| | JUNE 20258IN FOCUSRen Zhengfei, the founder of Huawei Technologies Co., flouted one of the main issues plaguing Washington-Beijing trade talks by dismissing the effect of US export restrictions on China.Ren, one of the most well-known businessmen in the nation, expressed that he was unconcerned about Washington's attempts to stop US technology from reaching China's chip industry.To get results comparable to those of sophisticated semiconductor technology, domestic companies could use techniques like chip packaging or stacking.The founder of Huawei also voiced confidence that China can advance software and artificial intelligence, especially in an increasingly open-source environment. Depending on the conclusion of negotiations, Washington may also lift the limits the US has placed on Chinese companies' chip design initiatives.A second day of delicate talks between the US and China, which aim to reduce tensions over shipments of technology and rare earth materials, seems to be coincided with the widely displayed item. According to Lutnick, China's inability to produce large quantities of advanced semiconductors is an indication that American export restrictions are impeding its development.To create silicon as advanced as what Nvidia Corp. provides, Huawei has been using semiconductor packaging, also known as stacking, to create its most potent AI chips at Semiconductor Manufacturing International Corp.With advancements in semiconductors, electric vehicles, and artificial intelligence, Huawei has transformed from a manufacturer of telecom equipment and smartphones to one of China's national tech champions in recent years. Due to ongoing allegations of its connections to Beijing, it is also one of Washington's main targets. The business has emphasized time and time again that it is employee-run.Chinese AI competitors are stepping in to fill the gap left by US corporations leaving that industry, according to Nvidia CEO Jensen Huang in May, and their technology is getting more potent. Following the completion of its third-quarter board meeting this year, Singapore's state investment giant Temasek Holdings announced that former minister Teo Chee Hean will join its Board of Directors as Deputy Chairman on July 1 and take over as its fifth Chairman on October 9 once Lim Boon Heng leaves.As part of its board renewal process, the company announced that Stephen Lee, the director, and Cheng Wai Keung, the deputy chairman, will step down from their positions on June 30 after serving for eight and nearly fourteen years, respectively.After 11 years in office, Director Bobby Chin will likewise resign on July 31.They have influenced the company's investment and portfolio management decisions as well-known business executives with a wide range of specialties.It stated that Temasek's reputation for responsible stewardship and responsibility has been maintained in large part due to its worldwide perspectives on industry trends, tripartism, governance, and risk management.After 13 years as a Board Director, Lim will leave the Temasek board on October 9th, having served as Chairman for 12 of those years.It stated that under his direction, Temasek, its portfolio, businesses, employees, and the government now have a robust and reliable tripartite network.Teo, on the other hand, is a former political mainstay whose leadership has pushed Singapore's interests, notably in crucial fields like military and security, cybersecurity and technology, geopolitics, and climate change.Throughout his illustrious 53-year public service career, he successfully managed difficult situations both domestically and overseas.His extensive experience and strategic ideas will be invaluable to Temasek as it develops and expands as a global investment firm in a world that is changing quickly.The Singapore Armed Forces' (SAF) third-generation transition was also greatly aided by Teo's leadership.With its net portfolio value rising from S$223 billion ($181 billion) in March 2014 to S$389 billion ($302 billion) in March 2024, Temasek solidified its position as a worldwide investor under Lim's chairmanship. HUAWEI TECHNOLOGIES' FOUNDER DISMISSES IMPACT OF US EXPORT RESTRICTIONS ON CHINATEMASEK HOLDINGS WELCOMES TEO CHEE HEAN AS DEPUTY CHAIRMAN
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