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China's passenger vehicle sales also sank by 14% in a slow start for 2024, while in Japan Honda and Toyota both upgraded their earnings
The figures are for the quarter that saw Beijing fining the group $984 million for violating consumer protection and corporate governance laws
The Shanghai government is looking to speed up approvals for foreign firms that want to relay local data to head offices in other countries
Chinese officials expressed disquiet about US tariffs, investment restrictions and sanctions that 'suppress' Chinese companies in talks with US Treasury officials in Beijing on Monday and Tuesday
Intelligence chiefs in The Netherlands said the cyber gang breached an armed forces network but tech firms like ASML were also targets
Work on TSMC's second plant in Kumamoto will begin late this year. Its factories will have a monthly capacity of over 100,000 12-inch wafers for auto, industrial, consumer and high performance-related uses
The 5nm tech will be used to produce chips for Huawei's new smartphones, and, if successful, could also be used for its AI chips
A key topic of the US-China Economic Working Group's talks will be China's subsidies, which the US says encourage overproduction of goods with the potential to flood global markets
Global chip sales are forecast to jump 13% this year after a shaky 2023, according to an industry group
Fraudsters used past meetings to create AI deepfakes of the firm's chief financial officer and other staff to scam an employee into transferring company funds
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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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