Reuters

The annual report for the Committee on Foreign Investment in the United States (CFIUS), first reported by Reuters, shows that Chinese investors filed 44 so- ...

CFIUS opened 130 investigations, compared with 88 last year. Before the 2018 law known as FIRRMA required filings and reviews for more types of transactions, including minority stake purchases by foreigners, China accounted for most investments in American critical technology in the 2016-2017 period, accounting for more than a fifth of the total. A Treasury official said that part of the increase in filings was due to such withdrawals and refilings, along with increased case complexity that results in more refilings to allow greater engagement by CFIUS to resolve security issues. Treasury Assistant Secretary for Investment Security Paul Rosen said in a statement that the department was taking "important and necessary measures to safeguard national security while also quickly clearing benign investments." CFIUS in 2021 reviewed a record 272 "covered notices" for transaction approvals, up sharply from 187 in 2020 and 236 in 2019, the report showed, with the greatest concentration in finance, information and services and manufacturing. The annual report for the Committee on Foreign Investment in the United States (CFIUS), first reported by Reuters, shows that Chinese investors filed 44 so-called "covered notices" seeking green lights for their deals in U.S. President Joe Biden's first year in office compared with 17 such filings in 2020.

Unity Software Inc , the U.S. developer best known for software used to design video games, is in talks to spin off its China unit to help it expand in the ...

Register now for FREE unlimited access to Reuters.com Progress has been further slowed by Unity's share price sinking 80% since its November 2021 high amid weakness in U.S. tech stocks, and by a product missing performance expectations, they said. Potential investors Unity has been speaking to have made big bets on the metaverse, they said. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

By Josh Ye, Julie Zhu and Kane Wu. HONG KONG (Reuters) - Unity Software Inc, the U.S. developer best known for software used to design video games, ...

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Geopolitical tensions are simmering as China embarks on an unprecedented six days of military drills surrounding Taiwan. Risks of escalation are mounting, warn ...

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A Chinese chipmaker is becoming Beijing's poster child for technological self-sufficiency. Hygon Information Technology is readying a $1.6 billion float ...

The implied valuation is roughly 316 times its 2021 earnings, according to the company. Register now for FREE unlimited access to Reuters.com At least there is plenty of vested interest in its triumph. The company also swung to a net profit from a net loss a year earlier. Hygon’s fortunes also will be felt in Beijing, where President Xi Jinping wants to reduce his country's reliance on foreign technology, especially in advanced semiconductors vital to strategic areas like artificial intelligence. Register now for FREE unlimited access to Reuters.com AMD says it has stopped selling products, providing services or transferring technology to the joint venture. The company in 2018 debuted a cutting-edge processor on par with Intel (INTC.O) and AMD. Its partnership with the latter allowed Hygon to license advanced chip designs and sell its production to local hardware manufacturers including Lenovo (0992.HK). Escalating U.S.-China tensions have dealt a huge blow to the business, however. HONG KONG, Aug 3 (Reuters Breakingviews) - A Chinese chipmaker is becoming Beijing's poster child for technological self-sufficiency. Register now for FREE unlimited access to Reuters.com Proceeds from its initial public offering will mostly go towards research and development, a spend the company has been ramping up since its blacklisting. Hygon may be little-known outside the People's Republic, but it is a rising star at home.