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US lawmaker questions Intel CEO's ties to China in letter to company board chair - The Economic Times
Economic Times
·
2d ago
Medial
U.S. Senator Tom Cotton raised concerns over Intel CEO Lip-Bu Tan’s links to Chinese companies in a letter questioning the company's board about Intel's national security integrity. He scrutinized Tan's investments, disclosures, and former connections to Cadence Design, which faced legal issues over Chinese sales. Although Tan reportedly divested from Chinese entities, his investments raised questions amid Intel's involvement in a U.S. defense program. Intel confirmed commitment to U.S. security, promising to address the concerns raised by Cotton.
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Related News
US lawmaker calls for probe of UAE tech firm over China ties
Economic Times
·
1y ago
Medial
A US lawmaker has requested the consideration of trade restrictions on United Arab Emirates-based AI firm Group 42 Holdings (G42) due to its connections with China. Mike Gallagher, the Republican chair of the House Select Committee on the Chinese Communist Party, expressed concerns about G42's business relationships with Chinese military companies and blacklisted entities, such as Huawei. He has urged the Department of Commerce to evaluate whether G42 and its subsidiaries should be added to a trade blacklist.
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Amid US tariff heat, China opens door to more premium Indian exports, says Chinese envoy
Business Today
·
3m ago
Medial
Amid rising US-China trade tensions, China expressed interest in stronger economic ties with India. Chinese ambassador Xu Feihong emphasized China's openness to premium Indian exports and commitment to aiding Indian businesses in accessing its large consumer market. He highlighted mutual benefit and win-win cooperation as core principles of China-India trade relations, stating that China's trade surpluses are market-driven and adapt to evolving economic conditions.
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India must work with Chinese capital, supply chains to become manufacturing hub: Former Intel executive
Economic Times
·
2m ago
Medial
India's ambition to become a manufacturing hub may falter without collaborating with Chinese capital and supply chains, warns former Intel executive William Huo. He suggests India emulate China's 1980s strategy of embracing Japanese investment and technology. Huo emphasizes the need for a comprehensive national industrial policy beyond slogans like 'Make in India.' He cautions against severing ties with China and notes potential future challenges with US relations as India's economy grows.
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US lawmaker presses for details of Pentagon use of Chinese engineers under Microsoft deal - The Economic Times
Economic Times
·
15d ago
Medial
A US lawmaker has demanded more information from the US Defense Department concerning its sharing of information with Chinese engineers under a cloud computing contract with Microsoft. This follows a report that Microsoft used China-based engineers for military technical support, a practice it has since discontinued. Senator Tom Cotton expressed security concerns about past contracts and processes, urging a review of potential security breaches and Microsoft's audit outcomes regarding this arrangement.
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US states ask SEC to check if Shein complies with forced labor rules
Economic Times
·
1y ago
Medial
Republican attorneys general from 16 US states have requested the Securities and Exchange Commission (SEC) to audit Shein's supply chain for potential forced labor use before the China-founded fast-fashion retailer's IPO. The letter, amid heightened US-China tensions, adds pressure to Shein as Congress focuses on Chinese firms misaligned with US foreign policy goals. Shein, known for its $7 dresses and $5 home goods, shifted its headquarters to Singapore but primarily manufactures in China. The letter urged the SEC to verify compliance with US laws banning imports produced with forced labor. Shein is reportedly considering a US IPO.
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Nvidia CEO's China charm offensive underscores rock star status in key market - The Economic Times
Economic Times
·
18d ago
Medial
Nvidia CEO Jensen Huang visited China, strengthening his popularity amid U.S.-China trade tensions. During his visit, he praised Chinese tech advancements while delicately balancing U.S. concerns. Huang attended the China Supply Chain Expo, emphasizing Nvidia's commitment to the market despite geopolitical complexities. His visit, marked by public engagements and press meetings, signals Nvidia's strategic navigation between competing in China's tech market and adhering to U.S. policies, highlighting the company's global ambitions and challenges.
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US chip bans not meant to hobble China's growth, Blinken says
Economic Times
·
1y ago
Medial
US export controls on sending advanced computing chips to China are not aimed at hindering China's economy or technological progress, according to Secretary of State Antony Blinken. Despite the restrictions imposed on exporting computing chips to China since 2022, Intel and Qualcomm have been granted licenses to continue supplying chips to Huawei. Blinken emphasized that the US is focused on safeguarding sensitive technology that could potentially threaten security, rather than impeding trade or restraining China as a whole. The rationale behind granting exemptions to Intel and Qualcomm, while neglecting their competitors, AMD and MediaTek, remains unclear.
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SEC reopens probe into Elon Musk's Neuralink
Economic Times
·
7m ago
Medial
The US Securities and Exchange Commission (SEC) has reopened an investigation into Elon Musk's brain-chip startup Neuralink. A letter from Musk's lawyer to the outgoing SEC Chair mentioned a settlement demand and offered a 48-hour window for Musk to make a monetary payment or face charges. The letter also stated that Musk and his lawyer would not be intimidated by the SEC and reserved their legal rights. Neither the SEC nor Neuralink have provided any comment on the matter.
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Elon Musk complains about China’s ban on X
Arstechnica
·
6m ago
Medial
Elon Musk criticized China's ban on X, highlighting an imbalance in US-China tech relations, especially as TikTok faces a US ban. While opposing TikTok bans on free speech grounds, Musk pointed out the asymmetry where TikTok is allowed in the US, but X is not allowed in China. Chinese officials stated foreign companies are welcome if compliant with local laws. Musk’s remarks underscore potential conflicts between his business ties in China and his advisory role in the incoming US administration.
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Intel, AMD fall on report China blocks U.S. chips in state computers
Reuters
·
1y ago
Medial
Shares of Intel and Advanced Micro Devices (AMD) dropped by over 2% following reports that China will limit the use of their chips and servers in government computers. This move could potentially impact billions of dollars in sales for the US companies, as China is Intel's largest market and accounts for a significant portion of AMD's sales. Analysts predict that a total cessation of China's governmental purchases of Intel and AMD CPUs could lead to a revenue hit of up to $1.5 billion for Intel and a few hundred million dollars for AMD. Microsoft, whose revenue from China is not disclosed separately, also saw a slight decline in its shares.
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