[ad_1] As TechCrunch points out, public reports by ByteDance and Oracle have differed on the terms of the proposed deal, and the president has made public statements that he would not approve any deal where the Chinese company retained partial ownership of the app. ByteDance has applied for an export license in China to facilitate […]
Category: Donald Trump
Trump approves TikTok deal with Oracle and Walmart ‘in concept’
[ad_1] The new company will also be required to have an IPO on a US stock exchange, and American ownership is expected to “grow over time.” The Commerce Department simultaneously created a window for the potential deal by delaying the ban on TikTok’s app by a week, until the end of September 27th. TikTok had […]
What we know about Trump’s ‘ban’ on TikTok and WeChat
[ad_1] The second date is November 12, when the Commerce Department says the service will face a more sweeping ban that will bar any use of TikTok at all. But this is hardly set in stone either. It notes that if TikTok can address Trump’s “national security concerns” before that date (which would likely entail […]
Samsung will stop supplying Huawei with phone chips amid US sanctions
[ad_1] Huawei has tried to reduce its reliance on foreign chip suppliers by sourcing components from SMIC, China’s leading chip foundry. However, the Trump Administration’s ongoing trade war with China may not make that a viable option for much longer. At the start of September, the Defence Department confirmed it might add the chipmaker to the same […]
US considers blocking deals with China’s largest chip maker
[ad_1] SMIC rejected the alleged defense connection in a statement. It insisted that it offers chips and services “solely” for civilian uses, and that it had “no relationship with the Chinese military.” SOS has defended the report and argued that SMIC was “deeply embedded” in military projects. The military links haven’t been firmly established, and […]
How TikTok got caught in the middle of a trade war with China
[ad_1] After weeks of threats, the president delivered an ultimatum to TikTok and its owner ByteDance: sell the app’s US operations to an American company or it would be banned. He gave the company little more than a month — until Sept. 15 — to find a buyer and figure out how to disentangle itself […]
Facebook slaps new label on Trump post about mail-in ballots
[ad_1] Facebook Previously, Facebook had labeled Trump’s post with a message encouraging users to visit the company’s voting information center. But that label, which is similar to ones the company has added to other voting-related posts, had been criticized for not taking a stronger stance on the president’s claims. Facebook’s new label comes after Mark […]
WeChat user alliance sues Trump administration over threatened ban
[ad_1] Attorneys also argued that many messaging app users were well aware of the potential for surveillance, including from the US. It was up to them to decide whether or not to use an app, not the government. The plaintiffs in the case hope to get a preliminary injunction that would block the order while […]
TikTok will sue the US over threatened ban
[ad_1] TikTok’s paths to staying alive in the US apparently include taking the government to court. In the wake of a Reuters report, TikTok has confirmed to CNBC that it plans to sue the Trump administration over an executive order banning transactions with parent company ByteDance. The lawsuit could be submitted as soon as next […]
TikTok executive says it has ‘multiple paths’ to stay alive in the US
[ad_1] Trump’s executive order cited national security concerns arising from a report by the Committee on Foreign Investment in the United States (CFIUS). “We’ve made it clear that we strongly disagree with the conclusions of CFIUS and we’re certainly disappointed in the outcome that we saw there,” Pappas said. “We still haven’t been presented with any […]