CHINA TECH
China stocks fall on economic data; HK jumps
Market turbulence as private-sector survey highlights new order concerns, influencing Hang Seng Tech Index performance.
Apple's iPhone shipments in China surge 40% in May amid aggressive discounting
Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.
Chinese chipmaker Nexperia invests $200 million in European expansion
Nexperia makes 100 billion such chips annually, nearly a quarter of the world's supply. These chips are preferred over traditional silicon chips due to their enhanced efficiency, speed, lightweight nature, and capability to operate effectively in high temperature and high voltage conditions, which are crucial in electrical infrastructure applications.
European tech must keep pace with US, China: Meta's Nick Clegg
Europe is lagging behind both the United States and China when it comes to technology and innovation, top executive with US firm Meta Nick Clegg has told AFP. Clegg, president of global affairs at the parent company of Facebook, Instagram and WhatsApp, said Europe had a "real problem". Clegg has spearheaded previous efforts by Meta to invest in tech in Europe, announcing in 2021 that the US firm would create 10,000 jobs there to help build the "metaverse".
China's ByteDance working with Broadcom to develop advanced AI chip
China's ByteDance collaborates with U.S. chip designer Broadcom to develop a 5nm AI processor, ensuring a stable supply of high-end chips for TikTok and other apps amid U.S.-China tensions.
US proposes targeted restrictions for AI, tech investment in China
The U.S. proposed rules to regulate investments in China to prevent sensitive technology development, supported by Treasury Assistant Secretary Paul Rosen.
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US billionaire eyes TikTok takeover to save internet from Big Tech
Frank McCourt, a US real estate billionaire, aims to buy TikTok to rescue the internet from the clutches of major platforms that he firmly believes are destroying society and endangering children. To address the problem, McCourt is campaigning for a "new internet" which, he claims, would wrest control of the web away from major platforms like Instagram, YouTube, TikTok, or X. "These platforms have hundreds of thousands of individual attributes about each of us.
US as many as 15 years behind China on nuclear power, report says
China has 27 nuclear reactors under construction with average construction timelines of about seven years, far faster than other countries, said the study by Information Technology & Innovation Foundation, a Washington-based nonpartisan research institute.
Faking an honest woman: Why Russia, China and big tech firms use faux females to get clicks
Whether it's Chinese or Russian propaganda agencies, online scammers or AI chatbots, it pays to be female - proving that while technology may grow more and more sophisticated, the human brain remains surprisingly easy to hack thanks in part to age-old gender stereotypes that have migrated from the real world to the virtual.
India’s tech spending to grow highest in APAC in 2024: Forrester
Technology spending in India is projected to grow by 10.8% to reach approximately $54.5 billion in 2024, the highest in Asia Pacific regions, as per a Forrester report. The spending in AI-augmented software and services will lead the growth in IT categories.
ByteDance plans $2.1 billion investment in Malaysia for AI, minister says
As part of the deal, the latest in a number of global tech companies expanding into Southeast Asia, ByteDance will also expand its data centre facilities in Malaysia's Johor state through an additional 1.5 billion ringgit investment, Investment, Trade And Industry Minister Tengku Zafrul Aziz said.
China’s exports surge more than expected in boost for economy
Beijing is relying on sales abroad to offset weak consumer spending at home, where a real estate slump has led households to tighten their belts.
China risks trade war on two fronts as low-tech exports soar, too
Rising trade tensions as the EU, US, and potentially Canada impose tariffs on Chinese electric vehicles, are impacting global trade dynamics.
Donald Trump joins the TikTok video platform he once sought to ban
Politico, which first reported the news, said he posted a launch video on his account on Saturday night. The video showed Trump greeting fans at an Ultimate Fighting Championship fight in Newark, New Jersey.
Chinese firms turn from ‘Panda’ to ‘Skunk’ as US tensions flare
Chinese investments in the US have trailed behind smaller economies like Spain and Singapore in recent years, according to the US Bureau of Economic Analysis.
Apple's iPhone sales in China jump 52% in April, data shows
Apple's iPhone sales in China surged 52% in April compared to the previous year, rebounding from earlier weak performance amid high-end market competition from Huawei. March saw a 12% increase following a 37% sales slump in early 2024. Overall smartphone sales in China rose 25.5% to 22.7 million units in April.
Nvidia cuts China prices in Huawei chip fight
The flattening prices underscore the challenges Nvidia's China business faces amid U.S. sanctions on AI chip exports and heightened competition, casting a cloud over its future in a market that contributed 17% to its revenue for fiscal 2024.
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers. The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
China tech giant Alibaba posts modest yearly revenue growth
Chinese ecommerce giant Alibaba announced Tuesday a modest increase in annual revenue, at a time when the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. Fellow internet giant Tencent posted weakened revenue growth in the first three months of this year, also on Tuesday.
South side story: Can attractive sops turn Chennai into a hub for GCCs?
Can a slew of attractive sops from the state government and a competitive workforce turn Chennai into a hub for GCCs, positioning the state as a healthy alternative to Bengaluru and Hyderabad? In addition to banks and automotive firms, manufacturing, pharma, tech and product companies in the fintech space are considering setting up GCCs in Chennai.
Global car giants seek tech allies in China's cutthroat EV market
Struggling foreign automakers in China are looking for help from local tech giants to try to stay competitive in the world's biggest electric car market, where shiny smart screens, assisted driving and sophisticated map technology are in high demand. One major reason why foreign automakers are seeking partnerships with local tech firms is to benefit from their innovation, which Chinese automaking executives have attributed to the cutthroat competition in the industry.
Apple unveils new AI-focused chip in iPad Pro upgrade
Apple introduces M4 chip in iPad Pro for AI tasks, focusing on AI integration. New iPad Air models with M2 chip. Analysts highlight importance of neural engine in Apple's latest products.
'Livestream' shopping thwarts some high-tech tools to stop fake merch
Livestream shopping in the U.S. faces challenges with counterfeit goods influx. Technology by platforms like TikTok and Amazon aims to combat fakes, yet copyright violations persist in live videos. Patent lawyers emphasize the need for improved detection methods.
China's version of Neuralink unveiled at tech forum
Beijing Xinzhida Neurotechnology unveiled Neucyber, a BCI implant similar to Neuralink's tech. It enables a monkey to control a robotic arm with thoughts, marking China's entry into high-performance invasive BCI technology.
China moves to boost foreign investment in domestic tech companies
China will support overseas institutions to issue yuan bonds in the country, and also encourage tech companies, including foreign-invested ones, to raise money via bond issuance, the commerce ministry said in a statement.
Intel to launch two AI chips for China with reduced capabilities
Intel and Nvidia to launch China-specific AI chips, HL-328 and HL-388, complying with U.S. export controls. Nvidia's H20 chip to be delivered in 2024.
TikTok bill faces uncertain fate in the Senate as legislation to regulate tech industry has stalled
While more aggressive than most, TikTok's extensive lobbying campaign is the latest attempt by the tech industry to head off any new legislation - and it's a fight the industry usually wins.
China's Huawei and Amazon in patent licencing agreement
Most terms of the deal were not disclosed, but Alan Fan, head of Huawei's intellectual property rights department, said the Chinese firm had ended lawsuits brought against Amazon in Germany over patented technology related to wifi and video playback.
China aims for self-reliance in tech; vows to open manufacturing to foreign investors
The commitments, published during the annual meeting of parliament, delivered a clear message: China is open for business, as long as it fits with a national agenda now defined by a quest for self-sufficiency.
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