On today’s show Andrew and Bill begin with reactions to CXMT’s IPO success this week, including responses from legislators in Washington and the stakes of Apple’s continued lobbying fight to relax restrictions on US companies working with PRC memory firms. Then: The FCC announces rules restricting the import of new, foreign-made robots and power inverters in a move to curb security risks and fuel onshoring. From there: Surveying the ongoing debate over the future of open weights models, including disadvantages facing US-led open source AI efforts, MOFCOM’s statement on distillation and Silicon Valley’s support for Chinese open weights AI, and the risks of building atop PRC AI infrastructure. At the end: Expectations for the July Politburo meeting, news out of Iran that may threaten constructive strategic stability in advance of Xi’s visit to D.C., a bad few weeks for Mercedes, and more clashes between the PRC and the Philippines.

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Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

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CXMT IPO; Taxing offshore assets; Fang Xinghai; US-China; AI; Lula supports China-Mercosur deal — Sinocism

Xi meets Slovak president; “Excess capacity” or “Overcapacity”?; CXMT IPO; Overseas Chinese affairs conference; Li Qiang in Tangshan; Chips and AI — Sinocism

Chip Maker Soars 466% on Debut to Become No. 1 in China Stock Market — Wall Street Journal

US lawmakers seek national security probe of Chinese chip giant CXMT after blockbuster IPO: ‘Ticking time bomb’ — New York Post

Trump Caught Between Apple and Micron in Fight Over Chinese Chips — Wall Street Journal

China’s CXMT Is Set to Challenge DRAM Incumbents — SemiAnalysis

Trump administration bans new Chinese humanoid robots, to protect US AI buildout — Reuters

Cover Story: China’s AI-Driven Robotics Boom Faces IPO Reality Check — Caixin

Post by Peter Harrell — X: @petereharrell

Spokesperson Responds to US Claims It Plans to Investigate and Sanction Chinese AI Companies — Xinhua (Sinocism Translation)

Mark Zuckerberg says US should not ban Chinese AI — Financial Times

Chinese AI Startup Moonshot Seeks More Nvidia Blackwell Chips for Next Model — The Information

Taiwan Says It Worked With US to Bust High-End Chip Smuggling — Bloomberg

The Hidden Cost of China’s Free A.I. — New York Times

Iran to get Chinese shoulder-launched missile systems in weeks, sources say — Reuters

China in touch with Yemen’s Houthis to allow ships to sail through Red Sea, sources say — Reuters

Mercedes risks US sales ban under Senate China bill — Financial Times

China coast guard uses water cannons on 2 Philippine vessels as top diplomats meet in Manila — Associated Press

Philippines accuses Chinese coast guard of injuring Filipino sailor in disputed shoal — Associated Press

Secretary of State Marco Rubio Remarks to the Press — U.S. Department of State

On today’s show Andrew and Bill focus on the arrival of Moonshot’s Kimi K3 model and the “DeepSeek 2.0 concerns” among investors and policymakers. Topics include: The incoherent U.S. approach to the open source AI ecosystem, levers the U.S. side could pull to thwart Chinese progress, and why the Trump Administration might be reluctant to take those steps. Then: Xi’s keynote address at the World AI conference, China’s coherent messaging to the world, questions about infrastructure in the Global South, and the needle the U.S. could thread with open source policy. At the end: Trump’s claims of “an unprecedented election security nightmare” at the hands of the PRC, the Connected Vehicle Security Act heads to mark-up this week, Neville Roy Singham is under investigation, and Rep. John Moolenaar urges the NBA to look closer at Brooklyn Nets owner—and Alibaba Chairman—Joe Tsai.

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Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

WAIC; Another order for AI; Kimi’s new model; Smart China hire by Australian government; Consumption; Extended dog days of summer 三伏天 — Sinocism

Full text: Keynote speech by Chinese President Xi Jinping at opening ceremony of 2026 World AI Conference — State Council

China’s Moonshot AI Adds More Fuel to Wall Street’s Chip Selloff — The Wall Street Journal

Alibaba Shares Rise After Unveiling Upgraded Flagship AI Model — Bloomberg

Chinese Stocks Rebound After National Team Support Resurfaces — Bloomberg

Who’s Afraid of Chinese Models? — Stratechery

The secret Trump administration battle to fight Chinese AI — Axios

Trump’s Aides See China Cheating on Trade, But Shun Reprisal — Bloomberg

China’s Leader Pitches ‘Openness’ in Push to Shape A.I.’s Future — The New York Times

Trump gives primetime speech on elections as White House alleges Chinese access to voter data — CBS News

Post by the Select Committee on China — X

A Global Web of Chinese Propaganda Leads to a U.S. Tech Mogul — The New York Times

Congressman calls on NBA to review Joe Tsai’s position in league — ESPN

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On today’s show, Andrew and Bill begin by parsing the economic data released by the PRC this week, including slower-than-expected growth, the Party’s response to the status quo, export-powered growth that is widening trade imbalances, and the questions all of this will raise for foreign policymakers. From there: The Party’s findings on Ma Xingrui, questions that remain unanswered, and cadre risk aversion for the next 18 months. Then: PRC messaging around openness in AI, an ongoing U.S. debate over open-source AI models, three chip bills that may end up in the NDAA, and the continued adventures in China policy on Capitol Hill. At the end: Reflections on the 10th anniversary of The Hague ruling on the PRC’s territorial claims in the South China Sea, as well as the state of play today.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

Xi to speak at WAIC; Preparing for July Politburo meeting on the economy; Unemployment at 10.2%?; Another American arrested for spying — Sinocism

Ma Xingrui case; Trade data; Themes for Xi’s WAIC speech; Kevin Rudd on Xi and China — Sinocism

China’s Q2 economic growth cools to 3-1/2-year low as imbalances worsen — Reuters

China’s Trade Surplus With EU Hits Record as Tensions Intensify — Bloomberg

Calibrate the Course of AI for Good, Jointly Build a Universally Beneficial and Inclusive Future — Sinocism Translation

WP Intelligence’s AI & Tech Brief — The Washington Post

When China’s open-source AI is a trap — The Economist

A Framework for Frontier AI and the Dawning of a New Age — Demis Hassabis

Chips bills poised for NDAA ride — Punchbowl News

Nvidia halves Asia buyer list in China chip crackdown — Financial Times

Born to be Alive — China Articles

Joint Statement on the Tenth Anniversary of the Philippines-China South China Sea Arbitral Tribunal Award — U.S. Department of State

South China Sea: Statement by the High Representative on behalf of the EU on the tenth anniversary of the Arbitral Award between the Philippines and China — Council of the European Union

Yang Hansen Summer League Highlights — NBA

On today’s show Andrew and Bill begin with Monday’s SLBM test from the PLA Navy, including questions surrounding its timing and location, regional angst, and a reminder that the PLA continues to enhance its nuclear triad capabilities. Then: Two new PLA generals are promoted while rectification continues and five CMC seats remain vacant, and reactions to last week’s shocking CITIC plane crash and a major security breach in Beijing. From there: An emailer asks about America’s interests in maintaining the Taiwan status quo, Beijing considers limiting access to advanced AI models, the knives are out for Jeffery Kessler at BIS, and the White House preps for Xi’s visit in September. At the end Questions about the release of pastor Ezra Jin, context for the U.S. sentencing of disgraced tycoon Guo Wengui, and the Washington Wizards get a letter from Rep. John Moolenaar.

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Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

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Floods and Xi’s instructions; PRC to limit access to top AI models?; PBoC policy support for Hong Kong; Tax burden on private firms — Sinocism

Two new PLA generals; Submarine-launched missile test; Ezra Jin released; “Routine” patrols of waters east of Taiwan — Sinocism

China’s SLBM Test Underscores the Importance of a Ballistic Missile Launch Notification Agreement — CSIS

China conducts rare submarine-launched ballistic missile test, angering Pacific neighbors — CNN

China test fires missile into Pacific, alarming regional powers — Reuters

A small plane hit Beijing’s tallest tower. Much remains unclear. — Reuters

Beijing is looking at curbing overseas access to China’s top AI models, sources say — Reuters

‘A massive screw-up’: China hardliners take aim at Commerce Department official — Politico

Trump speeds up helipad project ahead of Xi visit, adding $875K, records show — Washington Post

China Raises Pressure on Taiwan With Expanded Coast Guard Patrols — New York Times

China releases Christian pastor after appeal from Donald Trump — Financial Times

Chinese tycoon sentenced to 30 years in US jail — BBC

Select Committee: Owner of Capitals, Wizards Should Cut Ties with Chinese Military Company Alibaba — China Select Committee

Erling Haaland + a 195-year-old Chinese herbal tea? Yes, really. 😮 — YouTube

On today’s show Andrew and Bill begin with Xi Jinping Thought on Party Building and further signs that one year after from a summer of rumors and one year out from the 21st Party Congress, Xi’s power remains entrenched as ever. Then: MOFCOM and the Ministry of Finance announced restrictions on several dozen US firms, the global memory chip shortage is an opportunity for CXMT and YMTC, what to make of the U.S. government’s scrutiny of ASML, and Elon Musk’s alarm over the West’s China vulnerabilities. At the end: Takeaways from the EU Council meeting on China, Germany’s push for PRC currency revaluation, structural forces that yield EU inertia, and emails on Chinese soccer, space warfare, and the Jim Cramer of weather.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

Li Qiang inspects Dalian; Response to US expansion of China military companies list; Contaminated diapers; No “Plaza Accord” to help the EU; Invest in China — Sinocism

Introduction to the Main Entries in Volumes One and Two of the Selected Works of Xi Jinping on Party Building — Sinocism Translation

Xi Jinping’s Thought on Party Building and the Four Major Changes in CCP Governance — China Thought Express

China Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash — New York Times

Why the Memory Crunch Is Almost Impossible to Solve — Wall Street Journal

Loosening Export Controls on China’s Memory Chip Makers — Jimmy Goodrich

Memory Chips and China, Microsoft and Chinese Models — Stratechery

US senators increase pressure on Apple over possible Chinese chipmaker deal — Financial Times

US Tells ASML It’s Concerned China May Have Top Chip Tool — Bloomberg

Netherlands to join US-led Pax Silica AI initiative despite ASML dispute — Reuters

Germany backs EU’s tough China line with call for ‘Plaza Accord’ talks on yuan — SCMP

The world does not need a new ‘Plaza Accord’: Global Times editorial — Global Times

Europe’s Final Warning — Sharp Text

Germany is wavering on China (again) — Watching China in Europe

Why China is so bad at football — The Economist

On today’s show Andrew and Bill begin with takeaways from Xi’s visit to North Korea this week, including the conspicuous silence on North Korea’s nuclearization, Kim Jong Un’s assistance to Russia’s war in Ukraine, Beijing as Kim’s top priority, U.S.-Japan dialogue on regional nuclear threats, and an email about the PRC as a communist country. From there: CPPCC Chairman Wang Huning leads an inspection tour of Xinjiang ahead of the July 1st implementation of the national ethnic unity law, plus thoughts on Xinjiang’s strategic importance generally and why Beijing sees its recent efforts as successful. At the end: China preps for an AI infrastructure buildout, the Pentagon alleges that Alibaba, Baidu and BYD are linked to the PLA, the Busan truce is being tested by both sides, and two Knicks stars wish students good luck on the GaoKao.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

Xi concludes his visit to North Korea; Wang Huning inspects Xinjiang; Nationwide AI compute network buildout; Chip controls; Rare earths — Sinocism

Xi in North Korea; Li Qiang on future industries; Cai Qi now Party School President; MSS on AI “transfer stations”; Updates to US “Chinese Military Companies” list — Sinocism

Joint Statement on the June 2026 U.S.-Japan Extended Deterrence Dialogue — U.S. State Department

Ethnic Unity Law Codifies ‘Chinese’ Identity — Jamestown

China Preps $295 Billion Plan to Fund Nationwide AI Buildout — Bloomberg

Pentagon Accuses Alibaba, Baidu of Aiding China’s Military — Bloomberg

US business group says some critical minerals are ‘nearly unobtainable’ from China — Reuters

Jalen Brunson Wishes Chinese Students Good Luck on the GaoKao — X

Sinocism Live: Understanding China’s Exam-centric Education System — Sinocism

On today’s show Andrew and Bill begin with Xi Jinping’s call to seize the commanding heights of science, technology, and industry across six industries of the future, as well as the State Council’s move to release a 34-article law that will implicate domestic firms, foreign businesses and potentially foreign governments, as well as PRC financial institutions and individual investors. From there: Reactions to Secretary of War Pete Hegseth’s remarks at the 2026 Shangri-La Dialogue, why an absence of Taiwan mentions in his main speech is not necessarily seen in Beijing as a shift in policy, and questions regarding U.S. partnerships elsewhere in the region. At the end: The looming trade tensions between Europe and China, the expulsion of New York Times journalist Vivian Wang, the 37th anniversary of the Tiananmen Square massacres, and Steph Curry’s new endorsement deal with Li-Ning.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

New regulations on outbound investment; Qiushi on future industries; Chip export control dysfunction; Shangri-La Dialogue; EU-China — Sinocism

Agricultural and rural modernization; Socialist political economy; UK-PRC; PRC media in Africa — Sinocism

China Tightens Rules on Outbound Investment in Fight for Global Tech Edge — Wall Street Journal

State Council Regulations on Outbound Investment — Sinocism Translation

China Expands Outbound Investment Rules to Cover Individuals — Bloomberg

Pete Hegseth says US-China ties are ‘better than in years’ — Financial Times

Hegseth’s Message to Asian Partners: Do More to Get More — New York Times

Japan’s defence minister Koizumi rejects China accusations of ‘new militarism’ — Financial Times

Brussels fires starting gun on tougher China trade policy, as Beijing vows retaliation — SCMP

Watching China in Europe - June 2026 — Noah Barkin

After China Orders a Times Reporter to Leave the Country, the U.S. Reciprocates — New York Times

Tiananmen Tonight Trailer — Tiananmen Tonight

Vandals break into Tiananmen crackdown museum in US, founder says — Hong Kong Free Press

On today’s show Andrew and Bill begin with the news that Beijing moved to further ease hukou restrictions, including why this is a welcome change for millions of Chinese citizens, as well as a look at questions and challenges as the reforms are implemented. Then: A report that Chinese AI talent has been restricted from leaving China, while Beijing continues its efforts to control capital outflow and offshore investments. From there: Indications that the US has indeed paused its second tranche of arms sales to Taiwan, and more details on a US-China board of investment. Then: PRC-Japan updates, including reports of Takaichi recriminations from Xi in his meeting with Trump, heavy rare earth shipments restricted for the past four months, the cards Japan has yet to play, and Mao’s strategic stalemate as a stage of protracted war, not an endgame. At the end: An American journalist for Xinhua and other state outlets is arrested and accused of acting as an unregistered agent of the CCP.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

Wang Yi at the UN; American Xinhua “journalist” arrested; Keeping AI talent at home; Recalculating carbon intensity; Another WMP blowup — Sinocism

Xi meets Pakistan PM and Serbian President; Coal mine explosion; Delinking basic public services from hukou; Crackdown on overseas trading; AI — Sinocism

China removes hukou hurdle for migrant workers in social insurance shake-up — SCMP

China Expands Travel Curbs to Top AI Talent at Private Firms — Bloomberg

DeepSeek, a National Treasure in China, is Now Being Closely Guarded — The Information

China Traders Hit Exit After Offshore Trading Curbs — Bloomberg

Iran war, China thaw complicate U.S. support for Taiwan — Washington Post

US warns Japan of severe delays in Tomahawk deliveries due to Iran war — Financial Times

Pentagon official’s Beijing visit in doubt over $14bn US arms package for Taiwan — Financial Times

Xi Jinping railed against Japan’s ‘remilitarisation’ at Donald Trump summit — Financial Times

China squeezes Japan over rare earths in repeat of 2010 showdown — Reuters

Affidavit in Support of Criminal Complaint — Politico

“I would make the world’s worst spy ever” — Too Simple, Sometimes Naive

On today’s show Andrew and Bill parse the messaging from both sides of last week’s US-China summit in Beijing. Topics include: What the PRC means by “a constructive relationship of strategic stability,” why the US side adopted the framing as well, a relative absence of tangible deliverables, and why “a calculated stalling tactic from both sides designed to manage risk” may be a more accurate rendering of the status quo. From there: Trump’s various comments on Taiwan spark concern and questions, plus notes on Rubio, Ratner, an indictment of Chinese shipping magnates, and an Iran ceasefire Xi calls “imperative.” At the end: Vladimir Putin’s visit to Beijing, questions for the EU, and more bad news for Nvidia in China.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

US-China summit outcomes; Constructive relationship of strategic stability; Taiwan; Putin to Beijing; Li and Ding on AI — Sinocism

Putin arrives in Beijing; US indicts PRC container firms and executives; Developing Party members; Tracking foreigners — Sinocism

Two Readouts, One Deal — Sinocism Chart

CIA Director John Ratcliffe met with Raul Castro’s grandson in Havana, US and Cuban officials say — AP

Rubio, Once a China Hawk, Strikes Softer Tone to Align With Trump — New York Times

U.S. probing whether Chinese companies cut production of shipping containers before COVID pandemic — CBS News

Xi Warns Against Resuming Iran Attacks After Meeting Putin in Beijing — Bloomberg

Chaos erupts behind the scenes of Trump’s China trip — including trampled White House aide — New York Post

Joint Declaration of the Russian Federation and the People’s Republic of China on the Emergence of a Multipolar World and International Relations of a New Type — Telegram

Xi Jinping told Donald Trump that Putin might ‘regret’ invasion of Ukraine — Financial Times

China banned Nvidia’s gaming chip during Jensen Huang’s visit — Financial Times

On today’s show Andrew and Bill talk through 360 degrees of President Trump’s trip to Beijing this week. Topics include: Jensen Huang hitching a ride in Alaska, general expectations for deliverables after limited leaks and hurried advance planning, Trump’s reception in Beijing, and the limits of “upper hand” analysis. From there: A coterie of billionaire CEOs make the trip with Trump, a US Chamber of Commerce/Rhodium Report report warning about the PRC’s industrial strategy, and Trump makes overtures about “opening” China. At the end: Questions on Taiwan arm sales and AI cooperation, the expected talks on Ezra Jin and Jimmy Lai, a trillion dollar investment report that went viral eight months later, Xi’s calculus before a 21st Party Congress, the Iran question looming over the week’s meetings, and big, fat hug speculation.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

Trump China visit; China’s Next Generation Industrial Policy; Standardizing and developing AI agents; No more deflation?; Ding Xuexiang visits Huawei — Sinocism

Jensen Huang hitching a ride — Emily Goodin: @Emilylgoodin

A weakened Trump arrives at Xi’s court — Financial Times

Trump on Opening China — Truth Social: @realDonaldTrump

Trump is taking more than a dozen U.S. executives to China. Jensen Huang isn’t one of them — CNBC

China expanding its industrial dominance, warns US business group — Financial Times

China’s Next-Generation Industrial Policy — Rhodium

Donald Trump demands Xi Jinping ‘open’ China to US business — Financial Times

Xi Is Poised to Press Trump on Arms Sales to Taiwan — New York Times

U.S. and China Pursue Guardrails to Stop AI Rivalry From Spiraling Into Crisis — Wall Street Journal

Families of two Americans jailed in China urge Trump to seek their release — Reuters

Jimmy Lai is not forgotten as Trump goes to China — Washington Post

US-China Relations Cannot Return to the Past, But Can Have a Better Future—On the Occasion of the China-US Heads of State Meeting—— - Guo Jiping — People’s Daily (Sinocism Translation)

Is Trump About to Invite In the Biggest Predator in the World? — NYT

Team Chyyyyyna — Lara Trump: @LaraLeaTrump

On today’s show Andrew and Bill begin with the news that the Meta-Manus deal will likely be unwound in its entirety in the wake of a ruling from the NDRC on Monday. Topics include: The legal grounding cited by Beijing, reports that Manus failed to seek regulatory approval prior to its relocation and acquisition, Mark Zuckerberg as the photo negative of Tim Cook, Beijing’s signal to the AI ecosystem, and why fears of chilled innovation may be slightly overstated. Then: Takeaways from April’s Politburo assessing the economy after Q1, including a nod to the Iran war, no signs of stimulus, and why cracking down on involution is easier said than done. At the end: The MSS argues that foreign forces are driving the “lying flat” campaign, while the U.S. quietly applies pressure on a variety of fronts in advance of May’s meeting between President Trump and Xi Jinping.

Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year.

Bill Bishop is the author of Sinocism

To email the show: [email protected]

@SharpTechPodcast Channel — YouTube

@Stratechery Channel — YouTube

April Politburo meeting; Manus mess; Hostile foreign forces encouraging “lying flat”; New US semiconductor restrictions? — Sinocism

Managing new employment groups; NDRC wants Manus deal unwound; US-China AI discussion; Alleged MSS hacker extradited to US — Sinocism

China blocks Meta’s $2bn purchase of AI group Manus — Financial Times

Meta Is Preparing to Have to Undo Its Manus Acquisition After China Ban — WSJ

Blocking of Meta’s AI startup buy raises risk for cross-border China tech deals — Reuters

What is Meta’s China exposure? — Mobile Dev Memo

China targets ‘zombies’ with regulatory headshots to kill off subsidised laggards — SCMP

Foreign Organizations are Heavily Funding “Lying Flat Influencers” and Systematically Conducting “Lying Flat Brainwashing” — MSS (Sinocism Translation)

China’s Age of Malaise — New Yorker

Exclusive: US orders chip equipment companies to halt some shipments to China’s No. 2 chipmaker Hua Hong — Reuters

Treasury Warns of Sanctions Risks Linked to China-Based Independent “Teapot” Oil Refineries — US Treasury Dept.

Economic Fury Targets Global Network Fueling Iran’s Oil Trade and Shadow Fleet — US Treasury Dept.

Exclusive: US orders chip equipment companies to halt some shipments to China’s No. 2 chipmaker Hua Hong — Reuters

White House accuses China of ‘industrial-scale’ theft of AI technology — FT

DeepSeek’s new AI model does not wow markets in fast-changing industry — Reuters