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The reduction is part of an effort to alleviate the burden on suppliers forced to adapt to repeated output plan changes due to acute shortages of semiconductors and other supplies
Exports rose 14.9% year-on-year to $18.74 billion, boosted by a 28.5% jump in sales of semiconductors and a 98.8% surge in petroleum products
The Simbara app records all coal and minerals management processes, starting from upstream to downstream, according to the energy minister
As countries pledge billions for domestic chip production and companies scramble to build new plants, the need for people to design, manufacture and test chips has intensified
Platform companies Naver and Kakao surged 8.54% and 8.58%, respectively, their sharpest gains in nearly two years, on hopes that Yoon will help remove regulatory hurdles for operators
The National Bank of Ukraine said it had asked the banks to stop accepting Mir cards in their ATMs and to make it impossible to use these cards
The unit said it is looking to invest in technology startups in Web3, gaming and fintech – especially those in the metaverse, NFT, blockchain and e-sports
Companies face pressure from investors on environmental, social and corporate governance matters as automakers charge ahead on EV rollout and work to ensure battery minerals supply
The Justice ministry dispatched more than 100 investigators to search 14 locations in Taipei, Taoyuan and Taichung, as well as Hsinchu
The two sides discussed cooperation in agriculture, textile, and healthcare sectors, promoting digital trade and e-commerce and protecting intellectual property
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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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