Contemporary Amperex Technology (CATL), the world’s largest EV battery manufacturer, expects net profit for 2023 to have climbed by as much as 48 per cent as it benefited from the rising penetration of electric cars around the world.

This week Huawei claims they would have wiped the floor with Samsung if the US hadn't banned them, Vivo got in trouble in China and India too, and the US is pressuring Dutch chip equipment giant ASML to squeeze China more as well.

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