US-China tension


Tencent bids to keep stakes in US video game makers

Tencent bids to keep stakes in US video game makers

(ATF) Tencent Holdings hopes to hang on to stakes in US video game developers as it pours investment into the pandemic-fuelled global growth sector.The Chinese company is negotiating agreements with the Committee on Foreign Investment in the United States (CFIUS), which has the authority to order the Chinese technology giant …

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Huawei hopes cloud computing surge will offset sanctions effect

Huawei hopes cloud computing surge will offset sanctions effect

(ATF) Huawei Technologies saw revenue fall 16.5% in the first quarter compared to a year earlier, as it seeks to offset the divestment of its budget smartphone unit Honor by investing heavily in businesses that are less reliant on US chip technology such as autonomous driving and cloud computing.The Chinese …

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China suspected in US defence industry cyber attack

China suspected in US defence industry cyber attack

(ATF) China-linked hackers have spent months spying on the US defence industry, using a flaw in an information technology (IT) company's software, the manufacturer said on Tuesday.Utah-based IT company Ivanti said hackers took advantage of the flaw in its Pulse Connect Secure suite to break into the systems of "a …

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Global chip shortage threatens China car production

Global chip shortage threatens China car production

(ATF) The global shortage of semiconductors is hitting car production in China, where automotive executives say a recovery in the sector will begin.Carmakers around the world have had to adjust assembly lines due to the shortages, caused by manufacturing delays that some semiconductor makers blame on a faster-than expected recovery …

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US 'China hawks' urge Huawei treatment for other firms

US 'China hawks' urge Huawei treatment for other firms

(ATF) Hawkish members of the US Congress are urging President Joe Biden's administration to restrict sales of chip-making tools to Chinese companies by taking action similar to that used against telecommunications equipment maker Huawei Technologies Co.Representative Michael McCaul of Texas and Senator Tom Cotton of Arkansas, both Republicans, said the …

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China faces uphill climate battle as Kerry arrives for talks

China faces uphill climate battle as Kerry arrives for talks

(ATF) China needs to halve carbon dioxide emissions from its coal-fired power plants by the end of the decade if it is to remain on course to become carbon neutral by 2060, according to research published on Thursday, a goal set as US envoy John Kerry visits China for climate …

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Biden sends delegation to Taiwan as supply chain looms large

Biden sends delegation to Taiwan as supply chain looms large

(ATF) US President Joe Biden on Wednesday sent a high-level delegation to Taiwan, underscoring both continuing tense ties with China and the island's increasing importance to global supply chains.Taiwan's presidential office said former US senator Christopher Dodd and former deputy secretaries of state Richard Armitage and James Steinberg would land …

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HSBC reaches deal with Huawei's Meng over dispute

HSBC reaches deal with Huawei's Meng over dispute

(ATF) HSBC and Huawei Technologies' chief financial officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to US fraud allegations against her, their lawyers told a Hong Kong court.The legal dispute reached the Hong Kong court last month after a British judge in …

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US restricts trade with Chinese supercomputer centres

US restricts trade with Chinese supercomputer centres

(ATF) Washington has put China’s top supercomputing centres on a trade blacklist, saying they could have military applications that pose dangers to US national security.The seven Chinese entities’ addition to the list means they require special permission for exports and imports from the US."Supercomputing capabilities are vital for the development …

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China derails Applied Materials’ $3.5bn bid for Kokusai Electric

China derails Applied Materials’ $3.5bn bid for Kokusai Electric

(ATF) Applied Materials has terminated its $3.5-billion deal to buy Japanese peer Kokusai Electric Corp from KKR & Co as it failed to get timely approval from China’s regulator.California-based Applied Materials said it “did not receive confirmation of timely approval from the regulator in China,” according to a statement on …

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