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More Chinese artificial intelligence firms and chipmakers are turning to Hong Kong for fundraising, testing the appetite of global investors following stellar onshore debuts of graphics processing unit (GPU) developers Moore Threads Technology and MetaX Integrated Circuits. GigaDevice Semiconductor is a step closer to its Hong Kong initial public offering (IPO) after passing a l...
US President Donald Trump’s administration has launched a review that could result in the first shipments to China of Nvidia’s H200 chips, five sources said, making good on his pledge to allow the controversial sales. Trump this month said he would allow sales of Nvidia’s H200 chips to China, with the US government collecting a 25 per cent fee, and that the sales would help kee...
Hong Kong stocks rose for a third day on Friday, putting the benchmark gauge on course for its longest winning streak in three weeks, after softer US inflation data bolstered the case for monetary easing. The Hang Seng Index advanced 0.3 per cent to 25,588.85 as of 10.04am local time. The Hang Seng Tech Index dropped 0.6 per cent. On the mainland, the CSI 300 Index climbed 0.2 p...
China is gaining a solid reputation as a pharmaceutical innovation hub, shifting from a copycat drug maker to one whose infrastructure and research and development capabilities rival global pharmaceutical behemoths, according to a global consultancy. US-based SAI MedPartners and its unit Idea Pharma recently launched a new index with the aim of highlighting Chinese drug makers a...
China’s energy storage firms, battered by a three-year price war, have been jolted by lithium battery maker Deegares, which has announced plans to raise prices by 15 per cent, a move that is sparking debate over whether the sector could be the first to break free from the “involution” cycle. Rising lithium costs were the immediate trigger, with at least three other battery maker...
