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China's pharma firm WuXi AppTec shared US client's data with Beijing

Economic Times

Economic Times · 1y ago

China's pharma firm WuXi AppTec shared US client's data with Beijing

US intelligence officials informed senators that Chinese pharmaceutical company WuXi AppTec had unlawfully transferred US intellectual property to Beijing. The US government is concerned that certain Chinese biotech firms are contributing technology or research development to China's military. The proposed biotech security bill would limit US government funds going to these Chinese companies. The briefing, attended by about a dozen senators, highlighted that WuXi AppTec and other Chinese firms had engaged in activities contrary to US national security interests. The bill has since been approved by the Senate's homeland security committee.

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US Air Force sounds alarm on China's missile arsenal and 'Kill Web' threat

Economic Times

Economic Times · 2m ago

US Air Force sounds alarm on China's missile arsenal and 'Kill Web' threat

Leaders in the US Air Force have expressed concerns about China's missile capabilities and "kill web," as its arsenal threatens US defenses and Taiwan. The forthcoming US Department of Defense budget emphasizes strengthening defenses in the Indo-Pacific due to this growing threat. Officials worry about China's integration of surveillance with missile systems for rapid strikes. Experts suggest China's potential invasion of Taiwan is risky, with political and economic pressures being more likely strategies Beijing may employ.

Huawei founder waves off US chip curbs while trade talks proceed

Economic Times

Economic Times · 2m ago

Huawei founder waves off US chip curbs while trade talks proceed

Huawei founder Ren Zhengfei claims US tech export restrictions have minimal impact on China's chip sector, as domestic firms innovate with chip packaging and open-source AI development. The statement coincides with US-China trade talks focused on tech shipments and export controls. US Commerce Secretary highlights these controls limiting China's semiconductor progress. Despite restrictions, Huawei has advanced in semiconductors, AI, and EVs, stressing its independence from Beijing amidst ongoing tensions over its operations.

Thailand approves $2.7 billion of investments in data centres and cloud services

Economic Times

Economic Times · 5m ago

Thailand approves $2.7 billion of investments in data centres and cloud services

Thailand's investment board approved $2.7 billion worth of investments in data centres and cloud services, aiming to expand its tech sector. Projects involve companies like China's Beijing Haoyang Cloud&Data Technology and Singapore's Empyrion Digital. The investments include a 300-megawatt data centre by Beijing Haoyang and a 35 MW data centre by GSA Data Center 02. The region's tech infrastructure surge follows projects from TikTok, Google's $1 billion investment, and Amazon Web Services' $5 billion commitment.

China criticises new US rule banning use of Huawei's Ascend advanced computer chips

Economic Times

Economic Times · 3m ago

China criticises new US rule banning use of Huawei's Ascend advanced computer chips

China criticizes a new US rule that bans the global use of Huawei's Ascend advanced computer chips, part of ongoing trade tensions despite recent agreements. Beijing accuses the US of hampering mutually beneficial cooperation, while also lifting some retaliatory measures, like the ban on rare earth exports. Huawei's chips are integral to China's tech ambitions, and the US restrictions are framed as violating export controls, affecting China's AI advancements and trade relations.

The White House Warns Cars Made in China Could Unleash Chaos on US Highways

Wired · 1y ago

The White House Warns Cars Made in China Could Unleash Chaos on US Highways

The US government has launched an investigation into the national security risks posed by foreign-made vehicles with internet connectivity, particularly those made in China. Secretary of Commerce Gina Raimondo expressed concerns about the potential for Beijing to remotely disable Chinese-made vehicles on American roads. The investigation will explore how these vehicles could be used for espionage, data collection, or sabotage. The move is part of a broader concern about China's technology ambitions and its impact on the US auto market. Chinese automakers, such as BYD, have become major players in global car manufacturing, including electric vehicles.

Senate Republican leader backs legislation to force Chinese divestment of TikTok

Economic Times

Economic Times · 1y ago

Senate Republican leader backs legislation to force Chinese divestment of TikTok

US Senate Republican Leader Mitch McConnell is pushing for legislation that would require China's ByteDance to divest TikTok due to security concerns. The US House of Representatives has already voted in favor of the divestment, giving ByteDance six months to comply or face a ban. Senate Commerce Committee Chair Maria Cantwell is working on a game plan with Senate Democratic Leader Chuck Schumer and Senate Intelligence Committee Chair Mark Warner. TikTok argues that a ban would violate the First Amendment rights of its 170 million American users and insists it has never shared US data.

China commerce minister meets Apple's Tim Cook

Economic Times

Economic Times · 1y ago

China commerce minister meets Apple's Tim Cook

China's commerce minister, Wang Wentao, met with Apple CEO Tim Cook to discuss Apple's development in China and Sino-US economic and trade relations. The meeting followed the opening of Apple's new store in Shanghai, as the company faces challenges such as declining iPhone sales in China and competition from domestic brands like Huawei. Wang expressed that China is willing to collaborate with the US to create a fair and stable environment for business cooperation. Cook is expected to attend the China Development Forum in Beijing next week.

China's version of Neuralink unveiled at tech forum

Economic Times

Economic Times · 1y ago

China's version of Neuralink unveiled at tech forum

Chinese company Beijing Xinzhida Neurotechnology has revealed a brain chip called Neucyber that allows a monkey to control a robotic arm using only its thoughts. The technology is similar to that developed by Elon Musk's Neuralink. The chip is a high-performance invasive brain-computer interface that has been independently developed by Xinzhida. The company is backed by the Beijing municipal government's state asset regulator. This unveiling at the Zhongguancun Forum in Beijing showcases China's ambition to catch up with Neuralink, which has already implanted its brain chips in humans.

US weighs letting UAE buy over a million advanced Nvidia chips

Economic Times

Economic Times · 3m ago

US weighs letting UAE buy over a million advanced Nvidia chips

The Trump administration is negotiating a deal to allow the United Arab Emirates to import over a million advanced Nvidia chips, surpassing Biden-era limits. This decision has raised concerns about US hardware reaching China. The deal, still under negotiation, could empower UAE's AI firm G42 and US companies building data centers there. If finalized, it signifies a shift in US policy towards AI expansion in the Middle East, amid concerns about China's technological advancements.

US probes China chip industry on 'anticompetitive' concerns

Economic Times

Economic Times · 8m ago

US probes China chip industry on 'anticompetitive' concerns

The United States is launching an investigation into China's semiconductor industry policies due to concerns that Beijing is using anticompetitive methods to weaken other economies. The probe will focus on foundational semiconductors, which are used in various products. The US Trade Representative's office believes that China's actions are undermining American industry, supply chains, and economic security. The investigation aims to strengthen supply chains and domestic manufacturing. This move follows President Biden's efforts to reduce reliance on other countries for chip production. The investigation will utilize Section 301 of the Trade Act, allowing officials a year to complete their investigation and determine responses.

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