Two distinct economic narratives are unfolding with significant implications for global markets. In China, Cambricon Technologies is launching an aggressive production expansion to capture the AI semiconductor market left vulnerable by Nvidia’s exit, directly challenging Huawei Technologies. Simultaneously, the United States faces mounting evidence of labor market deterioration, with private payrolls contracting at the fastest pace since early 2023, casting a shadow over the Federal Reserve’s upcoming policy decision.
about AI Chip Race Intensifies as US Labor Market Shows CracksHuawei
0 in Finance and 0 in Crypto last weekUS Probes Bitmain Over Bitcoin Mining Security Risks
US authorities are investigating Chinese Bitcoin mining hardware manufacturer Bitmain over potential national security threats. The probe focuses on whether the company’s mining equipment could be remotely controlled for espionage or infrastructure sabotage. This marks the latest escalation in US-China technology security tensions.
about US Probes Bitmain Over Bitcoin Mining Security RisksSeres Group Debuts on HK Exchange After $1.8B Raise
Chinese luxury automaker Seres Group makes its landmark trading debut in Hong Kong following a successful $1.8 billion capital raise, marking a pivotal moment in the company’s transformation from budget minivan manufacturer to premium automotive brand. This dual listing achievement, coming eight years after its Shanghai Stock Exchange debut, represents the culmination of Seres’ strategic partnership with tech giant Huawei and signals its readiness for global expansion. The milestone coincides with Bloomberg TV securing an exclusive interview with Seres President John Zhang, offering unique insights into the company’s evolution and future trajectory.
about Seres Group Debuts on HK Exchange After $1.8B RaiseHuawei AI Chips Defy Sanctions, Rivian Safety Fix, China-US Deal Push
Huawei’s advanced AI chips reportedly contain components from major semiconductor manufacturers despite US restrictions, while electric vehicle maker Rivian addresses door safety concerns, and China offers investment incentives to ease American security measures. These developments highlight ongoing tensions in global technology supply chains and US-China economic relations, with significant implications for national security policies and corporate compliance.
about Huawei AI Chips Defy Sanctions, Rivian Safety Fix, China-US Deal PushHuawei’s 3-Year AI Chip Plan to Challenge Nvidia
Huawei has launched an ambitious three-year strategy to compete with Nvidia in the high-stakes AI chip market, betting on massive-scale clustering and superior data interconnect speeds to overcome a significant performance gap in individual processors. Announced by Chairman Eric Xu at the Huawei Connect conference, the plan centers on linking up to 15,488 of its Ascend AI chips using a new proprietary technology, a move that signals China’s accelerating push for semiconductor self-reliance in the face of persistent US sanctions.
about Huawei's 3-Year AI Chip Plan to Challenge NvidiaApple iPhone 17 Launch Tests Market Amid Stock Decline
Apple’s new iPhone 17 launches today as the company’s stock underperforms the broader market, declining 5% year-to-date compared to the S&P 500’s 12% gain. The release faces significant challenges from AI competition, questionable hardware upgrades, and intense pressure in China—the world’s largest smartphone market. Consumer response will test whether hardware improvements alone can drive sales without Apple’s promised AI features, potentially forcing the company to fight from behind for the first time in its 18-year smartphone dominance.
about Apple iPhone 17 Launch Tests Market Amid Stock DeclineNvidia Loses China AI Market Amid US-China Tech War
Nvidia Corp. faces permanent exclusion from China’s artificial intelligence chip market as new government restrictions and escalating US-China technological tensions sever what could have been the semiconductor giant’s second-largest market. China’s decisive move toward technological independence, coupled with Huawei’s emerging capabilities to rival Nvidia’s flagship products, represents a fundamental shift in the global AI semiconductor landscape that will significantly impact Nvidia’s future growth trajectory.
about Nvidia Loses China AI Market Amid US-China Tech WarApple iPhone Sales Slump 6% in China, Market Share Drops to 6th
Apple Inc. faces mounting pressure in China as iPhone sales fell 6% year-over-year during the first eight weeks of Q3, breaking a positive trend and dropping the tech giant to sixth place in market share. The decline comes amid fierce competition from local rivals with AI-integrated devices and growing concerns about tariffs and upgrade cycles in Apple’s most critical overseas market.
about Apple iPhone Sales Slump 6% in China, Market Share Drops to 6thAlphabet Hits $3T Valuation, Challenges Nvidia’s AI Throne
Alphabet Inc. has shattered the $3 trillion valuation barrier, joining an exclusive club of tech titans and positioning itself to challenge Nvidia for the title of world’s most valuable company. The milestone, achieved through a 4.5% stock surge to over $251 per share, was fueled by massive AI infrastructure investments and bullish analyst upgrades that signal growing confidence in Google’s parent company’s artificial intelligence strategy across its vast product ecosystem.
about Alphabet Hits $3T Valuation, Challenges Nvidia's AI ThroneVitalik Buterin Shifts to Copyleft to Fight Tech Monopolies
Ethereum’s Vitalik Buterin has shifted his support from permissive open-source licenses (like MIT) to copyleft models (such as GPL), citing the need to prevent tech monopolies and ensure shared progress. He highlights three key reasons: the mainstreaming of open source, a more competitive crypto industry, and economic theories on power concentration. Buterin argues that copyleft licenses legally enforce openness, requiring derivative works to share improvements, thus preventing large firms from hoarding innovations. His stance comes amid debates in AI and blockchain over licensing models, as industries grapple with centralization risks. Buterin acknowledges permissive licenses still have value but urges developers to prioritize copyleft to sustain decentralized progress.
about Vitalik Buterin Shifts to Copyleft to Fight Tech MonopoliesChina to Lead Global Chipmaking by 2030, Surpassing Taiwan
China’s semiconductor manufacturing capacity is projected to reach 30% of global foundry output by 2030, surpassing Taiwan (23% in 2024), fueled by state-backed initiatives like the ‘Big Fund’ and rapid expansion of fabrication plants. Taiwan’s recent export controls on Chinese firms like Huawei and SMIC aim to curb China’s access to advanced tech, aligning with U.S. sanctions. This capacity race impacts AI and crypto sectors, as semiconductors are critical for AI training and crypto mining. While China’s domestic innovation may fill some gaps, supply constraints could raise costs for miners and slow AI progress. If successful, China’s dominance could reshape global tech and crypto competitiveness.
about China to Lead Global Chipmaking by 2030, Surpassing TaiwanTaiwan Tightens Chip Export Controls on Huawei, SMIC
Taiwan has added Huawei and SMIC to its Strategic High-Tech Commodities Entity List, requiring government approval for exports to these firms. This decision disrupts China’s semiconductor self-sufficiency efforts and aligns with US sanctions. The restrictions also affect crypto mining, as high-performance ASIC chips—critical for Bitcoin mining—are now harder for Chinese firms to obtain. The geopolitical tensions between Taiwan, China, and the US underscore the strategic importance of semiconductor dominance in both tech and emerging industries like AI and blockchain.
about Taiwan Tightens Chip Export Controls on Huawei, SMIC