Huawei along with other domestic firms, created electronic chip design tools required to make semiconductors at 14 nanometers and above, a top exec said.
Uncertainty caused by the collapse of Silicon Valley Bank this month triggered outflows and plunging share prices at peers including First Republic and PacWest.
Al-Khudairy's resignation comes days after his comments fueled investor panic and contributed to a selloff in the shares of embattled lender Credit Suisse.
Club Med is "very optimistic" about China's reopening, and says the luxury resort chain is "definitely not for sale," an executive from Fosun Tourism Group told CNBC.
AI is all the rage, but there are concerns it could be a double-edged sword, especially when it comes to kids. Experts tell CNBC Make It how to mitigate them.
Recent banking turmoil could bring the U.S. closer to a recession, Minneapolis Fed President Neel Kashkari said in an interview with CBS' "Face The Nation."