As the impact of charges levelled against consultancy firm Capvision reverberates across the industry, some consultants in China are now scrambling to reduce risk

US intelligence director Avril Haines gave that estimate of global economic impact to the Senate Armed Services panel, noting that Taiwan's TSMC is the world's biggest maker of advanced chips

The probe suggests other companies or industries could be singled out by Beijing based on unclear suspicions, AmCham China said

The development comes amid political and regulatory uncertainties in China that have pushed foreign businesses to move out of the country

Washington has asked Seoul to encourage Samsung and SK Hynix to hold back from boosting China sales if Micron is banned as a result of an ongoing investigation

The Chinese tech giant was cut off from software core to the company's operations by several successive rounds of US trade sanctions

But TSMC is said to be concerned about rules that could require it to share profits from the factories and provide detailed information about operations to access those subsidies

The balloon could generate up to 10,000 watts of solar power, more than enough to operate a radar that can return images at night and penetrate clouds and thin materials such as tarps

“Intel is welcome to stand committed to the Chinese market and contribute to promoting China-US economic and trade cooperation,” China's vice president said

Analysts say China's latest military drills, held from Saturday to Monday, show Beijing is serious about being able to cut off the democratically ruled island in a conflict

The Cyberspace Administration of China said it would conduct a security review of Micron's products sold in the country

Japan wants to stop its advanced technology being used for military purposes and does not have a specific country in mind, the country's trade minister said