The unprecedented oversupply of commodity chips has lingered since last year, and added to woes of an industry that was battling a Covid-induced shortage until the first half of 2022

Samsung Electronics say a demand recovery is mostly in high-end AI chips and not enough to force a turnaround on planned cuts after a $7bn half-year loss

Passed by an overwhelming majority in the senate, the bill will need the backing of the US House of Representatives and President Joe Biden before it can become law

The world's largest contract chipmaker said last week it was unable to fulfil customer demand driven by the surge in AI services

The world's largest contract chipmaker, which saw Q2 revenue down 13.7% on last year, says the global economic recovery has been weaker than expected

Chinese diplomat Wang said China and the EU should enhance mutual trust, deepen cooperation, and not encourage backpedalling, on 20th anniversary of their strategic partnership

Regulators say the measures will not apply to firms who don't intend to offer their generative AI services to the Chinese public to encourage development of the technology

The 12% slump in outbound shipments was worse than expected in the year-on-year Customs data for June. Imports also contracted by 6.8%.

Patents for small computer chips, developed by a struggling US company, were sold to China two years ago, in a move some say highlights a need to reform the government watchdog CFIUS

Investors are now hoping the strict rules that have stymied growth since late 2020 will start to ease, after China's central bank slapped a nearly $1 billion fine on Ant Group

The US sanctions-hit tech giant said it aims to help clients build and train their artificial intelligence (AI) models with its homegrown processors and framework

Firms across the globe are scrambling to assess the impact on supply chains from restrictions China announced this week, with a focus on finding alternatives for key components