TAIWAN ARMS DEAL
China sanctions several Lockheed Martin units, three executives over arms deals with Taiwan
Named under the sanctions were Lockheed Martin Missile System Integration Lab, Lockheed Martin Advanced Technology Laboratories and Lockheed Martin Ventures. Top executives James Donald Taiclet, Frank Andrew St John and Jesus Malave were listed as banned from travelling to China.
US and China hold first informal nuclear talks in 5 years, eyeing Taiwan
The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei.
Taiwan keeping watch after Chinese submarine surfaces in Taiwan Strait
The narrow strait that separates Taiwan from China is a frequent source of tension. Taiwan reports Chinese warplanes and warships operating there on a daily basis, as Beijing seeks to assert its sovereignty claims against the democratically governed island.
MediaTek designs Arm-based chip for Microsoft's AI laptops
Last month, Microsoft unveiled a new generation of laptops that feature chips designed with Arm Holdings tech, which provide enough horsepower to run the artificial intelligence applications that executives said were the future of consumer computing. The MediaTek chip is geared toward this effort.
Amazon India gets funds; IT margins hit
Amazon has ploughed fresh funds in its Indian marketplace entity. This and more in today’s ETtech Top 5.
A Tata-Tesla deal has just won India a big strategic edge
Tata's likely deal with Tesla to supply semiconductor chips marks a major milestone for India, enhancing its strategic power globally. As countries invest in semiconductor manufacturing, India's focus on legacy chips positions it as a reliable supplier in the global chip value chain, contributing to its self-reliance and influence.
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Iran’s better, stealthier drones are remaking global warfare
Iran's drone technology is reshaping global conflicts, with drones based on Iranian designs being used in various countries, including Sudan, Syria, and Ukraine. These drones, like the Zagel-3 based on Iran's Ababil model, are becoming increasingly sophisticated and are used by militias and militaries worldwide. Iran's drone industry, fueled by sanctions and innovative methods to circumvent them, is a key element of its military strategy, allowing it to project power and influence far beyond its borders.
Taiwan chip firms flock to Japan as China decoupling accelerates
The influx comes amid shifting alliances and priorities in the global chip industry as the United States pushes to limit China's progress in cutting-edge semiconductors and strengthen partnerships between its allies. Fabless chipmaker Alchip Technologies, which specialises in customised chips known as application-specific integrated chips (ASICs), is illustrative of the China decoupling trend.
Foxconn founder Terry Gou makes first high-profile appearance in months
Terry Gou, who stepped down as Foxconn chief in 2019 and resigned as a board member last September, remains the company's largest shareholder and is still reverentially referred to by company executives as "the Founder".
The logistics of war: How Washington is preparing for a Chinese invasion of Taiwan
As worries about a Taiwan contingency rise, the U.S. military is addressing vulnerabilities, considering Australia as a secure location for equipment storage. However, critics argue that more urgency and funding are needed to enhance the dispersed logistics approach in the face of evolving geopolitical challenges.
China sanctions 5 US defence companies in response to US sanctions and arms sales to Taiwan
Chinese Foreign Ministry did not specify which arms deal or which U.S. sanctions China was responding to, though spokesperson Wang Wenbin had warned three weeks ago that China would take countermeasures following the U.S. government's approval of a $300 million military package for Taiwan in December.
View: When Xi went all xmiley face
There was no joint statement, and no progress reported on the most sensitive areas, including Taiwan. Old talking points were reused. Biden said the US reaffirms the 'one-China' policy, and Xi said to stop arming Taiwan. Biden did not relax economic or technology restrictions as China wanted, and the fundamentals of competition did not change.
Hello Tata, goodbye Wistron: The anatomy of a $750 million takeover deal
The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country's contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.
Chipmaker Intel soars 9% on signs of PC market recovery
The chipmaker was set to increase its market value by more than $10 billion, if gains hold. Other chip firms such as AMD , Nvidia and Arm rose 1% to 2%.
Fearing China, South Korea targets contractors on Taiwan navy submarines
South Korean authorities charged marine technology firm SI Innotec for violating trade laws related to its work on Taiwan's submarine program, citing the risk of Chinese economic retaliation. The police document and interviews with insiders reveal concerns about a potential repeat of Beijing's 2016 sanctions imposed on South Korea for installing the THAAD anti-missile system. SI Innotec denies wrongdoing and has appealed the charges.
SoftBank-owned Arm rises more than 10% in the year's biggest initial public offering
Arm's shares opened trading at $56.10, up 10% from its initial offering price of $51. Shares quickly rose above that, hitting $59.
Namma Yatri to start charging Bengaluru auto drivers; SoftBank’s Arm set for year’s biggest IPO
Bengaluru’s Namma Yatri autodrivers won’t have a free ride anymore. The ride-hailing app, launched by a city autorickshaw union late last year to counter Uber and Ola, has announced subscription fees for drivers from September 1.
ETtech Explainer: Softbank-owned Arm Ltd set to go public in biggest IPO of the year
SoftBank decided to take Arm public after a deal to sell the company to Nvidia Corp for $40 billion collapsed last year amid objections from US and European antitrust regulators.
SoftBank-owned Arm courts Big Tech interest in its IPO
SoftBank Group-owned chip designer Arm is getting investment interest from several major tech firms for what is expected to be one of this year's biggest initial public offerings. Arm has been in talks with about 10 companies, including Amazon.com, Intel, Alphabet and Nvidia, about investments ahead of its IPO.
Members of India Caucus introduce bipartisan legislation to fast-track weapons sales to India
Indian-American Democratic Congressmen Raja Krishnamoorthi said that under the Arms Export Controls Act, the review and sales process for weapons to American partners and allies is streamlined and accelerated. By adding India to this list, FMS will not only be approved faster but they will also be required to clear the same threshold for oversight and accountability as all other American allies.
Chinese threat in South China Sea increasing rapidly: Taiwan Foreign Minister Wu
The Chinese threat in the South China Sea is increasing significantly as China has deployed a large number of armed maritime militias in the region besides an array of warships and other military assets, Taiwanese Foreign Minister Jaushieh Joseph Wu has said, calling for united efforts by all stakeholders to deal with the challenge.
PM Modi US visit: Mutual gain is the name of the game
Modi’s US visit will be heavy on substance, not just optics. Mutual gain is the catchword. The White House has laid a full table for Narendra Modi to show intent and intensity.
China lodges complaint over S. Korean president's Taiwan remarks
China's statement comes ahead of Yoon's state visit to key ally the United States, which Beijing has blamed for arming Taiwan and encouraging pro-independence politicians. The Taiwan question is a matter "belonging to the Chinese themselves and no force can be allowed to interfere," Sun said, urging Seoul to "adhere to the One-China Principle and be careful in words and actions relating to the Taiwan issue".
Intel eyes turnaround, to work with Arm on chip manufacturing compatibility
Intel's turnaround strategy hinges in part on opening up its factories to other chip companies, particularly those in mobile phones.
U.S. and Europe have differing stance when dealing with China
The United States and its European allies share similar views on many global issues, and Russia's invasion of Ukraine has brought them closer as they coordinate weapons aid, diplomacy and sanctions to help the Ukrainians. On China, European officials are taking an increasingly skeptical view, moving closer to the hard-line consensus that has formed in Washington - a "much greater convergence," as U.S. Secretary of State Antony Blinken said in Brussels on Wednesday.
US to okay $1B arms sale to Taiwan as tensions rise with China
The acrimony and strident rhetoric between the U.S. and China over Taiwan have increased sharply since House Speaker Nancy Pelosi visited the island last month.
US irks China, agrees to sell $1.1 bn in arms to Taiwan
China is angered by the US's agreement with Taiwan to sell $1.1bn worth of arms. China says it will take all necessary counter-measures legitimately. The military equipment will include 100 air-to-air missiles and 60 anti-ship missiles. The US Taiwan News has angered China.
US greenlights $1 billion arms sale to Taiwan as tensions rise with China
The largest portion of the sale is a $655 million logistics support package for Taiwan's surveillance radar program, which provides air defense warnings. Early warning air defense systems have become more important as China has stepped up military drills near Taiwan, which it regards as a renegade province.
Taiwan scraps deal to buy US anti-submarine helicopters
The island was planning to buy up to 12 Seahawk choppers but the deal has been scrapped as Taipei prioritises lower cost, more mobile weaponry to counter any threat from China.
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