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Chinese Nationals Charged for Exporting AI Chips to China Illegally

Chinese Nationals Charged for Exporting AI Chips to China Illegally

Aug 06, 2025
CNBC

Two Chinese nationals face charges for illegally exporting millions of dollars' worth of advanced AI chips from the U.S. to China via Malaysia and Singapore between October 2022 and July 2025, violating U.S. export controls restricting China's access to cutting-edge semiconductor technology for AI applications.

Geopolitics Legal Hardware
Apple Surges on iPhone Boost, Doubles Down on AI Investments

Apple Surges on iPhone Boost, Doubles Down on AI Investments

Aug 01, 2025
CNBC

Apple surges on a 13% increase in iPhone sales, reporting 10% revenue growth, its biggest since December 2021; CEO Tim Cook vows to 'significantly grow' AI investments, open to acquisitions accelerating its AI roadmap, while seeing a 4% sales boost in China aided by device subsidies.

Hardware Business Funding
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