Fighting to maintain its access to major markets for next-generation communications, Chinese tech giant Huawei is challenging the constitutionality of a 2018 U.S. law that bars it from selling telecoms equipment to U.S. government agencies and contractors. In a motion filed late Tuesday in eastern Texas federal court, Huawei argues for summary judgment in the case in filed in March. CEO May 25, 2019
Like many suburban shopping areas, Overland Park, Kansas, has a Whole Foods grocery store and a Cheesecake Factory. Now, it’s among the first to have a Sears Home & Life store. For five decades, from 1967 to 2017, Sears had presence in the booming town, which is also home to Sprint ‘s headquarters.
In response to questions by the National Post, China s embassy said the decision amounted to the politicization of normal economic cooperation between China…
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OTTAWA Representatives of the Chinese government say Canada was “wrong” to reject the proposed takeover of an Arctic gold mine by a state-owned company, the latest jab in an already-fraught relationship between the two countries.
Canada on Tuesday rejected the proposed takeover of Toronto-based TMAC Resources Inc. by China’s Shandong Gold Mining Co. Ltd., citing national security concerns. Under the deal, Shandong would have paid $230 million not including debt to acquire the Canadian firm, which is developing a gold mine in Hope Bay, Nunavut.
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China Adds 60,000 New Chip Firms In 2020 For 22% Annual Growth Reveals Data Dec 22, 2020 12:13 EST
At the close of last week, the United States Department of Commerce (DoC) officially added China s Semiconductor Manufacturing International Corporation (SMIC) to its Entity List, as it expanded the scope of American sanctions against Chinese companies. The Department s rationale behind this decision was similar to the one it had cited for adding another Chinese company, Huawei Technologies Ltd., to the list, with fears of the latest tech products manufactured using American-origin technology making their way to the Chinese military being the rationale for both additions.
Huawei s sanctions also breathed fresh air into China s attempts of developing its own chip fabrication industry, as investors in the country channeled into the sector and the corresponding valuations and costs went up. Now, with the year coming to an end, data compiled from the Chinese data repository Tianyanc
China s leaders say tech growth top priority amid US tension JOE McDONALD ,
BEIJING (AP) China s ruling Communist Party called Friday for faster technology development to increase the country s economic independence amid tensions with Washington that have disrupted access to computer chips and other high-tech components.
China also needs to improve control over its industrial supply chains and increase consumer demand to support self-sustaining economic growth, party leaders said in a statement following a meeting to set economic priorities for the coming year.
President Xi Jinping’s government is showing increasing urgency about developing Chinese competitors in electric cars, telecoms, biotech and other fields as a path to prosperity and global influence. The ruling party wants to reduce reliance on foreign suppliers, which it sees as a strategic weakness.