Jan 26, 2021
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.
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 used for everything from parking sensors to reducing emissions. With carmakers including Germany’s Volkswagen AG, Ford Motor Co. of the U.S. and Japan’s Toyota Motor Corp. forced to halt production and idle plants, Taiwan’s importance has suddenly become too big to ignore.
SMICY ALERT: Pawar Law Group Announces a Securities Class Action Lawsuit Against Semiconductor Manufacturing International Corp.– SMICY
NEW YORK, Jan. 25, 2021 (GLOBE NEWSWIRE) Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Semiconductor Manufacturing International Corp. (OTC: SMICY) from April 23, 2020 through September 26, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Semiconductor Manufacturing International Corp. investors under the federal securities laws.
To join the class action, go here or call Vik Pawar, Esq. toll-free at 888-589-9804 or email [email protected] for information on the class action.
According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: there was an “unacceptable risk” that equipment supplied to SMIC would be used for military purposes; SMIC was foreseeably at risk of facing U.S. restri
Jan 23, 2021
Back in 2008, when Joe Biden was on the campaign trail running for vice president, the Democratic senator from Delaware once told fundraisers that the world will “test the mettle” of Barack Obama.
Now that Biden has been inaugurated as the 46th president of the United States, it’s his turn to be tested.
Biden faces a host of daunting foreign policy challenges, from repairing fractured alliances to recommitting to global responsibilities.
Chief among the many conundrums is the growing China challenge. As the world’s second largest economy continues to challenge American power on the global stage, Biden inherits a massive trust deficit from Trump, and a U.S.-China relationship that has deteriorated because of an increasingly assertive China, but also by an ill-defined and inconsistently executed China policy.