China's chip imports surged 14% to $40B in 2023 despite a 5.5% decline in total imports. This reflects efforts to boost national capabilities amid US sanctions on advanced chipmaking machinery and China's establishment of a $40B state fund for chip industry.
Alibaba stock drops with broader indexes due to China's economic struggles. Other Chinese stocks also see significant declines. BABA shares down 3.17%.
Autolus Therapeutics plc (NASDAQ: AUTL), a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, today announces that the U.S.