

July 13 (UPI) — The attorneys general of 12 states sued Monday to block the proposed merger of Paramount and Warner Bros., saying it would undermine competition in the entertainment industry.

A news release announcing the lawsuit from New York Attorney General Letitia James said Paramount Skydance Corp.’s purchase of Warner Bros. Discovery Inc. “would combine two of the five major film studios and two of the five major basic cable companies, creating a massive conglomerate in markets for basic cable and theatrical film releases.”

“For over a century, Paramount and Warner Bros. have competed to create movies and television that bring people together, inspire and sustain generations of artists, and help us understand the world,” James said. “This merger would destroy that competitions, creating a massive company with unprecedented power and influence over news and entertainment across the globe.”

The release said the merger would increase costs for consumers and put jobs at risk.

The lawsuit comes one month after the Justice Department approved the planned merger, saying it doesn’t harm consumers in the United States.

Warner Bros. shareholders gave their blessing to the merger in April after Paramount offered to buy the company for $31 per share — a deal worth $110 billion.

Joining New York in the lawsuit were Arizona, California, Colorado, Connecticut, Massachusetts, Minnesota, Nevada, New Jersey, New Mexico, Oregon and Washington.

Deadline reported that Paramount could threaten to leave California in retaliation for the state’s involvement in the lawsuit. California Attorney General Rob Bonta described the two companies as “behemoths” in the entertainment industry and said their merger would lead to higher prices, lower quality and less content for consumers.

“California’s film and entertainment industry touches the lives of Americans daily — it comes into the living rooms of families, has a starring role in many young people’s first dates, and is a point of immense pride and employment for Californians up and down our state,” he said in a news release.

“Consolidation here not only leads to higher prices — it also leads to fewer opportunities for important stories to come to life, and fewer ways for audiences to encounter stories, ideas, and perspectives beyond their own experiences.”

Seoul shares plunged 9 percent Monday as investors dumped technology stocks for profit-taking amid renewed tensions in the Middle East. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 669.01 points, or 8.95 percent, to close at 6,806.93 after falling as low as 6,783.43.

Trade volume was moderate at 469.86 million shares worth 39.8 trillion won (US$26.5 billion), with decliners far outnumbering gainers 713 to 179.

Institutions and foreigners sold a net 2.22 trillion won and 1.7 trillion won worth of shares, respectively, while individuals bought a net 3.9 trillion won.

After opening 0.85 percent lower, the KOSPI extended its losses, triggering a circuit breaker that temporarily halted trading of KOSPI-listed stocks for 20 minutes. It marked the seventh activation of the measure this year.

On Friday, U.S. stocks advanced, buoyed by South Korean chipmaker SK hynix’s multibillion-dollar U.S. share offering. The Dow Jones Industrial Average gained 0.29 percent, while the tech-heavy Nasdaq Composite also rose 0.29 percent.

SK hynix’s American depositary receipts (ADRs) on the Nasdaq closed at US$168 each, well above the offering price of $149.

Despite the successful U.S. market debut, SK hynix shares tumbled as investors took profits and shifted to the company’s ADRs, analysts said.

Investor sentiment was also dampened by heightened uncertainty in the Middle East after the United States and Iran exchanged fresh strikes over the status of the Strait of Hormuz.

“The country’s newly introduced single-stock leveraged exchange-traded funds linked to Samsung Electronics and SK hynix continued to fuel volatility in the stock market,” Samsung Securities said in a research note.

Tech stocks led the decline.

Market bellwether Samsung Electronics plunged 10.7 percent to 254,500 won, while its chipmaking rival SK hynix plummeted 15.37 percent to 1,845,000 won.

Top carmaker Hyundai Motor fell 2.95 percent to 444,000 won, and defense giant Hanwha Aerospace declined 3.21 percent to 936,000 won.

Among gainers, leading battery maker LG Energy Solution rose 0.77 percent, and leading refiner SK Innovation climbed 7.09 percent to 110,200 won.

The Korean won was quoted at 1,503.4 won against the U.S. dollar at 3:30 p.m., down 2 won from the previous session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 4.1 basis points to 3.809 percent, and the return on the benchmark five-year government bonds climbed 3.3 basis points at 4.041 percent.

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Qatar’s Father Emir Sheikh Hamad Bin Khalifa Al Thani has died at the age of 74.

During his 18-year rule, Sheikh Hamad reshaped the energy-rich country’s domestic and global footprint.

When he assumed power in 1995, Qatar’s economy was limited in size and relied mainly on oil, while the vast gas wealth of the North Field site was still in the early stages of development.

In less than two decades, Qatar became the world’s largest exporter of liquefied natural gas (LNG), the owner of one of the largest sovereign wealth funds and one of the countries with the highest per capita incomes.

This transformation was not just an oil or gas boom fuelled by rising energy prices, but an overhaul of the country’s economic model that was underpinned by a strategy of investing natural resource wealth in building productive assets, financial institutions, infrastructure and human capital.

The economic shift did not begin with Sheikh Hamad’s assumption of power. It was preceded by his appointment in 1989 as chairman of the Supreme Council for Planning, the body then responsible for formulating Qatar’s economic and social policies, which allowed him to oversee the preparation of development programmes before he came to power.

Here, we take a look at Sheikh Hamad’s economic legacy that helped transform Qatar from a small Gulf economy to a major and influential player in global energy and investment markets.

How gas changed Qatar’s economy

The development of the North Field, the world’s largest natural gas field, marked the true starting point of Qatar’s economic transformation.

The decision to accelerate investment and expand gas liquefaction projects during the second half of the 1990s changed the country’s position in the energy market and propelled it towards global leadership.

Qatar went from exporting its first LNG shipment in 1996 to becoming the world’s largest exporter of the commodity in fewer than 15 years.

By 2010, production capacity had risen to 77 million tons per year, according to data from QatarEnergy and the International Energy Agency.

The impact of this boom was not limited to increasing revenues; it also cemented Qatar’s position as a strategic partner in global energy security, especially for the economies of Asia and Europe.

Data from Qatar’s Amiri Diwan reflect the scale of the transformation witnessed by the energy sector, as the added value of the hydrocarbons sector rose from 11 billion Qatari riyals (about $3bn) to 403 billion riyals (about $110.4bn) during Sheikh Hamad’s rule.

Unprecedented economic growth

The gas boom was directly reflected in the performance of Qatar’s economy, which became one of the fastest-growing in the world during the first decade of the millennium.

World Bank data cited by Bloomberg showed Qatar’s economy grew more than twentyfold during Sheikh Hamad’s reign, with gross domestic product (GDP) rising from about $8bn in 1995 to about $199 billion in 2013.

According to the International Monetary Fund (IMF), the economy also recorded the highest growth rates in the world during that period, with real growth reaching 18 percent in 2006 before rising to 26.2 percent in 2011, as LNG production projects came onstream.

From gas boom to capital export

The economic transformation did not stop at increased production or revenues, but it also extended to the way wealth was managed.

As part of building a system to manage financial surpluses, Qatar in 2001 established the Supreme Council for Economic Affairs and Investment under the chairmanship of Sheikh Hamad.

The council was tasked with diversifying domestic and foreign investments “with the aim of developing Qatar’s financial reserves and diversifying sources of income”, according to the Qatari Amiri Diwan.

Four years later, the Qatar Investment Authority (QIA) was established to manage the financial surpluses generated from oil and gas exports.

Sheikh Hamad implemented a policy based on allocating part of the energy revenues to long-term investment, with the aim of building sustainable sources of income beyond natural resources.

QIA quickly became one of the world’s largest sovereign wealth funds, acquiring stakes in companies such as Barclays and Volkswagen, as well as the United Kingdom-based Harrods department store in 2010.

Qatar’s investment policies expanded to cover almost every continent – from investments in football clubs, to global economic institutions, to London’s Shard skyscraper, among others.

The authority’s assets are now estimated at more than $500bn, according to the Sovereign Wealth Fund Institute, making it one of the world’s largest government investors.

Qatari citizens’ rising living standards

The economic growth was reflected in welfare indicators.

According to the World Bank and the IMF, Qatar during Sheikh Hamad’s reign became one of the countries with the highest GDP per capita in the world.

It exceeded $90,000 in terms of purchasing power parity, as it expanded spending on housing, education and health and recorded a steep decline in unemployment rates to very low levels.

Experts believe the rise in income was not solely the result of higher energy prices, but also stemmed from expanded government investment and the creation of jobs linked to energy and infrastructure projects.

Investment in people

In parallel with energy investments, Qatar also moved towards building a knowledge-based economy.

One of the first development decisions after Sheikh Hamad assumed power was the establishment of the Qatar Foundation for Education, Science and Community Development in August 1995 to serve as the main arm for investment in education, scientific research and innovation.

The country later attracted international universities including Georgetown, Texas A&M and Carnegie Mellon, in a move seen as part of a strategy to prepare for the post-oil and gas phase.

The health sector also saw significant expansion through the development of Hamad Medical Corporation and the establishment of new hospitals and specialised centres as part of efforts to improve the quality of public services and keep pace with population growth.

At the same time, the country’s economic openness, coupled with a policy of strengthening its position as a financial and commercial hub in the region, turned the expanding capital of Doha into an increasingly important centre for international economic and investment conferences.

The World Cup and the economy of the future

Gas revenues during Sheikh Hamad’s rule were not limited to financing Qatar’s budget, but were also used for massive infrastructure investments.

That period saw the launch of projects such as Hamad International Airport, Hamad Port, Lusail City and modern road networks, alongside projects that later formed the foundation of the Doha Metro.

These works helped transform Doha from a small Gulf city into a global urban hub, providing the foundation that enabled Qatar to become the first Arab and Middle Eastern country to host the FIFA World Cup in 2022.

After the country won the right to host the major football tournament, its infrastructure and construction sector witnessed a major boom as the government approved huge spending plans exceeding $200bn in infrastructure, including roads, stadiums, railway lines and the construction of a new airport and port.

An ongoing economic legacy

In 2008, the state launched Qatar National Vision 2030, a strategic plan aimed at building a knowledge-based economy with the goal of ensuring continued prosperity for future generations.

This vision, which continues to serve as the governing framework for economic policies, reflects a direction that began under Sheikh Hamad based on transforming natural wealth into a foundation for sustainable development.

And if the development of the gas industry was the starting point for Qatar’s economic transformation, the most prominent legacy of Sheikh Hamad lies in transforming exceptional energy revenues into long-term development tools.

Through the establishment of institutions such as the Supreme Council for Economic Affairs and Investment and QIA, the launch of Qatar National Vision 2030 and investments in education and infrastructure, Qatar moved from an economy dependent on oil exports to a model that combines energy strength with global investment influence.

This blueprint still forms the basis of the state’s economic policies that are being pursued to this day by Sheikh Hamad’s son and successor, Emir Sheikh Tamim bin Hamad Al Thani.

Tokyo, Japan – While walking his toy poodle in the park near his home in Ikeda, Gifu Prefecture, Shin Ohta had an idea.

“My dog often stops walking during our strolls. I would carry him every time, but his weight of nearly 5kg [11lbs] started to become a real burden,” Ohta told Al Jazeera.

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“I knew there had to be a better way.

Ohta works in sales for Japan’s oldest baby carrier manufacturer, Lucky Industries, which has produced more than 40 million baby carriers since its founding in 1934.

He has spent his career making baby carriers, but after that walk, he wondered if the same expertise could be applied to pets.

After consulting a veterinarian to ensure the design was viable for dogs, Ohta helped Lucky Industries launch its first line of dog hip carriers in 2022: Nu-i.

Earlier this year, the company joined dozens of other brands at Tokyo’s annual Interpets conference, a showcase of Japan’s rapidly growing pet care market.

During the first weekend of April, stalls lined the walls of the Big Sight convention centre, selling everything from walk-in pet dryers to the latest organic cat treats.

Few of the pet owners attending the event had their four-legged friend on a leash, instead ferrying them to and fro in well-decorated pet strollers, or the doggy equivalent of baby slings.

Many pets were decked out in colourful outfits, fur clips, and diapers.

Pets in Japan now outnumber children under 15 by more than 2 million.

According to market intelligence company Euromonitor, the country’s pet care market was worth 880 billion yen ($5.4bn) in 2025, up from 689.6 billion yen ($4.2bn) in 2020.

As Japan’s birthrate continues to fall and the population of children shrinks, companies that once built their businesses on babies, selling nappies, slings, and strollers, are increasingly turning their attention to pets.

Betting on pets at the Interpets conference, Unicharm’s expansive stall was lined with dog and cat nappies from its latest “Mannerware’” line.

The Tokyo-based company has been one of the great cross-market successes of the pet care boom.

After making its name selling feminine hygiene products and disposable diapers, Unicharm expanded into pet diapers in 2001.

Since then, pet care products have become one of the company’s main growth engines.

While the personal care market for people is larger, the pet care sector has higher profit margins.

According to Unicharm’s financial results for 2025, the company’s pet care division had a profit margin of 15.4 percent that year, compared with personal care’s margin of 10.7 percent.

Isshu Uehara, a Unicharm spokesperson, said that as of 2025, the pet care business accounted for 17 percent of the company’s total sales, with plans to increase that share to 20 percent by 2030.

“Japan’s birthrate is declining,” Uehara told Al Jazeera.

“Lifestyle changes, such as remaining single, marrying late, and the growth of childless, dual-income households, have led to a greater number of people seeking emotional connections through pets.

“As a result, we’re seeing the growth of ‘pet humanisation’, or treating pets like family members or children rather than just animals.

“Customers want to buy premium products to extend pets’ lifetimes, and share experiences with them, like dining together or going out to cafes and friends’ houses,” Uehara added.

Unicharm is not alone.

Across Japan, stroller brands like AirBuggy and clothing companies like Sweet Mommy have made similar leaps, applying expertise built around infants to a growing market of pet owners.

Lucky Industries CEO Hiroyuki Higuchi pointed to the company’s origins to explain the shift towards pets.

“When the company started, Japanese families had many children, and mothers needed carriers to be able to work around the house,” Higuchi told Al Jazeera.

But now, Japanese families are shrinking. While there has been a rise in single-person households and childless dual-income households, families with only one child have become more common as well.

A national survey of fertility trends found that between 2002 and 2021, the proportion of households with only one child increased from 10 percent to nearly 20 percent.

“With fewer babies around, it has been harder to come up with new ideas for baby products,” Ohta said.

“Now, my life is centred around my dogs, as are the lives of many of my friends. When we meet up, we talk about our pets.”

“Compared to the baby goods market, the pet sector is doing better,” said Higuchi.

“Companies see it as a reliable sector… In Japan, dogs are seen as babies, as part of the family. Just like many Japanese carry their babies in slings or carriers, so can dog owners,” Higuchi added.

Barbara Holthus, a sociologist and director of the German Institute of Japan Studies, said pet humanisation has been a growing trend in recent years.

“Before, a dog or cat might have just been an additional family member, but with fewer other family members and fewer children in the house, the focus becomes very concentrated on this animal,” Holthus told Al Jazeera.

“But it’s more diverse than just replacing children. Animals take on many different roles,” Holthus added. “A pet can also replace a partner. After a divorce, people sometimes get pets.

After someone gets widowed, they get a pet. Sometimes, a pet is seen as a play partner for an only child.”

Holthus sees Japan as a prime example of changing family structures, including the emergence of the “multi-species family”.

Holthus said decreasing birth rates, as well as factors such as loneliness and rising urbanisation, help explain why the trend of humanising pets has been particularly pronounced in Japan.

As for why infant brands are turning to pets, Holthus offered a simple explanation.

“It’s understandable,” she said.

“Of course, companies want to make money, and due to demographic change, their market is getting lost.”

July 10 (Asia Today) — Qcells is accelerating its push into the North American renewable energy market as investment in power infrastructure grows rapidly amid the expansion of artificial intelligence data centers in the United States.

The Hanwha unit said Friday it will handle engineering, procurement and construction for Atlas Energy Park, one of the largest solar and energy storage complexes in the United States. The project will be built in La Paz County, Ariz.

Atlas Energy Park will include 2.8 gigawatts of solar generation capacity and 5.7 gigawatt-hours of energy storage capacity by 2028. The complex will consist of 14 solar and energy storage projects and cover an area about 22 times the size of Yeouido, Seoul’s main financial district.

Qcells will handle engineering, procurement and construction for all projects in the complex and supply all solar modules.

The company completed the sale in May of two solar power plants with a combined capacity of 357 megawatts after carrying out their early-stage development and construction. The deal is seen as evidence that Qcells has expanded beyond equipment supply into project development, construction and asset sales.

The company’s competitiveness is backed by its U.S. supply chain. Qcells operates Solar Hub, a solar manufacturing complex in Georgia, giving it module supply capacity. It has also built a supply chain for energy storage equipment.

Industry analysts say companies with U.S. production bases are gaining a stronger advantage as Washington expands policies favoring domestically made equipment.

Analysts also expect Qcells’ expansion in North America to help improve earnings. Hana Securities projected Hanwha Solutions’ second-quarter operating profit this year at 230.7 billion won, about $153 million, roughly 29% above market consensus.

“The oversupply of solar modules in the United States is easing, and prices are continuing to rise, while the expansion of local production capacity in the United States will drive earnings improvement,” said Yoon Jae-sung, an analyst at Hana Securities.

Analysts say AI will further accelerate growth in renewable energy demand.

“Power demand is structurally increasing because of AI data centers, electrification and manufacturing reshoring, making solar power and energy storage key pillars of global power infrastructure,” said Han Byung-hwa, an analyst at Eugene Investment & Securities. “In particular, rising power consumption by AI data centers will continue to increase demand for large-scale projects combining solar power and energy storage.”

Qcells has completed or is pursuing more than 11 gigawatts of solar and more than 6 gigawatt-hours of energy storage projects in North America, expanding its local business base.

“Atlas Energy Park is a symbolic project that once again demonstrates Qcells’ EPC capability, U.S. supply chain and comprehensive business capacity from development to construction and asset sales,” said Chris Hodrick, head of Qcells’ EPC business division.

“We will lead the growth of the North American renewable energy market by increasing customer value and business competitiveness through integrated solutions that combine solar power and energy storage,” Hodrick said.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260710010003926

Howard Lutnick, US commerce secretary, during an executive order signing in the Oval Office of the White House in Washington, DC, US, on Monday, June 22, 2026. President Trump signed executive orders Monday aimed at accelerating quantum research, laying the groundwork for federal agencies to adopt the technology and strengthen US defenses against cyberattacks. Photo by Bonnie Cash/UPI | License Photo

July 10 (Asia Today) — U.S. Commerce Secretary Howard Lutnick called for Samsung Electronics and SK Hynix to expand production in the United States as Micron accelerates a major domestic investment plan, raising questions over whether Washington is signaling continued shortages in artificial intelligence memory chips.

Lutnick referred directly to Samsung and SK Hynix at Micron’s large-scale investment site in the United States. Micron is building a production plant in Clay, N.Y.

Lutnick said he wanted to bring Micron competitors Samsung Electronics and SK Hynix to the United States and have them build production facilities there.

The remarks drew attention in South Korea because Samsung and SK Hynix recently announced plans to invest 800 trillion won, about $530 billion, in the Honam region in southwestern South Korea. Industry officials had already expected Washington to push the Korean chipmakers to increase U.S. investment.

Because Lutnick directly named the two companies and urged investment, attention is now focused on how the remarks could affect Samsung and SK Hynix.

Some analysts also said the call for production investment in the United States, the central market for artificial intelligence, may indicate that memory semiconductors remain in short supply despite debate over whether the chip market is nearing a peak.

Micron said Wednesday it will expand investment in U.S. fabrication plants and technology to more than $250 billion by 2035. The company has set a goal of producing 40% of its DRAM in the United States and will move up part of its New York fabrication plant construction schedule.

Lutnick’s message that he also wants Samsung and SK Hynix to invest locally is fueling expectations that the surge in semiconductor demand could continue for some time.

Some stock market analysts have recently raised concerns that large artificial intelligence data center operators, known as hyperscalers, could slow the pace of investment. But industry officials still expect supply and demand to begin moving toward balance no earlier than 2028.

Others see Lutnick’s remarks as a sign that the U.S. government is reviving pressure for local investment after a quieter period. The comments came one day before SK Hynix’s Nasdaq listing of American depositary receipts, prompting speculation that Washington may want funds raised through the listing to be invested in the United States rather than South Korea.

Since 2025, the United States has imposed reciprocal tariffs and temporary import surcharges. Semiconductors are currently excluded, but the U.S. government has suggested it could impose tariffs of up to 100% on all semiconductor imports. Earlier this year, President Donald Trump pressured memory chipmakers to invest in the United States, saying companies that do not build plants domestically could face 100% tariffs.

With Samsung and SK Hynix recently announcing a combined 800 trillion won investment plan in South Korea, industry observers said pressure for additional U.S. investment could grow. Lutnick’s latest comments were seen as moving in that direction.

Similar views have emerged overseas. Japan’s Nikkei recently said that because Samsung Electronics and SK Hynix together account for about 60% of the global memory market, the U.S. administration could raise monopoly concerns and demand relocation or investment in the United States.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260710010003905

July 10 (UPI) — South Korea’s HD Hyundai Marine Solution said Friday that the company has teamed up with Japan’s Weathernews to commercialize an AI-powered shipping route optimization solution.

The former is the marine after-sales and digital solutions unit of shipbuilding giant HD Hyundai Group, while the latter is a leading provider of specialized weather intelligence to businesses and other consumers.

Recent pilot projects in South Korea showed that the integrated AI solution incorporating Weathernews’ meteorological data can reduce fuel consumption by at least 3%, according to HD Hyundai Marine.

The corporation noted that the new solution can be immediately deployed on vessels already using either company’s existing services without requiring additional hardware or software.

The two partners plan to gradually roll out the AI-based solution to about 8,000 vessels currently using their services. In addition, they agreed to pursue a range of collaborative initiatives, including jointly marketing the solution to global clients.

“This agreement is significant because it transforms our collaboration into a viable commercial business model,” HD Hyundai Marine CEO Kim Sung-joon said in a statement.

“We will deliver the best solution available to help shipowners achieve two key objectives of reducing fuel costs and complying with increasingly stringent environmental regulations,” he added.

The share price of HD Hyundai Marine jumped 4.17% on the Seoul bourse on Friday while the benchmark KOSPI rose 2.52%. That of Weathernews fell 4.26% on the Japanese stock market.

July 10 (UPI) — Canada and the state of Michigan on Friday announced that a long-planned new bridge linking Ontario and Detroit will open at the end of July, 14 years after construction started.

The $4.4 billion Gordie Howe International Bridge between the two cities is set to open on July 27 and is set to offer improved transit on what leaders from Canada and Michigan called one of the busiest transportation corridors in North America.

The mile-and-a-half-long bridge includes new ports of entry on either side, with Canada and the United States establishing a 15-year economic development fund that has been tied to profits from crossing tolls.

President Donald Trump earlier this year threatened to prevent the bridge from opening over disagreements with previously existing trade agreements, his administration’s tariff regime and objections to Canada making trade deals with China.

“The Gordie Howe International Bridge has always been a great deal for our state,” Michigan Gov. Gretchen Whitmer said in a statement.

“Thousands of Michigan workers built this critical bridge, which will speed up auto production, lower costs, ease traffic, strengthen agriculture and give people on both sides of the border better-paying jobs and brighter futures,” she said. “This bridge is a testament to the enduring partnership between Michigan and Canada.”

The bridge project originated with the state’s then-Republican Gov. Rick Snyder agreeing to the six-line bridge because it would alleviate congestion accommodate future travel and create new transportation capabilities between U.S. and Canadian manufacturing regions.

Canada’s minister for housing and infrastructure, Gregor Robinson, hailed the completion and impending opening of the bridge as “strengthening one of the world’s most important trade corridors.”

“This nation-building project is a testament to what Canada can accomplish when we come together with a shared vision,” Robinson said in a statement.

“The Gordie Howe International Bridge will create new opportunities, strengthen our economy and bring economic benefits on both sides of the boarder for generations,” he said.

July 10 (UPI) — Apple on Friday filed a lawsuit against OpenAI and former Apple employees that work their for stealing confidential product information for the artificial intelligence company’s use.

The lawsuit specifically names two former Apple employees who allegedly handed over information to OpenAI when they joined the company that related to products they worked on at their former employer, The Hill reported.

In its filing, Apple said that OpenAI has been telling employees it hires away from the company to bring design information, prototypes and other information on how it makes its products.

There are, reportedly, more than 400 former Apple employees working for OpenAI, in addition to the company’s partnership with former Apple design chief Jony Ive’s io and his effort to lead the AI company’s hardware development.

“At Apple, our teams are constantly developing breakthrough technologies to create the best products and services in the world, and protecting their work and intellectual property is something we take very seriously,” an Apple spokesperson told 9to5Mac.

“Recently, significant evidence has emerged suggesting individuals employed by OpenAI wrongfully took Apple’s secret and confidential information regarding our unreleased technologies, process and products,” the spokesperson said.

Apple alleged its former vice president of product design, Tang Tan, has told Apple employees that he is interviewing for roles at OpenAI that they should bring things from Apple headquarters for “show and tell” sessions.

OpenAI denied the allegations in a statement, saying that the company remains “focused on building innovative technology that empowers people” and has “no interest in other companies’ trade secrets.”

South Korean stocks closed higher Friday, extending their winning streak to a second consecutive session, as semiconductor shares rallied following overnight gains on Wall Street. The local currency gained ground against the U.S. dollar.

After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) added 184.03 points, or 2.52 percent, to close at 7,475.94.

Trade volume was moderate at 449.53 million shares worth 31.16 trillion won (US$20.73 billion), with gainers far outnumbering losers 799 to 92.

Institutions purchased a net 1.13 trillion won worth of shares, while individuals and foreigners sold a net 772.82 billion won and 322.56 billion won, respectively. Foreign investors turned net sellers after two consecutive sessions of net buying.

After opening more than 3 percent higher, the KOSPI climbed as much as 5.7 percent during the session, triggering a buy-side sidecar that temporarily halted program trading in KOSPI-listed shares for five minutes. It marked the third activation of the trading curb this week.

The KOSPI gave up some of its earlier gains in afternoon trading as investors locked in profits.

Investor sentiment improved after U.S. stocks closed higher overnight, supported by a strong rebound in semiconductor shares and easing oil prices.

The Dow Jones Industrial Average gained 0.27 percent, while the S&P 500 rose 0.81 percent. The tech-heavy Nasdaq Composite climbed 1.3 percent.

In Seoul, large-cap stocks finished broadly higher.

Semiconductor heavyweight Samsung Electronics went up 2.52 percent to 285,000 won.

In contrast, SK hynix edged down 0.27 percent to 2.18 million won after opening higher. The company is set to make its debut on the tech-heavy Nasdaq through the listing of its American depositary receipts (ADRs).

“Investor sentiment toward the semiconductor sector improved as Meta’s capital spending plans and Micron’s investment outlook helped ease concerns about the industry’s prospects,” said Lee Kyung-min, an analyst at Daeshin Securities. “Strong investor demand for SK hynix’s ADR offering also supported sentiment toward semiconductor stocks, adding upward momentum to the broader market.”

Artificial intelligence investment firm SK Square advanced 6.18 percent to 1.41 million won, while chip components maker Samsung Electro-Mechanics gained 6.1 percent to 1.58 million won.

The Korean won was quoted at 1,501.4 won against the U.S. dollar at 3:30 p.m., up 4.7 won from the previous session.

Bond prices, which move inversely to yields, closed higher. The yield on three-year Treasurys went down 1 basis point to 3.768 percent, and the return on the benchmark five-year government bonds lost 0.8 basis point at 4.008 percent.

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July 9 (UPI) — The Trump administration on Thursday proposed to roll back a Biden-era rule on emissions from heavy duty diesel trucks because it is “unworkable.”

The Environmental Protection Agency proposed lowering requirements for heavy truck emissions systems because of issues with the technology for new trucks and penalties for older vehicles that do not measure up, the agency said in a press release.

The change is expected by the administration to save up to $6,000 per new truck and could help save truckers roughly $12 billion, Fox News and The Hill reported.

The change will shorten government requirements for engine warranties to 100,000 miles, from 450,000 miles, and will delay a requirement that trucks meet emissions standards for their first 650,000 miles — an increase from the first 435,000 miles — for three years.

“This proposal to eliminate engine deratements and reform the Biden-era … requirements will lower costs, increase safety and keep our nation’s food supply moving,” Secretary of Agriculture Brooke Rollins said in the release.

The Biden administration rule was aimed at strengthening rules about nitrogen oxide emissions by improving maintenance and repair requirements over a longer period of time.

Critics have said that the new rule will weaken clean air protections and potentially affect Americans’ health, but the administration has countered that lowering business and consumer costs are an essential focus and that environmental concerns are overblown.

July 9 (UPI) — Venezuelan interim President Delcy Rodríguez said she will send a formal letter to King Charles III, seeking release of the country’s gold reserves at the Bank of England, asserting the assets are needed to finance recovery efforts after the deadly June 24 earthquakes.

During a videoconference Wednesday with officials overseeing 87 temporary camps established for earthquake survivors, Rodríguez said she had begun direct international efforts to recover frozen Venezuelan assets and use them to respond to the disaster.

“That gold belongs to our people and should be used to address the terrible, tragic consequences of these twin earthquakes,” Rodríguez said, according to TeleSur.

She also renewed calls for an end to sanctions against Venezuela, arguing the country has financial resources frozen abroad that could be used to fund reconstruction after the disaster, which has killed 3,800 people.

In addition to appealing directly to the British monarch, Rodríguez said she is also in talks with International Monetary Fund Managing Director Kristalina Georgieva.

She said the goal is to unlock about $3.568 billion in Special Drawing Rights held by Venezuela at the IMF.

Venezuela’s gold reserves remain in custody at the Bank of England. According to Deutsche Welle, U.K. courts previously rejected transferring control of the assets to Nicolás Maduro’s administration after determining it was not the country’s legitimate government.

Rodríguez became interim president in January after Maduro was captured by U.S. military forces.

Separately, Venezuelan Foreign Minister Iván Gil called Wednesday for the release of Venezuelan state assets frozen abroad during a virtual meeting with the United Nations Office for the Coordination of Humanitarian Affairs.

“We have accounts belonging to the Venezuelan state in different parts of the world that have been frozen as a result of illegal sanctions,” Gil said, according to NTV24.

U.N. Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Tom Fletcher, who is in Venezuela, said the scale of the disaster prompted the United Nations to launch an urgent appeal for $296 million to support relief operations after the earthquakes.

According to multiple media reports, tracked international financial assistance pledged or delivered to Venezuela has exceeded $600 million through multiple donors and aid channels.

The U.S. State Department said it has committed more than $386 million in direct humanitarian assistance. The aid includes more than 400 metric tons of supplies, including hygiene kits, emergency shelter materials and food.

The assistance is being distributed through the Red Cross, UNICEF and the U.N. World Food Program rather than through Venezuela’s central government.

Despite those contributions, the financial challenge remains immense. U.N. estimates place total physical damage to homes, schools, hospitals and other infrastructure at about $37 billion, meaning the international aid received so far covers only the initial emergency response, including medical care and temporary shelter for displaced residents.

On my way through Skid Row to meet up with Estela Lopez, things looked pretty much as they did when I spent time there more than 20 years ago and first heard the promises that things would be better soon.

Tents lined some of the sidewalks, making them unpassable. Some people wore the damage of physical or mental disease, addiction, poverty, or all of the above. Outreach workers with ID lanyards strode through the trash-strewn landscape like lifeguards working against endless tides of fresh emergencies.

When I arrived at Lopez’s office in the 700 block of Crocker Street, where she runs a business improvement district on behalf of 600 or so beleaguered merchants, she had just completed a tour of the neighborhood with John McKinney, a candidate for city attorney.

She held a note card in her hand and shared some numbers, telling McKinney that by her latest count, 131 of the 702 streetlights in the district were out, 27 children were living on Skid Row, and 72 RVs were parked in the area.

“I came out here because I think this symbolizes the greatest failure in government,” McKinney said. “I think it’s the result of bad law and bad policy. I think it’s the result of a lack of leadership and indifference to the way people are living out here. To me, it’s completely untenable.”

But will anything ever change?

It’s a question two people in particular need to address, and I’ll get to that in a minute.

A lot of people I trust and admire work tirelessly to make a difference on Skid Row, and they’re always eager to share the success stories of those who move through and move on. (I’ve got a column on that coming up soon.)

The long-standing problem is that Skid Row is both a social service center and a mecca of drugs and other vices, with traps on every block. And so it’s a neighborhood at war with itself, with some viewing Skid Row as one of the largest recovery centers in the country while others see a snapshot of social collapse.

Estela Lopez has reached out to me several times over the years. About illegal dumping. Typhus. Calls to City Hall that don’t get answered. About the relentless plague of fires, overdoses and assaults.

“Can you imagine, in 24 years, how many people I’ve seen dead on these streets?” Lopez asked me near her office last week.

When the local post office closed recently in part because of security issues, Lopez told The Times’ Melissa Gomez that “we have reached a point in this city where we are unable to address criminal activity. … It’s surrender.”

We walked to the corner of 8th Street, where paramedics had just pulled away from a medical emergency. Cars and pedestrians stopped at tents for brief transactions, leaving little doubt as to the nature of the business being conducted.

We passed a caged dog and saw a puppy on a short leash being loaded into a vehicle. There’s a lot of talk about dogs being bred and sold, and Lopez said she’s seen evidence of animals being mistreated.

On 7th Street we passed the charred residue of a recent fire. A half block east, four men were slumped on the sidewalk, hitting pipes. Lopez gets calls from exasperated merchants dealing with vandalism and with people blocking their storefronts.

“I’ve never seen so many people overdose right here,” said Sergio Moreno, who runs a check-cashing business and said his family has been in business going back to the ‘70s. He said he’s seen paramedics use naloxone to revive opioid users, only to see the same people go down again just days later.

“How can you run a business?” asked Moreno, who chairs the board of the business improvement district Lopez runs. “This business is our life. This is how we got through school, this is how we put our kids through school.”

And yet despite paying city taxes and BID fees, Moreno said, problems persist and his customers fear for their safety.

Dr. Susan Partovi, a street medic for 22 years, has been advocating for more proactive intervention for those in obvious distress. Partovi told me she recently saw a man rise from a gutter, pull down his pants and defecate in front of her. She called to get help for him but said neither paramedics nor police determined him to be gravely disabled.

“We have become complacent with having people lying in the gutter, having diarrhea, speaking nonsensically and putting their lives at risk,” said Partovi, whom I once accompanied as she administered long-acting anti-psychotic injections, arguing that people need clear heads to make better choices.

One sore point for Lopez is the Skid Row Care Campus in the 400 block of Crocker Street, which opened a little more than a year ago and offers all sorts of social services, meds that reduce drug cravings, and supplies that allow for safe use of drugs.

Lopez said she understands the theory of harm reduction: Engage people with a goal of getting them into treatment and back on track. But she wonders how successful such programs are, and argues that they become magnets for lawlessness.

As we talked, a young man approached and told Lopez he’d seen her airing her grievances on TV news.

“I’m wondering, what would be your solution?” he asked.

“I would hope that people could return to life in sobriety,” Lopez responded.

The man said he is “trying to elevate” himself, but that he’d been on a waiting list for housing for six months.

Lopez is tired of being on a waiting list, too.

“If something is working down here,” she told me, “you can’t prove it by me.”

Progress is undeniable, said Sieglinde von Deffner, a social worker and Skid Row coordinator for the Los Angeles County Department of Homeless Services and Housing. But given the “highly vulnerable” nature of the population, “the need is colossal,” she said.

“I have not yet met someone here who doesn’t want housing of some kind. We just don’t have enough affordable housing for everyone,” Von Deffner said, and long-term homelessness makes people harder to reach. “Now, if we could just stop the inflow.”

Dennis Culhane, a University of Pennsylvania professor who researches homelessness and served as an L.A. County consultant, said there are other ways to get people indoors than investing billions of dollars in new housing that takes years to build. Culhane said single adults who are not veterans, including the elderly and disabled, constitute a majority of the homeless population. But assistance is scarce.

“It’s like you have a famine, and you’ve only got food for 15% of the people,” Culhane said.

Rapid rehousing is critical for the newly homeless, he said. But it can take two years for them to qualify for Social Security disability, and once they do, the $1,000 a month “is completely deficient in the face of rising rents.”

Culhane recommends faster approval of SSI benefits and supplementing that income with additional sources of rental assistance. He believes there are enough vacancies at the low end of the housing market to make a sizable dent in homelessness without new construction.

As campaign season warms up, I’d like to know if Mayor Karen Bass and her challenger, Councilmember Nithya Raman, agree.

The mayor of L.A. is limited by a power split with the City Council, and the county oversees most addiction and mental health services. But Skid Row sits just a few blocks from the seat of city authority, and nobody has more power or responsibility to address the decades-long human catastrophe on Skid Row than the mayor.

Estela Lopez and the merchants deserve better. The people on the street deserve better. Thousands of housed residents deserve better.

Does Bass have a plan other than what’s currently in place? Does Raman have a better one?

If so, I’d like to hear the details, and I’m available.

steve.lopez@latimes.com

Seoul shares plummeted nearly 5 percent Tuesday as technology stocks extended losses after Samsung Electronics Co. released its preliminary second-quarter earnings estimate. The Korean won fell against the U.S. dollar.

After opening 1.6 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) extended losses, falling 395.02 points, or 4.91 percent, to close at 7,656.31.

Trade volume was heavy at 512.29 million shares worth 39.66 trillion won (US$25.9 billion), with decliners outnumbering gainers 509 to 358.

Institutions and foreigners sold a net 309.1 billion won and 2.92 trillion won worth of stocks, respectively, while individuals purchased a net 3.13 trillion won.

Technology stocks plunged on profit-taking after Samsung Electronics estimated its operating profit for the April-June period at 89.4 trillion won, beating market forecasts.

Investors are now focusing on whether rising capital spending, intensifying competition and expanding production capacity will generate the earnings growth needed to justify elevated valuations of technology companies, analysts said.

In Seoul, technology shares led the decline.

Market bellwether Samsung Electronics plunged 6.92 percent to 296,000 won, while chip giant SK hynix declined 6.06 percent to 2,201,000 won ahead of its planned US$29 billion U.S. listing later this week.

Top carmaker Hyundai Motor dropped 4.48 percent to 479,000 won, and defense company Hanwha Aerospace shed 3.19 percent to 1,122,000 won.

Hanwha Ocean plunged 22.65 percent to 89,800 won after a South Korean consortium that includes the shipbuilder failed to win Canada’s multibillion-dollar submarine procurement project.

Among gainers, cosmetics maker Amorepacific rose 4.2 percent to 126,500 won, and leading refiner SK Innovation climbed 7.56 percent to 103,800 won.

The Korean won was trading at 1,528.20 won per U.S. dollar as of 3:30 p.m., down 2.1 won from the previous session.

The Korea Exchange (KRX), the country’s bourse operator, meanwhile, activated a circuit breaker for the benchmark index, suspending trading of KOSPI-listed shares for 20 minutes after the index plunged more than 8 percent during the session.

Bond prices, which move inversely to yields, closed lower. The yield on three-year Treasurys rose 0.4 basis point to 3.780 percent, and the return on the benchmark five-year government bonds climbed 0.8 basis point to 3.999 percent.

Copyright (c) Yonhap News Agency prohibits its content from being redistributed or reprinted without consent, and forbids the content from being learned and used by artificial intelligence systems.

1 of 6 | President Donald Trump rings the opening bell of the Nasdaq and the New York Stock Exchange to celebrate the first day of trading for Trump Accounts in the Oval Office of the White House in Washington, D.C., on Monday. Photo by Shawn Thew/UPI | License Photo

July 6 (UPI) — Stock in Dell Technologies jumped Monday morning after President Donald Trump promoted the company while opening the stock exchange from the Oval Office.

Dell CEO Michael Dell and Susan Dell were in the Oval Office along with investor Brad Gerstner, Treasury Secretary Scott Bessent and Sen. Ted Cruz, R-Texas, as Trump rang the opening bell. The president used the moment to encourage the purchase of Dell computers, preceding a 7% increase in Dell stock.

“Go out and buy a Dell computer,” Trump said. “Michael and Susan Dell, they are truly incredible.

The Dells donated $6 billion to the Trump Accounts program for children. Public financial disclosures show that Trump actively traded Dell stock in 2025, making 24 trades and purchasing stock 16 times.

We’re going to get him that money back one way or the other,” Trump said. “Then I’ll ask for another $6 billion. We’ll start the whole process all over again.”

Monday’s Oval Office event recognized the opening of the Trump Accounts on Saturday. The accounts are available to children 18 or younger and include a $1,000 contribution from the U.S. Treasury Department for babies born from 2025 through 2028.

“The American dream belongs to every child, and today we are equipping the next generation with the right to claim their rightful share of it,” Bessent said.

New York Stock Exchange president Lynn Martin was also in attendance in the Oval Office.

A military airport in the southwestern city of Gwangju was selected Monday as the site for a government-led project to create a semiconductor production cluster, a presidential official said.

The selection was made in a meeting earlier in the day between government officials and top executives of leading chipmakers — Samsung Electronics Co. and SK hynix Inc. — to discuss follow-up measures for the investment project, presidential chief of staff Kang Hoon-sik said at a press briefing.

The president will hold monthly meetings to personally check the progress in the massive investment project, he added.

The envisioned chip production cluster is part of the government’s “three megaprojects” initiative, centered on large-scale investments in semiconductors, physical artificial intelligence (AI) and AI data centers in regional areas.

Under the chip cluster project, the two leading chipmakers have pledged to invest a combined 800 trillion won (US$522 billion), marking the single-largest investment plan to date in the southwestern Gwangju and Honam area.

“Through consultations with related ministries, the government will promptly finalize the (administrative) process of designating the candidate site,” Kang said.

The presidential official noted that companies proposed the military site for the production complex, describing it as an 8.3 million-square-meter track of already leveled land that would save time for preparation.

Its proximity to the city’s downtown and railway station would also facilitate easy access for workers and the transportation of goods, the official said.

Kang noted that the president has decided to hold monthly meetings to review the progress of the projects and establish a dedicated body within Cheong Wa Dae to oversee them.

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July 3 (UPI) — South Korea’s biopharmaceutical company Celltrion said Friday that its sales amounted to $840 million in the second quarter of this year, up 35.2% from a year earlier.

The firm noted that its operating income for the April-June period jumped 77.3% year-on-year to reach $280 million, lifting its operating profit margin to 33% from 25% a year ago.

Celltrion attributed the solid performance to an improved product mix and lower manufacturing costs. In particular, its newly launched products accounted for more than 60% of total revenue during the latest three months.

On the cost side, Celltrion said that profitability has gotbetter following the completion of post-merger integration. In late 2023, the Incheon-based company, located west of Seoul, merged with its sales affiliate, Celltrion Healthcare.

Celltrion expects growth momentum to strengthen in the second half, when the biosimilar industry typically benefits from increased government procurement deliveries and year-end inventory replenishment.

The company also plans to further broaden its pipeline of biosimilars and novel drugs beyond its current portfolio.

“This performance shows that our efforts to expand new products and improve profitability are beginning to deliver meaningful results, “Celltrion said in a statement.

“We expect stronger participation in major national tenders and continued growth from new products, which will be reflected more fully in the second half,” it added.

The share price of Celltrion rose 3.96% on the Seoul bourse on Friday, while the benchmark KOSPI gained 5.76%.

July 3 (Asia Today) — Anthropic, the developer of the Claude artificial intelligence model, is in early discussions with Samsung Electronics about manufacturing a custom AI chip, according to a U.S. technology news report.

The Information reported Thursday, citing multiple people familiar with the discussions, that Anthropic is considering using Samsung’s 2-nanometer manufacturing process and advanced chip-packaging facilities.

The project remains at an early stage. Anthropic has not begun detailed chip design, testing or manufacturing, the report said.

Samsung’s 2-nanometer process is among the most advanced semiconductor manufacturing technologies available. Smaller manufacturing nodes can allow more transistors to be placed on a chip, potentially improving computing performance and energy efficiency.

Advanced packaging places processors, high-bandwidth memory and other chip components closer together. The shorter distance can increase data-transfer speeds and reduce bottlenecks when running large AI models.

Anthropic is studying the functions and performance required for the chip as well as how it could be integrated into servers, people familiar with the matter said. The company is also reportedly holding discussions with several chip-design companies.

Anthropic is considering using processors developed by Microsoft and British chip startup Fractile as it evaluates different approaches to expanding its computing infrastructure.

The company hired Clive Chan in June. Chan was the second hardware engineer to join OpenAI’s custom-chip program and worked on the project from its early stages.

Chan announced his departure from OpenAI and move to Anthropic in a June 7 post on the social media platform X. He said he was drawn by the opportunity to begin climbing a new technological mountain from the bottom.

The recruitment suggests Anthropic is building an internal team capable of designing specialized processors as competition with OpenAI expands from AI models into hardware and data-center infrastructure.

Anthropic raised $65 billion in a Series H investment round completed May 28, giving the company a post-investment valuation of $965 billion.

The funding was led by Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital. Samsung Electronics, SK hynix and Micron participated as strategic infrastructure partners.

Anthropic said the three semiconductor companies provide technologies that play important roles in supplying memory, storage and logic chips.

Samsung is the only one of the three companies that also operates a large contract chip-manufacturing business, raising expectations that its relationship with Anthropic could expand beyond memory supplies.

A manufacturing agreement with Anthropic would give Samsung another major AI customer as the South Korean chipmaker seeks to challenge Taiwan Semiconductor Manufacturing Co. in the market for advanced processors.

Samsung previously signed a $16.5 billion agreement to manufacture next-generation AI chips for Tesla. Google is also reportedly considering using Samsung to manufacture part of a future tensor processing unit.

The potential Anthropic contract could strengthen Samsung’s position as demand for alternatives to Taiwan Semiconductor’s manufacturing capacity increases.

Major technology companies are developing specialized processors to reduce computing costs, improve energy efficiency and gain greater control over their AI infrastructure.

Google has developed several generations of its tensor processing units, while Amazon Web Services operates its Trainium processors for AI training.

OpenAI and Broadcom unveiled Jalapeño, OpenAI’s first custom inference processor, on June 24. Inference refers to the process through which a trained AI model generates responses to user requests.

OpenAI said the processor was developed from initial design to production in nine months. Early deployment is expected by the end of the year.

Broadcom Chief Executive Officer Hock Tan described Jalapeño as the beginning of a multigeneration processor roadmap. The companies plan to install the chips in large-scale data centers operated with partners including Microsoft.

Anthropic said its custom-chip work would not replace its existing relationships with hardware suppliers.

“Nvidia GPUs, Google TPUs and AWS Trainium chips will continue to play a central role in our computing resources,” the company said in response to a request for comment from The Information.

South Korea on Monday unveiled a wider semiconductor investment plan under which Samsung and SK hynix are expected to invest about 800 trillion won ($523 billion) over the next decade.

The plan includes four new semiconductor fabrication plants and expanded production of high-bandwidth memory and advanced packaging technologies used in AI systems.

Samsung has faced yield problems in some previous advanced manufacturing processes. Yield refers to the percentage of usable chips produced from each semiconductor wafer.

The performance and production stability of Samsung’s 2-nanometer process are therefore expected to be critical to its ability to compete with Taiwan Semiconductor for major AI-chip orders.

An industry official said Samsung has become more selective about accepting manufacturing orders, focusing resources on projects considered commercially and technologically viable.

Anthropic is entering the custom-chip competition later than several major AI and cloud-computing companies. However, rapidly rising demand for AI infrastructure is creating opportunities for specialized processors.

TrendForce projects that shipments of servers using cloud companies’ custom application-specific integrated circuits will grow 44.6% in 2026. Shipments of servers using general-purpose graphics processors are expected to grow 16.1%.

Nvidia remains the dominant supplier of AI processors, but the development of chips by OpenAI, Google, Amazon and other technology companies could gradually reduce their reliance on its hardware.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260703010001110

PRINCESS Andre has shared a brand new sneak peek of her highly anticipated makeup business ahead of its official launch.

The 18-year-old daughter of Katie Price and Peter Andre has even revealed the brand’s name to fans.

Princess is nearing her takeover of the beauty market and has now teased her launch for her very own brand, after landing huge beauty deals in the past. 

Taking to her Instagram, Princess can be seen at her preview launch with images of her and pink balloons in the background. 

The newfound beauty owner can be seen in white corset top, mouthing the words: “omg those makeup products you used are SO good.”

Following the popular online trend, makeup mogul Mitchell Halliday  replies: “They’re your products.”

Princess then adds an “oh yeah” before spinning around and blowing a kiss.

The pair were both shown holding makeup products presumably from Princess’ new line. 

The beauty guru added the caption: “Preview Launch, so excited to share with you all what I’ve been working on for so long (heart emoji).”

Alongside, she added the handle to her new brand’s beauty page that has already racked up thousands of followers. 

It’s revealed that the name of her business is set to be By Princess. 

Fans and celebrities alike flooded the stars comment section, GK Barry penned: “Congrats Queen (heart emoji)”

“Love you sweetie (heart emoji)” wrote proud dad Peter. 

Former Towie star Bobby Norris chimed: “Congrats darling!! Xx” which was echoed by Princess’ allegiance of fans.

News broke of Princess’ business venture last year following her second deal with high street giant Superdrug, as the face of their affordable cosmetics line, Studio London.

But now the star is ready to step out on her own and launch her own makeup line.

An insider at the time said: “Princess loves everything to do with make-up and people love her ‘get ready with me’ videos. 

“It’s very savvy of the teen to launch her own line, she knows everyone always wants to know what she’s using, so why not make her own?”

Princess has had a very successful few years, which has included landing her own reality show and passing her driving test, before splashing out on a brand new Audi A1. 

She has vowed to be a millionaire before she turns 20 and she’s well on her way. 

As well as working with Superdrug, she was also an ambassador for online retailer PrettyLittleThing, and launched her own jewellery range.

July 3 (Asia Today) — A U.S. battery joint venture between South Korea’s LG Energy Solution and Honda has begun mass-producing lithium-ion cells for energy storage systems at its Ohio plant, the company said.

L-H Battery Company began production Thursday at its factory in Jeffersonville, Fayette County.

The cells will be supplied through LG Energy Solution Vertech, the South Korean company’s North American energy-storage system integration subsidiary.

They are expected to be used in utility power grids as well as commercial, industrial and residential energy-storage systems across the United States.

The Ohio plant was originally built primarily to manufacture batteries for Honda electric vehicles.

The partners adjusted the factory’s production strategy as growth in the electric-vehicle market slowed and changes in the U.S. regulatory and policy environment increased uncertainty for automakers and battery manufacturers.

The joint venture decided to prioritize the faster-growing energy-storage market while maintaining the flexibility to produce cells for other applications.

It plans to consider manufacturing batteries for hybrid-electric vehicles at the plant as market conditions evolve.

Honda said in May that it would convert part of the joint venture’s electric-vehicle battery production lines to make batteries for hybrid vehicles.

The company also said it would use the Ohio battery facilities for other applications as it restructures its North American vehicle and battery production network.

Honda canceled plans in March to develop and launch three electric-vehicle models that had been scheduled for production in North America, citing changes in the business environment.

The start of storage-battery production marks a significant step in LG Energy Solution’s strategy to manufacture more energy-storage products within North America.

Demand is rising as utilities add renewable-energy capacity and seek batteries that can store electricity when supply exceeds consumption.

Artificial intelligence data centers are also increasing electricity demand and creating a need for additional power-generation, transmission and storage infrastructure.

Energy-storage systems can help stabilize power grids by storing electricity during periods of low demand and releasing it when demand rises.

LG Energy Solution has been converting or adapting electric-vehicle battery facilities to produce storage batteries as manufacturers respond to slower electric-vehicle growth.

The company plans to operate five energy-storage battery manufacturing sites in North America.

The network includes plants in Holland and Lansing, Mich., the NextStar Energy facility in Windsor, Ontario, the Ultium Cells factory in Spring Hill, Tenn., and the L-H Battery Company plant in Ohio.

LG Energy Solution said it aims to secure more than 50 gigawatt-hours of annual energy-storage battery production capacity in North America by the end of 2026.

The company said batteries manufactured in Ohio will support projects serving power grids, businesses and homes.

BloombergNEF has projected that the U.S. energy-storage market could expand to 485 gigawatt-hours in 2030 and 976 gigawatt-hours in 2035.

“Energy storage systems are an important future business for L-H Battery Company and will become a core business pillar along with the production of battery cells for hybrid-electric vehicles,” L-H Battery Company Chief Executive Officer Koo Ja-hoon said.

Chief Operating Officer Rick Riggle said the company has hired employees and begun production since the joint venture was established in 2023.

“This start of mass production is significant because it goes beyond simply operating a plant and establishes a stable production base for our North American business,” Riggle said.

LG Energy Solution and Honda formally established L-H Battery Company in 2023 to manufacture lithium-ion batteries in Ohio.

The joint venture was initially designed to support Honda’s expanding electric-vehicle production in North America.

The revised production strategy allows the companies to use the plant for energy storage and hybrid vehicles while retaining the ability to respond if electric-vehicle demand recovers.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260703010001209

A hypnotizing deep dish of star wattage, family meltdowns, racial tensions and Texas-sized steaks served for breakfast, George Stevens’ 1956 drama was taken extremely seriously in its moment — 10 Oscar nominations seriously. The most notable of those were for Rock Hudson and, competing against him in lead actor, a posthumously honored James Dean. Taken together, the two represent a fascinating dichotomy that was happening in screen acting, a burrowing into psychology that was leaving other more traditional stars behind. (Elizabeth Taylor and Mercedes McCambridge make for another great pairing in the movie.) Roughly 25 years later, the film would inspire the TV series “Dallas,” even down to having a main character with the initials J.R. Go luxuriate in the original epic.

“Giant” is playing Sunday at the Academy Museum. Tickets here.