China

SMIC founder says ‘optimistic’ China can catch up with U.S. in semiconductors

SHANGHAI (Reuters) – The founder of China’s largest chipmaker SMIC said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of semiconductors but that U.S. efforts to contain its technology sector could not be taken “lightly”.

Richard Chang, also the former CEO of Semiconductor Manufacturing International Corp (SMIC), told a livestream forum that persistent research and development as well as investment in new raw materials would enable China to compete, according to an official transcript on Wednesday.

The comments come as Washington and Beijing continue to spar over Huawei Technologies Co Ltd [HWT.UL], which has brought new urgency to China’s calls to improve its domestic chip industry.

“I am optimistic and believe we can catch up,” Chang said in a rare appearance at the forum, organized by China Securities.

He said that while China’s talent base was a “weakness” in the short-term,

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China will not accept U.S. ‘theft’ of TikTok: China Daily

FILE PHOTO: Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

SHANGHAI (Reuters) – China will not accept the “theft” of a Chinese technology company and is able to respond to Washington’s move to push ByteDance to sell short-video app TikTok’s U.S. operations to Microsoft, the China Daily newspaper said on Tuesday.

The United States’ “bullying” of Chinese tech companies was a consequence of Washington’s zero-sum vision of “American first” and left China no choice but “submission or mortal combat in the tech realm”, the state-backed paper said in an editorial.

China had “plenty of ways to respond if the administration carries out its planned smash and grab”, it added.

Microsoft Corp (MSFT.O) said on Monday it was in talks with ByteDance to buy parts of TikTok after U.S. President Donald Trump reversed

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White House adviser Navarro suggests Microsoft divest China holdings

FILE PHOTO: White House adviser Peter Navarro speaks to reporters outside the West Wing in Washington, U.S. July 3, 2020. REUTERS/Erin Scott

WASHINGTON (Reuters) – White House trade adviser Peter Navarro suggested on Monday that Microsoft Corp (MSFT.O) could divest its holdings in China if it were to buy the Chinese owned short-video app TikTok.

“So the question is, is Microsoft going to be compromised?” Navarro said in an interview with CNN. “Maybe Microsoft could divest its Chinese holdings?”

President Donald Trump has agreed to give China’s ByteDance 45 days to negotiate a sale of popular short-video app TikTok to Microsoft, three people familiar with the matter said on Sunday.

U.S. officials have said TikTok, under its Chinese parent, poses a national risk because of the personal data it handles. Trump said on Friday he was planning to ban TikTok in the United States after dismissing the idea

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Microsoft talks to buy TikTok’s U.S. operations spark ire in China

BEIJING/HONG KONG (Reuters) – A potential shotgun wedding to Microsoft Corp (MSFT.O) for TikTok’s U.S. operations provoked an outcry on Chinese social media as well as criticism from a prominent Chinese investor in TikTok owner ByteDance.

FILE PHOTO: China and U.S. flags are seen near a TikTok logo in this illustration picture taken July 16, 2020. REUTERS/Florence Lo/Illustration/File Photo

The U.S. tech giant formally declared its interest on Sunday after President Donald Trump, who has cited national security risks posed by the Chinese-owned short video app, reversed course on a planned ban and gave the two firms 45 days to come to a deal.

The proposed acquisition of parts of TikTok, which boasts 100 million U.S. users, would offer Microsoft a rare opportunity to become a major competitor to social media giants such as Facebook Inc (FB.O) and Snap Inc (SNAP.N).

Microsoft which owns

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