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EU-China relations
EU conducts ‘dawn raid’ on Chinese security equipment supplier
...Brussels has raided the offices of a Chinese security equipment supplier, deploying new anti-foreign subsidy powers in a move that will further inflame tensions between the trading superpowers....
April 24, 2024
Ardian Holding SAS
Ardian’s £2bn UK music console maker deal marks buyout activity revival
...DiGiCo equipment was used in a concert to celebrate the late Queen’s platinum jubilee in 2022, as well as by pop stars including Natalie Imbruglia....
April 23, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News in-depthEU-China relations
Europe turns on China’s Nuctech after decade of awarding security contracts
...Nuctech, the Chinese security equipment supplier raided by EU authorities, has won more than 160 public tenders in Europe over the past decade despite national security warnings about the company’s products...
April 25, 2024
Semiconductors
South Korean chipmakers halt old equipment sales over fears of US backlash
...The person added that the company was still refraining from selling US-made equipment, which ranges from wafer grinders to etching machines....
March 12, 2024
Aerospace & Defence
Rishi Sunak expected to unveil new UK warship programme
...The National Audit Office said last year that the MoD’s equipment plan was facing its largest budget black hole in more than a decade....
April 20, 2024
News updates from April 4: British billionaire avoids prison for insider trading; Italy seizes assets in EU fund fraud case
Earthquake in Taiwan damaged TSMC chipmaking equipment
...TSMC said “critical tools”, including extreme ultraviolet lithography equipment, were undamaged....
April 4, 2024
FT Live
Inside Politics: who will win the UK general election?
Exclusively for FT subscribers
Wednesday, 8 MayDigital Conference
UK defence
Export potential of new equipment key for MoD procurement shake-up, says minister
...The export potential of new equipment will become crucial in assessing whether to buy kit for Britain’s armed forces in a move aimed at fixing the country’s disastrous record in defence procurement, according...
April 7, 2024
News updates from January 2: Drone strike kills senior Hamas leader, Tesla overtaken as biggest EV maker
Chipmaking equipment supplier ASML suspends some China exports
...Chipmaking equipment manufacturer ASML has been forced to curb some exports to China after the Dutch government partially revoked its export licence, the company said on Monday....
January 1, 2024
Japanese business & finance
Japan’s small EV battery suppliers feel the heat in race for scale
...The company manufactures factory equipment used to produce EV batteries....
April 24, 2024
Live news: EU launches probe into Chinese medical devices
Risers and fallers in Europe
...Big share prices moves in Europe today include British consumer goods company Reckitt, Paris-based Gucci owner Kering and Dutch maker of water processing equipment for semiconductor manufacturers ASM International...
April 24, 2024
Michelle Mone
Experts warn on libel tactics after Baroness Mone admits PPE Medpro links
...company that has been sued by the government....
November 10, 2023
LexASML Holding NV
ASML’s poor quarter is not a good reason to fret about its future Premium content
...The Dutch chipmaking equipment provider has issued what could have been a concerning set of quarterly results. Sales of €5.3bn came in at the midpoint of company guidance....
April 17, 2024
Markets InsightHuw van Steenis
Is the boom in private credit losing steam?
...Speciality finance lending looks a promising new seam for private credit companies to mine....
April 23, 2024
ASML Holding NV
ASML forecasts semiconductor rebound after first quarter disappoints
...The company left its guidance for 2024 unchanged. Shares in the group were down about 7 per cent on Wednesday....
April 17, 2024
Europe Express
How China’s Nuctech earned EU funds before being hit by EU raids Premium content
...The US has since 2020 warned of “its involvement in activities contrary to the national security interests of the US” and “security risks posed by Nuctech equipment . . . given the company’s control by the...
April 25, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
News updates from November 30: Global stocks record best month in 3 years on rate cut hopes, US oil production rises to fresh record
Peter Wennink to retire as chief of chipmaking equipment maker ASML
...Peter Wennink, chief executive of chipmaking equipment manufacturer ASML, will step down in April after more than a decade at the helm of what is now Europe’s most valuable technology company....
November 30, 2023
Live news: Russia’s deputy defence minister detained on suspicion of receiving a bribe
Chinese business group attacks EU anti-subsidy raid
...The China Chamber of Commerce to the EU has attacked what it called a “dawn raid” by European Commission authorities on a Chinese security equipment supplier in the Netherlands and Poland....
April 24, 2024
EU defence
Saab chief warns against EU defence protectionism
...Policymakers are keen to reverse the long-standing practice of countries purchasing US-made equipment....
April 21, 2024
Live news: News updates from November 22: Sam Altman to return as Open AI CEO, Far-right leader set to come first in Dutch elections
Deere tumbles on warning of softening agricultural equipment demand
...That led the Illinois-based company to pencil in fiscal year 2024 earnings of between $7.75bn and $8.25bn, below analysts’ expectations for $9.33bn....
November 22, 2023
News updates from November 23: Eurozone economy shows signs of bottoming out; Turkey lifts interest rates to 40%
Deere tumbles on warning of softening agricultural equipment demand
...That led the Illinois-based company to pencil in fiscal year 2024 earnings of between $7.75bn and $8.25bn, below analysts’ expectations for $9.33bn....
November 22, 2023
China Electronics Technology Group Corporation
China anti-graft agencies investigate top defence group executive
...Formed through the merger of 46 electronic research institutes and 26 state-owned companies, CETC has 200,000 employees, making it one of the biggest defence groups in the world....
April 9, 2024
LexBe Semiconductor Industries NV
Meet Besi — the European AI champion riding Nvidia’s coattails Premium content
...Even so, given the rest of Besi’s equipment sales have yet to truly burst ahead, the bet on Besi depends on hybrid bonding equipment....
February 23, 2024
News updates from April 18: Netflix profits surge; Jurors selected for Trump’s ‘hush money’ trial
Risers and fallers in Europe
...equipment provider led losses on the region-wide Stoxx 600 index, dropping 15 per cent in early trading after the company reported disappointing first-quarter sales and weak demand in China....
April 18, 2024
BT Group Plc
BT misses deadline on Huawei equipment ban
...BT has estimated the cost to the company to be £500mn for the total removal of Huawei equipment....
January 2, 2024
Semiconductors
Washington pushes allies to tighten China chipmaking restrictions
...The US is pushing Japan and the Netherlands to tighten restrictions on exports of chipmaking equipment to China, following a series of advances by blacklisted Chinese tech companies Huawei and SMIC....
March 7, 2024

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