Indiana’s Republican governor became the latest US lawmaker to lead a delegation to Taiwan following House Speaker Nancy Pelosi’s trip earlier this month that sparked condemnation and military threats from China. Gov. Eric Holcomb met with Taiwan’s President Tsai Ing-wen on Monday, part of a four-day visit to Taiwan and…
Chinese tech giant Tencent on Wednesday posted its first drop in quarterly revenue since going public, as the company grapples with China’s economic downturn, pandemic disruptions and ongoing scrutiny from regulators. Revenue in the second quarter fell three percent to CNY 134 billion (roughly Rs. 1,57,000 crore) compared to the year…
Digital attacks against Taiwanese government websites ahead of US House of Representatives Speaker Nancy Pelosi’s arrival in Taipei on Tuesday were likely launched by Chinese activist hackers, or “hacktivists,” a cybersecurity research organisation said. The website of Taiwan’s presidential office was targeted by a distributed denial of service (DDoS) attack on Tuesday…
The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that the US cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said. Authorities are concerned Huawei…
TikTok’s global chief security officer Roland Cloutier, who oversees cybersecurity, is stepping down from his role but will stay at the company, according to an internal memo seen by Reuters. “With our recent announcement about data management changes in the US, it’s time for me to transition from my role…
Shares in ASML Holding, a key supplier of equipment to semiconductor makers, fell on Tuesday following a Bloomberg News report that the US government wants to restrict the company from selling equipment to China. ASML has already been unable to ship its most advanced tools to China, but the report…
Tesla is expected to end its nearly two-year-long run of record quarterly deliveries as a prolonged COVID-related shutdown in Shanghai hit its production and supply chain, highlighting the risks of its reliance on China. While Tesla Chief Executive Elon Musk has been pursuing the acquisition of social media platform Twitter,…
Global exports of semiconductors to Russia have plummeted by 90 percent since the United States and allies slapped export controls on Moscow over its invasion of Ukraine, US Commerce Secretary Gina Raimondo said on Wednesday. Raimondo, speaking at an annual Commerce Department conference, also said that controls placed on Russia’s…
After a public crackdown by the Chinese government on anything that has to do with cryptocurrency, one of China’s most popular instant messaging and calling apps in WeChat has now banned crypto-related accounts on its platform. As suggested by reports, accounts that issue, trade, and finance crypto and non-fungible tokens…
China’s expulsion of crypto miners and other judgements had effectively restricted crypto trading and associated operations within its borders, but a recent judgment from the country’s Shanghai High People’s Court finds Bitcoin to be a virtual asset with economic value that is protected by Chinese law. The judgement arrived in…
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