China’s top spy agency has warned of state security threats following a Chinese cybersecurity group’s call for a review of Intel products sold on the mainland. “Cybersecurity threats and risks are becoming more pronounced, permeating various fields such as politics, economics, culture, society, ecology and national defence,” the Ministry of State Security (MSS) said in … Read more
The push for new productive forces, or growth based on innovation in advanced sectors, also comes as post-pandemic China battles domestic challenges including a property market slowdown, jobs crisis and weak consumer and investor confidence. “A slew of policy arrangements will be made after the [third] plenum to nurture new productive forces, attract talents, support … Read more
“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department. A general view of Samsung Electronics’ semiconductor plant under construction in Taylor, Texas, on January 2, … Read more
Micron Technology, the largest US maker of memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence (AI) hardware. Revenue for its financial third quarter will be US$6.4 billion to US$6.8 billion, Micron said in a statement on Wednesday. That compares with … Read more
