- South China Morning Post
Taiwan's prized semiconductors not unbreakable 'silicon shield' they once were as mainland China, West develop own bargaining chips
A sharp decline in Taiwan's ties with mainland China could extend to the very devices being used to transmit and read this story. The far-reaching implications from what has been a geopolitical tug of war are ultimately likely to bolster mainland China's standing as a dominant supplier of older-model semiconductors while ramping up the need for Western allies to rely more on themselves for cutting-edge chips - a scenario that industry insiders say threatens to erode Taiwan's formidable "silicon
- South China Morning Post
HSBC's Silicon Valley Bank UK acquisition raises Hong Kong lender's tech profile with clients, start-ups
Just over a year after HSBC Holdings acquired the UK unit of Silicon Valley Bank (SVB) for £1 (US$1.27), wealthy customers from Hong Kong and the rest of Asia are keenly exploring investment opportunities in tech start-ups, according to a senior HSBC executive. HSBC, the biggest lender in Europe and Hong Kong, bought Silicon Valley Bank UK in March last year after its US parent collapsed following a run on the bank. Three months later, the newly acquired unit was rebranded HSBC Innovation Bankin
- South China Morning Post
Hang Seng slips below 19,000 as Hong Kong stocks tripped by patchy earnings, hawkish US Fed
Hong Kong stocks declined for the third straight day, with the benchmark breaching the 19,000 psychological support as patchy corporate earnings made investors jittery. Optimism also sagged after hawkish comments from US Federal Reserve officials. The Hang Seng Index lost 1.4 per cent to 18,930.02 at local noon trading break, its lowest level in two weeks. The Tech Index lost 1.7 per cent while the Shanghai Composite Index weakened 1 per cent. E-commerce Alibaba retreated 3.6 per cent to HK$80 a
