Korean giant sees 10-fold rise in first quarter profit to over $52 billion, says strong AI demand will tighten supply of high-end chips. It plans to make the industry's first 12-layer chip

Interest in local Chinese partnerships comes at a time when foreign carmakers are quickly losing share in the world’s biggest car market

Chinese foreign ministry urges the US not to implement the "negative, China-related" parts of the military aid package passed by Congress last week

According to the IMF, India is also expected to overtake Germany to become the world's third-largest economic power by 2027

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a big lift in second-quarter sales

US tech giant plans to spend $8 billion over the next decade to grow Oracle Cloud Infrastructure, its cloud computing service, across Japan

Fading hopes of a US interest rate cut anytime soon have pushed the Japanese currency to 34-year lows

With Japanese firms now wary about investing in China, the US's economic resilience has proven too strong to ignore

A new report, by chip expert Chris Miller, said shipments from China accounted for 88% of the chips Russia acquired, measured by dollar value, in the first half of 2023

New coal power was brought online in China – and Indonesia, India, Vietnam and Japan – while there was a slowdown in closures in Europe and the US

Seoul is desperate to retain its world-leading role in semiconductors as AI takes chip development on to the next level

Companies in Japan have called for a law to stop unrestrained use of AI, saying they fear democracy and social order could collapse if artificial intelligence systems are left unchecked