Alibaba sinks billions into chip development

Alibaba sinks billions into chip development

(ATF) Alibaba will increase its research budget to include high-end semiconductor technology, the internet giant said, adding a new dimension to a tech war between China and the US. The Hangzhou, China-based company made the announcement in a statement that also saw it reveal for the first time how much ...

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China preparing an anti-trust inquiry into Google

China preparing an anti-trust inquiry into Google

China is preparing to launch an antitrust probe into Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, two people familiar with the matter said. The case was proposed by telecommunications equipment giant Huawei Technologies last year and has been submitted ...

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Alibaba’s cloud unit expected to turn a profit soon 

Alibaba’s cloud unit expected to turn a profit soon

China’s e-commerce giant Alibaba’s cloud unit will turn profitable and its parcel-tracking platform operator Cainiao is expected to generate positive operating cash flow in fiscal 2021, Chief Financial Officer Maggie Wu said at an investor day event on Wednesday. Alibaba said revenue growth was robust, rising in the year to ...

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Sina joins exodus from US markets 

Sina joins exodus from US markets 

The parent company of China's vast Weibo platform and one of the country's biggest search engines have announced plans to delist from US stock markets in deals totalling more than $6 billion as relations between Washington and Beijing grow increasingly tense. Search engine Sogou confirmed Tuesday it would be taken ...

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Trump to EU: fall in line on Huawei

Trump to EU: fall in line on Huawei

BRUSSELS: Washington renewed pressure on Europe to ban Huawei from fifth-generation (5G) networks, with a senior official saying the t elecoms giant is part of China's surveillance state and complicit in human rights abuses. Keith Krach, the undersecretary of state for economic affairs, stepped up warnings as Germany and Italy ...

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Chinese investment in 3rd generation semiconductors to soar

Chinese investment in 3rd generation semiconductors to soar

(ATF) After developing nuclear bombs, satellites and a space programme, China has now set its sight on the third generation semiconductor industry. With US sanctions imposed on telecom giants Huawei, ZTE and their suppliers, due to security concerns, China plans to invest vast sums to catch up with technology firms ...

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Huawei 'swept up' memory chips before sanctions deadline

Huawei 'swept up' memory chips before sanctions deadline

(ATF) As the third quarter is coming to an end, the decline in the memory chip market in China has not stopped, according to Chinese Tech news outlet Fast Technology. But the contract market and the spot market were described as seeing “two days of ice and fire.” This was ...

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