SMIC said it predicts revenue for the year ahead to "decline by low-teens percentage year-over-year” marking a break from previous continual growth

"The United States is being strict, but there is a question of whether we have to exactly match that," said former economy minister Akira Amari.

A shortage of chips is preventing Subaru and other automakers from ramping up production following the loss of business from Covid

Nearly half of companies surveyed by AmCham are reviewing or plan to review their business plans. Many have been disrupted by elevated geopolitical tension, costs and staff anxiety

Last month, on the heels of an export ban by the US and amid ongoing lay-offs in tech industries across the world, YMTC announced it would dismiss 10% of its staff

Tokyo has reportedly agreed to join the United States and the Netherlands in halting shipments of semiconductor manufacturing equipment

US Secretary of State Antony Blinken has cancelled his planned visit to China after a Chinese spy balloon was tracked flying across the country

President Xi Jinping warned this week that China must speed up moves to become self-reliant in science and technology "to prevent being strangled by foreign countries"

Washington hopes to deploy more Western mobile phone networks in India and also welcome more Indian computer chip specialists to the US

The laid-off workers were identified as 'poor performers' just two months after the US chip sanctions on China hit YMTC, SCMP said

US officials are now blocking 4G items, Wifi 6 and 7, artificial intelligence and high-performance computing and cloud items from being shipped to Huawei; China says this is a serious concern

Taiwan's export orders are likely to have contracted again in December as the island feels the hit of cooling global demand