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

Indiana Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. House Speaker Nancy Pelosi's earlier visit infuriated China.

The decision to stop the buyout is the UK's latest move to protect its technological edge from Chinese ownership, The Guardian reported.

The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.

The world's largest memory chipmaker said plans to invest about $15 billion in the centre at Giheung, south of the capital Seoul, over the next six years, it said

Seoul's participation in the first meeting of the 'Chip 4' group could heighten the stakes as it seeks to navigate the divide between the US and China over semiconductors

MIT Professor Chen Gang, investigated by the US for links to China, is among researchers who discovered a material they say may be better for making computer chips than silicon.

SMIC got hit with US sanctions three days after he joined the company, and the Chinese government did not trust him due to his Taiwanese-US citizenship, Chiang said.

China's biggest chipmaker reported a big jump in second-quarter revenue and $514m in profit on Friday, but warned that the sector faces "panic and uncertainty"

Samsung vice-chairman Jay Y Lee and another top businessman won pardons on Friday from President Yoon Suk-yeol, who wants them to help rev up the South Korean economy.

The Taiwanese electronics maker forecast flat revenue growth for the quarter ending in September amid concerns over the impact of inflation and a potential recession on gadget demand. 

Covid lockdowns in China and soft demand hit the computer giant, which reported flat revenue for the June quarter – its worst result in nine quarters.