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Apple stock dropped 4% in early Friday trading broadly following yesterday’s trend after China announced reciprocal tariffs in response to U.S. President Trump’s trade policies, MacRumors reported. The latest decline follows Thursday’s dramatic 9% plunge that erased nearly $300 billion from Apple’s market value - the company’s worst single-day performance in five years - amid growing fears that Trump’s trade
The U.S. on Tuesday added dozens of Chinese tech companies to it’s export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing’s artificial intelligence and advanced computing capabilities, CNBC reported. The U.S. Department of Commerce’s Bureau of Industry and Security added 80 organizations to an “entity list,” with more than 50
DJI, the world’s largest drone company, is suing to avoid being seen as a tool of the Chinese government, The Verge reported. On Friday, it sued the US Department of Defense to delete its name from a list of “Chinese Military Companies,” claiming it has no such relationship to Chinese authorities and has suffered unfairly as a result of that
The U.S. Commerce Department on Monday proposed banning Chinese software and hardware for vehicles with a built-in internet connection, a move that would in effect ban Chinese vehicles from the US market, Financial Times reported. The rule follows concerns from the Biden administration about Chinese companies collecting data on American drivers and infrastructure as well as the potential for foreign
The Biden administration has revoked export licenses that allow Intel and Qualcomm to supply Huawei with semiconductors as Washington increases the pressure on the Chinese telecoms equipment company, Financial Times reported. The move by the US Department of Commerce affects the supply of chips for Huawei’s laptop computers and mobile phones, according to people familiar with the situation. The commerce
Everyone with half a brain realizes that the efforts behind Chinese industrial espionage and IP theft have helped fuel their economoy. They are masters of stealing and duplicating tech that they did not build, design and or create. One only has to go to any trade show and watch vendors throw covers over their newest products when the Chinese spies