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The news comes after China's biggest company reported a second straight quarterly sales drop, hit by the economic slowdown and China's regulatory crackdown.
The move is an effort to bolster ASML's relations with customers like Samsung and SK Hynix in the face of new US chip sanctions against China
FBI director Christopher Wray told lawmakers in Washington on Tuesday the Chinese government could harness the video-sharing app to influence users or control their devices.
Taiwan, home to the world's largest contract chipmaker, TSMC, plays an outsized role in providing chips used in everything from cars to fighter jets
According to its IPO prospectus, the chip unit listing aimed to raise $281 million to fund projects and replenish capital
Tencent cut jobs earlier this year too, alongside the likes of Alibaba, as Beijing’s crackdowns and the economic slowdown take their toll
FTX founder and former chief executive Sam Bankman-Fried, said he expanded his business too fast and failed to notice signs of trouble at the exchange
TSMC shares jumped after Berkshire Hathaway disclosed in a filing that it owns about 60.1 million American depositary shares of the Taiwanese chipmaker
The average selling price jumped 15% year-over-year, and 6% from the previous quarter, to a record $226, market research firm IDC said
"We do need some regulations. We do need to do this properly. We do need to do this in a stable way," Binance CEO Changpeng Zhao said
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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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