• Technology News

    After Didi, China Launches Cybersecurity Probe Into More U.S.-Listed Firms | Technology News

    (Corrects to fix spelling of Kanzhun in third and eighth paragraphs) BEIJING (Reuters) -China’s cyberspace watchdog said on Monday it is investigating online recruiter Zhipin.com, and truck-hailing apps Huochebang and Yunmanman, ramping up a crackdown on the mainland’s tech companies amid tightened regulations on data security. The announcement comes a day after the Cyberspace Administration of China (CAC) ordered a suspension of app downloads for Chinese ride-hailing giant Didi Global Inc, which went public in a U.S. listing last month. Full Truck Alliance, the result of a merger between Huochebang and Yunmanman, and Kanzhun Ltd, the owner of Zhipin.com, went  

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    China Orders Didi Off App Stores in an Escalating Crackdown

    China’s government ordered the country’s leading ride-hailing platform, Didi, removed from app stores for “serious” problems related to the collection and use of customer data, the latest blow by Beijing to the company, which went public on the New York Stock Exchange just this past week. In its brief late-evening announcement on Sunday, China’s internet regulator, the Cyberspace Administration of China, did not explain what problems it had found, only that its decision had been based on information that was reported to it, then tested and verified. The regulator ordered Didi to correct the problems and to “earnestly safeguard the  

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    Senate passes $250 billion tech bill aimed to boost U.S. competition with China

    The Senate on Tuesday passed one of the largest industrial bills in U.S. history in a bipartisan effort to ensure the U.S. remains competitive with China as one of the globe’s technological powerhouses. The bill, which passed the chamber 68-32, commits roughly $250 billion in funding for scientific research, subsidies for chipmakers and robot makers, and an overhaul of the National Science Foundation. The scope of the bill, the final product of at least six Senate committees and almost all members of the chamber, reflects the many fronts in the U.S.-China rivalry. It also likely represents one of the last  

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    China denounces US Senate’s $250bn move to boost tech and manufacturing | US news

    China has denounced a US Senate bill worth about $250bn (£175n) that aims to boost American technology and manufacturing prowess as an example of the US hyping up “the so-called China threat”, and accused Washington of attempting to hinder its development. The Senate on Tuesday overwhelmingly approved the Innovation and Competition Act, in a rare show of unity in a chamber often filled with political division between Democrats and Republicans. The expansive legislation, passed by 68-32 votes, combines various China-related measures into what analysts have called the biggest piece of US industrial policy legislation in decades. In a scathing statement 

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    U.S. Senate Votes to Open Debate on China Tech Bill | Technology News

    WASHINGTON (Reuters) – The U.S. Senate voted 86-11 Monday to open debate on a measure authorizing more than $110 billion for basic and advanced technology research over five years in the face of rising competitive pressure from China. The Endless Frontier Act would authorize most of the money, $100 billion, to invest in basic and advanced research, commercialization of the research, and education and training programs in key technology areas like artificial intelligence (AI). Senate Democratic Leader Chuck Schumer said the Senate will debate the bill for a week or two beginning on Tuesday. “We can either have a world  

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    It’s US vs. China in race to build chip technology of tomorrow

    President Joe Biden has proposed that the US invest $50 billion in semiconductor manufacturing and research.(Doug Mills/Getty Images) Even as the world’s leading chipmakers scramble to solve critical supply bottlenecks, a new wave of semiconductor startups has been quietly lining up massive sums of venture capital in their quest to design the next generation of chips. Startups in China and the US have been subject to a venture capital land grab from investors who believe nascent chip designs will propel a future ruled by artificial intelligence and machine learning. Global VC investment in semiconductor companies set a quarterly record  

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