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Andrew McAfee, best-selling author and co-founder of the Massachusetts Institute of Technology's Initiative on the Digital Economy, said developments in data, algorithms, networks, cloud, and digital hardware have unleashed a wave of innovation that is "rewriting the business playbook" at the Intel Shift 2017 event in New York on Tuesday. Paul Welitzkin/China Daily

Anhui Jianghuai Automobile Co, or JAC Motors, is one example of a domestic manufacturer that has shifted its business model towards the future and is developing into the new automotive business environment.

Analysts said the Japanese measure won't have a meaningful impact immediately on ROK chipmakers Samsung Electronics and SK Hynix, which both have sufficient supplies of the materials for now, given the slowdown in demand for semiconductors.

Analysts said the Huawei move is part of the tech giant's broader push to quickly commercialize the superfast technology and it highlights the stiff competition as companies scramble to offer the cutting-edge gadgets.

André Hoffmann, vice-chairman of Roche, said that the CIIE is an important platform for the company to showcase its offerings to the Chinese. He added that Roche will be displaying its latest products and technologies related to the treatment of diabetes and cancer at this year's event.