China Investment Corporation (CIC), the country’s sovereign wealth fund, agreed to take a US$300 million stake in Semiconductor Manufacturing International Corporation (SMIC; SMI.NYSE, 0981.HK), the Wall Street Journal reported. SMIC, which is China’s largest contract chip maker by capacity, said last month that it intends to spend US$12 billion on rapid expansion during the coming […]
Category: Tech, Media & Telecom
Chinese technology firm Huawei publicly disclosed members of its board on Monday in a bid to calm US nerves about its links to the country’s military, the Financial Times reported. The names, pictures and biographies of members are published in the company’s annual report for 2010. The move is widely seen as a response to […]
Alibaba Group will soon launch e-reading software for the Apple (AAPL.NASDAQ) iPhone, part of the e-commerce company’s expansion into the e-reading market, state media reported, quoting Tao Ran, senior director of public relations at Alibaba Group. The client allows mobile users to browse the “Taobao Bookstore,” which offers 50,000 online literary works and 10,000 other […]
Spanish and Chinese enterprises have signed eight deals worth a total of US$1.44 billion, marking a four-day visit by Spanish Prime Minister Jose Luis Rodriguez Zapatero to China, state media reported. Contracts included a deal between Spain’s Santander (SAN.MCE) bank and China’s ZTE Corporation (000063.SH, 0763.HK) to finance the export of telecom equipment, and an […]
Intel (INTC.NASDAQ) and Tencent (0700.HK) will open a joint research center to develop tablet computers and mobile devices for the Chinese market, part of Intel’s bid to close the gap with chipmaker ARM Holdings PLC (ARM.LON), which supplies both the Apple (AAPL.NASDAQ) iPad and devices using Google’s (GOOG.NASDAQ) Android system, the Wall Street Journal reported. […]