The US-China tech war won’t end under Biden
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US President-elect Joe Biden arrives with wife Jill Biden to deliver remarks on the Electoral college certification at the Queen Theatre in Wilmington, Delaware on December 14, 2020. (Photo by ROBERTO SCHMIDT / AFP)
(AFP)
Jacky Wong
, The Wall Street Journal
A softer touch is likely, but Democrats and Republicans share concerns about the threat to core American industries and China’s techno-authoritarian ambitions
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The tech war between the U.S. and China will likely continue under the Biden administration, although modestly sweeter talk may mask some of the deep bitterness.
TSMC says demand remains resilient
BATTLE OVER? TSMC’s Morris Chang and UMC founder Robert Tsao shook hands at an event at the Hsinchu Science Park, indicating a thaw in the two men’s feud
By Lisa Wang
Customer demand would remain resilient through the first half of next year, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday, denying speculation that orders would be cut due to overbuilt inventory.
The Hsinchu-based chipmaker said that US-China trade disputes and the COVID-19 pandemic have changed semiconductor supply chains and redefined overbooking, or double booking.
Building higher inventory has “become a new norm for supply chains,” TSMC chairman Mark Liu (劉德音) told reporters on the sidelines of an international forum celebrating 40th anniversary of the Hsinchu Science Park (新竹科學園區), when asked about growing concern among investors over inventory corrections.
Nomura s China Securities JV Is Embroiled in Data Breach Scandal Zhou Nan Nomura s China Securities JV Is Embroiled in Data Breach Scandal
(Yicai Global) Dec. 15 Japan’s biggest brokerage and investment bank Nomura Holdings’ joint venture securities firm in China is reeling from recent allegations that it leaked confidential data about a third party without performing the necessary internal checks, the JV said.
The reputation of Nomura Orient International Securities, China’s first foreign-controlled brokerage, has been severely damaged, it said on Dec. 13. The Shanghai-based company has reported the incident to the authorities and reserves the right to take legal action against those responsible, it added.
1 2020-12-14 16:47:43Global Times
Editor : Li Yan
ECNS App Download Pedestrians walk past the New York Stock Exchange (NYSE) in New York, the United States, Sept. 3, 2020. U.S. stocks plunged on Thursday, as a steep sell-off in tech shares dragged down the market. The Dow Jones Industrial Average fell 807.77 points, or 2.78 percent, to finish at 28,292.73. The 30-stock index shed more than 1,000 points, or about 3.5 percent, at the lows. The S&P 500 fell 125.78 points, or 3.51 percent, to end at 3,455.06. The Nasdaq Composite Index sank 598.34 points, or 4.96 percent, to 11,458.10. (Xinhua/Wang Ying)
China s Foreign Ministry criticized Monday a U.S. government move to order the NASDAQ to remove Chinese companies stocks from its indexes, calling the Trump administration s move an abuse of state power by cracking down on Chinese companies and directing global investors to invest in Chinese companies th
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