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Chinese regulators have banned the use of foreign chips in data centres supported by state funds, saying they must only use locally-made computer chips, sources say.
The Nikkei plunged by almost 7% from the record high reached on Tuesday, while South Korean shares dropped by 6.2%. Both markets clawed back some losses in afternoon trading.
The energy subsidies are part of China’s larger push to subsidise its AI and semiconductor industries. Its outlay for AI alone is expected to reach $98 billion this year.
French politicians, retailers and regulators have waged a campaign to oppose Shein's expansion, seeking to protect high street retailers ahead of tough new legislation on online platforms, which Shein has fought against
America's top court will hear the fight against Trump's tariffs this week; an adverse ruling could be messy, but analysts say he would just use other avenues to achieve the same goal
Hong Kong's Securities and Futures Commission will relax rules to allow locally licensed virtual asset trading platforms to share global order books with affiliates overseas
US President's comments suggest he may impose tighter restrictions on cutting-edge American AI chips than US officials previously indicated
Dutch chipmaker suspends supplies of wafers to its Guangdong assembly plant amid concern its technology could be stolen by its Chinese owner. The row has inflamed fears on the supply of chips to carmakers worldwide
A survey of factory activity in October reveals worst contraction in 6 months, as export orders dropped after a long period of front-loading to beat US tariffs
Samsung's earnings have recovered and it's now in 'close discussion' with Nvidia on HBM4 – the next-generation of high-bandwidth memory chips
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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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