G42's CEO, Peng Xiao, stated that the company has exited all its previous investments in China and no longer needs any presence in the country. He also mentioned that the decision to sever ties with Chinese firms was not easy.
What did G42's CEO say about ties with Chinese firms?
Sources:
‘Bullying Leads to Self-Isolation,’ Xi Warns After U.S.-China Trade Truce
US Approves $142 Billion Arms Deal with Saudi Arabia
Palantir Hits Record High as AI Stocks Surge on Tariff Easing Optimism
Huawei-Linked Chip Equipment Maker SiCarrier Seeks $2.8 Billion in First Fundraising Round
Elon Musk Eyes Launch of Tesla Robotaxis in Saudi Arabia
Nvidia Reclaims $3 Trillion Valuation After Striking AI Chip Deal with Saudi Arabia
SoftBank Profit Doubles as ByteDance and Didi Valuations Surge
U.S. Retains 20% Tariff on Chinese Fentanyl Imports, Total Tariffs on China Remain at 30%
Nissan Announces Job Cuts and Cost-Saving Measures, Delays Earnings Forecast
U.S. Plans to Export Hundreds of Thousands of AI Chips to UAE and Saudi Arabia