Russia’s Chinese car indigestion, and the fall of a Chinese chip magnate
After zooming over the last few years, China's car exports to Russia skidded by 44% in the first quarter. What put on the brakes? And former microchip superstar Zhao Guowei has been sentenced to death for waste and corruption. What led to his downfall?
GM’s China Charge, and Nvidia’s Antitrust Probe
GM takes a $5 billion charge related to its struggling China business. And China probes Nvidia for antitrust behavior in a 4-year-old chip acquisition By Doug Young & Rene Vanguestaine…
INDUSTRY BRIEF: New U.S. solar tariffs prompt Chinese withdrawal from SE Asia
The U.S. Department of Commerce last Friday announced new anti-dumping duties on solar products from Cambodia, Malaysia, Thailand, and Vietnam, with rates as high as 271.2%. The move appears to…
FAST NEWS: SMIC forecasts continued gross margin decline
The Latest: Semiconductor Manufacturing International Corp. (SMIC)(0981.HK; 688981.SH) on Thursday reported a 68.9% year-on-year drop in its third-quarter profit to $71.79 million, as its gross margin plunged by 7.1 percentage points to 13.7%.…
PODCAST: China EVs Under Attack, and Alibaba’s Sputtering Split-up
China accuses US of unfair EV subsidies at the WTO. Will the US fight back with a counter claim against Chinese EVs? And Alibaba cancels an IPO for its Cainiao logistics unit. Is its bigger plan to break up the company falling apart?
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