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State media said the investment was a clear sign of Beijing's push to end the country's reliance on foreign semiconductor firms
Foreign envoys complain of lack of access to officials and scholars as geopolitical tensions simmer and officials become wary of contact amid a ramped up security drive and rising anti-Western sentiment
Guterres warned of fragmentation "in world economic and financial systems" amid differing views on technology and security; he also urged solutions for poor nations' debt and climate change
Domestic big tech rivals including Baidu Inc and SenseTime Group released their AI chatbots last week
Sources say staff were given instructions to also not use other foreign-branded devices or bring them into the office
Analysts expect more debate in the US on the effectiveness of chip curbs and the possibility of Congress including harsher sanctions in a competition bill it is preparing against China
The Taiwanese tech giant blamed falling smartphone sales after its revenue in August fell 8% year-on-year and was down 12% on the previous month
The development follows sanctions-hit Huawei's success in building an advanced 7-nanometer processor, in collaboration with state-backed SMIC
Reports that Huawei's latest smartphone has 5G capabilities has sparked questions on the effectiveness of US sanctions and whether chip curbs on China should be expanded
US officials from various agencies say Chinese intruders without proper authorization have been found at multiple US bases and sensitive sites in recent years, according to a new report
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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