TSMC's shares closed 6.5% higher on Friday in Taipei, cementing its position as Asia's most valuable listed company

China sees AI as an area in which it wants to rival the US, and has set its sights on becoming a world leader in the field by 2030

"We are deeply concerned by the direct involvement of the United States in interferring with the export of lithography machines by Dutch companies to China," a commerce ministry spokesperson said

Jefferies analysts predict Apple's shipment volumes to China will see double digits declines in 2024

China's Alibaba and Tencent have reportedly told Nvidia that they will be switching to domestic firms such as Huawei for some advanced chip orders

India has emerged as one of the biggest destinations for global investments as firms across the globe rush to diversify their supply chains from China

The planned acquisition follows the Chinese financial technology group’s purchase of Singapore-based payments firm 2C2P

The milestone comes just three months after the chatbot was opened to the public following months of trials and scrutiny from Beijing

The Chinese tech giant plans to focus on its device business over the coming year, while increasing the efficiency of its overall operations to counter geopolitical uncertainty

The surge suggests Chinese chip firms are racing to acquire lithography systems before Dutch export curbs tighten from next year

Tesla paid 222.42 million yuan ($31.13 million) for use rights to a 19.7-hectare (48.7 acres) plot in Shanghai for $31.13 million

Among other measures, the rules implement tougher licensing regulations and call for stronger protection of user information and payment accounts