China has set up a new state-backed investment fund with registered capital of 344 billion yuan ($47.5 billion) to boost the country’s…
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China
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BusinessNewsSemiconductorsTechnology
Chinese Firms Helping Military Get AI Chips Added to US Export Blacklist
by EC Editorby EC EditorThe United States is adding four Chinese companies to an export blacklist for seeking to acquire AI chips for China’s military, a…
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FPT, a prominent global IT company, has made significant strides in expanding its international presence with the establishment of a new subsidiary…
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BusinessNewsSemiconductorsTechnology
Beijing Criticises Netherlands’ Move to Block ASML Exports to China
by EC Editorby EC EditorChina on Tuesday urged the Netherlands to “respect market principles” a day after chip machine maker ASML (ASML.AS) said the Dutch government…
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BusinessNewsSemiconductorsTechnology
U.S. Persuades Dutch Government, ASML to Halt Chip Equipment Shipments to China
by EC Editorby EC EditorIn a strategic move, ASML Holding NV, the global leader in chip equipment manufacturing, complies with the US administration’s request to cease…