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US pushes Vietnam to decouple from Chinese tech, sources say

Economic Times

Economic Times · 2m ago

US pushes Vietnam to decouple from Chinese tech, sources say

The United States is urging Vietnam to reduce reliance on Chinese technology in its manufacturing, especially for exports to the U.S. The aim is to decouple from Chinese high-tech, boosting Vietnam's industrial capacity. This follows discussions amidst threats of tariffs on Vietnam exports. Vietnam assembles products for major tech firms like Apple and Samsung, often using Chinese components. While Vietnam is willing, full restructuring faces challenges, needing time for development and potential economic impacts.

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Vietnam eyes first semiconductor plant, US officials warn of high costs

Economic Times

Economic Times · 1y ago

Vietnam eyes first semiconductor plant, US officials warn of high costs

Vietnam Eyeing First Semiconductor Plant as US Officials Warn of High Costs Vietnam is considering the establishment of its first semiconductor plant, despite warnings from US officials about potential high costs. The country is seeking to reduce its reliance on imported technology and boost its domestic semiconductor industry. However, US officials have cautioned Vietnam that building a high-tech semiconductor plant could be expensive, with costs potentially reaching billions of dollars.

The US wants Vietnam to be its new tech best friend

Wired · 1y ago

The US wants Vietnam to be its new tech best friend

The article discusses the US's growing interest in Vietnam as a potential partner in the technology supply chain, aiming to reduce its dependence on China. President Joe Biden recently visited Vietnam with leaders from top US technology companies to explore opportunities for collaboration. While Vietnam offers a stable economy and location advantages, experts caution that it cannot replace China's manufacturing scale and skills in the tech industry. Vietnam's relatively small and low-skilled semiconductor workforce and limited role in global semiconductor trade pose challenges to becoming a major player in the supply chain. Investments from US companies have been made, but complete decoupling from China seems unlikely.

Meta pushes zero-carbon energy strategy with solar deal

Economic Times

Economic Times · 8m ago

Meta pushes zero-carbon energy strategy with solar deal

Tech giant Meta has signed a contract with Invenergy, a renewable energy firm, for 760 megawatts of solar power capacity. Meta is actively searching for cleaner power sources, including nuclear, to meet its expanding power needs driven by the adoption of artificial intelligence. The agreement involves solar facilities across four US states and brings Meta's total renewable energy agreements with Invenergy to over 1 gigawatt. The projects are expected to start operations between 2024 and 2027 and will supply local power grids while Meta receives clean energy credits. The move supports Meta's goal of powering all operations with renewable energy.

US, Vietnamese top diplomats discuss greater chip cooperation: state department

Economic Times

Economic Times · 1y ago

US, Vietnamese top diplomats discuss greater chip cooperation: state department

US Secretary of State Antony Blinken and Vietnamese Foreign Minister Bui Thanh Son met to discuss increasing cooperation in semiconductors and diversifying supply chains. This follows President Biden's visit to Vietnam in September to strengthen ties between the two countries. The US aims to reduce reliance on Chinese supply chains by expanding domestic manufacturing and enhancing trade with trusted partners. Discussions also covered human rights, security, education, and culture. Amnesty International and other rights groups previously criticized Biden for not prioritizing human rights during his Vietnam visit, although he claimed to have raised the issue.

Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources

Economic Times

Economic Times · 1y ago

Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources

Chinese tech companies, including Huawei and Baidu, are reportedly stockpiling high bandwidth memory (HBM) semiconductors from Samsung due to potential US export curbs. These firms have increased their purchases of HBM chips since early this year, making China account for around 30% of Samsung's HBM chip revenue in H1 2024. The move reflects China's desire to maintain its technology ambitions amid escalating trade tensions with the US and others, showing the impact of these tensions on the global semiconductor supply chain. The US is expected to introduce export restrictions on HBM chips as part of a new package.

US-China tech war seen heating up regardless of whether Trump or Harris wins

Economic Times

Economic Times · 10m ago

US-China tech war seen heating up regardless of whether Trump or Harris wins

Both the US and China are expected to escalate their tech war, regardless of who wins the US presidential election. The Democrat candidate, Kamala Harris, is likely to implement targeted rules to limit the flow of Chinese tech imports and work with allies to prevent US tech from aiding the Chinese military. On the other hand, the Republican candidate, Donald Trump, may take a more aggressive approach, imposing stricter export controls and tariffs not only on Chinese chips but also on products containing those chips. Both sides aim to curb China's technological advancement and prevent US money and technology from boosting China's military capabilities.

DeepSeek's answers include Chinese propaganda, researchers say

Economic Times

Economic Times · 6m ago

DeepSeek's answers include Chinese propaganda, researchers say

DeepSeek, a Chinese AI chatbot, reflects the Chinese Communist Party's views, according to researchers. It spreads propaganda and misinformation, particularly on sensitive topics like Taiwan and the Uyghur repression in Xinjiang. NewsGuard's report labels DeepSeek a "disinformation machine," noting that it often presents China's perspective. DeepSeek's responses generally align with the Chinese government's official stance, raising concerns about China's influence in global public opinion through new tech, paralleling concerns with TikTok.

Trump’s tariff threat, China’s retaliation leave Apple stuck between a rock and a hard place - The Economic Times

Economic Times

Economic Times · 1m ago

Trump’s tariff threat, China’s retaliation leave Apple stuck between a rock and a hard place - The Economic Times

Apple is facing challenges from both the U.S. and China, with tariffs potentially impacting its manufacturing plans. China is retaliating by pulling Chinese workers from Apple's Indian facilities and tightening tech restrictions. India is trying to reduce its dependence on China by ramping up domestic electronics production, aiming for 38% value addition in five years. Meanwhile, Vietnam capitalizes on trade deals with the U.S., potentially threatening India's aspirations as a key Apple manufacturing hub.

What is driving Walmart's shift from China towards India for imports?

Livemint

Livemint · 1y ago

What is driving Walmart's shift from China towards India for imports?

Multinational retail corporation Walmart is reducing its reliance on Chinese supply chains and increasing imports from India. Between January and August 2023, Walmart imported 25% of its US imports from India, up from just 2% in 2018. Growing geopolitical tensions and cost factors are driving Walmart to shift supply chains from China to countries like India, Thailand, and Vietnam. Walmart aims to import $10 billion worth of goods annually from India by 2027 and is currently sourcing products ranging from toys to pharmaceuticals from the country.

Exclusive: SpaceX's talks with Vietnam over Starlink on hold, sources say

Reuters · 1y ago

Exclusive: SpaceX's talks with Vietnam over Starlink on hold, sources say

SpaceX's plans to provide communication services to Vietnam through its Starlink satellites have reportedly been put on hold. Vietnam, which has strict rules for satellite services, had been in discussions with SpaceX officials for several months. However, talks were suspended when it became clear that Vietnam would not soften foreign ownership limits for the company. As a result, Starlink's pilot services for Vietnam's coast guard, which used the satellites to guide drones in the South China Sea and the Gulf of Thailand, were interrupted. It is currently unclear if talks will resume.

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