Weekly Tech Digest
Tensions over Technological Dominance

Huawei's founder and CEO, Ren Zhengfei, has admitted that the Chinese tech giant’s chips still lag behind the United States by one generation. This statement by state media comes amid ongoing tensions between the U.S. and China over technological dominance. Last month, Washington issued new guidelines cautioning companies against using Chinese-made AI semiconductors, specifically Huawei’s Ascend chips, warning they could violate U.S. export controls. Huawei continues to deny allegations that its equipment could be used for espionage by Beijing.

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Lifan-Mercedes Stake Transfer
Lifan နှင့် Mercedes ပူးပေါင်းဆောင်ရွက်မည်

Chongqing Qianli Technology has announced a strategic stake transfer to one of the world’s most iconic carmakers Mercedes-Benz Group. Chongqing Lifan Holdings, has agreed to transfer a 3% stake, totaling 135.63 million shares, to Mercedes-Benz at 9.87 yuan per share valuing the deal at approximately 1.34 billion yuan, or $187.9 million USD. Mercedes-Benz has committed not to reduce its shareholding for the next 12 months, signaling a strong long-term interest in the partnership. This move further strengthens the growing alliance between Geely and Mercedes-Benz,

Weekly Tech Digest

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