Canberra Raiders great Josh Papali'i is set to fight criminal allegations stemming from a drunken night out in Gungahlin earlier this year. Black Friday Sale Subscribe Now! Login or signup to continue reading All articles from our website & app The digital version of Today's Paper Breaking news alerts direct to your inbox Interactive Crosswords, Sudoku and Trivia All articles from the other regional websites in your area Continue The 32-year-old NRL prop did not front the ACT Magistrates Court on Thursday. But defence lawyer Tom Taylor appeared on his behalf to enter pleas of not guilty to charges of intimidating a territory public official and failing to leave a licensed premises. Only a week ago, the court heard Mr Taylor had sent representations to the territory's prosecuting office in an attempt to resolve the matter without a contested hearing. It now appears behind-the-scenes negotiations have fallen through and Papali'i will fight the allegations made against him. The defence lawyer asked for another court mention date early next year, during which time he said discussions with prosecutors could help narrow the case's issues and "may prevent a multi-day hearing". Josh Papali'i has pleaded not guilty. Picture by Keegan Carroll Mr Taylor told the court potentially six or seven police witnesses and at least five civilian witnesses were expected to give evidence. The alleged incident No details about the incident have been aired in open court but police charged the NRL veteran and his brother after extensive investigations. "About 3.10am on Monday, September 16, 2024, police responded to a call for assistance following reports that three men were behaving aggressively towards each other and staff, and throwing glasses within the licenced premises," an ACT Policing spokesperson said last month. MORE COURT AND CRIME NEWS : Drink-driver allegedly performed burnout in front of unmarked police car Teacher allegedly raped student in '90s, accused of tutoring without checks Corrections officer accused of threatening to kill, attempting to run over man "Upon arrival, police were further advised that the 32-year-old had been verbally abusive towards a staff member when the group were asked to leave. "When police engaged with the group and requested they leave the premises, the man was allegedly verbally abusive and threatening towards officers." Police allege the group left the premises and then re-entered before Papali'i attempted to further intimidate police. Papali'i played his 300th game for the Raiders this season and was named club person of the year. His case is set to return to court in February. Share Facebook Twitter Whatsapp Email Copy Tim Piccione Court reporter Tim is a journalist with the Canberra Times covering the ACT courts. He came to the nation's capital via the Daily Advertiser in Wagga. Contact: tim.piccione@canberratimes.com.au. Tim is a journalist with the Canberra Times covering the ACT courts. He came to the nation's capital via the Daily Advertiser in Wagga. Contact: tim.piccione@canberratimes.com.au. More from Canberra Raiders great denies intimidating police, set to fight charges in hearing 26m ago Gladiator II vs Wicked: How 'Glicked' is bringing back Barbenheimer buzz 1hr ago Council abruptly sacks chief, but it's 'business as usual', says mayor 2hrs ago No comment s We could ease cost-of-living pain on poorer households, but it would be awkward No comment s Authorities promise Thursday will be better, after MyWay+ rollout 'teething issues' No comment s Raiders tap into Storm success as coaching set-up reshuffled No comment s Newsletters & Alerts View all DAILY Your morning news Today's top stories curated by our news team. Also includes evening update. Loading... 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24X National Exchange Plans to be the First Exchange to Offer U.S. Equities Trading 23 Hours-Per-Day on Weekdays STAMFORD, Conn. , Nov. 27, 2024 /PRNewswire/ -- 24 Exchange announced today that it has received approval from the U.S. Securities and Exchange Commission to operate 24X National Exchange as the first national securities exchange in the U.S. that allows trading of U.S. securities 23 hours each workday. The extended hour trading is subject to Equity Data Plans making changes that would facilitate overnight trading hours and 24X National Exchange making an additional rule filing with the SEC confirming the changes and the Exchange's ability to comply with the Securities Exchange Act. 24X National Exchange will be subject to the SEC's ongoing regulatory oversight and full range of investor protections. The new Exchange will enable retail and institutional customers anywhere in the world to trade in U.S. equities via broker-dealers who are approved members of 24X National Exchange. 24X National Exchange will be launched in two stages. A first stage will open in the second half of 2025, with the Exchange operating from 4:00AM ET to 7:00PM ET on weekdays. The second stage, which will launch once the conditions noted above are met, will offer trading in U.S. equities from 8:00PM ET on Sunday through 7:00PM ET on Friday . A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing. 24 Exchange CEO and Founder Dmitri Galinov said: "The SEC's approval of our new exchange is a thrilling development that the 24X Team has been working toward for many years. Traders are most at-risk when the market is closed in their geographic location. 24X National Exchange will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading for broker-dealers and their institutional and retail customers." As the first national securities exchange approved by the SEC to operate 23 hours each weekday, subject to the conditions noted above, 24X National Exchange will initially focus on capturing the expanding demand in the APAC region for overnight liquidity in U.S. equities. The 24X National Exchange will run on a proven, state-of-the-art technology platform provided by MEMX Technologies. The new Exchange's executive team will place a high priority on enhancing client experience through continuous technology innovations and improvements. "With this historic SEC approval in place, we will build and operate a customer-driven Exchange that can rapidly align with market demands and adapt quickly to client feedback," Galinov added. "We look forward to bringing a superior trading experience to global customers. 24X National Exchange will deliver the cost efficiency, speed, resilience, and adaptability that the company's financial institutional customers have long come to expect." 24X National Exchange will close on U.S. market holidays, similar to the schedules maintained by the NYSE and Nasdaq. 24 Exchange through 24X Bermuda Limited, an affiliate of 24X National Exchange, will continue to offer FX NDFs, Swaps and Spot trading to institutional clients. Since its launch in 2019, 24 Exchange's multi-asset offering through a single trading interface has enabled clients to access increased liquidity at lower cost. About 24 Exchange 24 Exchange allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange's mission is to enable members to initiate the most cost-effective trades across a growing range of asset classes, 24 hours a day. 24 Exchange lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/ . Media Contact: Eric Andrus , KARV 24Xmedia@karv.global Phone: +1 (212) 333-0275 View original content: https://www.prnewswire.com/news-releases/24-exchange-receives-sec-approval-of-its-new-national-securities-exchange-24x-national-exchange-302317878.html SOURCE 24 ExchangeBest Bets for NCAA Basketball Picks Against the Spread for Thursday, December 12BPO Warns Against Fake Lost Parcel Scam
LOS ANGELES — The NBA announced Monday afternoon that Cade Cunningham had been named the NBA’s Eastern Conference Player of the Week for games played from Dec. 16-22. Related Articles Detroit Pistons | Cunningham has 28 points, 13 assists to lead the Pistons past the Suns 133-125 Detroit Pistons | Hardaway’s hot shooting in OT helps Pistons nip Heat 125-124 Detroit Pistons | Pritchard scores 27 and hits 7 3-pointers to help Celtics earn 20th win, power past Pistons 123-99 Detroit Pistons | Cunningham has a triple-double to lead the Pistons to a 120-111 victory over the Knicks Detroit Pistons | Celtics withstand 3-point spree to beat the Pistons 130-120 Cunningham led the Pistons to a 2-1 record with averages of 27 points on 49.2% shooting from the field, 40.9% on 3-point shooting, 5.3 rebounds, 12.7 assists, 2.3 blocks and one steal. The Player of the Week honor comes two days after Cunningham led Detroit to a 133-125 win over the Phoenix Suns on Saturday night at the Footprint Center. He finished the game with 28 points, 13 assists, two blocks, and a pair of steals. His most impressive game was on Dec. 16, when the Pistons beat the Miami Heat 125-124 in overtime at Little Caesars Arena. Cunningham recorded his sixth triple-double of the season, scoring 20 points and 11 rebounds and posting a career-best 18 assists. With 33 seconds remaining, he scored a game-winning layup to give the Pistons the win. Detroit’s lone loss came Thursday night against the Utah Jazz . However, Cunningham still put on an All-Star-worthy performance, recording 33 points, four rebounds, seven assists, and four blocks in 38 minutes. This marks the first time Cunningham’s has received the Player of the Week award. The San Antonio Spurs’ Victor Wembanyama joins him from the Western Conference with averages of 36 points, 6.5 rebounds and four assists.Luke Williams feels Swansea ‘lost grip’ on game despite sealing victory at Derby
onald Trump’s success with men—especially —has caused handwringing among Democrats. Some have charged that the party has abandoned male interests, or even taken to treating men derisively, with disastrous consequences. According to John Della Volpe, director of polling at Harvard’s Kennedy School of Government, these men are not radicals or incels. “They are your sons, or they’re your neighbor’s sons,” he the BBC in late October. “Many support equality for women, but they also feel their own concerns go unheard.” This critique is a continuation of a narrative that developed during the campaign. Commentators asserted that men’s , disillusionment, , , and by Democrats were driving them toward Trump, the GOP, and an almost caricatured embodied by pro-wrestler Hulk Hogan and UFC’s Dana White. Yet, while there is evidence to support some of these claims, it’s necessary to trace the discussion about marginalized men back to its roots: the men’s rights movement. For over 60 years, its activists have argued that men have drawn the short end of the stick, thanks in large part to what they characterize as feminist movements that purport to fight for gender equality but instead actually prioritize women over men. Understanding the links between the men’s rights movement and the current fixation on disillusioned young men is critical because men’s rights activists have used many of these claims to advance a political agenda that attempts to hold girls and women back. The men’s rights movement began spreading across the country in the early 1960s in response to what activists saw as a “divorce racket” that fleeced men and coddled women. Their complaints ignored the reality of divorce at the time: the restrictive limited access to divorce, and structural inequalities like unequal pay and pink-collar professions made it impossible for women to support themselves (and their children) after their marriages ended. Nonetheless, men’s rights activists bemoaned how family courts awarded women alimony at the expense of their ex-husbands, as well as usually granting them custody of children (and with it, child support payments) thanks to a decades-old that mothers were the more nurturing parents, particularly for younger children. This anger spawned men’s rights groups like the pertinently named Divorce Racket Busters, founded in 1960 in Sacramento, and the American $ociety of Divorced Men—pointedly using the dollar sign in its name to emphasize men’s perceived financial exploitation. These organizations to fight against divorce laws and provide emotional support for men, as well as connecting them with sympathetic attorneys willing to fight for the “male interest” in court. Much like the practice of consciousness-raising occurring in feminist circles during the same years, early men’s rights organizations offered social connection and a sense of political purpose to their members. Through these gatherings a broader argument began cohering: men faced systematic and fundamental discrimination in a changing world. This belief enabled aggrieved men to see themselves as a class and a constituency for the first time. While some of them yearned to turn back the clock, most men’s rights activists wanted to advance a new gender order—one that borrowed selectively from the burgeoning second-wave women’s liberation movement. If women wanted true equality, these men believed, including the right to leave their marriages, work in male-dominated industries, and earn equal pay, then they should also stand on their own two feet at the end of marriages. Some in the men’s rights movement claimed that just as women suffered from caricatured ideas about femininity and sexuality, so too did people mistreat and objectify men because of outdated conceptions of masculinity. For every female “sex object” diminished because of stereotypes, there was a male expected to excel at work, stifle his emotions, and financially support his wife and children. Feminist reforms that prioritized girls and women, such activists argued, ignored the plight of modern men. Figures like Farrell did admit that a power imbalance existed between men and women, and that misogyny had enduring and deleterious effects. Yet they claimed that women discriminated against men just as much as men oppressed women—and worse, that this “misandrist” mistreatment was normalized by family courts and the wider culture. Perhaps surprisingly, during the 1970s, these activists become enthusiastic promoters of the (ERA), which prohibited denying “Equality of rights under the law...on account of sex.” Second-wave feminists fought hard for the ERA, viewing it as a legal shortcut for achieving women’s equality. Men’s rights activists had similar ideas—except they wanted to level the playing field for what they saw as marginalized men. In their view, the ERA would abolish alimony and men’s disproportionate child support payments. Perhaps most importantly, men’s rights activists believed something primarily promoted by ERA opponents like Phyllis Schlafly: that the amendment would to serve in the military, a hypothetical and alarmist position given that the draft had in 1973. Unlike Schlafly, however, men’s rights activists cheered this possibility. They argued that the all-male draft had been an unfair outrage perpetuated on men—one so grievous that men’s rights leader Fred Hayward equated it with rape in 1981. As the feminist movement made gains, men’s rights activists began asserting that the political spotlight on violence against women was leading to false accusations of workplace sexual harassment, sexual assault, and domestic violence—something they hoped the ERA would correct. They argued that these claims ruined the lives of individual men and vilified masculinity as violent and predatory. They imagined that the ERA’s passage would lead to equal punishments for male and female “wrongdoers” in the workplace. Such wrongdoing, they believed, should not only account for male sexual harassment and assault, but also punish women for displaying “sexuality through application of makeup, mode of dress, and exposure of sexually alluring body parts.” Even after the ERA ratification deadline expired in 1982, some men’s rights activists kept hope alive, attempting to resuscitate it—paralleling the efforts among some Most men’s rights activists, however, turned their attention to laws at the state and local level during the 1980s and 1990s, along with academic understandings of gender violence. Increasingly, they falsely claimed that men, not women, were the primary victims of domestic violence. With the support of sociologists and , activists inaccurately that politicizing “battered wives” distracted from the problem of “family violence” that included a high proportion of . More broadly, men’s rights activists began pointing to a long list of poor outcomes affecting boys and men as proof that men were the ones being discriminated against. The claims spanned from lower rates of attainment in higher education and white-collar professions to higher proportions of mental health struggles and “deaths of despair,” including suicides and drug overdoses. Most of these efforts received scant attention and men’s rights activists achieved relatively little well into the 21st century. Yet, the era of social media and podcasts has expanded their reach in ways their forbears could only have dreamed of. They’ve also latched onto Trump as a defender of men’s rights, while cheering the misogynistic mockery of his two female opponents: Hillary Clinton in 2016 and Kamala Harris in 2024. The result is that the central premise of the men’s rights movement—that boys and men are being left behind—has gone mainstream. The movement’s longer history has largely escaped notice, but it provides crucial context for the burgeoning debate about whether poor outcomes and private struggles are changing the politics of young men. Men’s rights activists have long made many similar claims—and they’ve used them to push dangerous and radical “solutions,” which would harm girls and women in the name of fairness to men. For example, men’s rights activists have argued for abolishing the Violence Against Women Act, which they claim discriminates against male victims. They’ve gone so far as to sue state services to help female victims in , , Maine, and , efforts that drain already-overburdened agencies of their limited time and resources. Some men’s rights activists have even pushed for men having an equal say in cases of and adoption, which would give them control over women’s bodies. Some longtime men’s rights fantasies about —without reinstating men’s historic alimony obligations—have even made their way into conservative in red states like Texas, Louisiana, and Oklahoma. Understanding this history is the key to enabling Democrats and the media to address the alienation of young men and their drift rightward without unwittingly empowering this movement—one that wants to restore “men’s rights” to unearned legal privileges, unfair economic and educational advantages, and, quite literally, to women’s bodies. .
Ethiopia, Somalia find compromise over access to the Red SeaST. SIMONS ISLAND, Ga. (AP) — Maverick McNealy finally became a winner on the final tournament of his fifth year on the PGA Tour, hitting 6-iron to 5 feet for birdie on the 18th hole at Sea Island for a 2-under 68 and a one-shot victory in the RSM Classic. He picked the right time to end nine holes without a birdie, even as so many others were making them to create a four-way tie for the lead. The victory came in his 134th start as a pro, and it sends him to Maui to start the year at The Sentry and to the Masters in April for the first time. Daniel Berger missed a 20-foot birdie attempt on the 18th that preceded McNealy's winner. He tied for second with Nico Echavarria and Florida State sophomore Luke Clanton, both of whom missed par putts from inside 8 feet on the final hole that created the four-way tie. Berger got a small consolation prize, moving inside the top 125 to keep a full PGA Tour card for 2025 when the fields will be smaller and only the top 100 will keep cards. Henrik Norlander, who was No. 126 in the FedEx Cup last year, had a 63-68 weekend and joined Berger as the two players who moved into the top 125. For Joel Dahmen, it was a matter of staying there. He was at No. 124 coming into the final tournament, had to make a 5-foot par putt just to make the cut on the number and then delivered a tee-to-green clinic — along with holing a 113-yard sand wedge for eagle early in his round — for a closing 64. It was enough to stay at No. 124 with nine points to spare. “Two of the biggest pressure moments of my career I showed up, and I can take that going forward,” Dahmen said. Clanton was a shot away from joining Nick Dunlap as amateur winners on the PGA Tour this year. Clanton, who has taken over as the top-ranked amateur in the world, now has two runner-up finishes and four top 10s in the seven PGA Tour starts the last five months. He had the look of a winner, especially with McNealy stuck in neutral, when he poured in birdie putts on the 14th and 16th holes to tie for the lead. But he tugged his approach to the 18th into bunker, blasted out nicely to 7 feet and stooped over in disbelief when he missed his par putt and had to settle for a 66 . “It’s going to be a tough one to definitely take, for sure, after bogeying the last,” Clanton said. “But I think it’s proven to me that out here I can win, so I’ll be training for that.” Echavarria, who won in Japan a month ago, had not made a bogey all day until going long on the 18th, chipping to 9 feet and catching the lip with his par putt. Michael Thorbjornsen was poised to move into the top 125 until he pulled his approach into the water on the par-5 15th hole and made bogey, closing with three pars for a 69. He tied for eighth and finished at No. 129. Thorbjornsen still has a full card next year from being No. 1 in PGA Tour University, but his status won't be as high. McNealy, son of Sun Microsystems co-founder Scott McNealy, had been doing some of his best work outside the ropes, particularly effecting a change in FedEx Cup points distribution to make it more equitable. Missing was a victory, and this one came down to the wire. He went out in 33 and led by two going to the back nine, and then it became a grind. He holed a 15-foot par putt from the fringe on the 11th to stay in the lead, and saved par after going bunker-to-bunker on the 13th. But he dropped a shot with an errant drive on the 14th, and when Echavarria birdied the 15th ahead of him, McNealy was out of the lead for the first time all day. He answered at just the right time, a 6-iron that covered the flag and settled just over 5 feet away. The victory gets him into three $20 million events over the first two months of the year, along with his first trip to the Masters. AP golf: https://apnews.com/hub/golf
HAYWARD, Calif.--(BUSINESS WIRE)--Dec 23, 2024-- Pulse Biosciences, Inc. (Nasdaq: PLSE), a company leveraging its novel and proprietary Nanosecond Pulsed Field AblationTM (nano-PFA or nsPFATM) technology, today announced that it intends to deliver an irrevocable notice of redemption, on or about December 27, 2024, to redeem the first tranche of common stock warrants, redeemable by the Company if the Company’s stock trading price exceeds $16.50 for twenty consecutive trading days, that were issued as part of its July 3, 2024 rights offering which are still outstanding as of February 5, 2025 (the “Redemption Date”). These outstanding common stock warrants (the “150% Warrants”), which were issued in the Company’s 2024 rights offering (the “Rights Offering”), pursuant to the Company’s Registration Statement on Form S-3, as amended (File No. 333-278494), may be exercised by the holders thereof until 6:30 p.m., Eastern time, on the Redemption Date, at the exercise price of $11.00 per share of Company common stock, $0.001 par value per share. Any 150% Warrants not exercised before 6:30 p.m., Eastern time, on February 5, 2025, will be redeemed by the Company for $0.01 per 150% Warrant share (the “Redemption Price”). Under the terms of the 150% Warrants, the Company has the right to redeem the 150% Warrants (CUSIP # 74587B135) if the volume weighted average price (as defined therein, “VWAP”) exceeds $16.50 per share for twenty (20) consecutive trading days at least three months after the date that the 150% Warrants were issued. This requirement was met for each of the twenty consecutive trading days preceding December 23, 2024. Over this period, the Company had an average VWAP of $18.85. Any 150% Warrants that remain unexercised at 6:30 p.m., Eastern time, on the Redemption Date, will be void and no longer exercisable, and the holders of those 150% Warrants will be entitled to receive only the Redemption Price of $0.01 per 150% Warrant share. The second tranche of common stock warrants issued in the Rights Offering (the “200% Warrants”) are not being redeemed at this time. The Company received aggregate gross proceeds of $60 million from its Rights Offering, which was completed in July 2024, and the Company will receive an additional $66 million of gross proceeds, if all of the 150% Warrants and all of the 200% Warrants (collectively, the “Warrants”) are exercised prior to the Redemption Date. None of the Company, its board of directors or employees has made or is making any representation or recommendation to any holder of any Warrants as to whether to exercise or refrain from exercising any Warrants. A registration statement, as amended, relating to the Rights Offering was previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective on May 31, 2024. A prospectus relating to the offering was filed with the SEC on and supplemented on June 4, 2024 and is available on the SEC’s website. The Company will post a copy of the notice of redemption being sent to the holders of the 150% Warrants on its investor relations website at investors.pulsebiosciences.com . Questions concerning redemption and exercise of the 150% Warrants can be directed to Broadridge Corporate Issuer Solutions, LLC, Attn: BCIS Re-Organization Dept., P.O. Box 1317, Brentwood, NY 11717-0718, telephone number 888-789-8409 or to shareholder@broadridge.com . No Offer or Solicitation This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any offer of any of the Company’s securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. About Pulse Biosciences® Pulse Biosciences is a novel bioelectric medicine company committed to health innovation that has the potential to improve the quality of life for patients. The Company’s proprietary CellFX® nsPFATM technology delivers nanosecond pulses of electrical energy to non-thermally clear cells while sparing adjacent noncellular tissue. The Company is actively pursuing the development of its CellFX nsPFA technology for use in the treatment of atrial fibrillation and in a select few other markets where it could have a profound positive impact on healthcare for both patients and providers. Pulse Biosciences is now headquartered in Miami, Florida and maintains its office in Hayward, California. Pulse Biosciences, CellFX, Nano-Pulse Stimulation, NPS, nsPFA, CellFX nsPFA and the stylized logos are among the trademarks and/or registered trademarks of Pulse Biosciences, Inc. in the United States and other countries. Forward-Looking Statements All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the Company’s planned redemption of outstanding warrants, statements concerning its expected product development efforts, statements about its Nanosecond Pulsed Field Ablation (nsPFA) technology to non-thermally clear cells while sparing adjacent noncellular tissue, as well as statements concerning customer adoption and future use of the CellFX System to address a range of conditions such as atrial fibrillation. These statements are not historical facts but rather are based on Pulse Biosciences’ current expectations, estimates, and projections regarding Pulse Biosciences’ business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” and other similar or related expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond Pulse Biosciences’ control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in Pulse Biosciences’ filings with the Securities and Exchange Commission. Pulse Biosciences undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223275716/en/ CONTACT: Investor Contacts: Pulse Biosciences Darrin Uecker, CTO or Kevin Danahy, CCO IR@pulsebiosciences.com or Gilmartin Group Philip Trip Taylor 415.937.5406 philip@gilmartinir.com KEYWORD: CALIFORNIA FLORIDA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: BIOTECHNOLOGY MEDICAL DEVICES HEALTH PHARMACEUTICAL CARDIOLOGY SOURCE: Pulse Biosciences, Inc. Copyright Business Wire 2024. PUB: 12/23/2024 04:30 PM/DISC: 12/23/2024 04:30 PM http://www.businesswire.com/news/home/20241223275716/enRepublicans lash out at Democrats' claims that Trump intelligence pick Gabbard is 'compromised'
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Katie Hennagir mixes art and business skills at Bay Window Quilt Shop
High political drama unfolded on Wednesday in South Korea with the country almost thrown into an indefinite period of martial law, a move which was swiftly overturned by the country’s lawmakers. While that decision could have had a damaging effect on the country’s advanced tech industry, halfway across the world, political developments in key South Korean ally, the US, which announced a new series of curb on chip exports to China this week is now expected to have only a limited impact on Korean chipmakers, mainly Samsung Electronics. On Monday the US announced a third set of restrictions on exports of chips to China, including curbs on China-bound shipments of high-bandwidth memory chips, necessary for high-end applications like AI training; new curbs on 24 additional chipmaking tools and three software tools; and new export curbs on chipmaking equipment made in countries such as Singapore and Malaysia, reported Reuters. The export ban covers HBM with a memory bandwidth density greater than 2 gigabytes per second per square millimetre. SK Hynix, Samsung Electronics and US-based Micron Technology are the only three chipmakers that make the HBM chips, and they will be barred from selling HBMs to China starting December 31. SK Hynix HBM3E Currently however, most of the up-to-date, high-value HBMs are sold not to China, but the US. Samsung reportedly generates about 20 per cent of its HBM chip sales from China. SK Hynix dominates the HBM market with a share of approximately 52 per cent, and supplies most of its products to TSMC in Taiwan, the majority of whose clients are based in the US, including Nvidia. Samsung, with a share of about 42 per cent in the HBM market, has reportedly been selling older HBM2 and HBM2E chips to China, as the country seeks to stockpile the advanced chips ahead of the enforcement of the US sanctions. The new curbs though would pressure Samsung to diversify its clientele and make up for lost orders from China. “Samsung should work to reduce uncertainties and hurry to secure deals with major US tech firms to supply its HBM3E and HBM4 chips,” Ahn Ki-hyun, an official at the Korea Semiconductor Industry Association said, according to the Korea Herald. While SK Hynix is the main supplier of the latest fifth-generation HBM3E chips to Nvidia, Samsung has hinted it will supply to Nvidia soon. Currently, the tech giant is delivering its HBM3E chips to AMD. Both Samsung and SK Hynix are expected to launch the next-generation HBM4 next year. “For now, the regulation is largely considered to have a limited impact. But given the potential of HBM products and the current market trends, the industry is missing out on potential customers,” an industry official said.