ByteDance abandoned the sale of TikTok in the US on Sunday to pursue a partnership with Oracle that it hopes will spare it a US ban while appeasing China’s government, people familiar with the matter said.
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Nvidia will buy UK-based chip designer ARM from Japan’s SoftBank Group for as much as US$40-billion, the companies said on Monday, in a deal set to reshape the global semiconductor landscape.
Beijing opposes a forced sale of TikTok’s US operations by its Chinese owner ByteDance, and would prefer to see the short-video app shut down in the US, people with knowledge of the matter said.
A good decade after Nokia’s mobile phone business suffered a fatal blow at the hands of the iPhone, the Finnish company is still feeding off a lucrative asset that it salvaged from the wreckage.
The latest additions to China’s list of controlled technology exports could upset a broad range of industries and raise the possibility that some global tech giants might have to split off their Chinese operations.
ByteDance is increasingly likely to miss a Trump administration deadline for the sale of its TikTok US operations after new Chinese regulations complicated negotiations with bidders Microsoft and Oracle.
China’s top flash memory chip maker sees no easy way to replace US chip-making gear, underscoring how a further crackdown on the supply of American technology will devastate the local semiconductor industry.
Apple has filed filed counterclaims against Fortnite creator Epic Games asking for lost App Store fees and other damages, and seeking an order to stop the game maker from operating its own in-app payment system.
Huawei is expected to respond on Thursday to the latest salvo of US technology restrictions against it and share its progress on developing a system that is seen as its best bet to replace Android.
Tesla shed about $80-billion of its market value on Tuesday, an amount that overshadows the combined value of General Motors and Ford, after its surprise exclusion from the S&P 500 Index.