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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/japans-plan-to-become-a-chipmaking-champ-hinges-on-this-football-loving-engineer-1b1911ab
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-latest-export-controls-prompt-countries-to-explore-supply-chain-diversification-318e74d1
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/how-a-chip-guru-left-south-korea-and-wound-up-accused-of-leaking-tech-to-china-9cf145b1
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Factbox: Top US-China exchanges since Biden took office
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +5 min
Below is a list of some of the other high level U.S.-China exchanges since then. FIRST TRADE TALKS - May 26, 2021U.S. Trade Representative Katherine Tai and China's then Vice Premier Liu He held talks virtually, the first such high level trade talks between the world's two biggest economies since Biden took office. DIPLOMAT VISITS CHINA - July 26, 2021Deputy Secretary of State Wendy Sherman held talks with State Councillor Wang Yi, in Tianjin, China. DEFENCE CHIEFS HOLD FIRST TALKS - April 20, 2022U.S. Defense Secretary Lloyd Austin held a call with China's then defence minister Wei Fenghe, the first talks between the two officials since Biden took office. BIDEN AND XI MEET IN BALI - November 14, 2022Biden and Xi held their long-awaited first face-to-face leadership talks on the sidelines of the G20 summit in Bali, Indonesia.
Persons: Antony Blinken, Joe Biden, BIDEN, Biden, Xi Jinping, Xi, Jake Sullivan, Yang Jiechi, Wang Yi, Katherine Tai, China's, Liu, Wendy Sherman, SULLIVAN, YANG, Sullivan, Yang, Lloyd Austin, Wei Fenghe, WANG, Wang, Nancy Pelosi, HARRIS, Kamala Harris, Gina Raimondo, Wang Wentao, National Defense Li Shangfu, Li, Martin Quin Pollard, Raju Gopalakrishnan Organizations: U.S, FIRST, National Security, . Trade, CHIEFS, . Defense, General Assembly, BIDEN, IN, Economic Cooperation APEC, CHINA COMMERCE, . Commerce, Commerce, Washington D.C, China's, National Defense, Pentagon, Austin, Thomson Locations: China, U.S, Anchorage , Alaska, Blinken, CHINA, Tianjin, Taiwan, North Korea, ROME, Russia, Ukraine, Beijing, New York, IN BALI, Bali , Indonesia, BANGKOK, Asia, Thailand, MUNICH, Munich, WASHINGTON, Washington, Singapore
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/power-shortage-hits-vietnam-a-production-hub-for-apple-and-samsung-6dc3b346
Persons: Dow Jones Organizations: samsung Locations: vietnam
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-new-chip-ban-on-micron-puts-south-korea-in-a-delicate-spot-21ce5259
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tokyo-meeting-highlights-democracies-push-to-secure-chip-supplies-54e1173d
“He’s a very famous person, known by many overseas Chinese in the southern US,” Tang said. Reports published by Chinese-language media in Texas and China’s state media show Leung’s long-running access to senior Chinese officials. In 2014, he met with the director of Jiangsu Provincial Overseas Chinese Affairs Office during a visit to Nanjing, the provincial capital. This photo shows John Leung with Wang Hua, the former director of Jiangsu Provincial Overseas Chinese Affairs Office. It also comes as American and Chinese officials are resuming high-level engagements since a dispute over a suspected Chinese spy balloon shattered efforts to mend ties earlier this year.
Apple Is Breaking Its Own Rules With a New Headset
  + stars: | 2023-05-13 | by ( Aaron Tilley | Yang Jie | ) www.wsj.com   time to read: 1 min
Apple in the coming weeks is expected to unveil what is perhaps the most experimental, unconventional product in its history: a so-called mixed-reality headset that resembles a pair of ski goggles and comes with a battery pack, people familiar with the matter say. Apple’s launch plans break many of its traditions and rules about new products that have become the industry gold standard. Unlike other Apple products, the device is debuting in a still-experimental mode. Apple predicts slower adoption for the headset compared with the Apple Watch or the iPhone, both of which quickly became consumer must-haves. Taking seven years in development before hitting the market, it will be one of the most complex consumer products any company has ever sold.
Photo illustration: Preston Jessee for The Wall Street JournalBuilding an affordable service that works everywhere on the planet has been the dream of mobile telephony since its early days. Companies in the U.S. and China are among those getting closer to delivering that service through satellite technology. But there is a problem. Both of the superpowers are determined to dominate the technology, and each has the ability to tarnish the dream for the other. Each can wield regulations to prevent the other’s satellite services from being used within its own borders.
Photo: Punit Paranjpe/AFP via Getty ImagesApple Inc.’s Chief Executive Tim Cook met with Indian Prime Minister Narendra Modi in New Delhi on Wednesday, visiting the country where the iPhone maker wants to expand both its manufacturing footprint and smartphone sales. Apple is committed to growing and investing across the country, Mr. Cook said in a tweet after the meeting, alongside a picture of the two men shaking hands. Mr. Modi said they had spoken about the “tech-powered transformations taking place in India.”
The $53 billion Chips Act seeks to end the U.S.’s reliance on foreign-made semiconductors, especially those used by the Pentagon. It is the latest example of the federal government using its cash to remake an industry it sees as crucial to national security. The world’s biggest contract chip maker is pushing back on some of the conditions Washington has attached to chip-factory subsidies as it looks for up to $15 billion in government money. Taiwan Semiconductor Manufacturing Co., which plans to invest $40 billion in two chip factories in Arizona, is concerned about rules that could require it to share profits from the factories and provide detailed information about operations, said people familiar with the situation.
Photo: Punit Paranjpe/AFP via Getty ImagesApple Inc.’s Chief Executive Tim Cook met with Indian Prime Minister Narendra Modi in New Delhi on Wednesday, visiting the country where the iPhone maker wants to expand both its manufacturing footprint and smartphone sales. Apple is committed to growing and investing across the country, Mr. Cook said in a tweet after the meeting, alongside a picture of the two men shaking hands. Mr. Modi said they had spoken about the “tech-powered transformations taking place in India.”
One senior Treasury official said that China is, as of now, unwilling to provide material support to Russia at scale and in a significant way, pointing instead to Russian efforts to source material from North Korea and Iran. The US and its allies have also taken more direct action, sanctioning a Chinese satellite company providing intelligence to Russian forces in January and putting some Chinese companies on the US export control list. But in recent months officials have also begun to see some results from their public and private efforts. Turkish officials told the US last month that their government has been taking further action to block the transit of sanctioned goods directly to Russia, according to a source familiar with the discussion. In a speech earlier this year on the anniversary of Russia’s invasion, US Deputy Treasury Secretary Wally Adeyemo publicly warned Russian intelligence services that the US is monitoring their efforts and is cracking down.
He used to be boss of a tech giant. Now he’s studying fish and rice. The peregrinations of Jack Ma , co-founder of Alibaba Group Holding Ltd., over the past year have included a visit to a Japanese lab specializing in farmed tuna—where the staff didn’t recognize him—and a Dutch university to learn about sustainable food production.
TSMC Warns of Possible Revenue Drop, Spending Cut
  + stars: | 2023-01-12 | by ( Yang Jie | ) www.wsj.com   time to read: 1 min
Taiwan Semiconductor Manufacturing Co. said that its revenue could drop as much as around 5% in the current quarter and that it could cut this year’s capital expenditures compared with last year, citing weak demand. TSMC , which reported record full-year revenue in 2022, said Thursday that it expected to post between $16.7 billion and $17.5 billion in revenue in the January-to-March quarter, compared with the $17.57 billion from a year earlier. The last time TSMC’s quarterly revenue declined year-over-year was in the first quarter of 2019, according to data from S&P Global Market Intelligence.
Covid-19 issues in China are still hampering manufacturing of Apple Inc.’s iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people involved in the supply chain. Models such as the iPhone 14 Pro Max, which starts at about $1,100, are integral to Apple’s strategy of increasing revenue when growth in the overall global smartphone market is slowing. That strategy took a hit in October when Covid-19 outbreaks hit the main manufacturing base for iPhone Pro models, operated by Foxconn Technology Group in the central Chinese city of Zhengzhou.
Covid-19 issues in China are still hampering manufacturing of Apple Inc.’s iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people involved in the supply chain. Models such as the iPhone 14 Pro Max, which starts at about $1,100, are integral to Apple’s strategy of increasing revenue when growth in the overall global smartphone market is slowing. That strategy took a hit in October when Covid-19 outbreaks hit the main manufacturing base for iPhone Pro models, operated by Foxconn Technology Group in the central Chinese city of Zhengzhou.
Covid-19 issues in China are still hampering manufacturing of Apple Inc.’s iPhone, but production is beginning to catch up to demand for the more-expensive Pro models, according to analysts and people involved in the supply chain. Models such as the iPhone 14 Pro Max, which starts at about $1,100, are integral to Apple’s strategy of increasing revenue when growth in the overall global smartphone market is slowing. That strategy took a hit in October when Covid-19 outbreaks hit the main manufacturing base for iPhone Pro models, operated by Foxconn Technology Group in the central Chinese city of Zhengzhou.
A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.
China has begun to ease some of its Covid restrictions after following a strict containment policy. A letter from the founder of the world’s largest iPhone assembler played a major role in persuading China’s Communist Party leadership to accelerate plans to dismantle the country’s zero-tolerance Covid-19 policies, according to people familiar with the matter. In the letter to Chinese leaders, Foxconn Technology Group founder Terry Gou warned that strict Covid controls would threaten China’s central position in global supply chains and demanded more transparency into restrictions on the company’s workers, the people said. Mr. Gou sent the letter a little more than a month ago as Foxconn’s factory in the city of Zhengzhou was rocked by turmoil over Covid restrictions.
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is stepping up its plans for U.S. manufacturing. Taiwan Semiconductor Manufacturing Co. plans to build a second semiconductor factory in Arizona and increase its investment there to $40 billion, the White House said ahead of a visit by President Biden. TSMC , the world’s largest contract chip maker, is stepping up its plans for U.S. manufacturing with encouragement from the Biden administration and likely financial support from U.S. taxpayers, reflecting Washington’s concerns about reliance on Asia for critical chip making.
TSMC founder Morris Chang said the company plans to produce chips with advanced 3-nanometer technology in Arizona. TOKYO—The $12 billion Arizona semiconductor plant under construction that President Biden is visiting Tuesday represents U.S. hopes for a renaissance in manufacturing, but the Taiwanese company building it says it won’t be easy. High costs, lack of trained personnel and unexpected construction snags are among the issues cited by Taiwan Semiconductor Manufacturing Co. as it rushes to get the north Phoenix factory ready to start production in December 2023.
Apple Makes Plans to Move Production Out of China
  + stars: | 2022-12-03 | by ( Yang Jie | Aaron Tilley | ) www.wsj.com   time to read: 1 min
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country in the supply chain that built the world’s most valuable company, say people involved in the discussions. It is telling suppliers to plan more actively for assembling Apple products elsewhere in Asia, particularly India and Vietnam, they say, and looking to reduce dependence on Taiwanese assemblers led by Foxconn Technology Group. Turmoil at a place called iPhone City helped propel Apple’s shift. At the giant city-within-a-city in Zhengzhou, China, as many as 300,000 workers work at a factory run by Foxconn to make iPhones and other Apple products. At one point, it alone made about 85% of the Pro lineup of iPhones, according to market-research firm Counterpoint Research.
HONG KONG— Apple Inc. said it was working to resolve worker complaints at the world’s biggest iPhone factory in China, after police were filmed beating protesting employees at the plant this week and employees began an exodus Thursday. Labor groups have criticized Apple for failing to adequately protect the rights of workers at the vast Zhengzhou site, operated by Foxconn Technology Group and where most of the world’s iPhone 14 models are made. Workers clashed with police Tuesday, angry over delayed bonus payments and conditions at the plant, which has been battling an outbreak of Covid-19 for more than a month.
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