The cloud unit is Alibaba's second-biggest money spinner, valued at $41 billion to $60 billion ahead of an IPO planned for next year

Deals worth billions in a range of tech sectors were detailed at a business summit on Monday that coincided with President Joe Biden's trip to Hanoi

Speaking after talks with Chinese Premier Li Qiang at the G20 in Delhi, Biden said President Xi "has his hands full" because of China's economic "crisis"

Gotion will be eligible to receive US tax benefits totalling $213 million over 30 years and also get $125 million in capital funding from Illinois

The announcements come on the heels of a series of nationwide support measures announced by Beijing for the property sector

Senior executives from chipmakers including Intel, GlobalFoundries, Amkor and Marvell are expected to attend a business meeting on Monday in Hanoi

The sweeping deal aims to link South Asia and the Middle East to help the flow of energy and trade from the Gulf to Europe

While India and the US are not formal treaty-bound allies, Washington wants New Delhi to be a strategic counterweight to China

The chief of one of the world’s biggest chip equipment-makers, ASML, said isolating China completely will ‘force’ the country to ramp up innovation

Australian PM Anthony Albanese signed a strategic agreement with Philippine President Ferdinand Marcos Jr on Friday, which will see the two countries run joint naval patrols in the South China Sea

"The significance is that it shows that China has been able to stay 2-2.5 nodes behind the world's best (chip) companies," Dan Hutcheson, an analyst with TechInsights said

China's ban on iPhone use by government workers was extended to local government entities last month, raising fears that Apple and its suppliers could be hit hard by rising Sino-US tension