Month: December 2022

China is spending $143 billion to combat U.S. moves to cut off its supply of semiconductor technology.  The funds will be used to provide financial subsidies and incentives to help China's chipmakers develop and acquire semiconductor technology to withstand the U.S. move.  This is one of three measures, analysts say, taken by Beijing to protect semiconductor companies supporting its vast electronics, automotive and military hardware industries.   “China views semiconductors as a strategic resource. Therefore, it wants to become self-sufficient in all aspects of advanced chip design and manufacturing,” said Lourdes S. Casanova, director of the Emerging Markets Institute at Cornell University. “These funds are meant to build China’s capabilities towards this goal." Washington issued an order in October barring U.S. companies from supplying semiconductor chips, chipmaking devices, and updates for past…

VOA chief national correspondent Steve Herman was among several journalists to be suspended from Twitter late Thursday. Followers of the former White House bureau chief’s Twitter account were greeted with a blank screen and message saying, “Account suspended.” Accounts for journalists from CNN, The New York Times and The Washington Post, as well as some independent journalists, showed similar messages. It was not immediately clear why those accounts were suspended. VOA's email requesting comment from the media contact listed on Twitter's company website was returned with a "delivery failure" message. Many of the reporters have written articles or posted about changes made to Twitter by its new owner, Elon Musk. In replies to tweets late Thursday, Musk said on the platform: "Criticizing me all day long is totally fine, but…

A hacker who reportedly posed as the chief executive of a financial institution claims to have obtained access to the more than 80,000-member database of InfraGard, an FBI-run outreach program that shares sensitive information on national security and cybersecurity threats with public officials and private sector individuals who run U.S. critical infrastructure. The hacker posted samples purportedly from the database to an online forum popular with cybercriminals last weekend and said the asking price for the entire database was $50,000.  The hacker made the disclosures to independent cybersecurity journalist Brian Krebs, who broke the story. The hacker called the vetting process surprisingly lax.  The FBI did not immediately respond to a request for comment from The Associated Press. Krebs reported that the agency told him it was aware of a…

Two Ethiopians have filed a lawsuit against Facebook's parent company, Meta, over hate speech they say was allowed and even promoted on the social media platform amid heated rhetoric over their country's deadly Tigray conflict. Former Amnesty International human rights researcher Fisseha Tekle is one petitioner in the case filed Wednesday and the other is the son of university professor Meareg Amare, who was killed weeks after posts on Facebook inciting violence against him. The case was filed in neighboring Kenya, home to the platform's content moderation operations related to Ethiopia. The lawsuit alleges that Meta hasn't hired enough content moderators there, that it uses an algorithm that prioritizes hateful content and that it acts more slowly to crises in Africa than elsewhere in the world. The lawsuit, also backed…

Law enforcement officials and financial services regulators have filed a raft of criminal and civil charges against Sam Bankman-Fried, the founder of the bankrupt cryptocurrency exchange company FTX, alleging wide-ranging fraud that eventually brought down the company, which was valued at $32 billion earlier this year. The Department of Justice on Tuesday morning unsealed an indictment charging Bankman-Fried with eight criminal counts, including conspiracy to commit wire fraud, actual wire fraud, money laundering, and violation of laws governing donations to politicians and political parties. At the request of U.S. prosecutors, Bankman-Fried, 30, was arrested on Monday evening at his home in the Bahamas, where the headquarters of FTX is located. The U.S. and the Bahamas have an extradition treaty, and Bankman-Fried is expected to be transferred to U.S. custody in…

NASA's Orion capsule made a blisteringly fast return from the moon Sunday, parachuting into the Pacific off Mexico to conclude a test flight that should clear the way for astronauts on the next lunar flyby. The incoming capsule hit the atmosphere at Mach 32, or 32 times the speed of sound, and endured reentry temperatures of 5,000 degrees Fahrenheit (2,760 degrees Celsius) before splashing down west of Baja California near Guadalupe Island. A Navy ship quickly moved in to recover the spacecraft and its silent occupants — three test dummies rigged with vibration sensors and radiation monitors. NASA needed a successful splashdown to stay on track for the next Orion flight around the moon, currently targeted for 2024. Four astronauts will make the trip. That will be followed by a…