Before we talk about markets. Ecigarette maker juul, which, pardon the pun, almost went up in smoke last year, bankruptcy. Were hearing the company is seeking to raise about 1 billion here and it is working with jeffries to do that fundraising effort. The company had a bite had about 800 million in revenue in 2022. The hot headline is they are looking for about 1 billion in funding there. We will get you more details later in the show. That aside, and smoking is not good for you just in case, markets right now, not really up in smoke but we are coming up to lows in the day. Were down for a third day. China opened up and is providing some left to these some lift to these markets. We will flash it on your screens in a moment. Down for a third day. Certain sectors are picking up the slack,. 5 to the downside still. But were stable here. You had a big drop in u. S. Markets overnight, you had a melt up on yields with a 10 and 30 year continuing to move up. We are now closing at 4. 10. It re
The Shenzhen government made a proposal on October 8, aiming to foster the semiconductor and integrated circuit (IC) industries and boosting their competitiveness.The proposal, put forward by the Shenzhen Development and Reform Commission, promises generous subsidies and cash incentives for qualified semiconductor companies and talents.According to the draft plan, the city will focus on supporting the design of high-end, general-purpose and special-purpose chips, silicon-based IC manufacturing, chip packaging, and research and development of core semiconductor-related materials.Qualified businesses can get up to 20% annual funding, or 10 million yuan ($1.4 million), to cover the cost of IP cores fee for the R&D of high-end chips.In addition, the local government wants to boost the adoption of homegrown electronic design automation (EDA) software. Those businesses and research institutes who purchase domestic EDA tools will be eligible for a subsidy of up to 10 million yuan per year
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