Xiaomi Corp sued the US Defence and Treasury departments, challenging a blacklisting that blocks American investors from buying the Chinese smartphone giant’s securities. The lawsuit came after the De
World is dangerously dependent on Taiwan for semiconductors
World is dangerously dependent on Taiwan for semiconductors
Taiwan’s role in the world economy largely existed below the radar, until it came to recent prominence as the auto industry suffered shortfalls in chips. Text Size:
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As China pushes the world to avoid official dealings with Taiwan, leaders across the globe are realizing just how dependent they’ve become on the island democracy.
Taiwan, which China regards as a province, is being courted for its capacity to make leading-edge computer chips. That’s mostly down to Taiwan Semiconductor Manufacturing Co., the world’s largest foundry and go-to producer of chips for Apple Inc. smartphones, artificial intelligence and high-performance computing.
Biden’s commerce pick vows toughness on China
‘ANTI-COMPETITIVE’: Gina Raimondo promised to be aggressive to help US companies compete against China’s unfair practices, such as dumping cheap steel
AFP, WASHINGTON
US President Joe Biden’s nominee for secretary of commerce, Gina Raimondo, on Tuesday pledged during a US Senate confirmation hearing to be tough on China for “anti-competitive” trade practices.
“Should I be confirmed, I plan to be very aggressive, to help Americans compete against the unfair practices of China,” she told lawmakers.
Raimondo, the first female governor of the US state of Rhode Island, said that China has “clearly behaved in ways that are anti-competitive, dumping cheap steel and aluminum into America, which hurts American workers and hurts the ability of our companies to compete.”