Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a long-standing partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi ties with Washington are strained […]
China
Trade and investment ties between China and Gulf Arab states are expected to feature prominently in President Xi Jinping’s visit to Saudi Arabia this week as the region increasingly looks East to drive economic transformation at home for a post-oil era. China, the world’s biggest energy consumer, is a major trade partner of Gulf oil […]
Crown Prince Mohammed bin Salman hosts China’s leader this week at a delicate moment in U.S.-Saudi ties, signalling Riyadh’s resolve to navigate a polarised global order regardless of the wishes of its Western allies, analysts said. The ruler of the oil giant has made a comeback on the world stage following the 2018 murder of […]
Taiwan Semiconductor Manufacturing Co will offer advanced 4-nanometer chips when its new $12-billion plant in Arizona opens in 2024, spurred by U.S. customers including Apple Inc to do so, Bloomberg News reported on Thursday. TSMC is expected to announce the new plan when U.S. President Joe Biden and Commerce Secretary Gina Raimondo visit Phoenix for […]
China opposes the U.S. Federal Communications Commission’s ban on new Chinese telecommunications equipment sales, the commerce ministry said on Thursday, vowing to adopt necessary measures to safeguard the rights of its domestic firms. The Biden administration on Friday banned the sale or import of new telecommunications equipment from China’s Huawei Technologies and ZTE, citing national […]
The United States has been a leader in microchip design with dominant companies like Nvidia, Intel and Qualcomm, but it risks a big drop in global market share without government support for the sector, warned a report released on Wednesday. The U.S. share of chip design revenue has been slipping in recent years, dropping to […]
Tesla Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options. With electric cars quickly gaining popularity among masses, models priced below $50,000 are in big demand, an area where the world’s most valuable automaker “does not yet truly compete”, […]
When officials from his Chinese village approached Hou last month, urging him to work at the world’s largest iPhone factory for at least twice the usual pay, he knew it was risky. Tens of thousands of workers had fled the plant in central China in previous weeks and violent protests had erupted over a COVID-19 […]
U.S. stocks ended sharply lower on Monday after protests in major Chinese cities against strict COVID-19 policies sparked concerns about economic growth, while Apple Inc slid on worries about a hit to iPhone production. Shares of the Cupertino, California tech giant lost 2.6 percent and weighed heavily on the benchmark S&P 500 index as worker […]
The Biden administration has banned approvals of new telecommunications equipment from China’s Huawei Technologies and ZTE because they pose “an unacceptable risk” to U.S. national security. The U.S. Federal Communications Commission said on Friday it had adopted the final rules, which also bar the sale or import of equipment made by Chinese surveillance equipment maker […]