Categories
World News

Intel falls on report Microsoft will design personal chips for PCs, servers

Satya Nadella, CEO of Microsoft Corp., speaks during the company’s annual general meeting on November 29, 2017 in Bellevue, Washington.

David Ryder | Bloomberg | Getty Images

Intel fell 6.3% on Friday after Bloomberg reported that Microsoft plans to develop its own chips, possibly for both its Surface PCs and servers.

Intel is known to have a longstanding partnership with Microsoft as the primary processor manufacturer for Windows PCs.

“Since silicon is a fundamental building block for technology, we continue to invest in our own capabilities in areas such as design, manufacture and tools and promote and strengthen partnerships with a large number of chip providers,” said Microsoft spokesman Frank Shaw in a statement.

The report comes a month after Apple started selling PCs with its own M1 processor instead of Intel chips. The Microsoft chips are reportedly based on Arm’s technology, which Nvidia is currently acquiring from Softbank.

Apple’s chips for its iPhones and Amazon server chips are also based on Arm’s instruction set, which differs from the x86 technology mainly used by Intel. According to Bloomberg, Microsoft is more likely to use its chips for servers than for its Surface PCs.

Earlier this month, a senior Microsoft executive didn’t reject the idea that Microsoft would build its own “first party” chips at a conference.

“The partnerships we have in this area, from the OpenAI efforts we have to our relationship with Intel and Arm developments, we certainly point out the need for advanced capabilities here, regardless whether we are building them as a first-party provider or have an ecosystem. This is not yet known by third-party partners, “said Judson Althoff, executive vice president of global retail at Microsoft, during an appearance at UBS Global, Technology, Media and Telecommunications conference on December 8th.

Windows currently runs on Arm-based PCs, usually with chips from Qualcomm. Microsoft introduced the Surface RT tablet in 2012, which contained an arm chip from Nvidia, although the device was discontinued in 2013. Last year, it introduced the Surface Pro X with a Qualcomm arm chip and brought out an updated version of the device this year.

Microsoft announced in 2017 that it was working with Arm server manufacturers to optimize silicon for use in its own data centers.

Intel reported $ 9.85 billion in revenue for its group, which sells PC chips, for the quarter through September. Server chips are also an important business for Intel. For the quarter ended September, Intel reported sales of $ 5.91 billion for its data center group, which sells server chips.

Intel has had problems manufacturing its chips in recent years. Intel controls its own chip factories, known as “fabs”, compared to other chip designers who contract with companies in Asia to make chips to customer specifications.

The more transistors a chip manufacturer can fit in the same space, the more efficient a chip is. Currently, Intel ships chips with 10-nanometer transistors, but special foundries like TSMC are now making 5-nanometer chips that are technically superior.

Earlier this year, Intel CEO Bob Swan said he was considering outsourcing its manufacturing, like Apple is doing.

Intel did not immediately return a request for comment.

– Jordan Novet contributed to this story.

Categories
World News

Dow falls greater than 100 factors as lawmakers battle to seal last-minute stimulus deal

Stocks slid from record highs in volatile trading on Friday as lawmakers struggled to bridge disparities on additional measures to stimulate the coronavirus.

The Dow Jones Industrial Average fell 124.32 points, or 0.4%, to 30,179.05. At its session low, the 30-stock benchmark lost more than 270 points. The S&P 500 fell 0.4% or 13.07 points to 3,709.41 while the Nasdaq Composite lost 0.1% or 9.11 points to 12,755.64. All three indices hit new intraday highs earlier in the day after the records close in the previous session.

Leaders on Capitol Hill said they were on the verge of an agreement that would provide $ 900 billion in additional aid. The month-long talks are about to begin, and federal funds will run out on Saturday at 12:01 a.m. ET.

Senate Majority Leader Mitch McConnell, R-Ky., Said Friday that negotiations “remain productive”. “In fact, I am even more optimistic now than last night that a bipartisan, bicameral framework for a major bailout is very close,” he added.

House Majority Leader Steny Hoyer, D-Md., Said that afternoon that the Chamber would be on hiatus until 5 p.m. while leaders of Congress try to get a “clearer picture” of how to move forward. He urged representatives to keep Friday evenings, Saturday and Sunday free.

Last-minute disputes preventing Congress from passing an aid agreement include direct payments, small business loans and an increase in unemployment insurance.

Big volume

The stock market saw massive volume on Friday as Tesla’s historic entry into the S&P 500 will be based on close of trading prices. There has been a rush of activity on the final bell and the S&P 500 will start trading with Tesla as a member on Monday.

With a market cap of more than $ 600 billion after rallying 700% this year, the electric car maker is named the 7th largest company in the index.

Tesla is added to the benchmark in one fell swoop, marking the biggest realignment of the S&P 500 in history. It is estimated that passive funds tracking the S&P 500 will need to buy more than $ 85 billion of Tesla, while $ 85 billion of the rest of the index will need to be sold to make room for it.

Tesla shares rose up to 4%, hitting an all-time high on Friday before closing just 0.4% higher. More than 181 million shares of Tesla changed hands, quadrupling the average 30-day volume.

Several large exchange-traded funds such as Invesco QQQ Trust (QQQ), which mirrors the Nasdaq 100, are being rebalanced alongside the S&P 500 Friday.

Meanwhile, Tesla’s inclusion coincides with a quarterly event known as Quadruple Sorcery, when options and futures expire on indices and stocks. Many expect Friday to be one of the busiest trading days of the year.

Winner Week

The main averages posted gains for the week despite Friday’s weakness. The Dow was up 0.4% for the week. while the S&P 500 was up 1.3% in its fourth positive week in five years. The tech-heavy Nasdaq outperformed the week, up 3.1%.

Shares rose earlier this week on optimism about a stimulus deal and the launch of the vaccine. On Thursday evening, Food and Drug Administration advisors overwhelmingly backed Moderna’s Covid vaccine, a major step towards FDA approval for public distribution. The first vaccinations in the US were given on Monday with the vaccine from Pfizer and BioNTech.

Investors are betting that an increase in Covid cases and disappointing economic data would force lawmakers to cement a new aid package. Unemployment claims reached their highest level since early September last week, while retail sales fell more than expected in November.

“The bad news this week is that the third wave is worsening and the economic damage from the pandemic continues to worsen,” said Brad McMillan, chief investment officer at Commonwealth Financial Network. “The good news is that policymakers are starting to contain the virus and the federal government is likely to put in place a stimulus package that will mitigate both of the main risk factors.”

McMillan said investors should expect higher volatility in the short term amid developments in the stimulus and vaccines space before the economy returns to growth in 2021. “With vaccines now available and rampant, we are at the end of the start of the pandemic and the markets are realizing that,” he added.

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Categories
Politics

Variety of Executions in U.S. Falls Regardless of Push by Trump Administration

WASHINGTON – Partly because of the impact of the pandemic on the criminal justice system, the number of executions in the United States this year has fallen to its lowest level since 1991 despite the Trump administration reviving the federal death penalty. This emerges from a study published on Wednesday.

The report from the Information Center on the Death Penalty said seven prisoners were executed by states, the lowest number since 1983. The center led the decrease in executions as well as a decrease in new death sentences due to court closings and public health concerns related to the prison back coronavirus, but also cited a long-term trend away from the death penalty in much of the country.

In contrast, the federal government executed 10 prisoners, the highest number of federal civilian executions in a single calendar year in the 20th or 21st century. The surge – the first time the federal government has executed more civilian prisoners than all states combined – was the result of a decision by the Trump administration to end an informal 17-year moratorium on the death penalty for federal crimes.

President-elect Joseph R. Biden Jr. has announced that he will work to end the federal death penalty. However, the Justice Department has planned three more executions in the first half of January before he takes office.

Robert Dunham, the executive director of the Death Penalty Information Center, which is not categorically opposed to the death penalty but has been critical of its use, said states and the federal government were exposed to the same virus even though the annual numbers were skewed by the pandemic but reacted very much differently.

“At the time when almost every state was prioritizing the safety of its citizens over the execution of prisoners, the federal government decided that it was more important to carry out a rash of executions without full judicial review of these cases in the circumstances and public health endangered, ”he said.

Attorney General William P. Barr announced in July 2019 that the government would execute five men in the coming months, which the courts foiled shortly before the executions began. The Supreme Court then cleared the way for the Trump administration to resume the death penalty in June and allowed any execution.

In her senior year, the government has also allowed additional available execution options such as firing squads or electrocution. The 17-year federal death penalty hiatus was largely due to legal challenges and the unavailability of lethal injections, said Charles Stimson, a senior legal fellow at the Heritage Foundation, a conservative think tank. He said the government had simply continued the constitutionally approved tradition of the federal death penalty.

“Ultimately, if we are to uphold the rule of law, you have to make the rule of law work,” said Stimson.

This year, the total number of executions by both states and the federal government fell from 22 in the previous year to 17, according to the report.

Updated

Apr. 16, 2020, 7:32 am ET

The coronavirus has spread to correctional facilities across the country, making the death penalty difficult and killing some death row inmates before states can kill them. The Texas courts have stopped or delayed eight executions, and four more have been delayed in Tennessee by court order or by the governor, the report said. Of the 62 execution dates set for that year, only 17 were carried out.

In contrast to the federal states, the federal government has largely adhered to its schedule despite the dangers of the pandemic.

Two lawyers for Lisa Montgomery, the only woman on federal death row scheduled to be executed, contracted the coronavirus after visiting her client. A judicial statement by a Bureau of Prisons official found that eight members of the team that carried out a federal execution in November at the Terre Haute, Indiana prison complex, where hundreds of cases have been reported, later tested positive for the virus.

Coronavirus forced states to temporarily close their courts, a major factor that resulted in the fewest new death sentences passed in a year since the Supreme Court repealed existing death penalty laws in 1972.

According to a Gallup poll, support for the death penalty in murder cases has been around 55 percent since 2017.

Robert Blecker, professor emeritus at New York Law School, said poll support for the death penalty depends largely on how the question is phrased. Support will rise when the question identifies the circumstances and “atrocities associated with the murder,” he said.

Colorado became the 22nd state to abolish the death penalty this year, and 12 others have not carried out executions in at least a decade, according to the center’s report.

In addition, voters in at least nine major counties elected new prosecutors who had pledged to abandon the death penalty or use it sparingly. These districts make up 12 percent of the current death row population, the report said.

Most likely, the number of executions and death sentences will rise in 2021 and 2022 as the pandemic subsides, said Dunham, the report’s lead author. But those who are to die under the Trump administration will most likely be the final federal executions, at least while Mr Biden is in office.

Categories
World News

Chipmaker SMIC inventory falls as co-CEO plans to resign, it faces MSCI elimination

A close-up of a CPU socket and motherboard lying on the table.

Narumon Bowonkitwanchai | Moment | Getty Images

China was on the way to becoming more independent in semiconductors. This move has accelerated in recent years as tensions with the US increased. SMIC is key to China’s ambitions.

However, Washington has tried to make it harder for Chinese industry to catch up. The US reportedly imposed sanctions on SMIC in September that made it difficult for it to acquire the American technology it needed. That month, SMIC was blacklisted as suspected Chinese military companies in the US.

Hong Kong-listed SMIC shares fell 4% at around 2:59 p.m. local time. The company’s Shanghai-listed shares fell around 5.5%.

Categories
Health

Enhancing Your Stability to Stop Falls

The 70-year-old Locker explained, “Posture retraining exercises use the body’s own weight to move the postural muscles to balance the body.” The exercises are isometric; There is no movement. Rather, the postural muscles are tensed and the tension is maintained for as long as possible, building strength in both the muscles and bones.

While I am usually very skeptical of such advice from a non-specialist with no degree in physiotherapy, kinesiology, rehabilitation medicine, or exercise training, one paragraph in Mr. Locker’s book convinced me:

“Walking on a flat surface is not stressful,” at least not as Mr. Locker defines it, because it does not train postural muscles. “The knee tends to lock when the foot hits the ground, and the foot doesn’t stay on the ground for more than a moment. Hence, walking, while wonderful and healthy, does not improve balance. Walking a rocky Adirondack trail with both legs constantly bent for balance is stressful. “

I immediately referred to this description. I spent most of last summer in the lower Catskills, hiking my dog ​​over rocks and roots on uneven trails for an hour or more every other morning. In the first two weeks of July, I felt very insecure and fell twice. But with every trip I got safer and by the end of summer my balance and stability had improved noticeably. Even when I was jostled by a dog on a rocky surface, I easily remained stable and upright.

While many people are unable to train their postural muscles by hiking in the woods, Mr. Locker describes exercises that people can safely perform at home using their own bodies as equipment. No gym or equipment is needed, not even an exercise band. Basically, the feet learn to be more firmly attached to the ground as the body weight moves within a support base.

“In tai chi,” noted Locker, “we don’t move to achieve balance. First we balance, then we move. “Balance is not subject to conscious control, but it can be improved with use and decreased with non-use, he explained. “The key to balance and stability in humans is the ability to create a downward force that goes beyond body weight. Thus, neither a statue nor a surfer who is stiff as a statue can stay upright on a surfboard. “

A Sample Lesson: You’ve probably heard advice on improving balance by standing on one leg while brushing your teeth. A far better plan is to flex the knee and ankle of the leg you are standing on to activate the postural muscles. At the same time, the pelvic muscles remain relaxed. If extra assistance is needed, use the fingertips of one hand on the sink or wall. Note, however, that the goal is to stand without support and only use the wall as a counterbalance.

Another simple exercise is to stand straight with your hamstrings and glutes relaxed, and then bend your knees and ankles as if you were sitting in a high chair. Keep your spine straight and your pelvis relaxed. Hold this position for as long as possible, gradually increasing the time as your postural muscles get stronger, up to 15 minutes.