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…
(Reuters) -China’s chipmakers are seeking to triple the country’s output of artificial intelligence chips in 2026, rushing to reduce dependence on Nvidia, the Financial Times reported on Wednesday. Huawei aims to begin production at a plant dedicated to making AI chips by year end, with two more facilities set to launch in 2026, the newspaper…
Hong Kong stocks rose on Monday after US Federal Reserve chair Jerome Powell signalled the possibility of a rate cut next month and Shanghai relaxed its home-purchase policies. The Hang Seng Index added 2 per cent to 25,837.65 at 2pm local time, the biggest gain in two weeks. The Hang Seng Tech Index rose 3…
Chinese officials have summoned domestic companies, including major tech firms Tencent and ByteDance, over their purchases of Nvidia’s H20 chips, demanding explanations and expressing concerns about information risks. The Cyberspace Administration of China (CAC) and other agencies have also held meetings in recent weeks with Baidu and smaller Chinese tech companies. According to sources speaking…
TLDRs: China has threatened unspecified retaliation after Taiwan blacklisted Huawei and SMIC. Taiwan’s move marks a significant shift toward U.S.-aligned tech restrictions on China. Cross-strait economic ties complicate Beijing’s ability to strike back without self-harm. Taiwan is leveraging its semiconductor dominance as geopolitical leverage in the tech war. China has issued a stern warning to…