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The bill provides about $52 billion in subsidies for US semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion
South Korean conglomerate has already committed $7bn to build two new gigafactories in Tennessee and Kentucky in joint venture with Ford
Seven executives of Ant have left the Alibaba Partnership, the body that elects the e-commerce giant's board, following a demand by regulators that the two tech giants be 'decoupled'
Thailand's Securities and Exchange Commission has asked Zipmex users to submit information via an online forum on how they were affected by problems at the crypto exchange platform
Intel didn’t give financial details but said the first products would be manufactured in the next 18- to 24-month period
Startups globally struggled to raise funds as investors rushed out of tech stocks
Despite company denials, 'multiple sources' told CNN that Huawei equipment could capture and disrupt communications to US nuclear arsenals, the report said
China will respect privacy and protect personal information in using digital yuan, Mu Changchun, director-general of the central bank's Digital Currency Research Institute said
The news from the banking regulator follows an announcement announcing a second round of repayment to depositors whose funds were frozen
Fumio Kishida said the government wanted to share risks associated with "bold" investments. "Furthermore, I would like to appoint a new minister in charge of startups."
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
Fintech InsightsHow Livestream Shopping Works In China
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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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