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Huawei denies offer to invest in ex-unicorn Royole, a bankrupt Chinese flexible display maker

Huawei Technologies, the world's largest telecommunications equipment vendor, has denied it had any plan to invest in Royole Corp, the former high-flying Chinese start-up that rose to fame in 2018 for launching the industry's first foldable smartphone ahead of Samsung Electronics. That denial was issued on Monday in response to a WeChat post, which went viral on Sunday across Chinese social media, by former Royole independent director Liu Shuwei, who serves as director of the China Enterprise Re ....

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Tech war: new US restrictions could deny China access to chip making services from TSMC, Samsung

A reported US move to restrict China's access to an advanced semiconductor architecture and high-end memory chips for artificial intelligence (AI) applications could cut it off from access to leading wafer foundries such as Taiwan Semiconductor Manufacturing Co (TSMC) and Samsung Electronics, analysts said. The Biden administration is considering more restrictions on China's access to a cutting-edge chip architecture known as gate all-around, or GAA, and high bandwidth memory (HBM) AI memory chi ....

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New Nvidia Blackwell GPUs put China further behind global leading edge in AI chips amid US sanctions

The gap between China and the US in leading artificial intelligence (AI) chip technology is set to widen further, after Nvidia founder and chief executive Jensen Huang unveiled next-generation processors for what he called a new era of generative AI and robotics used in industries. In a keynote speech on Sunday ahead of the Computex trade show in Taiwan that runs from June 4 to 7, the 61-year-old billionaire said computers are "no longer just an instrument for information storage or data process ....

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'China's London'? Hong Kong's finance hub status will be cemented by mainland's economic development, summit told

Hong Kong's status as an international financial centre will be reinforced by yuan internationalisation and China's economic transformations, according to top finance officials and industry players. Despite facing "unprecedented changes", Hong Kong's connectivity with mainland China and potential to tap growing opportunities arising from the increased use of the mainland currency globally will consolidate and enhance the city's unique status, deputy financial secretary Michael Wong Wai-lun told ....

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Foreign visitors find barrier to entry at China's museums, which may translate to losses for tourism industry

The National Museum of China, which houses the richest collection of Chinese cultural relics, has long been a top attraction for domestic and overseas tourists. But, to the detriment of foreign visitors, they must pre-book by choosing a time slot and registering their information through the museum's Chinese-language "mini-programme" - an application that functions within the WeChat super app. This and other similar systems were developed during the Covid-19 pandemic when there were no internati ....

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