Tag Archives: technology
Crypto exchange Huobi’s Li to sell his entire stake to buyout firm
(Reuters) - Cryptocurrency exchange Huobi Global said its founder had agreed to sell his controlling stake in the China-based company to buyout firm About Capital Management (HK) Co. Upon completion o...
Oct 08, 2022
What’s a supercomputer? How the U.S. will decide who to punish with China tech curbs
By Jane Lanhee Lee and Stephen Nellis (Reuters) - Deciding who gets hurt by sweeping new U.S. curbs on selling technology to China will come down in part to what constitutes a "supercomputer," experts...
Oct 07, 2022
FTC files slimmed-down complaint in fight with Meta over Within acquisition
WASHINGTON (Reuters) - Antitrust enforcers who have asked a federal judge to stop Facebook parent Meta Platforms Inc from buying virtual reality content maker Within filed a shorter version of their c...
Oct 07, 2022
Betting on flexibility, China’s Nio will only rent cars in new EU markets
By Victoria Waldersee BERLIN (Reuters) - Chinese electric vehicle maker Nio will only lease its cars when it launches in four European markets this year, its CEO told Reuters on Friday, betting that f...
Oct 07, 2022
SK Hynix says it will seek out license for Chinese memory chip factory
(Reuters) - South Korean memory chip maker SK Hynix Inc on Friday said that it will seek out a license under new U.S. export control rules for equipment to keep operating its factories in China. Ameri...
Oct 07, 2022
Explainer-What is ‘FDPR’ and why is the U.S. using it to cripple China’s tech sector?
By Jane Lanhee Lee and Stephen Nellis OAKLAND, Calif. (Reuters) - They did it to Huawei. They used it on Russia. Now, the United States is going after China's advanced computing and supercomputer indu...
Oct 07, 2022
Nvidia says it does not expect new U.S. export hit its business
(Reuters) - Nvidia Corp on Friday said it does not expect new U.S. export control rules against sending chips to Chinese supercomputing systems to have a material affect on its business. Nvidia said t...
Oct 07, 2022
U.S. aims to hobble China’s chip industry with sweeping new export rules
By Stephen Nellis and Karen Freifeld (Reuters) - The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips m...
Oct 07, 2022
PepsiCo confirms Tesla Semi truck deliveries to start in December
By Jessica DiNapoli and Uday Sampath Kumar (Reuters) -PepsiCo Inc confirmed on Friday it would take delivery of Tesla Inc's Semi trucks on Dec. 1, becoming the first company to receive its orders of t...
Oct 07, 2022
Exclusive-Providence wins $1.3 billion auction for French software firm A2Mac1 – sources
By Emma-Victoria Farr and Pamela Barbaglia FRANKFURT (Reuters) - Providence Equity Partners is in exclusive talks with Rothschild's buyout fund Five Arrows Principal Investments (FAPI) to buy French a...
Oct 07, 2022
