SK Hynix, a leading global manufacturer of memory chips, has announced its intention to invest over $6.9 billion in the construction of a new semiconductor fabrication facility in South Korea's burgeoning chip manufacturing hub. The planned fab will be situated in the Yongin semiconductor cluster, strategically located south of the capital city of Seoul. Construction is set to commence in March 2025, with the ambitious project slated for completion by the end of 2027.
This significant investment underscores SK Hynix's commitment to expanding its production capacity and solidifying its position in the competitive semiconductor industry. In fact, the company has earmarked a substantial budget of more than 120 trillion won for the establishment of four fabs in the Yongin cluster this year alone.
As a key player in the global memory chip market, SK Hynix is renowned for its innovation and expertise in supplying cutting-edge memory solutions for a wide range of electronic devices, from laptops to servers. Notably, the company has achieved notable success in providing high-bandwidth memory, particularly to industry giants like Nvidia. With a sharp focus on advancing memory technology, SK Hynix is dedicated to upholding South Korea's prominent role in the memory sector, which is pivotal for driving advancements in artificial intelligence applications.
A hydrothermal explosion took place in Yellowstone National Park on Tuesday, causing a geyser in Biscuit Basin to erupt unexpectedly around 10 a.m. This incident occurred just a few miles north of the renowned Old Faithful Geyser. Similar explosions have been recorded in Biscuit Basin in 2009, 1991, and following a magnitude 7.2 earthquake in Hebgen Lake, located 40 miles (64 kilometers) away, in 1959.
We took this video from Eyewitness News ABC7NY YouTube Channel.
In response to the eruption, the affected area has been temporarily closed to visitors. Fortunately, there have been no reported injuries resulting from the event. Park officials have issued a warning advising visitors to remain on designated boardwalks and trails in thermal areas. These areas may have fragile crusts covering extremely hot and potentially acidic water in pools and springs, making it crucial for visitors to exercise caution.
Nicolás Maduro has been declared the winner of Venezuela’s presidential election by the government-controlled electoral authority.The opposition has raised concerns about the legitimacy of the results, citing allegations of rigged elections similar to those raised following the 2018 elections. Pre-election polls had predicted a landslide victory for opposition candidate Gonzalez, contrasting with the official outcome. Opposition leader Maria Corina Machado, who was barred from participating in the election, criticized the lack of independent observers at polling stations.
We took this video from BBC News YouTube Channel.
Several world leaders have refused to recognize Maduro's victory, with Chilean President Gabriel Borich and governments of Peru and Costa Rica labeling the elections as fraudulent. The American and British governments have joined in, calling for an independent audit of the vote count to ensure transparency in the electoral process. The situation in Venezuela continues to be under scrutiny, with ongoing debates about the fairness and accuracy of the election results.
Severe flooding in northwestern North Korea has resulted in the rescue of over 5,000 individuals as heavy rains led to a river on the Chinese border bursting its banks. The cities of Sinuiju and Uiju were particularly impacted, with more than 4,000 residents being rescued with the assistance of ten military helicopters and naval vessels that were deployed for evacuation and aid efforts.
We took this video from Associated Press YouTube Channel.
During a visit to the flooded areas, Kim Jong Un, the leader of North Korea, criticized officials for their handling of the situation and provided instructions on preventing future damage from flooding incidents. As of now, officials have not released official figures regarding the number of fatalities or the extent of damage caused by the recent flooding. Summer floods in North Korea are an annual concern, resulting in significant damage to farmland due to inadequate drainage systems, deforestation, and outdated infrastructure.
An aircraft belonging to Saurya Airlines of Nepal tragically crashed and caught fire during takeoff from Kathmandu, the capital city. The flight was carrying two crew members and 17 technicians en route to Nepal's Pokhara airport for routine maintenance. Regrettably, all 18 individuals onboard, including a Yemeni engineer, lost their lives in the accident, leaving only the captain as a survivor.
We took this video from Global News YouTube Channel.
According to officials from the Civil Aviation Authority of Nepal, the 50-seater aircraft deviated from its intended path shortly after departure, resulting in the crash on the eastern side of the runway. In response, Prime Minister KP Sharma Oli has initiated a specialized team to conduct a thorough investigation into the incident. The aviation safety standards of Nepal have received criticism, particularly for flights operating to remote airstrips situated in close proximity to mountains. The challenging terrain surrounding Kathmandu's main airport creates difficulties in takeoff and landing procedures due to fluctuating wind patterns caused by the surrounding peaks.
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