Technology

China Demands US Withdraw Sanctions on Tech Suppliers

Published

4 years ago

May 25, 2020

China demanded Monday that Washington withdraw export sanctions imposed on Chinese companies in the latest round of a worsening conflict over technology, security and human rights.

The foreign ministry accused the Trump administration of interfering in China’s affairs by adding eight companies accused of playing roles in a crackdown in its Muslim northwestern region of Xinjiang to an export blacklist.

Washington also imposed controls on access to American technology for 24 companies and government-linked entities it said might be involved in obtaining goods with potential military uses.

The US decision “violated basic norms of international relations” and “harmed China ‘s interests,” said a ministry spokesman, Zhao Lijian.

“We urge the United States to correct its mistakes, revoke the relevant decision and stop interfering in China’s internal affairs,” Zhao said.

The measures announced Friday expand a US campaign against Chinese companies including tech giant Huawei that Washington says might be security threats.

Beijing criticised curbs imposed earlier on Huawei Technologies and other companies including Hikvision Digital Technology, a supplier of video security products. It has yet to say whether it will retaliate.

One company cited Friday in connection with Xinjiang is accused of “engaging in human rights violations,” the Commerce Department said. The rest are accused of “enabling China’s high-technology surveillance” in the region.

One of the technology suppliers, CloudWalk Technology, which makes facial recognition systems, said in a statement such “unfair treatment” will hurt American companies and global development.

China’s fledgeling tech industries are developing their own processor chips, software and other products. But they need US, European and Japanese components and technology for smartphones and other devices, as well as for manufacturing processes.

The company accused of human rights violations, Aksu Huafu Textiles, said in a statement the US decision “recklessly disregards facts.” The company said it won’t be affected because any American materials can be replaced by Chinese sources.

Other companies didn’t respond Monday to questions about how they might be affected.

The decision to add the companies to the Commerce Department’s Entity List limits their access to US components and technology by requiring government permission for exports.

American officials complain Beijing’s technology development is based at least in part on stolen foreign know-how and might erode US industrial leadership or threaten the security of its neighbours.

Complaints about Beijing’s technology ambitions prompted President Donald Trump to raise duties on Chinese imports in 2018, triggering a tariff war that weighs on global trade. The two governments signed a truce in January but Trump has threatened to back out if China fails to buy more American exports.

Other companies cited Friday “represent a significant risk of supporting procurement of items for military end-use in China,” the Commerce Department said.

The most prominent name on that list is Qihoo 360, a major supplier of anti-virus software and a web browser.

On its social media account, Qihoo 360 accused the Commerce Department of “politicising business” and commercial research and development.

Companies including Huawei that were targeted by earlier US sanctions deny they are a threat. Chinese officials accuse Washington of using phony security warnings to block rising competitors of US tech industries. China’s market has the potential to growth and China sourcing agencies are popular for helping manufacturers from different countries to set up their units there.

Another blacklisted company, CloudMinds Technology, a maker of internet-linked robots, said all its products “are designed for civilian use.” It appealed to the US government on its social media account to “stop this unfair treatment.”

(Note: This is a Article Automatically Generated Through Syndication, Here is The Original Source

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Technology

Samsung develops the fastest DRAM chip for AI applications in the industry

Published

3 days ago

April 17, 2024

IANS

Samsung develops industry's fastest DRAM chip for AI applications

In a groundbreaking development, Samsung has announced the creation of the industry’s first low-power double data rate 5X (LPDDR5X) DRAM chip for AI applications. The new chip boasts high performance of up to 10.7 Gbps, marking a significant improvement in both speed and capacity compared to previous models.

Low-power, high-performance LPDDR chips are becoming increasingly important in the on-device AI market. Samsung’s latest LPDDR5X products, developed with 12 nanometer-class process technology, are the smallest in size among existing LPDDR chips, further cementing the company’s position as a leader in the low-power DRAM sector.

A company spokesperson stated, “Samsung will continue to innovate and deliver optimized products for the upcoming on-device AI era through close collaboration with customers.” Mass production of the LPDDR5X is set to commence in the second half of the year, pending verification by mobile application processor and device providers.

The unveiling of Samsung’s LPDDR5X DRAM chip represents a significant step forward in the field of AI technology. The chip’s impressive performance and capacity enhancements are expected to further drive the adoption of on-device AI solutions in various industries. This groundbreaking innovation is sure to set a new standard for memory solutions tailored for AI applications.

Technology

PM Modi expresses strong interest in Zoho’s rural development model: Sridhar Vembu

Published

3 days ago

April 17, 2024

IANS

PM Modi showed keen interest in our model of rural development: Zoho's Sridhar Vembu

New Delhi, April 17 (IANS) – Zoho Founder and CEO, Sridhar Vembu, revealed that Prime Minister Narendra Modi expressed interest in Zoho’s rural development model in Tenkasi district, Tamil Nadu during his recent meeting. PM Modi praised the company’s efforts in creating high-tech capabilities and jobs in rural areas.

During an election rally in Ambasamudram, PM Modi met Vembu to discuss Zoho’s rural development through R&D model. Vembu expressed gratitude towards PM Modi for taking the time to understand and appreciate the company’s operations in Tenkasi as a model of rural development.

“PM Modi came to Ambasamudram which is close to my village. Even in the middle of his hectic campaign schedule, he gave me time to meet him and brief him on our rural development through R&D model and on creating high-tech capability and jobs in rural areas,” Vembu shared on social media.

Vembu highlighted that PM Modi showed keen interest in Zoho’s Tenkasi operations. He praised the Prime Minister’s leadership and expressed his support for his continued health and service to the nation. Zoho, founded in 1996 and headquartered in Chennai, employs over 15,000 individuals globally.

During his rally in Ambasamudram, PM Modi criticized the DMK in Tamil Nadu, alleging that they conspired with the Congress to hand over the Katchatheevu island to a foreign nation. PM Modi emphasized his commitment to developing a ‘Viksit Tamil Nadu’ along with a ‘Viksit Bharat’ for overall progress.

The interaction between PM Modi and Zoho’s CEO highlights the government’s interest in innovative rural development models like the one implemented by Zoho in Tenkasi district. The meeting signifies a recognition of the potential for high-tech job creation in rural areas leading to localized economic growth and development.

Technology

MediBuddy Healthcare Platform Reaches Break-Even Point in Fiscal Year 2024

Published

3 days ago

April 17, 2024

IANS

Healthcare platform MediBuddy achieves break-even in FY24

New Delhi, April 17 (IANS) Digital healthcare platform MediBuddy has announced that it has reached break-even with a marginal loss in the previous fiscal year, moving towards EBITDA neutrality. The company has seen a significant increase in its user base by 2.4 times over the last three years, serving close to 3 crore people with over 1 crore subscribers.

According to Satish Kannan, Co-founder and CEO of MediBuddy, “By leveraging technology, our platform enhances doctor-patient interactions, fueling remarkable growth and expanding healthcare access nationwide.” The company is now focusing on exploring mergers and acquisitions opportunities in key healthcare areas such as chronic disease management, mental health, diabetes, women’s care, and weight management, supported by an $18 million capital pool.

MediBuddy has a network of over 90,000 doctors across more than 22 specialities, and works with over 7,100 hospitals and clinics. The company has also onboarded over 10,000 hospitals and diagnostic centers for all radiology and pathology investigations. Kannan stated, “We empower doctors through our platform, offering accessible care via video consultations, hospital visits, clinics, pharmacy deliveries, and diagnostic services.”

The company’s commitment to innovation and technology has led to its break-even milestone, as it continues to focus on providing quality healthcare services to its growing user base. MediBuddy’s emphasis on enhancing doctor-patient interactions and expanding healthcare access has contributed to its success in achieving break-even status in the previous fiscal year.