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Shares of Evergrande EV unit slide 27% after it warns of losing assets

Shares of China Evergrande New Energy Vehicle Group plunged 27% on Wednesday after it said it faces the risk of losing key assets such as land and equipment. The subsidiary of.

Exclusive-Chinese AI chip firms downgrading designs to secure TSMC production, sources say

Some Chinese AI chip companies are now designing less powerful processors to retain access to Taiwan Semiconductor Manufacturing Co (TSMC) production in the face of U.S. sanctions, four people with knowledge of the matter said. Aiming to impede breakthroughs in artificial intelligence and supercomputing by China's military, Washington has imposed a series of export controls on highly sophisticated processors from companies such as Nvidia and on chip manufacturing equipment.

Exclusive-Chinese AI Chip Firms Downgrading Designs to Secure TSMC Production, Sources Say

Exclusive-Chinese AI Chip Firms Downgrading Designs to Secure TSMC Production, Sources Say
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