TikTok has dodged the bullet of the US veto. Although it has not been free

TikTok has announced through a press release the creation of a new one joint venture with which it seeks to meet the demands of the United States Government. This operation will give rise to a new subsidiary majority controlled by a group of American investors close to the president of the country. The agreement. TikTok now operates in the United States under a new entity, TikTok USDS Joint Venture LLC. The joint venture allows Bytedance to retain 19.9% ​​of the new company, with the rest under the control of three companies: Oracle, Silver Lake Management and MGX. The constitution of the new subsidiary will allow TikTok to continue operating normally in the country, complying with the executive order signed by Trump on September 25, 2025. The data. The main objective of the Joint Venture is to meet Trump’s demands. That user data remained in the United States was one of the main ones. “The majority U.S.-owned joint venture will operate under defined safeguards that protect national security through comprehensive data protections, algorithm security, content moderation, and software safeguards for U.S. users.” The algorithm. The content recommendation algorithm will be updated in the United States, leaving it in the hands of the joint company. The Oracle cloud will be in charge of ensuring this, and it will be specifically designed to make recommendations based on data from American users. Although the United States has gained access to the algorithm, it is not done with your property. Bytedance licenses, but does not sell its most valuable asset. Qor what is important. The fight between TikTok and the United States was not a whim, it was a geopolitical war around one of the most important social networks for China. trump even banned the application in the United Statesafter considering it a “risk to national security” in 2024, throwing a dart at Bytedance with a Protecting Americans from Applications Controlled by Foreign Adversaries Act made to measure. Within hours of completely shutting down, the president extended the deadline for the vetoin order to reach an agreement. Trump made it clear that, if China wanted reduce its tariff burden, the price to pay was TikTok. During 2025, the future of the social network was up in the air. Neither winners nor losers. There are two sides to this new agreement between China and the United States. For Bytedance, TikTok is not important in the United States only because of its unique users (less than 10% of its global base): it is also important because the bulk of creators that feed their algorithm from the country. Although it loses participation in TikTok in the United States, it maintains a user base. Maintains algorithm. Resolves tension without giving up one of your most precious assets. On the United States side, although it has not been able to take over the app 100%, it achieves one of its main objectives: that user data stays in the country. In Xataka | Young people have decided to stop posting (so much) on Facebook and Instagram. “AI-generated garbage” has free rein

The great fortunes in Spain had dodged the heritage tax for decades. In 2023 99% have chosen to pay it

According to him last report Of the Tax Agency, the collection of the Patrimony Tax in Spain marked an important rebound in 2023, with an increase of 58% compared to the previous year, reaching 1,970.7 million euros, compared to the 1,250 million that were collected in 2022. This significant increase is not exclusively due to the boom in the number of Millionaires in Spainbut to Reactivation of the Patrimony Tax in several autonomous communities that previously or totally bonus it. Thus, the number of statements and payments has increased significantly after modifying the fiscal rules that affect To the great fortunes. Taxpayers and declarants. According to data of Tax Agency, in the last decade the number of taxpayers who declare to have assets exceeding 30 million euros has passed from 471 in 2013 to 865 in 2023. During this period the number of declarants with high assets has increased by different stages, with notable increases between 2018 and 2019 and then between 2020 and 2021. At the same time, the total statement of the Patrimony Tax descended slightly in 2023, standing at 228,575 compared to 230,365 of the previous year. It should be noted that being a declarant of this tax does not imply being a taxpayer, since sometimes the declarants are exempt from paying that tax since an exempt minimum of 700,000 euros is established (in most communities) and that exist Deductions in habitual home or certain business goods. 99% of millionaires pay the assets tax. The Finance data suggest that, with a lower number of declarants, it was possible to increase the annual collection in 2023, increasing the number of those who had to pay this tax. In 2022, the number of declarants with assets above 30 million euros was 852, of which only 235 (27.6%) paid the assets tax for living in communities that did not bonate this tax. In 2023, of the 865 declarants with more than 30 million euros, 853 pay this tax, which implies that almost 99% of the great fortunes already pay tax for their assets. THE KEY: TEMPORARY TAX OF SOLIDARITY OF THE GREAT FORTS. The increase in collection at 720.7 million euros between 2022 and 2023 is due to the elimination of bonuses to assets that applied communities such as Madrid and Andalusia that in 2022 allowed to pay Little or nothing of this tax. With the entry into force of the Temporary Tax of Solidarity of the Great Fortures in 2023, the State applied a rule that, with the excuse of Avoid double impositionI could tax with this tax those assets that were not taxed by the Patrimony Tax. Being especially exposed those communities that had this bonus tax. The communities were not going to give up that income. With this maneuver, the State could directly raise what autonomies insisted on bonus. Given this new scenario, communities such as Andalusia or Madrid, which applied 100% bonus in this tax, lost the “Fiscal advantage” for great fortunes With respect to their neighboring communities and if they did not collect it, they would lose those income that would also be collected for the state coffers. The Community of Madrid, for example, He went from raising Zero euros in 2022 to enter 613.7 million in 2023 of 10,659 declarants who did not pay for this tax before. Andalusia also increased its income In 20.79 million euros Thanks to this measure that allows homogenizing the Taxation to great fortunes throughout the country through the coexistence of the state tax and the autonomic, preventing that Great heritages are exempt Thanks to regional bonuses. As evidence of this rebalancing in the collection, the Tax Agency ensures that the entry by the Temporary Solidarity Tax of the great fortunes of 2023 was only 35 million euros, compared to the 630 million euros that collected in 2022, when the autonomies bonus the assets tax. In Xataka | How much money Amancio Ortega has: how the fortune of the richest man in Spain is distributed Image | Unspash (Shane)

The Soc Xring O1 is an “impossible” prodigy. This is how Xiaomi has dodged the demanding US restrictions

Xiaomi’s Soc Xring O1 is making a thunderous noise. His debut at the 15S Pro smartphone, the PAD 7 Ultra tablet and the Watch 4S clock is being preceded by performance figures that They place it ahead of the Snapdragon 8 elite of Qualcomm and Dimensity 9400 of Mediatek. He is not but that we are bad if we are in mind that he is the first flagship designed by Shanghai Xuanjie Technologies, the Xiaomi subsidiary specialized in the design of semiconductors. However, in this article we will not investigate the performance of this chip or compare it with the alternatives proposed by Apple, Qualcomm or MediaTek. What I propose is that we verify how Xiaomi has achieved that the US Industrial and Security Office allows you to manufacture it in N3E (3 Nm) node of TSMC. This Chinese company is not included in the “blacklist” of the US, but this is only part of a story in which Xiaomi has proven to have a huge expertise. TSMC lithography has a leading role in the performance of this chip During the presentation of the soc Xring O1, Xiaomi revealed some details Very interesting about its architecture, and there is no doubt that ‘Xuanjie’ engineers have done a very good job in this area. However, Lei Jun, the founder and general director of this company, He recognized yesterday During the event that its purpose from the beginning was to put to tune a soc produced in the most advanced lithographic node available. And it is that a well -executed architecture and an avant -garde integration technology are the two ingredients that must necessarily intervene in the recipe of a flagship. As I mentioned a few lines above, Xiaomi is not included in the “blacklist” of the US, but this condition is not enough to access the N3E node of TSMC, which is One of the most advanced in operation currently. This last company is from Taiwan, but both the machines of The Dutch company Asml which uses to manufacture its integrated circuits such as wafering processing techniques that they use incorporate American technologies. This is the circumstance that empowers the US when intervening in the ASML and TSMC business. The US government decides who has access to its technologies even if they reside outside its borders In this context, the US Industrial and Security Office of the US Commerce is responsible for controlling the export of US technologies that can be used for military purposes, and therefore, they have the ability to compromise national security and condition US foreign policy. All this means, in short, that the US government decides who has access to its technologies even if they reside outside their borders. Xiaomi’s Soc Xring O1 is on the role as advanced as the best SOCs for smartphones that have Apple, Qualcomm or MediaTek and can be used for a very wide range of applications that go beyond their integration into a mobile phone or a tablet. In The current tension situation They hold the US and China it is surprising that TSMC has been able to manufacture this chip for xiaomi In one of its most advanced lithographic nodes. The interesting thing is that he could because the engineers of ‘Xuanjie’ have calibrated the design of their soc in such an ingenious way that they have managed to throw a very competitive performance without breaching the regulation of the US. In this delicate balance lies the authentic merit of Xiaomi. In TSMC practice it has been able to manufacture it in its N3E node because the socket Xring O1 meets three fundamental conditions. The first of these is that it has been produced in Taiwan and not in any of the countries of Group D: 5, which are the nations to which the US considers a threat, such as Iran, North Korea, Syria, Myanmar, Venezuela, China or Russia. In addition, this SOC incorporates 19,000 million transistors, so it is below the threshold of 30,000 million transistors. If I had exceeded this TSMC limit, I could not have manufactured it for a Chinese company. The interesting thing in this area is that the engineers of ‘Xuanjie’ have managed to set up an architecture capable of delivering very competitive performance and efficiency using a relatively moderate number of transistors. The third and last condition that this Xiaomi chip meets is that it does not live with HBM memories (High Bandwidth Memory), which are the ones that work side by side with the GPUs for artificial intelligence (AI). We only have to have the opportunity to try it thoroughly in one of the Xiaomi devices that are going to bet on it to check if it is really up to the expectations it has generated. Image | Xiaomi More information | Nomad semi In Xataka | China is about to have the ability to make 5 Nm chips, although it faces a difficult solution problem

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