Friday, March 15, 2024

Sources: China quietly asks EV makers like BYD and Geely to sharply increase their purchases from local chipmakers, to reduce reliance on Western imports (Bloomberg)

Bloomberg:
Sources: China quietly asks EV makers like BYD and Geely to sharply increase their purchases from local chipmakers, to reduce reliance on Western imports  —  - Directive could hurt Nvidia, NXP and other EV chip suppliers  — Order is a response to US efforts to curb Chinese chip tech



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Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in international payments to counter Western sanctions (Gleb Bryanski/Reuters)

Gleb Bryanski / Reuters : Russia's finance minister says Russian companies have begun using bitcoin and other digital currencies in i...