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TSMC has halted new orders from Huawei in response to new US export controls

TechSpot

The Taiwan Semiconductor Manufacturing Company (TSMC) has officially halted new chip orders from Huawei after the US introduced tighter export rules for suppliers that make use of American technology to manufacture hardware or license software for Chinese companies.

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Apple wants to build its first car in 2024, Reuters says

The Verge

But in 2016, the project was scaled down significantly, with development of a full car being scrapped and Apple’s team refocusing on providing software that could be licensed out to car manufacturers, according to reports at the time. There have been rumors of Apple developing a car going back to 2015.

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Gogoro’s Eeyo 1s e-bike goes on sale in France, its first European market

TechCrunch

Based in Taiwan, Gogoro first introduced its Eeyo lineup in May, making them available for sale in the U.S. Both have carbon fiber frames and forks, but the Eeyo 1s’ seat post, handlebars and rims are also carbon fiber, while on the Eeyo 1 they are made with an alloy. Gogoro unveils Eeyo, its new ebike brand.

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Blockchain startup XREX gets $17M to make cross-border trade faster

TechCrunch

Part of the new round will be use to apply for financial licenses in Singapore, Hong Kong and South Africa, and partner with banks and financial institutions, like payment gateways. “We and then in Taiwan, we were not exposed to those issues. XREX’s last funding was a $7 million seed round in 2019. Growing up in the U.S.

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Huawei sues MediaTek for patent infringement after failed price negotiations

TechNode

Chinese tech giant Huawei has filed a lawsuit in a local Chinese court accusing Taiwan-based chip firm MediaTek of patent infringement, seemingly after negotiations around patent fees broke down. YiCai, in Chinese ]

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Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife

TechCrunch

It has licenses to operate throughout Asia, Europe and all 50 United States states. For example, it enables JKOPay in Taiwan and Maya in the Philippines to offer insurance marketplaces through their apps. Bolttech bills itself as one of the world’s leading embedded insurance providers.

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ASML forecasts 10%-15% sales drop in Chinese market this year due to export restrictions

TechNode

Last year, Chinas Taiwan became ASML’s leading market, representing 30% of total sales, followed by mainland China in second place with 29%, a substantial 15% increase from the previous year. 1, the Dutch government revoked export licenses for two of ASML’s advanced lithography machines, namely NXT:2050i and NXT:2100i.