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Japan has already handed over subsidies worth about $2.18 billion to the chip firm, which is backed by NEC, SoftBank, Sony and Toyota, among others
The smartphone firm’s stock soared as much as 16% despite warnings it will lose nearly $10,000 on every SU7 car it sells this year
Southeast Asia remains a key destination for illicit waste shipped primarily from Europe, North America and other parts of Asia, according to a report launched on Tuesday by UN agencies
Steve Wozniak said any US move to ban tech platforms that track users should apply to all companies that do it, such as Facebook and Google
Sources claim state-owned SAIC Motor plans to cut 30% of workers at its JV with General Motors, 10% at its unit with Germany's Volkswagen, plus half the staff at its Rising Auto EV unit
A rise in orders both at home and abroad have boosted factory activity and lifted business confidence to the highest in nearly a year, according to a Caixin survey on Monday
Investors led by PE firm PAG have bought a 60% stake in property giant Dalian Wanda's mall unit, which runs close to 500 malls across China
The 166 pages of rules note that restrictions on chip shipments to China also apply to laptops. They will take effect on Thursday
Huawei remained relatively muted about its achievement, doing away with the press conference and launch event it has held every year at least since the US restrictions began
The Joe Biden Administration is taking pains to strengthen its existing chips restrictions on China by making it easier for US firms to comply with restrictions
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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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