Trump Administration adds China’s Comac and Xiaomi to trade blacklist

The Trump Administration has added nine Chinese companies, including Chinese plane maker Comac and mobile phone maker Xiaomi,  to a trade blacklist which Washington thinks are owned or controlled by the Chinese military. These companies will be subject to a new U.S. investment ban which will compel American investors to divest their holdings of the…

Beijing should impose digital tax on big data companies: government-backed Beijing News

In the latest sign of heightened government scrutiny over big technology companies, Beijing in a report News stated, China should consider imposing a digital tax on technology companies that hold vast amounts of user data. “Some third-party platform-like enterprises hold a large amount of users data, just like holding precious mineral mines,” said the state-backed…

ByteDance weaponizes legal system through endless negotiations, revised filings

According to a court filing, the Trump administration has granted TikTok’s owner ByteDance a new seven-day extension to an existing order directing the Chinese company to sell its TikTok short video-sharing app. Earlier the the Trump administration had granted ByteDance a 15-day extension which was set to expire on Friday. On August 14, U.S. President…

Intel sells its NAND chip business to South Korea’s SK Hynix for $9 billion

In a significant development, Intel Corp has agreed to sell its NAND memory chip business to South Korea’s SK Hynix Inc for $9 billion. The all-cash deal will propel the South Korean chipmaker to the second spot in global rankings. The development marks Intel’s efforts to divest its non-core businesse and move away from the volatile commodity…

Huawei’s mobile equipment gradually being replaced with Nokia equivalent in EU

According to two sources close to the matter at hand, telecom operators Orange Belgium and Proximus plan on replacing Huawei’s mobile equipment in Belgium and Luxembourg with Nokia equivalent. The development comes with growing recognition of U.S. accusations that Huawei’s telecom gear could be used for economic and military espionage purposes by Beijing. Both Nokia…

Prices of Huawei phones rising every hour on fears on shortages

Chinese consumers are rushing to purchase Huawei’s smartphone featuring its high-end Kirin chips, fearing that the company’s production of its premium handsets will face punitive curbs by U.S. trade action. According to Huaqiangbei, smartphone vendors in China’s southern city of Shenzhen, are seeing a steady rise in the prices of used and new Huawei phones…

Chinese State Councillor Wang Yi announces data security initiative

On Tuesday, in an interesting turn of events, China unveiled its global data security initiative to oppose data theft by using information technology to undermine key infrastructure, and forcing companies to store data generated overseas in their home country. In a statement, China’s State Councillor Wang Yi said, the initiative calls for tech companies to…

Venture capital arm of Intel Corp invests in 2 Chinese startups

On Wednesday, the venture arm of U.S. chipmaker Intel Corp, Intel Capital stated it has invested in two Chinese startups in the semiconductor sector. The fresh investments comes at a time when there is heightened tensions between Washington and Beijing over chip manufacturing. One of the Chinese startups, Intel Capital has invested is ProPlus. It…

Sharp drags Vizio Inc, Xianyang CaiHong Optoelectronics Technology and TPV Technology to court over patent infringements

Japan’s Sharp Corp has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others in an attempt to seek an injunction to ban one of Vizio’s TV products in the United States. In a statement, Sharp, a unit of Taiwan’s Foxconn, said Vizio’s 70-inch TV product uses liquid crystal display (LCD)…