Bloomberg Businessweek

Featuring some of our favorite conversations of the week from our daily radio show "Bloomberg Businessweek Daily."
Hosted by Carol Massar and Tim Stenovec

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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
SK Hynix Inc. is considering new ways of selling access to its memory chips, including a concept called “memory as a service,” suggesting customers could rent usage from the South Korean company rather than purchasing the actual semiconductors. “We could actually deliver some other business models,” SK Group Chairman Chey Tae-won said in an interview with Bloomberg Television. “We could be memory servicers, memory as a service. In the future, that is another area where we could actually focus.”
Chey, whose company controls SK Hynix, made the comments after the South Korean chipmaker raised $26.5 billion with its American depositary receipt offering, the largest ever US first-time share sale by a foreign company. SK Hynix’s ADRs opened about 14% above their offering price.
Chey didn’t specify exactly how such a business model would work and said new software would be needed to enable it. But tech companies have run “software as a service” businesses and other variations in which clients can pay usage fees to access software or computing power rather than buy it outright. Chey said the goal of such a new service would be to solve the bottleneck of memory capacity.
On this episode, Carol Massar and guest host Isabelle Lee speak with:
Ed Ludlow, Bloomberg Tech Host
Nina Trentmann, Bloomberg News Senior Editor AND Chris Stansbury, CFO, Lumen on Lumen's Data-Center Fiber Deals, Alkira acquisition
Stuart Paul, Bloomberg Economics US & Canada Economist on Fed’s Warsh Names Leadership for Five New Task Forces
Richard O'Brien, GM at Giesen Wine on Giesen’s early entry into the non-alcoholic wine category and the evolution of Giesen 0% into the #1 premium NA wine brand in the U.S.
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The US is trying to rebuild its domestic supply chain for rare earth elements, but is facing a challenge in finding talent to run the facilities. Rare earth plants are complicated and expensive to build, and chemical engineers and metallurgists experienced in rare earths have nearly gone extinct in America. The federal government and universities are trying to rebuild the pipeline of skilled workers, but the US produces far fewer mining graduates than China, and the industry faces an economic hurdle in attracting specialists.

For more, Carol and guest host Lisa Mateo speak with Jacob Lorinc, Bloomberg News Mining & Metals Reporter
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.

The US military attacked Iran for a second day and Tehran retaliated against American allies in the Persian Gulf, raising fears of a return to war after little progress in efforts to secure a diplomatic outcome.US Central Command said on X about 90 targets were hit overnight — after 80 the previous day — “to further degrade” Iran’s ability to attack commercial shipping in the Strait of Hormuz. Iran reported strikes on the perimeter of a nuclear power plant and two railway bridges connecting the capital to the city of Mashhad, where former Supreme Leader Ali Khamenei is being buried on Thursday.

The Islamic Republic responded by targeting US bases in Bahrain, Kuwait and Qatar, according to the semi-official Iranian Students’ News Agency. Jordan intercepted eight Iran-launched missiles, according to that country’s state-owned TV.

Today's episode features:
Edward Fishman, Senior Fellow and Director of the Maurice R. Greenberg Center for Geoeconomics at the Council on Foreign Relations on Iran latest
Aaron Mulvihill, Global Alternatives Strategist at JPMorgan Asset Management on mkt reaction to Iran/tech trade, IPO and earnings outlook
Kurt Wagner, Bloomberg News Senior Technology Reporter on Zuckerberg Sets ‘Aggressive’ Price With Meta’s Pay-to-Use AI
Nancy Cook, Bloomberg News Senior National Political Correspondent on Democratic Infighting Puts Party’s Midterm Targets at Risk
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New Zealand’s farms are set to become a real-life laboratory for one of agriculture’s toughest climate challenges — reducing the methane cows and sheep belch. After years of research and investment, the country is on the cusp of giving farmers the first of a new generation of tools to curb the amount of the greenhouse gas livestock emit. Whether they can be deployed at the scale and speed needed to meaningfully reduce emissions and satisfy climate goals remains uncertain.

For more, Carol and guest host Bailey Lipshultz spoke with Tracy Withers, Bloomberg News Reporter
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