SEMICONDUCTOR RIVALRY
Nvidia scandal: The AI arms race puts human spies back into the game
The Nvidia controversy involving CEO Jensen Huang and a woman suspected by US intelligence of having links to Beijing has renewed concerns over corporate espionage in the AI industry. Recent cases involving OpenAI and Google have also highlighted risks from insiders and traditional spying methods.
Alice in Nvidia CEO's secret world: Jensen Huang's personal affair matters far beyond than what meets the eye
Concerns about national security have emerged regarding Nvidia CEO Jensen Huang and a Chinese businesswoman, Alice Huang. US intelligence suggests Alice may have gathered information for Beijing after forming a close relationship with Jensen. Nvidia's advanced processors play a crucial role in AI and military applications, making them strategically significant in US-China relations. Congressional inquiries are seeking clarity on Nvidia's security protocols regarding foreign espionage risks.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
From 700% gains to a 50% plunge: China's AI stocks are crashing despite Beijing's tech ambitions. Here's why
China's artificial intelligence stock market has faced a steep decline, losing around $480 billion in market value. Many leading technology stocks that previously soared have now lost significant value in recent months. As investor enthusiasm wanes, concerns over future profits and valuations are becoming pronounced. Additionally, export restrictions on technology could further complicate the sector's recovery. Policymakers in China now face challenges in bolstering investor confidence while promoting industry growth.
As the US and China form AI blocs, countries are increasingly torn between them
Countries like Kazakhstan are trying to balance between U.S. and China AI initiatives for technological gains. Indonesia has expressed interest in benefiting from both AI superpowers while pursuing its technological agenda. Some nations are exploring relationships with both blocs without fully committing to either. China's investments in developing countries are increasing, enhancing their own AI capabilities.
US Treasury proposes a rule to crack down on high-tech investments in China, other adversaries
The U.S. Treasury Department plans to enforce a rule limiting high-tech investments in China and Russia. This initiative aims to curb investments that may boost military capabilities in identified countries. The proposed restrictions will apply specifically to investments exceeding $50,000 and exclude many financial options. Treasury will review public comments before finalizing the rule, indicating a longer compliance process. Additionally, the ongoing tech rivalry between the U.S.
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Behind big billions, the China hedge begins to take shape in India
Hyundai Motor Group plans to invest $15.5 billion in India over the period of 2026 to 2032. This initiative aims to strengthen local manufacturing and expand research and development facilities. Attracting global interest, especially with competitors like Toyota and Suzuki also enhancing their footprint, Hyundai’s success hinges on optimizing logistics and harnessing skilled labor for maximum output.
Kamala Harris warns window closing for AI safeguards, urges US-China cooperation
Kamala Harris has emphasized the urgent need for action from both governments and tech firms to put in place robust safeguards for artificial intelligence. She identified three critical threats posed by AI, such as cybersecurity issues and unpredictable AI behavior. Furthermore, despite the ongoing U.S.-China rivalry, she called for cooperative efforts to establish global AI regulations.
The only billionaires making money this year are in tech
The roughly 100 technology fortunes among the world’s 500 richest people gained a combined $845 billion through Sept. 30, the most ever for the first nine months of a year, according to the Bloomberg Billionaires Index.
Jaishankar says India-EU FTA will be a "real game changer" for ties
India and the European Union are working towards a Free Trade Agreement that aims to strengthen their economic ties. External Affairs Minister S Jaishankar highlighted various sectors including technology, defense, space, and climate as key areas for cooperation. The agreement is expected to facilitate regulatory alignment and increase business comfort in both regions.
ASML turned an old BBC description into a badge of honor as its chipmaking technology took off - why “relatively obscure” is printed on its hoodie
ASML has transitioned from being relatively obscure to becoming a key player in the chip technology arena. While it does not manufacture computer chips directly, it produces machines that are critical for their production. These machines, which employ extreme ultraviolet light, require a year to construct and must function in meticulously controlled conditions.
China is building a new rulebook for dealing with the US — tariffs are only the beginning of a much broader reset
China and the United States have established a reciprocal framework for tariff reductions on approximately $30 billion of goods from each side. They created two new boards to facilitate trading and investment discussions as a means of ongoing economic cooperation. Additionally, a dedicated dialogue on artificial intelligence (AI) issues has been initiated between the two nations. The Kuala Lumpur trade arrangement has also been extended for further negotiations.
Pandas then, pandas now: Trump and Xi are well past Nixon-era magic
Donald Trump and Xi Jinping recently met in Washington to symbolize cooperation in US-China relations. The summit featured the announcement of two pandas to Zo Atlanta as a gesture of friendship. They extended a trade truce rather than resolving major economic disputes or tariffs. Despite strategic rivalry, both countries aim to maintain open channels for cooperation.
China surveys Broadcom switch use in state data centers, FT reports
Chinese authorities are examining Broadcom's hardware in state-controlled data centres to enhance domestic production capabilities. This initiative aims to reduce reliance on foreign technology amid increasing US-China rivalry. Reports indicate Broadcom's switches may compose 90% of the current equipment in these facilities. The State-owned Assets Supervision and Administration Commission could recommend scaling back on these switches soon. This aligns with Beijing's efforts to promote local semiconductor and AI technology usage.
China's Alibaba launches international data centre push
Chinese tech giant Alibaba unveiled plans on Wednesday to expand its overseas data centres, targeting markets across Europe and the Middle East. Alibaba is targeting more than 20 gigawatts of global data centre capacity by 2032, Wu said during the firm's annual flagship conference in Hangzhou.
US, China gear up for mid-September AI safety talks
The talks, the first official bilateral discussions devoted exclusively to AI between the US and China since US President Donald Trump took office for a second time, will be led by US Treasury Secretary Scott Bessent on the US side, the sources, who were briefed on the planning, said on condition of anonymity.
US, China gear up for mid-September AI safety dialogue
The United States and China are set to engage in key talks about the safety implications of artificial intelligence. The discussions will focus on collaboration to monitor AI-driven cyberattacks and mitigate future risks. Additionally, they will consider the establishment of self-regulating AI laboratories and the sharing of relevant information.
Trump says Xi to visit Washington this month for high-stakes summit
President Trump announced President Xi Jinping will visit Washington for a summit. The leaders will discuss global security, trade, and human rights issues. Both nations are navigating economic tensions and a temporary trade truce. The meeting aims to manage strategic friction points responsibly. Unresolved issues like tariffs and regional disputes are expected.
AI chipmaker Enflame sets subscription date for near $900 million Shanghai IPO
The chipmaker, backed by technology company Tencent Holdings , will issue 43.04 million new shares, representing a 10% stake in its enlarged share capital of approximately 430 million shares, with preliminary price consultations set to begin on August 28, the filing showed.
Global Market: Chinese stocks slide as semiconductor and robotics shares tumble
Chinese stocks tumbled on Wednesday as semiconductor and robotics shares came under heavy selling pressure, with weak corporate earnings and concerns over the broader economy weighing on sentiment. The CSI300 fell 2.4%, while the Shanghai Composite dropped 2%. Hong Kong shares edged higher. Meanwhile, humanoid robot maker Unitree surged nearly 500% in its Shanghai debut, drawing strong investor interest.
US-China tech rivalry explained: Why the AI and chip war matters
The US and China are engaged in a significant technology competition. Artificial intelligence and semiconductor chips are central to this ongoing rivalry. Export controls are intensifying the AI chip war between these nations. Global supply chains are being reshaped by this intense technological race. Other countries face opportunities and challenges from this evolving competition.
Taiwan probes 11 Chinese firms for illegal poaching of tech talent
Taiwan said on Monday 11 Chinese firms are being investigated for alleged illegal poaching of semiconductor and other high-tech talent, stepping up efforts to curb technology outflows amid rising geopolitical tensions with Beijing.
China's top chip bosses urge supportive policies to create 'China's ASML'
Semiconductor manufacturing has emerged as a critical battleground in the China-U.S. technology rivalry since 2020, with Washington actively imposing restrictions to stop China from expanding advanced production capacity below 7-nanometer.
India seeks Dutch knowhow in semiconductor push
India is actively seeking semiconductor investments from Dutch firms. New Delhi is offering substantial subsidies to attract chip manufacturing. Dutch companies are exploring new markets amid global trade tensions. A strategic partnership is anticipated during Prime Minister Modi's upcoming visit. This collaboration aims to boost India's chip industry and provide diversification for Dutch businesses.
US imposes new export controls on China, targeting semiconductor technology
The Biden administration's new export controls aim to hinder China's tech progress by restricting the sale of critical semiconductor-manufacturing equipment and high-bandwidth memory products. The measures target 24 types of equipment, three software tools, and 140 Chinese companies, limiting their access to advanced semiconductors essential for cutting-edge technologies.
US roll outs new export controls to restrict China's chip industry
The United States has introduced new export controls on quantum computers and semiconductor-manufacturing equipment to counter the use of advanced technologies by rivals like China.
PM Modi to explore semiconductor innovations in Singapore on 2nd day of his visit
Prime Minister Narendra Modi's visit to Singapore highlights the growing importance of the semiconductor sector for India. During his trip, he will tour a semiconductor facility and engage in discussions with Singaporean leaders. This visit aims to strengthen bilateral ties and explore opportunities for collaboration in semiconductor manufacturing, talent development, and knowledge sharing. Singapore's well-developed semiconductor industry offers potential benefits for India's technological advancements and economic growth.
India, Singapore semiconductor industry collaboration to entail talent development, knowledge sharing & value chain
India and Singapore will finalise a pact on the semiconductor industry to enhance collaboration in talent development, knowledge sharing, and creating a robust value chain. The agreement will be signed during Prime Minister Narendra Modi’s visit to Singapore, aiming to leverage India's resources and Singapore's expertise in the sector.
China's Xi urges greater innovation amid tech curbs from US
China should accelerate the upgrades of key technologies and core products, state-run Xinhua news agency reported on Friday, citing Xi during his visit to a company's high-tech manufacturing zone in eastern Jiangsu province.
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