Top news of the week: 17.03.2023.
Silicon Valley Bank's collapse & its impact on the Asia startup ecosystem with Shai Oster
Shai Oster reviewed the recent downfall of Silicon Valley Bank and addressed the global ramifications on different startup ecosystems across China, India, Korea, Japan and Southeast Asia.
Tech war: US directors resign from board of Shanghai-listed chip equipment firm amid Washington restrictions on citizens
Three directors, including two US citizens, at Advanced Micro-Fabrication Equipment have left the board, months after Washington restricted ‘US persons’ from helping develop China’s chip ...
Silicon Valley and Capitol Hill Build an Anti-China Alliance
A group of tech executives and lawmakers will meet for a private dinner ahead of TikTok’s testimony before Congress.
Chinese EV startup Hozon starts building Thai car plant
The move is the latest example of Chinese automakers looking to crack global markets amid increased competition and weakening demand at home.
KuCoin and Circle back Chinese yuan-pegged stablecoin in $10M round
Circle Ventures, the venture arm of the USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. It’s hard to overlook the timing and strategic ...
Apple supplier Foxconn steps up investment outside China, as consumer electronics demand dips
Apple Inc supplier Foxconn on Wednesday said it plans to ramp up investment outside of China and efforts to attract automakers to its contract manufacturing business, as the company ...
SVB collapse: Asian start-ups largely unscathed but US Fed’s rate hikes raise spectre of wider crisis
Asian start-ups did not have much exposure to the Silicon Valley Bank, but the crisis could now prompt them to review who their portfolio companies bank with.
Silicon Valley Bank’s China joint venture says operations stable and independent amid US parent’s collapse
Shanghai Pudong Development Bank, which co-founded SPD Silicon Valley Bank Co in 2012 with US lender Silicon Valley Bank, said the venture is not affected by the turmoil surrounding its ...