Australia defended the AUKUS deal for nuclear subs with U.S. and U.K. tech. Infineon stressed Asia’s importance for chip growth, expanding in Southeast Asia. Ukraine’s raid captured 350 sq km in Russia, defying claims of halted advances.
Australia's Defense Chief Defends AUKUS Military Deal with U.S. and U.K.
Australia’s defense chief defended the AUKUS military deal, addressing concerns that nuclear-powered submarines would make Australia overly reliant on the U.S.
The updated AUKUS agreement grants Australia access to nuclear reactors, materials, and equipment.
Under “pillar one” of the agreement, Australia aims to purchase three Virginia-class submarines from the U.S. in the 2030s and build additional submarines with U.K. and U.S. technology, with a goal of deploying eight nuclear-powered subs by the 2050s.
Infineon’s CEO Highlights Asia’s Role in Chip Manufacturing Expansion
Infineon CEO Jochen Hanebeck emphasized Asia’s critical importance to the chipmaker’s growth strategy, particularly for AI and automotive chips.
The company is expanding production in Southeast Asia (Malaysia, Vietnam, Indonesia) and other key areas like India and Taiwan.
Infineon’s recent decision to expand chip production in Malaysia is based on achieving economies of scale, especially for power chip manufacturing.
Ukraine’s Cross-Border Raid into Russia Gains Ground
Since August 6, Ukrainian forces have seized over 350 sq km within Russia, with troops advancing into Sudzha and Korenevo.
Videos from social media reveal intense clashes, with scenes of destroyed infrastructure and Russian prisoners under Ukrainian guard.
Russian General Valery Gerasimov’s statement that Ukrainian forces were halted appears inaccurate, as Ukrainian elite brigades are pushing deeper.
Ukraine’s success has reportedly paralyzed Russian forces, with Ukrainian intelligence describing Russian leadership as corrupt and error-prone, especially in mechanized warfare, marking Russia’s fourth major setback in such operations.
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