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Chinese chipmaker's ambitions hit hurdle with U.S. indictment
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HONG KONG/BEIJING (Reuters) – Chinese state-backed semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd billed itself as a national leader in the tech industry. It planned to drive a shift towards locally made chips and end a heavy reliance on imports, especially from the United States. “The era of Chinese chips has arrived,” it said […]

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Chinese electric car makers, nurtured by state, now look for way out of glut
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HANGZHOU, China (Reuters) – Humming away in an industrial estate in the eastern Chinese resort city of Hangzhou, electric vehicle designer Automagic is one of hundreds of companies looking to ride the country’s wave of investment in clean transportation. The company wants to find a niche in a crowded sector that already includes renewable equipment […]

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Shares in Chinese tech firms tumble, Lenovo plunges over 20 percent
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HONG KONG (Reuters) – Shares in Lenovo Group Ltd and ZTE Corp plunged on Friday, hurt by concerns their sales could suffer in the wake of a Bloomberg report that U.S. companies’ systems had been infiltrated by malicious computer chips inserted by Chinese spies. The Lenovo logo is seen in this illustration photo January 22, […]

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Micron: First Price Fixing, Now Antitrust Allegations By The Chinese Government
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On April 27, 2018, Micron Technology (MU), along with Samsung Electronics (OTC:SSNLF) and SK Hynix (OTC:HXSCL), were sued for alleged DRAM price fixing. The class action lawsuit alleges that Samsung, Hynix, and Micron conspired to limit the supply of memory, keeping consumer prices artificially high as a result. According to the complaint filed by the […]

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