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China holds emergency talks with chip firms after US curbs: Bloomberg News

China holds emergency talks with chip firms after US curbs: Bloomberg News

China’s Ministry of Industry and Information Technology convened a series of emergency meetings over the past week with leading semiconductor companies, seeking to assess the damage from the U.S. chip restrictions, Bloomberg News reported on Thursday. The ministry summoned executives from firms including Yangtze Memory Technologies Co (YMTC) and supercomputer …

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Freight down but other difficulties persist: logistics firms

Freight down but other difficulties persist: logistics firms

While freight rates have fallen sharply, logistics companies still face high warehouse costs and human resource shortages. At a business forum on Wednesday logistics firms said since August international freight has almost returned to normal pre-Covid levels though not domestic rates. The cost of shipping a container from Vietnam to …

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