Latest news with #Chinses
Business Insider
13-07-2025
- Business
- Business Insider
Nvidia CEO says Chinese military unlikely to use its AI chips, Bloomberg says
Nvidia (NVDA) CEO Jensen Huang said the U.S. government does not need to be concerned about its technology being used by the Chinses military, Ian King of Bloomberg reports. Huang said the Chinese military will avoid using U.S. technology due to the risks associated with doing so. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
News18
13-07-2025
- Business
- News18
India's Chipmakers Face Fresh Challenge As US Eases EDA Software Ban On China
The lifting of the restrictions will allow the US-headquartered EDA companies including Cadence Design Systems, Siemens EDA and Synopsys to resume the business engagement in China. Eventually, it would harm the interest of India chipmaker firms who are prying to gain the big pie as soon as possible. The Trump administration had put the restrictions on US' EDA companies as part of its overall strategy to halt the access of advanced technologies to Chinses firms, especially those critical to semiconductor and defense industries. Ruchir Dixit, chairperson of the India Electronics & Semiconductor Association (IESA) board of directors, told ET that 'The strengthening capabilities of China's industry could create increased competitive dynamics, not only for India's EDA sector but also across the wider electronics and semiconductor industry." He also added that 'until a few months ago, nobody thought of software as a supply chain problem. Now, with this action, the supply chain includes software as well. It includes anything that enables creation and employment in India." With the lifting of software restrictions, companies reassessing their 'China Plus One' strategy should carefully consider the timing of their investments in India for EDA development or other functions, according to Dixit. Shankar Krishnamoorthy, chief product development officer at Synopsys as quoted by ET report, stated that the company does not expect software export restrictions previously placed on China to be imposed on India, especially given India's goal to develop its semiconductor ecosystem and the ongoing US-India collaboration in the sector. Biswajeet Mahapatra, principal analyst at Forrester, noted that this signals increased competition. A more capable Chinese chip industry, with renewed access to critical design software, could accelerate its R&D and manufacturing, potentially intensifying the race for global market share and foreign investment, particularly in design and packaging, areas where India is also making significant progress. Kunal Chaudhary, partner and co-leader of the Inbound Investment Group at EY India told ET the urgency for India to act quickly. 'India must accelerate its chip design efforts. With the US easing EDA export restrictions for China, the global playing field is shifting," he said. Chaudhary emphasized that developing India's own chip design software is a strategic necessity, not just for resilience but to lead in the next era of semiconductor innovation. He called for focused investment in R&D, intellectual property (IP), and deep skilling. India's Semiconductor Push Amid Global Headwinds India is aggressively pushing to become a global semiconductor hub with a Rs 76,000 crore incentive scheme under the Semiconductor India Programme. The government aims to boost domestic capabilities across chip manufacturing, packaging (ATMP/OSAT), and design. Big players like Micron have already committed to setting up chip assembly plants in Gujarat, while Tata Group is also exploring fabrication projects. With global firms looking to diversify away from China, India is positioning itself as a strong alternative through policy support, subsidies, and fast-track approvals.
Middle East
10-07-2025
- Business
- Middle East
OPEN// Egypt, China reaffirm importance of upholding Israel-Iran ceasefire
ALAMEIN, Egypt, July 10 (MENA) - Egypt and China stressed the importance of consolidating the ceasefire agreement between Israel and Iran and resuming diplomatic efforts to resolve the crisis through peaceful means. This came during a meeting between President Abdel Fattah El Sisi with Chinese Premier Li Qiang on Thursday, in the presence of Prime Minister Mostafa Madbouli and Egyptian and Chinese ministers and senior officials. During the meeting, both sides underscored the necessity of reaching a ceasefire deal in the Gaza Strip, ensuring immediate humanitarian aid delivery, and achieving a just and comprehensive solution to the Palestinian cause. The Chinese Premier conveyed the greetings of President Xi Jinping to President Sisi, adding that the Egyptian president is a dear friend of China who is always warmly welcomed in Beijing, according to Presidential Spokesman Mohamed el Shennawy. Li said that China highly values strong relations with Egypt that are built on a time-honored strategic partnership, mutual respect and shared interests. The Chinses premier praised the rapid development in bilateral ties and the close coordination between Egypt and China on regional and international issues. He also lauded Egypt's pivotal role as a pillar of stability in the Middle East. For his part, President Sisi affirmed Egypt's commitment to strengthening cooperation with China across various areas of mutual interest, the spokesman said. He added that both countries will celebrate the 70th anniversary of the establishment of diplomatic relations in 2026. The president commended the contributions of Chinese companies to Egypt's development projects, expressing Egypt's eagerness to attract further Chinese investments, especially in sectors of renewable energy, electric vehicle manufacturing and tourism. He underscored Egypt's interest in promoting cooperation with China in manufacturing, development and debt swap mechanisms, according to the spokesman. He added that the both sides exchanged views on regional and international developments. (MENA) A A E/S R E
