Latest: Fintech News
Chip giants allowed to continue work at their China factories, but the ban on US citizens working for local firms has shocked the sector, forcing firms like Naura and YMTC to pull key staff
Experts said the US chip restrictions could lead to its "Sputnik" moment, prompting Chinese chipmakers to try creative engineering solutions and chart their own course
California-based supplier of chipmaking technology says export restrictions will would result in a net sales loss of $250 million to $550m in the current and next quarters.
Blockchain.com becomes one of the 18 approved crypto services in Singapore, out of 180 who have applied for a licence since January
Byetdance hopes the move will motivate employees amid slowing growth and uncertainty over a plan to go public, sources said.
Apple and Samsung have vowed to upgrade software for their 5G-enabled phones in India over coming months, despite some compatibility issues.
Memory chipmaker confirms that it received an exemption on the new US restrictions. Samsung has yet to comment, but it is also tipped to get a reprieve for its operations in China.
If investigators find a breach of Australian privacy law, they can seek civil penalties of up to $1.4 million per contravention
China regards other countries "as either potential adversaries or potential client states, to be threatened, bribed or coerced,” GCHQ head Jeremy Fleming said.
US chip tool maker will cease offering some supplies and services from Wednesday to customers in China, a source revealed on Tuesday.
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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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