Semiconductor stocks slumped on Wednesday and lost nearly $500B in collective market after it was reported the U.S. government may impose further export curb controls on the industry and former President Trump questioned whether the U.S. should pay for Taiwan’s defense.
Chips lose $500B in market cap amid export control fears, Trump’s Taiwan comments comes via ChinaTechNews.com.
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Semiconductor stocks slumped on Wednesday and lost nearly $500B in collective market after it was reported the U.S. government may impose further export curb controls on the industry and former President Trump questioned whether the U.S. should pay for Taiwan’s defense.
Chips lose $500B in market cap amid export control fears, Trump’s Taiwan comments comes via ChinaTechNews.com.
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The European Union’s (EU) Artificial Intelligence Act is set to come into effect on August 1, and while it will help to protect the pillars of the EU, it will also increase compliance costs for foreign companies looking to do business with the bloc.
Eu……
In October 2022, the Biden Administration announced that it would impose restrictions on the sale of new semiconductors to China, aiming to slow the progress of the Chinese tech sector.
This has meant firms like Huawei have had to become increasingly c……
A new study has highlighted the slow progress of China’s major cloud computing and data center companies in adopting renewable energy.
The Greenpeace report reveals VNEP Group, the operator of Microsoft 365 in China, uses just 4.35% renewable energy.
The news comes days after it was revealed China wants to increase its compute power by 30% before 2025 in order to meet the demands of artificial intelligence and power-hungry data centers.
China’s cloud push is coming at a big environmental cost and it’s affecting Microsoft and others too comes via ChinaTechNews.com.
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Tensions are rising in the South China Sea as China’s largest coastguard vessel entered the Philippines’ exclusive economic zone (EEZ). The 165-meter ‘monster ship’ arrived on July 2, and its presence is seen as an act of intimidation towards the smaller Asian neighbor. The Philippine Coast Guard (PCG) confirmed that the Chinese vessel was within their EEZ and questioned its intentions. The PCG stated that they will not be intimidated and will hold their ground. China’s embassy and foreign ministry have not responded to requests for comment. The South China Sea is a crucial trade route, with China claiming most of it. The Philippines and China recently agreed to work on improving mutual trust and managing maritime disputes….
The US House of Representatives conducted hearings on Wednesday to discuss various proposals aimed at addressing trade issues with China. These proposals include potential restrictions on Chinese electric vehicles in the US, banning Chinese semiconductors and components from the US market, and imposing fees on Chinese-made ships docking in US ports. The hearings highlighted the……
Cambricon Technologies, a company ambitiously striving to become China’s Nvidia and once hailed as the pioneer of artificial intelligence (AI) chip development in the country, is anticipating a net loss ranging from 756 million to 924 million yua……
Trader works at the post where Alibaba is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 28, 2023. REUTERS/Brendan McDermid
Wu has been chairman of Taobao and Tmall Group since May 2023.
Alibaba CEO Eddie Wu to ……
Beijing intends to expand energy cooperation with Russia along all stages of production, Chinese Ambassador to Russia Zhang Hanhui told the Russian state RIA news agency in an interview published on Tuesday.
“China expects to expand cooperation along t……
