Ant Group is exploring options for founder Jack Ma to divest his stake in the financial technology giant and give up control, as meetings with Chinese regulators signalled to the company that the move could help draw a line under Beijing's scrutiny of its business, according to a source familiar with regulators' thinking and two people with close ties to the company.

German automaker BMW is aiming for a quarter of its sales in China to be pure battery electric vehicles by 2025, its China chief Jochen Goller said on Monday.

China Evergrande New Energy Vehicle Group's expansive pop-up showroom sits at the heart of Shanghai's National Exhibition and Convention Center. With nine models on display, it's hard to miss. The electric car upstart has one of the biggest booths at China's 2021 Auto Show, which starts Monday, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth - Evergrande hasn't sold a single car under its own brand.

Toshiba's chief executive resigned on Wednesday amid controversy over a $20bn buyout bid from private equity firm, CVC Capital Partners.

The move is the latest in a chain of regulatory moves targeting the business empire of Jack Ma, who was a co-founder of both Ant Group and Alibaba.

Siri, Apple Inc's virtual assistant, might have spilled the beans by telling users on Tuesday that the iPhone maker is going to host a special event on April 20.

US President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has hit automakers and spurred Intel to announce it plans to make chips for car plants at its factories in the next six to nine months.

Chinese tech giant Alibaba said on Monday that it accepted a record penalty imposed by the country's anti-monopoly regulator.

Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome US restrictions that have devastated its smartphone business.

Abu Dhabi's Mubadala Investment has started preparations for a US initial public offering of chipmaker Globalfoundries, people with knowledge of the matter said.

Broadband providers are seeing delays of more than a year when ordering internet routers, becoming yet another victim of chip shortages choking global supply chains and adding challenges for millions still working from home.

Tighter US sanctions against China's Huawei Technologies announced in May 2020 shifted the global semiconductor supply chain in a way nobody had expected, with a flood of orders enriching Taiwanese foundries and changing the island's landscape.

Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes' annual rich list.

General Motors is extending production cuts at some of its North America factories due to a chip shortage that has roiled the global automotive industry, the US carmaker said on Thursday.

The Biden administration on Thursday placed seven Chinese firms and government labs under US export controls for their involvement in China's effort to build supercomputers that help develop nuclear and other advanced military weapons. All seven are linked to China's ambition to build the world's first exascale computer, Commerce Department officials said.

The fate of automakers will be determined by how executives balance the decline of the internal-combustion engine with the rise of battery power, along with other drivetrains. If electric vehicles achieve 30% market share by 2030, that will leave the auto industry with 40 million vehicles of excess capacity for gas-powered cars - the equivalent of 200 unneeded factories.

Production of some MacBooks and iPads has been postponed due to the global component shortage, Nikkei Asia has learned, in a sign that even Apple, with its massive procurement power, is not immune from the unprecedented supply crunch.

Tianshu Zhixin said in January that BI was made using an unidentified 7nm process node and 2.5D chip-on-wafer-on-substrate (CoWoS) packaging. On Wednesday, it confirmed our suspicion that BI was made using TSMC's 7nm FinFET process.

Samsung Electronics likely saw a 45% jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant.

Micron Technology on Wednesday forecast fiscal third-quarter revenue above Wall Street estimates due to a rise in demand for memory chips thanks to 5G smartphones and artificial intelligence software that is pushing memory chip prices upward.

"I have never seen anything like this in the past 20 years since our company's founding," said Jordan Wu, co-founder and chief executive officer of Himax Technologies, a leading supplier of display drivers. "Every application is short of chips."

LG Electronics is leaving the smartphone market and plans to complete its exit by July 31. The deals are only going to intensify as that date approaches.

Subaru will reduce vehicle production by about 10,000 autos at a Japanese assembly plant as the industry struggles with a shortage of chips.

Intel CEO Pat Gelsinger will virtually attend a meeting being put together by President Joe Biden's administration for April 12 to discuss the semiconductor supply chain issues disrupting US automotive factories, according to a person familiar with the matter.

Micron Technology and Western Digital are each exploring a potential deal for Kioxia Holdings that could value the Japanese semiconductor company at around US$30 billion, according to people familiar with the matter.

The global shortage of semiconductors and winter storm that devastated Texas last month probably cost carmakers production of about 1.3 million vehicles this quarter, according to IHS Markit.

Arm has unveiled the biggest overhaul of its technology in almost a decade, with new designs targeting markets currently dominated by Intel.

With chipmaker Renesas Electronics not expected to achieve a full recovery from its recent factory fire until mid-July, Japan's largest automakers have begun bracing for long-term disruptions and potential production cuts.

A huge container ship that has been wedged in the Suez Canal since Tuesday has finally been freed from the shoreline.

South Korea's Hyundai Motor Co said on Tuesday it plans to temporarily suspend production at its Ulsan No.1 plant in South Korea due to chip and component supply issues from April 7-14.

South Korea said Monday it has granted the final approval to SK Hynix' KRW120 trillion (US$106 billion) project to build a new semiconductor complex, a move that could ease supply shortages in the global market.

Top US chipmaking equipment supplier Applied Materials said Monday it has abandoned a $3.5 billion deal to acquire Japanese peer Kokusai Electric from investment firm KKR owing to regulatory hurdles.

Xiaomi plans to invest about $10 billion over the next decade to manufacture electric cars, embarking on its biggest-ever overhaul to enter China's booming EV market.

Samsung Electronics said on Tuesday that production at its US chip plant at Austin, Texas had returned to near-normal levels as of last week after more than a month of disruption that exacerbated a global chip capacity crunch.

Renesas CEO Hidetoshi Shibata told a news conference that while production at the company's fire-hit plant looked likely to resume within a month, recovery to pre-fire levels was expected to take around 100 to 120 days from the incident.

Governments around the world are subsidizing the construction of semiconductor factories as a chip shortage hobbles the auto and electronics industries and highlights the world's singular dependence on Taiwan for vital supplies.

Samsung Display is likely to receive compensation from Apple over a shortfall in OLED panel orders, industry insiders said Tuesday.

Apple is considering launching an Apple Watch with a rugged casing aimed at athletes, hikers and others who use the device in more extreme environments, according to people familiar with the matter.

Nio will temporarily halt production at one of its factories in Anhui province because of a semiconductor shortage, becoming the first high-profile Chinese carmaker to succumb to the chip snarl that's silenced the factory lines of auto manufacturers globally.

The LEC-IMX8MP SMARC AI-on-module features NXP's i.MX 8M Plus with integrated NPU running up to 2.3 TOPS