Apple has formed a new data-processing venture in Shanghai, according to business registry information, as the US tech giant’s bid to bring artificial intelligence (AI) services to iPhones in mainland China remains in limbo. Established on Friday with a registered capital of US$35 million, Apple Technology Development (Shanghai) will focus on software development, big data … Read more
Chinese chip-packaging and testing giant Jiangsu Changjiang Electronics Tech (JCET) has completed its acquisition of an 80 per cent equity stake in the Shanghai plant of US flash memory maker SanDisk, the latest example of a transition in the global semiconductor value chain. JCET Management, a subsidiary of JCET, obtained that stake through a joint … Read more
They said that in addition to the death toll, a further 30 people were injured and 23 vehicles were trapped, and they were continuing the search for bodies and injured people. Chinese President Xi Jinping has ordered local authorities to make an all-out effort to save lives and ensure “overall social stability”. He ordered government … Read more
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
