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South Korea's technology ministry is probing whether the outage violated any laws, with compensation of $8.4 million expected for users
The move follows export restrictions imposed by the Biden Administration. YMTC is also being investigated by the Commerce officials on whether it sold chips to blacklisted Huawei
Economy minister Wang Mei-hua said she received "great interest" from meetings with Cisco Systems Inc, NVIDIA Corp, Applied Materials Inc and Synopsys Inc.
ASML and Lam Research, two top chipmaking tool providers, have rushed to comply with US chip export curbs by "pulling American engineers out of their operations" in China
Senator endorses stance of Federal Communications Commission, saying it is necessary to protect US telecommunication networks and security
$44-billion takeover bid hits rocky water. But a lawyer for Musk said Twitter's court filing was a "misdirection" and that: "It is Twitter's executives that are under federal investigation."
The vehicle will be equipped a Level 3 autonomous drive system and is likely to be made at one of Honda's plants in Ohio by 2026
Chip giants allowed to continue work at their China factories, but the ban on US citizens working for local firms has shocked the sector, forcing firms like Naura and YMTC to pull key staff
Experts said the US chip restrictions could lead to its "Sputnik" moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course
California-based supplier of chipmaking technology says export restrictions will would result in a net sales loss of $250 million to $550m in the current and next quarters.
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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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