ICYMI, the Wall Street Journal (gated) had the report overnight.
- Microsoft has around 700 - 800 employees in its China-based cloud-computing and artificial-intelligence operations to consider transferring outside the country
Journal citing people familiar with the matter.
This comes in the midst of a deterioration in relations between the US and China on tech-related matters, including the US administration placing tighter curbs around China's ability to develop state-of-the-art AI, such as cutting China off from advanced-chip purchases and equipment.
While the Journal is gated, Reuters have a bit more info that is not gated if you wish.
This will weigh on China-proxy trades (it has already) such as AUD. China will not be happy with this and there will be retaliatory measures.
