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15 Apr US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

Posted at 13:20h in Asia

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department.A general view of Samsung Electronics’ semiconductor...

10 Apr TSMC’s sales surge most since 2022 after riding AI chip boom

Posted at 12:43h in Asia

Taiwan Semiconductor Manufacturing Co’s quarterly revenue grew at its fastest pace in more than a year, shoring up expectations that a global boom in artificial intelligence (AI) development is fuelling demand for high-end chips and servers.The main chip maker to Nvidia and Apple reported a...

20 Mar Apple CEO Tim Cook goes on a charm offensive in China amid weak iPhone sales in the world’s largest smartphone market

Posted at 14:00h in Asia

Apple chief executive Tim Cook on Wednesday met Chinese video game developers, a filmmaker and the billionaire founder of BYD in Shanghai, ahead of the company’s new store opening in the city, as the US tech giant goes on a charm offensive amid weak iPhone...

12 Mar Apple to expand applied research labs in Shanghai and Shenzhen as iPhone sales weaken in world’s largest smartphone market

Posted at 11:30h in Asia

Apple is enlarging its applied research operations in mainland China, as the US technology giant’s iPhone sales slow in the world’s largest smartphone market amid increased competition from Huawei Technologies and other major domestic handset vendors.Cupertino, California-based Apple plans to expand its research centre in...

29 Feb Opinion | 9 lessons for investors in new era of stock market record highs

Posted at 07:15h in Asia

One day last week, my screen of daily global stock market price indices was a sea of green as every price was up. India touched an all-time high a month ago, earlier this month it was Australia and last week the EuroStoxx 600, the US...

26 Feb US commerce chief visiting China to meet officials and business leaders

Posted at 18:16h in Asia

The CEO of the US Chamber of Commerce, Suzanne Clark, is leading a delegation of former US government officials to Beijing this week, the group said.The group will meet senior Chinese government officials and local business leaders, as well as American business executives and foreign...

06 Feb Semiconductor manufacturing giant TSMC pushes development of second chip plant in Japan with new investor Toyota

Posted at 13:53h in Asia

TSMC, the world’s largest contract chip maker, said that Toyota Motor Corp will be joining as a new investor of Japan Advanced Semiconductor Manufacturing (JASM), the Taiwanese firm’s majority-owned manufacturing subsidiary in Kumamoto Prefecture on the southwestern island of Kyushu.The TSMC board on Tuesday...

02 Feb Apple’s China sales fall 13% in December quarter amid weak iPhone demand, increased competition from Huawei

Posted at 11:29h in Asia

Apple reported a nearly 13 per cent drop in revenue from its Greater China region in the December quarter, a setback that chief executive Tim Cook shrugged off amid the US tech giant’s overall global growth and its steadfast confidence in the...

28 Jan South Korean League of Legends esports league faces challenges in mainland China after Taiwan controversy, halted broadcast

Posted at 11:00h in Asia

While the win was regarded as strong proof of Korea’s status as a global esports powerhouse, LCK league seems to be getting off on the wrong foot in 2024.Chinese teams dominate in esports matches at Asian Games despite Beijing’s harsh policiesAs LCK kicked off its...

13 Jan Opinion | Irresponsible brinkmanship puts Asia’s stability and prosperity at risk

Posted at 08:30h in Asia

For many years, Asia has seen the dawn break at the start of a new year on a land of relative peace and prosperity. This year, however, the morning sky is clouded with ominous signs of uncertainty and perhaps coming storms.This is unusual for a...

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