Latest: Fintech News
The Biden administration is keen to close a loophole in restrictions it imposed a year ago to stop or reduce China's access to artificial intelligence chips, sources say
The world's largest contract chipmaker, TSMC, was given a one-year waiver for its factory in Nanjing, China, but is now looking for an indefinite extension
New Delhi’s Enforcement Directorate alleges Vivo India transferred $7.5bn to China illegally to "disclose huge losses" in the country to avoid payment of taxes
The world's biggest maker of memory chips, smartphones and TVs is likely to see a third-quarter earnings plunge, according to forecasters
Shares of China's largest private developer sank nearly 11% on Tuesday after it warned liquidity is very tight and it faces uncertainty on the sale of assets and restructuring of its debts
Samsung makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi
In order to meet the demands of the rapidly developing AI industry, Beijing also plans to improve computational infrastructure in western China
The Biden administration says its restrictions keep high-end technology out of the hands of SMIC but some lawmakers say the firm still has lofty ambitions
Latest research suggests the new Type 096 ballistic missile subs could pose a challenge to growing US and allied efforts to track them; PLAN may have copied Russian stealth designs
The Commerce Department says the listed entities supplied US-origin integrated circuits to Moscow’s military
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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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