China’s tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins to counter the growing sway of U.S. dollar-linked cryptocurrencies, people with direct knowledge of the discussions said. Source link
Trump’s administration lifted recent export license requirements for chip design software sales in China. President Donald Trump’s administration has lifted recent export license requirements for chip design software sales in China, as Washington and Beijing implement a trade deal for both countries to ease some restrictions on critical technologies, News.Az reports, citing Bloomberg. The…
SUNNYVALE, Calif., July 2, 2025 /PRNewswire/ — Today, Synopsys, Inc. (Nasdaq: SNPS) issued the below statement in connection with the lifting of recent U.S. export restrictions related to China. On July 2, Synopsys received a letter from the Bureau of Industry and Security of the U.S. Department of Commerce informing Synopsys that the export restrictions related…
China is ready to install a large impulse turbine at the Datang Zala Hydropower Station in Tibet autonomous region, according to the official Science and Technology Daily. The home-grown turbine, with a maximum capacity of 500 megawatts, has the world’s largest single-unit capacity, according to the report on Wednesday. Two turbines will be installed at…
Beijing has made it clear that it opposes “hyping up the so-called Chinese spies narrative” after two Chinese nationals were arrested in the US for espionage. Foreign ministry spokesperson Mao Ning, speaking to the media post the arrests on Wednesday, said that she was not aware of the specifics but opposes hyping up this narrative….
U.S. chip software maker Synopsys said that the U.S. government has rescinded its export restrictions on chip-design software to China. Its rival, Cadence, also confirmed the reversal and was “restoring access to our software and technology to affected customers.” The U.S. had reportedly told several chip design software companies on May 23 that they were…
Social media users in China have backed Elon Musk, celebrating him for challenging US President Donald Trump amid rising tensions between the two. The tech billionaire has stirred up online excitement in China after he criticised Trump’s sweeping tax and spending legislation and threatened to launch his own political platform. Elon Musk, CEO of Tesla…
Chinese technology stocks rallied on Thursday, with the Shenzhen Component climbing 0.5% to above 10,460, following reports that the US has lifted certain export restrictions on chip design software to China. In May, US authorities had instructed several chip design software firms to seek licenses before exporting tools and semiconductor-related chemicals to Chinese companies. The…
The Trump administration has lifted at least some export license requirements for chip design software sales in China, as Washington and Beijing implement a trade deal designed to see both countries ease flows of critical technologies. Source link
Ford is closing plants! Jim Farley, Ford’s CEO, mentioned the company has been forced to temporarily close several plants due to issues with the supply chain. This situation, primarily related to trade tensions between China and the United States, and the lack of key minerals for vehicle manufacturing, highlights the company’s vulnerability in theautomotive industry…