Tag Archive : tensions

/ tensions

Sheldon Cooper | LightRocket | Getty Images

Tensions around technology will remain between the U.S. and China, even if Democratic presidential nominee Joe Biden wins the U.S. election in November, according to an analyst.

Ties between the two economic giants have steadily worsened this year, as Washington increasingly targets Chinese tech giants from phone maker Huawei to video-sharing app TikTok. The Trump administration says Huawei and other Chinese technology companies could collect American user data and hand them over to Beijing, a claim both Huawei and TikTok have denied. 

“Imagine a scenario where Biden becomes president, I don’t think on the technology issues … (they) are going to go away in any meaningful manner,” said Taimur Baig, chief economist and managing director at DBS Group Research. “It may be less volatile, it may be more rules based, but the tensions will remain.”

In early August, President Donald Trump banned

Read More

Kioxia had planned to list on the Tokyo Stock Exchange on 6 October. Photo: Getty
Kioxia had planned to list on the Tokyo Stock Exchange on 6 October. Photo: Getty

The world’s second-largest maker of NAND flash memory chips, Kioxia is considering delaying Japan’s biggest initial public offering (IPO) as tensions between the United States and China ramp up.

Earlier this month, the company which spun out of Toshiba Corp (TOSBF) in 2018, set a tentative price range for an IPO in Tokyo to raise as much as $2.9bn (£2.3bn).

Toshiba has retained roughly 40% of Xioxia, with the rest held by a group of Japanese, US and South Korean investors.

The Japanese chipmaker was due to reveal its final pricing on Monday, instead Xioxia’s board is reportedly meeting on Monday to discuss its options, according to the Financial Times.

Kioxia had planned to list on the Tokyo Stock Exchange (JPXGY) on 6 October, at a valuation of more than $14bn. The company warned tighter

Read More