South Korean tech giant aims to continue with its investment plans despite rivals moving to scale back output and spending, amid concern about a global recession.

An annual survey by the American Chamber of Commerce in Shanghai and PwC China found only 55% of 307 companies are optimistic about the five-year business outlook.

Senior Commerce official says US expects to sign a deal with allies in the near-term to support new rules launched to cut China's access to advanced chipmaking tools.

Samsung insiders say his quiet manner disguises a steely determination that Lee will need if he is to grow Samsung amid mounting business headwinds amid a sharp downturn in global tech demand

Marvell joins other US companies scaling back their R&D operations in China after Washington imposed tough sanctions on China's chip sector

Korean tech groups SK Hynix and LG Display joined US tech giants in reporting big slowdowns in growth and warning things are going to get worse, fanning recession fears.

The world's second-largest memory chipmaker, said its 2023 investment would be cut by more than half, and warned of uncertainty on its operations in Wuxi, China after US export curbs

All six members of the party's new executive committee boast scientific expertise, from nuclear power to rocket science, reported the SCMP

The Chinese memory chipmaker YMTC has asked US employees to leave group in a bid to comply with the export restrictions imposed recently by the Biden Administration

US chip equipment makers could lose market share and revenue to competitors in countries like Japan and South Korea, if firms find a workaround for the latest curbs, one analyst said

Toyota has already slashed its global production target for the last financial year three times, from 9.3 million in May 2021 to 8.5 million this February

Foxconn's Zhengzhou campus banned all dining at the plant this week and required workers to take their meals back to their dormitories