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 by Staff Writers Beijing (AFP) March 30, 2018
China has issued new guidelines on transferring intellectual property rights from Chinese firms or individuals to foreign investors, as global tensions rise over technology theft. The instructions made public by the State Council on Thursday stipulate that IP rights related to integrated circuits, computer software copyrights and new plant breeds will be reviewed by the government before any overseas transfers. The guidelines aim to "safeguard national security and major public interests", the council said. "The introduction of the guideline is an important move to protect national security," Zhang Zhicheng, officer at the State Intellectual Property Office of China told the state-run China Daily newspaper. This move also complies with international rules, Zhang told China Daily, citing "similar review systems in the EU and Japan". US President Donald Trump has announced new tariffs on Chinese imports over the "theft" of intellectual property, fuelling fears of a looming trade war.
Toshiba awaits regulator approval for key chip unit sale Tokyo (AFP) March 26, 2018 Embattled Japanese conglomerate Toshiba said Monday it was still waiting for regulators to approve the key sale of its chip unit, a delay that could stymie plans to complete the deal this month. The firm agreed in September to sell its memory chip business to a consortium led by US investor Bain Capital, which was seen as crucial to keeping it afloat after multi-billion-dollar losses. Under the deal, Toshiba had expected to meet all the sale conditions by March 23 and complete by March 30. " ... read more
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