Tesla plans to slow production at its Shanghai plant in the last week of February to prepare for building a revamped version of its Model 3 sedan, according to a person with knowledge of the matter and a planning memo seen by Reuters. The move was first reported by Bloomberg News. The automaker has not […]
Reuters
China on Thursday put Lockheed Martin Corp and Raytheon Technologies Corp on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the two U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it says was […]
The world’s biggest factory and most populous nation has opened for business after three years, leading to a surge in demand as well as concerns it will add to global inflationary pressures. But economists say investors need not worry too much. China’s swift dismantling of a zero-COVID policy has come as global central banks are […]
Airbus, the world’s largest planemaker, is seeking to become the No. 1 investor in Atos’ soon-to-be spun-off division Evidian, France’s beleaguered IT consulting firm said amid scrutiny on an asset deemed strategic by the government. If successful, the deal would make Airbus the key industrial partner of Evidian and give it a say over the […]
The U.S. Justice Department has in recent months escalated its long-running antitrust probe on Apple Inc, the Wall Street Journal reported on Wednesday citing people familiar with the matter. Reuters previously reported the Justice Department opened an antitrust probe into Apple in 2019 to review whether technology giants were using their size to act in […]
Nokia and Kyndryl have extended their partnership for three years after clocking up more than 100 customers for automating factories using 5G wireless networks, following their first tie-up a year earlier. Big technology firms have been partnering with telecom gear makers such as Nokia to sell private 5G networks to customers, mostly in the manufacturing […]
ASML Holding NV on Wednesday warned growing global trade and export controls pose a threat to its business, but it does not expect new restrictions on exports to China to affect 2023 earnings. In a discussion of risks in its annual report, the top supplier of equipment to semiconductor makers outlined how it has already […]
The China Semiconductor Industry Association (CSIA), the country’s top chip industry trade group, opposes reported export controls from the United States, Japan and the Netherlands, it said on Wednesday. The restrictions, should they become a reality, “will cause serious harm to the semiconductor industry in China, with detriment to the global economy, as well as […]
Chinese chip design company Unisoc (Shanghai) Technologies Co is seeking to raise 10 billion yuan ($1.5 billion) in a new funding round that will value the firm at about 70 billion yuan ($10.3 billion), three people with knowledge of the deal told Reuters. Unisoc has approached several state-backed investment funds for the round, tapping increased […]
MTN Group will invest $1 billion in Ghana over the next five years, the mobile operator said on Wednesday, after the government exempted its Ghanaian unit from tax claims worth about $773 million. The investment comes on the heels of the Ghana Revenue Authority exempting the company’s bill for back taxes earlier this month after […]