logo
Huawei Founder Waves Off US Chip Curbs While Trade Talks Proceed

Huawei Founder Waves Off US Chip Curbs While Trade Talks Proceed

Mint4 hours ago

Huawei Technologies Co. founder Ren Zhengfei dismissed the impact of US export restrictions on China in a front-page People's Daily article, wading into one of the key topics dogging Washington-Beijing trade negotiations.
Ren, one of the country's most recognizable business figures, told the Communist Party's official newspaper he wasn't worried about Washington's efforts to cut off the flow of US technology to China's chip sector. Domestic firms could resort to means such as chip packaging or stacking to achieve results similar to that from advanced semiconductor technology.
The Huawei founder also expressed confidence in the interview that China can make breakthroughs in AI and software, particularly in an increasingly open-source environment. The US has put restrictions on chip design programs for Chinese firms, though Washington could also remove those pending the outcome of talks.
The prominently placed article appears timed to coincide with a second day of sensitive negotiations between the US and China, which are seeking to ease tensions over shipments of technology and rare earth elements. US Commerce Secretary Howard Lutnick's presence at the talks underscore the importance that export controls are playing in these discussions. Lutnick has said China isn't capable of producing high volumes of sophisticated semiconductors, a sign American export controls are limiting its progress.
Nvidia CEO Warns That Chinese AI Rivals Are Now 'Formidable'
Semiconductor packaging or stacking refers to the techniques of bundling chips together to make them more powerful - Huawei has been relying on this method to make its most powerful AI chips at Semiconductor Manufacturing International Corp., aiming to develop silicon as sophisticated as what Nvidia Corp. offers.
Huawei has in past years evolved from a telecom gear and smartphone maker into one of China's national tech champions, making advances in semiconductors, EVs and AI. It's also one of Washington's biggest targets, given persistent accusations of its ties to Beijing. The company has repeatedly stressed it's an employee-run company.
Ren, a former People's Liberation Army officer, has emerged as one of the tech sector's most prominent voices since the first Trump administration added the company to the so-called Entity List.
That move significantly curtailed Huawei's access to US technologies, initially walloped the business and sped its exit from several major markets. But Huawei has since regained market share in smartphones, developed a more advanced process than the US thought possible, and is now making inroads into the AI and EV software markets.
In May, Nvidia Chief Executive Officer Jensen Huang said that Chinese AI rivals are filling the void left by the departure of US companies from that market, and their technology is becoming more powerful.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

From BEL, HAL to Mishra Dhatu Nigam— defence stocks surge amid reports of Indian Army to get ₹30,000 crore QRSAM boost
From BEL, HAL to Mishra Dhatu Nigam— defence stocks surge amid reports of Indian Army to get ₹30,000 crore QRSAM boost

Mint

time31 minutes ago

  • Mint

From BEL, HAL to Mishra Dhatu Nigam— defence stocks surge amid reports of Indian Army to get ₹30,000 crore QRSAM boost

Several defence stocks, including BEL, HAL and Mishra Dhatu Nigam, saw healthy gains in intraday trade on Tuesday, June 10, amid reports that the Indian Army is all set to get a ₹ 30,000 crore boost with a new surface-to-air missile system. The Nifty India Defence index rose by over a per cent during the session, with stocks such as Dynamatic Technologies, Data Patterns (India), Astra Microwave Products and DCX Systems, jumping 2-7 per cent. According to an ANI report, the Indian Army is all set to get a ₹ 30,000 crore boost with a new surface-to-air missile system, which the Defence Ministry could soon approve for acquisition. "The Defence Ministry is scheduled to take up the proposal for buying three regiments of the indigenous Quick Reaction Surface to Air Missile system (QRSAM) for the Army Air Defence for deployment along both western and northern borders," ANI reported, quoting defence officials saying so. The ANI report further added that the Army Air Defence is also getting a number of new radars, very short-range air defence systems, along with jammers and laser-based systems to deal with drones of Turkish and Chinese origin. Defence stocks have been on a solid uptrend in the wake of Operation Sindoor in May. Defence stocks such as Garden Reach Shipbuilders, Cochin Shipyard, Zen Technologies, BEML, Mishra Dhatu Nigam, Data Patterns, BDL and BEL have surged 25-80 per cent over the last one month. Stocks such as Solar Industries, MTAR Technologies, Mazagon Dock Shipbuilders, Dynamatic Tech, HAL, Cyient DLM and Paras Defence have jumped 10-25 per cent in the same period. Experts say defence stocks still remain long-term bets due to their solid growth prospects. However, due to the recent rise in stock prices, there could be intermittent profit booking. "Defence stocks have more steam left for the long term. There could be some profit booking now and then. The story is intact for the long term due to expectations of an increase in the defence budget. So, investors should remain invested for at least the next one to two years," said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd. Tapse recommends buying four defence stocks- Data Patterns, HAL, BEL and BEML- for the long term. He pointed out that the Defence Research and Development Organisation (DRDO) has transferred nine advanced defence technologies to ten public and private sector partners, which could benefit stocks like BEL and BEML. Read all market-related news here Read more stories by Nishant Kumar

Amid Putin-Xi Bonhomie, Russian Intelligence Cautious Of "Enemy" China
Amid Putin-Xi Bonhomie, Russian Intelligence Cautious Of "Enemy" China

NDTV

time34 minutes ago

  • NDTV

Amid Putin-Xi Bonhomie, Russian Intelligence Cautious Of "Enemy" China

Washington: While the world sees Russian President Vladimir Putin and his Chinese counterpart Xi Jinping as unshakable friends, a leaked internal document from Russia's Federal Security Service (FSB) sheds light on Moscow's growing distrust toward Beijing. Russia's powerful intelligence unit refers to China as "the enemy" in an eight-page planning document obtained by The New York Times. The document, authored by a previously undisclosed FSB unit, reportedly warned that China is a serious threat to Russian security, with Beijing increasingly trying to recruit Russian spies and get its hands on sensitive military technology, at times by luring "disaffected Russian scientists". The document, cited by the NYT, was first obtained by Ares Leaks, a cybercrime group, but did not say how it did so. 'China Spying On Western Weapons' Citing intelligence officers, the NYT reported that Beijing is spying on Moscow's military operations in Ukraine to gather more information on Western weapons and warfare. 'Claim Russian Territory' China, which shares a land border with Russia, may be planning to lay claim to the Russian territory. Russian intelligence reportedly fears that Chinese academics are laying the groundwork for the same, particularly in sparsely populated and strategically significant regions near their shared border. The document said that Beijing's intelligence agents were carrying out espionage in the Arctic using mining firms and university research centres as cover. Russia-China Bonhomie Since Russia invaded Ukraine in February 2022, Moscow's consequential yet opaque bond with Beijing has shifted the global balance of power. Moscow has managed to survive years of Western financial sanctions following the invasion, and Beijing has a part to play in the success. China is the largest customer for Russian oil. It also supplies essential computer chips, software and military components to Moscow. After the invasion, when Western companies abandoned Russia, Chinese brands captured the market to replace them. The two neighbours, fighting western geopolitics, also want to make movies together and build a base on the moon. Counterintelligence Programme 'Entente-4' But despite the closeness, Russia has been cautious of China's conniving past. Just three days before Russia's full-blown invasion of Ukraine in February 2022, the FSB approved a new counterintelligence program called "Entente-4"-- a name seen as a pointed irony, given Moscow's public embrace of Beijing. It belied the initiative's real intent--- to prevent Chinese spies from undermining Russian interests. The report noted that while most of Russia's espionage resources focused on Ukraine, the FSB feared China-- which shares more than 4,000 miles of its border-- might take advantage "Since then, according to the document, the FSB observed China doing just that. Chinese intelligence agents stepped up efforts to recruit Russian officials, experts, journalists, and businesspeople close to power in Moscow," the report said. To counter growing threats from China, the FSB has reportedly instructed its officers to intercept the "threat" and "prevent the transfer of important strategic information to the Chinese." Officers have also been asked to conduct in-person meetings with Russians working closely with China and warn them of Beijing's intentions of taking advantage of Russia and obtaining advanced scientific research, according to the document. The FSB ordered "the constant accumulation of information about users" on the Chinese messaging app WeChat. That included hacking phones of espionage targets and analysing the data in a special software tool held by a unit of the FSB, the report said.

Rednote joins wave of Chinese firms releasing open-source AI models
Rednote joins wave of Chinese firms releasing open-source AI models

Time of India

time36 minutes ago

  • Time of India

Rednote joins wave of Chinese firms releasing open-source AI models

HighlightsChina's Rednote, also known as Xiaohongshu, has released an open-source large language model called joining other Chinese tech firms in making their artificial intelligence models freely available. The open-source strategy of Chinese companies contrasts with the proprietary approach of many U.S. tech giants like OpenAI and Google, although some American firms, including Meta, have also released open-source models. Rednote's new model performs comparably to Alibaba's Qwen 2.5 series in coding tasks but lags behind more advanced models such as DeepSeek-V3. China's Rednote , one of the country's most popular social media platforms, has released an open-source large language model , joining a wave of Chinese tech firms making their artificial intelligence models freely available. The approach contrasts with many U.S. tech giants like OpenAI and Google, which have kept their most advanced models proprietary, though some American firms including Meta have also released open-source models. Open sourcing allows Chinese companies to demonstrate their technological capabilities, build developer communities and spread influence globally at a time when the US has sought to stymie China's tech progress with export restrictions on advanced semiconductors. Rednote's model, called is available for download on developer platform Hugging Face. A company technical paper describing it was uploaded on Friday. In coding tasks, the model performs comparably to Alibaba 's Qwen 2.5 series, though it trails more advanced models such as DeepSeek-V3, the technical paper said. RedNote, also known by its Chinese name Xiaohongshu, is an Instagram-like platform where users share photos, videos, text posts and live streams. The platform gained international attention earlier this year when some U.S. users flocked to the app amid concerns over a potential TikTok ban. The company has invested in large language model development since 2023, not long after OpenAI's release of ChatGPT in late 2022. It has accelerated its AI efforts in recent months, launching Diandian, an AI-powered search application that helps users find content on Xiaohongshu's main platform. Other companies that are pursuing an open-source approach include Alibaba which launched Qwen 3 , an upgraded version of its model in April. Earlier this year, startup DeepSeek released its low-cost R1 model as open-source software, shaking up the global AI industry due to its competitive performance despite being developed at a fraction of the cost of Western rivals.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store