The extension would mark an end to business uncertainty for South Korea’s Samsung Electronics and SK Hynix who have invested billions in their chip fabs in China

"What kind of move is this?" one Weibo user said, as the Chinese telecom giant's much anticipated product event failed to give any new details on its 'sanctions-defeating' Mate 60 series

The ban is reportedly connected to Beijing’s investigation into top tech dealmaker Bao Fan, whose disappearance early this year shook the business community in China.

The announcement came after customs data showed China had completely blocked its exports of germanium and gallium products in August

Top South Korean chipmakers Samsung and SK Hynix currently have permits to import US chip-making equipment into China, where they have extensive production facilities

China’s Ministry of State Security made the claims in a report titled “Uncovering the main despicable means of cyberattacks and secret theft by US intelligence agencies”

The spat between the two countries is putting Western nations in an awkward position, who are eyeing India as a hedge against China but are also close allies of Ottawa

The Chinese president’s statements come amid increasing efforts on both sides to simmer down tensions and have rekindled hopes of Xi-Biden meeting later this year

Huawei’s planned event comes on the heels of Apple’s iPhone 15 launch event held on Tuesday, which received mixed reactions in China

Gotion will be eligible to receive US tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from Illinois

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

The sweeping deal aims to link South Asia and the Middle East to help the flow of energy and trade from the Gulf to Europe