South Korea plans more than $1 trillion in investments to expand chipmaking, AI data centres and robotics infrastructure. President Lee Jae Myung says the effort is aimed at securing AI leadership and reviving regions beyond Seoul.
Posts tagged as “Taiwan”
The U.S. military struck Iranian missile, drone and radar sites after a drone hit the Singapore-flagged Ever Lovely in the Strait of Hormuz. President Donald Trump called the attack a “foolish violation” of a newly signed ceasefire agreement.
Ships continued to pass through the Strait of Hormuz after the Ever Lovely was struck near Oman, while Iran warned vessels not to use routes it has not approved. The dispute has become a key test of the U.S.-Iran memorandum of understanding on safe passage through the waterway.
IBM says its new NanoStack chip design could fit 100 billion transistors on a fingernail-sized chip and deliver up to 50% better performance or 70% greater energy efficiency. The technology is not yet ready for mass production, with IBM projecting a possible path to manufacturing within five years.
A magnitude 7.8 earthquake struck the southern Philippines, triggering tsunami warnings across parts of Asia and the western Pacific. Officials urged coastal residents in several Philippine provinces to evacuate to higher ground or move inland.
The Trump administration proposed tariffs of 10% to 12.5% on 60 trading partners, accusing them of failing to block imports made with forced labor. The duties would affect countries accounting for nearly all U.S. imports but must clear a comment process before taking effect.
President Trump and Chinese leader Xi Jinping agree on modest trade deals and a new framework for cooperation, but experts see few immediate breakthroughs. Key issues like Taiwan and Iran remain unresolved as both sides prepare for Xi’s visit to Washington.
The Trump administration has launched multiple trade investigations into over a dozen countries, including the EU, China, and Mexico, focusing on "structural excess capacity" in manufacturing that may harm U.S. wages and market access. These probes, conducted under Section 301 of the Trade Act, aim to determine whether new tariffs should be imposed before the current global 10% tariff expires in July, with potential increases to 15% also under consideration. Additionally, separate investigations will target forced labor compliance in about 60 countries, raising concerns among U.S. trading partners and threatening recent trade agreements.