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With Apple stock near an all-time high, it's worth asking how it got there - and how long that can last. The world's most valuable company makes great products, but it may turn out that the biggest driver of its share price has been the close relationship CEO Tim Cook has cultivated with China.
The Financial Times
Dongfang Jingyuan Electron, a semiconductor software firm, is weighing filing for an initial public offering in China as soon as next year, according to people familiar with the matter, as the country spars with developed democracies over access to chipmaking technology.
Bloomberg
Cutting economic ties with China is unrealistic, the chief executive of luxury carmaker Mercedes-Benz told tabloid newspaper Bild am Sonntag, and said attempting to do so would put most of Germany's industry at risk.
Reuters
Ford Motor is hitting the brakes in China, the world's largest auto market, with new plans to scale back investment in order to improve profitability.
Bloomberg
Changxin Memory Technologies plans to file for a domestic initial public offering this year that could value the Chinese chipmaker north of $14.5 billion, a milestone debut that could help galvanize the country's technology aspirations.
The White House has asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing bans Idaho-based Micron from selling chips, as it tries to rally allies to counter Chinese economic coercion.
The Financial Times
The Biden administration is beginning to plan for 6G wireless telecommunications, seeking to expand internet access while reasserting US leadership in a sector where China has notched gains.
Wall Street Journal
Chinese technology giant Alibaba has announced plans to roll out its own artificial intelligence (AI) ChatGPT-style product called Tongyi Qianwen.
BBC News
Beijing announced a cybersecurity review of Micron Technology, a top-tier U.S. chip maker, on Friday. The measure, which many industry analysts had expected, is China's most significant stroke of retaliation against Washington over its campaign to sever China's access to high-end chips.
New York Times
Jack Ma might be one of Beijing's best chances at repairing its reputation with the private sector in China and beyond. But the billionaire has been circumspect about invitations from authorities.
Bloomberg
"American companies don't have a good track record with data privacy," Chew reminded the committee while repeatedly telling Congress members that the questions that they had about TikTok reflected industry-wide problems that go well beyond one app.
Ars Technica
Nvidia has modified its flagship product into a version that is legal to export to China.
Reuters
Suppliers to Dutch chip-making machines giant ASML Holding are considering building plants in Southeast Asia instead of China amid political tensions between Beijing and the West, according to two sources and documents seen by Reuters.
Reuters
Nvidia, Advanced Micro Devices (AMD) and other tech firms are scrambling to assess whether they must halt sales to units of China's Inspur Group after its addition to a US export blacklist last week.
Reuters
The National Integrated Circuit Industry Investment Fund will commit CNY12.9 billion towards Yangtze Memory Technologies, according to a government website that discloses company registration information. The capital infusion from the Big Fund, as Beijing's signature investment vehicle is commonly known, was slated for completion on Januar 31, according to Tianyancha.
Bloomberg
Rare earth elements are a bone of contention in EV supply chains, as it can be hard to secure supplies of them, and a large majority of worldwide production is either sourced or processed in China.
Electrek
China has accused the US of overreacting after federal employees were ordered to remove the video app TikTok from government-issued phones.
BBC News
US curbs on China's access to advanced technology are killing its viability as a manufacturing base for exports, according to the head of Japan's Kyocera, as one of the world's largest makers of chip components shifts its production elsewhere and invests heavily in facilities at home.
The Financial Times
Major computer chip equipment maker ASML says a former employee in China stole information about its technology.
BBC News
SoftBank's chip technology firm Arm's China joint venture laid off 90-95 employees last week to cope with a challenging business outlook this year, according to two sources familiar with the situation.
Reuters
Apple's earnings were an even bigger disaster than expected thanks to a combination of a stronger US dollar, global economic malaise, and more strife at its China factories. That analysts were unable to model for each of these known factors could signal that problems will persist even after supply returns to normal.
Bloomberg
Third-party retailers in China are offering discounts of as much as 10% on Apple's iPhone 14 Pro amid sluggish demand for smartphones.
Reuters
Hesai Technology, a Chinese developer of sensor technologies used in self-driving cars, is planning to file for an initial public offering in the US that could raise about US$150 million, according to people familiar with the matter.
Bloomberg
China's top nuclear-weapons research institute has bought sophisticated US computer chips at least a dozen times in the past two and a half years, circumventing decades-old American export restrictions meant to curb such sales.
Washington Post
China has reported 60,000 Covid-related deaths in just over a month, the first major death toll released since the country stopped its zero-Covid policy.
BBC News
Apple is set to sign up Chinese contract manufacturer Luxshare Precision Industry to produce premium iPhone models, the Financial Times reported on Wednesday, citing sources familiar with the matter. Luxshare has been producing small numbers of the iPhone 14 Pro Max at its Kunshan plant, to make up for lost production at Foxconn's Zhengzhou factory last year.
Yahoo! Finance
China's abrupt reversal of its Covid Zero policy pushed economic activity - its service sector in particular - to the slowest pace since February 2020, as the virus swept through major cities and prompted people to stay home and businesses to shut.
Fortune
A third of the global economy will be in recession this year, the head of the International Monetary Fund (IMF) has warned.
BBC News
ByteDance, the Chinese parent company of video app TikTok, has laid off hundreds of employees across multiple departments at the end of 2022 as part of a cost-cutting measure, the South China Morning Post reported on Tuesday.
Reuters
China's largest chip maker SMIC is ramping up production of a decade-old chip technology, key to many industries' supply chains, setting off alarm bells in the United States and prompting some lawmakers to try to stop them.
Reuters
According to a single report from the Kommersant, the Chinese government has decided to stop the supply of locally manufactured Loongson chips to Russia.
WCCF Tech
Chinese tech giant Alibaba Group cannot buy some of the most advanced chip designs after the SoftBank-owned British chip tech firm Arm determined that US and Britain would not approve licenses to export technology to China, the Financial Times reported on Wednesday.
Reuters
China filed a dispute with the World Trade Organization trying to overturn US-imposed export controls, which aim to limit the Asian nation's ability to develop a domestic semiconductor industry and equip its military.
Bloomberg
During Saturday night's protest in Shanghai - China's biggest city and a global financial hub in the east of the country - people were heard openly shouting slogans such as "Xi Jinping, step down" and "Communist party, step down."
BBC News
A weak memory market and US sanctions on China semiconductor producers are driving factors behind the expected 19% drop in semiconductor capital spending in 2023.
IC Insights
Chinese authorities are recruiting workers from villages and moving them to Foxconn's iPhone assembly lines after the Apple partner suffered a mass exodus.
The Financial Times
Including Hong Kong and Macao, China had 59 papers accepted by the ISSCC.
Electronics Weekly
Beijing's censors have removed viral videos circulating on Chinese social media showing workers at the Zhengzhou facility in central China asking for supplies. Two workers told the Financial Times that the factory failed to deliver food regularly to staff under quarantine.
The Financial Times
Marvell Technology is eliminating some roles in China as part of a realignment of its global research and development investments, the company said on Thursday.
Reuters
Chinese cities from Wuhan in central China to Xining in the northwest are doubling down on COVID-19 curbs, sealing up buildings, locking down districts and throwing millions into distress in a scramble to halt widening outbreaks.
Reuters
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