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…
Tech giants will now face major fines in Japan if they fail to give access to third-party smarthphone apps and payment systems on their platforms – Copyright AFP/File STAFF Facebook, with over 3 billion users, is the most widely banned major app worldwide, being blocked in seven countries, including North Korea and Russia. Across social…
The United States on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker SMIC, including them among 32 entities that were added to the Commerce Department’s restricted trade list, according to a US government posting. Twenty-three of the 32 were in China. GMC Semiconductor Technology (Wuxi) Co and Jicun Semiconductor Technology were placed on the list, formally known as…
President Trump has unexpectedly retracted his nomination of Landon Heid for a chief role in the ongoing U.S.-China technology conflict, sparking discussions about possible shifts in the administration’s approach to China. Heid’s withdrawal from the position of assistant secretary for export administration at the U.S. Department of Commerce was confirmed via the Congress.gov website….