Gotion will be eligible to receive US tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from Illinois

The announcements come on the heels of a series of nationwide support measures announced by Beijing for the property sector

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

The sweeping deal aims to link South Asia and the Middle East to help the flow of energy and trade from the Gulf to Europe

While India and the US are not formal treaty-bound allies, Washington wants New Delhi to be a strategic counterweight to China

The chief of one of the world’s biggest chip equipment-makers, ASML, said isolating China completely will ‘force’ the country to ramp up innovation

Australian PM Anthony Albanese signed a strategic agreement with Philippine President Ferdinand Marcos Jr on Friday, which will see the two countries run joint naval patrols in the South China Sea

"The significance is that it shows that China has been able to stay 2-2.5 nodes behind the world's best (chip) companies," Dan Hutcheson, an analyst with TechInsights said

China's ban on iPhone use by government workers was extended to local government entities last month, raising fears that Apple and its suppliers could be hit hard by rising Sino-US tension

Authorities in the financial hub shut schools, the stock exchange and told workers to stay at home after over 200mm of torrential rain brought by the second typhoon in a week

Republican chair of influential House panel calls for harsher curbs after the discovery of new chips in Huawei phones "that may violate trade restrictions"

State media said the investment was a clear sign of Beijing's push to end the country's reliance on foreign semiconductor firms