US sanctions

DeepSeek breakthrough, Nvidia stock rout raise concerns over need for huge AI spending

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DeepSeek breakthrough, Nvidia stock rout raise concerns over need for huge AI spending

DeepSeek, a little-known Chinese start-up whose affordable technology matches the likes of the most formidable American tech titans such as OpenAI and Meta Platforms, has raised investor concerns over the necessity of pouring billions of dollars into research and development. The Chinese artificial intelligence (AI) company released its open-source reasoning model, R1, earlier this month. … Read more

Huawei to offer AI support to Chinese aviation, steel conglomerate Fangda

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Huawei to offer AI support to Chinese aviation, steel conglomerate Fangda

Chinese telecommunications gear giant Huawei Technologies will work with the steel and aviation industries to drive the use of digital and artificial intelligence (AI) technologies through a deal with industrial conglomerate Fangda Group Industrial. Huawei signed strategic partnership deals on Friday with Hainan Airlines Holding and Fangda Special Steel Technology, both owned by Fangda Group. … Read more

China’s top drone maker DJI to build global headquarters in Shenzhen’s new city centre

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China’s top drone maker DJI to build global headquarters in Shenzhen’s new city centre

DJI, the world’s biggest maker of consumer drones, intends to build a new global headquarters for its intelligent aviation systems operation in its home city of Shenzhen, according to a plan released recently by the southern tech hub’s municipal government. The plan involves DJI’s acquisition of a 15,658-square-metre plot inside the Shenzhen Bay Super Headquarters … Read more

‘Making the impossible possible’: Huawei’s Meng Wanzhou lauds US-sanctioned firm’s 2024

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‘Making the impossible possible’: Huawei’s Meng Wanzhou lauds US-sanctioned firm’s 2024

Over the past six years, Huawei “experienced countless moments of darkness, uncertainty and defeat”, but has also seen “one miracle after another, making the impossible possible”, Meng, daughter of Huawei founder and chief executive Ren Zhengfei, wrote in a message published by the Shenzhen-based firm. Meng, 52, thanked Huawei’s customers, supply chain partners and employees … Read more

China’s Xinjiang eyes closer ties with Pakistan and Central Asia to offset US sanctions

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China’s Xinjiang eyes closer ties with Pakistan and Central Asia to offset US sanctions

China’s far west region of Xinjiang is seeking closer ties and cross-border cooperation with Pakistan and Central Asian countries in a bid to counter US sanctions and consolidate its role as a gateway under the Belt and Road Initiative. Khunjerab port – the sole border crossing connecting China and Pakistan – in Xinjiang Uygur autonomous … Read more

Huawei’s Mate 70 sales to be limited by ‘modest’ chip update, no Android support: analysts

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Huawei’s Mate 70 sales to be limited by ‘modest’ chip update, no Android support: analysts

Sales of Huawei Technologies’ latest flagship Mate 70-series smartphones are expected to fall short of the demand generated by the Mate 60, according to analysts, citing the new model’s weaker processor performance and heightened supply chain risks amid geopolitical tensions. The Mate 70 was launched last Tuesday at an event in Shenzhen, where Huawei consumer … Read more

Semiconductor firms ASML, AMD, Qualcomm reaffirm China commitment at CIIE trade fair

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Semiconductor firms ASML, AMD, Qualcomm reaffirm China commitment at CIIE trade fair

They joined about 400 other companies at the Intelligent Industry & Information Technology exhibition, as part of this year’s China International Import Expo (CIIE) event. The six-day trade show will conclude on Sunday. Taking part in the CIIE reflects how these foreign semiconductor technology vendors see the world’s second-largest economy as a vast market for … Read more

Huawei gears up for launch of new flagship smartphone model Mate 70 next month: source

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Huawei gears up for launch of new flagship smartphone model Mate 70 next month: source

Huawei Technologies is expected to launch its new flagship smartphone Mate 70 next month, as a resurgence in its premium handset business intensifies its rivalry with Apple and major Chinese competitors, according to local media reports and a supply chain source familiar with the matter. If confirmed, the launch will offer fresh evidence that the … Read more

Huawei revenue surges nearly 30% in first 9 months on back of rising smartphone sales

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Huawei revenue surges nearly 30% in first 9 months on back of rising smartphone sales

The Shenzhen-based company reported a 29.5 per cent jump in revenue to 585.9 billion yuan (US$82.3 billion) in the first three quarters of 2024, up from 452.3 billion yuan in the same period last year, according to a filing to the Shanghai Clearing House, the sole central clearing counterparty in China’s interbank market. However, Huawei … Read more

Huawei founder Ren Zhengfei: US tech is great, but we have to build our own

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Huawei founder Ren Zhengfei: US tech is great, but we have to build our own

Huawei Technologies founder and CEO Ren Zhengfei said he appreciates the “openness and inclusivity” of the US tech community, and yet the Chinese company “had no choice” but to build its own tools because of US sanctions. Ren, 80, said Huawei needs to learn from the receptive culture of the US, which has allowed the … Read more