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China is set to pass a new law that would restrict sensitive exports vital to national security, expanding its toolkit of policy options as competition grows with the US over access to modern technologies.

The story of TSMC’s industry dominance steamed ahead unabated on Thursday, with record earnings on the back of booming demand for chips used in smartphones and servers.

The race is on to get billions of people connected to the Internet via a global network of satellites. Europe’s Airbus announced this week that it is to design and build up to 900 satellites for the privately owned OneWeb, which includes Richard Branson as a