China's vice foreign minister urges US to open the door to business as Beijing unlocks borders
Xie Feng, China’s next likely US ambassador, appealed for cooperation, not confrontation, during a speech in Beijing.
Source: scmp.com
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Chinese semiconductor stocks have more room to fall as demand for smartphones, PCs and EVs weakens in short term: BCA Research
It is best to wait for better signs of industry recovery before going overweight on Chinese semiconductor producers, according to BCA Research. Despite China’s economic reopening, consumer confidence will need time to rebound.
Source: scmp.com
Dell's plan to reduce China exposure points to accelerated decoupling and supply chain diversification, analysts say
Analysts say more Big Tech brands are evaluating their exposure to China production amid increasing geopolitical headwinds.
Source: scmp.com
Samsung profit tumbles 69 per cent in historic drop on memory chip price slump
Profit slumped last quarter by the most in more than a decade as memory chip prices crashed. Samsung may have to rein in capital expenditure to conserve cash, Citigroup says.
Source: scmp.com
US-China tech war: US efforts to control chips industry will put Taiwan at risk
Taiwan’s dominance in advanced chip-making makes it vulnerable. If the US is truly concerned not just for Taiwan’s security but its long-term prosperity, then the effort to contain China’s technological development is foolhardy and likely to backfire.
Source: scmp.com