Latest news with #USChinaTensions
Bloomberg
3 days ago
- Business
- Bloomberg
Globe Says Supply Chain Risks ‘Mitigated' Amid US-China Tensions
Philippine mobile leader Globe Telecom Inc. has mitigated supply chain risks with diversified Chinese and Western vendors, its chief executive officer said, as companies navigate US-China tensions. 'We are agnostic in a sense. We really focus on the business,' Globe Telecom CEO Carl Cruz said in an interview with Haslinda Amin at a Bloomberg Media Group event in Manila on Thursday, when asked about making a choice between China and the US.
South China Morning Post
10-06-2025
- Health
- South China Morning Post
Hong Kong must ‘seize opportunities' to attract talent amid US student visa woes
Hong Kong should capitalise on the opportunities arising from US-China tensions to attract more talent to its academic and tech sectors, heads of the city's top medical schools have said, ahead of a visit to the world's largest biotechnology event in Boston. Representatives from the medical faculties of the University of Hong Kong (HKU) and the Chinese University of Hong Kong (CUHK) will join the delegation of the government-funded Hong Kong Science and Technology Parks Corporation (HKSTP) attending BIO 2025 between June 16 and 19. The event is reportedly the largest globally for the biotechnology industry. Responding to whether the worsening US-China rivalry had affected their work, Professor Wallace Lau Chak-sing, dean of medicine at HKU, said the tensions had instead provided incentives for talent to join Hong Kong's institutions. 'We continue to have many experts from the US supporting our work in our school of biomedical engineering. We also have an international advisory board in which many of the advisers are experienced professors from the US,' he said. 'We should not be too worried about the situation. We should take advantage of different circumstances to attract talent.'
CNA
10-06-2025
- Business
- CNA
Huawei chips are one generation behind US but firm finding workarounds, CEO says
BEIJING: Huawei Technologies' chips are one generation behind those of its US peers but the firm is finding ways to improve performance through methods such as cluster computing, Chinese state media quoted CEO Ren Zhengfei as saying on Tuesday (Jun 10). The chipmaker invests 180 billion yuan (US$25.07 billion) in research annually and sees promise in compound chips - chips made from multiple elements - Ren said in an interview with the People's Daily newspaper of the governing Communist Party. There is "no need to worry about the chip problem", Ren said, addressing concerns stemming from US export controls. The article, published on the front page of the newspaper, come as top US and Chinese officials are set to resume trade talks for a second day in London where topics such US tech restrictions on China are expected to be discussed. Since 2019, a slew of US export curbs, aimed at curbing China's technological and military advancements, have restricted Huawei and other Chinese firms from accessing high-end chips and the equipment needed to produce them from abroad. Ren's comments are the first ever from him or Huawei about the company's advanced chipmaking efforts, which have become a flashpoint in US-China tensions. Huawei is just one of many Chinese chipmakers, Ren said in the interview, adding: "The United States has exaggerated Huawei's achievements. Huawei is not that great. We have to work hard to reach their evaluation." "Our single chip is still behind the US by a generation. We use mathematics to supplement physics, non-Moore's law to supplement Moore's law and cluster computing to supplement single chips and the results can also achieve practical conditions. Software is not a bottleneck for us," he said. Cluster computing is when multiple computers work together. Moore's law refers to the speed of chip advancement. HUAWEI'S LAUNCHES Huawei's Ascend series of AI chips compete in China with offerings from Nvidia, the global leader in AI chips. The US commerce department last month said the use of Ascend chips would be a violation of export controls. Nvidia's AI chips are more powerful than Huawei's but the company has been barred by Washington from selling its most sophisticated chips to China, causing it to lose significant market share to Huawei. In April, Huawei launched "AI CloudMatrix 384", a system that links 384 Ascend 910C chips in a cluster that companies can use to train AI models, which has been described by analysts as able to outperform Nvidia's GB200 NVL72 system on some metrics. Dylan Patel, founder of semiconductor research group SemiAnalysis, said in an article that month that it meant that Huawei and China now had AI system capabilities that could beat Nvidia. Nvidia and the US commerce department did not immediately respond to a request for comment on Ren's remarks. Ren also said about a third of Huawei's annual research spending went to theoretical research while the rest was spent on product research and development.
Bloomberg
04-06-2025
- Business
- Bloomberg
Bloomberg Daybreak: Trump Blasts Xi
On today's podcast: 1) More tensions between the U.S. and China as President Trump says Xi Jinping is extremely hard to make a deal with. Tensions between the two countries are increasing, with the US recently barring the shipping of critical jet engine parts to China and seeking to slap fresh curbs on Huawei Technologies Co. chips, among other measures. 2) Elon Musk blasts the president's tax cut bill, calling it an "abomination." Musk's criticism was met with responses from White House Press Secretary Karoline Leavitt, who brushed it off, and Senator Mike Lee, who appeared to endorse Musk's criticism. The tax bill is forecast to bring down federal revenue by about $4 trillion over a decade, adding about $2.5 trillion to the federal deficit over the period. 3) Wells Fargo finally gets out from under the Fed's cap on its assets. The Fed said Wells Fargo met all conditions required by an enforcement action imposed on the bank in 2018 to remove the restriction. The removal of the cap marks a major win for CEO Charlie Scharf and allows the bank to pursue growth again, with plans to increase returns and growth in a deliberate manner.
Bloomberg
03-06-2025
- Business
- Bloomberg
Roach: Too Early to Declare Hong Kong Over
Stephen Roach, Senior Fellow at Yale Law School, discusses why he is revising his declaration that Hong Kong is finished and says the city is being reinvigorated by US-China tensions. He speaks with Yvonne Man and David Ingles on "Bloomberg: The China Show." (Source: Bloomberg)
