TSMC is currently prohibited from producing advanced processors for China, as it uses American chipmaking tools, and hence falls under the purview of recent sanctions

The investment is part of Saudi efforts to prevent “Silicon Valley dominating this industry,” FT reported, citing a source close to the Aramco-linked fund

Ministry of Justice investigators named Luxshare Precision Industry as one of eight Chinese companies "that came to Taiwan to illegally engage in the poaching our high-tech talents."

"Although stock markets have performed strongly in May, just in the last week it seems very stressed," one analyst said, pointing to investor jitters on inflation expectations

Stronger than expected consumer confidence data pushed US government bond yields to a near four-week peak, lifting their global counterparts

Chinese premier met South Korea's Yoon and Japan's Kishida in Seoul in a push to revitalise ties, plus talks on a three-party free-trade deal

Alibaba has signed former England soccer star David Beckham as a salesperson to give its e-commerce site AliExpress a lift; it will also be a sponsor of the UEFA tournament next month

Entrepreneur plans to build a supercomputer "four times as powerful than the GPU clusters that exist today", to drive a smarter version of his AI chatbot Grok

Taiwanese group hails sector's prospects after chip designer Nvidia's upbeat earnings forecast lifts tech stocks, amid a wave of optimism over AI

US lawmakers voice concern on possible transfer of sensitive tech; but Microsoft says deal with UAE firm would have to adhere to US regulations, which are still evolving

China's biggest tech giants have intensified a price war that started in the cloud computing sector and has now spread to AI chatbots

The discounts on offer are more substantial than the ones Apple offered in February, which helped perk up the company's shipments in March