High end equipment – Sharp TH http://sharp-th.com/ Mon, 21 Nov 2022 14:15:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sharp-th.com/wp-content/uploads/2021/07/icon-2021-07-02T222002.614-150x150.png High end equipment – Sharp TH http://sharp-th.com/ 32 32 Argentine Officials Rush Illegal BTC Mining Farm in ‘Luxury Apartments’ https://sharp-th.com/argentine-officials-rush-illegal-btc-mining-farm-in-luxury-apartments/ Mon, 21 Nov 2022 14:00:00 +0000 https://sharp-th.com/argentine-officials-rush-illegal-btc-mining-farm-in-luxury-apartments/ Source: Phonlamaiphoto/Adobe The Argentinian tax authorities crackdown on unregistered crypto mining extends to residential properties. Officers shut down an illegal bitcoin (BTC) mining farm in an “upscale” apartment building in an upscale neighborhood of La Plata, in the province of Buenos Aires. Earlier this month, the tax authorities – known locally as AFIP – raided […]]]>
Source: Phonlamaiphoto/Adobe

The Argentinian tax authorities crackdown on unregistered crypto mining extends to residential properties. Officers shut down an illegal bitcoin (BTC) mining farm in an “upscale” apartment building in an upscale neighborhood of La Plata, in the province of Buenos Aires.

Earlier this month, the tax authorities – known locally as AFIP – raided a livestock and grain farm, where they found some $20 million worth of coin mining equipment.

But the latest bust saw officers raid the apartment, where they said they found working, unregistered bitcoin mining rigs connected to the internet. The platforms, according to AFIP, had been concealed inside a “container” concealed on the terrace of the complex.

Officers said the hardware included some 180 “video cards used for Bitcoin mining.” They claimed the market value of the equipment was “over $45,000,000”. They also claimed that the crypto-mining rigs had been operational “for more than eight months” before they were discovered.

The mastermind of the farm appears to have been the owner of the complex, with the tax body saying the ‘property owner’ was ‘under investigation’.

But the AFIP found that the electrical outlets on the terrace had been registered “in the name of a third party”, a “maneuver which helped to conceal the farm”. Ambito reported.

The raid was carried out in collaboration with the La Plata Regional Directorate of the General Directorate of Taxes.

Crackdown on unregistered Argentinian crypto miners

Officers said they were investigating “activity” at “two other addresses” to see if a connection could be established.

AFIP raids this year have also seen the tax authority intercept an illegal shipment of crypto-mining rigs hidden inside a shipping crate full of cattle prods and children’s toys.

They also ran into a farm in San Juan province where the miners had hidden their rigs in an area set aside for cooling fruit.

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iSentek is committed to perceiving the world with innovative technology and spreading intelligence everywhere https://sharp-th.com/isentek-is-committed-to-perceiving-the-world-with-innovative-technology-and-spreading-intelligence-everywhere/ Wed, 16 Nov 2022 06:02:28 +0000 https://sharp-th.com/isentek-is-committed-to-perceiving-the-world-with-innovative-technology-and-spreading-intelligence-everywhere/ //php echo do_shortcode(‘[responsivevoice_button voice=”US English Male” buttontext=”Listen to Post”]’) ?> With the advent of the Internet of Things (IoT) and Artificial Intelligence (AI) era, the importance of sensor components playing the “sensory” role in electronic devices has become increasingly important. Sensors are not only the key to the “intelligence” of various systems, but also an […]]]>

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With the advent of the Internet of Things (IoT) and Artificial Intelligence (AI) era, the importance of sensor components playing the “sensory” role in electronic devices has become increasingly important. Sensors are not only the key to the “intelligence” of various systems, but also an indispensable element for the final products to meet the requirements of various safety and energy saving standards. Based in Taiwan and established in June 2011, iSentek is a MEMS sensor designer who is optimistic about the development prospects of this market and is committed to developing its own technology and providing customers with comprehensive solutions.

Max Lai, Founding Chairman and CEO, iSentek

Max Lai, Founding Chairman and CEO of iSentek, said that the emerging applications which were popular in the market ten years ago were IoT, Industry 4.0 and smart phones which have been rapidly popularized since their birth in 2007. “From a technical point of view, sensors play a key role in all of these applications. It is only with sensors that these devices which were originally dead objects have the ability to perceive. From an industry perspective, Taiwan already had a comprehensive electronics supply chain at the time, including various PCs, consumer electronics manufacturers and strong upstream semiconductor companies, but lacked local suppliers of sensor components. Most of the sensors were imported from Europe, USA and Japan. This provided a good opportunity for iSentek. We believed that a local technology company capable of independently producing sensors would not only make the entire Taiwanese electronics industry more competitive, but also fill the long-term gap and meet the needs of local customers.

iSentek’s R&D team specializes in various types of magnetic sensing technologies, including Planar Hall, Vertical Hall, AMR, TMR and fluxgate; the current product line includes current sensor, angle sensor, linear sensor, electronic compass/magnetometer and switch sensor, and will continue to expand the product line. Max Lai said that in terms of applications, iSentek’s sensors not only support mainstream products such as cellphones and smart watches, but also have achieved fruitful results in emerging applications such as electric vehicles (EV) and drones in recent years. Among them, EV applications are mainly based on residual current detection (RCD) needed for charging, and drone application is dominated by high precision and low power consumption electronic compasses, for which iSentek has conquered a market share of up to 80%. Max Lai also revealed that with the help of factors such as the global COVID-19 pandemic and the pursuit of clean energy by countries around the world, he is optimistic about the takeoff of applications of medical devices and energy storage systems (ESS). Thus, iSentek also actively invests in the research and development of related products.

Figure 1: iSentek’s milestone in advanced solutions

Committed to the research and development of its own technology

Although sensors are nearly ubiquitous and indispensable in today’s electronic devices, they still receive far less attention than the main processors, microcontrollers and other components that act as the “brains” of the system. In fact, it takes extensive and deep technical knowledge to produce seemingly discrete sensors, as they are the epitome of knowledge in professional fields such as physics, machinery, materials, electricity. Custom design and tuning should be done in conjunction with the final application in order to achieve the required level of accuracy and fully utilize the overall system performance. While Taiwan’s semiconductor industry chain leads the world in integrity and competitiveness, iSentek’s greatest competitive advantage over foreign suppliers is its proximity to customers and awareness. to their weak points.

“Different applications have different requirements for detection accuracy and measurement range, and it is necessary to select appropriate sensors according to individual circumstances,” said Max Lai. “We do not sell single sensor components to our customers, but provide them with complete solutions. Therefore, from system circuit design, we must have close communication with customers to understand their system specifications – including CPU/MCU architecture and other sources of interference in the system – as well as accuracy, temperature, stability and other sensor parameters; in addition to hardware components, we also provide exclusive algorithm support.

Max Lai pointed out that iSentek has been committed to the research and development of its own technology since its inception and hopes to provide customers with a new generation of sensor solutions. Over the past ten years, iSentek has accumulated many R&D achievements on innovative technologies, including three-dimensional sensor planarization technology, the related papers of which have been published in IEEE and other international conferences or academic journals; iSentek has obtained 67 technical patents (with 19 more still pending). He also pointed out that in addition to technological innovation of sensor architecture, iSentek has also invested many resources in developing exclusive formulas of hardware innovations that can improve sensor performance.

Quintessence of cross-domain knowledge and cross-industry cooperation

Innovation in sensor technology should not only be achieved through the combination of cross-domain knowledge, but cross-industry cooperation is also very important. Taking the example of the RCD of electric vehicle charging equipment, Max Lai pointed out that the leakage current detection function is essential for the personal safety of the end user, and therefore it is necessary to work working closely with the client during the design process to ensure the end result can meet safety requirements. “Currently, most of the charging cell manufacturers are concentrated in Taiwan or mainland China, so our advantage of being close to customers is reflected. Not only are we close to downstream system manufacturers, due to the centralized nature of the semiconductor industry chain in Taiwan, but we are also very close to wafer foundries, packaging and testing factories. ; therefore, any technical communication can be completed quickly, which can greatly improve the efficiency of new product development. Due to its rich experience in alliances with different industries, iSentek is also confident in developing promising energy storage systems and medical equipment applications. Max Lai said the energy storage system is expected to see huge demand as the world’s major economies move towards the application of green renewable energy.

Current sensors are also needed inside the energy storage system; High-accuracy, high-dynamic-response-range current sensors are an important key element in the energy storage system. The development process requires closer cooperation with customers to solve problems that may be encountered in practical applications, and continuous adjustment must be made in order to produce the best results.

The same is true for medical equipment. “We are not medical professionals, but we listen carefully to our customers’ needs and solve their problems from the perspective of our specialized sensor technology.” Max Lai believes that not only because of the COVID-19 pandemic but also because of the comprehensive broadband network infrastructure, the experience of seeing a doctor without having to go to a hospital or clinic made telemedicine more acceptable to the public. Therefore, the demand for medical equipment such as pulse oximeter for personal use will inevitably increase. In new applications of energy storage system or medical equipment, iSentek will cooperate with local customers in Taiwan first, and then turn the accumulated experience into competitiveness to enter the international market. Currently, iSentek has bases in the United States, Mainland China and other places from which localized technical support can be provided to customers.

To look forward

As various electronic devices continue to evolve towards intelligence and new applications such as artificial intelligence of things (AIoT) and autonomous vehicles emerge, it is expected that the market demand for sensors increases not only in quantity but also in quality. “Let’s take the example of sensors. Their required parameters for resolution, accuracy and range will be higher and higher,” explained Max Lai. For example, the motor control of an electric vehicle must be very precise so that the vehicles do not get stuck during rapid accelerations/decelerations. Smart vehicles combined with autonomous driving features require an immediate response, and these safety applications will require more sophisticated sensors to support.

Figure 2: iSentek product and technology roadmap

Therefore, from a technical point of view, a new generation of TMR (Tunneling Magnetoresistive) and AMR (Anisotropic Magnetoresistive) sensors which can provide higher resolution and wide range are inevitable to replace traditional Hall sensors in many applications. . In addition, the sensor itself must also add more intelligence – but how? Max Lai said making some improvements to the algorithm and matching the microcontroller is one way, and the other is to reinvent the sensor’s own architecture. However, the latter is the “secret skill” of various manufacturers. Thus, iSentek will not divulge its details, but users can expect future detection systems to be smart enough to identify specific signals and events more accurately and respond to them more quickly.

Researching and developing smart sensors that combine AI and even neural networks requires the cooperation of other companies with relevant technical expertise. Therefore, Max Lai believes that more examples of cross-industry alliances and cross-field cooperation will be seen in the sensor industry. Regardless of how the market evolves, iSentek will continue to provide customers with “both software and hardware” comprehensive sensing solutions. In response to growing needs, iSentek is currently expanding its team and looking for engineers interested in joining the exploration of sensor technology in order to advance towards the goal of realizing the vision of “perceiving the world and creating a happy life”. “.

(For more information, visit iSentek official website. To contact an iSentek sales or technical representative, please send mail to: mailto:sales@isentek.com)

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Investment and production expansion reaffirm BMW’s confidence in China https://sharp-th.com/investment-and-production-expansion-reaffirm-bmws-confidence-in-china/ Sat, 12 Nov 2022 00:23:00 +0000 https://sharp-th.com/investment-and-production-expansion-reaffirm-bmws-confidence-in-china/ A high-voltage battery of an electrically powered BMW is installed during the so-called Green Day event at the German carmaker’s factory in Leipzig, eastern Germany. [PHOTO/AFP] German automaker BMW has announced a 10 billion yuan ($1.39 billion) investment to expand its battery production plant in China, reaffirming its strong confidence in the Chinese market. This […]]]>

A high-voltage battery of an electrically powered BMW is installed during the so-called Green Day event at the German carmaker’s factory in Leipzig, eastern Germany. [PHOTO/AFP]

German automaker BMW has announced a 10 billion yuan ($1.39 billion) investment to expand its battery production plant in China, reaffirming its strong confidence in the Chinese market. This is another major investment by BMW to accelerate its transition to electrification following the opening of the Lydia plant in Shenyang, Liaoning province, in June.

“Today’s signing of the agreement is the latest demonstration of our confidence in the Chinese market and our commitment to promoting cooperation between China and Germany,” said Jochen Goller, President and CEO. management of BMW Group Region China.

This new expansion project is located in the Sino-German High-end Equipment Manufacturing Industrial Park (Shenyang) in Shenyang Economic and Technological Development Zone.

With the completion of its expansion, the high-voltage battery center will become the BMW Group’s third global power battery center. In 2017, BMW Group established the center, which encompasses battery research and development, production and testing.

In June, BMW invested 15 billion yuan in its new Lydia plant in Shenyang, primarily designed to produce the all-electric BMW i3, a sporty mid-size sedan. The Lydia plant will increase BMW’s annual production in China to 800,000 vehicles from 700,000 in 2021.

Since 2010, BMW has invested more than 83 billion yuan in Shenyang to build a production system integrating research and development, procurement and production of powertrains and vehicles, making Shenyang the largest production base in the world. world for BMW Group, according to the company.

The past decade has seen BMW’s huge success in China since the founding of the BMW Brilliance joint venture in 2002. China’s sales accounted for a third of its global share in 2021.

In addition, China has become the world’s largest new energy vehicle market and the most important NEV research center in recent years.

According to data from the China Association of Automobile Manufacturers, sales of new energy vehicles in China amounted to 3.521 million units in 2021, accounting for 53 percent of the global market share.

Li Hongbiao, a senior fellow at the China Academy of Northeast Revitalization, said Europe faces challenges such as an energy crisis and regional conflicts, while China has cultivated its industrial chain and supply chain. NEVs complete with its advantages of technical strength and lower manufacturing costs. .

Experts said that China has gained competitive advantages in the middle and upper parts of the new energy vehicle industry chain, especially in battery manufacturing, battery parts and battery processing. battery metals.

On June 22, the State Council executive meeting made it clear that China will continue to support NEV purchases by implementing policies such as tax exemptions.

In 2021, BMW’s NEV sales in China reached 48,000 vehicles, with a 69.6% year-on-year increase.

By the end of 2025, BMW plans to deliver 2 million 100% electric vehicles worldwide. By 2030, the production of electric cars should represent 50% of its global market.

Li Mofei contributed to this story.

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Wind, rain trigger car breakdowns and crashes in Oregon https://sharp-th.com/wind-rain-trigger-car-breakdowns-and-crashes-in-oregon/ Sat, 05 Nov 2022 20:55:17 +0000 https://sharp-th.com/wind-rain-trigger-car-breakdowns-and-crashes-in-oregon/ Heavy rains and winds ripped tree limbs and triggered power outages and flood warnings across Oregon on Friday evening, marking an abrupt end to recent warmer than usual weather in the Pacific Northwest. Meanwhile, snow and ice in eastern Oregon caused spinning semi trailers and blocking lanes on Interstate 84. So many trucks had to […]]]>

Heavy rains and winds ripped tree limbs and triggered power outages and flood warnings across Oregon on Friday evening, marking an abrupt end to recent warmer than usual weather in the Pacific Northwest.

Meanwhile, snow and ice in eastern Oregon caused spinning semi trailers and blocking lanes on Interstate 84. So many trucks had to stop in Baker City that transportation officials began requiring trucks heading west to Idaho to stop at the border instead Ontario.

A maple tree fell in the Sellwood neighborhood of Portland during high winds and rain Friday night. He smashed a car and destroyed power lines.

Stephani Gordon/OPB

The dramatic change in weather was caused by a massive atmospheric river which swept from the Pacific Ocean and pounded the region.

As highways in western Oregon became slippery in the rain, transportation officials had to close some roads due to car crashes, including two fatal incidents in which drivers lost control of their cars. vehicle in Washington and Clatsop counties.

In Washington State, high winds caused the release of a houseboat that floated loose on the Columbia River.

The heavy rain also flooded Portland’s “Big-Pipe” system Friday night, causing stormwater and sewage to overflow into the Willamette River. City officials are advising the public to avoid contact with the river for at least two days due to increased bacteria in the water.

As sewage poured into the river, winds of up to 40 miles per hour triggered power outages for several thousand people. Portland General Electric clients. A company spokesperson said most of those outages were due to wind-related equipment damage, but some were also caused by a fire at a substation in Portland’s Mount Tabor neighborhood. It is not known if the fire was caused by the storm; the spokesperson said PGE is still investigating the incident.

Portland responders reported fires and explosions near the substation northeast of 60th Avenue and Stark Street around 9 p.m., according to a Press release. Under the advice of a PGE representative after finding little threat to surrounding buildings and homes, Portland firefighters allowed the electrical fire to die out.

“This incident was complicated in part because the substation was still live with all the transformer oil burning on the ground,” the statement said.

About 7,000 PGE electricity meters lost power due to the fire, but have since been redirected to other power sources.

Flames in an electrical substation.

Portland Fire & Rescue crews responded to a fire at a Portland General Electric substation on Northeast 60th Avenue and Stark Street Friday night. No other buildings outside the station were damaged.

Portland Fire and Rescue

Prepare now for a cold and wet winter

Friday night’s storm could be just the start of what should be a very cold and wet winter. Emergency officials say now is a good time to stock up on things you’ll need during a winter storm, whether you’re stuck at home or on the road.

“We encourage people to have extra food, water, extra medicine, important documents as part of their home preparedness,” said Andrew Phelps, director of the Department of Emergency Management at the Oregon. “When you’re on the road, it’s important to have some of those same things: extra warm clothes, extra non-perishable food, extra water bottles, and other things you might need to keep you going. security.”

Phelps said the most important thing people can do is stay aware of weather conditions and hazards. Some resources include:

The American Red Cross offers a complete guide to understand weather warnings and prepare for winter storms. Among the tips, he advises people to protect their homes by:

  • Create an emergency plan with your family.
  • Protect frost pipes.
  • Ensure that heat sources are installed correctly and safely.

Be very careful with heaters

Phelps said alternative heating sources, such as wood or coal stoves, kerosene lamps and generator-powered electric heaters can be helpful, but only if used safely.

“There are certain things that people want to try to do that actually become more harmful than good, and generators are a great example of that,” Phelps said.

Generators can cause carbon monoxide poisoning or an electrical fire if used improperly. The Red Cross also has a generator safety guide. His advice includes:

  • Keep the generator dry and do not touch it with wet hands to avoid electric shock.
  • Turn it off and let it cool before refueling, to prevent gasoline from spilling onto hot engine parts and igniting.
  • Store gasoline for the generator in a dry, cool, safe place away from home.
  • Never use a generator, grill, camp stove, or other gas or charcoal powered equipment in a house, garage, basement, or other partially enclosed space. Opening windows and doors does not provide enough ventilation to prevent carbon monoxide poisoning.

Heaters can also pose a significant hazard during the winter months. The National Fire Protection Association offers a heater safety guidewho advises people to maintain a 3-foot clearance around them, and to always turn them off and unplug them when not in use.

Traveling in winter

While drivers can get timely updates on road conditions at Oregon TripCheck.org Where Washington’s roadmapPhelps said they should always keep safety gear in their cars.

“The weather can change very, very quickly, and you don’t want to find yourself without the proper gear you need to drive in the snow,” Phelps said. “Like tire chains, for example, or having emergency kits in case you get stuck somewhere.”

The Red Cross advise drivers to winterize their cars ahead of winter storm seasons to avoid being stranded. He also advises drivers to keep these items in their car:

  • A windshield scraper and a small broom.
  • A small sandbag, for wheel traction, or a traction mat.
  • Snow chains.
  • Matches in a waterproof container.
  • Red fabric to attach to the antennae.
  • An emergency kit, including warm clothes.

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Q3 2022: focus on efficiency and new products amid continued market headwinds https://sharp-th.com/q3-2022-focus-on-efficiency-and-new-products-amid-continued-market-headwinds/ Thu, 03 Nov 2022 10:15:00 +0000 https://sharp-th.com/q3-2022-focus-on-efficiency-and-new-products-amid-continued-market-headwinds/ Oslo, Norway, November 3, 2022 /PRNewswire/ — Third quarter revenue of $10.4 million compared to $13.5 million in the third quarter of 2021 Gross margin of 42% vs. 39% in Q3 2021 Adjusted Q3 EBITDA negative $0.6 million improved from negative $1.4 million in the third quarter of 2021 Revenue over nine months of $41.2 […]]]>

Oslo, Norway, November 3, 2022 /PRNewswire/ —

  • Third quarter revenue of $10.4 million compared to $13.5 million in the third quarter of 2021

  • Gross margin of 42% vs. 39% in Q3 2021

  • Adjusted Q3 EBITDA negative $0.6 million improved from negative $1.4 million in the third quarter of 2021

  • Revenue over nine months of $41.2 million and adjusted EBITDA of negative $0.2 million

  • Quarterly OPEX reduced by 35% YoY due to organizational right-sizing and favorable exchange rates

  • Focus on product development continued with first shipments of next-generation liquid coolers and new SimSports products ready for pre-order in Q4 2022

  • 2022 annual revenue expected within the range of $50$52 million and an operating loss of $5$6 million

Asetek announced a turnover of $10.4 million compared to $13.5 million the same period of 2021. Revenue for the first nine months was $41.2 million compared to $61.7 million at the same time last year. The change from the previous year for the two periods compared reflects lower shipments of liquid cooling products due to the still difficult economic climate.

Gross margin was 42% for the third quarter of 2022, compared to 39% in the third quarter of 2021. The improvement in margin reflects a stronger US dollar, a change in product shipment mix and lower costs associated with global shipping and logistics. Gross margin for the first nine months of 2022 was 41% compared to 42% for the same period of 2021.

“As we reduce costs and seek efficiencies in response to the continued difficult business climate, we are also seeing a high level of interest and positive feedback from end users for all of our products. We anticipate recovery demand once the current macro headwinds subside and remain focused on expanding our product program in 2022 and 2023 to capture long-term growth potential as gamers and enthusiasts continue to grow. ‘to demand new and improved gear and experiences in traditional games and simulation racing,’ said André Sloth Eriksen, CEO of Asetek.

The operating loss was $1.7 million and Adjusted EBITDA was negative $0.6 million in the third quarter of 2022, against an operating loss of $4.1 million and a negative adjusted EBITDA $1.4 million in the third quarter of 2021. In the first nine months, the operating loss was $3.5 million and Adjusted EBITDA was negative $0.2 millioncompared to an operating result of $1.3 million and an adjusted EBITDA of $6.5 million in the same period of 2021.

Operating costs of $6.1 million were 35% lower than in the third quarter of 2021, which included one-time charges of $1.0 million. The cost savings are mainly due to lower personnel costs associated with headcount reductions and a stronger US dollar which had a favorable effect of approximately $0.9 million. The amortization was $1.0 million and stock-based compensation was $32,000. Operating expenses for the first nine months were $20.3 million17% less than the same period of the previous year.

During the first nine months of 2022, the Company invested $11.9 million in property, plant and equipment, including the development of a new head office, and $2.5 million capitalized costs for the development of new products. The company attracted $7.6 million on a construction line of credit in the first nine months and is working to finalize development period financing and structure long-term post-delivery financing.

To September 30, 2022total assets were $67.1 million ($75.4 million at December 31, 2021) and the total equity of $43.0 million ($48.4 million). The translation difference reduced total equity in the first nine months of 2022 by $3.4 millionresulting from a 16% stronger US dollar against the Danish krone.

Working capital at September 30 has been $6.5 million ($20.6 million at December 31, 2021) including $11.0 million cash and cash equivalents ($23.3 million). Long-term debt totals $1.8 million ($1.5 million).

OPERATIONS

In the third quarter, the company shipped 155,000 sealed-loop coolers, compared to 237,000 in the third quarter of 2021. Eleven new products began shipping in the third quarter, including nine liquid coolers, four of which feature the new technology of 8th generation cooling, and two SimSports products. In the fourth quarter, six new liquid cooling products and at least two new SimSports products are expected to begin shipping.

During the quarter, the company began shipping orders for two new SimSports products – the Forte™ high-performance throttle and brake pedal set and the Pagani Huayra R Sim Racing pedals. Forte pedals allow budding sim racers to experience premium pedals for immersive racing and true race car feel at a competitive price. The Limited Edition Pagani Huayra R Sim Racing Pedals offer the virtual experience of driving a Pagani, the most exclusive hypercar brand in the world.

In July, the company announced an agreement with esports leader Hardpoint to make Asetek’s SimSports racing products available to try and buy at International Motor Sports Association (IMSA) racing events. In August, Asetek participated in Gamescom 2022 Expo in Germanyshowcasing the planned offerings of its upcoming range of SimSports steering wheels and wheelbases.

On October 4, Asetek announced a settlement of the pending patent infringement lawsuit with CoolIT Systems and Corsair Gaming. The settlement is expected to reduce the Company’s future legal expenses beginning in the first quarter of 2023.

OUTLOOK

Rising inflation and interest rates, combined with the lingering impact of pandemic shutdowns, supply chain disruptions and general geopolitical tensions, continue to delay the normalization of the business climate. The effect is reduced discretionary consumer spending, lower demand for the company’s liquid cooling and SimSports products for gamers and enthusiasts, and continued low visibility in forecasts provided by OEM customers. In this environment, the Company continues to focus on profitability and product development.

On November, 1stthe company provided updated full-year 2022 revenue guidance of approximately $50$52 million and an operating loss of around $5$6 million. The updated expectations follow the Company’s temporary suspension of guidance on August 3 this year due to reduced visibility on OEM and end-user customer demand for liquid cooling and SimSports products.

Conference call and webcast

CEO André Sloth Eriksen and CFO Pierre Dam Madsen will present the Company’s results today at 2:00 p.m. CET and invites investors, analysts and the media to join the presentation. The presentation is expected to last up to an hour, including questions and answers, and can be followed via live webcast or conference call.

Webcast – audio presentation and slides:

Please join the results webcast via the following link: https://streams.eventcdn.net/asetek/2022q3/

Conference call – audio only:

Please dial 5-10 minutes before using the phone numbers:

Denmark

+45 8987 5045

Norway

+47 8150 3308

UK

+44 (0) 20 3936 2999

Germany

+49 (0) 32 22109 8334

the United States of America

+1 646 664 1960

Access code: 871 727

Material:

The publication and presentation of the results for the third quarter of 2022 will be available online at www.asetek.com and www.newsweb.no, as well as through press agencies. A recorded version of the presentation will be available at www.asetek.com about two hours after the end of the presentation.

Questions and answers :

Conference call lines will be open for attendees to ask questions after the presentation is over. Questions can also be submitted via the online webcast during the presentation.

For questions or more information, please contact:

CEO and Founder André
S. Eriksen, +45 2125 7076,
Email: ceo@asetek.com

CFO Pierre Dam Madsen,
+45 2080 7200,
email: investor.relations@asetek.com

About Asetek:

Asetek (ASTK.OL), a global leader in mechatronics innovation, is a Danish success story from garage to stock market. Founded in 2000, Asetek has established its innovative position as the leading developer and OEM producer of all-in-one liquid coolers for all major PC and gaming enthusiast brands. In 2013, Asetek went public while developing energy efficient and environmentally friendly cooling solutions for data centers. In 2021, Asetek introduced its product line for next level immersive SimSports gaming experiences. Asetek is headquartered in Denmark and has operations in China, Taiwan and United States.

This information is subject to the disclosure requirements in accordance with section 5-12 of the Norwegian Securities Act.

The following files are available for download:

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SOURCEAsetek

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A Tale from the Crypt, Part 2: A Pregnant Mom? Not so fast! https://sharp-th.com/a-tale-from-the-crypt-part-2-a-pregnant-mom-not-so-fast/ Mon, 31 Oct 2022 21:21:48 +0000 https://sharp-th.com/a-tale-from-the-crypt-part-2-a-pregnant-mom-not-so-fast/ It was around 2 a.m. one night around early December 2018, and the last day of the anthropological analysis, when Marzena Ożarek-Szilke looked at x-ray images of a mummy believed to be a priest and makes an astonishing discovery. : The belly of the mummy seemed to contain a fetus. Ożarek-Szilke is an […]]]>

It was around 2 a.m. one night around early December 2018, and the last day of the anthropological analysis, when Marzena Ożarek-Szilke looked at x-ray images of a mummy believed to be a priest and makes an astonishing discovery. : The belly of the mummy seemed to contain a fetus.


Ożarek-Szilke is an anthropologist, archaeologist and co-director of the Warsaw Mummy Project (WMP), a team of archaeologists who examine in depth a collection of Egyptian mummies at the National Museum in Warsaw. She was using GE Healthcare’s RTG mobile X-ray machine to take further measurements of the pelvis and bones of the “male priest” mummy when, she recalls, she saw “something light” on a CT scan.


“I was very tired and thought it was impossible for me to look at a pregnant mom,” she says. “I asked my Egyptologist husband to come and see. He also saw the fetus, and later we identified a skull and other body parts.


When the apparently pregnant mummy first arrived in Warsaw in 1826, the inscription on the coffin bore the name of a male priest. Although there have been previous X-ray examinations over the years, the use of precise X-ray equipment for non-invasive imaging has allowed the team to gain a more complex insight into the interior. of the body and discover the visual abnormality.


Using computed tomography (CT) and portable imaging technology from GE Healthcare, they were able to improve visualization of the torso and internal organs – which had been separately mummified, bandaged and placed back into the body – by approaching the mummy under different angles, without having to move the fragile artifact. Previous imaging was often distorted, but GE Healthcare’s software compensated by providing a series of real-time scans that could be stacked, producing a single panoramic image.


The excitement of the team was great – they seemed to have discovered the first known case of a preserved pregnant mummy.


Ancient Egyptians were known to gut bodies during mummification and either bury internal organs in jars near the mummy or put them back on the body. The question is: what did they do when a woman died in pregnancy? The team published their discovery of the fetus, with all its great implications, in April 2021 in the Journal of Archaeological Sciences.


But maybe they needed to take a second look.



A clearer picture


After the publication of the initial article, many doubts were raised around the world on the presence of a fetus in the mummy. Thus, a new team was formed within WMP, led by its co-director, Kamila Braulińska, from the University of Warsaw. Using the same X-ray and CT scan data and employing the same equipment and software to obtain high-quality images of the internal structure of the mummy, they did a careful reanalysis and published their findings in of july CamberEological and anthropological sciences.


A key difference between the two surveys: this time, a diagnostic imaging professional was consulted. Radiologist Łukasz Kownacki, an experienced user of diagnostic imaging modalities and image post-processing methods, has used the sophisticated image processing algorithms available on GE Healthcare workstations for nearly 20 years – since the very beginning of his residency in radiology at the 2nd Department of Radiology at the Medical University of Warsaw in 2003. Today he heads the 2nd Department of Diagnostic Imaging at the European Health Center Otwock in Poland.




The other co-authors, Dorota Ignatowicz-Woźniakowska and Maria Kurpik, are experienced National Museum restorers. They oversaw the digitization of the mummy and the preparation of the new article and also provided valuable input regarding respect for human remains studied and exhibited in museums.


Braulińska wrote that what the first team interpreted as a fetus was actually three “bundles”, which often contained organs or were placed in mummies by former embalmers to maintain the shape of the body after the mummification process.


Evidence of this technique has already been seen in human remains. Using findings on radiological density, newly interpreted mass internal arrangement, and material characteristics – in conjunction with a review of archaeological literature on Egyptian mummies and fetuses – the researchers determined that the purported fetus was in fact poor radiological interpretation of these. bundles.


The new idea explains the absence of visible fetal bones in the pelvic contents. The document also points to other inaccuracies and claims in the initial “finding” that contradict each other.


Despite the disappointment that “pregnancy” is something else entirely, and what it says about the lack of cooperation between specialties in the study of Egyptian mummies, there is reason to be excited about the future of such a imagery. “I’m sure the whole team of archaeologists learned a lot from this interesting case,” says Kownacki. “I’m very happy to watch their skills progress in post-processing the CT data I created.” He also encourages his colleagues to support the archaeological community whenever possible through their access to high-end imaging equipment and 3D data reconstruction capabilities available in all hospitals.


Kownacki, who developed the high-resolution CT method and personally performed the CT imaging of the famous mummy, says: “We have shown how much the analysis of 3D effects and their interpretation depend on the skills of the software user, which can achieve excellent results. visualization effects without being a radiologist, archaeologist Kamila Braulińska being the best example.


The tools available to researchers today are highly advanced, useful and usable, paving the way for new discoveries in the field. The art is in the analysis.



poland mummy 2


An art with a long history


Such imaging technology is now helping to unravel the mysteries of the past; however, there is a long history of X-rays used on mummies. In 1896, Walter König was the first to do so, just months after German scientist Wilhelm Conrad Röntgen discovered the technology.


“In the first tests of X-ray machines, you had to spend a few hours in the machine to get images. It was too long [for living subjects to stay still]so mummies were an ideal use case,” says Wojciech Ejsmond, co-director of the Warsaw Mummy Project and expert in ancient Egyptian archeology.


The researchers say the non-invasive digital techniques give them a never-before-seen look at the past.


“Sometimes mummies are wonderfully preserved. You can recognize the faces, the nails are often well preserved, the hairstyle – it’s basically a time capsule,” says Ejsmond. “Although we have to remember that some of the internal organs were removed, other things, including the heart, remained as they were.”


Since the Warsaw Mummy Project started in 2015, the team has used both CT scans and X-rays to examine mummies at the museum. The two technologies are complementary and reveal different information about the mummy, including everything from the person’s age and health to their childhood nutrition, facial features and clues about the society they lived in.


For example, CT scans can show the amulets, charms, and ornaments with which the dead were buried, which can help researchers date a mummy and determine the area where the person lived. X-rays can show Growth arrest lines on the bones, also called Harris lines, which can indicate periods of poor nutrition or childhood trauma.



Solve more mummy mysteries


The technology can also help detect whether a mummy might be an archaeological fake. In one case, Ożarek-Szilke examined a mummy in the National Museum that was initially believed to be a 19th-century fake, but appeared to be a genuine Ancient Egyptian artifact embellished in the 19th century.



poland mummy 3

“In this mummy, the X-ray image was better than a CT scan,” she says. “When I examined the contents, there were human bones and ancient Egyptian amulets that proved it was not a fake. It was just a very unusual kind of mummy. Previous researchers who examined mummies similar called them fake.


Braulinska also uses X-rays and CT scans to study animal mummies, often discovered alongside humans. She has seen many cases of mummies that appear to hide a single animal but turn out to contain several.


The technology even serves a practical purpose, since researchers no longer have to move the delicate mummies and risk breaking them.


“It was very convenient for us, because the mummies are in different rooms. Instead of bringing mummies to gear, we could bring gear to mummies,” says Ejsmond. “It is very important, because every movement is dangerous for the structure of the mummy.”


The new technology helps archaeologists in their research process – another new technique involves fusing radiological images with the latest advances in holographic imaging.



Future steps to unlock the past


The first phase of the Warsaw mummy project, involving radiological examination and analysis of X-rays and CT scans, is now complete. However, the analysis of the material obtained continues. Going forward, the researchers say they have big plans to work in conjunction with GE Healthcare, leveraging its technology, to learn more about the mummies, such as the types of viruses they may have suffered from in the past. during their lifetime, and create 3D prints of their bones and amulets.



poland mummy 1


“We would also like to take micro-samples of mummies from inside and outside to date the mummies and learn more about their health and living conditions. We can take blood samples, but we have to work on the methods of such research,” says Ożarek-Szilke. “This is just the beginning.”


Braulińska and her colleagues are very proud of how the Warsaw Mummy Project, which they started only a few years ago in Poland, has caught the world’s attention and how interesting archaeological research can be. when combined with developments in diagnostic imaging. “It’s great to see how open GE Healthcare is to support our project, although it can sometimes be difficult to keep up with evolving theories,” says Braulińska.



This article originally appeared on Insights, the newsroom of GE Healthcare.

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10 Cheap Oil Stocks Under $10 https://sharp-th.com/10-cheap-oil-stocks-under-10/ Tue, 25 Oct 2022 10:12:44 +0000 https://sharp-th.com/10-cheap-oil-stocks-under-10/ In this article, we will be looking at the ten cheap oil stocks under $10. If you want to skip our industry experience and skip to the top five stocks on this list, take a look at 5 Cheap Oil Stocks Under $10. OPEC+’s decision to cut production in order to keep oil prices up […]]]>

In this article, we will be looking at the ten cheap oil stocks under $10. If you want to skip our industry experience and skip to the top five stocks on this list, take a look at 5 Cheap Oil Stocks Under $10.

OPEC+’s decision to cut production in order to keep oil prices up created controversy earlier this month when the decision was sharply criticized by Washington. Oil prices have hit record highs this year following the Russian invasion of Ukraine, and if there’s one thing analysts can agree on, it’s that the world needs more oil.

The journey of a barrel of oil from its underground and underwater reserves to the final consumer is filled with many stages, such as analysis, exploration, production, refining and transportation. All of these segments are served by countless companies, and research covering the industry as a whole and by segment has optimistic growth estimates.

For instance, The Business Research Company estimates that the crude oil market was worth $1.35 trillion last year and will grow 4.2% this year to reach $1.41 trillion by the end of the year. Between now and 2025, growth will slow to a compound annual growth rate of 1%, with the market worth $1.47 trillion by the end of the forecast period. He links this growth to increased demand from China and India and points out that new technologies such as drill bits, pumps and high-performance imaging equipment make the work of exploration companies and production much easier than before.

Appreciate the reports focuses on the oil and gas analysis market. He believes that this sector, which focuses on using natural language processing to assess the regulatory environment, predictive analytics to determine when equipment might fail and uses simulations to monitor platforms, was worth $13 billion in 2020. By 2027, it will grow at a solid CAGR of 20.1% and be worth $48 billion by the end of the forecast period.

Today’s article looks at some cheap oil stocks that are doing well and have long-term growth potential, and the top performers on our list are Kosmos Energy Ltd. (NYSE:KOS), Transocean Ltd. (NYSE:PLATFORM), and Equitrans Midstream Corporation (NYSE:TEN).

10 Cheap Oil Stocks Under $10

Pixabay/Public Domain

Our Methodology

We looked at the oil industry as a whole and then identified its various segments to sift through the companies that operate in each sector. The companies were then briefly analyzed based on their financials and market performance, after which they were ranked in Insider Monkey’s Q2 2022 survey of 895 hedge funds. These stocks are trading under $10 as of October 25.

10 Cheap Oil Stocks Under $10

10. Aemetis, Inc. (NASDAQ:AMTX)

Number of hedge fund holders: 5

Aemetis, Inc. (NASDAQ: AMTX) is an ethanol, biodiesel and biogas company headquartered in Cupertino, California, United States. The company sells its products to retailers, distributors and petroleum refining companies and serves markets in the United States and India.

Aemetis, Inc. (NASDAQ:AMTX) scored a big win in September 2022 when it announced it had secured $7 billion in airline fuel supply contracts. Airlines include some of the largest in the world, such as Cathay Pacific, British Airways, Delta Airlines and American Airlines. The contract with Cathay Pacific itself is worth $3 billion, and the full deal will see the company supply 916 million gallons of fuel.

Aemetis, Inc.’s (NASDAQ:AMTX) second quarter results saw the company post $66 million in revenue for 20% annual growth. Of the 895 hedge funds in Insider Monkey’s Q2 2022 survey, five had a stake in the company.

The largest investor in Aemetis, Inc. (NASDAQ:AMTX) is Todd J. Cantor’s Encompass Capital Advisors who owns 1.8 million shares worth $9 million.

Aemetis, Inc. (NASDAQ:AMTX) joins our list of cheap oil stocks, alongside Transocean Ltd. (NYSE:RIG), Kosmos Energy Ltd. (NYSE:KOS) and Equitrans Midstream Corporation (NYSE:ETRN).

9. Ring Energy, Inc. (NYSE:REI)

Number of hedge fund holders: 9

Ring Energy, Inc. (NYSE: REI) is an oil and gas company headquartered in The Woodlands, Texas. The company has nearly 80 million barrels of oil-equivalent reserves, and it has leases on tens of thousands of acres of oilfields across the United States.

Ring Energy, Inc. (NYSE:REI) is expected to generate $127 million in free cash flow by the end of 2023, and by reducing capital spending for the fourth quarter, the company is also able to reduce its net debt at $440. million by the end of 2022. If the price of WTI oil were to remain at $78, the company’s revenue for 2023 would sit at a respectable $440 million, which is also equal to its net debt reading.

Ring Energy, Inc. (NYSE:REI) also aims to sell up to 19,000 barrels of oil equivalent per day in the current quarter, and increase slightly next year. As part of their Q2 2022 holdings, nine of the 895 hedge fund portfolios scanned by Insider Monkey had invested in the company.

The largest investor in Ring Energy, Inc. (NYSE: REI) is John Overdeck and David Siegel’s Two Sigma Consultants who owns 1.6 million shares worth $4.3 million.

8. Independence Contract Drilling, Inc. (NYSE:CIM)

Number of hedge fund holders: 10

Independence Contract Drilling, Inc. (NYSE: ICD) is a contract drilling company that provides its services to other companies for oil and gas drilling. The company has multiple platforms and is headquartered in Houston, Texas, USA.

Independence Contract Drilling, Inc. (NYSE:ICD) is on an expansion path and the company aims to add eight more rigs to its portfolio by the end of 2023. It is also focused on improving of its operational efficiency and saw revenue per day increase by 5% between the first and second quarters of this year. Additionally, not only does Independence Contract Drilling, Inc. (NYSE:ICD) have a strong backlog, but 36% of its backlog is pegged at a rate of $32,000 per day for next year, which is already higher than current rates.

Independence Contract Drilling, Inc.’s (NYSE:ICD) enterprise value to free cash flow ratio of 1.23 makes it the least expensive company in its peer group. By the end of the second quarter of this year, ten of 895 hedge funds surveyed by Insider Monkey had invested in the company.

Among them, Marc Lisker, Glenn Fuhrman and John Phelan’s MSDC management is the largest investor in Independence Contract Drilling, Inc. (NYSE: ICD). She owns 1.6 million shares worth $5.2 million.

7. VAALCO Energy, Inc. (NYSE:EGY)

Number of hedge fund holders: 10

VAALCO Energy, Inc. (NYSE:EGY) explores, develops and produces crude oil and natural gas. The Company’s facilities are located in the West African regions of Equatorial Guinea and Gabon. He is based in Houston, Texas, USA.

VAALCO Energy, Inc. (NYSE:EGY) has one of the strongest balance sheets in the industry, with current and covered ratios of 892 and 0.95. These two metrics measure a company’s ability to repay its obligations and both show that the company is on solid footing. The company’s price-to-earnings ratio of 3.49 also makes it one of the cheapest in its peer group.

VAALCO Energy, Inc.’s (NYSE:EGY) low P/E ratio comes despite the company’s stock having appreciated 63% year-to-date. To make it an attractive cheap oil stock, VAALCO Energy, Inc. (NYSE:EGY) also pays a dividend of 3 cents for a yield of 2.36%. Insider Monkey’s June 2022 quarter survey found that ten of 895 hedge funds held a stake in the company.

The largest investor in VAALCO Energy, Inc. (NYSE:EGY) is Jim Simons Renaissance Technologies who owns 1.4 million shares worth $9.8 million.

6. National Energy Services Reunited Corp. (NASDAQ:RENS)

Number of hedge fund holders: 14

National Energy Services Reunited Corp. (NASDAQ:NESR) is a petroleum services provider that enables companies to cement their wells, perform splits, operate drilling systems, and test the output of their wells. The company is headquartered in Houston, Texas, USA.

National Energy Services Reunited Corp. (NASDAQ:NESR) is expanding its portfolio and industry presence, as the company announced in July this year that it will acquire the minority stakes, with the option to convert at majority, in a charting company of oil fields. The company also expanded its manufacturing footprint in the United Arab Emirates earlier this year, in the form of a five-year, $169 million contract. The deal is part of the UAE’s efforts to produce 5 million barrels of oil per day by 2030.

The latest victory for National Energy Services Reunited Corp. (NASDAQ:NESR) in 2022, however, came in September 2022, when the company was awarded a long-term contract for directional drilling in Saudi Arabia. Insider Monkey’s Q2 2022 survey of 895 hedge funds found 14 had bought the company’s stock.

Among these, Todd J. Kantor’s Encompass Capital Advisors is the largest investor in National Energy Services Reunited Corp. (NASDAQ:NESR). She owns 3.5 million shares worth $24 million.

(NYSE:KOS), Transocean Ltd. (NYSE:RIG) and Equitrans Midstream Corporation (NYSE:ETRN) are met by National Energy Services Reunited Corp. (NASDAQ:NESR) in our list of cheap oil stocks priced under $10.

Click to continue reading and view 5 Cheap Oil Stocks Under $10.

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Disclosure: none. 10 Cheap Oil Stocks Under $10 is originally published on Insider Monkey.

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Tanzania’s rural electrification faces new hurdle of high equipment cost https://sharp-th.com/tanzanias-rural-electrification-faces-new-hurdle-of-high-equipment-cost/ Sat, 22 Oct 2022 14:57:48 +0000 https://sharp-th.com/tanzanias-rural-electrification-faces-new-hurdle-of-high-equipment-cost/ Dar es Salaam. The rural electrification project faces the challenge of meeting the December 2022 completion target and driving up the cost of equipment as Covid-19 caused delivery disruptions across the globe. The 1.2 trillion shillings project is being implemented in phases to reach every Tanzanian village by the end of this year. Rising equipment […]]]>

Dar es Salaam. The rural electrification project faces the challenge of meeting the December 2022 completion target and driving up the cost of equipment as Covid-19 caused delivery disruptions across the globe.

The 1.2 trillion shillings project is being implemented in phases to reach every Tanzanian village by the end of this year.

Rising equipment prices forced the government to review its contracts with contractors.

The impact of the Covid-19 pandemic has disrupted the supply of certain equipment and materials for the implementation of the project.

The Rural Electrification Agency (REA) said some countries that produce electrical equipment have curtailed production, halting delivery of equipment for nearly a year.

“This project was originally scheduled to be completed in December this year, but its implementation has faced various challenges, including delays in equipment due to the continued existence of conditions to control the spread of Covid-19 in countries where contractors place orders. equipment.

In addition, there has been a significant increase in the price of construction materials for the project, including aluminum, iron and copper cables and machinery,” Energy Minister January Makamba said during the presentation of the project. budget in June.

“However, the government is continuing its efforts to address these challenges to achieve the ambition of bringing electricity to every village, where it is currently revising implementation agreements to match the increase in equipment prices,” did he declare.

The rural electrification project is being carried out in three phases with the expectation that all villages will have access to electricity by the end of this year.

The government is in the third phase which has also been divided into two rounds. The first round of the third phase worth 1.157 trillion shillings started in 2018 until March this year.

Currently, the government is implementing the second round of the third phase which is expected to end in December this year, a deadline which faces challenges.

However, REA estimates that its energy supply targets for the country’s 12,345 villages will be met as planned.

The agency recognizes that the pandemic which has affected many sectors has also slightly shaken the implementation of its projects which were to be completed by the end of this year.

“The projects are being carried out as per the contract and we have told the contractors that by the end of this year all the projects are expected to be completed and therefore the plans are intact,” said REA Director General Mr. Hassan Saidy, while answering questions from editors and reporters recently.

Tanzania has a total of 12,345 villages but so far REA has only connected 8,804 villages, he said, with contractors continuing to connect the remaining villages.

When the agency started in 2007, energy availability in the villages was less than 2%, but according to the director of policy, planning and research, Mr. Elineema Mkumbo, the measures taken have enabled supply most villages with electricity.

“We are currently implementing a project that will bring power infrastructure to all villages and then it will be followed by a strategy to ensure that all neighborhoods get electricity,” Mkumbo explained.

On the other hand, the agency’s Director of Marketing and Technology Development, Mrs. Advera Mwijage, said that the institution is in the process of implementing a project to supply cooking gas to 1,000 households in the regions. from Mtwara, Lindi and Pwani served by a gas pipeline.

Ms Mwijage further said that in implementing the project, the agency was working with the Tanzania Petroleum Development Corporation (TPDC), a national oil company, to ensure that there is clean energy for cooking. , especially for people in rural areas.

Recently, the expansion of rural electrification received a boost after the World Bank (WB) approved additional financing of $335 million to support Tanzania’s efforts to scale up the extension and densification of the network.

The World Bank, which has described Tanzania as “one of the fastest rates of electricity access expansion in sub-Saharan Africa”, said the funding will facilitate an additional 1,000,000 grid connections from the last mile, including 8,500 educational institutions and 2,500 health institutions, as well as provide renewable energy. cooking options and solutions specific to rural households.

In 2016, the World Bank approved initial financing of $209 million which aimed to support the expansion of rural access to electricity, the increase in the supply of renewable electricity in rural areas and the strengthening capacity of sector institutions to deliver.

According to the World Bank, Tanzania has made remarkable progress in increasing access to electricity from 7% in 2011 to 38% in 2020. However, according to the Bretton Woods institution, a significant gap remains between electricity rates. access to electricity in urban areas (73.2%) and rural rates. (24.5%) and between national network coverage (78.4%) and the overall connectivity rate (38%).

Africa’s energy demand is expected to almost double by 2040 as the population grows, which also affects the improvement in people’s living standards. According to analysis by Data.one.org, in 2040, at least 90% people without electricity will live in Africa.

It is estimated that 605 million Africans (44%) do not have access to electricity. For those who do, access is often unreliable and inadequate. In a year, the average Nigerian uses less energy than an air conditioner in the United States.

According to current projections, more than 65% of the population of sub-Saharan Africa will still depend on wood for cooking fuel by 2050.

Mr Makamba said after a recent round of projects in the hinterland that some projects have stalled while others have been delayed despite being covered by the previous rounds of REA projects since 2016, 2017 and 2018.

He said that in some areas this was due to special circumstances, while in others projects were diverted to areas not covered by the contracts.

“But the other side is the fact that some contractors have been hit by the sharp spike in prices for equipment used in power distribution, especially copper and aluminum, with prices soaring by 140%,” he said. said Mr. Makamba.

He added: “Unfortunately the contracts we had were fixed price contracts. This means that the government will not be responsible for any impact caused by this price change.

“In some places, contractors openly asked us to take over the projects and they were ready to repay the advance we paid. So because these projects need to be implemented, we as a government have had to review the costs against the reality on the ground. Finally, we had to inject more money and review the contracts taking into account the new costs. Some contractors have taken over the work.

This story was produced in partnership with data.one.org, which provides real-time data and analysis on economic, political and social changes affecting Africa.

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BESI sees revenue fall in fourth quarter, warns US export restrictions add uncertainty https://sharp-th.com/besi-sees-revenue-fall-in-fourth-quarter-warns-us-export-restrictions-add-uncertainty/ Thu, 20 Oct 2022 06:17:40 +0000 https://sharp-th.com/besi-sees-revenue-fall-in-fourth-quarter-warns-us-export-restrictions-add-uncertainty/ By Dagmarah Mackos (Reuters) – BE Semiconductor (BESI) forecast a decline in quarterly revenue on Thursday as the chip-making equipment supplier warned that restrictions on U.S. exports to China were adding more uncertainty to the outlook for the industry. The Dutch firm is the latest semiconductor company to issue optimistic advice amid growing concerns over […]]]>

By Dagmarah Mackos

(Reuters) – BE Semiconductor (BESI) forecast a decline in quarterly revenue on Thursday as the chip-making equipment supplier warned that restrictions on U.S. exports to China were adding more uncertainty to the outlook for the industry.

The Dutch firm is the latest semiconductor company to issue optimistic advice amid growing concerns over weakening consumer demand for electronics.

BESI said it was assessing whether its products would be subject to sweeping new U.S. restrictions on exporting semiconductors to China announced earlier this month.

The semiconductor assembly and packaging equipment maker said it expects revenue to fall 15% to 25% in the fourth quarter, from 168.8 million euros in the third quarter ($165 million).

The forecast came as the company announced that third-quarter orders fell 18.2% to 125.3 million euros from the previous quarter, demand for high-performance computing and sub-computer applications. Asian contractors having weakened.

These were also lower than in 2021 due to the general market decline, especially in computer applications, he said.

The group announced a turnover of 168.8 million euros, down 21.1% compared to the previous quarter, at the top of the 20-30% range expected in July.

($1 = 1.0221 euros)

(Reporting by Dagmarah Mackos; Editing by Josephine Mason and Uttaresh.V)

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US export controls on Chinese semiconductors force suppliers to cut ties https://sharp-th.com/us-export-controls-on-chinese-semiconductors-force-suppliers-to-cut-ties/ Mon, 17 Oct 2022 18:15:20 +0000 https://sharp-th.com/us-export-controls-on-chinese-semiconductors-force-suppliers-to-cut-ties/ Comment this story Comment Western suppliers have begun cutting ties with some Chinese chipmakers in response to new US export controls, in another sign of the partial tech divorce the Biden administration has mandated to thwart China’s military development. A major chip-making equipment supplier, ASML, has told US employees to stop installing or servicing equipment […]]]>

Comment

Western suppliers have begun cutting ties with some Chinese chipmakers in response to new US export controls, in another sign of the partial tech divorce the Biden administration has mandated to thwart China’s military development.

A major chip-making equipment supplier, ASML, has told US employees to stop installing or servicing equipment at any Chinese chip factory while it sorts out the new rules. Another equipment supplier, Applied Materials, said export restrictions would prevent it from achieving sales of about $400 million in the fourth quarter.

It’s common for Western companies to largely suspend exports in the immediate wake of new US restrictions, then resume later once they’ve figured out the rules, the lawyers say. But national security experts say the new restrictions are among the toughest the United States has yet adopted to cut off China.

“I view these export controls as extremely substantial. It goes directly to the heart of Beijing’s efforts to create a world-class domestic semiconductor industry,” said Martijn Rasser, senior fellow at the Center for a New American In particular, a new rule barring “American people” from supporting certain Chinese chipmakers “will not just freeze China’s capabilities in place, it will actually lead to degradation over time,” Security said. Shave.

US imposes strict rules to limit China’s access to high-tech chips

The export controls, announced Oct. 7, aim to slow China’s ability to produce its own high-end semiconductors, which often have dual uses in commercial and military technology. For now, China still lags behind Taiwan, South Korea and the United States in making the most high-tech chips.

The controls essentially prohibit exports to China of American-made manufacturing equipment needed to produce advanced chips. They also prohibit the export of any American tools or components to Chinese factories capable of manufacturing high-end semiconductors.

In a new step that appears to have prompted some companies to largely suspend trade with China, the rules also prohibit “American persons” – including American factories and Americans and American green card holders who work in foreign factories. overseas – to provide support without a license from the US government for the development or production of such chips for China.

ASML, a Dutch manufacturer of high-end semiconductor manufacturing tools that has offices in the United States and numerous American employees, immediately instructed its American staff to freeze interactions with Chinese customers.

“ASML US employees should refrain – directly or indirectly – from servicing, shipping or providing support to any customer in China until further notice, while ASML is actively evaluating which particular factories are affected by this restriction,” the company told employees in an internal. letter last week, an ASML spokesperson confirmed.

The company said the freeze applies to US citizens, green card holders and foreign nationals who live in the United States.

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