The pledge to intensify the search for core tech breakthroughs comes after last week’s US ban on AI chip exports to China

China's top banks face narrowing margins as they’ve also been asked by Beijing to boost their lending to the country's struggling economy

Hynix’s parent, the SK Group, also recently announced plans to build a chip packaging facility in the United States

The gloomy global outlook and Europe’s Russian gas crisis weighed on sentiment but there were hopes of more economic support from Beijing

Businesses in Japan and South Korea were bracing themselves as Typhoon Hinnamnor began to pound their shores

Stocks across the region slipped lower after Russia shut a major gas pipeline to Europe sparking fears of recession

Chinese tech chiefs at the World Artificial Intelligence Conference in Shanghai are said to be looking at speeding up their own AI chip development programme

Korean tech conglomerate revealed an ‘unauthorised third party acquired information from some of Samsung's US systems'

Li Zhanshu will be at the Eastern Economic Forum in Vladivostok this week and will also visit Mongolia, Nepal and South Korea

Banks have started to dial back their exposure to the ailing sector with total real estate loans rising just 3.3% this year while overall lending rose 7.9%

White House has invited 12 Pacific island countries, including the Solomon Islands, which signed a security pact with China in April

The Biden administration had been mulling over whether to scrap some tariffs in a bid to ease inflationary pressures in the US