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China chip sector targets 80% self-sufficiency with US in its sights

Semiconductors Asian giant’s ambitions include creating homegrown version of Dutch lithography giant ASML Naura Technology Group highlighted an expanded product lineup at Semicon China this week. (Photo by Shunsuke Tabeta) SHANGHAI — China’s semiconductor industry plans to achieve 80% domestic self-efficiency by 2030, according to a target set by 13 top company leaders, as the country seeks to catch up to […]

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Former BOJ Gov. Kuroda says Japan’s yen-driven deflation ‘completely over’

Interview Loose fiscal policy could disrupt ‘well-balanced’ economy, ex-central bank chief warns As governor of the Bank of Japan, Kuroda introduced unconventional monetary easing to fight deflationary trends in Japan. (Photo by Kotaro Igarashi) TOKYO — Since the 1985 Plaza Accord, when the U.S., Japan and major European countries jointly moved to address exchange rates, Japan’s […]

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BYD posts first annual profit drop since 2021, eyes turnaround overseas

Electric vehicles Chinese EV maker’s 2025 net income falls 19% amid cooling demand, aging lineup BYD cars are displayed at the Bangkok International Motor Show on March 23. The Chinese automaker’s revenue rose 3% in 2025, its slowest pace in six years. (Photo by Ken Kobayashi) HONG KONG — China’s top electric vehicle maker BYD recorded a 38% slump in […]