China Has Always Trailed the U.S. in Chipmaking. In the Trade War Era, Will It Finally Catch Up?

China famously spends more on importing semiconductor chips than it does on importing oil. This bit of trivia illustrates China’s deep dependency on foreign chips and is especially notable given China’s outsize efforts to break the habit. Even now, after years of investments, China still lags far behind the U.S. in manufacturing the tiny chips
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Chinese conglomerate Alibaba Group Holding Limited will list on the Hong Kong Stock Exchange on Nov. 26 amid an economic recession and social unrest, and aims to raise as much as $13.4 billion in the initial public offering. According to the draft prospectus for the listing, Alibaba plans to use funding from the Hong Kong
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A week after Apple debuted its Apple TV Plus video-streaming service, there’s disagreement over how well it’s done. One news report said that Apple executives are pleased with the number of people who have watched shows. But another report said interest on social media in its shows, including The Morning Show and See, is less
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If Jenny Gao were a tech bro, the headlines would say she was trying to disrupt the hot sauce industry—perhaps purporting that her brand is the Uber of Chinese condiments. But instead, as an immigrant woman chef, Gao is forging her own quiet path toward her dream: creating a conversation about the flavors of her
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The World Trade Organization said Friday China can impose tariffs on up to $3.6 billion worth of U.S. goods over the American government’s failure to abide by anti-dumping rules with regard to Chinese products. The move hands China its first such payout at the trade body at a time when it is engaged in a
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Good afternoon, readers (and a Happy Halloween to those who “celebrate.”) China is in the early throes of a biotech explosion. And American companies have taken notice. On Thursday, U.S. biotech giant Amgen announced that it will take a 20.5% stake in BeiGene, a firm which IPO’d in the U.S. back in 2016 with a
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Enlarge / A sign outside Huawai’s offices in Santa Clara, California, August 17, 2017. Getty Images | Smith Collection/Gado Trade War! USA v. China View more stories Federal Communications Commission Chairman Ajit Pai is moving ahead with a ban on equipment from Chinese vendors Huawei and ZTE in US-funded telecom projects. The FCC will vote on
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The United States and China are vying for technological leadership in three crucial areas that have made headlines in recent weeks—and highlight the two nations’ starkly different approaches to innovation. The three areas: quantum computing, cryptocurrency, and fifth-generation (5G) mobile communications. In each area, gaining competitive advantage could have fundamental long-run implications for the two
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The Chinese-owned video application TikTok may be a national security threat to the U.S. and should be investigated, two key senators said in a letter to the acting director of national intelligence. “TikTok is a potential counterintelligence threat we cannot ignore,” Republican Senator Tom Cotton and Senate Minority Leader Chuck Schumer said in a letter Thursday to
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Over the last few months, Hong Kong’s Southorn Playground has been both a contested protest zone and a continued favorite spot for Hong Kong’s pick-up basketball players. On Tuesday evening, basketball and the protests became one, as hundreds gathered in protest of basketball superstar Lebron James’ recent criticisms of Houston Rockets general manager Daryl Morey.
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