The outcome of the US presidential election will not change the course of the tech conflict with China. Both Republican Donald Trump and Vice President Kamala Harris are expected to intensify measures aimed at limiting China’s access to American technology and resources, although their strategies will differ.
Harris is likely to adopt a focused, multilateral approach, building on Biden’s tactics by working with allies to curb the flow of advanced technology to China. In contrast, Trump’s strategy could include sweeping measures, such as expanding tariffs and aggressively enforcing export controls, possibly escalating tensions with allies who resist the US lead.
Both candidates aim to curb China’s technological advancement and its military capabilities. Harris has pledged to ensure the US remains at the forefront of the global technology race, while Trump continues to advocate for higher tariffs and tough restrictions, including denying China access to essential components like AI chips.
China has already responded to recent US actions by imposing restrictions on exports of critical materials, such as graphite and rare earths. Experts warn that the US should exercise caution, as some industries remain reliant on Chinese resources. The tech war will likely see new fronts, including connected devices, as the conflict deepens under the next administration.
Intel has won a significant victory in a legal battle that spanned nearly two decades, as the European Union’s Court of Justice ruled in its favour on Thursday. The court dismissed an appeal by the European Commission, which had accused the US chipmaker of anti-competitive practices aimed at undermining rival Advanced Micro Devices (AMD).
The dispute centred on Intel offering rebates to major computer manufacturers, such as Dell, Hewlett-Packard, NEC, and Lenovo, for primarily using Intel chips. EU regulators had fined Intel €1.06 billion, arguing the rebates were intended to block AMD’s market share. However, Intel consistently challenged the fine, asserting that regulators failed to prove any anti-competitive impact from the rebates.
Earlier this year, Intel’s case gained momentum when a legal adviser indicated that EU regulators had not sufficiently conducted an economic analysis to support their claims. This led to the court’s final decision to overturn the fine, bringing the lengthy legal struggle to a close.
Arm Holdings is cancelling a key architectural license agreement with Qualcomm, escalating the legal dispute between the two companies. According to a Bloomberg News report, Arm has given Qualcomm a 60-day notice to terminate the agreement, which allows Qualcomm to design chips using Arm’s intellectual property. The two tech giants have been embroiled in a legal battle since 2022 when Arm sued Qualcomm for not renegotiating the license after its acquisition of chip startup Nuvia.
Qualcomm criticised Arm’s decision, calling it a ‘desperate ploy’ to disrupt the upcoming trial, which is set to begin in December. Qualcomm claims its rights under the agreement will be upheld and accuses Arm of anti-competitive behaviour. The dispute could impact shipments of laptops using Qualcomm’s chips, including Microsoft’s Copilot+ devices, and potentially reverse Qualcomm’s acquisition of Nuvia.
Despite the tensions, some analysts expect the companies to reach a settlement before the trial. A legal victory for Arm could have significant consequences for Qualcomm and its partners.
Taiwan Semiconductor Manufacturing Company (TSMC) has notified the US government about a potential breach of export controls involving Huawei. TSMC suspects that the Chinese tech company may be attempting to work around US restrictions that ban the chipmaker from producing advanced AI chips for Huawei, a target of American trade curbs since 2020.
The US imposed these controls to limit China’s access to high-end semiconductors, crucial for developing military technologies. While TSMC claims it hasn’t supplied Huawei since mid-2020, a recent customer order for a chip similar to Huawei’s Ascend 910B has raised concerns. The AI chip in question is designed for training large language models, a key area of competition in the tech rivalry between Washington and Beijing.
TSMC promptly reported the situation to the US Commerce Department, although no investigation has been launched against the company. The US and Huawei have yet to comment on the matter.
Portuguese startup Sensei, specialising in contactless store technology, has secured €15 million in a Series A funding round led by BlueCrow Capital. The investment also saw participation from Lince Capital, Explorer Investments, Kamay Ventures, and existing backers like Metro AG and Techstars Ventures. This follows Sensei’s 2021 seed round of €5.4 million.
Sensei aims to establish 1,000 fully autonomous retail points by 2026, with current operations in Portugal, Spain, France, Italy, and Brazil. The company uses AI-powered sensors and computer vision to automate checkout, offering customers a seamless shopping experience and real-time store management for retailers.
As competition heats up in the contactless retail space, Sensei is up against major players like Standard Cognition, Trigo, and AiFi, which have raised substantial funds to develop similar technology.
The competition between Elon Musk and Mukesh Ambani is intensifying as they vie for dominance in India’s emerging satellite broadband market. After India’s government decided to allocate satellite spectrum administratively, rather than through auction, the stage is set for a fierce battle. Musk’s Starlink, which uses low-Earth orbit (LEO) satellites, is poised to enter the Indian market, while Ambani’s Reliance Jio has already partnered with Luxembourg-based SES, utilising medium-Earth orbit (MEO) satellites.
The stakes are high as satellite broadband promises to bring internet access to remote areas of India, helping to bridge the country’s digital divide. Both billionaires have taken opposing views on how the spectrum should be allocated, with Ambani pushing for an auction, while Musk argues for the administrative model, aligning with international standards. India’s telecom regulator has yet to announce spectrum pricing, but projections indicate that satellite internet could reach two million subscribers by 2025.
This rivalry underscores the vast potential of the Indian market, where nearly 40% of the population still lacks internet access. Both Musk and Ambani are vying to capture this untapped segment, but pricing will be critical, especially in a country where mobile data is among the cheapest globally. Analysts predict a price war, with Musk’s deep pockets potentially giving Starlink a competitive edge, though challenges remain due to Starlink’s higher costs compared to local providers.
Apple CEO Tim Cook met with China’s Minister for Industry and Information Technology, Jin Zhuanglong, during his recent visit to Beijing. During the meeting, Jin expressed hopes that Apple would continue expanding its presence in China, increasing innovation investments, and collaborating with Chinese companies. Apple has not commented on the meeting.
This visit marks Cook’s second trip to China in 2023. While in Beijing, he visited local sites and engaged with Chinese artists, as seen in his posts on the social media platform Weibo. Cook’s trip comes at a time when Apple faces increased competition in the Chinese smartphone market, particularly from domestic rival Huawei.
Apple launched its latest iPhones in China on September 20, the same day Huawei released its competing model. While early iPhone sales saw a 20% increase compared to the previous year, overall sales declined by 2% due to decreased interest in older models and the growing popularity of Huawei’s Mate and Pura series.
The US Consumer Financial Protection Bureau (CFPB) introduced new rules to boost open banking by giving consumers more control over their financial data. These regulations will allow people to share their information more freely when seeking services, promoting competition between financial technology companies and traditional banks, which have been slow to grant access to customer data. CFPB Director Rohit Chopra likened the move to the system that lets mobile phone users switch providers while keeping their numbers, noting that it could modernise US payment systems.
The rules include strong privacy protections, ensuring companies can only use consumer data for specific services requested and preventing unauthorised use. They will also enable consumers to transfer their financial data between institutions at no cost, borrow on better terms by sharing data with lenders, and make direct payments from bank accounts. Consumers will also be able to revoke access to their data at any time.
The rules were part of the 2010 Wall Street reforms following the 2008 financial crisis. Smaller banks are exempt, while larger fintech firms have until 2026 to comply, and smaller ones have until 2030. These adjustments were made after feedback from industry stakeholders and the public.
India is set to introduce new restrictions on the import of laptops, tablets, and personal computers starting in January, aiming to boost domestic manufacturing. This move could significantly impact the country’s IT hardware market, valued between $8 billion and $10 billion, which currently relies heavily on imports. The Indian government hopes to shift more production locally through this initiative, which is expected to reshape the industry.
The country previously attempted to limit imports of such devices but faced backlash and pressure from international companies, particularly from the US. At present, companies can import laptops into India through a simple online registration system. However, India’s Ministry of Electronics and Information Technology (MeitY) is now developing a new system that will require prior authorisation for imports.
India’s IT hardware market, which is worth nearly $20 billion, depends on imports for two-thirds of its demand, with much of it coming from China. To encourage local production, the Indian government has offered $2.01 billion in subsidies, attracting interest from major manufacturers such as Acer, Dell, HP, and Lenovo. Many of these companies are reportedly preparing to begin local manufacturing under India’s production incentive program.
Russia is taking significant steps to establish a domestic payment system that will allow for trade and international transactions independent of Western financial institutions. Prime Minister Mikhail Mishustin announced this initiative at the Moscow Financial Forum, emphasising the need for a principles-based approach to international trade. He highlighted that the government, the Bank of Russia, and the financial community will collaborate to create a new settlement infrastructure.
Mishustin explained that this system aims to enhance the transaction experience for Russian businesses and their international partners by ensuring equality among countries, maintaining payment confidentiality, and enabling instant transactions at minimal costs. Notably, he revealed that a substantial portion of settlements between Russia and China are already conducted in national currencies, accounting for around 70% of their transactions.
However, existing sanctions have disrupted trade flows between Russia and its key partners, such as Turkey and China, potentially affecting the nearly $300 billion in annual trade with these nations. While Mishustin did not specify whether the new system would differ from the BRICS Pay network recently tested by the bloc, he reiterated the importance of creating a robust alternative to foreign systems.
