Sugon will be acquired by its subsidiary Hygon Information Technology after its suppliers can no longer source US chips due to sanctions.
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Summit saw President Xi call for the setting up of an SCO development bank to be expedited and more exchanges to counter the US…
The company said it would remain ‘independent and controllable’, and will continue to engage in ‘open collaboration’.
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The companies will now need to obtain licences to buy equipment for China, affecting sales and potentially aiding Chinese…
