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Nvidia, Zotac and HP want to end import fees for graphics cards

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Nvidia, Zotac and HP want to end import fees for graphics cards

Fee is not a word that makes you feel good, as it is usually associated with additional fees that are not to the liking of those who are obligated to pay them. Even in large companies for which money is not always important.

Thus, brands Nvidia, Zotac and HP are now asking to suspend fees for importing graphics cards.


Nvidia, Zotac and HP Want to End GPU Import Fees

Nvidia, HP, Zotac and other similar companies ask The United States government will exempt graphics cards and other electronic equipment imported from China from 25% import tax. These fees increased the value of technology products shipped both overseas and into the North American market.

This figure is the result of the trade war between the United States and China. However, companies accuse China of wanting control over raw materials, manufacturing and logistics. Data released last year shows that 85% of all mined minerals will have to pass through China during production. As a result, this pass made the raw materials more expensive after the tax was applied.

A Zotac He added that efforts to relocate manufacturing facilities to Taiwan have been hampered by China's control over much of its raw material production.

In turn, HP highlighted China's existing dependence on the semiconductor industry, namely in the later stages of chip manufacturing, testing and labor-intensive tasks, the latter giving the advantage of cheap labor in an Asian country.

In the comments to USTR (United States Sales Office) Nvidia He added that the current trend in shipping routes around the world is also worrying.

The US Trade Office said it will review every request. The criteria will determine whether a particular product will remain available only in China, or whether the exclusion will result in serious economic harm to competing companies or US interests, including impact on small businesses, jobs, manufacturing, and major supply chains.

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Economy

ERSE bans the cost of the Iberian contract mechanism from being included in electricity bills until April 26 – ECO

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ERSE bans the cost of the Iberian contract mechanism from being included in electricity bills until April 26 - ECO





ERSE bans the cost of the Iberian contract mechanism from being included in electricity bills until April 26 – ECO































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Economy

Kazakhstan is preparing to supply oil to Azerbaijan instead of Russia – Oil

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Kazakhstan is preparing to supply oil to Azerbaijan instead of Russia - Oil

In the international oil market, a new adjustment of black gold routes may occur. Kazakhstan is preparing to export its oil via Azerbaijan’s largest oil pipeline to circumvent Russia’s threat to close the Black Sea port of Novorossiysk.

After a Russian court threatened to cut off an oil route through which Kazakhstan exports black gold to the world, Astana is preparing to ship its oil from Azerbaijan’s largest oil pipeline as early as September, sources close to the case say, citing Reuters.

For about two decades, Kazakh oil, which accounts for 1% of the world’s oil reserves, was transported through the CPC (Caspian Pipeline Consortium) pipeline, which was sent to the Russian port of Novorossiysk on the Black Sea, from where the oil was shipped. the rest of the world.

However, in July a Russian court threatened to shut down the CPC pipeline to Kazakhstan, prompting the Astana government and foreign companies operating in the country’s oil sector to reach out to other possible partners to ensure that if Russia ceases to act as a bridge between Kazakhstan’s oil and the world There may be other transportation options.

Thus, one of the sources assured Reuters that the Kazakh oil company Kazmunaigas (KMG) is negotiating with the Azerbaijani side to export 1.5 million tons of oil per year through the Azerbaijani pipeline, which transports raw materials to the port of Ceyhan. , Turkey. The contract is to be signed in August, and oil on this route is to start in September.

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However, these agreements may not be enough to ensure that the world receives the same number of barrels of oil from Kazakhstan as before Russia’s possible production cuts.

According to the British agency, this partnership will bring 30,000 barrels of oil per day to countries buying Kazakh oil, which is very small compared to the 1.4 million barrels per day currently transported by CPC.

In addition, two other sources report that Astana is in talks to have another 3.5 million tons of crude oil annually exported via another pipeline to the port of Supsa in the Black Sea region from Georgia starting next year. In a Reuters report, KMG representatives declined to comment on the issue.

Kazakhstan can make a difference in the uncertain future

By seeking to sign these agreements, Kazakhstan can not only ensure its own economic viability, but also ensure that the imbalance between supply and demand for oil on the international market does not worsen.

Oil consumption is expected to rise to 2.1 million barrels a day this year, up 300,000 barrels from the previous forecast, according to International Energy Agency data released this Thursday.

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Caixa Geral de Depósitos may close 23 branches this month – Executive Digest

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The union of workers of the CGD group companies, STEC, has published information received from the administration of Caixa Geral de Depósitos (CGD), announcing that the bank intends to further cut costs and close 23 more branches during August, with more frequency in the Lisbon and Porto areas .

The union warns that with this closure there will be an “inevitable congestion” of other branches in these areas, pointing out that even now they are having difficulty responding to services and recalling that from 2012 to 2022 they left CGD more than 3,300 workers and 300 branches were closed in Portugal.

STEC points to the government’s statement that it “cannot abdicate its responsibility for territorial integrity” and that “it is essential that the state defines the strategic direction that the bank must take, namely its responsibilities in terms of the public interest “. … and the needs of the population, guaranteeing them a service of proximity and quality.”

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