The development follows sanctions-hit Huawei's success in building an advanced 7-nanometer processor, in collaboration with state-backed SMIC

The landmark deal, signed when Beijing and Washington established diplomatic ties in 1979, needs to be renewed about every five years and is currently set to expire later this week

The more than 300-page document mentioned "PRC" 130 times and "China" 222 times, as it outlined risks and uncertainties emanating from the ongoing chip war between Beijing and the West

Chinese firms are desperate to develop their own innovations as trade tensions with the West and its neighbours continue to escalate

The move has racked up costs for makers of drones in the country, with around 70% of goods in the supply chain currently being made in China

A return to profit could ease pressure on SoftBank founder and CEO Masayoshi Son, who revealed in June plans to shift to "offence mode" amid excitement over advances in AI

Two sources said briefings were expected on Monday, with the announcement on Tuesday, while a former official said the US should be prepared for retaliation by Beijing

SMEE, China’s only potential competitor to the Netherlands' world-leading lithography machine maker ASML, is expected to deliver the country's first 28nm lithography machine

The proposed rules spurred a fall in shares in Hong Kong-listed Chinese tech firms, with Bilibili and Kuaishou plunging nearly 7% and 3.5% respectively

Once an illustrious Chinese technology giant, Ant is emerging from a near three-year-long regulatory crackdown that started with the shelving of its planned mega listing in 2020

The deal is win for Xpeng, one of the smaller players in China's EV sector, that is less than a decade old

The battery giant is shadowed by increasing competition from rivals like BYD, a capacity glut with its production facilities and headwinds in its efforts to expand globally