Trimmed version of Congress bill is expected to include $52 billion in subsidies for the industry and tax credits for firms that make semiconductors in the US
TikTok is likely harvesting the data from troops to understand US army strategy and the locations of military barracks, said the Federal Communications Commission.
A report by the Wall Street Journal, citing sources familiar with the matter, said that Shanghai authorities had summoned executives from Alibaba's cloud division in relation to the data breach.
TSMC, a key Apple supplier and the world's largest contract chipmaker, said profit soared by 76% in the April-June period, to T$237 billion ($7.9 billion)
Taiwan is weighing a fine of up to T$25 million ($835,600) on Foxconn for funding struggling Chinese chip conglomerate Tsinghua Unigroup without government approval
Analysts said the yen's tumbling value against the dollar caused share price boosts for automakers and microchip producers
Taiwan has told Foxconn it must seek permission to invest in Tsinghua Unigroup, after reports that a China-listed subsidiary wants to invest $1.5bn as part of its push into computer chips
There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
The 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.
The Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
Asia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade