The “anti-Shein” bandwagon gains momentum

James Proud, founder and CEO of Substrate, emphasized the need for the U.S. to adopt a 'leap-ahead' strategy in the AI race against China during an interview on Bloomberg Tech. He highlighted the increasing competition in artificial intelligence between China and the West, urging for proactive measures to maintain technological leadership.

China is advancing its efforts toward chip self-reliance by testing a secret extreme ultraviolet (EUV) lithography prototype, a critical technology for semiconductor manufacturing, amid increasing export controls and rising demand for artificial intelligence (AI) technologies.

China has reportedly reverse-engineered an extreme ultraviolet (EUV) lithography machine, a significant advancement in its semiconductor manufacturing capabilities. The project, completed in early 2025, involved a team of former ASML engineers and marks a pivotal step toward achieving chip self-sufficiency in the country.

China has reportedly developed a prototype extreme ultraviolet (EUV) lithography machine, constructed by former employees of ASML, a leading Dutch semiconductor equipment manufacturer. This development signifies a notable advancement in China's capabilities in semiconductor technology, particularly in producing advanced chips essential for various applications.

An investigation by Reuters revealed that Meta generated over $3 billion from scam advertisements on Facebook and Instagram in China last year, which accounted for nearly 19% of its total ad revenue from the region. The ads promoted illegal gambling, pornography, and other inappropriate content, raising serious ethical concerns about the company's advertising practices.