A U.S. order to ban exports of some advanced chips to China is likely to hit almost any major tech company running public clouds or advanced AI chips for training modules in the country, experts said. Chip designer Nvidia Corp said on Wednesday that U.S. officials told it to stop exporting two top computing chips […]
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New restrictions on exports of cutting-edge chips from Nvidia Corp to China have signaled an escalation of the U.S. crackdown on Beijing’s technological prowess and alarmed investors already worried about an industry downturn. Shares of Nvidia fell 11 percent to $133.46 on Thursday, wiping out more than $40 billion in market value and dragging the […]
U.S. federal prosecutors asked Binance, the world’s largest cryptocurrency exchange, to provide extensive internal records about its anti-money laundering checks, along with communications involving its chief executive and founder Changpeng Zhao, according to a late-2020 written request seen by Reuters. The Justice Department’s money laundering section asked Binance to voluntarily hand over messages from Zhao […]
Amazon and Alphabet unit Google criticised Microsoft’s cloud computing changes on Tuesday, saying they limit competition and discourage customers from switching to rival cloud service providers. The U.S. software giant on Monday announced amended licensing deals and other changes that will take effect on Oct. 1 and which they say will make it easier for […]
Republican Senator Marco Rubio on Monday blasted U.S. regulatory approval of a bid by chip intellectual property company Alphawave to purchase U.S.-based OpenFive, over alleged national security risks posed by the buyer’s ties to China’s Wise Road Capital. On Friday, the Toronto and London-based Alphawave, which licenses its technology to chipmakers, said it had received […]
Japan needs over $24 billion in investment from both the public and private sectors to develop a competitive manufacturing base for batteries used in areas such as electric vehicles (EVs) and energy storage, the industry ministry said on Wednesday. A specialist panel tasked with formulating battery strategy also set a target of securing 30,000 trained […]
As a twin-turboprop aircraft takes off under the burning desert sun with dozens of salt canisters attached to its wings, United Arab Emirates meteorological official Abullah al-Hammadi scans weather maps on computers screens for cloud formations. At 9,000 feet above sea level, the plane releases salt flares into the most promising white clouds, hoping to […]
Reliance Industries Ltd’s Jio will begin rolling out 5G services for its subscribers in the next two months, India’s top telecom company said on Monday. The company has committed 2 trillion rupees ($25 billion) to roll out the 5G services, Chairman Mukesh Ambani said at the company’s annual general meeting. The company will start rolling […]
Ericsson said on Monday it will gradually wind down business activities in Russia over the coming months as the Swedish telecoms equipment maker completes its obligations to customers. The company, which suspended its business in Russia indefinitely in April, said it has about 400 employees in Russia and would provide financial support to affected employees. […]
Dell Technologies Inc. said on Saturday it had ceased all Russian operations after closing its offices in mid-August, the latest in a growing list of Western firms to exit Russia. The U.S. computer firm, a vital supplier of servers in Russia, has joined others in curtailing operations since Moscow sent tens of thousands of troops […]