US President Donald Trump has said he wants to help save ZTE, one of China's biggest telecoms companies.
In a move that could further heighten tensions with the US, China is poised to announce a new fund of about CNY300 billion (US$47.4 billion) to spur development of its semiconductor industry as it seeks to close the technology gap with the US and other rivals, according to people familiar with the matter.
Wall Street Journal
The US government's move last week to bar ZTE from buying American technology looks set to not only cripple the Chinese smartphone maker, but reverberate through the global telecommunications supply chain as well.
Nikkei Asian Review
As a result, without any products to sell and missing the crucial 5G transition revolution, we expect ZTE, a publicly traded company on the Hong-Kong and Shenzhen Stock Exchanges, to file for bankruptcy in the next few weeks.
Samsung is now the largest patent holder in the United States, boasting a portfolio of 75,596 valid patents in the country as of January 1.
In the deepening trade negotiations between China and the US, the bargaining chips are quite literally chips.
Losses in Chinese tech stocks outpaced their US counterparts on Thursday, with those losses holding into the close after President Donald Trump announced tariffs on tens of billions of dollars' worth of goods from China.
Marketwatch.com (Dow Jones)
China has said it is considering imposing tariffs on US$3 billion worth of US products in retaliation to new tariffs announced by US President Donald Trump. The list of products under consideration by China includes pork, wine, fruit and nuts and stainless steel pipes, among others.
Qualcomm's shareholders will no longer be meeting Tuesday to weigh in on Broadcom's unsolicited takeover bid for the U.S. chipmaker.
The US Department of Justice and the Securities and Exchange Commission are investigating whether Apple violated securities laws concerning its disclosures about a software update that slowed older iPhone models, according to people familiar with the matter.
The head of China's second-biggest e-commerce company, JD.com Inc, accused the United States on Wednesday of practising "serious" protectionism against Chinese firms and said this would ultimately backfire on the world's largest economy.
Nikkei Asian Review
The South Korean chip industry is tightening its monitoring of increasing protectionist moves by China and the US as they are faced with probes and suspicions of price collision.
Beijing-based Naura Microelectronics Equipment has completed a deal to buy US semiconductor manufacturing equipment company Akrion Systems.
In an interview with Reuters, Trump and his economic adviser Gary Cohn said China had forced US companies to transfer their intellectual property to China as a cost of doing business there.
A Democratic U.S. lawmaker asked Intel and two other microchip makers on Tuesday to provide a briefing on the recently detected Spectre and Meltdown security flaws that could allow hackers to steal information from most computers and devices.
On Thanksgiving 2017 the US Patent & Trademark Office published a patent application from Apple that relates to a possible foldable iPhone model.
"We can't wait for people to experience HomePod, Apple's breakthrough wireless speaker for the home, but we need a little more time before it's ready for our customers," an Apple spokesperson said. "We'll start shipping in the US, UK and Australia in early 2018."
Tesla upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever.
The US International Trade Commission (ITC) has agreed to investigate a complaint that Samsung products, including mobile phones, tablets and laptops, have infringed two patents covering semiconductors.
Yuji Sugimoto, managing director at Bain, spoke to The Nikkei about the private equity firm's plans for the Japanese company, including the more than JPY1 trillion (US$8.9 billion) that will be provided to Toshiba Memory before it goes public.
Nikkei Asian Review
The nature of work is changing on a global level at a rapid pace. Sure, it's not the first time work has been dramatically impacted by technology, but the growth of automation, robotics, AI and the like have the potential to displace jobs at an unprecedented rate. And Google will almost certainly be one of the driving forces behind that transformation.
President Trump on Wednesday blocked a China-backed investor from buying an American semiconductor maker over national security concerns, a rare move that could signal more aggressive scrutiny of China's deal-making ambitions.
New York Times
Western Digital's CEO apologized to his counterpart at Toshiba for strained ties after the US firm sued to keep their chip joint venture from being sold to rival bidders, according to an Aug. 11 letter.
ZTE's smartphone shipments increased by 36% in the second quarter of 2017, and if its growth continues, it might soon overtake LG to become the third largest smartphone manufacturer in the US.
Citing national security concerns, a US semiconductor-testing company, Cohu, is mounting a quiet campaign to derail the planned US$580 million sale of an American rival, Xcerra, to a Chinese state-backed group, according to documents reviewed by WSJ.
Wall Street Journal
The US International Trade Commission said it will investigate Apple following allegations by Qualcomm that the iPhone maker is violating six of its non-standards-essential patents. The review is the latest move in an escalating legal battle between the world's largest cellular chip vendor and one of its largest customers.
A China-backed firm whose deal to buy an American semiconductor company has stalled before a US government panel is taking the unusual step of going public with its frustrations, saying China-bashing in the US is holding up the acquisition.
Wall Street Journal
The US economy gathered speed in the second quarter of the year, growing at an annualised pace of 2.6%.
Essential is planning its international foray with launches in the UK, western Europe and Japan, although it has yet to launch its minimalist $699 handset in the US.
The Financial Times
A source with knowledge of the planned downsizing told TechCrunch that the US firm would lay off "thousands" of staff across the world. The restructuring is set to include an organizational merger that involves its enterprise customer unit and one or more of its SME-focused divisions. The changes are set to be announced this coming week, we understand.
US coal producers welcomed President Trump's decision on Thursday to pull the US out of the Paris climate deal. But the move drew criticism from other business executives, who said it would hurt US companies' ability to work abroad and inhibit innovation.
US Commerce Secretary Wilbur Ross sees the US semiconductor industry as still dominant globally but said he is worried that it will be threatened by China's planned investment binge to build up its own chipmaking industry.
Globalfoundries is offering early retirement packages to some longtime employees at its US semiconductor manufacturing plants, including East Fishkill, the company confirmed Wednesday.
Will there be a trade war? Probably not, because protectionist measures would hurt the US economy and the Chinese are counting on it to be impractical.
US-based private-equity firm Silver Lake Partners and US-based chipmaker Broadcom apparently tendered a roughly JPY2 trillion (US$17.9 billion) bid. That is on the high end of estimates of the memory business' value.
Nikkei Electronics Asia
When translated from Mandarin, Apple's China retail website for the Red devices simply read as "now in red" while the Taiwanese site used the words "product" Red which the US and other countries have as well.
Seagate is closing a design center in South Korea, according to its 8-K homework submitted to US financial watchdog, the SEC.
The Japanese government said it was not considering steps to support embattled Toshiba and will share information with Washington on developments involving the firm and its US nuclear unit Westinghouse.