In as we speak’s ExchangeWire information digest: the US bans tech companies from constructing in China for the subsequent 10 Years; Microsoft backs controversial entrepreneur Travis Kalanick’s CloudKitchens startup; and tech companies in South-east Asia launch the area’s first anti-counterfeit consortium.
US bars tech companies from constructing services in China
American Tech firms in receipt of federal funding might be unable to construct “superior expertise” services in China for the subsequent decade, in response to the Biden administration.
The ban falls below the US authorities’s USD$50bn (£43bn) plan to bolster the nation’s semiconductor trade because the nation struggles in opposition