The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of…
Nvidia stock (NVDA) jumped as much as 3.8% in Friday trading following a Reuters report that the Trump administration began its review of Nvidia H200 chip exports to China and news that US antitrust agencies cleared Nvidia’s investment into Intel (INTC). The move higher put shares of the world’s largest company on track for a…
Blame games, tit-for-tat threats, off-again on-again meetings between US President Donald Trump and Chinese President Xi Jinping, and wild tariff swings seem to be the recent order of the day. According to former government officials and analysts, however, this should come as no surprise – it’s just the price you pay when diplomatic norms are…
A bipartisan group of American lawmakers is pushing for a “dramatic” expansion of export controls on chip manufacturing equipment to China and alignment from US allies in restrictions, according to a report released on Tuesday. Their efforts come amid concern that US President Donald Trump is compromising national security in pursuit of a trade deal…
The US is proposing annual approvals for exports of chipmaking supplies to Samsung Electronics Co. and SK Hynix Inc.’s factories in China, a compromise aimed at preventing disruptions to the global electronics industry after Trump officials revoked Biden-era waivers that let the companies more easily get such shipments. Officials in the US Commerce Department last…
When Malaysia unveiled its National Artificial Intelligence Roadmap in 2022, it promised a future of innovation and prosperity. But as geopolitical tensions mount, the country’s aspirations risk being stifled by forces it struggles to control: tariffs, export bans and a global scramble for the chips that power tomorrow’s technology. That road map for 2021 to…
China has confirmed that it barred a senior Wells Fargo executive from leaving the country, saying it banned her exit because of a “criminal case” investigation. Last week, reports surfaced that Chenyue Mao, an Atlanta-based managing director at the American banking giant and a United States citizen, had been stopped from leaving China. In response,…
An American citizen who works for the US government has been blocked from leaving China for months, possibly on national security grounds, after travelling there recently, the South China Morning Post has learned. A source familiar with the matter said that a naturalised US citizen, originally from China, was detained by authorities upon landing in…
Republican representative John Moolenaar, who is the chairman of the House Select Committee on China, has reportedly objected to the US Commerce Department‘s decision to allow Nvidia to resume sales of its H20 AI chips to China. In a letter to US Commerce Secretary Howard Lutnick, Moolenaar warned that the move could advance China’s AI…
OpenAI said its analysts found that Chinese artificial intelligence (AI) start-up Zhipu AI had made “notable progress” in providing infrastructure solutions to governments and state-owned firms in non-Western markets, as Beijing seeks to strengthen its global leadership in the rapidly evolving technology. In a post on Wednesday, the ChatGPT maker, which has previously urged Washington…