The landmark deal, signed when Beijing and Washington established diplomatic ties in 1979, needs to be renewed about every five years and is currently set to expire later this week

Asian markets surge, with Hang Seng climbing 2% and the Nikkei rising by 0.9%, while investors wait for Fed chief's speech at Jackson Hole on Friday

Beijing quietly launched a new initiative to lure elite foreign-educated IT and chip talents to accelerate its tech proficiency, sources and government documents reveal

The more than 300-page document mentioned "PRC" 130 times and "China" 222 times, as it outlined risks and uncertainties emanating from the ongoing chip war between Beijing and the West

US President wants to visit to Hanoi in mid-September to sign a strategic partnership pact with Vietnam to bolster economic and security ties, sources say

Intel's proposed merger appears to be a victim of the US-China 'chip war', as it is one of several deals that Chinese regulators have failed to endorse

Sources say SoftBank Group is in talks with Vision Fund 1 to buy the 25% stake in Arm it does not directly own as it gets ready for the chip designer's Nasdaq IPO

One fund chief said China could restrict exports of rare earths used in consumer electronics and EVs vehicles, and target US technology companies

Beijing "resolutely opposes" the US restrictions, after the Biden administration explains the 'narrow subsets' of its move and likely outcomes for various sectors in 2024, when the new rules will start

Chinese tech giants Baidu, Tencent, Alibaba and Bytedance have placed orders worth $5 billion with Nvidia for its top AI chips and GPUs, but it is unclear if these items will be affected by the latest White House order

The US is expected to target private equity, venture capital and joint venture investments in China in chips, quantum computing and AI; firms will have to report that activity, sources say

The factory in Saxony, which will see auto parts maker Bosch and semiconductor makers Infineon and NXP each own 10% of the plant, is planned to open in 2027