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Friday, 14 October 2022

Chipmaker rout engulfs TSMC, Samsung with US$240 bil wiped out after US imposed curbs on China's access to semiconductor technology

 

 


TOKYO (Oct 11): Chip-related stocks in Japan, South Korea, and Taiwan slumped, contributing to a wipeout of more than US$240 billion (RM1.12 trillion) from the sector's global market value after the Biden administration imposed curbs on China's access to semiconductor technology.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, plunged a record 8.3% on Tuesday. Samsung Electronics Co and Tokyo Electron Ltd also tumbled on concerns over US efforts to ensure international cooperation will crimp their ability to export to China.

The sell-off spread to currency markets. South Korea's won slumped more than 1.6% versus the greenback while the Taiwan dollar dropped 0.7% amid losses in their stock markets.

"We believe short-term uncertainties over foundry demand will increase, as China is the world's second-largest cloud computing market," Phelix Lee, an equity analyst at Morningstar Inc, wrote in a note. "The new shock may further dampen sentiment in a sector that is already ravaged by weak consumer electronics demand."

The curbs are expected to have far-reaching implications. For companies with plants in China — including non-US ones — the rules will create additional hurdles and require government sign-off. The move is also set to fuel a knock-on impact across the sector's supply chain and add to a growing list of challenges for technology shares including a hawkish Federal Reserve and tensions across the Taiwan Strait.

The US announced the export curbs on Friday, and there have been suggestions that similar actions may be deployed in other countries to ensure international cooperation. The announcement spurred a two-day rout of over 9% in the Philadelphia Stock Exchange Semiconductor Index that saw it close on Monday at its lowest level since November 2020. Markets in Korea, Japan, and Taiwan were shut that day for holidays.

Samsung lost as much as 3.9%, the most in a year. South Korea's SK Hynix Inc, one of the world's largest makers of memory chips that has facilities in China — is part of a supply network that sends components around the world. Its shares slid 3.5% before paring losses.

The current rout has already wiped out more than US$240 billion from chip stocks worldwide since Thursday's close, according to data compiled by Bloomberg.

The curbs were a "big setback to China" and "bad news" for global semiconductors, Nomura Holdings Inc analyst David Wong wrote in a note on Monday. China's localisation efforts might also be "at risk as it may not be able to use advanced foundries in Taiwan and Korea", he wrote.

Shares of Chinese chipmakers extended their recent losses on Tuesday, with Morgan Stanley saying that the broader restrictions around supercomputers and multinational capital investment in China could be "disruptive".

Chinese state media and officials have responded to Biden's move in recent days, warning of economic consequences and stirring speculation about potential retaliation.

"The latest US move would prompt China to move faster in fostering the domestic chip industry," said Omdia analyst Akira Minamikawa. "Japanese firms should be ready for a future — maybe in a decade or two — when they lose all the Chinese customers as a result of the current tension dialing up speed of the Chinese efforts."

The measures seek to stop China's drive to develop its own chip industry and advance its military capabilities. They include restrictions on the export of some types of chips used in artificial intelligence and supercomputing and tighten rules on the sale of semiconductor manufacturing equipment to any Chinese company.

The US is seeking to ensure that Chinese companies do not transfer technology to the country's military and that chipmakers in China do not develop the capability to make advanced semiconductors themselves.

"With the latest measure, it would become difficult for China to manufacture and develop semiconductors because most semiconductor equipment are dominated by US and its allies, such as Japan and Netherlands," Chae Minsook, an analyst at Korea Investment & Securities, wrote in a report. "It is impossible to maintain the chip industry without adopting advanced equipments." - Bloomberg 

 

 Chinese industry body urges US to rectify mistake over chip ban, as global firms face chaos

 
Chinese industry body urges US to rectify mistake over chip ban, as global firms face chaos

From laying off workers to expecting hundreds of millions of dollars in losses, global chipmakers, including those in the US, are starting to bear the brunt of the chaos caused by what has been described as the “harshest” US ban on chip technology to China. 

 

 
 
At an event hosted by Washington's Center for Strategic and International Studies, the head of the economic affairs authority on the Taiwan island, Wang Mei-Hua, asserted that "if Taiwan remains 
 
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Go forth and multiply OH FATHER !

 

Nick Cannon, Elon Musk, Alec Baldwin and other celebrities who have fathered many children.

AMERICAN billionaire entrepreneur and Tesla chief executive Elon Musk, 51, made jaws drop several months ago when it was revealed that he secretly welcomed twins in November 2021, taking his kid count to nine.

The mother is Shivon Zilis, a 36-year-old Canadian project director at his Neuralink company.

The twins’ arrival came just weeks before Musk and his former partner, Canadian singer Grimes, welcomed a baby girl, Exa, via a surrogate in December 2021.

They also share a two-year-old son, X.

Musk already has five children with his first wife Justine Wilson, including Griffin, 18, and 16-yearold triplets Kai, Damian and Sax.

Another of their children, 18, legally changed her name to disassociate herself from Musk earlier this year.

In 2002, their first child, a boy, died at 10 weeks of sudden infant death syndrome.

Musk has strong opinions on increasing the birth rate.

At Wall Street Journal’s annual CEO Council in December last year, he stated that there are “not enough people” in the world.

In what seemed to be a response to his latest baby news, he tweeted: “Doing my best to help the underpopulation crisis. A collapsing birth rate is the biggest danger civilisation faces by far.”

He added in a follow-up tweet: “I hope you have big families and congrats to those who already do.”

Musk is ranked by Forbes as the world’s richest person with an estimated net worth of US$237.1bil (RM1.1tril).

He recently announced plans to “significantly” increase childcare benefits at his companies.

He tweeted: “Kids are worth it if at all possible.” Here are several celebrities sowing their seeds with wild abandon. 

OH FATHER!

Here are several celebrities sowing their seeds with wild abandon.

Nick Cannon, 41 Kid count: 10

Also sharing Musk’s fatherhood goals is American actor Nick Cannon, who chimed in after Musk’s tweet, saying: “Right there with you, my brother.”

Cannon has had kids with six different women, only one of whom he married but eventually divorced.

And none of them was an accident, he has claimed.

Cannon shares twins Moroccan and Monroe with ex-wife Mariah Carey, twins Zion and Zillion with DJ Abby De La Rosa.

In July, he and model Bre Tiesi welcomed their first child, Legendary Love, together.

On Sept 14, he and model Lanisha Cole welcomed daughter Onyx Ice Cole.

Cannon shares son Golden and daughter Powerful Queen with model Brittany Bell. On Oct 30, they welcomed their third – Cannon’s 10th – child, Rise Messiah.

He also fathered a son, Zen, with model Alyssa Scott, but the child died in December 2021 at five months old after being diagnosed with brain cancer.

After the tragic loss, Cannon, who has said that he does not feel monogamy is healthy, announced he would be celibate for a while and reportedly went for a vasectomy consultation.

Obviously, that was short-lived. You really cannot keep a man like Cannon down. At least, not until he turns 45, the age when he feels he “should chill”.

On the Big Tigger Morning Show, he got candid about what it is like to co-parent with multiple women.

Asked if “all the baby mamas get along”, he replied: “They don’t have to, they all get along with me.”

When the radio host brought up that Cannon takes maternity photos with each of the mothers, Cannon said he believes “everyone deserves that”.

“I don’t keep secrets. They know how I move. I multitask,” he added.

As for whether he sees any additional kids in his future, he quipped: “Isn’t there always? I just want to be responsible as a father... The best I can possibly be, and lean into it.

“I love children, but I wasn’t setting out to be Father Abraham, I just embrace it.”

On Instagram, Cannon jokingly hyped up his profile piece in a recent issue of Men’s Health magazine by posting: “We discuss that there is nothing more healthy than a virile man. Go forth and multiply.”

In the article itself, he opened up about how he stays present in each of his kids’ lives and takes immense pride in it.

He said: “Contrary to popular belief, I’m probably engaged throughout my children’s day, more often than the average adult can be. If I’m not physically in the same city with my kids, I’m talking to them before they go to school via FaceTime.

“When I am (in the same city, I’m) driving my kids to school, making sure I pick them up.”

He added that he is present for their extracurricular activities. “I’m involved in everything - from coaching to having guitar lessons with my daughter every week.”

Alec Baldwin, 64 Kid count: Seven

The Baldwin bunch sure is getting bigger, with American actor Alec Baldwin and his yoga instructor wife Hilaria, 38, welcoming their seventh child, a girl, on Sept 24.

Ilaria Catalina Irena joins her siblings Carmen, nine, Rafael, seven, Leonardo, six, Romeo, four, Eduardo, two, and Maria, one (via surrogate).

Baldwin posted a clip of Maria on Instagram in April and captioned it: “People ask why. This is why. Being a parent is the ultimate journey.”

He also shares model-daughter Ireland Baldwin, 26, with his former wife, actress Kim Basinger.

The new baby comes at a stressful time for the sexagenarian, who has found himself embroiled in a wrongful death lawsuit.

In October last year, he accidentally misfired a prop gun on the set of western film Rust, killing cinematographer Halyna Hutchins.

At the time of the new pregnancy announcement in March, the couple told People magazine: “We have ‘somos un buen equipo’ engraved on our wedding bands.

“We say that to each other all the time at home – that we’re a good team.

“One of the most beautiful things our children have experienced with a big family is how the heart can grow with every new sibling.

“Our capacity to love continues to expand and we can’t wait to embrace our new little one this fall.”

Taylor Hanson, 39 Kid count: Seven

The American singer-musician and one-time teen heartthrob was the face of 1990s pop boy band Hanson, alongside his brothers Isaac, 41, and Zac, 36.

Today, the trio of young dads – who are the elder three of seven siblings – have 15 children between them.

Taylor has the most, having welcomed seven children – Ezra, 19, Penelope, 17, River, 15, Viggo, 13, Wilhelmina, nine, Indiana, three, and Maybellene, 18 months – with wife Natalie, 38.

But his notoriously prolific progeny will cease to increase.

He told ET Online: “We’ve all been incredibly blessed with amazing kids and families. I’ve always taken it one at a time, that led us to seven, so I’m just going to hold right now.”

For now, the group – best known for their catchy 1997 hit MMMBop – are celebrating 30 years together.

They released their latest album Red Green Blue in May, but have still managed to prioritise family life while on the road touring.

Taylor told People magazine: “The job of being a dad is to sacrifice everything you want for that kid.

“I may be in the middle of meeting some famous musician but, sorry, I’ve got to call my daughter and talk to her about her day.”

Eddie Murphy, 61 Kid count: 10

When it comes to quantity, the Hollywood star can tell everyone else to hold his beer.

Like Cannon, Murphy co-parents his whopping brood with five women.

He had two sons back to back with two then-girlfriends around the end of the 1980s – Eric, 33, with Paulette McNeely, and Christian, 31, with Tamara Hood.

Meanwhile, former wife Nicole Mitchell is the mother of five of his children: Bria, 32, Miles, 29, Shayne, 27, Zola, 22, and Bella, 20.

Murphy then fathered Angel, 15, with former Spice Girl and British singer Melanie Brown, and has a six-year-old girl Izzy and four-yearold son Max with his current fiancee, Australian model Paige Butcher, 43.

The comedian is used to getting split reactions when people learn he has 10 kids.

He quipped on The Ellen DeGeneres Show in 2019: “Men look at me like, ‘He’s crazy. How much did that cost?’

In an interview with British newspaper The Mirror in 2021, he said his kids always come before his career, calling them the “centre of everything”.

He added: “The idea of being out there and doing three movies a year, that’s over... I realised that if you put your children first, you never make a bad decision.

“I am so blessed with my kids, I don’t have one bad seed. I don’t have any like, ‘Oh, you are the one.’

“My kids are so great, normal people and nobody is like the Hollywood jerk kid.”

– The Straits Times/Asia News Network 

 

Why we’re so shocked, bothered, by Nick Cannon’s growing family

 


SURPRISE! Or maybe not – Nick Cannon has welcomed another child, Rise Messiah Cannon, to his rapidly growing family – his 10th child, and third with Brittany Bell.

— Nick cannon/Instagram cannon with six of his 10 children.

“Another Blessing!!!” he announced in a lengthy Instagram post, which expressed gratitude for “a family dynamic that to some is unimaginable.”

Cannon, an actor, musician and TV host, has been making headlines for having multiple babies with different women in a short period of time, which he has said is “no accident”.

Each pregnancy was planned and intentional, and his relationships with the mothers of his children are healthy and consensual, Cannon says. Yet his choice to father these children has been treated as comedic fodder while raising a plethora of concerns.

Untraditional families exist all around us every day. But when it comes to a celebrity like Cannon, we tend to judge them more harshly.

Everyone has something to say, including fans, critics and even fellow stars like Vivica A. Fox (“I don’t like it,” she said in August. “The foundation of Black families, especially a strong father figure is needed.”)

“The public loves to express their opinions, because it makes them feel like part of the story,” says Donna Rockwell, a clinical psychologist and CEO and founder of Already Famous.

“When we see behavior outside the norm in the lives of celebrities, we shake our heads, pass judgement... and write it off as ‘typical’ celebrity entitlement.”

But does this make our judgements justified?

Is there a problem with Nick Cannon’s take on fatherhood?

When asked about his emotional involvement as a father, Cannon has insisted “if I’m not physically in the same city with my kids, I’m talking to them before they go to school via FaceTime and stuff. And then when I am, I’m driving my kids to school, making sure I pick them up”.

A quick scroll through his Instagram page exemplifies the love and pride he holds for his kids, and many of the mothers have praised Cannon’s presence.

This fixation on his family is unsurprising to Rockwell.

Any time someone in the public eye behaves in a way that deviates from the norm, like having many children from different households, “we as the public hang onto every detail” and treat it as gossip.

But aside from it being unconventional, some experts worry this dynamic is detrimental.

If his 10 kids, ages 11 and younger, live in different households, many wonder how Cannon can possibly be there, physically and emotionally, for each child.

Barbara La Pointe, a relationship coach who primarily works with families dealing with divorce and separation, worries Cannon is “unconsciously creating a legacy of generational trauma”.

Though there is less research on Cannon’s approach to fatherhood, studies have shown that a child’s emotional well-being is influenced by a secure relationship with their parents, as well as by the quality of that relationship.

In addition, relationship strategist Zakiya Knighten worries for his children’s mothers who, despite going into these relationships willingly, may also be at risk for higher stress levels and mental health problems. In a now-deleted Instagram story, one of Cannon’s partners said she had been awake for three days taking care of their baby, raising questions on social media about Cannon’s whereabouts.

Are we being too judgmental of Nick Cannon?

Contrary to popular belief, Cannon is not the first celebrity to father multiple children with different women.

Actor Clint Eastwood is thought to have eight known children with six different women, his daughter told The Sunday Times.

Similarly, Elon Musk has joked about “(helping) the underpopulation crisis” with his 10 children, two with singer Grimes, two with Shivon Zilis, an executive at Musk’s Neuralink, and six with his first wife, Justine Wilson.

The difference, however, is that Cannon proudly embraces his lifestyle of nonconventional fatherhood and rejects traditional monogamy, even challenging those who are skeptical.

“That’s a Eurocentric concept when you think about the ideas of you’re supposed to have this one person for the rest of your life,” Cannon said in August.

“I understand the institution of marriage if we go back to what that was about . ... I don’t have ownership of any of the mothers. We create families in the sense of we created a beautiful entity.”

It’s tempting to speculate about a phenomenon that makes little sense to many.

But, as Rockwell reminds, the reality of celebrity culture is that we only catch a glimpse of their personal lives.

Without knowing the intimate details, we as outsiders will never truly know how worrisome – or how functional – Cannon’s family of 10 actually is - 

. By JENNA RYU 

Elon Musk Wants You to Go Forth and Multiply - InsideHook


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Low levels testosterone are not an inevitable part of ageing

 

Decreasing testosterone levels are not an inevitable part of ageing for men | The Star


Low levels of this hormone are not an inevitable part of ageing for men, but part of a syndrome that should be treated.

WHEN it comes to menopause, many people assume that only women will experience it.

But over the last few decades, there has been increasing recognition of a so-called “male menopause” or andropause, which generally refers to male androgen deficiency or testosterone deficiency syndrome.

Testosterone deficiency syndrome, also known as late onset hypogonadism, is a condition in which men do not produce enough testosterone, which is a major male hormone or androgen.

This results in psychological, emotional and sexual dysfunction, and may affect multiple organ systems, resulting in serious health consequences for the man.

In the past, it was thought that patients with testosterone deficiency syndrome were generally older men, but in fact, it can occur in men of different age groups, including young and middle-aged men.

Not limited by age

Testosterone plays a key role in male libido, muscle mass, and mental and physical strength.

Many middle-aged men might have various symptoms of testosterone deficiency, but they may not be aware of the cause or choose to blame it on other reasons, such as ageing.

Indeed, from another point of view, the term “andropause” is not the most accurate term for patients with testosterone deficiency, as decreased testosterone levels are not an inevitable consequence of ageing.

But it is worth noting that testosterone levels do generally decline with age, as older men tend to have lower blood testosterone levels.

Testosterone deficiency mostly occurs between the ages of 45 to 60, but according to the data, the proportion of older people will be higher.

For men aged 45 and over, nearly 40% are affected by testosterone deficiency syndrome.

As for men over 80 years old, up to half will have this syndrome.

You might ask, why are younger men affected by testosterone deficiency syndrome as well?

The younger trend of testosterone deficiency syndrome is usually related to diseases; the unhealthy lifestyle of young people, including poor diet, smoking, alcoholism and lack of exercise; and/or drug use, such as the abuse of painkillers.

Diseases that can affect testosterone levels include obesity, liver disease, kidney disease, diabetes, high blood pressure, high lipid (fat) levels, mental illness and AIDS (Acquired Immunodeficiency Syndrome).

Signs and symptoms

Symptoms of testosterone deficiency include:

> Decreased libido or sexual drive

> Difficulty getting and maintaining an erection

> Difficulty concentrating and making decisions

> Increased body fat and muscle loss

> Loss of bone density

> Depression

> Irritability

> Anxiety

> Restlessness

> Poor work performance

> Impaired memory

> Inability to concentrate

> Fatigue

> Lack of stamina and physical strength

> Insomnia or sleepiness

> Loss of appetite

> Constipation

> Skin atrophy, and

> Lower back pain.

As for physical signs, there will be a decrease in muscle mass throughout the body; an increase in subcutaneous fat, resulting in the patient appearing fatter, especially around the abdomen; hair that begins to turn white and become sparse; teeth and body hair that start to fall off; and the shrinking of testicles; as well as signs of breast enlargement in some patients.

In addition to physical and emotional changes, testosterone deficiency can lead to the onset or exacerbation of various diseases.

When a man has low testosterone levels, there is a greater risk of heart disease, cancer, high blood pressure, diabetes, high cholesterol levels, osteoporosis, anaemia and dementia.

Diagnosis and treatment

In many cases, the diagnosis of testosterone deficiency in a patient must first be based on clinical manifestations and symptoms.

Then it is necessary to check whether the testosterone level is low.

If the patient’s symptoms only improve during treatment, it confirms that the patient has developed testosterone deficiency syndrome and needs testosterone replacement treatment.

The goal of testosterone replacement therapy is to improve the patient’s symptoms and normalise his testosterone levels.

As of now, there are two medically-proven testosterone treatments available in Malaysia.

One involves a gel preparation, while the other is injected.

The gel preparation is applied on the skin of the upper arms, shoulders, inner thighs or abdomen.

The testosterone is then absorbed through the skin into the body.

The patient should not bathe or shower within an hour of using the gel formulation to ensure that the testosterone is fully absorbed by the body. It should be used daily so that the patient’s testosterone levels are stable, similar to the physiological blood levels produced by the testes.

The use of gel preparations should usually be the first choice for patients.

Meanwhile, the other type is given by intramuscular injections every few weeks or months.

Depending on the frequency of injections, symptoms may fluctuate between each dose.

The gel formulation has fewer side effects and has been approved by the US Food and Drug Administration (FDA).

However, certain testosterone injections may cause side effects such as pulmonary microembolisms – these have not been approved by the US FDA so far.

Benefits and cautions

Testosterone replacement therapy serves to help improve body composition by building muscle and reducing fat mass, including total body and visceral fat.

It can also help improve insulin sensitivity, thereby addressing metabolic syndrome and reducing the risk of type 2 diabetes.

In addition, it can improve the patient’s sexual function; mood, including symptoms of depression; and energy and quality of life.

In terms of disease, testosterone supplementation can improve anaemia, and reduce death from all causes, including heart disease.

Testosterone supplementation is not suitable for patients with prostate cancer, sleep apnoea or polycythaemia (where haematocrit or haemoglobin is increased in the blood).

Therefore, patients must have their prostate-specific antigen (PSA) levels checked prior to beginning testosterone replacement therapy.

According to some early research, the use of testosterone supplements appeared to promote prostate cancer; however, there is no evidence of this in the latest research.

Nevertheless, patients are advised to have their PSA levels checked regularly after they start taking testosterone.

During the course of treatment, the doctor will also regularly check the patient’s haemoglobin and haematocrit levels.

These blood tests will help to see whether the patient’s blood has thickened, as haemoglobin and blood cells are more prone to abnormal rises in level with certain types of injectable testosterone.

In general, changes due to the treatment will occur within three to six months after treatment has commenced.

Patients need to be aware that testosterone supplementation therapy is a lifelong treatment, and testosterone supplementation can lead to a decrease in the amount of testosterone naturally produced by the body.

Don’t ignore symptoms

It is important to reiterate that testosterone deficiency is not an inevitable phenomenon of ageing.

In short, when a man, especially an elderly man, experiences testosterone deficiency symptoms, different health problems may occur as a result.

Therefore, its existence must not be ignored.

It is recommended to seek professional advice from a doctor as soon as possible if you have symptoms of testosterone deficiency.

Get the right treatment to improve your health and quality of life.

Dr Tay Hui Sian is a consultant geriatrician. For more information, email starhealth@thestar.com.my. The information provided is for educational and communication purposes only, and should not be considered as medical advice. The Star does not give any warranty on accuracy, completeness, functionality, usefulness or other assurances as to the content appearing in this article. The Star disclaims all responsibility for any losses, damage to property or personal injury suffered directly or indirectly from reliance on such information. 

 

 

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