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Search resuls for: "— CNN’s Wayne Chang"


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☆ Banning TikTok would hit China’s tech ambitions and deepen the global digital divide
  + stars: | 2024-04-24 | by ( Laura He | ) edition.cnn.com   time to read: +7 min
Not only would that deal another huge blow to China’s tech ambitions, it would further deepen the divide between two digital worlds centered around the rival economic superpowers. Congress on Tuesday approved legislation that could compel ByteDance to sell TikTok or face a national ban. That leaves few options for ByteDance to secure the future of TikTok in the US, its biggest market with 170 million users. “This includes everything from who owns and operates data centers, to space-based internet satellites, to undersea cables and, of course semiconductors.”In that sense, the TikTok ban has its silver lining for Beijing. Growing challenges for Chinese appsThe TikTok legislation was included in a wide-ranging foreign aid package meant to support Israel, Ukraine and Taiwan.
Persons: Hong Kong CNN —, ByteDance, Joe Biden, TikTok, “, ”, Alex Capri, Richard Windsor, Capri, Biden, Paul Triolo, ” Triolo, Wang Wenbin, CNN’s Marc Stewart, Triolo doesn’t, — CNN’s Wayne Chang, Marc Stewart Organizations: Hong Kong CNN, Foundation, National University of Singapore’s Business, YouTube, Google, Radio Free Mobile, TikTok, Technology, Albright, Commerce Department, Commerce, China’s, Foreign Ministry, Facebook, Apple Locations: China, Hong Kong, America, Beijing, Capri, “, Asia, Israel, Ukraine, Taiwan, Silicon Valley, American, Bytedance, “ Beijing
☆ China's State Council shakeup aims to counter rising US tech restrictions and financial risks
  + stars: | 2023-03-08 | by ( Laura He | ) edition.cnn.com   time to read: +6 min
“These proposed institutional changes reflect key focus areas of Chinese policymakers in the next few years, namely improving financial regulation coordination to enhance financial stability,” Goldman Sachs analysts said on Wednesday. Among the changes announced Tuesday during the annual gathering of the National People’s Congress, Beijing will set up a new powerful financial regulator: the National Financial Regulatory Administration (NFRA). VCG/Getty ImagesA super regulatorChina’s financial system has traditionally been jointly overseen by the People’s Bank of China, the CBIRC and the China Securities Regulatory Commission (CSRC). The new regulator is meant to “better manage risks” in the financial system and strengthen the supervision of “institutions, behaviors, and functions,” the government proposal said. The move comes as risks to the stability of China’s financial system are rising amid a housing market slump and economic slowdown.
☆ ASML: Dutch chip firm says former China employee stole data
  + stars: | 2023-02-15 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —ASML, the Dutch chip equipment maker, has accused a former employee in China of stealing data related to its proprietary technology, in a case that highlights its importance in the global semiconductor supply chain as tension grows between the United States and China. The breach may have violated certain export control regulations, the company said Wednesday in its annual report, adding that it did not believe the incident was material to its business. The firm has reported the infraction to authorities and is now adding new “remedial measures in light of this incident,” it added. ASML had already been restricted from exporting its most advanced lithography technology to China since 2019. A Chinese industry group has spoken out about the reported agreement, saying it will hurt consumers and businesses alike.
☆ Foxconn January sales hit record high after production restored at world’s biggest iPhone factory
  + stars: | 2023-02-05 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
Hong Kong CNN —Apple supplier Foxconn says its January monthly sales hit a record high as it bounced back from Covid-19 disruptions in China. The manufacturer attributed its performance to a strong rebound at its sprawling campus in Zhengzhou, central China. The site, which is home to the world’s biggest iPhone factory, was crippled late last year by Covid-19 restrictions and workers’ protests. The figures underscore how Foxconn’s Zhengzhou campus, also known as “iPhone city,” is roaring back to life after the massive setbacks. The headaches had led analysts to predict that Apple would likely speed up its supply chain diversification away from China.
☆ As the world courts TSMC, Taiwan worries about losing its ‘silicon shield’
  + stars: | 2022-12-09 | by ( Juliana Liu | ) edition.cnn.com   time to read: +6 min
TSMC is considered a national treasure in Taiwan and supplies tech giants including Apple (AAPL) and Qualcomm (QCOM). Chiu claimed that the chip giant was under political pressure to move its operations and its most advanced technology to the US. In response, Wu said there was no secret deal, nor was there any attempt to diminish the importance of Taiwan to TSMC. But he believes the company will continue to manufacture its most advanced technology at home. Many experts believe that by the time 3-nanometer chips are being made in Arizona, TSMC’s Taiwan operations would be producing even smaller, more advanced chips.
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