The Biden administration is working to further tighten restrictions on exporting semiconductor manufacturing gear to China, Bloomberg News reported on Friday citing people familiar with the situation. The government has briefed U.S. companies about the plan and told them it expects to announce the restrictions as early as next month, the report said. The Biden […]
China
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and business-friendly, the 63-year-old Li faces the daunting task […]
Suppliers to Dutch chip-making machines giant ASML Holding NV are considering building plants in Southeast Asia instead of China amid political tensions between Beijing and the West, according to two sources and documents seen by Reuters. Officials from a dozen tech companies are set to visit Vietnam, Malaysia and Singapore next week, according to a […]
The European Union is a global frontrunner in cutting carbon emissions but is also moving to ensure the green transition doesn’t make it an industrial desert, with a raft of measures due to be announced next week. Europe’s industrial competitiveness in relation to the United States and China, the world’s two biggest economies, has become […]
German rail operator Deutsche Bahn, which is digitising its operations, last December awarded a 64 million euro ($67.79 million) contract to supply most of the components for its new IP network to a company using technology from China’s Huawei. The IP network will form the backbone of a new digital infrastructure that will enable the […]
India could become a key supplier of electronic parts and hardware for the United States, U.S. Commerce Secretary Gina Raimondo said on Friday, adding that Washington was not seeking a “technological decoupling” from China. Raimondo’s visit to New Delhi comes amid increasingly tight U.S. export restrictions on chipmaking technology to China which Washington says are […]
China’s rubber-stamp parliament, the National People’s Congress (NPC), wraps up on Monday, capping what is expected to be the biggest government reshuffle in a decade after setting a modest target for annual economic growth. Coming months after President Xi Jinping secured a norm-breaking third term as supreme leader, the sessions will further consolidate his authority […]
It’s crunch time at Tesla Inc, where Elon Musk is looking to crack the code for making better, cheaper batteries. The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest battery cells, even as the company struggles with battery-related performance and production issues […]
Tesla Inc is pioneering a new battery manufacturing process called dry electrode coating that it is applying to its new 4680 battery cells. The dry process, which Tesla obtained via its 2019 acquisition of California startup Maxwell Technologies, replaces a traditional, complicated step of battery manufacturing that involves coating the electrode foil with a wet, […]
U.S. Energy Secretary Jennifer Granholm said the United States and the European Union were in talks about a free trade-style deal around clean technology, the Financial Times reported on Friday. “We don’t want to see any trade rivalry. And we’re in discussion with our EU counterparts about how to make sure we can do this […]