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By Faith Hung and Jihoon Lee TAIPEI/SEOUL, May 7 (Reuters) – Just as the world’s AI bulls looked to be running out of puff, a fresh investor frenzy has hit Asia’s tech names, making Seoul’s stock market the world’s hottest and delivering bonuses of half a million dollars to workers at one Korean chipmaker. Asia’s three most valuable companies are chipmakers – Taiwan Semiconductor Manufacturing Co, Samsung Electronics and SK […]

BEIJING, May 7 (Reuters) – Tesla’s China-made electric vehicle sales rose for the sixth straight month of year-on-year increases, as it navigates intensifying competition in two of its largest markets. Deliveries of Model 3 and Model Y produced at its Shanghai factory, including exports to Europe and other markets, totalled 79,478 units, down 7.2% from March, data from the China Passenger Car Association showed on Thursday. (Reporting by Qiaoyi Li […]

By Mei Mei Chu BEIJING, May 7 (Reuters) – U.S. President Donald Trump is scheduled to meet Chinese President Xi Jinping during his visit to Beijing next week, as both countries seek to stabilise a relationship strained by tensions over trade, Taiwan and the Iran war. Company executives and analysts are not expecting big breakthroughs at the summit, although there could be minor successes such as an extension of a […]

TAIPEI, Taiwan (AP) — Paraguay’s President Santiago Peña arrived in Taiwan on Thursday on his first visit to the self-ruled island that Beijing claims as its own territory. Paraguay is the last country in South America and one of 12 worldwide to recognize Taiwan. China, which has not ruled out force in annexing Taiwan, has been ramping up a campaign over the past few years to lure Taiwan’s diplomatic allies. […]

BEIJING (AP) — China’s top diplomat said Thursday that ties with the U.S. have been in general stable despite “many twists and disruptions,” and called on both countries to find a way to contribute to global peace, a week before President Donald Trump is expected to visit. During a meeting with members of a U.S. bipartisan congressional delegation, led by Sen. Steve Daines, Chinese Foreign Minister Wang Yi credited Presidents […]

By Stephen Nellis SAN FRANCISCO, May 7 (Reuters) – Quantum Motion on Thursday said it raised $160 million to fund its effort to build a quantum computer that is smaller, cheaper and more energy efficient than rivals using standard silicon chipmaking techniques.  Quantum computers hold the promise of solving problems that regular computing machines cannot. At the heart of that ability is what is known as a qubit. Unlike the […]

By Stephen Nellis SAN FRANCISCO, May 7 (Reuters) – Quantum Motion on Thursday said it raised $160 million to fund its effort to build a quantum computer that is smaller, cheaper and more energy efficient than rivals using standard silicon chipmaking techniques.  Quantum computers hold the promise of solving problems that regular computing machines cannot. At the heart of that ability is what is known as a qubit. Unlike the […]

JAKARTA, May 7 (Reuters) – Victims of last year’s deadly floods in Indonesia’s Sumatra filed a lawsuit to the state court on Thursday, urging the government to grant national disaster status to three affected provinces and suspend approvals for new forest use permits. Following are the key details of the lawsuit: • The state administrative court received the lawsuit documents on Thursday, the court’s website showed. • Seven residents of […]

JAKARTA, May 7 (Reuters) – Victims of last year’s deadly floods in Indonesia’s Sumatra filed a lawsuit to the state court on Thursday, urging the government to grant national disaster status to three affected provinces and suspend approvals for new forest use permits. Following are the key details of the lawsuit: • The state administrative court received the lawsuit documents on Thursday, the court’s website showed. • Seven residents of […]