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The state-backed fund is looking to support various elements of the semiconductor supply chain, including “design, equipment, components and raw materials,” state media says
CEO Huang said the group's plan "is to continue to work with the government to come up with a new set of products that comply with the new regulations that have certain limits".
US Commerce Secretary warns chip sector that Washington is set to “transform” its approach to export controls to stop firms like Nvidia from innovating specifically for the Chinese market
The joint public-private project will serve companies like China Telecom and AI firm SenseTime, and see huge savings on land and electricity costs
Cyclone Michaung was sweeping down India’s eastern coast, closing Chennai’s airport and sweeping cars away in the city
The pledge by over half the world's countries to triple renewable energy was perhaps the most positive news at COP28 on Saturday
Honda Motor said on Saturday it was dismissing about 900 workers at its JV with Guangzhou Auto in China, while Toyota has halted some operations in Tianjin amid weak sales
Dismissing claims of a 'dangerous breakthrough' at OpenAI, Microsoft President Brad Smith said a breakthrough in super-intelligent AI was not likely this year
Group's vice-president and chief financial officer are suspected to have been detained by authorities, who are now probing the shadow bank's dramatic implosion
A bill requiring US companies to notify federal agencies of investment in Chinese technologies is opposed by a key lawmaker who believes Washington needs to invest more in its rival
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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