Articles for tag: Aiming, ASMLs, Breakthrough, Challenging, China, Chip, Claims, Compete, Dominance, Homegrown, Sanctions, Technology

Market News

China claims a breakthrough in homegrown chip technology, challenging US sanctions and aiming to compete with ASML’s dominance.

China claims a breakthrough in homegrown chip technology, challenging US sanctions and aiming to compete with ASML’s dominance.

China has made significant strides in developing its own chipmaking equipment, aiming to overcome U.S. sanctions that hinder its semiconductor goals. The country’s Ministry of Industry and Information Technology recently announced a new laser-based immersion lithography machine capable of producing chips with resolutions of 65 nanometers or better. This marks a notable advancement from previous ...

Market News

PwC faces a record penalty in China for audit failures, prompting substantial investments to rebuild trust and ensure sustainability.

PwC faces a record penalty in China for audit failures, prompting substantial investments to rebuild trust and ensure sustainability.

PwC is making significant investments to enhance its business quality and sustainability in China following a recent record penalty. The firm faced a six-month suspension and a hefty fine of 441 million yuan (approximately $62 million) due to its involvement in the audit of the troubled property developer, China Evergrande Group. Chinese regulators accused Evergrande ...

Market News

Rahul Gandhi Sparks Outrage: Accused of Trusting China Over Indian Generals Amid Controversial US Trip

BJP spokesperson RP Singh criticized Rahul Gandhi for his recent comments regarding the India-China border conflict, suggesting that Gandhi trusts China more than Indian military leaders. Speaking in Washington, Gandhi slammed Prime Minister Modi’s handling of Chinese troops in Indian territory, likening it to a failure any U.S. president would face. Singh accused Gandhi of ...

Market News

Rahul Gandhi’s U.S. Remarks: Bipartisan Foreign Policy Praise Meets Sharp Critique on ‘Delhi-Sized’ Land Grab by China

During a recent media interaction at the National Press Club in Washington, D.C., Congress leader Rahul Gandhi discussed India’s foreign policy, highlighting similarities with the Modi government regarding relations with the U.S. and a firm stance against terrorism from Pakistan. He criticized the government’s handling of the ongoing border conflict with China, emphasizing the significance ...

Market News

Rahul Gandhi Sparks U.S. Debate: Is Modi’s China Strategy a Security Disaster or Just Political Theater?

Rahul Gandhi, the Congress leader, recently spoke in the US about the ongoing India-China border dispute, criticizing Prime Minister Narendra Modi’s handling of the situation. He claimed that Chinese troops have occupied an area in Ladakh equivalent to the size of Delhi, describing this as a “disaster.” Gandhi questioned how any leader could claim they ...

Market News

Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.

Huawei’s new Mate XT foldable phone garners 3.6 million pre-orders, overshadowing Apple’s latest iPhone amid fierce competition in China.

Huawei has launched its new three-way foldable smartphone, the Mate XT, aiming to strengthen its position against Apple in China’s competitive smartphone Market. The device garnered over 3.6 million pre-orders on Huawei’s website, even before its official release on September 20, coinciding with the expected launch of Apple’s latest iPhone model. Despite Huawei’s success in ...

Market News

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

Adani Group expands globally, launching subsidiaries in China and Kenya to enhance supply chain capabilities and airport operations.

Adani Group is expanding its global footprint by establishing a new subsidiary in China called Adani Energy Resources (Shanghai) Co. (AERCL), which will focus on supply chain solutions and project management services. This new venture, registered on September 2, 2024, follows a similar move in Kenya with the formation of Airports Infrastructure PLC, aimed at ...

Market News

IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM Exits China: Job Cuts Amid Rising US-China Tech Tensions

IBM is planning to scale back its operations in China, reportedly due to rising tensions between the US and China, as well as a decline in the Chinese economy. The company is cutting about 1,000 jobs in major cities like Beijing, Shanghai, and Dalian and is ending its research operations in China after 25 years. ...

Current Affairs Question and Answers: US Patriot System in China – Could Russia Have Gifted AD Launcher to Beijing?

Today’s Current Affairs: Speculation surrounds a viral photo of a US-made Patriot missile launcher in China. With the Patriot system gaining attention for its role in the Ukraine conflict, demand has surged globally. Despite initial production challenges, manufacturers like Raytheon and Lockheed Martin are ramping up output. The image, however, turns out to be a ...

After Fujian, China Adds Dedicated UAV Carrier to World’s Largest Navy: Current Affairs Question and Answers

Today’s Current Affairs: China Secretly Constructs World’s First Drone Carrier In a recent development, reports have surfaced regarding China’s covert construction of the world’s first dedicated drone carrier. The vessel, resembling a compact aircraft carrier, was spotted through satellite images, showcasing China’s advancements in naval warfare. The ship, strategically located on the Yangtze River, marks ...

DeFi Explained: Simple Guide Green Crypto and Sustainability China’s Stock Market Rally and Outlook The Future of NFTs The Rise of AI in Crypto