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Chipmaker routine swallows TSMC, Samsung with $240 billion wiped out

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(Bloomberg) — Chip-related stocks tumbled in Japan, South Korea and Taiwan as a move by the Biden administration to limit China’s access to US semiconductor technology led to sell-offs that wiped out more than $240 billion of the sector’s market value globally.

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Taiwan Semiconductor Manufacturing Co. fell more than 7%, the most since May 2021, while Samsung Electronics Co. fell by the most in a year. Tokyo Electron Co., Ltd. lost 5.8%. Markets in South Korea, Japan and Taiwan were closed Monday for the holidays, when the Philadelphia Semiconductor Index fell to its lowest closing level since late 2020 after a two-day loss of more than 9%.

The South Korean won fell 1.6% against the dollar while the Taiwanese dollar fell 0.7%. Stock indices in the two countries were the worst performers in Asia on Tuesday. The US announced the export restrictions on Friday, and there have been suggestions that similar measures may be rolled out to other countries to ensure international cooperation.

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The latest restrictions are likely to feed a direct impact across the sector’s supply chain and add to a growing list of challenges for tech stocks including a hawkish Federal Reserve and tensions across the Taiwan Strait. The current downturn has already wiped out more than $240 billion of chip stocks worldwide since Thursday’s close, according to data compiled by Bloomberg.

“The latest US move will prompt China to move faster in boosting the domestic chip industry,” said Omdia analyst Akira Minamekawa. Japanese companies should continue to trade with Chinese companies in unrestricted goods because business is business. But they should be prepared for the future – perhaps in a decade or two – when they lose all Chinese customers as a result of the current tension revving up Chinese efforts.”

The ban is expected to have far-reaching effects. For companies with factories in China – including non-US companies – the rules will create additional obstacles and require government approval. SK Hynix in South Korea is one of the world’s largest manufacturers of memory chips with facilities in China – part of a supply network that sends components around the world. Its shares fell 3.5 percent on Tuesday before paring losses.

Chinese state media and officials have responded to Biden’s move in recent days, warning of economic consequences and fueling speculation about a possible retaliation.

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Chae Minseok, an analyst at Korea Investment & Securities, wrote in a report. “It is impossible to sustain the chip industry without the use of sophisticated equipment.”

The measures are aimed at halting China’s efforts to develop its own chip industry and boost its military capabilities. They include restrictions on the export of some types of chips used in artificial intelligence and supercomputing and tighter rules on the sale of semiconductor manufacturing equipment to any Chinese company.

The United States is seeking to ensure that Chinese companies do not transfer technology to the country’s military and that China’s chip makers do not develop the ability to make advanced semiconductors themselves.

David Wong, an analyst at Nomura Holdings, wrote in a note Monday that the restrictions represent a “major setback for China” and “bad news” for global semiconductors. He also wrote that China’s resettlement efforts may be “in jeopardy because it may not be able to use the advanced foundries in Taiwan and Korea”.

(updates throughout)

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Warning: CS is at high risk of cutting its profits

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How to get a hero out of the tension of a World Cup penalty shootout

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How do you take a penalty kick and how do you save it? With the knockout stages of the World Cup kicking off on Saturday, these questions could determine who wins the trophy. In the 2018 tournament, four knockout round matches were drawn after 120 minutes and won on penalties. This time around, some teams have prepared better than ever. Others have not.

The first thing you should know is how your opponents shoot. In general, each player must answer one question: do you wait for the guard to move? Croatian Luka Modric Do. He runs slowly, raises his head, and the guard watches for the slightest sign—even a raised heel—which direction to move. In that Capricorn, Modryc He hits the ball the other way. He converted 21 of his 24 penalties, or 88 percent, according to Market transfer. The conversion rate at the soccer level has dropped over the past decade from 82 percent to around 75 percent, possibly because data analysis helps teams decipher crossed balls.

Guard confronts Modric – or Poland’s Robert Lewandowski – will want to stay still for as long as possible. It worked for Uruguay’s Sergio Rochet against Ghana on Friday: Unfazed by Andre Ayew’s slower style, he chose the right corner, helping Uruguay qualify for the knockouts at the Ghanaians’ expense.

Harry Kane, England’s chief penalty taker, requires a different approach, as he does not mark the goalkeeper. His former club coach Jose Mourinho once said: “Harry decides . . . a few days before the game how he’s going to take it and then he spends three or four days before the game practicing that shot and I love that.” Kane changes the direction of penalties well, so the goalkeeper must choose a side more or less randomly, and immediately dive. Good luck: Ken’s conversion rate is 85 percent.

Lesser bowlers sometimes oscillate between Kane and Modry’s strategyc‘s. One such example is France’s Antoine Griezmann, who missed five of the last seven penalties.

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Italy goalkeeper Gianluigi Donnarumma saves a penalty kick taken by England’s Bukayo Saka in the Euro 2020 final at Wembley © Paul Elellis / AFP / Getty Images

Argentina’s Lionel Messi also has a flaw in his approach that will become apparent to analysts who study sequence rather than simply counting the number of penalties taken into any corner: he rarely repeats his last kick. Last week, Messi scored to the right of the Saudi goalkeeper, then hit a powerful ball to the left of Poland’s Wojciech Chesney, who saved it. According to Transfermarkt, the best footballer in the world has an average career fine conversion rate of 77 per cent. Portuguese rival Cristiano “Binaldo” Ronaldo leads by six percentage points.

But these are specialists, and in the penalty shootout, the team must select five players. Players who normally wouldn’t take penalties suddenly find themselves making the long, lonely walk to take the kick of a lifetime. Under intense pressure, few would dare to coldly wait for the goalkeeper’s move. Instead, inexperienced kickers tend to take the simplest penalty: pushing to the “normal side”, which for a right-footed kicker means the right of the goalkeeper. The historic conversion rate in a World Cup penalty shootout is just 70.3 percent, according to estimates Opta data provider.

The Dutch nominated one of their three guards as the “hit killer”, but did not reveal his identity. If it wasn’t for the starting player Andres Noppert, then coach Louis van Gaal might bring in the specialist before a penalty shootout, as he did with Tim Krul in the 2014 World Cup against Costa Rica. Kroll stood tall above every opponent’s kicking, trash-talking, and the Dutch won.

It was the case of a goalkeeper’s aura that intimidated opponents. One of the beneficiaries of that in Qatar may be Swiss Jan Sommer, who has graduated from regular penalty taker to penalty taker: since September 2019, he has saved five out of the 11 he has faced in all competitions.

England have suffered more penalties than any other country except Spain. When Gareth Southgate became their manager in 2016, they lost five hits in a row. Southgate, who himself missed the decisive penalty for England in the Euro 1996 semi-final against Germany, attempted to recreate the full atmosphere of a penalty shootout in training sessions. As Paul Hayward writes in his book, his men also learned a key statistic England Football: The Biography. “Players who run slowly score 80 percent of the time, while those who run more quickly score only 60 percent.”

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Southgate has removed some of the responsibility from his players by choosing England kickers himself. This removes the sight of an exhausted coach begging, stressing the players to go, as Spain coach Fernando Hierro did against Russia in 2018. Striker Diego Costa was caught on television cameras warning of Cook’s selection. “Coca-Cola is good,” Hierro insisted. After the midfielder missed and Russia won, Costa said, “I told you.”

And the managerial choice to stop incompetent penalty takers, such as England’s Raheem Sterling, from volunteering backfires. Southgate’s side beat Colombia on penalties in the last World Cup. But homework can’t guarantee success: England lost the Euro 2020 final on penalties, perhaps upset by the size and brilliance of Italy’s 6ft 5in goalkeeper Gianluigi Donnarumma.

Luck is important in a penalty shootout. But to paraphrase golfer Arnold Palmer, the more prepared teams are, the luckier they are at getting it.


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How to watch FIFA World Cup Round of 16 matches in Qatar broadcast live online for free without cable: Fox, FS1, Telemundo

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The United States pulled off a thrilling victory over Iran on Tuesday, but that was just the beginning of the long road to the FIFA Championship. The last 16, also known as the knockout round, kicks off on Saturday. One loss will send packing teams off.

There are no links. There is no second chance. The competition is much tougher than the group stage.

Sports stars are still in contention. Portugal, led by Cristiano Ronaldo, went through the knockout round, as did Argentina, led by Lionel Messi.

The stakes — and the drama — are high. And while most fans will be heading home (or at a favorite watering hole) over the weekend, don’t be surprised if some escape in the early part of next week. If you’re hoping to catch the action, here’s what you need to know.

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When will the United States face the Netherlands in the 2022 World Cup?

The United States and the Netherlands will start the Round of 16 on the morning of Saturday, December 3 at 10:00 AM ET. The games will run through December 6.

Where can I watch the USA-Netherlands match in the 2022 World Cup?

Fox This showdown will be carried on the main channel over the air to ensure the widest audience. The game will also be broadcast on Peacock.

Who would prefer to win the USA-Netherlands match in the 2022 World Cup?

It does not look good for the United States. The Netherlands are heavily favored to win, with a probability of 49%. The probability of winning the USA is only 23%. (It’s basically the opposite of the odds from the US/Iran game.)

The chance of a tie is 28%.

What is the schedule for the round of sixteen matches in the 2022 World Cup?

Saturday 3rd December

Netherlands versus the United States10:00 a.m. ET on Fox and Peacock

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Argentina vs Australia2:00 p.m. on FS1 and Peacock

Sunday, December 4th

France versus Poland10:00 a.m. ET on FS1 and Peacock

England and Senegal2:00 p.m. on FS1 and Peacock

Monday, December 5th

Japan vs Croatia10:00 a.m. ET on FS1 and Peacock

Brazil vs South Korea2:00 p.m. ET on FS1 and Peacock

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Tuesday, December 6th

Morocco vs Spain10:00 a.m. ET on FS1 and Peacock

Portugal vs Switzerland2:00 p.m. ET on FS1 and Peacock

Can I watch the 2022 World Cup if I don’t have a cable subscription?

on Saturday? yes. Fox will carry the World Cup, as will Telemundo, both of which can be picked up via an over-the-air antenna in most cities, meaning you’ll be able to watch even if you don’t have a cable subscription.

To ensure that you are getting the most reliable signal, be sure to test the antenna in multiple locations in your home. Note, however, that you won’t be able to watch games on FS1, which will carry a number of games for English fans.

How can I stream the 2022 World Cup if I don’t have a cable subscription?

There are several options:

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peacock

broadcast service on NBC It is the home of live World Cup broadcasts, featuring all 64 matches broadcast by Spain. There will also be an on-demand broadcast of completed matches. (Note that there’s no English-language streaming alternative announced yet. You can get a free seven-day trial, followed by $5 or $10 per month. (The Peacock free version doesn’t include live sports.)

Hulu With live TV

Free trial on this service It is also no longer shown. It will cost you $70 per month.

The YouTube

After up to Two-week trialYou can expect a monthly fee of $65.

sling tv

Dish Network’s Sling’s lowest-tier “Orange” plan will set you back $35 per month. Adding the more comprehensive Blue plan brings the cost to $50 per month. You’ll first get a free seven-day trial — and for now, the cord-cutting service cuts your first month’s bill in half.

DirecTV Stream

Formerly known as DirecTV Now, AT&T TVNow, and AT&T TV, this A frequently renamed streaming service You will get $70 per month and up after the free trial option.

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Fubo TV

This sport that focuses on cutting the rope Services Carries broadcast networks in most markets. There is a seven-day free trial, followed by a monthly fee of between $70 and $100, depending on the channels you choose.

How does the knockout phase of the World Cup work?

From now on, win or go home. Each match is single elimination and there are no ties.

If the game is still tied after 90 minutes, it goes into 30 minutes of extra time. If things still don’t settle down after 120 minutes of total play, it will be settled in a penalty shootout. Each side takes turns shooting the ball from the penalty spot as the goalkeeper attempts to stop the shot. The team that scores the most goals out of five attempts wins.

If things continue even after those five kicks, the penalty shoot-out continues until “one team scores more goals than the other from the same number of kicks,” according to FIFA.

The new Impact Report weekly newsletter will examine how ESG news and trends are shaping the roles and responsibilities of today’s CEOs – and how they can better overcome these challenges. Subscribe here.

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