China
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Sources: in a first, Apple plans to move some MacBook production to Vietnam in 2023, asking Foxconn to begin as early as May, to further diversify from China (Cheng Ting-Fang/Nikkei Asia)
Cheng Ting-Fang / Nikkei Asia: Sources: in a first, Apple plans to move some MacBook production to Vietnam in 2023,…
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Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees amid weaker sales due to China's COVID-19 lockdowns and slower consumer spending (Che Pan/South China Morning Post)
Che Pan / South China Morning Post: Chinese media reports: Xiaomi plans to lay off ~15% of its 35,314 employees…
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Sources: TikTok's efforts to cut ties with Beijing-based ByteDance have stumbled over hiring and retaining talent, as some key staff remain based in China (Raffaele Huang/Wall Street Journal)
Raffaele Huang / Wall Street Journal: Sources: TikTok’s efforts to cut ties with Beijing-based ByteDance have stumbled over hiring and…
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About 200 companies in China and Hong Kong, including Alibaba and JD.com, no longer face the threat of a US delisting after US inspectors reviewed their audits (Bloomberg)
Bloomberg: About 200 companies in China and Hong Kong, including Alibaba and JD.com, no longer face the threat of a…
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Foxconn begins easing most restrictions at its Zhengzhou plant, including those on workers’ daily movements, as China rolls back its COVID-19 rules (Debby Wu/Bloomberg)
Debby Wu / Bloomberg: Foxconn begins easing most restrictions at its Zhengzhou plant, including those on workers’ daily movements,…
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Sources: Alibaba won't be able to buy Arm's Neoverse V chips after Arm concludes that the US and UK won't approve export of the high performance tech to China (Financial Times)
Financial Times: Sources: Alibaba won’t be able to buy Arm’s Neoverse V chips after Arm concludes that the US and…
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Memo: online fast fashion retailer Shein is exploring becoming a marketplace for third-party merchants and plans to diversify its supply chain away from China (Keith Zhai/Wall Street Journal)
Keith Zhai / Wall Street Journal: Memo: online fast fashion retailer Shein is exploring becoming a marketplace for third-party merchants…
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Officials and studies: US spy agencies have been slow to adapt to open source intelligence, falling behind China, which has the largest and most focused effort (Warren P. Strobel/Wall Street Journal)
Warren P. Strobel / Wall Street Journal: Officials and studies: US spy agencies have been slow to adapt to open…
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Sources: China is working on a $143B+ five-year support package for its chip industry, mainly including subsidies and tax credits, starting as soon as Q1 2023 (Julie Zhu/Reuters)
Julie Zhu / Reuters: Sources: China is working on a $143B+ five-year support package for its chip industry, mainly including…
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