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

Sources say staff were given instructions to also not use other foreign-branded devices or bring them into the office

The car firm is following in the footsteps of rivals like Zhejing Geely who acquired smartphone maker Meizu last year in a bid to upgrade their cars’ tech offering

Shares of the still loss-making automaker have rallied more than 333% over the past five days, reaching a valuation of roughly $190 billion

Foxconn founder Terry Gou, who’s running in Taiwan's presidential election, said Beijing won’t be able to influence him despite his business links in China

China’s top-selling automaker has returned sizzling sales figures and bumper profits despite a price war initiated by US EV rival Tesla

The deal is another shot in the arm for the currently loss-making startup, coming on the heels of a stake sale to, and partnership with, Germany's Volkswagen

The Indian mission was accomplished with a budget of about 6.15 billion rupees ($75 million), less than the cost to produce the 2013 Hollywood space thriller "Gravity”

The moves followed reports that South Korea's Star Group Industrial, which supplies magnets to VinFast and Hyundai, is investing $80 million in a new factory in Vietnam

The cash-burning company is currently worth $35 billion, down from $85 billion in its Wall Street debut, that valued the carmaker twice as much as Ford and General Motors

Chinese brands such as BYD, Nio and SAIC's MG, which have raced past foreign rivals to top sales rankings at home, will have to overcome a new set of challenges to thrive in Europe

The Uyghur Forced Labor Prevention Act has focused mainly on solar panels and cotton goods but now EV products and parts are being scrutinised