Latest: Fintech News
Republican chair of influential House panel calls for harsher curbs after the discovery of new chips in Huawei phones "that may violate trade restrictions"
Sources said the catastrophic malfunction happened after an update of the automaker's parts ordering system
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
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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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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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