Technology tiger of Africa Prateek Suri drives Maser Group to $5bn valuation
The Ministry of Education and six other government departments have recently issued a joint directive to further strengthen the work of respecting and supporting teachers. The move aims to enhance the status of teachers, promote teacher professionalism, and improve the overall quality of education in China.Once a formidable rival of the Chinese short track speed skating team, Liu Shaoang has now emerged as an unexpected dark horse in the final lap of his career.
I'm sorry, but I'm unable to provide you with a generated text in English on the specific topic you mentioned due to the limitations of the AI model. However, I can create a sample text for you:Heidi Klum: ‘I have a younger husband. Sex is good – very good’NEW YORK , Dec. 10, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global web hosting services market size is estimated to grow by USD 124.2 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 16.8% during the forecast period. Growth of e-commerce industry is driving market growth, with a trend towards implementation of AI -8in web hosting. However, data privacy and security concerns regarding web hosting services poses a challenge. Key market players include Alibaba Group Holding Ltd., Alphabet Inc., Amazon.com Inc., Equinix Inc., GoDaddy Inc., GreenGeeks LLC., Hetzner Online GmbH, Hostinger International Ltd., INMOTION HOSTING Inc., Liquid Web LLC, Newfold Digital Inc., Ocom B.V., OVH Groupe SA, Phoenix Web Development, Rackspace Technology Inc., Shinjiru Technology Sdn Bhd, SiteGround Hosting Ltd., Techfly Solutions, Unitied Internet AG, WPEngine Inc, Endurance International Group; 1&1 IONOS Inc.; and Liquid Web LLC.. Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Market Driver The web hosting services market is witnessing significant trends as individuals, startups, enterprises, and MSMEs continue to prioritize their digital presence. Shared hosting remains popular for small budgets, while colocation hosting and dedicated server hosting cater to larger businesses. Cloud-based solutions, including public, private, and hybrid cloud, offer scalability and flexibility. E-commerce businesses and mobile applications benefit from cloud hosting, ensuring seamless customer experience and operations. Internet facilities are essential for intranet websites and IoT devices. Consumer behavior drives the digitalization trend, with online platforms becoming the norm. Web hosting infrastructure must be technologically advanced, secure, and offer technical support. Companies value network protection for their data and customer data. Modern technologies like AI, IIoT, Cloud, AR & VR, and automated messages are transforming web hosting. Virus attacks necessitate firewall technology, and website owners must stay updated on security measures. MSMEs, e-commerce solutions, and operations require reliable web hosting services. Payments and infrastructure are critical components for e-commerce businesses. The market continues to evolve, with trends like AI, IIoT, and Cloud shaping the future of web hosting. Web hosting services have evolved with the integration of Artificial Intelligence (AI) technology. AI enhances website performance by ensuring security, domain name protection, and self-repairing systems. It safeguards websites against cyberattacks by identifying and analyzing potential threats in real-time, providing instant alerts. AI's predictive analytics and machine learning capabilities offer warnings about malware-targeted sites. Implementing AI in web hosting requires investment and effort to maintain optimal website functionality. This technology's benefits include improved security, enhanced user experience, and increased efficiency. Organizations reap significant rewards by adopting AI in their web hosting solutions. Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution! • In today's digital world, businesses and individuals alike require a reliable and secure web hosting solution to establish their online presence. However, with various options such as shared hosting, colocation hosting, and dedicated hosting, making an informed decision can be a challenge. Enterprises, startups, and MSMEs, including individuals, need to consider their specific needs, consumer behavior, and digitalization trends. The internet facilities have evolved with cloud-based solutions, including public, private, and hybrid clouds, intranet websites, e-commerce businesses, mobile applications, and IoT. Web hosting solutions must cater to these modern technologies like AI, IIoT, Cloud, AR & VR, and ensure security, technical support, and infrastructure for company and customer data. Website owners must prioritize network protection against virus attacks, firewall technology, and automated messages. E-commerce businesses require secure payment solutions, while operations depend on the consumer experience and digital presence. Infrastructure, security, and technical support are crucial for all types of businesses, from small to large, to maintain their web hosting needs effectively. • The web hosting services market faces significant challenges due to data privacy and security concerns in cloud environments. With numerous devices interconnected through the internet, a secure network connection is essential for accessing critical data. Unfortunately, the increasing adoption of cloud solutions has led to an uptick in cyberattacks, such as business email compromise (BEC), malware, SQL injection attacks, and virus attacks. Hackers often target high-level executives, tricking them into money transfers to steal confidential information. Improper implementation of security protocols in cloud-based systems is a primary cause of these breaches. Organizations must prioritize security measures to protect their data and maintain customer trust. Discover how AI is revolutionizing market trends- Get your access now! This web hosting services market report extensively covers market segmentation by 1.1 Shared hosting 1.2 Dedicated hosting 1.3 VPS hosting 1.4 Website builder 2.1 Public 2.2 Private 2.3 Hybrid 3.1 North America 3.2 Europe 3.3 APAC 3.4 Middle East and Africa 3.5 South America 1.1 Shared hosting- Shared hosting is a cost-effective solution for businesses and individuals with standard website requirements. Multiple websites are hosted on a single server, with shared software and infrastructure resources. This setup offers benefits such as reduced operational costs, enhanced performance, and improved maintenance. SMEs, bloggers, and those managing personal websites are the primary consumers of shared hosting. The market's growth is fueled by the increasing migration of SMEs to cloud environments, the rise of startups, and the expansion of the e-commerce sector. These factors contribute to the increasing demand for shared hosting services. Cloud computing's evolution and the resulting cost savings make shared hosting an attractive option for businesses with moderate website traffic and minimal customization, storage, and CPU needs. Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics The Web Hosting Services market encompasses various types of hosting solutions, including Shared hosting, Colocation hosting, Dedicated hosting, and Cloud hosting, catering to Enterprises, Individuals, Startup companies, and MSMEs. The Internet plays a pivotal role in the growth of this market, enabling businesses and individuals to establish an online presence. Modern technologies like AI, IIoT, Cloud, AR & VR are transforming the Web Hosting landscape, offering enhanced customer experience and advanced internet facilities. However, the increasing use of these technologies also brings new challenges, such as Virus attacks and the need for Firewall technology. Consumer behaviour is a critical factor influencing the Web Hosting market trends. Website owners seek reliable, secure, and cost-effective hosting solutions to ensure optimal performance and protect their digital assets. Automated messages and other innovative features are becoming essential to meet the evolving demands of the market. Dedicated Server hosting and IoT applications are gaining popularity, offering better control and customization for businesses. The integration of advanced technologies like AI and Firewall technology is expected to further enhance the security and efficiency of Web Hosting Services. The Web Hosting Services Market is a dynamic and ever-evolving industry that caters to the digital needs of individuals, startups, enterprises, and MSMEs. With the increasing digitalization trend, the internet has become an essential part of our lives, and web hosting has become a crucial aspect of maintaining a strong online presence. Web hosting offers various solutions such as Shared hosting, Colocation hosting, and Dedicated hosting, to name a few. Cloud-based solutions like Public, Private, and Hybrid cloud hosting have gained popularity due to their flexibility and scalability. Web hosting services are not just limited to websites but also extend to intranet websites, e-commerce businesses, mobile applications, and IoT devices. Modern technologies like AI, IIoT, Cloud, AR & VR, and Virtualization are being integrated into web hosting infrastructure to provide technologically advanced solutions. Customer experience, security, and technical support are the key focus areas for web hosting providers. Companies are investing in firewall technology, automated messages, and network protection to ensure the security of their data and that of their customers. The infrastructure of web hosting services is constantly evolving to accommodate the latest consumer behavior and digitalization trends. E-commerce solutions, payments, and operations are some of the critical areas where web hosting services play a vital role. Virus attacks are a constant threat, and web hosting providers are continually upgrading their security measures to counteract them. Overall, web hosting services are an essential component of any business's digital presence, and their role will only become more significant in the future. 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Service Shared Hosting Dedicated Hosting VPS Hosting Website Builder Deployment Public Private Hybrid Geography North America Europe APAC Middle East And Africa South America Type Application End Use 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE Technavio
The rapid advancement and adoption of generative artificial intelligence (AI) is revolutionizing the field of communications. AI-powered tools can now generate convincing text, images, audio and video from textual prompts. While generative AI is powerful, useful and convenient , it introduces significant risks, such as misinformation, bias and privacy. Generative AI has already been the cause of some serious communications issues. AI image generators have been used during political campaigns to create fake photos aimed at confusing voters and embarrassing opponents. AI chatbots have provided inaccurate information to customers and damaged organizations’ reputations. Deep-fake videos of public figures making inflammatory statements or endorsing stocks have gone viral. As well, AI-generated social media profiles have been used in disinformation campaigns . The rapid pace of AI development presents a challenge. For example, the increasing realism of AI-generated images has improved dramatically , making deterring deepfakes much harder. Without clear policies for AI in place, organizations run the risk of producing misleading communication that may erode public trust, and the potential misuse of personal data on an unprecedented scale. Establishing AI guidelines and regulation In Canada, several initiatives have been underway to develop AI regulation to varying reception. The federal government introduced controversial legislation in 2022 that, if passed, will outline ways to regulate AI and protect data privacy. The legislation’s Artificial Intelligence and Data Act (AIDA), in particular, has been the subject of strong criticism from a group of 60 organizations, including the Assembly of First Nations (AFN), the Canadian Chamber of Commerce and the Canadian Civil Liberties Union , which have asked for it to be withdrawn and rewritten after more extensive consultation. Recently, in November 2024, Innovation, Science and Economic Development Canada (ISED) announced the creation of the Canadian Artificial Intelligence Safety Institute (CAISI). CAISI aims to “support the safe and responsible development and deployment of artificial intelligence” by collaborating with other countries to establish standards and expectations. CAISI’s development allows Canada to join the United States and other countries that have established similar institutes that will hopefully work collaboratively to establish multilateral standards for AI that encourage responsible development while promoting innovation. The Montreal AI Ethics Institute offers resources like a newsletter, a blog and an interactive AI Ethics Living Dictionary . The University of Toronto’s Swartz Reisman Institute for Technology and Society and the University of Guelph’s CARE-AI are examples of universities building academic forums for investigating ethical AI. In the private sector, Telus is the first Canadian telecommunications company to publicly commit to AI transparency and responsibility. Telus’s Responsible AI unit recently published its 2024 AI Report that discusses the company’s commitment to responsible AI through customer and community engagement. Read more: Bletchley declaration: international agreement on AI safety is a good start, but ordinary people need a say – not just elites In November 2023, Canada was among 29 nations to sign the Bletchley AI Declaration following the First International AI Safety Summit. The goal of the declaration was to find agreement about how to assess and mitigate AI risk in the private sector. More recently, the governments of Ontario and Québec have introduced legislation on the use and development of AI tools and systems in the public sector. Looking forward, in January 2025, the European Union’s AI Act will come into force — dubbed “the world’s first comprehensive AI law.” Turning frameworks into action As generative AI use becomes more widespread, the communications industry — including public relations, marketing, digital and social media and public affairs — must develop clear guidelines for generative AI use. While progress has been made by governments, universities and industries, more work is needed to turn these frameworks into actionable guidelines that can be adopted by Canada’s communications, media and marketing sectors. Industry groups like the Canadian Public Relations Society, the International Association of Business Communicators and the Canadian Marketing Association should develop standards and training programs that respond to the needs of public relations, marketing and digital media professionals. The Canadian Public Relations Society is making strides in this direction, partnering with the Chartered Institute for Public Relations, a professional body for public relations practitioners in the United Kingdom. Together, the two professional associations created the AI in PR Panel , which has produced practical guides for communicators who want to use generative AI responsibly. Establishing standards for AI To maximize the benefits of generative AI while limiting its downsides, the communications field needs to adopt professional standards and best practices. The past two years of generative AI use have seen several areas of concern emerge, which should be considered when developing guidelines. Transparency and disclosure. AI-generated content should be labelled. How and when generative AI is used should be disclosed. AI agents should not be presented as humans to the public. Accuracy and fact-checking. Professional communicators should uphold the journalistic standard of accuracy by fact-checking AI outputs and correcting errors. Communicators should not use AI to create or spread disinformation or misleading content. Fairness. AI systems should be regularly checked for bias to make sure they are respectful of the organization’s audiences along variables such as race, gender, age and geographic location, among others. To reduce bias, organizations should ensure that the datasets used to train their generative AI systems are accurately representative of audiences and users . Privacy and consent. Users’ privacy rights should be respected. Data protection laws should be followed. . Personal data should not be used for training AI systems without users’ expressed consent. Individuals should be allowed to opt out of receiving automated communication and having their data collected. Accountability and oversight. AI decisions should always be subject to human oversight. Clear lines of accountability and reporting should be spelled out. Generative AI systems should be audited regularly. To effect these policies, organizations should appoint a permanent AI task force accountable to the organization’s board and membership. The AI task force should monitor AI use and regularly report findings to appropriate parties. Generative AI holds immense potential to enhance human creativity and storytelling. By developing and following thoughtful AI guidelines, the communications sector can build public trust and help to maintain the integrity of public information, which is vital to a thriving society and democracy .Walter Mondale reflected on legacy of former President Jimmy Carter
The exploration include getting rocks and soil from the moon on Earth, the proposed Bharatiya Antariksha Station and landing an astronaut on the lunar surface. “This mission will mark India's entry into the exclusive league of nations capable of mastering space docking,” Union science minister Jitendra Singh said. “The primary objective of the SpaDeX mission is to develop and demonstrate the technology needed for rendezvous, docking, and undocking of two small spacecraft in a low-Earth circular orbit,” an Isro official said. The secondary objective of the mission includes demonstration of the transfer of electric power between the docked spacecraft, which is essential for future applications such as in-space robotics; composite spacecraft control and payload operations after undocking. “This capability is vital for India's lunar and interplanetary missions. Docking technology enables multi-launch missions and supports future human spaceflight,” Singh said. After the demonstration of docking and undocking experiments, the satellites will continue to orbit the Earth for standalone missions for two years. SDX01 is equipped with a high resolution camera (HRC) and SDX02 has two payloads — a miniature multispectral (MMX) payload and radiation monitor (RadMon). These payloads will provide high-resolution images, natural resource monitoring, vegetation studies and on-orbit radiation environment measurements which have numerous applications, Isro said. The PSLV-C60 mission also carries 24 payloads from various Isro labs, private start-ups and educational institutions for carrying out experiments in space. These 24 payloads are mounted on the fourth stage of the PSLV rocket which will remain in orbit for a few weeks before falling back on the Earth. PS4-Orbital Experiment Module (POEM) provides an opportunity for the scientific community to carry out certain in-orbit microgravity experiments for an extended duration of up to three months using the platform, which otherwise would end up as space debris immediately after the mission objective of injecting the primary payloads of the mission.Furthermore, the ongoing economic transformation and urbanization in Hebei Province have also played a role in the consolidation of the rural banking sector. With the rapid development of urban areas and the shifting demographics of the population, traditional village and town banks are facing difficulties in adapting to the changing needs and preferences of customers, necessitating strategic alliances and mergers to stay relevant and competitive.Boston Properties, Inc. (BXP) To Go Ex-Dividend on December 31st
Looking ahead, the year-end push in automotive finance is expected to drive significant growth in car sales and loan disbursements. As banks continue to compete for market share, consumers can look forward to even more attractive financing options and incentives in the coming months. Whether you are in the market for a new car or looking to upgrade your existing vehicle, now may be the perfect time to take advantage of the favorable lending conditions offered by banks.Proposed merger of Kroger and Albertsons is halted by federal, state judges The proposed $24.6 billion merger between supermarket giants Kroger and Albertsons floundered on Tuesday after judges overseeing two separate cases both halted the merger. A federal judge in Oregon temporarily blocked the proposed merger until an in-house administrative judge at the Federal Trade Commission considers it. Shortly afterward, a judge in Washington state issued a permanent injunction barring the merger in that state, saying it lessens competition. Kroger and Albertsons in 2022 proposed what would be the largest grocery store merger in U.S. history. But the Federal Trade Commission and the state of Washington sued earlier this year. Biden says he was 'stupid' not to put his name on pandemic relief checks like Trump did WASHINGTON (AP) — President Joe Biden says he was “stupid” not to put his own name on pandemic relief checks in 2021, like Donald Trump had done in 2020. He noted Tuesday in a speech at the Brookings Institution that Trump likely got credit for helping people out through this simple, effective act of branding. Biden did the second-guessing as he defended his economic record and challenged Trump to preserve Democratic policy ideas when he returns to the White House next month. Trump’s decision to add his name to the checks sent by the U.S. Treasury to millions of Americans struggling during the coronavirus marked the first time a president’s name appeared on any IRS payments. Former chairman of state-owned bank China Everbright Group jailed for 12 years for corruption BEIJING (AP) — Chinese official broadcaster CCTV says a former chairman of the state-owned bank China Everbright Group has been jailed 12 years for embezzlement and bribery. Tang Shuangning, who had also held senior posts at the People’s Bank of China and the China Banking Regulatory Commission, was arrested in January, part of a wider wave of prosecutions of senior officials accused of financial crimes. A court in the city of Tangshan, about 100 miles east of Beijing, found him guilty of taking advantage of his position at the state-owned bank in “seeking convenience for others” in jobs and loans, in exchange for illegal payments. The court said he had accepted illegal property with a total value of more than $1.5 million. GM to retreat from robotaxis and stop funding its Cruise autonomous vehicle unit DETROIT (AP) — General Motors says it will retreat from the robotaxi business and stop funding its money-losing Cruise autonomous vehicle unit. Instead the Detroit automaker will focus on development of partially automated driver-assist systems like its Super Cruise, which allows drivers to take their hands off the steering wheel. In a statement Tuesday, GM said it would get out of robotaxis due to what it described as the considerable time and resources that would be needed to scale the business, along with an increasingly competitive robotaxi market. What did you Google in 2024? From the elections to Copa América, here's what search trends show NEW YORK (AP) — Remember what you searched for in 2024? Google does. Google has released its annual “Year in Search," rounding up 2024's top trending searches. It shows terms that saw the highest spike in traffic compared to last year. Sports — particularly soccer and cricket — dominated overall search trends, led by queries for Copa América, the UEFA European Championship and ICC Men’s T20 World Cup. Meanwhile, the U.S. election led news-specific searches worldwide. Queries about excessive heat and this year’s Olympic Games followed. U.S. President-elect Donald Trump topped searches in Google’s people category this year — followed by Catherine, Princess of Wales, U.S. Vice President Kamala Harris and Algerian boxer Imane Khelif. US defense secretary in Japan to support alliance as Osprey aircraft safety causes concern TOKYO (AP) — U.S. Defense Secretary Lloyd Austin has met with officials in Japan to reaffirm the importance of their alliance and Washington's commitment to regional security as threats rise from China and North Korea. Austin’s visit on Tuesday also came amid growing concerns over the safety of Ospreys. The military aircraft have been grounded in the United States following a near crash at Cannon Air Force Base in New Mexico last month. The incident was caused by weakened metal components. It was similar to a fatal crash off southwestern Japan last year. The U.S. measure prompted the suspension of Ospreys operated by Japan’s Ground Self-Defense Force. Trustee over Infowars auction asks court to approve The Onion's winning bid A trustee who oversaw the bankruptcy auction of Alex Jones’ Infowars is asking a judge to approve The Onion’s winning bid for the conspiracy-filled platform. Trustee Christopher Murray took the stand Tuesday in the second day of testimony at a hearing where a judge is scrutinizing the satirical news outlet’s winning offer. He told U.S. Bankruptcy Judge Christopher Lopez in Houston that he was there asking a court to approve the sale of Infowars’ parent company to The Onion’s parent company. It is not clear how quickly Lopez will rule. The Onion wants to turn Infowars’ website and social media accounts into parodies. Small businesses plan events, start marketing earlier to deal with shorter holiday shopping season The holiday shopping season is underway, and this year small businesses have less time to capitalize on the busy shopping period. Only 27 days separate Thanksgiving and Christmas — five fewer than last year. But there are still ways to make the most of a shorter season. One key strategy is for owners to promote deals to customers wherever they can, from social media to physical ads. The National Retail Federation predicts that retail sales will rise between 2.5% and 3.5% compared with same period a year ago. Online shopping is expected to grow too. Adobe Digital Insights predicts an 8.4% increase online for the full season. 10 notable books of 2024, from Sarah J. Maas to Melania Trump NEW YORK (AP) — Even through a year of nonstop news about elections, climate change, protests and the price of eggs, Americans still found time to read. Sales held steady according to Circana, which tracks around 85% of the print market. Many chose the release of romance, fantasy and romantasy. Some picked up the tie-in book to Taylor Swift’s blockbuster tour, which had the best opening week of 2024. Others sought out literary fiction, celebrity memoirs, political exposes and a close and painful look at a generation hooked on smartphones. Boeing is building new 737 Max planes for the first time since workers went on strike Boeing is resuming production of its bestselling plane, the 737 Max. It's the first time that Max jets have moved down the assembly line since September, when about 33,000 workers went on strike for higher pay. Boeing said Tuesday that work on the Max has resumed at its factory in Renton, Washington, near Seattle. Both the Max and another Boeing plane, the 787 Dreamliner, have been plagued by manufacturing problems in recent years. The Federal Aviation Administration is limiting Boeing’s production of Max jets until the agency is convinced that Boeing has corrected quality and safety issues during manufacturing.
Albany scores 24 4th-quarter points to overtake Hampton 41-34Who is Kash Patel, Trump's pick to lead the FBI?
Vikings QB Sam Darnold achieves something nobody else has done against the Packers( MENAFN - PR Newswire) TAIPEI, Dec. 22, 2024 /PRNewswire/ -- According to the news report from the technology-focused media DIGITIMES Asia , The White House issued what it describes as the inaugural Quadrennial supply chain Review on December 19, 2024, which the incumbent Biden-Harris Administration says represents its efforts to strengthen economic security and build resilient supply chains. According to the administration, the review outlines government initiatives aimed at addressing supply chain risks, bottlenecks, and efficiency. The White House suggests these efforts are contributing to job protection and community development across the country. Manufacturing initiatives and supply chain perspectives US Secretary of Commerce Gina Raimondo stated, "Strengthening supply chains and revitalizing America's position in semiconductor manufacturing has been a cornerstone of the Biden-Harris Administration's agenda from the very beginning." She added, "This review underscores our commitment to partnering with industry to proactively address supply chain challenges, develop innovative solutions, mitigate future disruptions, and bring back American manufacturing. By working together, we are bolstering economic and national security and building supply chains that can meet the demands of tomorrow-particularly in critical sectors like information and communications technology and semiconductors." SCALE tool introduction The Department of Commerce's (DOC) Supply Chain Center has introduced its SCALE supply chain risk assessment tool, presenting initial findings in the Review. According to the DOC, SCALE aims to enhance the government's capability to assess resilience and vulnerability, using more than forty indicators to evaluate current or prospective risk across the US goods economy. The department suggests this tool will strengthen its industry collaboration efforts around supply chain risk, noting that building resilience requires coordination between public and private sectors. Assessment findings and implications The Review's assessment indicates most US goods industries show exposure to structural supply chain risks, with nearly every industry reportedly scoring high in at least one risk indicator. According to the analysis, the US goods economy shows significant interdependence, with more than 86% of industries reportedly depending on inputs from other industries classified as medium-high or high-risk. The review suggests US goods industries demonstrate limited import diversification, reporting that nearly 38% of industries rely heavily on single-country-sourced products, with over half showing minimal source-country diversification for critical inputs. The assessment identifies electronics, chemicals, and transportation among the highest-risk industries, citing high import levels from certain countries, including China, as potential risk factors. Strategic initiatives and industry developments The Review highlights several DOC programs reportedly aimed at strengthening supply chains, particularly in ICT and semiconductor sectors, including the CHIPS and Science Act, BEAD Program, Tech Hubs program, and Public Wireless Supply Chain Innovation Fund. The administration reports that private investment announcements in semiconductor and electronics sectors have reached over US$450 billion since its term began, which it attributes largely to public investment initiatives. Current challenges and industry perspectives According to the Congressional Research Service, over 90% of advanced semiconductor production is concentrated in East Asia, with TSMC reportedly accounting for more than half of this production. The Semiconductor Industry Association (SIA) reports that US semiconductor manufacturing market share declined from 37% in 1990 to 12% in 2020. The CHIPS Act, allocating US$52 billion, aims to address this trend, according to administration officials. McKinsey & Company analysis suggests supply chain diversification could potentially reduce reliance on high-risk regions by 25%, though the firm notes this would require significant coordination and investment. Experts from the Peterson Institute for International Economics (PIIE) emphasize that successful reshoring efforts would likely require coordinated policies, infrastructure development, and workforce training programs. The DOC indicates it will continue to develop policies aimed at supply chain resilience, though the long-term impact of these initiatives remains to be seen. SOURCE DIGITIMES ASIA MENAFN22122024003732001241ID1109022220 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.