Indonesias finance minister announced that the countrys budget deficit is projected to rise to 2.7% of GDP in 2024 due to the rupiahs depreciation and reduced tax revenue from the mining sector. The ...
U.S. Creates High-Tech Global Supply Chains to Blunt Risks Tied to China
The Biden administration is trying to get foreign companies to invest in chip-making in the United States and more countries to set up factories to do final assembly and packaging.
Indonesia business lobby says tariffs ‘not solution’ for industry
TOKYO -- Indonesia's plan to introduce new import tariffs on items like clothing and cosmetics is not the answer for local industries struggling to grow, the head of a major local business group, said ...
India event organiser arrested after fatal crush
On Friday night, police said they had arrested Devprakash Madhukar, the main organiser of the event, in the Najafgarh area of the capital, Delhi, and handed him over to police in neighbouring Uttar ...
Modi’s Russia visit shows India isn’t worried about making the US mad
India buys about $60 billion of goods a year from Russia. In contrast, Russia buys less than $5 billion worth from India.
China says Philippine warships ‘damaged’ reef at atoll in South China Sea
China said on Monday "illegal" beaching of Philippine warships at the Nansha islands in the South China Sea had "gravely damaged" the coral reef ecosystem in the area, as both countries tussle over ...
Indonesia’s energy subsidies to rise this year: Finance Minister
Finance Minister Sri Mulyani Indrawati said on Monday that the energy subsidies in the State Budget (APBN) are expected to increase this ...
Nvidia Could Generate $12B In China With New AI Chips That Comply With US Restrictions: Report (CORRECTED)
The headline of this story has been updated to more accurately depict the nature of Nvidia’s sales of AI chips in China. Nvidia Corp (NASDAQ:NVDA) is on track to sell $12 billion of artificial ...
Nvidia Could Generate $12B In China With New AI Chips That Comply With US Restrictions: Report (CORRECTED)
The headline of this story has been updated to more accurately depict the nature of Nvidia’s sales of AI chips in China. Nvidia Corp (NASDAQ:NVDA) is on track to sell $12 billion of artificial ...
China’s production of boring chips is getting exciting
The EU may place restrictions on imports of so-called legacy chips from China, but ASML, Europe's biggest tech firm, warns of negative consequences.