In documents filed last December in Federal District Court for the Northern District of California, Micron claimed that designs for its memory chips were stolen after rejecting an acquisition and multiple partnership offers from Chinese tech companies. Micron said Taiwanese company UMC and China’s FJICC colluded in the theft of valuable trade secrets.
Peter Navarro, one of Trump's top trade advisors said that the US currently has no plans to impose investment restrictions on any countries, according to a report by CNBC on Tuesday. Navarro’s comments came after news reports that had Wall Street reeling over the prospect that the US could prevent companies that had at least 25% Chinese ownership from buying businesses that possessed "industrially significant technology", the report says.
The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” a government official briefed on the matter said on Sunday. The official, whose comments matched a report by the Wall Street Journal, emphasized that the Chinese ownership threshold may change before the restrictions are announced on Friday.
The universities and research institutions in the United States focusing on quantum computing are “sub-par,” a top National Security Agency official said June 21. The complaint is among a laundry list of examples, topped by cybersecurity, where American innovation in the intelligence field is struggling, said George Barnes, deputy director at the NSA.
The new head of the Federal Trade Commission (FTC) wants to review how the consumer protection and antitrust agency polices companies like major tech platforms, promising “vigorous enforcement” of Silicon Valley. Joseph Simons, who was sworn in as FTC chairman last month, on Wednesday announced that he would convene a series of public hearings later this year to examine whether changes in the economy prompted by the rise of tech giants might necessitate changes in how regulators carry out enforcement.
When Google’s AlphaGo defeated the Chinese grandmaster at a game of Go in 2017, China was confronted with its own “Sputnik moment”: a prompt to up its game on the development of artifical intelligence (AI). Sure enough, Beijing is pursuing launch a national-level AI innovation agenda for “civil-military fusion”.
"Apple is most exposed," Neil Campling, co-head of global thematic group at Mirabaud Securities, told CNBC by phone Tuesday. Drilling into the numbers you can see why. In its last fiscal year, Apple generated nearly 20 percent of its revenues from Greater China, which equated to $44.7 billion. In 2017, it shipped over 41 million iPhones into China and was the fifth-largest player in the market, according to data from IDC. On top of that, it has around 40 stores in China.
“In the technology space, China has this thing called China 2025. It’s basically a blueprint to take over and dominate the emerging technology industries of the future - things like artificial intelligence, robotics, high-tech shipping, aerospace,” he explained. “The president has said, correctly, these are the industries of the future. If we don’t have them, America doesn’t have a future,” he warned. Navarro outlined four tactics China uses to dominate these industries.
As the world's largest economies threaten tit-for-tat tariffs, White House trade advisor Peter Navarro tore into Chinese trade practices aimed at stealing American companies' intellectual property. U.S. officials have long complained that intellectual property theft has cost the economy billions of dollars in revenue and thousands of jobs.
As society has progressed, many of us have swapped physical interaction for online interaction and daylight for artificially emitted blue light – including our children. We’re seeing toddlers with faces glued to smartphones and tablets, and as kids reach school age, they’re often encouraged to spend time on iPads and other devices to do schoolwork. But what does this mean? What are the potential side effects? How much screen time is too much?