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The Latest Breaking News from China

Nvidia shares drop, China tech surges as Beijing tries to push homegrown AI chips

China's top internet regulator has reportedly asked tech firms to stop using Nvidia's chips, deeming that local alternatives are good enough to compete.

Fortune

China Tech Roars Back—And These 3 ETFs Are Built For The Bounce

After years of losing ground to regulations and slow expansion, Chinese tech stocks are roaring back, and U.S.-listed ETFs tracking them are enjoying the ride.

Benzinga

Canada’s $43-billion subsidy scheme for critical minerals misses supply chain steps

As climate change intensifies, companies and countries are attempting to build new low-carbon supply chains. From electric vehicles to solar panels and wind turbines, these technologies require vast amounts of critical minerals.

The Conversation

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Australia’s failure of diplomacy in PNG shows we can’t – and won’t – understand our Pacific neighbours

Our foreign policy mindset is a function of our dependence on America and fear of China, while we talk down to our ‘Pacific family’ and remain deaf to their global warming concerns

The Guardian - AU

'I'm disappointed with what I see' says Nvidia CEO Jensen Huang, amid reports that China has banned some of the country's biggest tech companies from buying its AI chips

Fits and starts, now a no-go?

PC Gamer

World War 3 in Orbit? Space Warfare Accelerates as Russia and China Build Space Weapons

Military leaders sound alarm over Russia and China's space weapons build-up, with more than 200 anti-satellite systems threatening global security.

International Business Times UK

China's largest chipmaker testing first homegrown immersion DUV litho tool — SMIC takes significant step on road to wafer fab equipment self-sufficiency

SMIC is testing a domestically built immersion DUV lithography system developed by Yuliangsheng and capable of 28nm-class process technology. But while it is said that the tool could be used to make 7nm or even 5nm-class chips with multipatterning, it remains to be seen whether this is going to happen…

Tom’s Hardware

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Nvidia CEO Jensen Huang Says ‘That’s Fine’ as China Ramps Up AI Arms Race With NVDA Chip Ban

Nvidia slips as China ramps up its aggressions in the AI chip war, while Alibaba stock spikes after scoring a new data center deal with state-owned China Unicom.

Barchart

Nvidia, Microsoft Sit Atop A $23.9 Trillion Empire—More Than China And Germany Combined

Wall Street’s behemoths just hit a milestone that borders on surreal: the 10 most valuable U.S. companies—including Nvidia Corp. (NASDAQ:NVDA), Microsoft Corp. (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL) and the rest—now hold a combined market cap of $23.9 trillion, making them more valuable than the entire economies of China and Germany…

Benzinga

Nvidia CEO Huang says he's disappointed by China chip curbs

Chipmaker Nvidia's CEO said he was disappointed about restrictions on sales to China amid U.S.-China trade and tech tensions

The Independent UK

Nvidia's China Strategy In Shambles—Beijing Blocks Chips Amid Antitrust Probe

Nvidia Corp‘s (NASDAQ:NVDA) China dream is unraveling fast. Just as the company thought it had a workaround for U.S. export limits, Beijing slapped down its custom AI chips and opened an antitrust probe, turning one of its most strategic markets into a geopolitical minefield. Investors now face a stark question:…

Benzinga

China's Tencent Holdings Secures $1.27 Billion In Offshore Yuan Bond Deal

Chinese tech giant Tencent Holdings (OTC:TCEHY) has successfully raised 9 billion yuan ($1.27 billion) through an offshore yuan bond deal.

Benzinga

Jim Cramer Warns Nvidia's Last Wave Of 'Scared And Hot Money' Could Exit As China Moves To Ban Chip Purchases For Major Tech Firms

CNBC’s ‘Mad Money’ host Jim Cramer has warned that speculative investors may be on the verge of abandoning Nvidia Corp. (NASDAQ:NVDA) as the stock fell nearly 1.5% in Wednesday's pre-market trading following reports that China has officially banned its major technology firms from purchasing certain Nvidia artificial intelligence (AI) chips.

Benzinga

Hong Kong chief pledges to continue national security crackdown in key annual address

Hong Kong will continue to prevent, suppress and punish acts that endanger national security, John Lee says

The Independent UK

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International Business Times

Oracle Among Firms Positioned to Back TikTok Deal as US–China Talks Continue: Report

Oracle may help lead a new deal to keep TikTok in the U.S. as talks between the US and China continue.

Tom’s Hardware

China bans its biggest tech companies from acquiring Nvidia chips, says report — Beijing claims its homegrown AI processors now match H20 and RTX Pro 6000D

Beijing is reportedly telling its biggest tech companies to buy local instead of purchasing Nvidia's latest China-specific AI chips.

The Guardian - UK

China is eyeing superpower status via Africa and the Caribbean. But are they partners or pawns?

Many are questioning whether China’s growing footprint in the Black diaspora is mutually beneficial

Benzinga

Short Seller Jim Chanos Says 'China Should NOT Be The Standard' For Financial Reporting As Trump Pushes For Getting Rid Of Quarterly System

Veteran short seller Jim Chanos has sharply criticized the notion of adopting Chinese financial reporting standards in the U.S., saying that the Asian country should “NOT” be a benchmark for financial reporting in the U.S.

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The Independent UK

American tennis star Taylor Townsend apologizes for comments about Chinese food

American tennis star Taylor Townsend has apologized for making disparaging comments about Chinese food before the United States plays Kazakhstan at the Billie Jean King Cup Finals in Shenzhen, China

Benzinga

Alibaba And SMIC Power Beijing's Bid To End Reliance On Nvidia And ASML

Alibaba Group Holding Ltd. (NYSE:BABA) shares advanced in premarket trading Wednesday after reports that the company secured China Unicom as a major client for its artificial intelligence chips.

Benzinga

China's Tech Stocks Surge As AI Spending Accelerates

Chinese technology stocks rallied on Wednesday as growing bets on artificial intelligence lifted investor sentiment. Shares of Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD), PDD (NASDAQ:PDD), NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV) all advanced, underscoring renewed confidence in China’s tech and electric vehicle sectors.

Fortune

Tim Cook says Apple’s $600 billion factory build out will create a 'domino effect.' But the tech giant still isn’t building iPhones in America

A manufacturer labor shortage and an “impossible-to-replicate” supply chain will keep the tech giant dependent on Asia factories, experts tell Fortune.

The Independent UK

China’s ‘ghost particle’ machine could solve science’s greatest mysteries

A futuristic underground observatory located in the hills of China could uncover a whole host of secrets

International Business Times

Hong Kong Leader Unveils Plan To Boost Growth With Border Mega-project, AI Push

Hong Kong's leader outlined plans Wednesday to diversify the city's economy and accelerate growth, including fast-tracking an ambitious border development project and establishing the artificial intelligence sector as a "core industry".

Benzinga

China Bans Nvidia Chip Purchases For Major Tech Firms: NVDA Stock Falls In Wednesday Pre-Market

China has banned its leading technology companies from procuring Nvidia Corporation (NASDAQ:NVDA)’s artificial intelligence (AI) chips. During Wednesday’s pre-market trading session, Nvidia stock fell nearly 1.5%.

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