Tag: BIDEN
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U.S. Expands Military-Linked List to Include Major Chinese Tech Firms
The Biden administration has added CXMT, Tencent, and CATL to its list of companies linked to the Chinese military, increasing tensions between the U.S. and China. Tencent and CATL both claimed their inclusion was erroneous, asserting no ties to military activities. While immediate sanctions are not imposed, being on the list poses reputational risks and…
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TikTok Ban Could Cost Major Cloud Providers Millions in Contracts
A court’s ruling upholding the divest-or-ban TikTok law threatens major cloud providers like Oracle, Amazon, and Microsoft, risking millions in contracts. The law prohibits these companies from providing services to TikTok post-deadline, leading to potential heavy fines. Oracle’s $1 billion hosting agreement and Microsoft’s contracts are particularly vulnerable, raising concerns over user data management and…