Governments are deploying 'wartime-like' efforts to win the global semiconductor race
The reasons for the ongoing global chip shortage, which is set to last into 2022 and possibly 2023, are complex and multifaceted.
CNBC Asia
Taiwan's Taiex drops nearly 3%; Asia-Pacific mixed as investors react to China economic data
The Taiex in Taiwan fell 2.99% on Monday, leading losses among the region's major markets.
Chinese driverless car company WeRide valued at $3.3 billion after fresh funding
WeRide is one of the many companies based in China pushing aggressively to take a lead in the autonomous driving space globally.
China says retail sales grew 17.7% in April, missing expectations
China said Monday that consumer spending grew at a slower-than-expected pace in April.
Why some employees are quitting the 9-to-5 to be their own boss during the pandemic
As Covid-19 disrupted traditional industries and careers, some workers have decided to go it alone.
Singapore to shut schools as coronavirus cases rise
Singapore will shut most schools from Wednesday after the city-state reported the highest number of local COVID-19 infections in months.
Chip shortage expected to cost auto industry $110 billion in revenue in 2021
The estimate is up 81.5% from an initial forecast of $60.6 billion from consulting firm AlixPartners.
A Toshiba business unit says it has been attacked by hacking group DarkSide
A Toshiba Tec spokesperson told CNBC that the attack seems to have been carried out by cyber criminal group DarkSide.
Singapore stocks slump as Covid restrictions tighten, travel bubble with Hong Kong likely delayed
Singapore's government said Friday it's "very likely" that the air travel bubble with Hong Kong will not begin on May 26 as planned.
Japan's Nikkei 225 jumps more than 2%; Alibaba shares in Hong Kong drop 4%
Hong Kong-listed shares of Alibaba fell 4.03% on Friday after the firm posted its first operating loss as a public company in its fiscal fourth quarter.
India reports more than 343,000 new cases as one professor claims infection may have peaked
Government data released Friday showed there were 343,144 new reported cases over a 24-hour period, where at least 4,000 people died.
Chinese electric car company Xpeng predicts chip shortage will last another quarter
Xpeng's U.S.-listed shares fell nearly 4.9% in Thursday's trading session despite the start-up reporting greater-than-expected revenue in the first quarter.
Australia will be 'patient' in trying to improve relations with China, says deputy prime minister
China said last week it would "indefinitely" suspend an economic dialogue it was to have held with Australia, the latest in the rift between both countries.
Tesla's Model Y slumps in China sales rankings, data shows
Tesla's Model Y, which launched to customers in China in January, fell to sixth place in April, down from third, according to China's Passenger Car Association.
Already under massive stress from the virus, more Indian workers turn to ‘gig economy’ livelihoods
The coronavirus pandemic has shaken up the country's labor force, moving the focus sharply to freelance, part-time jobs.
Asia accounts for 99 out of 100 top cities facing the biggest environmental risks
Indonesia's Jakarta was named the riskiest city globally due to severe air pollution as it also faces perennial threats from flooding and seismic activities.
SoftBank’s Masayoshi Son says he's not worried Big Tech power will crowd out start-ups
"Those big companies, of course, have to behave within the reasonable range, but they are reasonable companies," SoftBank CEO Masayoshi Son told CNBC.
Alibaba posts first operating loss as a public company following $2.8 billion antitrust fine
Alibaba got slapped with a massive 18.23 billion yuan ($2.8 billion) fine in April as a result of an anti-monopoly investigation into the company.
Nissan to make half a million fewer cars in 2021 due to chip shortage
Nissan is planning to make half a million fewer vehicles in 2021 as the global chip shortage continues to wreak havoc on the automotive industry.
Asia markets slump after Wall Street dives on rate hike fears; Japan's Nikkei drops 2.5%
Investors are awaiting tech giant Alibaba's first-quarter and full fiscal year results that will be released on Thursday at 7:30 p.m. HK/SIN.
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