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DCM Ventures, a Silicon Valley venture capital firm, began investing in China’s start-ups in 1999. The move reaped such blockbuster returns that in 2021, DCM said it planned to “double down” on its strategy of investing in China, the United States and Japan. Yet when DCM set out to raise money last fall for a new fund focused on very young companies and promoted its “cross-Pacific” expertise, the firm described plans to invest in the United States, Japan and South Korea, according to a fund-raising memo that was viewed by…
President Biden is expected to sign an executive order on Wednesday that will strengthen the government’s ability to respond to maritime cybersecurity threats, amid heightened concerns that China could seek to hobble crucial infrastructure systems within the United States. Anne Neuberger, the deputy national security adviser for cyber and emerging technology, previewed the executive order for reporters on Tuesday evening, saying it would broaden the powers of the Department of Homeland Security. She said that the order would also allow the U.S. Coast Guard to outline rules for establishing minimum…
The F.B.I., working with other countries, disrupted a Russian hacking operation that infiltrated more than 1,000 home and small-business internet routers in the United States and around the world, the Justice Department announced on Thursday. Russian intelligence, collaborating with cybercriminals, created a botnet, or a network of private computers infected with malicious software, to spy on military and security organizations and private corporations in countries like the United States. Using a court order, the F.B.I. secretly copied and deleted stolen data and malware from hacked routers. Doing this stopped Russia’s…
Did President Biden cunningly rig the Super Bowl so the Kansas City Chiefs would win? “I’d get in trouble if I told you,” Mr. Biden joked in his campaign’s inaugural post on TikTok, the Chinese-owned social media platform that has 170 million U.S. users but few high-level American politicians. The video then cut to an image of the “Dark Brandon” meme — another attempt from the campaign to flip a right-wing conspiracy theory on its head. Mr. Biden’s arrival to TikTok, and the lighthearted nature of his post, pointed to…
A congressional investigation has determined that five American venture capital firms invested more than $1 billion in China’s semiconductor industry since 2001, fueling the growth of a sector that the United States government now regards as a national security threat. Funds supplied by the five firms — GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and Walden International — went to more than 150 Chinese companies, according to the report, which was released Thursday by both Republicans and Democrats on the House Select Committee on the Chinese Communist Party. The…
In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container to China soared nearly twentyfold, Marco Villarreal spied an opportunity. In 2021, Mr. Villarreal resigned as Caterpillar’s director general in Mexico and began nurturing ties with companies looking to shift manufacturing from China to Mexico. He found a client in Hisun, a Chinese producer of all-terrain vehicles, which hired Mr. Villarreal to establish a $152 million manufacturing site in Saltillo, an industrial hub in northern Mexico. Mr. Villarreal said foreign companies, particularly…
The sweeping tariffs that former President Donald J. Trump imposed on China and other American trading partners were simultaneously a political success and an economic failure, a new study suggests. That’s because the levies won over voters for the Republican Party even though they did not bring back jobs. The nonpartisan working paper examines monthly data on U.S. employment by industry to find that the tariffs that Mr. Trump placed on foreign metals, washing machines and an array of goods from China starting in 2018 neither raised nor lowered the…
The Biden administration has begun pumping more than $2 trillion into U.S. factories and infrastructure, investing huge sums to try to strengthen American industry and fight climate change. But the effort is facing a familiar threat: a surge of low-priced products from China. That is drawing the attention of President Biden and his aides, who are considering new protectionist measures to make sure American industry can compete against Beijing. As U.S. factories spin up to produce electric vehicles, semiconductors and solar panels, China is flooding the market with similar goods,…
NASA has chosen the technology to help it land future spacecraft on unmapped planets. Meta uses the technology for artificial intelligence. Chinese engineers have turned to it to encrypt data. And it could represent the next front in the semiconductor trade war between the United States and China. The technology is RISC-V, pronounced “risk five.” It evolved from a university computer lab in California to a foundation for myriad chips that handle computing chores. RISC-V essentially provides a kind of common language for designing processors that are found in devices…