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☆ Apple to Address Worker Complaints After Unrest at China iPhone Factory
▼ + stars: | 2022-11-24 | by ( Selina Cheng | Yang Jie | ) www.wsj.com time to read: 1 min

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.

☆ Foxconn Hires Chip Veteran in Diversification Drive
▼ + stars: | 2022-11-22 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

TOKYO—Taiwanese contract manufacturer Foxconn Technology Group hired Chiang Shang-yi, a veteran with decades of experience at some of the world’s biggest chip makers, to drive further expansion into semiconductors and bolster its supply chain. Best known as the world’s biggest assembler of iPhones, Foxconn is seeking new engines of growth from manufacturing chips and sectors that rely on them, such as electric vehicles.

☆ Japan Sets Up Advanced Chip Business With Toyota, Sony
▼ + stars: | 2022-11-11 | by ( Yang Jie | River Davis | ) www.wsj.com time to read: 1 min

TOKYO—Toyota, Sony and SoftBank are joining with Japanese chip companies in a government-backed effort to design and make next-generation semiconductors in Japan by the end of the decade. The venture, called Rapidus, comes amid rising competition among major economies for advanced chips to support applications like artificial intelligence and autonomous driving, along with a deepening divide between the U.S. and China that is complicating supply chains.

☆ Toyota, Sony Set Up Advanced Chip Business in Japan
▼ + stars: | 2022-11-11 | by ( Yang Jie | River Davis | ) www.wsj.com time to read: 1 min

Japan, once a global leader in semiconductor manufacturing, has fallen far behind the U.S. and Taiwan, which Tokyo sees as a national security concern. TOKYO— Toyota Motor Corp. and Sony Group Corp., together with six other Japanese companies, are creating a new business to design and make next-generation semiconductors by the late 2020s. The venture, called Rapidus, Latin for “rapid,” comes amid rising competition among major economies for advanced chips to support applications such as artificial intelligence and quantum computing.

☆ Foxconn Says Aims to Swiftly Recover iPhone Production Levels at Covid-Hit Site
▼ + stars: | 2022-11-10 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

Foxconn Technology Group is aiming to quickly bring production levels back to normal at its iPhone assembly site in China hit by a Covid outbreak and worker shortages, its chief executive said Thursday. Foxconn is still operating its main iPhone plant in Zhengzhou under a closed-loop system, which means largely keeping the site shut off from the outside world and allowing workers to only move between their lodging and the production lines, the company said. Foxconn didn’t say when it plans to end such operations.

☆ Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Arizona Factory Expansion
▼ + stars: | 2022-11-09 | by ( Asa Fitch | Yang Jie | ) www.wsj.com time to read: 1 min

TSMC’s big bet on making chips in the U.S. comes after Washington agreed to provide semiconductor makers lucrative grants. Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is preparing another multibillion-dollar factory investment in Arizona, people familiar with the plans said. TSMC plans in the coming months to announce it will build a cutting-edge semiconductor plant north of Phoenix, beside another chip factory that the company committed to in 2020, according to people familiar with the expansion plans. The scale of the investment is expected to be roughly similar to the $12 billion it committed two years ago, the people said.

☆ Foxconn to Shift Some iPhone Production From Covid-Hit Plant to Other Sites
▼ + stars: | 2022-10-31 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

TOKYO— Foxconn Technology Group is planning to shift some production from its Covid-struck iPhone factory in central China to other sites in the country, people familiar with the matter said, as many workers frightened by the outbreak have left the factory. Foxconn has been struggling to contain a Covid-19 outbreak in its Zhengzhou facility, the world’s biggest assembly site for Apple Inc.’s smartphones. There, hundreds of thousands of workers have been largely shut off from the outside world for more than two weeks after the company announced the introduction of closed-loop operations, which means that workers are allowed to move only between their dorms or homes and the production lines.

TuSimple Holdings Inc., a U.S.-based self-driving trucking company, faces federal investigations into whether it improperly financed and transferred technology to a Chinese startup, according to people with knowledge of the matter. The people said the concurrent probes by the Federal Bureau of Investigation, Securities and Exchange Commission and Committee on Foreign Investment in the U.S., known as Cfius, are examining TuSimple’s relationship with Hydron Inc., a startup that says it is developing autonomous hydrogen-powered trucks and is led by one of TuSimple’s co-founders.

HONG KONG — Chinese leader Xi Jinping’s first two terms in power were marked by intensifying competition and tensions with the United States. The United States does not seek conflict with China, Biden told a meeting of his top military advisers Wednesday. “China stands ready to work with the United States to find the right way to get along with each other in the new era,” he said. But China under Xi has a “superficial stability,” Johnson said. Hulton Deutsch / Corbis via Getty ImagesAt 69, Xi has appointed no obvious successor, indicating he may plan to stay in power indefinitely.

☆ China's leadership reshuffle puts greater weight on relations with the U.S.
▼ + stars: | 2022-10-23 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China's latest leadership appointments point to greater emphasis on relations with the U.S.Foreign Minister Wang Yi joined the new Politburo, the second-highest level of power, state media announced Sunday. The changes showed that Yang Jiechi, a long-time diplomat closely involved with U.S.-China relations, did not stay on in the Politburo. Yang has headed the party's central committee foreign affairs office and was widely expected to retire. Qin Gang, China's ambassador to the U.S., also made the list of new central committee members released Saturday. "I think there may be a chance to certainly ease the tensions, hopefully, given the challenges China faces in keeping the Chinese economy growing," Yang said.

☆ Chip Maker TSMC Weighs Expansion in Japan to Reduce Geopolitical Risk
▼ + stars: | 2022-10-19 | by ( Yang Jie | ) www.wsj.com time to read: 1 min

TSMC and other chip makers are likely to face pressure to increase the proportion of production in the U.S. and U.S. allies. TOKYO—Taiwan Semiconductor Manufacturing Co. is considering expanding its production capacity in Japan, people familiar with the matter said, in what would be a move by the world’s largest contract chip maker to reduce geopolitical risk. The Japanese government has signaled that it would like TSMC to expand in the country beyond a factory already under construction, but no decision has been made yet and TSMC is studying the feasibility, these people said.

☆ TSMC Reports Record Profit, Gains Exemption From U.S. Chip Curbs on China
▼ + stars: | 2022-10-13 | by ( Yang Jie | Kosaku Narioka | ) www.wsj.com time to read: 1 min

Taiwan Semiconductor Manufacturing Co. said that its third-quarter net profit rose 80% to a new record, and that it had been granted a one-year exemption from new U.S. restrictions on China’s chip sector, allowing it to keep expanding its facilities in the country. The world’s largest contract chip maker’s strong performance in the quarter was due to strong sales of its cutting-edge chips used in smartphones and other devices, as well as higher margins.

☆ TSMC Trims Capital Spending Forecast Amid Chip Headwinds
▼ + stars: | 2022-10-13 | by ( Yang Jie | Kosaku Narioka | ) www.wsj.com time to read: 1 min

TOKYO— Taiwan Semiconductor Manufacturing Co. cut its capital expenditure forecast by about 10% this year, despite reporting a record quarterly profit surge, responding to headwinds including slowing global chip demand and rising costs. The world’s largest contract chip maker on Thursday posted an 80% increase in net income for the July-to-September quarter, mainly due to strong sales of its cutting-edge chips used in smartphones and other devices.

☆ Factbox: China's 20th Communist Party Congress: who could be in Xi's new team?
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Oct 13 (Reuters) - China's Xi Jinping is widely expected to clinch a third five-year leadership at the upcoming congress of the ruling Communist Party, a mandate that would secure his stature as the country's most powerful ruler since founding leader Mao Zedong. Hu Chunhua, 59, vice premierHu is considered a candidate for elevation to the PSC and possibly to become China's next premier. Chen Miner, 62, Chongqing party secretaryChen is also a trusted aide and considered a candidate for the PSC. The only current female member, Vice Premier Sun Chunlan, is 72 and therefore ineligible to serve another term under China's unofficial age norms. Li Xi, 65, party chief of Guangdong provinceLi, considered a trusted ally of Xi, may get a bigger job after the Congress.

Shares of Asia’s largest semiconductor makers and suppliers declined Tuesday as investors expressed fear about broad ramifications on the sector from new U.S. restrictions on exporting chips and related equipment to China. Taiwan Semiconductor Manufacturing Co., the world’s biggest contract chip maker, dropped 8.3% to its lowest closing in more than two years. TSMC has chip fabrication facilities—or fabs—in China, including in the eastern city of Nanjing.

☆ China's Communist Party leadership reshuffle: what to look for
▼ + stars: | 2022-10-11 | by ( Yew Lun Tian | ) www.reuters.com time to read: +7 min

Visitors are seen silhouetted against a Chinese Communist Party flag displayed at the Museum of the Communist Party of China in Beijing, China September 3, 2022. REUTERS/Florence LoBEIJING, Oct 11 (Reuters) - China's ruling Communist Party will reshuffle its leadership when it holds a once-in-five-years Congress starting Oct 16, with Xi Jinping widely expected to stay on for a third term as general secretary, China's senior-most position. Economic tsar and Vice Premier Liu He, 70, is due for retirement. The only woman in the Politburo, Vice Premier Sun Chunlan, 72, is also due to retire. Xu Qiliang and Zhang Youxia, both military chiefs in the Politburo age 72, are also due to retire.

☆ China's top leaders are set for a reshuffle. Here are the names to watch
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

China's top leadership team around President Xi Jinping is set to change this month at a twice-a-decade congress. One of the most closely watched changes in the political reshuffle is the future of Premier Li Keqiang, who turned 67 this year. However, he could remain a standing committee member, JPMorgan analysts said, pointing to a precedent at the 15th party congress. Huang Kunming — Politburo member and head of China's propaganda department, who worked closely with Xi in the provinces of Fujian and Zhejiang, the report said. Yang Jiechi, a 72-year-old Politburo member and director of the party's central committee foreign affairs office, is widely expected to retire.

☆ As Russia raises nuclear specter in Ukraine, China looks the other way
▼ + stars: | 2022-09-22 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

It was “the most prudent, or most low-key statement in years” issued by Xi on their strategic relationship, Shi said. Under Xi, China has forged ever closer ties with Russia. Six days later, in a desperate escalation of the devastating war, Putin announced a “partial mobilization” of Russian citizens in a televised speech, and even raised the specter of using nuclear weapons. Both leaders share a deep suspicion and hostility toward the United States, which they believe is bent on holding China and Russia down. The main factor driving the strategic alignment between Russia and China is the perception of threats from the United States, said Hart with CSIS.

☆ Putin ally deepens Russia's 'strategic partnership' with China
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Since the invasion of Ukraine, Putin has tilted more strongly towards China as the war and severe Western sanctions torpedoed Russia's relationship with the United States and its European allies. "The development of a strategic partnership with China is an unconditional priority of Russian foreign policy," the security council said in a statement. The deepening partnership between the rising superpower of China and the natural resources titan of Russia has raised alarm in some Western capitals. China has refrained from condemning Russia's military operation against Ukraine or calling it an "invasion". Register now for FREE unlimited access to Reuters.com RegisterReporting by Caleb Davis; Writing by Felix Light and Jake Cordell; editing by Guy FaulconbridgeOur Standards: The Thomson Reuters Trust Principles.

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