The US Commerce Department’s Bureau of Industry and Security (BIS) last week moved Chinese NAND flash memory maker Yangtze Memory Technologies Co (YMTC) from its “Unverified List” to its “Entity List”, the Biden administration’s latest punitive move against a major Chinese technology company. In the words of the BIS, those who qualify for the […]Continue Reading
China has warned Japan of undisclosed consequences if it follows the United States in imposing chip export bans against it, urging Tokyo instead to reject what it sees as Washington’s “bullying behavior.” China’s foreign ministry issued the comments after an unnamed Japanese government insider was quoted by Nikkei as saying that Tokyo had received a […]Continue Reading
Honda Aircraft Company has launched an upgraded version of its Elite model business jet, a move expected to keep it at the leading edge of the light jet market. Honda Aircraft’s headquarters and factory are located next to Piedmont Triad International Airport, near Greensboro, North Carolina. The HondaJet Elite II was unveiled on October 17 […]Continue Reading
Some Chinese semiconductor makers are reported to have taken the initiative to contact the United States embassy in Beijing after they were put on a trade watch list of the US Commerce Department last month. These are companies that are required to pass an end-use check within 60 days or they will be added to […]Continue Reading
US income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022. That might sound surprising, since the most accurate measure of the poverty rate declined during the same time span. But for development experts like me, this apparent contradiction makes perfect sense. That’s […]Continue Reading
Once again Covid and China’s policy for combating it are causing a lot of excitement. Hong Kong stock markets were up on Tuesday after an unconfirmed social media post said China was preparing to “reopen its border” in March next year. The Hang Seng Index jumped 5.23% to 15,455 points. Tencent surged 10.6% while Meituan […]Continue Reading
Huawei’s sales and profits are showing signs of recovery after more than three years of US sanctions while its industrial 5G is taking it far beyond smartphones as a shaper of the global economy. On October 27, the company announced business results for the first nine months of 2022, reporting sales of 445.8 billion Chinese […]Continue Reading
Soaring inflation is the top issue for a lot of voters heading into the midterms, with most saying Republicans would do a better job of handling the problem. Indeed, Republican candidates are taking full advantage of voter concern about inflation by hammering Democrats on the issue and pushing their own ideas to fight inflation, such […]Continue Reading
The United States reportedly is calling on the European Union to impose a semiconductor export ban on China – but Chinese officials and media doubt the Americans, simply by asking, can persuade the Europeans to give up a highly lucrative export market. Bloomberg reports that the Biden administration is urging the EU to share information […]Continue Reading
Elon Musk’s proposed US$44 billion deal to acquire Twitter and take it private is reportedly coming together as a court’s October 28, 2022, deadline is upon us. Musk told his bankers he intends to complete the deal by then – and his lenders have reportedly already begun funding the deal. If he doesn’t, Twitter’s lawsuit […]Continue Reading