State media said the investment was a clear sign of Beijing's push to end the country's reliance on foreign semiconductor firms

Australian PM meets Chinese Premier at ASEAN summit, says trade has stabilized. Keen for more progress, he will visit Beijing later this year to mark the 50th anniversary of bilateral ties

Foreign envoys complain of lack of access to officials and scholars as geopolitical tensions simmer and officials become wary of contact amid a ramped up security drive and rising anti-Western sentiment

Guterres warned of fragmentation "in world economic and financial systems" amid differing views on technology and security; he also urged solutions for poor nations' debt and climate change

Among major backers of the chip designer is smartphone giant Xiaomi, which won approval last month from China's state planner to manufacture electric vehicles

Chinese Premier told a summit of Southeast Asian leaders it was important to oppose taking sides, to avoid bloc confrontation or a new Cold War; after talks on the South China Sea made no progress yet again

Analysts expect more debate in the US on the effectiveness of chip curbs and the possibility of Congress including harsher sanctions in a competition bill it is preparing against China

Opposition MPs are calling for an inquiry into a disputed weapons shipment from China in March last year, amid concerns of increased militarization of the island chain

The development follows sanctions-hit Huawei's success in building an advanced 7-nanometer processor, in collaboration with state-backed SMIC

Data from the Kyiv School of Economics showed China's 'Big Four' state banks increased their exposure to Russia from $2.2 billion to $9.7 billion in the 14 months since the war in Ukraine started

Payments of $22.5 million were wired before the end of a 30-day grace period, according to a source close to the company. But a further $162m is due this year on offshore bonds

Reports that Huawei's latest smartphone has 5G capabilities has sparked questions on the effectiveness of US sanctions and whether chip curbs on China should be expanded