Business
TikTok has taken legal action against Montana after the state banned the social media app, marking the first statewide prohibition of TikTok in the US. The Chinese company argues that the ban is unconstitutional and that Montana’s claim that TikTok shares data with the Chinese government is based on “unfounded speculation”.
Apple has announced an agreement with Broadcom, a major American semiconductor manufacturer, to supply 5G components for the iPhone. In response to claims that it relies on China for device assembly, Tim Cook, Apple’s CEO, stated that all “of Apple’s products depend on technology engineered and built here” in the US.
China has overtaken Japan as the world’s largest exporter of cars in the first quarter, largely due to its expanding production of electric vehicles. China exported over 1 million vehicles in total during the three months, compared to Japan’s 950,000.
2023-05-25 07:59:03
Post from www.economist.com