Will see $3bn investment

US-sanctioned chipmaker is believed to have been shipping tools to Iran for about a year

Heying Data gets a boost

US claims $2.5bn of servers shipped to China

But investors remain unimpressed

One of the defendants is a co-founder of the server manufacturer

Alibaba Cloud, Tencent, and Baidu hop on the bandwagon

Expects revenue to rise to $1.8 billion in 2026

Chinese cloud provider signs new agreement with Jinshan District government for project

Decision results from lack of meaningful GPU sales to Chinese customers

As Vnet raises money to expand its Mainland China footprint

Marks the Chinese cloud company's third zone in Germany

He resigns after less than two years in charge

Penalty is twice the value of the illegal shipments made by the company

Chinese tech company expecting to receive sample chips by end of March

Intel rationing deliveries of fourth and fifth-generation CPUs, with wait times of up to six months anticipated

Company said to have even purchased large amounts of consumer graphics cards to create clusters

Government is reportedly weighing up conditions under which additional purchases will be greenlit

Round led by Forebright and Silicon Peak

Despite the government's comments that plans won't hurt national security

ByteDance retains 19.9 percent stake

Bipartisan legislation passed the House 42-2

Company has been expanding its cloud team and undercutting rivals on prices

Could power the tech firms AI ambitions