Chinese Vice Premier He Lifeng (何立峰) is today to meet a US delegation for talks in the UK, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two powers.
He is to visit the UK from yesterday to Friday at the invitation of the British government, the Chinese Ministry of Foreign Affairs said in a statement.
He and US representatives are to cochair the first meeting of the US-China economic and trade consultation mechanism, it said.
Photo: KEYSTONE / EDA / Martial Trezzini via Reuters
US President Donald Trump on Friday announced that a new round of trade talks with China would start in London beginning today, after he spoke by telephone with Chinese President Xi Jinping (習近平) in a bid to end a bitter battle over tariffs.
The discussions would mark the second round of such negotiations between the world’s two biggest economies since Trump launched his trade war shortly after returning to the White House in January.
A first meeting, held last month in Geneva, brought a pause to the US-China trade dispute.
However, Trump then accused Beijing of not respecting the terms of the de-escalation agreement.
On Thursday, the Republican president discussed the issues with Xi for the first time since the trade tensions soared, assuring reporters that the conversation had been positive.
Xi for his part told Trump that the two should “correct the course” of bilateral relations, according to remarks quoted by official Chinese media.
Meanwhile, Beijing said it granted approval to some applications for the export of rare earths, a move that could ease tensions before upcoming trade negotiations between the US and China.
The Chinese Ministry of Commerce confirmed the approval of the applications without specifying which countries or industries were covered, even as it noted growing demand for the minerals in robotics and electric vehicles.
The ministry would continue to review and approve compliant export applications, it said in a statement on Saturday.
China granted temporary export licenses to rare-earth suppliers of the top three US automakers, Reuters reported on Friday.
The commerce ministry also said earlier on Saturday it would speed up approvals for qualified rare earth exporters to Europe.
Additional reporting by Bloomberg
AI SERVER DEMAND: ‘Overall industry demand continues to outpace supply and we are expanding capacity to meet it,’ the company’s chief executive officer said Hon Hai Precision Industry Co (鴻海精密) yesterday reported that net profit last quarter rose 27 percent from the same quarter last year on the back of demand for cloud services and high-performance computing products. Net profit surged to NT$44.36 billion (US$1.48 billion) from NT$35.04 billion a year earlier. On a quarterly basis, net profit grew 5 percent from NT$42.1 billion. Earnings per share expanded to NT$3.19 from NT$2.53 a year earlier and NT$3.03 in the first quarter. However, a sharp appreciation of the New Taiwan dollar since early May has weighed on the company’s performance, Hon Hai chief financial officer David Huang (黃德才)
The Taiwan Automation Intelligence and Robot Show, which is to be held from Wednesday to Saturday at the Taipei Nangang Exhibition Center, would showcase the latest in artificial intelligence (AI)-driven robotics and automation technologies, the organizer said yesterday. The event would highlight applications in smart manufacturing, as well as information and communications technology, the Taiwan Automation Intelligence and Robotics Association said. More than 1,000 companies are to display innovations in semiconductors, electromechanics, industrial automation and intelligent manufacturing, it said in a news release. Visitors can explore automated guided vehicles, 3D machine vision systems and AI-powered applications at the show, along
FORECAST: The greater computing power needed for emerging AI applications has driven higher demand for advanced semiconductors worldwide, TSMC said The government-supported Industrial Technology Research Institute (ITRI) has raised its forecast for this year’s growth in the output value of Taiwan’s semiconductor industry to above 22 percent on strong global demand for artificial intelligence (AI) applications. In its latest IEK Current Quarterly Model report, the institute said the local semiconductor industry would have output of NT$6.5 trillion (US$216.6 billion) this year, up 22.2 percent from a year earlier, an upward revision from a 19.1 percent increase estimate made in May. The strong showing of the local semiconductor industry largely reflected the stronger-than-expected performance of the integrated circuit (IC) manufacturing segment,
NVIDIA FACTOR: Shipments of AI servers powered by GB300 chips would undergo pilot runs this quarter, with small shipments possibly starting next quarter, it said Quanta Computer Inc (廣達), which supplies artificial intelligence (AI) servers powered by Nvidia Corp chips, yesterday said that AI servers are on track to account for 70 percent of its total server revenue this year, thanks to improved yield rates and a better learning curve for Nvidia’s GB300 chip-based servers. AI servers accounted for more than 60 percent of its total server revenue in the first half of this year, Quanta chief financial officer Elton Yang (楊俊烈) told an online conference. The company’s latest production learning curve of the AI servers powered by Nvidia’s GB200 chips has improved after overcoming key component
RSS