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As China has been making strides in the development of 5G, artificial intelligence, internet of cars, big data and cloud computing, Chinese IC companies should team up with firms specializing in these emerging industries to take advantage of their opportunities.

Apple is seeking lidar units that would be smaller, cheaper and more easily mass produced than current technology, the three people said. The iPhone maker is setting a high bar with demands for a "revolutionary design," one of the people familiar with the talks said. The people declined to name the companies Apple has approached.

Article 31? An incorporated or unincorporated body such as a company or an organisation which commits an offence under this Law shall be imposed with a criminal fine.

As China's largest private carmaker, Geely reported revenue of 36.82 billion yuan (.3 billion) and net profit of 2.32 billion yuan for the first half of 2020, down 23 percent and 43 percent respectively year-on-year, because of the impact of the novel coronavirus.

As China aims to commercialize 5G services in 2019, one year ahead of its previous schedule, a new report shows that the country is already slightly ahead of South Korea and the United States in the race to develop fifth generation wireless networks.