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China bemoans "discriminatory" US CHIPS Act, again

TechSpot

China has long stood opposed to the CHIPS Act, which was signed into law this month, having previously called it "entrenched in the Cold-War and zero-sum game mentality." Now, Yu Xiekang, vice chairman of the China Semiconductor Industry Association, has claimed (via Bloomberg) that the act is designed to give.

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Google, Facebook, and Twitter halt government data requests after new Hong Kong security law

The Verge

Google, Facebook, and Twitter are pausing the processing of data requests from the Hong Kong government as they review a new security law that went into effect on July 1st. Google put its pause into place as soon as the law took effect last Wednesday. “[W]hen

Law 102
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The China tech crackdown continues

TechCrunch

The Chinese government’s crackdown on its domestic technology industry continues, with Tencent under fresh pressure despite the company’s efforts to follow changing regulatory expectations. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.

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China banning foreign IPOs would be pretty unsurprising

TechCrunch

IPO is one of several key moments of the recent regulatory shift inside China regarding its leading technology companies. Bloomberg reports that China is considering removing the VIE loophole that allowed Chinese companies to list in the United States, closing a method by which local companies could access foreign capital.

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Biden's IRA and CHIPS Act: 40% of investments now delayed or in limbo

TechSpot

The CHIPS Act was signed into law by President Joe Biden in 2022 to reduce dependence on China and bolster the domestic EV, renewable energy, and semiconductor industries. The Act aimed to attract significant investments to establish manufacturing facilities in the US and offered more than $400 billion in tax.

China 114
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As Chinese and Israeli tech relations grow, here are the keys to success

The Next Web

Yair Geva is a partner at Herzog Fox & Neeman , one of the leading Israeli law firms that has helped facilitate some of the major exits and deals in Israel within the past few years. In fact, Israeli VCs are increasingly viewing China as their main source of capital. Why is China be so interesting to Israeli tech?

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Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity

TechCrunch

China’s first data privacy laws go into effect on November 1, 2021. “American firms doing business in China or with companies inside China will need to immediately start assessing how this new law will impact their activities,” he advises. What China’s new data privacy law means for US tech firms.

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