-
Blow For Nvidia? Baidu Reportedly Switches To Huawei For AI Chips, Ditching Its Long-time Supplier
Tuesday, November 7, 2023 - 5:00am | 628In a significant industry shift, Baidu Inc. (NASDAQ:BIDU) reportedly ordered AI chips from Huawei moving away from long-time supplier Nvidia Corporation (NASDAQ:NVDA), signaling changes in global tech alliances. What Happened: Baidu secured a deal with Huawei for the supply of artificial...
-
Washington Set To Launch Probe Into Huawei's Recent Cutting-Edge Mobile Phone Technology
Thursday, September 7, 2023 - 5:15pm | 541The latest smartphone from Huawei Technologies Inc. is causing ripples of concern within Washington circles as it appears to use technology the U.S. has been aiming to restrict from China. This development could potentially hamper the ongoing efforts by the Biden administration to mend...
-
New Huawei Smartphone Reignites Debate On U.S. Sanctions' Impact On China's Tech Progress
Tuesday, September 5, 2023 - 8:48am | 875The launch of the Mate 60 Pro, the newest smartphone from Huawei Technologies Co., has sparked a debate in Washington D.C. about the effectiveness of U.S. sanctions in halting China’s tech development. What Happened: Huawei unveiled its latest device online this week, coinciding with U.S....
-
China Tells US To Lift Sanctions For Military Talks
Wednesday, June 28, 2023 - 11:49pm | 329China has expressed its desire for the U.S. to lift sanctions as a prerequisite for high-level military communication between the two nations, according to a Chinese diplomat on Wednesday. What Happened: China’s Embassy in Washington spokesperson, Liu Pengyu, stated in a briefing that the U.S...
-
Xi Jinping's Confidant On US Matters Is This 71-Year-Old Harvard Graduate: SCMP
Thursday, June 22, 2023 - 7:57pm | 422In the realm of China’s economic affairs, the influence of former vice-premier Liu He continues to be felt, even post his retirement, South China Morning Post reports. Continued Influence Despite stepping down from all official positions following the leadership reshuffle in March, Liu...
-
A Message For Xi Jinping? Biden And Modi Unveil Unprecedented Defense, Tech Deals
Thursday, June 22, 2023 - 5:47am | 457On Thursday, President Joe Biden and Indian Prime Minister Narendra Modi unveiled a series of unprecedented defense, technology, and business deals during Modi’s state visit to the United States, signaling a clear counter to Xi Jinping-led China’s global ambitions and an attempt to pull...
-
Xi Jinping's Government Dubs Biden's Dictator Remark 'Blatant Political Provocation'
Wednesday, June 21, 2023 - 8:13am | 484U.S. President Joe Biden referring to Chinese leader Xi Jinping as a dictator on Monday has sparked a strong response from China, which has dubbed the comment "extremely absurd and irresponsible." What Happened: Biden’s comments at a fundraiser in California were deemed “extremely...
-
Trump Administration Tracked Huawei, ZTE Workers Suspected To Be Working At Xi Jinping's Spy Sites In Cuba: WSJ
Wednesday, June 21, 2023 - 6:55am | 527On Monday, U.S. officials revealed that during the Trump administration, they had tracked employees from Chinese telecom giants Huawei Technologies and ZTE entering and exiting facilities in Cuba suspected of housing Chinese eavesdropping operations. What Happened: The officials reviewed...
-
Will US-China Relationship Improve Under Joe Biden?
Monday, November 9, 2020 - 9:11am | 543The world's two largest economies, U.S. and China, have been hostile towards each other after President Trump's tough protectionist stance. The hostility led to both imposing tariffs on imported goods and restricting the export of specific technologies. The two countries signed a Phase...
-
Alibaba In Talks To Invest $440M In US-Blacklisted Surveillance Firm With Chinese Partner: Report
Wednesday, September 16, 2020 - 3:51am | 400Alibaba Group Holding Ltd (NYSE: BABA) is investing $443 billion jointly with a Chinese partner in a blacklisted company accused of helping Beijing monitor and detain Uighur minorities, Reuters reported Tuesday. What Happened: The Jack Ma-founded conglomerate, along with China Mobile...
-
Yum China Slips 3.7% On Homecoming Debut After $2.2B IPO
Thursday, September 10, 2020 - 3:29am | 356Fast food restaurant company Yum China Holdings Inc (NYSE: YUMC) trading debut on Tuesday began on a low key when the stock slipped 4.76% lower. Listed under the ticker “9987” on the Hong Kong Exchange, Yum China's stock closed the first day of trading 3.7% lower at HKD 396.60 ($ 51...
-
Amazon Bans US Import Of Plant Products To Counter Mysterious Chinese Seed Shipments
Monday, September 7, 2020 - 11:37pm | 377Amazon.com, Inc (NASDAQ: AMZN) and other retailers, such as Wish, are imposing new restrictions on importing plant products into the United States to counter mystery seed packages, many of which originate from China, the Wall Street Journal reported Monday. What Happened: The Jeff Bezos-led company...
-
Here's How China Can Retaliate Against Trump
Friday, January 6, 2017 - 9:45am | 360President-elect Donald Trump's harsh trade rhetoric against China will likely result in retaliatory action from the Asian giant. But what exactly can China's government do? According to a Bloomberg report, there are several options at China's disposal. For instance, the Chinese...
-
In A Trade War, Would China Or The United States Prevail?
Thursday, December 29, 2016 - 10:29am | 3562017 hasn't even officially began, and it is shaping up to be a year of worsening relationship between the United States and China and could very well result in a trade war. If that proves to be the case, then China could outlast the United States, at least according to a Hong Kong-based professor...
-
Pro: Trump Battling China Isn't Like Negotiating A New York Real Estate Deal
Wednesday, December 28, 2016 - 4:11pm | 351President-elect Donald Trump pledged to the American public he will utilize his business acumen and negotiating skills to restore jobs. James McGregor, an expert on the Chinese market and consumers, was a guest on CNBC's "Squawk on the Street" segment on Wednesday to offer his take on what U.S....