Good morning. It's Wednesday, Aug. 10, and we're covering a surprise announcement from a tennis icon, devastating floods in South Korea, and much more. Have feedback? Let us know at [email protected]. |
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Tennis star Serena Williams announced she will depart from the sport yesterday, hinting the US Open will be her final tournament and saying she wants to focus on family and spiritual goals.
Widely considered one of the greatest tennis players of all time, the 40-year-old athlete is a 23-time Grand Slam champion, having first won the US Open in 1999. She also walks away with the female record of 365 Grand Slam match wins, as well as 73 singles titles (855-153 record) and 23 doubles titles (192-34 record). In addition, her total prize earnings of more than $94M are twice as much as any other female athlete. Her final US Open (beginning Aug. 29) will give her a chance to tie the record of 24 Grand Slam titles set by Margaret Court. See career stats here.
Her early life was documented in the movie “King Richard,” which follows her father’s journey coaching his daughters in Compton, California.
Williams delivered the news via an essay for Vogue, saying she is evolving from the sport and resisting the word “retirement.” |
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Historic Rains in South Korea
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At least nine people died and six were missing in South Korean floods yesterday, the heaviest rains to fall in the country since records were first kept in 1942. Rain is expected to continue through Thursday.
Subway stations around Seoul, where half of the nation's 52 million people live, filled with water as cars became submerged on roadways and hundreds were evacuated. Almost 18 inches of rain poured in parts of the country, surpassing the average monthly rainfall of 13 inches in just one day. At one point, more than 5 inches of rain fell per hour, leading to nearly 50 landslide warnings and closing off hundreds of hiking paths.
Rain also fell north of the border in North Korea, where officials broke a 2009 agreement by opening a dam's floodgates without warning South Korea. Waters at one bridge near the border rose to 17 feet, almost four times the typical water depth.
See photos of the floods here. |
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Micron's $40B Chip Investment
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Micron Technology, a Boise, Idaho-based chipmaker, yesterday announced plans to invest $40B in memory chip manufacturing in the US through 2030—the largest investment in memory manufacturing in history. Micron expects to grow the US market share of global chip production from less than 2% to up to 10% through the creation of 40,000 jobs and with production slated to begin in the second half of the decade.
The announcement follows a similar move from Intel, which earlier this year revealed plans to invest up to $100B to build a chip manufacturing facility in Ohio. Qualcomm and GlobalFoundries also announced a new partnership, which includes a $4.2B investment in manufacturing chips.
The companies have said they plan to leverage funds from the CHIPS-plus act, a $280B research and development package that includes more than $50B to support US semiconductor manufacturing. President Joe Biden signed the package into law yesterday. |
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