Kamala Harris gears up for a prospective presidential campaign. Topics include her chances against Trump, Samsung's labor crisis affecting semiconductor market, luxury brands offering discounts in China.
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Security concerns heightened after failed assassination attempt on Donald Trump highlight operational failures within the Secret Service.
Samsung faces challenges in semiconductor market due to labor crisis impacting chip production, risking market competitiveness against rivals.
Deep dives
Security Concerns in the Secret Service
The recent assassination attempt on former President Donald Trump has raised serious security concerns regarding the Secret Service. Kimberly Cheetle, head of the Secret Service, faced Congress to address the operational failure leading to the incident. Lawmakers expressed frustration over unanswered questions and demanded accountability for the breach. Despite calls for resignation, Cheetle vowed to hold those responsible for the lapse in security accountable.
Kamala Harris's Presidential Campaign
Vice President Kamala Harris emerges as a key figure in the upcoming presidential election, gathering endorsements and campaign funding. Harris, with a background in law enforcement and politics, presents herself as a candidate of 'firsts,' potentially becoming the first female, Asian-American, and second black president. Her campaign focuses on tackling legal issues, reproductive rights, and emphasizing her debate capabilities. However, she faces challenges regarding Biden's administration baggage and critical issues like inflation and immigration.
Samsung's Challenges in Chip Industry
Samsung, a major player in the semiconductor market, faces obstacles in memory and logic chip production, particularly high-bandwidth memory chips crucial for AI systems. Struggles in developing cutting-edge chips have led to internal unrest and labor strikes, impacting production. Samsung's competitiveness against rivals like TSMC is at risk, affecting not only its market position but also potential global implications for semiconductor supply diversification.
The US Congress interrogated its Secret Service chief yesterday, and Kamala Harris is gearing up her prospective presidential campaign. Plus, the FT’s Christian Davies explains how Samsung’s labour crisis is complicating its efforts to capitalise on a booming market for semiconductors.
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help from Mischa Frankl-Duval, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Our intern is Prakriti Panwar. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.