America’s introduced sweeping rules aimed at cutting China off from key chips and components for supercomputers. That could hurt China’s semiconductor industry.
Tagged By business
John Deere to spend $29.8 million to shift cotton harvester manufacturing from China to Thibodaux, create 70 jobs
John Deere said it will spend $29.8 million to expand its Thibodaux plant, a move that will create 70 jobs and allow the company to shift cotton harvester manufacturing from China to the U.S. The…
Crypto Investor Newsletter: Disney, Australia, and China’s Digital Yuan
In this newsletter, stay tuned for a round-up of this week’s crypto developments, including a look at what’s happening with central bank digital currencies (CBDCs) around the world and the metaverse.
China food distributor Fortune Valley files for proposed $25M offering, uplisting
China-focused food distributor Fortune Valley … The company first filed to uplist its shares in December 2021. For more IPO news, check out SA’s IPO News page.
Sales at the world’s largest luxury brand jump on strong demand
LVMH, home to fashion brands such as Louis Vuitton and Dior, got an added boost from improved business in China as COVID-19 curbs eased.
Exclusive-KLA to stop sales and service to China to comply with US export curbs – source
U.S. chip toolmaker KLA Corp will cease offering some supplies and services from Wednesday to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations, a …
Justin Sun ‘Optimistic’ About Crypto’s Return to China, Addresses Huobi Acquisition
Tron founder Justin Sun joined “First Mover,” to discuss his role on Huobi’s advisory board and why he’s hopeful the crypto exchange will make its way back to mainland China.
U.S. Retailers Looking Past China for Suppliers See Costs Jump 30%
“We have to look at China not as the factory of the world like it used to be,” said Jean Madar, chairman and CEO of Inter Parfums Inc., which manufactures and distributes fragrances for brands…
For its own ‘well-being’, China won’t invade Taiwan, says TSMC founder
In the event of a conflict, any interruption in chip production in Taiwan would make China’s most advanced technologies, military included, useless. Chinese microchip manufacturers cover only a …
Biden’s Reported Deal With China’s TikTok Would Pose Unacceptable Risks to US
(Even storing the data of a random American teen creating videos from inside her house could suddenly become useful if China, say, later learned her mom was conducting cutting-edge research at one of …
China ramps up strict COVID policies as fresh outbreak grips country
Oct. 11 (UPI) –China is ramping up its strict “zero-COVID” policies — including travel bans, business lockdowns and city-wide quarantines — as new virus cases surge throughout the country following …
Sick IPO? Clifford Medical Eyes Listing Despite Huge Reliance on Single Hospital
Clifford Medical has filed for a Hong Kong IPO, even though its financials have been volatile in recent years and a single hospital contributes 94% of its revenue The company has a high debt burden…
China semiconductor production experienced its largest-ever decline in August
The South China Morning Post reports that output of ICs was down 24.7% year-on-year to 24.7 billion units in August, the single largest monthly fall recorded …
