Japan’s trade minister pledged the government will hike its financial support for chipmaker Rapidus Corp. as it works to develop cutting-edge semiconductors, arguing domestic production of such components is essential for the country to excel in artificial intelligence and autonomous driving.
Paxful, an Africa-focused Bitcoin trading platform, is suspending its operations, the company’s co-founder, Ray Youssef, said in a statement, citing key staff departures and growing regulatory challenges.
The ChatGPT revolution opens the door to a four-day week by providing a major productivity boost for swathes of jobs, according to a Nobel Prize-wining labor economist.
Amazon.com Inc. and Microsoft Corp.’s cloud services could face a full-blown antitrust probe in the UK after the country’s digital regulator said the firms may be abusing their market power to thwart fair competition.
Bob Lee, the chief product officer of crypto startup MobileCoin Inc., has died, the company said.
Hon Hai Precision Industry Co. increased revenue by only 3.9% last quarter, underscoring how fears of a recession are crimping demand for iPhones and other consumer electronics.
Ecopro Group, a battery materials maker that supplies Ford Motor Co. and Samsung SDI Co., plans to expand its manufacturing presence in South Korea, according to people familiar with the matter, after guidance last week clarified provisions around the US’s landmark climate bill.
Apple Inc. is set to open its first official retail store in India soon, a landmark move for the iPhone maker which is placing big bets on the South Asian nation for everything from manufacturing to sales.
(Bloomberg) — The trade ministers of the Group of Seven countries expressed “serious concern with economic coercion” in a meeting held online and said they would explore joint responses to it.
Japan’s decision to join the US and Netherlands in restricting exports of chipmaking gear to China is giving the allies powerful new weapons to deploy in the escalating technology war.
