The Singapore-based lender said the layoffs were to reduce the company's expenditure and leave it with only about 10 employees.
The decision to stop the buyout is the UK's latest move to protect its technological edge from Chinese ownership, The Guardian reported.
The meeting comes on the heels of a new US CHIPS Act that includes $52 billion in subsidies for companies that make chips or conduct chip research in the United States.
The world's largest memory chipmaker said plans to invest about $15 billion in the centre at Giheung, south of the capital Seoul, over the next six years, it said
The Cyberspace Administration of China also said it supports overseas listings, and that the aim is to ensure that data is not abused by foreign governments.
Seoul's participation in the first meeting of the 'Chip 4' group could heighten the stakes as it seeks to navigate the divide between the US and China over semiconductors
Gaming giant suffered its first quarterly sales fall on Wednesday and has been hit hard by Beijing's clampdown on game approvals and playing time, not to mention Covid lockdowns
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