Beijing-based, Cayman-domiciled Xiaomi priced its IPO at $2.17 – the bottom end of its indicative range. On Friday, sources close to Xiaomi Corp’s Hong Kong initial public offering (IPO) disclosed, the Chinese firm priced the IPO at the bottom of an indicative range, of HK$17 to HK$22, and raised $4.72 billion. Xiaomi is selling around…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
Employing more than 1 million people, Foxconn’s export market includes both the United States and China. On Friday, Hon Hai Hon Hai Precision Industry Co Ltd, also known as Foxconn, stated the tariff war between the United States and China is more of a tech war than a trade war. This tech war is the…
The move is part of a larger, strategic bipartisan efforts by U.S. lawmakers to rein in collaboration between U.S. tech companies and their Chinese peers, especially in the field of artificial intelligence and machine learning which have application in the military. In a bipartisan move, Republican and Democratic lawmakers have asked Alphabet Inc’s Google on…
Qualcomm is set to use NXP’s assets to diversify its business. According to a South China Monitoring Post report, China’s regulators have approved U.S. chipmaker Qualcomm Inc’s $44 billion merger deal with NXP Semiconductors. According to sources familiar with the matter at hand, the decision by China’s Ministry of Commerce clears a multi-months roadblock which…
Despite facing manufacturing hell, Elon Musk, Tesla’s CEO, stated he is confident that the company will be able to meet and surmount challenges in the production of the Model 3 and that the company will be profitable in either the third or the fourth quarter of this year. In a significant development that will have…
Given the impetus and the focus that China has laid on ZTE in the ongoing U.S.-China trade negotiations, is probably indicative of the role played by the Chinese firm in its strategic China 2025 policy. China will also need to come of age in the semiconductor industry if it wants to be at par with…
Although tech companies are on the same page as the Trump Administration on it’s findings on the Section 301 investigation, it is of the view that the current strategy is not sustainable and results could be better achieved through an international coalition that challenges China at the World Trade Organization. On Monday, a trade group…
The agreement, spanning several years, covers areas of technology related to RF Front-End components. Qualcomm Technologies Inc stated it has signed memorandums of understanding (MOU) for sales worth at least $2 billion with Xiaomi Communications, Lenovo Group, Vivo Communication Technology and the Guangdong OPPO Mobile Telecommunications Corp. On Thursday, the U.S. chipmaker disclosed that the…
By extending the tax rebate on NEVs upto December 31, 2020, China aims to provide a financial support structure for green vehicles. In efforts aimed at boosting the adoption of hybrid and electric cars, China stated it will extend its tax rebate on the purchase of these new-energy vehicles (NEV) until the end of 2020.…
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