Source link The e-commerce giant had previously scrapped plans to spin off its cloud business over US chip export restrictions Chinese tech stocks in Hong Kong plummeted on Friday shortly after a massive decline in Alibaba Group shares that followed the online retailer’s announcement to scrap plans to spin off its cloud business. Alibaba Group’s Hong Kong […]
Source link Washington has introduced a slew of export curbs aimed at stalling advances in China’s semiconductor industry since last year Chinese companies are continuing to buy US chip-making equipment using gaps in Washington’s export controls, Reuters reported on Tuesday, citing the US-China Economic and Security Review Commission (USCC). The US introduced curbs on its […]