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Domestic News: 1. my countrys annual electricity consumption exceeded 10 trillion kilowatt-hours for the first time, a figure unprecedented among any single country globally. 2. Two departments announced that the minimum down payment ratio for commercial property purchase loans will be adjusted to no less than 30%. 3. The "Draft Law of the Peoples Republic of China on National Reserve Security" is open for public comment. 4. The Ministry of Industry and Information Technology released management measures, including technology-based SMEs in the tiered cultivation program for the first time. 5. Galactic Energy responded to the failure of Ceres-2s maiden flight: a full investigation is underway to determine the cause of the malfunction. 6. The General Administration of Customs stated that during the 15th Five-Year Plan period, both exports and imports should be expanded appropriately. 7. Eastern Theater Command: The PLA organized naval and air forces to monitor and alert US warships transiting the Taiwan Strait, effectively responding to and handling the situation. 8. Southern Theater Command: The Southern Theater Command recently organized drones to conduct normal flight training in the airspace near Dongsha Island, which is entirely legitimate and legal. International News: 1. British media: Nvidia suppliers suspend production of key components for the H200 chip. 2. Musk: AI5 chip design is nearing completion, AI6 is still in its early stages. 3. US-led coalition warplanes flew over the conflict zone in northern Syria, dropping warning flares. 4. Syrian government forces: have captured the Sufyan and Thawrah oil fields in the north. 5. US Commerce Secretary threatened South Korean and other memory chip manufacturers: either build in the US or pay 100% tariffs. 6. Iranian Supreme Leader Khamenei: Trump has caused casualties and losses in Iran and slandered Iran; he is a criminal. On January 17, Russian Human Rights Commissioner Moskalikova told reporters in Geneva after meeting with ICRC President Sporalitz that restarting the prisoner-of-war exchange process between Russia and Ukraine is the top priority. She stated that Russia has submitted a list of Ukrainian military personnel in Russia who are ready for repatriation. Previously, Ukraine typically submitted the list, and Russia agreed to repatriation, but the current dialogue with Ukraine is "puzzling." It is difficult to discuss the possible exchange deadline and the number of prisoners at this time, as "various details could emerge until the last minute, potentially disrupting the process or changing its direction."On January 17, Ukrainian President Volodymyr Zelenskyy stated that the Ukrainian delegation had arrived in the United States that day and was expected to receive its first briefing on the talks that evening Kyiv time. Zelenskyy said the main task of the Ukrainian delegations trip was to provide the US with comprehensive and accurate information about the current situation. Zelenskyy reiterated that Ukraine has never been, and will never be, an obstacle to peace, and that progress in the current diplomatic process depends on the positions of the partners.On January 17th, it was reported that on January 13th, according to Xian University of Electronic Science and Technology, Academician Hao Yues team at the university broke through a 20-year bottleneck in semiconductor materials technology, achieving a leap forward in chip heat dissipation efficiency and overall performance, providing a replicable Chinese paradigm for solving various high-quality integration problems of semiconductor materials. The relevant findings were recently published in the top international journals *Nature Communications* and *Science Advances*. Zhang Jincheng, Vice President and Professor of Xian University of Electronic Science and Technology, stated, "Inability to dissipate heat can lead to decreased chip performance or even device burnout." The team innovatively injected high-energy ions into the crystal of third-generation semiconductor chips, making the surface of the crystal nucleation layer smooth. This breakthrough reduced the semiconductor thermal resistance to one-third of its original value, solving the heat dissipation problem faced by third-generation and future semiconductor chips. Simultaneously, this breakthrough significantly improved the performance of semiconductor devices.According to Syrian security sources and Turkish defense sources, US-led coalition warplanes flew over northern Syria, where clashes were taking place between Syrian government forces and Kurdish militants.

Amazon Will Lay Off Tens of Thousands of Workers

Charlie Brooks

Nov 15, 2022 17:39

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According to a source with knowledge of the matter, Amazon.com Inc. will begin laying off about 10,000 corporate and technical employees this week. This would be the largest decrease in the company's history.


The cuts, which were initially reported by the New York Times, would affect around 3 percent of Amazon's (NASDAQ:AMZNcorp) staff. As Amazon firms evaluate their aims, the precise number may alter, a source told Reuters.


According to the source, the online retailer intends to eliminate positions in its devices division, which manufactures voice-controlled "Alexa" devices and home-security cameras, as well as in its human resources and retail divisions. Uncertainty persisted as to when Amazon will notify its staff.


The drop was attributed to the unpredictable macroeconomic environment in which Amazon and other businesses operate.


The discovery follows a wave of layoffs in the IT industry, which fears a recession after years of rapid expansion. In an effort to reduce expenses, Facebook's parent company, Meta Platforms Inc (NASDAQ:META), announced last week that it would eliminate nearly 11,000 positions, or 13% of its staff.


Amazon, headquartered in Seattle, forecasts a slowdown in Christmas sales growth.


Last month, on a conference call with reporters, Chief Financial Officer Brian Olsavsky reported that the company observed evidence of tighter household budgets for shopping and continued to struggle with high inflation and energy prices.


Since then, it has announced that it will freeze corporate hiring growth for several months.


The Wall Street Journal claimed last week that Amazon's gadgets segment has lost more than $5 billion annually in recent years. According to the article, the company has contemplated whether to focus on new features for Alexa given that some consumers use the voice assistant for a limited number of tasks.


Including warehouse and transportation employment, which increased Amazon's headcount to over 1.5 million on September 30, the projected layoffs represented less than one percent of the retailer's workforce.


This year, Amazon's stock has lost more than 40 percent of its value. Monday afternoon, the price dropped 1.1% to $99.67.