The Technology Authority

The Failure of Tsinghua Unigroup Tests China’s Tech Ambitions

In 2015, an obscure company run by a real estate mogul woke the world to China’s ambitions in semiconductors, the foundational technology that powers computing. Laden with state funding and political backing, the company made jaws drop with a $23 billion bid to buy the American chip maker Micron.

Six years on, China’s would-be microchip champion looks more like a national disappointment. The company, Tsinghua Unigroup, said this month that one of its creditors had initiated bankruptcy proceedings, raising the prospect that it could be broken up.

Tsinghua Unigroup’s flagging financial fortunes are an uncomfortable failure for Chinese officials, who

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Goldman CEO Solomon says China’s tech crackdown will delay many U.S. listings

Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology industry surprised him and will likely delay “a large number” of companies from listing shares in the U.S.

Last week, shares of riding-hailing giant Didi Global plunged after China declared that new users couldn’t download the app amid a cybersecurity review. Didi had been advised by Chinese regulators to postpone its U.S. listing, but the tech company went ahead with it last month, The Wall Street Journal has reported.

“There’s a significant backlog of Chinese companies that are turning to global capital to raise money

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China’s Crackdown on Didi Is a Reminder That Beijing Is in Charge

In less than a week, China’s leading ride-hailing platform, Didi, has gone from investor darling with a megabucks Wall Street debut to the biggest new target in Beijing’s fast-moving efforts to tame the country’s internet industry.

The latest front in the regulatory blitz is privacy and cybersecurity. Chinese consumers have grown increasingly privacy conscious in recent years, and the authorities have taken particular interest in safeguarding platforms, like Didi’s, that handle sensitive information such as locations.

But Beijing’s moves against Didi — halting new user sign-ups, then ordering it off app stores in a span of two days — stand

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The Tech Cold War’s ‘Most Complicated Machine’ That’s Out of China’s Reach

SAN FRANCISCO — President Biden and many lawmakers in Washington are worried these days about computer chips and China’s ambitions with the foundational technology.

But a massive machine sold by a Dutch company has emerged as a key lever for policymakers — and illustrates how any country’s hopes of building a completely self-sufficient supply chain in semiconductor technology are unrealistic.

The machine is made by ASML Holding, based in Veldhoven. Its system uses a different kind of light to define ultrasmall circuitry on chips, packing more performance into the small slices of silicon. The tool, which took decades to develop

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China’s tech workers pushed to their limits by surveillance software

Andy Wang, an IT engineer at a Shanghai-based gaming company, occasionally felt a pang of guilt about his job.

Most of his hours were spent on a piece of surveillance software called DiSanZhiYan, or “Third Eye”. The system was installed on the laptop of every colleague at his company to track their screens in real time, recording their chats, their browsing activity and every document edit they made.

Working from their floor in a downtown high-rise, the start-up’s hundreds of employees were constantly, uncomfortably aware of being under Third Eye’s intent gaze.

The software would also automatically flag “suspicious behaviour”

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China’s tech workers pushed to limits by surveillance software

HONG KONG — Andy Wang, an IT engineer at a Shanghai-based gaming company, occasionally felt a pang of guilt about his job.

Most of his hours were spent on a piece of surveillance software called DiSanZhiYan, or “Third Eye.” The system was installed on the laptop of every colleague at his company to track their screens in real time, recording their chats, their browsing activity and every document edit they made.

Working from their floor in a downtown high-rise, the startup’s hundreds of employees were constantly, uncomfortably aware of being under Third Eye’s intent gaze.

The software would also automatically

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