16 April 2025

The US government’s latest export restrictions on Nvidia’s H20 artificial intelligence (AI) chips are set to disrupt the plans of China’s Big Tech firms in the industry, forcing companies such as ByteDance and Tencent Holdings to accelerate their shift to domestic semiconductor alternatives, according to analysts. US chip giant Nvidia disclosed on Tuesday that Washington […]

Gross merchandise volume (GMV) on TikTok Shop amounted to US$197.4 million last week, a drop from US$250.9 million the previous week, after the US first announced “reciprocal” tariffs on Chinese imports, according to EchoTik, a third-party website tracking TikTok sales. TikTok’s GMV reached US$290.8 million in the last week of March. The White House said

ASML Holding reported orders for the first quarter that were almost €1 billion less than expected and warned that it did not know how to quantify the impact from recent tariff announcements, which are threatening to upend the semiconductor industry. The Dutch company, which counts Taiwan Semiconductor Manufacturing Company and Intel among its biggest customers,

Chinese premium electric vehicle (EV) maker Xpeng introduced the latest version of its X9 multipurpose vehicle for the local market and aimed to launch it in Europe from July as part of its drive to quadruple its sales in export markets. The all-electric seven-seater vehicle will enter the mainland market with a starting price of