The Biden administration is proposing new rules to limit the "de minimis" exemption, which some Chinese e-commerce companies like Shein and Temu use to ship low-cost goods under $800 to U.S. customers without tariffs. The changes would subject certain shipments to closer inspection and tariffs, aiming to protect American consumers and businesses by ensuring a level playing field against Chinese platforms that have exploited this loophole. The Verge reports: Under the proposed rules, the US will prevent companies from claiming the de minimis exemption if their goods are covered by Section 301, Section 232, and Section 201 tariffs, which apply to products from China, steel, and aluminum, as well as washing machines and solar panels. In addition to slapping these shipments with tariffs, the rule change would subject them to closer inspection by US Customs and Border Protection.

The Biden administration said the proposal would help "protect consumers from goods that do not meet regulatory health and safety standards." Even though Shein is headquartered in Singapore, it's known for cheap fast fashion that's mainly manufactured in China. The China-based Temu sells clothes, household items, electronics, and a variety of other goods made in the country as well.

China's once-booming venture capital industry is experiencing a severe downturn, with the number of new startups plummeting from 51,302 in 2018 to just 1,202 in 2023, according to data provider IT Juzi. This decline is starkly evident in science parks and innovation hubs across the country, where vacant offices and abandoned equipment have become commonplace, according to a stunning FT story.

Industry insiders attribute the crisis to a combination of factors, including China's economic slowdown, heightened US-China tensions, and President Xi Jinping's policies targeting the tech sector. The government's anti-corruption drive and increased scrutiny of successful entrepreneurs have further dampened the private sector's enthusiasm. The funding landscape has shifted dramatically, with state-backed funds now dominating the market. This has led to more conservative investment strategies, favoring lower-risk sectors like advanced manufacturing over traditionally popular areas such as biotech and consumer technology. Founders face increasingly stringent terms, including personal liability for investments and asset checks. Many established VC firms are downsizing operations and exploring overseas opportunities.

With electricity demand from AI becoming so "crazy," Oracle's Larry Ellison announced the company is designing a data center that will be powered by three small nuclear reactors capable of providing more than a gigawatt of electricity. "The location and the power place we've located, they've already got building permits for three nuclear reactors," Ellison said. "These are the small modular nuclear reactors to power the data center. This is how crazy it's getting. This is what's going on." CNBC reports: Small modular nuclear reactors are new designs that promise to speed the deployment of reliable, carbon-free energy as power demand rises from data centers, manufacturing and the broader electrification of the economy. Generally, these reactors are 300 megawatts or less, about a third the size of the typical reactor in the current U.S. fleet. They would be prefabricated in several pieces and then assembled on the site, reducing the capital costs that stymie larger plants.

Right now, small modular reactors are a technology of the future, with executives in the nuclear industry generally agreeing that they won't be commercialized in the U.S. until the 2030s. There are currently three operational small modular reactors in the world, according to the Nuclear Energy Agency. Two are in China and Russia, the central geopolitical adversaries of the U.S. A test reactor is also operational in Japan.

South Korean police have arrested two former Samsung executives for allegedly leaking $3.2 billion worth of Samsung secrets to China to aid in building 20nm DRAM chips. Tom's Hardware reports: The authorities reported that one of the arrested suspects, 66-year-old Mr. Choi, set up a joint venture building chips in China alongside some local officials and served as its CEO. He was allegedly assisted by a plant designer, Mr. Oh, in this venture, while he also attempted to recruit other South Korean experts to work for him. However, Choi's arrest comes after being suspected of leaking Samsung memory technologies to build 20nm DRAM chips at the Chinese factory, Chengdu Gaozhen.

Samsung is one of the leading memory manufacturers, working with other major companies like Nvidia to produce VRAM while offering its own storage and memory solutions. The police said Choi's move "weakened the nation's competitiveness when the countries are in a global chip war." With the capture of the company's head, the authorities claim that this will stop the operation of the Chinese venture. However, investigators are still looking into the case to determine if other cases of industrial espionage will spring up from this case.

An anonymous reader shares a report: Over successive administrations, the U.S. government has used stiff trade restrictions to try to stifle the Chinese telecom giant Huawei. In turn, the company never misses an opportunity to show that it is still standing. Last year, at the tail end of a visit to China by Gina Raimondo, the U.S. commerce secretary, Huawei unveiled a smartphone that was powered by an advanced semiconductor made in China. The chip was exactly the kind of technology that the United States, in an effort led by Ms. Raimondo, had tried to prevent China from developing.

The Huawei phone, called the Mate 60 Pro, was heralded in China as the triumph of a national champion over American constraints. It sold out within minutes on Chinese e-commerce platforms. Many shoppers chose to pair their purchase with a phone case emblazoned with a photo of Ms. Raimondo's face. In the Chinese tech hub of Shenzhen on Tuesday, Huawei again made a bid for the spotlight with the announcement of a new device just hours after Apple introduced its iPhone 16 in California. Huawei's latest phone, the Mate XT, is heavy on novelty: It can be folded, twice [non-paywalled source].

The tablet-size device folds along two vertical seams to become the size of a typical phone. It is the first commercially available trifold smartphone. It comes in two colors, red and black, and will go on sale on Sept. 20. "It's a piece of work that everyone has thought of but never managed to create," said Richard Yu, Huawei's consumer group chairman. "I have always had a dream to put our tablet in my pocket, and we did it." The Mate XT, with a screen that measures 10.2 inches diagonally, is equipped with artificial intelligence-enabled translation, messaging and photo editing features. Mr. Yu also unveiled a thin keyboard that folds in half to the same size as the phone. He showed the audience how he carried both together in the pocket of his suit jacket. Starting at $2,800, the Mate XT is priced like a luxury product.

"China is on track to launch its Tianwen-3 mission to Mars in 2028, two years earlier than previously planned," writes the South China Morning Post, a change that one space policy research believes "suggests a rising confidence by China in its ability to get the technology right for the complex operation." On Thursday, Liu Jizhong, chief designer of China's Mars mission, told the Second International Conference on Deep Space Exploration in Huangshan, Anhui province, that the team aimed to bring back around 600 grams (21 oz) of Martian soil... A 2028 launch date should see Martian samples returned to Earth around July 2031, according to a previous presentation made by Tianwen-1 mission lead Sun Zezhou at Nanjing University in 2022.
The mission will actually consist of two launches from Earth, reports Space News: Two Long March 5 rocket launches will carry a lander and ascent vehicle and an orbiter and return module respectively. Entry, descent and landing will build on technology used for the Tianwen-1 rover landing. The mission may also include a helicopter and a six-legged crawling robot for collecting samples away from the landing site...

NASA is working on its own, more complex Mars sample return mission. However the program is being reassessed, following projected cost overruns. Studies are being conducted to identify concepts that can deliver samples faster and cheaper than current plans.

Liu stated that the search for evidence of life is the Tianwen-3's top scientific goal, according to state media China Central Television (CCTV). Earlier reporting notes that potential landing areas will be selected based partly on astrobiological relevance. This includes environments potentially suitable for the emergence of life and its preservation, such as sedimentary or hydrothermal systems, evidence of past aqueous activity and geological diversity.
"China states that it plans to work with scientists worldwide to cooperatively study and share Martian samples and data," according to the article: The China National Space Administration has made samples from its Chang'e-5 lunar nearside sample return mission available to research applications for international researchers. The same is expected for the recently-completed Chang'e-6 lunar farside mission."

Further ahead, Tianwen-3 will include partnering with countries and research institutions to define the objectives and tasks of a future Mars research station. This will include analyzing requirements, conducting conceptual studies, design implementation plans, and tackling key technological challenges.
Thanks to Slashdot reader Iamthecheese for sharing the news.

Wired interviews America's foreign policy chief, Secretary of State Antony Blinken, about U.S. digital polices, starting with a new "cybersecurity bureau" created in 2022 (which Wired previously reported includes "a crash course in cybersecurity, telecommunications, privacy, surveillance, and other digital issues.") Look, what I've seen since coming back to the State Department three and a half years ago is that everything happening in the technological world and in cyberspace is increasingly central to our foreign policy. There's almost a perfect storm that's come together over the last few years, several major developments that have really brought this to the forefront of what we're doing and what we need to do. First, we have a new generation of foundational technologies that are literally changing the world all at the same time — whether it's AI, quantum, microelectronics, biotech, telecommunications. They're having a profound impact, and increasingly they're converging and feeding off of each other.

Second, we're seeing that the line between the digital and physical worlds is evaporating, erasing. We have cars, ports, hospitals that are, in effect, huge data centers. They're big vulnerabilities. At the same time, we have increasingly rare materials that are critical to technology and fragile supply chains. In each of these areas, the State Department is taking action. We have to look at everything in terms of "stacks" — the hardware, the software, the talent, and the norms, the rules, the standards by which this technology is used.

Besides setting up an entire new Bureau of Cyberspace and Digital Policy — and the bureaus are really the building blocks in our department — we've now trained more than 200 cybersecurity and digital officers, people who are genuinely expert. Every one of our embassies around the world will have at least one person who is truly fluent in tech and digital policy. My goal is to make sure that across the entire department we have basic literacy — ideally fluency — and even, eventually, mastery. All of this to make sure that, as I said, this department is fit for purpose across the entire information and digital space.
Wired notes it was Blinken's Department that discovered China's 2023 breach of Microsoft systems. And on the emerging issue of AI, Blinken cites "incredible work done by the White House to develop basic principles with the foundational companies." The voluntary commitments that they made, the State Department has worked to internationalize those commitments. We have a G7 code of conduct — the leading democratic economies in the world — all agreeing to basic principles with a focus on safety. We managed to get the very first resolution ever on artificial intelligence through the United Nations General Assembly — 192 countries also signing up to basic principles on safety and a focus on using AI to advance sustainable development goals on things like health, education, climate. We also have more than 50 countries that have signed on to basic principles on the responsible military use of AI. The goal here is not to have a world that is bifurcated in any way. It's to try to bring everyone together.

"SpaceX deployed its 7,000th Starlink satellite this week, making the vast majority of active satellites around earth part of a single megaconstellation," writes Slashdot reader DogFoodBuss. "The Starlink communications system is now orders of magnitude larger than its nearest competitor, offering unprecedented access to low-latency broadband from anywhere on the planet." According to the latest data from satellite tracker CelesTrak, SpaceX now controls over 62% of all operational satellites. The Independent reports: The latest data from non-profit satellite tracker CelesTrak shows that SpaceX has 6,370 active Starlink satellites in low-Earth orbit, with several hundred more inactive or deorbited. The figure, which has risen more than six-fold in just three years, represents just over 62 per cent of all operational satellites, and is roughly 10-times the number of Starlink's closest rival, UK-based startup OneWeb.

SpaceX plans to launch up to 42,000 satellites to complete the Starlink constellation, capable of delivering high-speed internet and phone connectivity to any corner of the globe. Starlink currently operates in 102 countries and has more than three million customers paying a monthly fee to access the network through a $300 ground-based dish. The company expects to launch its service in dozens more countries, with only Afghanistan, China, Iran, North Korea, Russia and Syria not on the current waitlist due to internet restrictions or trade embargos. "Starlink now constitutes roughly 2/3 of all active Earth satellites," SpaceX CEO Elon Musk said on X following the latest SpaceX launch.

An anonymous reader quotes a report from Axios: The German company says it may close plants in its home country amid what CEO Oliver Blume reportedly called "a very demanding and serious situation" for the European automotive industry. That would mark the first-ever German plant closures in the company's nearly nine-decade history. VW is facing a pair of competition-related challenges -- one outside its control, and the other of its own making. Chinese automakers are wresting market share away from VW in China, where it once held the highest share of any automaker. The company's China sales have fallen from 4 million in 2017 to an estimated 2.5 million in 2024, according to Dunne Insights analyst Michael Dunne. And its Chinese competitors are bringing cheap electric vehicles to VW's other critical market: Europe. Another part of the problem is that VW is a bloated company compared with its competitors, meaning it has less margin for error.

The company had some 684,000 employees in 2023. That's about 309,000 more than the ever-efficient Toyota, which sold about 2 million more vehicles than VW worldwide last year. The VW brand's profit margin fell from 3.8% in 2023 to 2.3% in the first half of 2024, moving in the wrong direction from the company's long-term target of 6.5%, according to Evercore ISI analyst Chris McNally. Hence the "drastic attempt to cut costs" as the company's bottom line suffers, McNally writes. But VW isn't just facing operational issues and increased competition in key markets -- it's also falling behind on technology. The company recently agreed to invest in Rivian to get help from the American startup on EV development despite having 40 times more employees than its new partner. And VW's long-awaited ID. Buzz -- its EV revival of its famed microbus -- recently disappointed enthusiasts with underwhelming battery range of 234 miles and a starting price of about $60,000.

An anonymous reader quotes a report from the Associated Press: The Dutch data protection watchdog on Tuesday issued facial recognition startup Clearview AI with a fine of $33.7 million over its creation of what the agency called an "illegal database" of billion of photos of faces. The Netherlands' Data Protection Agency, or DPA, also warned Dutch companies that using Clearview's services is also banned. The data agency said that New York-based Clearview "has not objected to this decision and is therefore unable to appeal against the fine."

But in a statement emailed to The Associated Press, Clearview's chief legal officer, Jack Mulcaire, said that the decision is "unlawful, devoid of due process and is unenforceable." The Dutch agency said that building the database and insufficiently informing people whose images appear in the database amounted to serious breaches of the European Union's General Data Protection Regulation, or GDPR. "Facial recognition is a highly intrusive technology, that you cannot simply unleash on anyone in the world," DPA chairman Aleid Wolfsen said in a statement. "If there is a photo of you on the Internet -- and doesn't that apply to all of us? -- then you can end up in the database of Clearview and be tracked. This is not a doom scenario from a scary film. Nor is it something that could only be done in China," he said. DPA said that if Clearview doesn't halt the breaches of the regulation, it faces noncompliance penalties of up to $5.6 million on top of the fine. Mulcaire said Clearview doesn't fall under EU data protection regulations. "Clearview AI does not have a place of business in the Netherlands or the EU, it does not have any customers in the Netherlands or the EU, and does not undertake any activities that would otherwise mean it is subject to the GDPR," he said.

Japan has recorded its hottest summer on record after a sweltering three months marked by thousands of instances of "extreme heat," with meteorologists warning that unseasonably high temperatures will continue through the autumn. From a report: The average temperature in June, July and August was 1.76C higher than the average recorded between 1991 and 2020, the Japan meteorological agency said, according to Kyodo news agency. It was the hottest summer since comparable records were first kept in 1898 and tied the record set in 2023, the agency said. Japan has recorded 8,821 instances of "extreme heat" -- a temperature of 35C or higher -- so far this year, easily beating the previous record of 6,692 set in 2023, it added. The brutal heat was not confined to Japan. Swathes of China logged the hottest August on record, the weather service said.

The hot weather prompted delays to the start of the new school year in some Chinese cities. State media reported on Tuesday that some schools and universities in Jiangxi, Chongqing, and Sichuan provinces had pushed the return to school out to 9 September, citing high temperatures. China Daily said Chongqing authorities had extended school holidays for all kindergarten, primary and secondary schools, and at least a dozen colleges and universities, "to ensure the safety and health of teachers and students amid the extreme heat."

"Dirk Hohndel, a Linux kernel developer and long-time open source leader, wanted his audience at KubeCon + CloudNativeCon + Open Source Summit China 2024 Summit China to know he's not a Valkey developer," writes Steven J. Vaughan-Nichols. "He's a Valkey user and fan." [Hohndel] opened his speech by recalling how the open source, high-performance key/value datastore Valkey had been forked from Redis... Hohndel emphasized that "forks are good. Forks are one of the key things that open source licenses are for. So, if the maintainer starts doing things you don't like, you can fork the code under the same license and do better..." In this case, though, Redis had done a "bait-and-switch" with the Redis code, Hohndale argued. This was because they had made an all-too-common business failure: They hadn't realized that "open source is not a business model...."

While the licensing change is what prompted the fork, Hohndel sees leadership and technical reasons why the Valkey fork is likely to succeed. First, two-thirds of the formerly top Redis maintainers and developers have switched to Valkey. In addition, AWS, Google Cloud, and Oracle, under the Linux Foundation's auspices, all support Valkey. When both the technical and money people agree, good things can happen.

The other reason is that Valkey already looks like it will be the better technical choice. That's because the recently announced Valkey 8.0, which builds upon the last open source version of Redis, 7.2.4, introduces serious speed improvements and new features that Redis users have wanted for some time. As [AWS principal engineer Madelyn] Olson said at Open Source Summit North America earlier this year, "Redis really didn't want to break anything." Valkey wants to move a bit faster. How much faster? A lot. Valkey 8.0 overhauls Redis's single-threaded event loop threading model with a more sophisticated multithreaded approach to I/O operations. Hohndel reported that on his small Valkey-powered aircraft tracking system, "I see roughly a threefold improvement in performance, and I stream a lot of data, 60 million data points a day."
The article notes that Valkey is already being supported by major Linux distros including AlmaLinux, Fedora, and Alpine.

U.S. Space Command chief Gen. Stephen Whiting called for greater transparency from China regarding space debris this week, citing concerns over the recent breakup of a Long March 6A rocket's upper stage. The incident, which occurred after an August 6 satellite launch, scattered over 300 pieces of debris in low-Earth orbit.

While acknowledging some improvement in U.S.-China military dialogue, Whiting stressed on the need for proactive communication about space junk, ArsTechnica reports. "I hope the next time there's a rocket like that, that leaves a lot of debris, that it's not our sensors that are the first to detect that, but we're getting communications to help us understand that," he said.

A study found that Canada's 2023 wildfires released 647 megatons of carbon, surpassing the emissions of seven of the ten largest emitting countries, including Germany, Japan, and Russia. "Only China, India and the United States emitted more carbon emissions during that period, meaning that if Canada's wildfires were ranked alongside countries, they would have been the world's fourth largest emitter," adds Reuters. From the report: Typical emissions from Canadian forest fires over the last decade have ranged from 29 to 121 megatons. But climate change, driven by the burning of fossil fuels, is leading to drier and hotter conditions, driving extreme wildfires. The 2023 fires burned 15 million hectares (37 million acres) across Canada, or about 4% of its forests. The findings add to concerns about dependence on the world's forests to act as a long-term carbon sink for industrial emissions when instead they could be aggravating the problem as they catch fire.

The worry is that the global carbon budget, or the estimated amount of greenhouse gases the world can continue to emit while holding warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) above preindustrial levels, is based on inaccurate calculations. [...] The abnormally hot temperatures Canada experienced in 2023 are projected to be common by the 2050s, the study said. This is likely to lead to severe fires across the 347 million hectares (857 million acres) of woodlands that Canada depends on to store carbon. The study has been published in the journal Nature.

According to a new survey from Bitkom, cybercrime and other acts of sabotage have cost German companies around $298 billion in the past year, up 29% on the year before. Reuters reports: Bitkom surveyed around 1,000 companies from all sectors and found that 90% expect more cyberattacks in the next 12 months, with the remaining 10% expecting the same level of attacks. Some 70% of companies that were targeted attributed the attacks to organised crime, the survey found, adding 81% of companies reported data theft, including customer data, access data and passwords, as well as intellectual property such as patents. Around 45% of companies said they could attribute at least one attack to China, up from 42% in the previous year. Attacks blamed on Russia came in second place at 39%.

The increase in attacks has prompted companies to allocate 17% of their IT budget to digital security, up from 14% last year, but only 37% said they had an emergency plan to react to security incidents in their supply chain, the survey showed.

The state-sponsored Chinese hacking campaign known as Volt Typhoon is exploiting a bug in a California-based startup to hack American and Indian internet companies, according to security researchers. From a report: Volt Typhoon has breached four US firms, including internet service providers, and another in India through a vulnerability in a Versa Networks server product, according to Lumen's unit Black Lotus Labs. Their assessment, much of which was published in a blog post on Tuesday, found with "moderate confidence" that Volt Typhoon was behind the breaches of unpatched Versa systems and said exploitation was likely ongoing.

Versa, which makes software that manages network configurations and has attracted investment from Blackrock and Sequoia Capital, announced the bug last week and offered a patch and other mitigations. The revelation will add to concerns over the susceptibility of US critical infrastructure to cyberattacks. The US this year accused Volt Typhoon of infiltrating networks that operate critical US services, including some of the country's water facilities, power grid and communications sectors, in order to cause disruptions during a future crisis, such as an invasion of Taiwan.

An anonymous reader quotes a report from CBC.ca: Prime Minister Justin Trudeau announced Monday Canada will impose punitive tariffs on Chinese-made electric vehicles -- copying a similar initiative that the U.S. is already pursuing to stop a flood of what's been described as unfairly state-subsidized cars. Trudeau made the announcement at the federal cabinet retreat in Halifax where ministers are meeting to craft a strategy for the year ahead -- the last year before an expected federal election in October 2025. Amid industry pressure to copy the U.S. program, Trudeau said a 100 percent surtax will be levied on all Chinese-made EVs, effective Oct. 1. The tariff would effectively double the price of imported vehicles, as it is expected most of the tax would be passed on to consumers.

Ottawa is following through now, Trudeau said, to "level the playing field for Canadian workers" and allow Canada's nascent EV industry to compete at home, in North America and globally. The tariff will apply to electric and certain hybrid passenger automobiles, trucks, buses and delivery vans. Chinese brands like BYD are not a major player in Canada's EV market right now but imports from China have exploded in recent years as Tesla switched from U.S. factories for its Canadian sales to its manufacturing plant in Shanghai. The new tariff will apply to those Shanghai-made Teslas that are sold in Canada -- a development that is expected to force the U.S. automaker to supply the Canadian market with vehicles made at one if its other plants in the U.S. or Europe instead. "Unfortunately, Canada made a decision today that will result in fewer affordable electric vehicles for Canadians, less competition and more climate pollution," said Joanna Kyriazis, director of public affairs at Clean Energy Canada. "Not only could today's announcement have a chilling effect on future EV sales, it could drive up EV prices and slow adoption in the near-term as well," Kyriazis said.

Flavio Volpe, the president of the Automotive Parts Manufacturers' Association who lobbied Ottawa to follow through with matching the U.S. tariffs, responded: "Sure, what the Chinese are doing is selling us green products that help fulfill some of our EV mandates, but they do it in a regulatory environment where they forgo any stewardship of the environment," he said.

Deputy Prime Minister Chrystia Freeland added that the Chinese industry is "built on abysmal labour standards and it is built on abysmal environmental standards."

An anonymous reader quotes a report from the Financial Times: Ikea is taking on the likes of eBay, Craigslist, and Gumtree with a peer-to-peer marketplace for customers to sell secondhand furniture to each other. Ikea Preowned will be tested in Madrid and Oslo until the end of the year with the aim of rolling out the buying and selling platform globally, according to Jesper Brodin, chief executive of Ingka, the main operator of Ikea stores. [...] Ikea has had a small offering under which it buys used furniture from customers and resells it in store. But the new platform is more ambitious, aiming to tackle the secondhand market for customers selling directly to each other -- an area where Brodin estimates Ikea has a higher market share than in new furniture sales. Customers enter their product, their own pictures, and a selling price, while Ikea's own artificial intelligence-enabled database brings in its own promotional images and measurements. The buyer collects the furniture directly from the seller, who has the option of receiving money or a voucher from Ikea with a 15 percent bonus.

"Very often there is a monopoly or oligopoly on platforms that operate," said Brodin, talking about eBay or digital classified ad services such as Gumtree in the UK and Finn in Norway. Finn has 8,700 items from Ikea listed in Oslo alone. Early offerings on Ikea Preowned include large items such as sofas for up to $670 (600 euros) and wardrobes for $500 (450 euros) as well as smaller items such as a toilet roll holder for $4.50 (4 euros). Listings are free, but Brodin said Ikea could eventually charge "a symbolic fee, a humble fee." He added: "We're going to verify the full scope including the economics. If a lot of people use the offer to get a discount with Ikea -- it's a good way to reconnect with customers. I am very curious. I think it makes business sense." Ikea has previously tested selling its new furniture on third-party platforms such as Alibaba's Tmall in China, but the Preowned platform marks its first foray into secondhand marketplaces. It also dovetails with the retailer's wish to become "circular and climate positive" by 2030.

IBM is the latest American company to downsize its presence in China amid heightened tensions between Washington and Beijing. From a report: China's efforts to decrease its dependence on the West have ratcheted up local market competition -- and U.S. tech giants including Microsoft are looking elsewhere to house their operations. IBM will shut down its research and development department in China, impacting about 1,000 jobs, multiple outlets reported Monday.

The Chinese government has encouraged domestic companies to overtake and push out U.S. tech dominance out of the country in a bid for self-sufficiency in the sector, the Wall Street Journal reported earlier this year. IBM has faced mounting competition in China in recent years, IBM executive Jack Hergenrother told employees virtually Monday, per the Journal. IBM reportedly plans to move its R&D operations to other overseas facilities. According to the company's 2023 annual report released earlier this year, the company saw its revenue in China drop 19.6% last year.

SecurityWeek reports: A significant backdoor in millions of contactless cards made by China-based Shanghai Fudan Microelectronics Group allows instantaneous cloning of RFID smart cards used to open office doors and hotel rooms around the world.

French security services firm Quarkslab has made an eye-popping discovery... Although the backdoor requires just a few minutes of physical proximity to an affected card to conduct an attack, an attacker in a position to carry out a supply chain attack could execute such attacks instantaneously at scale, researcher Philippe Teuwen explained in a paper.
Thanks to Slashdot reader wiredmikey for sharing the article.