Bidens’ M China loan part of ‘pay-to-play’ scheme: Sen. Grassley
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Bidens’ $5M China loan part of ‘pay-to-play’ scheme: Sen. Grassley

ByNews Polite

A $5 million interest-free loan the Biden family received from a Chinese energy conglomerate in 2017 should have been probed by the FBI as part of a possible “pay-to-play” plan, Sen. Chuck Grassley told top law enforcement officials last week. In an Oct. 13 letter to Attorney General Merrick Garland,…

China Lashes Out Against New US Chip Export Rules Aimed at Hobbling Its Semiconductor Industry

China Lashes Out Against New US Chip Export Rules Aimed at Hobbling Its Semiconductor Industry

ByNews Polite

China on Saturday criticized the latest US decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will “isolate and backfire” on the US. “Out of the need to maintain its…

China Chip Manufacturing Industry Targeted With Sweeping New US Semiconductor Export Rules: All Details

China Chip Manufacturing Industry Targeted With Sweeping New US Semiconductor Export Rules: All Details

ByNews Polite

The Biden administration on Friday published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment, vastly expanding its reach in its bid to slow Beijing’s technological and military advances. The rules, some of which go…

Chinese artist Siyuan Zhuji turns COVID-19 tests into art to represent pandemic in China
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Chinese artist Siyuan Zhuji turns COVID-19 tests into art to represent pandemic in China

ByNews Polite

For most of China’s 1.4 billion people, regular COVID-19 tests have become a way of life. Siyuan Zhuji is trying to turn them into a work of art. Since March, the 33-year-old multi-disciplinary artist from Jiangsu province has been filming his own nucleic acid tests with a small camera in his…

Biden’s executive order to fund US biomanufacturing industry
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Biden’s executive order to fund US biomanufacturing industry

ByNews Polite

President Joe Biden will sign orders on Monday to push more government dollars to the U.S. biotechnology industry, aimed at reducing dependence on China for materials to generate clean energy, weave new fabrics and inoculate populations against the COVID-19 pandemic. The executive order allows the federal government to direct funding…

US Export Ban on Advanced AI Chips to Hit China’s Access to Technology

US Export Ban on Advanced AI Chips to Hit China’s Access to Technology

ByNews Polite

The US government’s efforts to restrict the shipment of high-performance chips by Nvidia and Advanced Micro Devices (AMD) to China added to mounting tension between the countries over technology and security. The chips are designed to run artificial intelligence applications and power data centres and the restrictions would affect Chinese firms’…

US President Joe Biden Signs Order for Implementation of CHIPS Act, Forms Council for Policy Development

US President Joe Biden Signs Order for Implementation of CHIPS Act, Forms Council for Policy Development

ByNews Polite

US President Joe Biden signed an order to implement the 2022 CHIPS Act on Thursday. The executive order will ensure subsidy for manufacturing semiconductor chips in the US. The US government’s implementation plan worth $52.7 billion (nearly Rs. 4,21,000 crore) aims at encouraging chip manufacturing and research in the country….