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US to grant Samsung up to $6.4 bn for chip plants
US to grant Samsung up to $6.4 bn for chip plants
by  AFP

The United States on Monday announced grants of up to $6.4 billion to South Korean semiconductor giant Samsung to produce cutting-edge chips in Texas. Under the latest agreement, Samsung will not only build a new facility to produce advanced chips, but also expand its existing facility in Texas, according to the Department of Commerce.

OpenAI comes to Asia with new office in Tokyo
OpenAI comes to Asia with new office in Tokyo
by  AFP

ChatGPT creator OpenAI opened a new office in Tokyo on Monday, the first Asian outpost for the groundbreaking tech company as it aims to ramp up its global expansion. "We chose Tokyo as our first Asian office for its global leadership in technology, culture of service, and a community that embraces innovation," the company added.

China set to post slowing growth on housing, consumption woes
China set to post slowing growth on housing, consumption woes
by  AFP

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity. And analysts say state pledges of support for the property sector are yet to sway the market or consumers.

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