Trump signs order ending US sanctions on Syria, Damascus welcomes move
U.S. President Donald Trump signed an executive order on Monday ending the U.S. sanctions programme on Syria, the White House confirmed....
China is expected to remain the top investor in chipmaking equipment in 2025, despite a 24% year-over-year decline, with global semiconductor investments rising 2% to $110 billion, driven by the growing demand for AI chip production.
China is set to maintain its position as the largest investor in new computer chipmaking equipment in 2025, despite experiencing a significant year-over-year decline, according to a report by the industry group SEMI. The country, which has long been the largest consumer of chips, is expected to invest $38 billion in chip manufacturing tools next year, down 24% from $50 billion in 2024. However, this spending still surpasses that of South Korea, where investments are projected to reach $21.5 billion in 2025, and Taiwan, which is expected to invest $21 billion.
Global investment in semiconductor equipment is forecast to rise 2% in 2025, totaling $110 billion. This marks the sixth consecutive year of growth, driven largely by the demand for tools to produce chips for artificial intelligence (AI) applications. SEMI has also predicted that the impact of AI on chipmaking will accelerate in 2026, with a projected 18% growth in investment.
China's increased spending in the chip sector is part of a broader strategy to reduce the country's dependence on imported chips, spurred by U.S. government restrictions. Since mid-2023, China has ramped up efforts to expand its chipmaking capacity with strong governmental support.
While Chinese investments are declining, the country remains ahead of other regions, such as South Korea, where major companies like SK Hynix and Samsung Electronics are expanding memory chip production. Taiwan, home to the world’s leading foundry TSMC, continues to be a major player in the AI chip market, manufacturing chips for companies like Nvidia.
The global shift towards AI-driven chip demand has bolstered the fortunes of major equipment manufacturers, including ASML, Applied Materials, and KLA. ASML, in particular, is forecast to achieve sales between $32 billion and $38 billion in 2025, holding a dominant share in the lithography market.
Despite the decline in China’s spending, its ongoing investment in the semiconductor sector highlights its commitment to strengthening domestic chip production, with plans to reduce reliance on foreign technology amid rising geopolitical tensions.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
An oil tanker carrying one million barrels of crude oil exploded near the Libyan coast, Bloomberg reported on 30 June.
U.S. President Donald Trump signed an executive order on Monday ending the U.S. sanctions programme on Syria, the White House confirmed.
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