Category: curbs
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Chinese chip firms say they can withstand new US export curbs
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Written by Eduardo Baptista and Heikung Yang BEIJING/SEOUL (Reuters) – Chinese chip companies targeted by Washington with new export controls have pledged to accelerate the localization of their supply chain and said they will be able to continue production thanks to recent efforts to build stockpiles of equipment. The latest…
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U.S. preps China chip curbs that stop short of early proposals
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The Biden administration is considering additional restrictions on sales of semiconductor equipment and AI memory chips to China, which would escalate the US crackdown on Beijing’s technology ambitions, but stops short of some of the tougher measures previously considered, according to people. Informed about the matter. The people, who confirmed…
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OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump
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Breadcrumb links BMN Business When OPEC+ ministers meet this weekend, they face an unpalatable choice: continue to limit oil supplies until 2025, or risk renewed price declines. Article writer: Bloomberg News Grant Smith Posted on November 27, 2024 • 4 minutes read You can save this article by registering for…
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China warns Japan of economic reprisal if potential new chip curbs are imposed
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HH 5800 China has warned of tough economic retaliation against Japan if it continues to impose restrictions on its sales and maintenance of chipmaking equipment to Chinese companies, Bloomberg News reported. Senior Chinese officials have reiterated this position in recent meetings with their Japanese counterparts, the report said. Added Quoted…
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HSBC’s Play for Mideast Wealth Marred by Exits, Regulatory Curbs
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Breadcrumb Trail Links PMN Business At HSBC Holdings Plc, a star hire who was supposed to reinvigorate the firm’s private banking business in the Middle East is facing a reality check. Author of the article: Bloomberg News Archana Narayanan, Dinesh Nair and Ben Stupples Published Aug 16, 2024 • 7…
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Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources By Reuters
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By Heikyong Yang, Fanny Botkin, and Karen Freifeld SEOUL/SINGAPORE (Reuters) – Chinese tech giants including Huawei Technologies and Baidu Inc as well as startups are stockpiling ultra-wideband memory semiconductors from Samsung Electronics Co Ltd in anticipation of U.S. restrictions on chip exports to China, three sources said. Companies have ramped…
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Nvidia to launch in Middle East amid U.S. curbs on AI exports to region, Ooredoo CEO says By Reuters
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Written by Andrew Mills DOHA (Reuters) – Nvidia (NASDAQ:) has signed an agreement to deploy its artificial intelligence technology in data centers owned by Qatari telecommunications group Ooredoo in five countries in the Middle East, Ooredoo’s CEO told Reuters. The agreement represents Nvidia’s first large-scale launch in the region, to…