The tariffs that President Donald Trump has slapped on Chinese imports haven't sparked the widespread return of manufacturers to the U.S. that Trump envisioned. About 41% of American companies are considering moving factories from China because of the trade war, or have already done so, but fewer than 6% are heading to the U.S., the American Chamber of Commerce in China said in a recent survey.
Thiel, who supported Trump in 2016 and Facebook board member, made the comments during a speech at the National Conservatism Conference in Washington. He said the FBI and CIA needed to ask Google three questions to determine if the tech giant had been compromised by Chinese intelligence...
The U.S.-China space race accelerated with Amazon applying to launch 3,236 5G and 6G satellites into orbit, following the U.S. Federal Commission Communication’s (FCC’s) approval for SpaceX launching 4,425 satellites. President Trump responded in February to China beating America to launch the first 5G broadband networks, in the same manner President John F. Kennedy responded to the Soviet Union’s beating America to launch the first Sputnik satellite. Trump declared an all-out space race to dominate the future for 5th and 6th generation mobile technology.
Former University of California professor Yi-Chi Shih has been found guilty on 18 federal charges for funneling American military technology to China. The 64-year-old electrical engineer has been found guilty of handing stolen U.S. military technology to the Chinese government. Now he faces several lifetimes’ worth of time in a federal prison. Shih’s co-defendant, Kiet Ahn Mai, already pleaded guilty to smuggling charges in December 2018.
Sen. Marsha Blackburn (R-Tenn.) on Sunday accused China of building a “spy network” through the use of telecommunications group Huawei around the world and said it would be dangerous to allow Huawei access to U.S. fifth generation (5G) wireless networks. “We do not need to let Huawei get into building out these 5G networks, not for us and not for any of our allies because of the dangers there,"...
A new analysis of CVs of Huawei staff appeared to reveal deeper links between the technology giant and China’s military and intelligence bodies than had been previously acknowledged by the firm. The paper, which looks at employment records of Huawei employees, concluded that “key mid-level technical personnel employed by Huawei have strong backgrounds in work closely associated with intelligence gathering and military activities.”
Chinese authorities are reportedly installing surveillance apps on tourists’ phones at certain border crossings that collect data and scan for a range of files, according to a sweeping new investigation. According to the Times’s report, border officials in certain crossings into Xinjiang will install an app called Fengcai onto travelers’ Android devices. For travelers with Apple devices, their phones were reportedly plugged into a USB cable connected to a handheld device.
“Huge amounts of capital and talent are going to be thrown at building self-reliance and establishing a kind of parallel ecosystem here without dependence on U.S. chips, operating systems,” said Ben Harburg, managing partner of MSA Capital, a Beijing-based venture capital firm. “The rationale is that this moment created demand. Previously, it didn’t have demand for those Chinese chips...
Sen. Rick Scott (R-Fla.) said Tuesday that he does not believe President Trump will be able to strike a trade deal with China, particularly if Chinese telecom firm Huawei is involved. After a months-long stalemate, Trump announced this week that talks with Beijing had resumed with a goal of striking tariffs and resuming more open trade, but Scott, a former Florida governor, called Huawei a non-starter.
Global markets have rallied on the re-ignition of trade talks between the U.S. and China after President Donald Trump and President Xi Jinping’s meeting at the weekend, but analysts say China is already adapting to the changing business landscape and that trade (and particularly, technological) relations will never be the same again.