SAMR has penalised the two electronics firms for procedural violations in their now-collapsed asset sale, the latest signal of Beijing’s tightening merger-enforcement posture. China’s State Administration for Market Regulation has fined Luxshare Precision Industry and Wingtech Technology for violations in connection with their now-unravelling asset sale, according to a Reuters report on Wednesday. The fine […]<br /> This story continues at The Next Web [...]
Wingtech Technology has filed a lawsuit against its own subsidiary, Nexperia, in a Chinese court. The case, lodged at the Dongguan Intermediate People’s Court, seeks at least 8 billion yuan, roughly [...]
China is on track to dominate consumer artificial intelligence applications and robotics manufacturing within years, but the United States will maintain its substantial lead in enterprise AI adoption [...]
UK’s Ofcom has fined 4chan a total of £520,000 ($690,000) over the website’s failure to comply with the rules of Online Safety Act 2023. The biggest chunk of the amount came from 4chan’s failur [...]
The UK’s media regulator has opened a formal investigation into X under the Online Safety Act. "There have been deeply concerning reports of the Grok AI chatbot account on X being used to creat [...]
The European Commission (EC) has been firing on all cylinders in holding big tech to account through various fines and enforcement actions, attempting to create a more competitive landscape in a space [...]