China led the funding of chip startups in 2023 by a wide margin over the US, with local startups receiving 75% of all venture-capital funds in firms doing chip design, making chips or chip equipment

China is pushing to become a world leader in the field of AI by 2030 but wants to keep the game-changing technology under its purview and control

Custom officials say integrated circuit chips, classed as strategic items and worth $11.6 million, were funneled to mainland via a South Korean company; firm's executives now face prosecution

The machines are aimed at disrupting the most expensive step in the chipmaking process, by “stamping” chip designs on to silicon wafers instead of etching them using ultraviolet light

The move will give “all types of investors more time to digest market information” and create “a fairer market order," China's markets regulator said

The move “will help accelerate a reduction of housing inventory and promote activity of the property market," one analyst said

The US is pushing to require its cloud firms to verify the identity of foreign entities who sign up for their services, through a "know-your-customer" program

The Joe Biden Administration is expected to begin handing out subsidies to top semiconductor companies in the coming weeks, according to a WSJ report

The strike marks a serious escalation of attacks by Houthi militants given they have, so far, primarily targeted container vessels moving through the Red Sea

Since the assault by Iran-backed Houthis began in December, 39% fewer ships are moving through the Suez Canal, leading to a 45% decline in freight tonnage

A record 9 billion domestic trips are expected to be made over the next six or so weeks, state media has predicted.

"Our observation is generally that the Chinese car companies are the most competitive car companies in the world," the Tesla chief said at a post-earnings call