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China’s military and government acquire Nvidia chips despite US ban
The sales by largely unknown Chinese suppliers highlight the difficulties Washington faces, despite its bans, in completely cutting off China's access to advanced US chips that could fuel breakthroughs in AI and sophisticated computers for its military.....»»
Chip maker Intel beats earnings expectations as it pursues rivals
US chip giant Intel on Thursday said it made more money than expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain. Intel shares jumped more than 7 percent to $34.88 in after-market trades. "We delivered a standout third quarter, underscored by across-the-board progress on our process and product roadmaps; agreements with new foundry customers, and momentum as we bring AI everywhere," said Intel chief executive Pat Gelsinger. Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the same quarter a year earlier but ahead of forecasts. Net income tallied $300 million, compared with $1 billion profit in the same period in 2022, earnings figures showed. "Our results exceeded expectations," said Intel chief financial officer David Zinsner, who said earnings benefited from "expense discipline." Intel has been working to catch up with rivals, especially Nvidia, when it comes to powerful chips needed to handle the computing demands of artificial intelligence. Intel touted investments being made in chip production facilities with an aim of creating a "geographically balanced, secure, resilient supply chain." California-based Intel is seen as a key tool for the United States to reduce its dependence on major global producers, such as Taiwan's TSMC. Earlier this year, Intel announced it would spend $25 billion on a new plant in Israel, with Prime Minister Benjamin Netanyahu calling it the country's single largest foreign investment. The "agreement in principle" would see the semiconductor firm build the facility in the southern city of Kiryat Gat that would open by 2027 and operate at least until 2035, Israel's finance ministry said. Intel has been operating in Israel since the 1970s with development centers and a production site that employs some 12,000 people, the finance ministry said. In 2017, Intel acquired Israel-based Mobileye, which makes technology for automated driving systems in vehicles, for just over $15 billion. Gelsinger said Intel teams have kept operations going despite the war between Israel and Hamas. "Our utmost priority is the safety and welfare of our people in Israel and their families," Gelsinger said. "Despite all of these challenges, they're performing extremely well. I am praying for a swift return to peace." China Gelsinger said Intel was carefully studying updated rules in the United States that tighten curbs on exports of state-of-the-art AI chips to China. "We do believe that we'll have plenty of opportunity in China," Gelsinger said. "We are continuing to deploy our products there broadly, even as we comply and work with (the United States) around the regulations that they're putting in place." The new rules tighten measures from a year ago that banned the sale to China of microchips crucial to manufacturing powerful AI systems. Calls to further close the supply chain grew after the popularity of generative AI platform ChatGPT. When announcing the beefed-up curbs, US Commerce Secretary Gina Raimondo insisted they were intended to close loopholes and prevent China's development of AI for military use. "It's true that AI has the potential for huge societal benefit. But it also can do tremendous and profound harm if it's in the wrong hands and in the wrong militaries," she told US media. The rules will not affect chips used in consumer goods such as laptops, smartphones, and gaming consoles, though some will be subject to export licensing requirements. China has said it is "strongly dissatisfied" and "firmly opposes" the curbs. "The US continues to generalize the concept of national security, abuse export control measures, and implement unilateral bullying," the commerce ministry said in a statement. The post Chip maker Intel beats earnings expectations as it pursues rivals appeared first on Daily Tribune......»»
US auto talks at ‘critical phase’ as political pressure grows
High-wire talks between striking US workers and automotive giants are in a "critical phase," Jeep-maker Stellantis said Saturday, as politicians staked out positions on a labor issue that could have national impact. Stellantis, together with fellow "Big Three" automakers General Motors and Ford, was hit Friday by a limited strike -- but one the United Auto Workers (UAW) warns could spread. Both sides issued cautious statements Saturday. "Our bargaining team continues to work days, nights and weekends" in pursuit of a "reasonable" solution, said the statement from Stellantis, which was formed by the merger of Fiat Chrysler and the French PSA Group. But the automaker warned that if talks took a bad turn, the outcome "will take us backward and endanger the long-term competitiveness of our Company, negatively impacting our workers and our communities." There was no immediate formal response from the union, but a UAW source told AFP, "we had reasonably productive conversations with Ford today." Only about 12,700 of the UAW's 150,000 members are currently on strike. But with workers at all of the Big Three coordinating strike action for the first time -- including a demand for pay increases of 40 percent over a four-year contract -- the automakers could face a far more disruptive stoppage. Underscoring the political stakes of the moment, President Joe Biden quickly lent his support to the strikers Friday, saying he understood their "frustration." Political lines And on Saturday, former president Barack Obama lent his backing, with a reference to the 2008-09 financial crisis. "When the big three automakers were struggling to stay afloat, my administration and the American people stepped in to support them," he said on social media. "So did the auto workers in the UAW who sacrificed pay and benefits to help get the companies back on their feet. "Now that our carmakers are enjoying robust profits, it’s time to do right by those same workers." But former president Donald Trump, who hopes to face Biden in next year's US presidential election, lashed out at the UAW as over-reaching. "The auto workers will not have any jobs... because all of these cars are going to be made in China -- the electric cars, automatically, are going to be made in China," he said in an interview to be aired Sunday on NBC's "Meet the Press." In its statement, Stellantis said the UAW was misrepresenting its proposals. It said its current offer would give employees a 21 percent pay raise over the term of the contract, with 10 percent coming upon ratification. General Motors upped its offer Thursday, lifting a proposed wage increase from 18 to 20 percent, according to the UAW. But hourly workers say the auto giants must produce significantly better packages to make up for what they call meager wages and benefit cuts after the 2008 financial crisis, when both GM and Chrysler, now part of Stellantis, underwent bankruptcy reorganizations. They also want pay boosts for lower-paid temporary workers. The post US auto talks at ‘critical phase’ as political pressure grows appeared first on Daily Tribune......»»
Apple expected to bow to EU and unveil iPhone with USB-C charger
Apple is expected to unveil its new iPhone lineup on Tuesday, with its Lightning charger ports likely to be replaced on the newest models by a universal charger after a tussle with the European Union. The bloc is insisting that all phones and other small devices must be compatible with the USB-C charging cables from the end of next year, a move it says will reduce waste and save money for consumers. The firm had long argued that its cable was more secure than USB-C chargers, which are already deployed by Apple on other devices and widely used by rivals including the world's biggest smartphone maker Samsung. Apple, still the world's biggest company by market capitalization, has not revealed what it plans to announce at Tuesday's "Wonderlust" event but usually unveils new iPhones at this time of year. It comes as Apple faces declining sales of iPhones, with higher prices pushing customers to delay switching to newer models. The firm is also caught up in diplomatic turbulence between the United States and China, with reports saying the Communist government is banning civil servants from using its phones. - 'Tepid' sales - Like any other company, Apple would prefer to boast about shiny new features rather than new charging ports. But analysts agree that the switch to USB-C is going to be the main headline. Insider Intelligence principal analyst Yory Wurmser said the iPhone needed "a big cycle" after "tepid" recent sales. He said Tuesday's event would probably see new Apple Watch and AirPod models, "but it's the iPhone 15 that will really determine how the next year will look for Apple". EU policymakers said the rule would simplify the lives of Europeans and do away with a mountain of obsolete chargers. "With the common charger, we are slashing consumer costs, and it's good for the environment too," said EU internal market commissioner Thierry Breton in a statement, adding that the move would save consumers 250 million euros ($270 million) each year. Apple had long resisted the change, arguing that it would stifle innovation and make the phones less secure. "The cable change may give consumers pause, but within a generation they will get over it: they won't have a choice," said Techsponential analyst Avi Greengart. - Price bump? - Along with rolling improvements to iPhone cameras and chips, Apple is expected to raise prices on its Pro models, according to Wurmser. Sales of iPhones in the recently ended quarter lagged analyst estimates. Apple suffered a 2.4 percent drop in iPhone sales, which account for nearly half of total revenues. Apple shares were battered last week following reports of significant Chinese restrictions on iPhones at government offices and state-backed entities. "China is a very important market for Apple, so any negative sentiment by the Chinese government toward Apple is concerning," analyst Greengart told AFP. Apple reported $15.8 billion in revenues from China in the most recent quarter, nearly 20 percent of total revenues. Executives pointed to the uptick in China sales in a period when overall sales fell. Wedbush analyst Dan Ives estimated that a Chinese government ban would affect less than 500,000 iPhones of roughly 45 million projected to be sold in the country in the next year. "We believe despite the loud noise Apple has seen massive share gains in China smartphone market," Ives said. gc/arp/jxb/lth © Agence France-Presse The post Apple expected to bow to EU and unveil iPhone with USB-C charger appeared first on Daily Tribune......»»
A Chinaman’s chance
(Lest anyone take quick offense, let me say at the outset that I am not a racist. My use of the term is simply for purposes of this column and for context.) Before people became overly sensitive about perceived racist remarks, we used to say — when someone had only a remote chance of succeeding at something — “he doesn’t have a Chinaman’s chance.” I was reminded of that phrase recently when Huawei, one of China’s biggest phone companies, released two weeks ago the Mate 60 Pro, its latest flagship phone, without much fanfare. And never had such a quiet launch made so much noise around the globe. For a bit of context, during the Trump administration, an oppressive trade sanction was put in place by the United States against the selling of advanced microprocessors to Chinese companies, in order to prevent the Chinese from catching up with the US in 5G technology. Not only was the ban imposed on American manufacturers, but pressure was also brought to bear on chip makers in other countries allied with the US. The first to dutifully comply was Korean electronics giant Samsung, which must have regretted its decision, seeing as how it lost 60 percent of its sales almost overnight. For a while, Huawei was in a panic, as it halted the production of 5G phones when stockpiles of the banned chips ran out; for a while, it was reduced to selling mobile phones with obsolescent technology. But the Americans and their cronies did not count on the resilience of the Chinese people, a relentlessness that has helped its civilization survive after more than 2,000 years of foreign intervention. Forced to do without imported chips, Huawei focused all its efforts on developing a substitute. In a couple of years, its team of hundreds of technology experts, mathematicians, engineers, and metallurgists did the seemingly impossible: They created a 5G chip without any help from anyone. One could, therefore, not fault Huawei for releasing its 5G phone at the very same time that US Commerce Secretary Gina Raimondo was in Beijing on an official visit — as if to say, “In your face, America!” This Chinese triumph is but one of many instances where US attempts to undermine Chinese trade backfired big time on America. In 2011, China was banned by the US Congress from joining the Space Station program of NASA. China promptly built its own space station, the Tiangong, 10 years later. Sometime after, when America was developing the Global Positioning System, it also shut out China, which then launched its own satellites to power its own positioning system. The West also demonized China for being the “world’s biggest carbon polluter,” so its factories started working on lithium-ion batteries (90 percent of whose raw materials are mined in China) and now it dominates the electric car market worldwide. Using the status of the dollar as a world currency, the West imposed other trade sanctions on China, thus impelling it to put up its own version of the World Bank and organizing the BRICS countries that will no longer use the dollar as a medium of exchange. A total of 721 big Chinese companies were blacklisted from trading with US corporations; the Chinese started trading with most of the emerging economies and became the second largest economy in the world. It would appear that it still hasn’t sunk in with the American leaders that their days of global hegemony are long over. There is a new challenger on the scene whose government is more committed to making it stronger economically, militarily, and diplomatically. As the new generation of Americans struggles with questions of pronouns, transitioning, decriminalizing robbery and drug use, and legalizing abortion, the young people of China are concentrating on mastering math and technology, becoming part of a disciplined army, building their GDP, and making their society orderly and crime-free. If this keeps up, it will be America that will, ironically, not have a Chinaman’s chance to prevail. The post A Chinaman’s chance appeared first on Daily Tribune......»»
Tesla, Chinese EV brands jostle for limelight at German fair
One of the world's biggest auto shows opens in Munich on Monday, with Tesla ending a 10-year absence to jostle for the spotlight with Chinese rivals as the race for electric dominance heats up. Chancellor Olaf Scholz will officially inaugurate the IAA mobility show, held in Germany every two years, on Tuesday. But Monday's press preview will already give carmakers a chance to show off some of the new models that will be hitting the road soon. The industry-wide shift towards electric vehicles will be front and center at this week's fair, with Chinese carmakers out in force as they eye the European market. US electric car pioneer Tesla, owned by Elon Musk, will return to the IAA for the first time since 2013 and is expected to unveil a revamped version of its mass-market Model 3. That Tesla, usually a holdout at such events, is coming to Munich shows it is taking the growing competition seriously, said Jan Burgard from the Berylls automotive consulting group. "The electric car market with its many new players will be divvied up over the next few years and people want to know: who is offering what?" Burgard told the Handelsblatt financial daily. Having captured an increasingly large part of the prized Chinese market, Chinese upstarts are now hoping to win over European customers with cheaper electric cars. Chinese manufacturers are starting "their assault on Europe with the IAA", said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. Muted European presence Chinese groups benefit from lower production costs, allowing them to offer cut-throat prices at a time when entry-level EVs are still a rarity, said industry expert Eric Kirstetter from the Roland Berger consulting firm. "The only thing they don't have is brand credibility," Kirstetter said. "They will create their brand universe by stepping up their marketing investments more than others, including through trade fairs," he added. In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor. Contrary to the Asian onslaught, participation from European carmakers at the IAA will be muted. Germany's homegrown champions Volkswagen, BMW and Mercedes-Benz will be joined by Renault from France, but the 14-brand Stellantis Group will only be represented by Opel. BMW presented its "Neue Klasse" (New Class) generation of electric cars in Munich on Saturday, a series of six vehicles that will be manufactured from 2025. BMW and fellow European carmakers are investing heavily in the switch towards zero-emission driving as the European Union aims to end the sale of polluting engines by 2035. The historic transition however comes at a challenging time. While the supply chain problems caused by the pandemic years have eased, surging energy prices in the wake of Russia's war in Ukraine and a weaker global economy are weighing on European manufacturers. Although car sales in the European Union have steadily improved over the last 12 months, they remain around 20 percent below their pre-coronavirus levels as inflation and higher interest rates dampen appetites for new vehicles. Some 700,000 visitors are expected to attend this week's IAA. Climate groups have vowed to stage protests during the fair, including acts of "civil disobedience" aimed at disrupting the IAA. The post Tesla, Chinese EV brands jostle for limelight at German fair appeared first on Daily Tribune......»»
Semiconductor industry having a renaissance — player
Even if unharmed by the onslaught of the Covid-19 pandemic three years ago, the semiconductor industry is fast regaining momentum, and even experiencing a renaissance as proven by a top executive of CIRTEK Electronics Corporation, an independent complete solution provider for subcontract manufacturing of semiconductor devices. In his guest appearance on the DAILY TRIBUNE’s digital show Business Sense, Brian Liu, managing director and CEO of Cirtek Electronics Corp., said the company’s full-year 2022 performance has breached its all-time high performance in 2019. “We reached an all-time high prior to the pandemic in 2019. But because of the effects of Covid-19, world economies closed. Supply chain problems occurred. So, we took a bit of a slowdown during that time frame; 2020 to 2021 was a bit of a slowdown for us,” he said. Renaissance “We do believe that the semiconductor industry is in a renaissance right now where a lot of the supply pool is shifting away from Greater Asia and making its way to Southeast Asia so this should serve as a good tailwind for the semiconductor industry,” he added. According to tradingeconomics.com, semiconductor exports from the Philippines climbed 0.8 percent year-on-year to a seven-month high of $6.70 billion in June 2023, following an upwardly revised 2.4 percent gain in the prior month. Sales grew for electronic products (12.0 percent), other manufactured goods (2.8 percent), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (14.6 percent), machinery and transport equipment (11.2 percent), and cathodes and sections of cathodes of refined copper (38.5 percent). By destination, sales increased to China (15.0 percent), Hong Kong (15.9 percent), the US (6.9 percent), the Netherlands (59.4 percent), South Korea (4.4 percent), Malaysia (3.1 percent), and the European Union (23.0 percent). Benefiting from WFH Further, he said the work-from-home arrangements during the pandemic have even generated pent-up demand for chips that they manufacture. “So basically, it is a mix, we keep our portfolio as diversified as possible. But back in the height of the pandemic, radiofrequency and communication chip sets comprised a large volume of our production because of the demand for work-from-home hybrid spaces. This prompted a lot of demand for higher bandwidth and connectivity,” he said. “Some of these chipsets go to the laptops that we work on so as you know demand for laptops also surged during work-from-home setups, and right now we’re seeing an industrial revolution where a lot of traditionally mechanical devices are being electrified,” he added. AI’s help As contentions about artificial intelligence or AI grow in various parts of the world, Liu said AI is beneficial to his industry in terms of improving their production. “Now we are seeing a new need for a new sub-segment such as artificial intelligence to power new automation and new devices through this automated way of machines learning and doing things on their own. This has created new device families as well, especially in the processing space and the hybrid system and packages. We are talking about multi-function chip sets being consolidated into one system. Hence a new product family is being derived,” he explained. Liu maintained that the semiconductor industry will remain a very crucial part of everybody’s lives, seeing that semiconductors comprise the very impetus of technology itself. “So, any gadget, any device, or any equipment would not be able to function without the aid of semiconductors, and because of the continuous evolution of technology and new innovations being created, this catalyzes new semiconductor device families to be continuously created, and that’s why I do believe that semiconductors play a crucial role as the building block of technology itself,” according to Liu. The Cirtek Group harnesses more than 29 years of expertise in the assembly and testing segment of the semiconductor industry and has been accredited and certified by several international quality institutions for the latest quality system standards. Beginning with just three customers in 1984, the company through its subsidiaries has significantly grown its customer base to 42 at present. “We are an independent Filipino semiconductor company, located at the Heart of Laguna Techno Park. Basically, we maintain a very highly diversified portfolio, so we do semiconductors for RF and communications, industrials, aerospace, consumer, system, and packages, and automotive as well,” Liu stated. The post Semiconductor industry having a renaissance — player appeared first on Daily Tribune......»»
Chinese carmakers confront European industry at Munich show
Chinese manufacturers will be out in force at next week's IAA auto show, one of the industry's biggest, revving their new electric models on the turf of German carmakers, which have been lagging in the e-mobility race. Elon Musk's Tesla, usually a hold-out from such events, will also make an appearance at the show in Munich, joining the jostle to steal the spotlight from Europe's biggest brands. The industry fair, which opens Tuesday with a speech from Chancellor Olaf Scholz, comes with clouds gathering for the automotive sector in Europe and in particular, Germany. While suffocating supply chain problems have eased from the pandemic years, European auto giants are struggling to cope with increased energy costs in the wake of the Russian invasion of Ukraine last year. Although sales in the European Union have steadily improved over the last 12 months, they remain around 20 percent below their pre-coronavirus levels as inflation and higher interest rates dampen appetite for new vehicles. At the same time, European manufacturers are facing increasingly stiff competition from Chinese carmakers which are touting their vehicles at far lower prices. Local upstarts have captured an increasingly large part of the prized Chinese market and are threatening to dominate the growing trade in electric vehicles. Chinese groups were starting "their assault on Europe with the IAA", said industry analyst Ferdinand Dudenhoeffer from the Center Automotive Research in Germany. "The IAA 2023 maps out a new automobile world in Europe. Competition will be tougher. After the Chinese battery factories, their automobile makers are coming," he said, calling it a "turning point" for the industry. In all, 41 percent of exhibitors at the industry fair have their headquarters in China, including brands such as BYD and Leapmotor which will hope to steal the spotlight from German giants Volkswagen, BMW, and Mercedes-Benz. Contrary to the Asian onslaught, participation from other European makers is muted. Opel will be US-European conglomerate Stellantis's lone ambassador in Munich, while Renault is showcasing only its eponymous marque at the show. In contrast, Musk's Tesla was slowly falling in line with traditional manufacturers as "the brand that doesn't do marketing begins to do exactly that" with its first appearance at the IAA, said independent analyst Matthias Schmidt. - Petrol protest - Over the week, around 700,000 visitors are expected to attend the show, split between exhibition halls and the city center. The move away from combustion engines to electric vehicles -- and the bigger climate question -- will take center stage inside and outside the exhibition halls. As carmakers roll out their latest offerings, climate groups have vowed protests at the fair, including "civil disobedience" aimed at disrupting the IAA. The last edition of the show in 2021 was already troubled by small-scale protests. This time around, some 1,500 people are expected at a camp in a suburban Munich park promoting a "revolution in mobility". Car manufacturers were "destroying the lives of countless people worldwide with their growth imperative", one of the climate groups said ahead of the fair. Automotive groups have not helped their case recently by recording massive profits on the back of strong inflation. Manufacturers -- particularly those at the high end of the market -- have been able to benefit from rising prices to boost their margins. A growing climate consciousness movement is increasingly pitting environmental activists against carmakers. Mindful of society's changing views on automobiles, the IAA upped sticks from Frankfurt to Munich in 2021 and restyled itself as a festival for all forms of "mobility" -- bringing bikes and scooters into the fold. As well as cleaning up its image, the move was an attempt to reinvigorate traditional motor shows. The marquee events have struggled to attract manufacturers, who are doubtful that they create enough publicity to be worth the bother. In 2022, the Paris Motor Show saw visitor numbers dwindle, as it was cut in length from two weeks to one. Many big European names, such as Volkswagen, BMW, and Ferrari were absent from the French fair, to which Chinese carmakers like BYD by contrast turned up. The post Chinese carmakers confront European industry at Munich show appeared first on Daily Tribune......»»
China’s Huawei renews patent licensing deal with Ericsson
Chinese telecoms giant Huawei said Friday it had renewed a licensing agreement with Ericsson to use each other's technologies, in a rebuff to US warnings about the risk of espionage by Beijing. Huawei has been at the center of an intense technological rivalry between China and the United States, which suspects the company of spying for Beijing -- accusations Huawei denies. US sanctions on Huawei since 2019 have cut off the firm from global supply chains for American components and hobbled its smartphone arm, forcing it to pivot towards other forms of growth. Washington has also pressured its allies to ban the use of Huawei gear in their 5G telecoms networks, arguing that Beijing could use the equipment to spy on other countries' communications and data traffic. Despite those tensions, Huawei and Ericsson -- based in Stockholm -- have signed a "long-term" global agreement to license each other's patents, the Chinese company said in a statement Friday. The deal covers patents essential to 3G, 4G, and 5G cellular technologies as well as both companies' "respective sales of network infrastructure and consumer devices", Huawei said. The company's intellectual property chief, Alan Fan, said the agreement "demonstrates the commitment both parties have forged that intellectual property should be properly respected and protected". "Our commitment to sharing leading technological innovations will drive healthy, sustainable industry development and provide consumers with more robust products and services," he said. The previous agreement between Huawei and Ericsson was signed in 2016. Back then, Huawei was an insurgent force in the global technology sector with an eye on dethroning Apple and Samsung as the world's top sellers of smartphones. It briefly grabbed that title in 2020 but US sanctions have since clipped its wings and forced Huawei into a strategic refocus on software, connected devices, business computing, smart vehicles, and other sectors. Despite being sidelined from American technologies, Huawei could begin producing its own chips for 5G phones this year, according to media reports about which the company has refused to comment. The post China’s Huawei renews patent licensing deal with Ericsson appeared first on Daily Tribune......»»
China imposes export curbs on critical metals, drones
Chinese controls on exports of two metals critical to making semiconductors came into force on Tuesday, a day after Beijing imposed curbs on the foreign sales of some drones. The Biden administration has in recent months stepped up measures to restrict Chinese companies' access to the most advanced semiconductors. China, which seeks to become self-sufficient in semiconductor design, says those measures are aimed at maintaining US supremacy in the field. From Tuesday, Chinese companies seeking to export gallium or germanium will need to obtain a license, according to a directive from the Ministry of Commerce. Under the new rules, they will also need to provide information on the final recipient and give details about their end use. China accounts for 94 percent of the world's production of gallium -- used in integrated circuits, LEDs and photovoltaic panels -- according to a report by the European Union published this year. For germanium, essential for fiber optics and infrared, China makes up 83 percent of production. The export curbs "send a clear signal that China holds all of the power in this dangerous game", analyst James Kennedy told AFP, calling the curbs "an unambiguous message" to the United States. "If the US chooses further escalation, China's next response will have consequences." For now, he said, China "aims to cause a minimum of damage" to the United States, because their needs in gallium and germanium are "low" and the metals can be acquired elsewhere. The measures come as the Biden administration mulls fresh curbs on Chinese access to high-tech chips, as well as on outbound US investments in China. Drone export ban They also follow curbs by Beijing on the exports of certain types of unmanned aerial vehicles, also known as drones. As of September 1, exporters will require a license laying out their end use as well as other details before they can be sold overseas. A China commerce ministry spokesperson said the move was not aimed at "any specific country or territory". But they did cite the risk of drones "being converted for military use" in justifying the restrictions. China is a major exporter of drones, with the US-blacklisted DJI representing more than 70 percent of global market share, according to CNBC. The company's drones are reported to have been used extensively by both sides in the war in Ukraine. In April 2022, DJI said it was temporarily suspending business in both Russia and Ukraine while it "internally reassess(ed) compliance requirements". The United States has accused China of mulling arms shipments to support Russia's campaign -- claims Beijing has strongly denied. A US intelligence report last week said Beijing likely supplied Moscow with dual-use civilian-military equipment employed in Ukraine, but noted that it is "difficult to ascertain the extent to which (China) has helped Russia evade and circumvent sanctions and export controls". The post China imposes export curbs on critical metals, drones appeared first on Daily Tribune......»»
Volkswagen takes stake in Chinese electric carmaker
German auto giant Volkswagen said Wednesday it would take a minority stake in Chinese electric vehicle manufacturer XPeng, as it looks to make up for lost ground in the key market. Volkswagen said it would invest $700 million (632 million euros) in the Chinese auto brand, acquiring a stake of just under five percent in the Chinese brand. Together, the two companies would develop two mid-sized VW-branded electric models to be rolled out on the Chinese market "in 2026", Volkswagen said. Volkswagen also said its premium Audi brand had signed a memorandum with the group's existing Chinese partner SAIC to expand their cooperation and work on new high-end electric vehicles. The local tie-ups were an "important building block" in German group's plans to produce vehicles in China for the Chinese market, VW's regional chief Ralf Brandstaetter said in a statement. China is Volkswagen's most important market, accounting for around 40 percent of the group's overall sales. But Volkswagen has fallen behind domestic competitors in China, losing its title as the best selling auto brand to BYD -- while it has fallen even further behind in the growing electric car market. With the deal, Volkswagen was "accelerating the expansion of our local electric portfolio", Brandstaetter said. CEO Oliver Blume has identified the Chinese market, along with North America, as key to growth for the Volkswagen. The German group was determined to remain "the most successful international car manufacturer in China", where it currently has a 14-15 percent market share, Blume said in June. The post Volkswagen takes stake in Chinese electric carmaker appeared first on Daily Tribune......»»
JAPI gets intensive after-sales training
Jetour Auto Philippines, Inc., the solitary distributor of Jetour vehicles and services in the Philippines, has underscored its commitment to providing a robust and rewarding after-sales experience to its customers. This commitment transcends the mere act of car ownership, delving into comprehensive aftersales service that ensures lasting satisfaction for Jetour customers. JAPI recognizes the significant role after-sales service plays in the ownership experience, which has prompted the company to invest heavily in specialized training for its after-sales management team. This team is tasked with the critical duty of disseminating technical processes and service standards across the brand's extensive network of 16 dealerships spread across the Philippines. Over a course of seven intensive days, from 31 May to 8 June 2023, a handpicked team of JAPI technical delegates, led by After-sales director Eryx Guiang, embarked on a journey of knowledge and skill enhancement at Jetour's head office in Wuhu, China. The main agenda of this trip was to undertake in-depth technical training and engage in brand education activities. The training program, hosted by Jetour International, revolved around key technical aspects integral to Jetour's model lineup in the Philippines. This included systems as varied as air conditioning and transmission, engine and electronic management, along with specialized training in Battery Electric Vehicle technologies used in the Ice Cream EV. However, the training was not solely technical. The team also had the opportunity to familiarize themselves with the parts ordering and inventory systems that Jetour employs globally. A walkthrough of dealership and training center operations provided the delegates with a hands-on understanding of standards they are set to implement in all Jetour dealerships and service centers back home. The post JAPI gets intensive after-sales training appeared first on Daily Tribune......»»
Dad’s Day treats
Escape at The Pen [caption id="attachment_144658" align="aligncenter" width="525"] Photograph courtesy of the peninsuLa manilaTRIUMPH motorcycle[/caption] The Peninsula Manila offers dads a weekend staycation while indulging in Escolta’s Sunday brunch buffet. Make sure he also gets to experience Salon de Ning’s one-afternoon-only pop-up Pen Ultimate Father’s Day Dream Lounge, where he’ll enjoy complimentary cocktails and pica-pica and snazzy grooming services. The Dream Lounge will offer complimentary male grooming services from Back Alley Barbershop; a display of Triumph motorcycles and automobiles from Rolls-Royce, Lotus and Mini Cooper; For Him skincare by VMV Hypoallergenics whose expert technicians will provide complimentary hand treatments; funky and functional ceramic art from Pottery Sessions, custom-made menswear crafted in Singapore by Common Suits; pens and inks for fountain pen aficionados by Manila Pen; bespoke spectacles by R.E.M. Rapid Eye Movement Manila; rare timepieces from Vintage Grail, collectible vinyls and DJ music; artisanal chocolates from Auro Chocolate; and small bites and innovative cocktails. E-mail ReservationPMN@peninsula.com. Toast to Dad Conrad Manila has an exclusive Father’s Day promo. Brasserie on 3, the hotel’s signature restaurant, presents “Feast to Fatherhood” on 17 to 18 June, with P3,500 nett lunch and dinner buffet. As a special treat, dads dine for free with every four paying adults. China Blue by Jereme Leung has the “Father’s Day Feast Set Menu” from 16 to 18 June, priced at P49,880 nett for 10 persons. At C Lounge, it’s time for “Dad’s Night Out” until 18 June. Starting at 5 p.m., this extraordinary experience is priced at P2,288++ and includes a three-glass whiskey flight, one cigar and five truffle chocolate balls. Bru, Conrad Manila’s beloved café, invites guests to “Treats for Tatay” throughout the month of June. With a minimum purchase of P1,000, dads receive a complimentary Father’s Day mini cake. Conrad Spa offers the ultimate rejuvenation experience for dads with the exclusive “Father’s Day Rejuvenation” package. Visit www.conradmanila.com or call 8833 9999. Day delights [caption id="attachment_144645" align="aligncenter" width="525"] Photograph courtesy of city of dreamsCrystal Dragon’s Chilled Spicy Marinated 25 Heads Chilean Abalone with squids, shrimps, and clams.[/caption] City of Dreams Manila’s Crystal Dragon presents an exclusive Father’s Day menu until 18 June. Choices include Chilled Spicy Marinated 25 Heads Chilean Abalone with squids, shrimps and clams; Double-boiled Sea Treasure Soup with maca, fish maw, conpoy and pork stomach; Roasted Farm Duck with black truffle sauce; Sauteed Australian Asparagus with shrimps and morel mushrooms; and Braised Fujian Fragrant Rice with assorted seafood and eryngii mushroom. Nobu Sunday Brunch features a lavish spread of new-style Japanese cuisine popularized by world renowned chef Nobu Matsuhisa at P4,388. Restaurants at The Shops at the Boulevard are not to be missed. Jing Ting, specializing in Northern Chinese cuisine including fresh hand-pulled noodle dishes, and Red Ginger, which offers authentic Southeast Asian dishes, are both offering menu exclusives for the month of June. Rossi Pizza, Hidemasa, TungLok Signatures, Mango Tree, J. Park Garden, Modern Table and the newly opened Wolfgang’s Steakhouse and Grill are equally worth a visit. Call 8800-8080 or e-mail guestservices@cod-manila.com or visit www.cityofdreams manila.com. Drink of choice [caption id="attachment_144657" align="aligncenter" width="525"] Photograph courtesyof new world makati‘SHAKEN Not Stirred’ gin.[/caption] New World Makati Hotel’s “A Toast to Dad” room package includes breakfast and dad’s cocktails of choice, a hearty buffet feast at Café 1228, all-you-can-eat dim sum at Jasmine, as well as decadent cakes and sweets at The Shop. Whether dad’s drink of choice is a whisky, gin or rum-based concoction, the “A Toast to Dad” room package starting at P8,500++ comes with two creative cocktails from Bar Rouge as well as a complimentary bowl of chips and dip. Room package also includes an overnight stay in a Deluxe or Residence Club Deluxe room with breakfast for two. Book online via bit.ly/NWMFathers DayStay. Superb treats With three delectable combos to choose from, Pizza Hut has Superb Treat for six to nine persons at a P1,899. For a more intimate Father’s Day celebration, there’s the Superb Treat for four, at P1,199. If your dad is the biggest pizza lover that you know, then you’ll never go wrong with the Superb Triple Pizza Treat at P1,199. If you order Pizza Hut ahead of time for your Father’s Day celebration, you’ll get six pieces of WingStreet Buffalo wings for free. Call 8911-1111 hotline or visit www.pizzahut.com.ph. Happy Papi Gringo’s Chicken and Ribs rolls out its Father’s Day special with Papi’s Paboritos. Papi’s Paboritos has all-time Gringo like the Cuban Beef Lechon. Gringo’s Cerveza Wings even makes a comeback in this one, fried chicken wings fried to crisp perfection and flavored with the malty goodness of beer. Pair it with starters like the Caesar Salad and the meaty Angus Bolognese Linguine. Cap the meal with its new Classic Tres Leches, a light and soft sponge cake soaked with three kinds of milk. This limited offering is only P2,198 and is available in all Gringo branches. Visit gringo.ph. Ebi awesome [caption id="attachment_144660" align="aligncenter" width="525"] Photograph courtesy of tokyo bubble teaBIBIMBAP[/caption] For the entire month of June, Tokyo Bubble Tea offers Ebi Tempura Meal Sets featuring three pieces of Tokyo Bubble Tea’s Ebi Tempura, two Tokyo Big Plates and two large drinks. Specially made set meals for those in Cagayan de Oro are also available. Metro Manila branches are located in Banawe, Greenhills, SM Megamall, and Bonifacio Global City. Each set is P899.Tokyo Bubble Tea branches in Cagayan de Oro are located at Centrio Mall and SM CDO Downtown Premier. Each set is only P650. Visit www.tokyobubbletea.com, Grab Food, and FoodPanda. The post Dad’s Day treats appeared first on Daily Tribune......»»
Ex-Samsung exec charged with stealing secrets for China factory
A former Samsung executive has been charged with stealing company secrets for a copycat computer chip factory in China, and is being held in detention pending trial, prosecutors told AFP on Tuesday. The 65-year-old man, who has not been identified, allegedly stole Samsung trade secrets in a bid to set up a chip factory in the Chinese city of Xian -- near where Samsung has a plant -- the Suwon District Prosecutors' Office said in a separate statement. The material he stole was classified as "national core technology" -- innovations designated by South Korean law as potentially having a major negative impact on national security and the economy if disclosed overseas. "He's currently detained at the Suwon Detention Center," the spokesperson of the Suwon District Prosecutors' Office told AFP, adding the suspect had been held for some time but only formally charged on Monday. Securing supplies of advanced chips has become a crucial issue internationally, with the United States and China locked in a fierce battle for control of the market. Samsung is one of the world's largest makers of memory chips and smartphones, and its overall turnover is equivalent to about one-fifth of South Korea's gross domestic product. The Samsung factory blueprints and clean-room designs from 2018 and 2019 that the man allegedly tried to steal would have been worth at least 300 billion won ($236 million) to Samsung, authorities said. "It is a serious crime that can have a tremendous negative impact on our economic security by shaking the foundation of the domestic semiconductor industry at a time when competition for chip production is intensifying day by day," added the prosecutors' statement, released on Monday. "The semiconductor industry accounted for 16.5 percent of South Korea's total exports as of 2022... and is a national security asset," it added. Prosecutors charged six other people who worked for the detained executive and are believed to have been involved in the theft. The man had worked for a combined 28 years at South Korea's leading chipmakers, and is a "top expert in semiconductor manufacturing" in the country, prosecutors said. The post Ex-Samsung exec charged with stealing secrets for China factory appeared first on Daily Tribune......»»
China says US chipmaker Micron failed security review
China's cybersecurity watchdog said Sunday that US chipmaker Micron had failed a national security probe and told "operators of critical information infrastructure" to stop purchasing its products. The probe was the latest escalation in the ongoing chip war between the United States and China, with Washington looking to cut off Beijing's access to the most advanced semiconductors. It also came as China tightened the enforcement of its national security and anti-espionage laws. Micron's products "have relatively serious potential network security issues, which pose a major security risk to China's critical information infrastructure supply chain and affect China's national security", the cybersecurity administration said in a statement. "Operators of critical information infrastructure in China should stop purchasing Micron products." Beijing launched a cybersecurity review in March of products sold in the country by Micron, one of the world's major chip manufacturers. The chip war between Beijing and Washington escalated last year when the United States imposed restrictions on China's access to high-end chips, chipmaking equipment, and software used to design semiconductors. Washington cited national security concerns and said it wanted to prevent "sensitive technologies with military applications" from being acquired by China's armed forces and intelligence services. The United States imposed targeted controls on the ability of domestic industry leaders to sell their products overseas. It has also sought to persuade key allies to follow suit. The Netherlands and Japan -- both leading manufacturers of specialized semiconductor technology equipment -- have recently announced new restrictions on exporting certain products, but without naming China. Beijing has slammed the moves as "US bullying tactics" and accused Washington of "technological terrorism", vowing that such controls will only strengthen its resolve to achieve self-reliance in the sector. The development of a robust domestic semiconductor industry has been a longstanding goal of the Chinese government, which has invested billions of dollars in domestic chip firms. Chips are the lifeblood of the modern global economy, powering everything from cars to smartphones, and they are forecast to become a $1 trillion industry globally by 2030. Nowhere is their essential nature more visible than in China, the world's second-largest economy, which relies on a steady supply of foreign chips for its huge electronics manufacturing base. In 2021, China imported semiconductors worth $430 billion -- more than it spent on oil. The post China says US chipmaker Micron failed security review appeared first on Daily Tribune......»»
Battery-powered planes soaring soon?
SHANGHAI (AFP) — China’s CATL said Wednesday it was working with partners to develop electric passenger planes as they unveiled a condensed matter battery it said was strong enough to power such an aircraft. The world’s biggest maker of batteries for electrical vehicles made the announcement at the Shanghai Auto Show and said it would also launch a version for cars that would go into mass production this year. “The launch of this cutting-edge technology breaks the limits that have long restricted the development of the battery sector and will open up a new scenario of electrification centering on a high level of safety and lightweight,” the company said in a news release. CATL did not specify its airline partners were but said it was practicing aviation-level standards and testing in accordance with industry requirements. “We believe that condensed batteries will have a positive and far-reaching impact on achieving carbon neutrality,” CATL’s chief scientist Wu Kai told a media conference. The company announced on Tuesday that its core operations would be carbon neutral by 2025, with the rest following in 2035. Its Yibin factory in the southwestern province of Sichuan was certified as the world’s first zero-carbon battery factory last year. “We think carbon neutrality is a good thing for the whole of human society,” a CATL specialist told AFP. The specialist said he thought other Chinese companies would soon follow suit and that China itself has pledged to reach peak carbon emissions by 2030 and carbon neutrality by 2060. China is by far the largest emitter, responsible for roughly a quarter of all current carbon pollution. The post Battery-powered planes soaring soon? appeared first on Daily Tribune......»»
BMW’s Mini apologizes over Shanghai Auto Show’s ice cream ‘discrimination’
Car brand Mini apologized Thursday over accusations of discrimination at the Shanghai Auto Show after a video apparently showed staff at its booth handing free ice cream to a foreigner after refusing it to a Chinese visitor. A video compilation posted on the social media platform Weibo appears to show workers telling the Chinese visitor they were out of the desert. Mini posted an apology over the incident, saying "careless management and staff negligence caused unpleasantness for everyone", and pledged to improve training. The topic "BMW Mini says sorry" had garnered more than 3.4 million views on Weibo by Thursday afternoon. China is the world's largest car market and Mini's owner, German auto giant BMW, has been at pains to emphasize the importance of Chinese customers at the show. The Shanghai event is the first time most international industry executives have been back in China since the Covid-19 pandemic. With domestic brands streets ahead in the crucial electric vehicle sector, BMW has pushed the message that "China is the place to be". "Munich is where we come from, but China is where we are at home," executive Frank Weber told a news conference Tuesday. Almost 70 percent of BMW's latest operating system contains functions specific to the Chinese market and the company has tripled its research and development there in the past three years, BMW said. But the ice cream debacle has sparked online outrage against BMW and reportedly provoked conflicts offline, too. A video posted to Weibo showed someone placing a bag full of ice creams by a booth at the show shouting: "Free for Chinese people!" In another incident, a woman live-streamed a confrontation between herself and security guards -- said to have taken place at the Mini booth -- with streaming comments that claimed "BMW is hitting people!" AFP has contacted Mini for comment. "BMW executives never expected an ice cream to cause such a big disturbance," one internet user wrote. The post BMW’s Mini apologizes over Shanghai Auto Show’s ice cream ‘discrimination’ appeared first on Daily Tribune......»»
PH eyes modest $31-M export deals at China expo participation
The Philippine delegation is targeting to attract over 1,300 buyers and generate a modest $31 million worth export deals at the upcoming China International Import Expo (CIIE), significantly lower than the $300 million the Philippines realized during last year’s China International Import Exposition (CIIE). Trade and Industry Secretary Ramon M. Lopez said the apparently lower sales target this year may mean on the spot deals only and may not include post CIIE sales attributed to said expo. “Factoring also that this year is Pandemic year. This is a hybrid show this year, where the goods are displayed but negotiations are done via the online B2B facility. The target is also based on the reduced pavilion size this year, as well as the projected decrease in the number of buyers attending CIIE this year,” said Lopez. Philippine mango and pili nuts are among the products that will be showcased under the FOODPhilippines Pavilion. Already, DTI’s Export Marketing Board and the Center for International Trade Expositions and Missions (CITEM) facilitated initial talks with the Philippine delegation and 40 Chinese buyers in a video conferencing. These Chinese buyers are importers, distributors, and retailers. During last year’s CIIE, Philippine exhibitors booked around $300 million in sales at the second CIIE, more than double the $124 million recorded sales in 2018. This year’s third CIIE will be held on Nov. 5-10 in Shanghai. In the B2B session, Chinese buyers expressed interest in working together with Philippine companies that produce fresh fruits and vegetables, chocolates, healthy snacks, seafood, beverages, and condiments. For this hybrid participation, there will be a mix of physical product presentation in the pavilion that will be facilitated by onsite officers from the DTI trade posts in China and online B2B matching activities between our companies in Manila and the Chinese buyers who will visit the Philippine booth in Shanghai, according to CITEM Executive Director Pauline Suaco-Juan. With the theme “Healthy and Natural,” 40 Philippine companies will exhibit and sample the country’s wide range of tropical fruits and vegetables, processed fruits and nuts, healthy snacks, seafood and marine products, and other premium food selections. The FOODPhilippines pavilion will feature interactive conference pods for the first time in CIIE to enable virtual business-to-business (B2B) activities and video conferencing. In place of actual Philippine exhibitors manning the booths, Philippine Commercial Counsellors will represent the government and exhibitors, promote exhibitor brands and products onsite, and relay all business leads and contacts generated during the show. The participation in CIIE is organized in partnership with the Foreign Trade Services Corps (FTSC) through the Philippine Trade & Investment Centers (PTICs) in Beijing, Shanghai, Guangzhou, and Hong Kong, and the Export Marketing Bureau (EMB). Government partners are the Department of Agriculture (DA) through the Office of the Agricultural Counsellor in Beijing (DA-OAC-Beijing) and the Department of Foreign Affairs (DFA). The Philippine mango and pili nuts are among the products that will be showcased under the FOODPhilippines Pavilion.project is likewise supported by business associations such as the Philippine Exporters Confederation, Inc. (PHILEXPORT) and the Federation of Filipino-Chinese Chambers of Commerce & Industry, Inc. (FFCCCII). Leading the FOODPhilippines’ opening in CIIE are representatives from the Philippines and China, namely the Philippine Ambassador to China Jose Santiago Sta. Romana, Philippines’ DTI Secretary Ramon M. Lopez, FFCCCII President Dr. Henry Lim Bon Liong, and Deputy Director General Yang Weiqun from the Department of Asian Affairs of China’s Ministry of Commerce (MOFCOM). Under the FOODPhilippines delegation, 40 companies that will highlight tropical fruits and vegetables will be Hilas Marketing Corporation, Agrinurture, Inc., Mancoco Food Processing, Inc., Excellent Quality Goods Supply Company, Castillo Import Export Ventures Inc., Doxo International Trading, Magsasakang Progresibo Marketing Cooperative, See’s International Food Mfg, Corp., Century Pacific Agricultural Ventures, Inc., Team Asia Corporation, Eau de Coco, Inc., Eng Seng Food Products, Greenlife Coconut Products Philippines, Inc., Tongsan Industrial Development Corporation, Islandfun Inc., Limketkai Manufacturing Corporation (LMC), KLT Fruits, Inc., Zigmund Enterprise, Business Innovations Gateway, Inc., Sangkutsa Food Products, Inc., AG Grays Farm, Marigold Manufacturing Corporation, and the Federation of People’s Sustainable Development Cooperative. To show its goodwill to the Chinese market, the Philippine delegation will donate healthy products to Food Bank China as part of the launch of the Shanghai Food Bank Project with Liwayway China on November 5. The donation will include 200 packs of banana chips from Excellent Quality Goods Supply Company, 50 tuna packs of premium handline tuna from Century Pacific Food Inc., and bundles of virgin coconut oil (VCO) and various coconut products from Team Asia Corporation. The food donation to the Food Bank China serves as a way of giving back and a token of appreciation to the Chinese community for its continued support towards the Filipino representatives and communities in China, according to Commercial Vice Consul Mario Tani of the PTIC in Shanghai. Meanwhile, healthy snack varieties will be showcased by Magic Melt Foods Inc., Sandria’s Delicious Concept, Vegetari Vegetarian Products, Market Reach International Resources, SL Agritech Corporation, and the Philippine Franchise Association. Tuna and other seafood selections will be presented by Century Pacific Food Inc., Universal Canning, Inc., Fisher Farms, Incorporated, Jam Seafoods, Inc., Phil. Union Frozen Foods, Inc., and Gerabuenas Trading. Likewise, premium food selections will be offered by Global Basic Co., Ltd, Subic Superfood Incorporated, Chocoloco, Inc., Filipinas de Oro de Cacao, Inc., and Seabeth Food Processing......»»
Pentagon chief reaffirms support after latest China aggression in WPS
Austin emphasized US support for the Philippines in defending its sovereign rights and jurisdiction in a phone call with Defense Secretary Gilberto Teodoro on Wednesday. .....»»
Dela Rosa considers war with China but admits: ‘Hindi naman natin kaya’
MANILA, Philippines — Senator Ronald “Bato” Dela Rosa is already fed up with China’s persistent harassments in the West Philippine Sea, prompting thoughts of engaging in war with Beijing. But he knows, war is not an option. “Naubos na ang sasabihin ko dapat dyan. Short of declaring war na tayo dyan against sa kanila e,.....»»