The US$624 million deal is expected to enlarge JCET’s share in China’s data storage market.
Both firms have increased investments in the city, waiving delivery fees for some orders and boosting services such as local product returns.
Hurricane Helene halted production at two US mines that produce most of the world’s supply of high-purity quartz, a material critical to making semiconductors.
OpenAI plans to use the funds to advance its AI research, increase computing capacity, and develop tools for solving complex problems.
In her latest tenure as rotating chairwoman, Meng is expected to oversee the launch of Huawei’s next flagship 5G smartphone series, the Mate 70.
PayPal executives say Chinese merchants creative about meeting demand will continue to see growth in international sales.
Facebook parent Meta said it will produce its next-generation virtual and augmented reality headsets in Vietnam, creating 1,000 jobs.
SoftBank’s stock rebounded, helped by the Japanese company’s possible participation in an OpenAI funding round.
The state-owned telecoms operator did not reveal what chips it used for its 1 trillion-parameter model, but it has a partnership with Huawei.
Alibaba took control of Sun Art Retail Group four years ago to pursue a ‘new retail’ strategy.
