Torbjørn Færøvik's Blog, page 23

Trump Administration Restricts Samsung Chipmaking in China

The United States is tightening restrictions on foreign chipmakers in China, revoking special authorizations that had allowed South Korea's Samsung and SK Hynix to access American semiconductor manufacturing equipment.The move ends exemptions the Commerce Department granted in 2022 when it imposed sweeping limits on U.S. technology sales to China. Without those authorizations, the companies will

White House Reacts to Report of 'Chinese Peacekeepers' in Post-War Ukraine

The Trump administration has denied any support for Chinese peacekeepers in a hypothetical demilitarized zone as proposed in peace talks with Ukraine and Russia as the three nations continue to seek a path towards resolving the ongoing war.The Financial Times first reported that President Donald Trumphas entertained Russian President Vladimir Putin's suggestion to invite China to supply

Xi, Putin, Modi won’t agree on anything important at SCO summit

The upcoming summit of the Shanghai Cooperation Organization (SCO) in Tianjin, China, from August 31 to September 1, will be the organization’s largest gathering of heads of state to date. It comes at a time when the existing liberal international order is rapidly disintegrating. But rather than offering a concrete new order, the SCO demonstrates the persistent difficulties that anti-liberal

China’s EV takeover driving global supply chain revolution

Investors are paying attention because this is no longer a domestic industrial story but rather marks a fundamental realignment of the world’s automotive and energy supply chains, with profound implications for capital markets. A decade ago, Chinese automakers were dismissed as imitators lacking sophistication. Today, they are the industry’s pacesetters. BYD has eclipsed Tesla in global EV

Two Giants: China and India Shaping the Global Economy

China and India have emerged as influential players in a highly transformed global economic landscape. While China’s economic importance is well established, India’s growing prominence is increasingly capturing global attention. Their substantial share of the world’s population and economic output positions them as key drivers of global growth.Beyond global economic importance, China and India

On India-Japan table: Security to economy, energy to digital ties

As Prime Minister Narendra Modi heads to Japan on August 29-30, the two sides are expected to upgrade the 2008 Joint Declaration on Security Cooperation, launch an economic security initiative on semiconductors, Artificial Intelligence and critical minerals, and increase the investments’ target to 7-10 trillion Yen, The Indian Express has learnt.Modi and his Japanese counterpart, Shigeru Ishiba,

Look forward to meeting Xi, Putin, says PM Modi, flags shared challenges

Setting out on a two-nation visit that is being keenly tracked, Prime Minister Narendra Modi said Thursday that he will be meeting Chinese President Xi Jinping and Russian President Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation summit which is being held in Tianjin near Beijing from August 31 to September 1.Modi, who left New Delhi for Tokyo Thursday night, will travel

Modi Tells Country to Buy Indian in Face of Trump's Tariffs

Prime Minister Narendra Modi has urged Indians to opt for homegrown products as the coutry's industries come under threat from U.S. President Donald Trump's steep tariffs. During a speech on Monday, translated by Indian news outlet Firstpost, Modi encouraged citizens to adopt the "mantra" that whatever they purchase must be "made in India.""I appeal to the citizens of our country to

Damaged Chinese ship now under repair, satellite images show

The Chinese coast guard ship that was damaged in a collision with another Chinese vessel in the South China Sea earlier this month is now being repaired at Hainan Island, according to satellite images published by Reuters. The news agency reported Wednesday that images show the vessel with a crushed bow near a dry dock at the Yulin naval base near Sanya, a city on Hainan.The Philippine navy

Russian and Chinese submarines conduct first-ever joint patrol in Pacific

Russia and China have conducted their first-ever joint submarine patrol in the Pacific, according to reports in state-run media.The patrol by diesel-electric submarines began in early August, and the Russian sub involved, the Volkhov, covered around 2,000 miles during its voyage from its Vladivostok base, according to a statement from the Russian Pacific Fleet. The subs patrolled in the Sea