Tag: china’s
: China’s shadow banking sector poses ‘rising risks of a financial crisis’: report
Dow Jones Newswires: China’s consumer inflation eases, producer prices deflate further
China’s Space Pioneer Becomes First Private Company to Reach Orbit During Debut Launch
Chinese company Space Pioneer established a pair of milestones this past Sunday, becoming the first startup to successfully reach orbit on its first attempt, and the first Chinese company to reach orbit with liquid rocket propulsion.
Hong Kong is charting its own web3 path despite China’s anti-crypto stance
While these developments are encouraging signs to some, others question whether the semi-autonomous region has the right conditions for building all forms of web3 organizations and businesses to thrive.
Hong Kong is charting its own web3 path despite China’s anti-crypto stance by Rita Liao originally published on TechCrunch
Japan joins US-led effort to restrict China’s access to chipmaking equipment
Japan is officially moving forward with restrictions aimed at limiting China’s access to advanced chipmaking machinery. As CNN reports, the country announced Friday it would tighten export controls on 23 types of semiconductor manufacturing equipment. Once the new rules take effect in July, companies like Nikon and Tokyo Electron will need to obtain approval from Japan’s trade ministry if they want to sell their tools in some 160 territories across the world. A Japanese government spokesperson told CNN the restrictions aren’t designed to target a specific nation. However, Japan’s east asian rival is among the nations on the restricted list.
“We will fulfill our responsibilities in the international community as a technology-owning country and contribute to maintaining international peace and security,” Yasutoshi Nishimura, Japan’s minister of economy, trade and industry, told reporters.
The restrictions follow the US and Netherlands enacting similar export controls. At the start of the year, the three countries reportedly reached an agreement to limit China’s access to western-made lithography machines. In March, the Netherlands made good on the deal, announcing it would restrict overseas sales of semiconductor technology in the interest of its national security. Those restrictions will affect ASML. As of last year, the Dutch firm was the only company in the world producing the extreme ultraviolet lithography (EUV) machines chipmakers need to make the 5nm and 3nm semiconductors that power the latest phones and computers.
China has homegrown firms capable of making up some of the shortfall the country’s tech industry will experience from the lack of access to western-made lithography equipment. However, it may take some time before those companies match the capacity of their American, Japanese and European rivals. According to research from Reuters, Shanghai Micro Electronics Equipment (SMEE), China’s only producer of lithography equipment, makes machines capable of printing 90nm node semiconductors. More promising is the work of SMIC, the country’s leading semiconductor manufacturer. Last summer, it began volume production of 14nm chips and began making 7nm chips without access to foreign-made equipment.
This article originally appeared on Engadget at https://www.engadget.com/japan-joins-us-led-effort-to-restrict-chinas-access-to-chipmaking-equipment-214602553.html?src=rss
China’s Chip Industry Will Be ‘Reborn’ Under US Sanctions, Says Huawei
The U.S. is concerned that China could use advanced semiconductors for military purposes. Huawei’s Xu said these developments could boost, rather than hamper China’s domestic semiconductor industry. “I believe China’s semiconductor industry will get reborn under such sanctions and realize a very strong and self-reliant industry,” Xu said. Last week, Huawei claimed to have completed work on electronic design automation tools for laying out and making chips down to 14nm process nodes.
“But Huawei ideally needs chips of a much smaller nanometer size for more advanced applications, which they are currently finding it difficult to obtain,” adds Reuters. “The company is still reeling from the effects of U.S. sanctions — on Friday, it said net profit dropped 69% year-on-year in 2022, marking the biggest decline on record.”
Read more of this story at Slashdot.
Alibaba, China’s largest tech firm, set to restructure into six spin-offs
The split companies will focus on six tech sector areas, including cloud computing, e-commerce, and logistics. According to Nikkei Asia, the new companies will include the Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Service Group, Cainiao Smart Logistics, Global Digital Commerce Group, and Digital Media and Entertainment Group.