Taiwan's UMC halts R&D activities with Chinese semiconductor firm after U.S. ban - October 31, 2018

Media Report

October 31 , 2018

Reuters：Taiwan's UMC halts R&D activities with Chinese semiconductor firm after U.S. ban
Reuters reports: "Taiwan chipmaker United Microelectronics Corp (2303.TW) said it will temporarily halt research and development activities with its Chinese partner Fujian Jinhua, days after the United States cut off the state-backed firm from U.S. suppliers. U.S. President Donald Trump's administration took action on Monday to cut off Fujian Jinhua from U.S. suppliers amid allegations the firm stole intellectual property from U.S. semiconductor company Micron Technology Inc (MU.O). The action against Fujian Jinhua could ignite new tensions between Beijing and Washington since the company is part of the "Made in China 2025" program to develop new high-technology industries."
The Wall Street Journal：Rivals Reap Rewards as China's Monster Money-Market Fund Shrinks
The Wall Street Journal reports: "Beijing is forcing the world's largest money-market fund to shrink, creating a bonanza for others. At one point this year, assets under management at the Tianhong Yu'e Bao fund—run by China's largest financial-technology company, Ant Financial Services Group, an affiliate of e-commerce behemoth Alibaba Group Holding Ltd. were twice those of their biggest U.S. peer. They rivaled those of the giant exchange-traded fund known as SPY, which tracks the S&P 500 index.But Chinese regulators grew uneasy about the systemic risk of so large a fund. To aid its downsizing, Ant in May started adding money-market funds overseen by other domestic asset managers to its Yu'e Bao investment platform, helping send tens of billions of dollars their way."
CNBC：Ford and Baidu team up to test self-driving vehicles in China
CNBC reports: "Ford and Chinese internet giant Baidu announced a tie-up Wednesday that will see the two firms jointly test self-driving vehicles in China for two years. The initiative will see the two companies collaborate on the development and testing of driverless vehicles that meet the Level 4 standard set by U.S. industry organization SAE International. This means that autonomous vehicles developed by the two will not require intervention from a human driver. Ford and Baidu did not disclose any financial terms or ownership structure details of the venture."

Calendar

2018-10-30 China's currency just hit its lowest level in a decade. What's next?
2018-10-29 China takes another big step to open its financial markets
2018-10-28 Ceasefire in trade war with China bodes well for American business
2018-10-26 Shinzo Abe Says Japan Is China’s ‘Partner,’ and No Longer Its Aid Donor
2018-10-25 China Mocks Report It Tapped Trump’s iPhone (and Plugs Its Own Competitor)
2018-10-24 Japan and China, Asian Rivals, Are Trying to Get Along
2018-10-23 China Officially Launched the World's Longest Sea Bridge Linking Hong Kong and Macau to the Mainland
2018-10-22 China's battered stock market just had its best day in years
2018-10-21 China's slowing economic growth should not be a concern
2018-10-19 Mike Pompeo Warns Panama Against Doing Business With China

News

Commentary

The National Interest This Photo Shows a Navy Submarine 'Sinking' a British Aircraft Carrier. China Should Worry.
Bloomberg Can China-U.S. Relations Step Back From the Edge?
The Washington Post China must stop making a mockery of the rights treaties it signs
Financial Times China's interventions are a long-term drag on stocks
The Hill It's time to recognize the service of Chinese-American WWII veterans with Congressional Gold Medal
The National Interest Coming Soon: China's Navy Could Eventually Have Six Aircraft Carriers