"According to a fact sheet published by the White House on Saturday, the talks resulted in China lifting restrictions on the export of rare earths - the minerals needed to make most high-tech products. Beijing also promised to "terminate its various investigations targeting U.S. companies in the semiconductor supply chain, including its antitrust, anti-monopoly, and anti-dumping investigations." At the time of writing, China is investigating Nvidia, Qualcomm, and memory-maker Micron."
"According to the White House, China will also "take appropriate measures to ensure the resumption of trade from Nexperia's facilities in China, allowing production of critical legacy chips to flow to the rest of the world." At the time of writing, Beijing appears not to have commented on, or confirmed, the White House's announcement. But the Chinese Ministry of Commerce has commented on Nexperia, the China-owned chipmaker whose products are essential to the automotive industry."
"Singapore Police last week conducted an "enforcement operation" and seized assets linked to Chen Zhi, an individual indicted by the US Department of Justice for wire fraud conspiracy and money laundering conspiracy, and for directing the operation of forced-labor scam compounds in Cambodia. The DoJ claimed those held captive in the compounds "engaged in cryptocurrency investment fraud schemes, known as 'pig butchering' scams, that stole billions of dollars f"
Trade talks between the United States and China produced eased restrictions, including China lifting rare-earth export limits and pledging to terminate several semiconductor-related investigations. The White House said China would take measures to resume trade from Nexperia's Chinese facilities to restore production of critical legacy chips. Beijing had not publicly confirmed the White House statements at the time of reporting, while the Chinese Ministry of Commerce blamed the Netherlands for the Nexperia dispute and signaled possible exemptions to an export ban. Separately, Singapore police seized assets linked to Chen Zhi, who was indicted by the U.S. Department of Justice over alleged large-scale cryptocurrency fraud and forced-labor scam compounds in Cambodia.
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