Monday, December 2, 2024

The US adds new restrictions on transferring HBM chips to China, the fourth US attempt in three years to curb China, and adds 140 companies to its blacklist (Wall Street Journal)

Wall Street Journal:
The US adds new restrictions on transferring HBM chips to China, the fourth US attempt in three years to curb China, and adds 140 companies to its blacklist  —  Export of memory chips used in AI applications is restricted, but delayed announcement gives Chinese companies chance to stock up



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...