By Doina Chiacu, Maiya Keidan and Alexandra Alper (Reuters) -Washington’s decision to delay a rule on export restrictions for Chinese companies, announced by China after Thursday’s summit meeting with U.S. President Donald Trump, could end up making the measure ineffective, former U.S. officials said. The one-year suspension of the so-called affiliates rule, which had sought…
By Doina Chiacu and Alexandra Alper (Reuters) -The U.S. will suspend for one year a new measure that vastly expanded the number of Chinese firms facing tough restrictions on access to U.S. technology, U.S. Treasury Secretary Scott Bessent said on Thursday. The move, agreed as part of President Donald Trump and Chinese leader Xi Jinping’s…
By Xinghui Kok KUALA LUMPUR (Reuters) -Top economic officials from the U.S. and China will face off in Kuala Lumpur on Saturday to try to avert an escalation of their trade war and ensure that a meeting happens next week between U.S. President Donald Trump and Chinese President Xi Jinping. The talks on the sidelines…
Nvidia (NVDA) shares fell nearly 3% Wednesday after a Financial Times report claimed China’s regulators banned Chinese tech firms from purchasing some of the AI giant’s chips. The Cyberspace Administration of China has told companies, including ByteDance and Alibaba, to end their testing and orders of the RTX Pro 6000D, the Financial Times reported on…
By Liam Mo and Brenda Goh BEIJING/SHANGHAI (Reuters) –Nvidia‘s (NVDA) RTX6000D, its newest artificial intelligence chip tailored for the Chinese market, has seen only lukewarm demand with some major tech firms opting not to place orders, two people with knowledge of procurement discussions said. The RTX6000D, designed mainly for AI inference tasks, is seen as…
This article first appeared on GuruFocus. Alibaba (BABA, Financials) is testing a new artificial intelligence chip that could give Chinese firms more options as access to Nvidia hardware remains restricted, the Wall Street Journal reported Friday. The chip is built by a Chinese manufacturer and is more versatile than Alibaba’s earlier AI processor, which had…
In another show of support for China’s private sector, Beijing has released the details of a speech from President Xi Jinping which included vows the country would guarantee a level playing field for private firms, safeguard entrepreneurs’ lawful rights and interests, and step up efforts to solve their long-standing challenges, including overdue payments. The full…
By Andrew Silver SHANGHAI (Reuters) -Pharmaceutical research and development firms in China are increasingly interested in procuring critical supplies known as reagents from local manufacturers, industry executives and managers said, as they seek to cut costs and delivery times. Western reagent suppliers including U.S.-based Thermo Fisher Scientific and Germany’s Merck have profited in the world’s…
By Aditya Soni (Reuters) -U.S. President Donald Trump on Thursday demanded the immediate resignation of new Intel CEO Lip-Bu Tan, calling him “highly conflicted” due to his ties to Chinese firms and raising doubts about plans to turn around the struggling American chip icon. Reuters reported exclusively in April that Tan invested at least $200…
By Chen Aizhu and Ahmed Rasheed SINGAPORE/BAGHDAD (Reuters) -China’s independent oil companies are ramping up operations in Iraq, investing billions of dollars in OPEC’s number two producer even as some global majors have scaled back from a market dominated by Beijing’s big state-run firms. Drawn by more lucrative contract arrangements, smaller Chinese producers are on…