British Prime Minister Rishi Sunak said on Friday he was talking to the United States and European Union about the U.S. Inflation Reduction Act amid concern it could make European markets uncompetitive. There are concerns in Europe that the United States’ $369 billion of subsidies for electric vehicles and other clean technologies could put companies […]
Geopolitics
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 […]
The Biden administration on Thursday added 37 companies to a trade blacklist, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that […]
A set of bumper earnings reports from the likes of Baidu Inc and other Chinese internet giants isn’t impressing hedge funds and other investors who have cut exposure to the stocks and seem to be waiting for more good news. For the now, investors remain wary of a market overshadowed by simmering Sino-U.S. tensions over […]
JPMorgan is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with […]
In the grand scheme of things, artificial intelligence (AI), as it currently is, is still a newborn, a toddler at most. However, its potential power has nations racing to achieve true AI power. As things stand, AI will be as important as many of the usual factors determining where a country sits on the geopolitical […]
The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools, several people familiar with the matter said. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies — KLA Corp, Lam […]
Samsung Electronics Co Ltd is seeking a “common denominator” as it navigates restrictions on U.S. tech exports to China where the South Korean firm makes chips, with potential challenges including bringing in new chip-making equipment. The United States is considering limiting shipments of such equipment to memory chip makers in China to slow technological advances […]
High-profile universities and state-run research institutes in China have been relying on a U.S. computing chip to power their artificial intelligence (AI) technology but whose export to the country Washington has now restricted, a Reuters review showed. U.S. chip designer Nvidia Corp last week said U.S. government officials have ordered it to stop exporting its […]
The United States beefed up its effort to cut off the flow of advanced technology to China by instructing Nvidia Corp and Advanced Micro Devices to stop sending their flagship artificial intelligence chips there. While the news shocked the chip sector by the time markets closed Thursday, sending the Philadelphia semiconductor index down 1.9 percent […]