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The proposal comes as pressure mounts on ByteDance over TikTok's 'excessive' harvesting of users' data, which could be shared with Chinese authorities.
Democrat leaders are among a bipartisan group who urged Biden to issue an order to "safeguard our national security and supply chain resiliency on outbound investments to foreign adversaries."
A group of Chinese chip companies is seeking to provide alternatives to advanced chips made by top foreign chip designers such as Nvidia
The group has been buying crypto with illicit funds and selling it in US dollars for a profit. Police have frozen $42 million in connection with the case, Pandaily said.
Chaoqun, 31, was found to be gathering details on engineers and scientists in the US working on artificial intelligence, aerospace technology and aircraft carriers, reports said.
Before the pandemic Philippine offshore gambling operators, or POGOs, employed more than 300,000 Chinese workers
ByteDance has so far resisted US demands to divest TikTok, with the details of the new data security deal still being hammered out
The British government is due to make a final decision on the 63-million-pound takeover by Nexperia, a Dutch firm owned by China's Wingnut Technology, by October 3
Kwon faces allegations of defrauding customers, having lost $40 billion of investors' money after his firm Terraform collapsed earlier this year, TechCrunch said.
Companies such as Samsung, Xiaomi and Apple fear elevated costs and disruptions as the move requires hardware changes. They want the compliance date set back to 2025
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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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