Tesla Also Losing Ground in China as It Disappoints Globally
In a challenging landscape for electric vehicle manufacturers, Tesla Inc. is experiencing a significant drop in market share in China, the world's largest automotive market. The company's struggles in China are part of a broader global slowdown in EV demand, leading to Tesla's largest quarterly sales miss to date....
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AMD Hits US Roadblock in Selling AI Chip Tailored for China
Advanced Micro Devices Inc., a leading semiconductor company, has faced a significant hurdle in its efforts to sell an artificial intelligence chip specifically tailored for the Chinese market. Sources familiar with the matter have revealed that AMD's attempts were thwarted by a US government intervention, reflecting the broader crackdown...
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China Taking On US Fuels $147 Billion Rally in Japanese Chip Stocks
In a remarkable turn of events, Japanese chip stocks are experiencing a significant rally driven by heightened demand from China, despite looming concerns over US restrictions. The surge in demand from China for legacy chip making equipment has propelled Japanese producers to new heights, positioning them as key players...
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Saudi-Backed Chinese VC to Raise $1 Billion for Mideast Startups
In a strategic move to bolster the tech startup ecosystem in the Middle East, a Chinese venture capital firm supported by a unit of Saudi Arabia’s Public Investment Fund (PIF) is in the process of raising a substantial $1 billion fund. MSA Capital, the VC firm in question, is...
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IPhone Takes Top Spot in China for First Time Despite Challenges
In a notable turn of events, Apple Inc.'s iPhone secured the position of the top-selling smartphone series in China for the first time last year, showcasing a surprisingly robust performance despite fierce local competition and increasing government restrictions on the American company's technology. IPhone claimed the top spot in...
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