The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

China’s economic czar He Lifeng made the comments in a meeting with Janet Yellen, which saw the US treasury secretary double down on chip sanctions, while also urging 'direct' communication

The South Korean tech giant estimated its Q2 operating profit fell to $459 million, the lowest for any quarter since the first half of 2009

Yellen expressed concern about "unfair" and "punitive" actions against US companies in China after a meeting on Friday with US business representatives in Beijing

Industry players forecast the move will weigh on domestic prices even as overseas prices of the thinly traded minerals – gallium and germanium – jumped this week

Firms across the globe are scrambling to assess the impact on supply chains from restrictions China announced this week, with a focus on finding alternatives for key components

Chinese analysts say Yellen's speech in April, which ranked national security interests as the top plank of America's bilateral economic policy, did not inspire optimism for the visit

Semiconductor firm Micron will begin work on a government-backed $2.75 billion chip assembly and test facility in Gujarat next month

On Tuesday, the EU voiced concerns over China's planned curbs on exports of some gallium and germanium products and expressed doubts that the move was related to national security

Former vice commerce minister says China's countermeasures will escalate if tougher tech restrictions are imposed. Analysts say they could extend to rare earth elements.

One German business chief said it must “end unilateral dependencies” after Beijing moved to restrict exports of rare metals key to making memory chips

The restriction is aimed at closing a crucial loophole in the export controls the US implemented in October that allowed Chinese AI firms to access high-end chips through the cloud