With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha. Huawei did not immediately respond to a request for comment on … Read more
China is falling short of matching the United States in artificial intelligence (AI) advances because the nation’s efforts are “littered with many essential challenges in theory and technologies”, according to a recent slide presentation made to Chinese Premier Li Qiang. Those difficulties were pointed out to Li during his recent inspection tour of the Beijing … Read more
Technology executives attending China’s biggest annual political gathering known as the “two sessions” have called for the country to make more home-grown advanced chips and train talent to help with its artificial intelligence (AI) push, according to tabled proposals. Lei Jun, co-founder and CEO of smartphone giant Xiaomi and a delegate of the National People’s … Read more
New Orders; Backlogs Contracting; Production; Employment Contracting; Supplier Deliveries Slowing; Raw Materials Inventories Contracting; Customers’ Inventories Too Low; Prices Increasing; Exports and Imports Growing TEMPE, Ariz., March 1, 2024 /PRNewswire/ — Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status (a PMI® reading of 50 percent) and … Read more
Taiwan Semiconductor Manufacturing Company (TSMC) has promoted two senior executives to share chief operating officer responsibilities, heralding a new generation of leaders at the world’s largest contract chipmaker. The chip firm’s board on Thursday approved the appointment of Y.J. Mii and Y.P. Chyn as executive vice presidents and co-chief operating officers, according to a statement. … Read more
Alibaba Group Holding’s cloud computing unit has cut prices by up to 55 per cent on more than 100 core products – the largest discount offering in the company’s history – to attract more enterprises and software developers as users in mainland China, as the adoption of artificial intelligence (AI) picks up steam across various … Read more
Chesney concluded that US prosecutors failed to prove that the Chinese state-sponsored company misappropriated proprietary data from Micron Technology Inc., American’s largest memory-chip maker, that allegedly passed through Taiwan’s United Microelectronics Corp. in a manufacturing deal with Fujian Jinhua. 02:05 China imposes restrictions on US chip maker Micron, escalating tech war China imposes restrictions on … Read more
The US government is awarding US$1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains after the Covid-19 pandemic exposed weaknesses. GlobalFoundries, the world’s third-largest contract chip maker, will build a new semiconductor production facility in Malta, New York, and expand existing operations … Read more
A massive stock surge for Nvidia Corp in the wake of stellar earnings this week shows that the world’s most important chip developer for the artificial intelligence (AI) age is managing to thrive without China, its third-largest market, say analysts. Nvidia on Wednesday reported a 265 per cent jump in quarterly revenue that beat estimates, … Read more
Lenovo Group, the world’s largest personal computer (PC) maker, said it is doubling down on various artificial intelligence (AI) initiatives, including new computing devices and services that support the technology, after reporting a 3 per cent year-on-year increase in revenue in the December quarter. The Beijing-based tech giant on Thursday said its revenue reached a … Read more
