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ASMPT streamlines its operations in mainland China, the company’s largest market. Photo: Shutterstock
Semiconductors

Singaporean chip equipment maker ASMPT to close Shenzhen plant, axe 950 workers

ASMPT is expected to incur a one-time restructuring charge of US$50 million, covering severance, shutdown costs and inventory write-offs.

Huawei

Huawei’s Ren Zhengfei shares EV sector insights with Changan Automobile chairman

Huawei

Huawei to unveil tech to cut China’s reliance on HBM chips: report

IPO

SoftBank selects banks for US IPO of payments app amid tech rebound

US IPO activity has gained momentum in a long-awaited rebound, supported by strong tech earnings and signs of progress in trade talks.

A SoftBank shop in Tokyo. Photo: AP
A SoftBank shop in Tokyo. Photo: AP
Alibaba

Alibaba’s AI lab becomes target for talent poaching by Chinese rivals

Recent departures include Yan Zhijie and Bo Liefeng, two senior figures at Tongyi Lab, developer of the Qwen AI models.

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Artificial intelligence

OpenAI’s GPT-5 draws mixed reviews in China amid heightened AI competition

GPT-5 is not significantly ahead of Chinese AI models, according to Zhang Linfeng, an AI professor at Shanghai Jiao Tong University.

12
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Semiconductors

Unicorn Z.ai adapts models for Huawei chips to broaden China’s AI ecosystem

Huawei’s Ascend processors used on AI servers and Kirin chips that run inside smartphones are now compatible with Z.ai’s GLM models.

Huawei’s tie-up with Z.ai shows a deeper integration of China’s AI ecosystem. Photo: Shutterstock
Huawei’s tie-up with Z.ai shows a deeper integration of China’s AI ecosystem. Photo: Shutterstock
Semiconductors

US starts issuing licences to Nvidia to export H20 chips to China, official says

It is unclear how many licences may have been issued, which firms Nvidia was permitted to ship to, and the value of the shipments allowed.

8
E-commerce

Free drinks fuel delivery wars between Alibaba and Meituan

The past week has seen an escalation in the ‘free drinks war’ between the delivery giants, an extension of their broader price competition.

Banking & finance

China Renaissance founder Bao Fan set free more than 2 years after disappearance

News of Bao’s release could provide some relief for his company, which recently invested in stablecoin issuer Circle Internet Group.

Bao Fan, founder of China Renaissance Holdings. Photo: Nora Tam
Semiconductors

China’s SMIC downplays impact of Trump’s proposed 100% tariff on chip imports

China accounted for 84.1 per cent of SMIC’s sales in the second quarter, compared with 12.9 per cent from the Americas.

Chipmaker Semiconductor Manufacturing International Corp says it has limited exposure to the US market. Photo: Shutterstock
Chipmaker Semiconductor Manufacturing International Corp says it has limited exposure to the US market. Photo: Shutterstock
Tesla

Tesla disbands Dojo supercomputer team in blow to AI semiconductor effort

The decision marks a major shift for a programme years in the making, with Dojo once positioned as central to Tesla’s AI ambitions.

TSMC

TSMC trade secrets leak puts Japan’s Tokyo Electron on hot seat

The chip-gear maker and its peers have regularly been targeted for their intellectual property by entities with ties to China.

Semiconductors

China’s chipmakers to see small impact from Trump’s 100% tariff on imports: CLSA

In the first half of 2025, China’s chip exports to the US reached US$983.7 million, an 11 per cent year-on-year decline, customs data show.

China’s integrated circuit exports to the US last year were valued at US$2.2 billion, according to customs data. Photo: Shutterstock
Artificial intelligence

OpenAI poised to release GPT-5 model days after launching 2 new open systems

Speculation on GPT-5’s capabilities includes improved overall efficiency, increased problem-solving and logic-based decision-making.

GPT-5 marks OpenAI’s latest update to the technology behind generative AI chatbot ChatGPT. Photo: Shutterstock
GPT-5 marks OpenAI’s latest update to the technology behind generative AI chatbot ChatGPT. Photo: Shutterstock
Robotics

World robotics conference in China marks 10th year with JD.com as partner

JD.com will announce a strategic plan for promoting the industry’s development at the 2025 World Robot Conference in Beijing.

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Donald Trump

Trump says Apple investing another US$100 billion in US manufacturing

CEO Tim Cook says the company will be bringing more of its supply chain and advanced manufacturing to the United States.

9
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Alibaba

Alibaba debuts loyalty scheme with shopping discounts, hotel perks

The membership programme is designed to drive mutual growth in various Alibaba services by leveraging the firm’s core e-commerce business.

A new multi-tier membership programme on Taobao offers users benefits across several Alibaba apps in an effort to drive business synergy. Photo: Shutterstock
A new multi-tier membership programme on Taobao offers users benefits across several Alibaba apps in an effort to drive business synergy. Photo: Shutterstock
Semiconductors

‘No kill switches and back doors’: Nvidia reasserts security of its AI chips

Embedding weaknesses into chips would ‘undermine global digital infrastructure and fracture trust in US technology’, Nvidia says.

10
Artificial intelligence

OpenAI’s new open-source models seen as challenge to China’s lead in the field

Co-founder and CEO Sam Altman said in an X.com post that OpenAI’s two new open-source models were ‘a big deal’.

OpenAI

OpenAI in talks for share sale at US$500 billion valuation, sources say

If the deal goes ahead, it would elevate OpenAI’s valuation on paper by two-thirds to US$500 billion, making it one of the world’s largest privately held companies.

OpenAI’s logo on May 20, 2024. Photo: Reuters
Artificial intelligence

Palantir books its first US$1 billion in quarterly sales and dodges DOGE axe

Since going public in 2020, the artificial intelligence software company has swung swiftly to a profit and sales are booming.

The Palantir logo is seen at the company’s headquarters in Denver. Photo: dpa
The Palantir logo is seen at the company’s headquarters in Denver. Photo: dpa
Banking & finance

Exclusive | Standard Chartered says it saves millions of dollars with ‘talent marketplace’

London-based bank says with its talent platform, share of jobs filled internally increases by 10 per cent over the past year.

Artificial intelligence

AI is the new buzzword at China’s biggest video gaming trade show

From AI-generated characters to 3D technology, companies showcase the expanding applications of AI in video games.

Alibaba

Alibaba unites online shopping, travel booking under new loyalty scheme

Members of the new membership programme will enjoy benefits across a range of Alibaba services, sources say.

The Taobao app. Photo: Simon Song
China Future Tech
HIGHLIGHTS FROM
China Future Tech

Tech

Humanoid haven: China’s new robot store showcases home-grown products

A man adjusts a humanoid robot at the Robot Mall in Beijing. Photo: AFP

Big Tech

Singaporean chip equipment maker ASMPT to close Shenzhen plant, axe 950 workers

ASMPT streamlines its operations in mainland China, the company’s largest market. Photo: Shutterstock

Global Economy

Some relief, some worry - how did the world react to Trump’s new chip tariffs?

videocam
US President Donald Trump said Washington would be imposed a 100 per cent tariff on all semiconductor and chip imports during a visit from Apple CEO Tim Cook. Photo: Reuters

China Business

Chinese EV makers report sales dip in July amid narrower discounts

videocam
Cars are assembled in a China Changan Automobile Group factory in southwest China’s Chongqing Municipality on July 28, 2025. Photo: Xinhua

Big Tech

Huawei’s Ren Zhengfei shares EV sector insights with Changan Automobile chairman

Huawei Technologies founder and CEO Ren Zhengfei, left and Changan Automobile chairman Zhu Huarong. Photo: SCMP
MORE IN China Future Tech
OPINION
Chen Wangqi,Changfeng Chen

Opinion | As AI gets more powerful, humans and human values must remain in charge

Chen Wangqi
Changfeng Chen
Janghyuk Lim

Opinion | AI can enhance learning rather than threaten it

Janghyuk Lim
4
Elina Noor

Opinion | Why Silicon Valley signing up to nationalism puts Asia on edge

Elina Noor
Zhou Xin

My Take | China’s ‘instant commerce’ is no fast fix for low consumer spending

Zhou Xin
George Chen

Opinion | In AI race against US, China is racking up real-world wins

George Chen
Winston Mok

Opinion | China’s true talent in AI lies in making it safe to use

Winston Mok
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