US and Japan Announce Joint Partnership to Accelerate Nuclear Fusion

US President Joe Biden and Japanese Prime Minister Fumio Kishida listen to translation during their meeting in the Oval Office of the White House in Washington, US, April 10, 2024. (Reuters)
US President Joe Biden and Japanese Prime Minister Fumio Kishida listen to translation during their meeting in the Oval Office of the White House in Washington, US, April 10, 2024. (Reuters)
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US and Japan Announce Joint Partnership to Accelerate Nuclear Fusion

US President Joe Biden and Japanese Prime Minister Fumio Kishida listen to translation during their meeting in the Oval Office of the White House in Washington, US, April 10, 2024. (Reuters)
US President Joe Biden and Japanese Prime Minister Fumio Kishida listen to translation during their meeting in the Oval Office of the White House in Washington, US, April 10, 2024. (Reuters)

The United States and Japan announced a joint partnership to accelerate development and commercialization of nuclear fusion, the US Department of Energy said on Wednesday.

The partnership was announced as Japanese Prime Minister Fumio Kishida was in Washington for a summit with President Joe Biden.

US Deputy Secretary of Energy David Turk and the Japan Minister of Education, Sports, Science and Technology Masahito Moriyama, met in Washington on Tuesday to discuss fusion.

The partnership is intended to focus on addressing scientific and technical challenges of delivering commercially viable fusion.

Scientists, governments, and companies have been trying for decades to harness fusion, the nuclear reaction that powers the sun, to provide carbon-free electricity. It can be replicated on Earth with heat and pressure using lasers or magnets to fuse two light atoms into a denser one, releasing large amounts of energy.

Unlike plants that run on fission, or splitting atoms, commercial fusion plants, if ever built, would produce little long-lasting radioactive waste.

The two countries will also agree to support sustainable aviation fuel in a statement from the summit, two sources with knowledge of the talks between the countries said.



Apple’s China Market Share Shrinks as Huawei Surges, Data Shows 

A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
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Apple’s China Market Share Shrinks as Huawei Surges, Data Shows 

A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)
A woman walks past a logo of Apple Inc in Wuhan, Hubei province July 24, 2013. (Reuters)

Apple's market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to data from market research firm Canalys.

The decline underscores the difficulties the US tech giant faces in its third-largest market.

Huawei's smartphone shipments surged 41% year-on-year in the quarter, bolstered by the launch of its new Pura 70 series in April.

The Canalys data, while not providing specific shipment figures for Apple, showed that the company's market share in China dropped to 14% in the second quarter of 2024, a decrease from 16% in the same quarter of 2023.

As a result of this decline, Apple's ranking in the Chinese smartphone market fell from third to sixth place.

Overall, China's smartphone shipments rose by 10% in the quarter, Canalys said. Vivo was the top vendor with a share of 19%, followed by Oppo, Honor and Huawei with 16%, 15% and 15% respectively.

"Domestic manufacturers have demonstrated market leadership, occupying the top five positions in the mainland Chinese market for the first time in history," said Lucas Zhong, research analyst at Canalys.

"On the other hand, Apple faces growth pressure in the Chinese market and is actively focusing on optimizing channel management."

Huawei made a comeback to the high-end smartphone segment last August with the release of a device powered by a domestically-made chip, defying US sanctions that have cut off its access to the global chipset supply chain.

In an effort to boost sales, Apple has ramped up its discounting efforts this year to entice consumers. The US company launched an aggressive campaign in May, doubling the scale of an earlier promotion in February and offering price cuts of up to 2,300 yuan ($318.84) on select iPhone models.

Analysts expect Huawei's strong performance to continue throughout the year. Canadian research firm TechInsights projected earlier this year that Huawei's overall smartphone shipments in China will exceed 50 million units in 2024, with the Pura 70 series accounting for 10 million of those shipments.

That would make Huawei the No. 1 seller with a 19% market share, up from 12% in 2023, TechInsights has said.