ByteDance, a Chinese company and its subsidiary TikTok, remain at the epicenter of international attention. The dispute between President Donald Trump's administration and the U.S. Senate has intensified over the decision to extend the deadline for selling TikTok's American assets. The main question is whether such a decision complies with legislative norms and contributes to eliminating the security threats repeatedly voiced by officials.
President Donald Trump has once again taken center stage, expressing confidence that a deal for the sale of the popular short-video app TikTok – owned by Chinese company ByteDance – will be completed before the looming deadline on Saturday. Back in January 2024, a strict condition was set: TikTok needed to secure a buyer who is not a Chinese citizen. Failure to do so would have led to a U.S. ban on the app due to national security concerns. Today, with TikTok boasting a user base of 170 million Americans, the stakes are high, as this issue resonates deeply not only within the tech community but also across global financial and regulatory landscapes.
Taiwan Semiconductor Manufacturing Co (TSMC) (2330.TW), a global leader in contract semiconductor manufacturing, has announced plans for significant expansion in the United States. This move involves a $100 billion investment aimed at building five additional chip manufacturing plants in the country. The company's CEO, C.C. Wei, highlighted these plans during a meeting with former US President Donald Trump, emphasizing the need to bolster domestic production.
Investment activist firm Ancora Holdings is increasing pressure on one of America’s largest steel producers, U.S. Steel $X. Amid ongoing legal battles and internal corporate strife, Ancora is demanding access to crucial documents, ranging from board meeting minutes to financial records. This move marks a pivotal moment in their effort to reevaluate the company's strategic leadership.
