Latest: Fintech News
World's largest contract chipmaker TSMC is building a $12 billion semiconductor plant in US state of Arizona
Market watchers say the latest ban is likely to affect a swathe of Chinese tech companies including giants such as Alibaba Group, Tencent Holdings, Baidu, and Huawei Technologies.
US officials tell California chip designer to stop exporting two top chips to China used for artificial intelligence, machine learning, satellite imagery and other purposes
"We will change [these old rules] promptly," Digital Affairs Minister Tara Kono was quoted as saying, as he outlined plans to move government data online.
E-commerce giants, plus Yum China and their auditors have been told they will be among the first companies whose books are inspected by PCAOB regulators in Hong Kong next month
India's biggest telco Jio said on Monday it will begin rolling out 5G services for subscribers in the next two months. Owner Mukesh Ambani said it has committed $25bn to the expansion
Russian tourists have been using Chinese credit cards to withdraw cash from automatic teller machines in Finland since Covid border restrictions eased on July 1
The new foundry will be run as a subsidiary of SMIC in cooperation with the government of Tianjin's Xiqing district. It will have an initial capital of $5 billion, a notice said on Friday
The new computer will solve data and problems that existing computers cannot, representing technological strides in AI, material simulation, and finance, Interesting Engineering reported
Regulators in Beijing have told Chinese companies listed in New York and their auditors to get their accounts to Hong Kong to prepare for inspections by US auditors
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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