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Washington is also pushing the Netherlands to stop ASML from maintaining and servicing equipment it sold to China before the Dutch chip export curbs came into effect
The US Justice Department also said the bill forcing ByteDance to divest TikTok would put the government in a stronger legal position than if the app was simply banned
TikTok and US representatives took shots at each other over everything from whether a new bill calls for a ban on the app to whether the ByteDance-backed firm should call on its users to push back against it
But there are concerns approvals for nuclear projects won’t be able to keep pace with the tech industry’s demand for cleaner power
New Delhi is to target the cash at developing computing infrastructure and large language models
The employee, a Chinese national, stole details about chips and software that helps power a supercomputer "capable of executing at the cutting edge of machine learning and AI technology"
Wang Yi said Washington’s unrelenting trade curbs have come despite Biden and Xi pledging to work closer to find common ground
Researchers in Switzerland who evaluated three carbon capture techniques said the cost could be $280 to $580 a tonne, which was double some previous estimates
Exports for January-February were up 7.1%, while imports also rose by 3.5%, but analysts said the figures stemmed from the low trade data in the same months in 2023
The Chinese firm said it had ended its lawsuits against Amazon in Germany over patented technology related to wifi and video playback
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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