Billions
China injects tens of billions of dollars in chipmaking tools, but it’s easily more than a decade behind the market leaders — Here’s why
China’s attempt to build a self-sufficient semiconductor industry has been instrumental in creating numerous companies, such as Huawei’s HiSilicon, SMIC, and YMTC, that develop and manufacture world-class chips. However, while there are China-based firms that produce chipmaking tools, they cannot replace equipment made by American or European companies for advanced process technologies. Some, like Goldman…
LockBit Developer Rostislav Panev Charged for Billions in Global Ransomware Damages
A dual Russian and Israeli national has been charged in the United States for allegedly being the developer of the now-defunct LockBit ransomware-as-a-service (RaaS) operation since its inception in or around 2019 through at least February 2024. Rostislav Panev, 51, was arrested in Israel earlier this August and is currently awaiting extradition, the U.S. Department…