Toshiba still faces a tough operating environment. The system chip business remains in the red amid China's economic slowdown, and the company has decided to cut about 350 jobs from that segment via an early retirement program.

U.S. stock indexes fall about 2% as the trade war between the world's two largest economies escalates.

Kudlow said that "both sides will suffer on this," but argued that China will suffer significant GDP losses as export markets are hit. The blow to U.S. GDP, on the other hand, won't be substantial since the economy is "in terrific shape," he said.

The Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.

Oracle is planning to lay off more than 900 people in China, primarily from its local research and development operations of 1,600 employees, Chinese news outlets report.

China's vice premier said Friday that China will handle its antitrust probe into Samsung Electronics and SK hynix according to a fair procedure and in line with its laws, South Korea's finance ministry said.

China's Belt and Road Initiative (BRI) must be green and sustainable, President Xi Jinping said in opening a summit on his grand strategy, adding that the massive infrastructure and trade plan would deliver "high-quality" growth for all.

China on Sunday warned Britain not to discriminate against companies involved in developing the 5G network and to resist pressure from other countries.

"Samsung Display will be the biggest beneficiary when the foldable display market grows. The company will be able to increase its market share significantly while other companies follow behind"

The U.S. should abandon its efforts to reform China's economy and insist instead on a rapid rebalancing of bilateral trade accounts.

China's press and publication regulator has issued new rules on applications for publishing online games in China, signaling a possible acceleration in the handing out of formal approvals.

China's Tencent has won a key approval to start selling the Nintendo Switch in the country, paving the way for the console to enter the world's largest video games market two years after it was first released worldwide.

A joint venture between Qualcomm and the government of a rural Chinese province to make server chips will wind down by the end of April, according to 10 employees at the venture.

Telecomm giant received funding from China's military, The Times reports.

Just days after reports of broken review devices

A joint venture between U.S. smartphone chipmaker Qualcomm and China's Guizhou province will shut down by the end of the month.

SK hynix announced Thursday it had completed the expansion of a current DRAM production line in Wuxi, China.

Huawei has revealed that none of the 40 commercial contracts it has won for 5G equipment are from mainland China.

Foxconn Technology Group Chairman Terry Gou said the iPhone will go into mass production in India this year, a shift for the largest assembler of Apple's handsets that has long concentrated production in China.

"The suggestion that we were somehow victim of a national conspiracy is wrong. The facts of the matter are that we were robbed by a handful of our own employees based in Silicon Valley, who had broken the law to enrich themselves. All of this occurred several years ago. We found this out by ourselves and immediately sought legal action in public court in 2016. This was reported on in several publications after our victory in November 2018," said ASML president and CEO Peter Wennink.

China's chip equipment makers are seeing an uptick in domestic demand thanks to the trade war, giving them an opportunity to finally gain ground on global rivals like Applied Materials and Tokyo Electron.

The China semiconductor industry had sales of $97.3 billion last year, says China's Ministry of Industry and Information Technology (MIIT).

Shipments of mobile phones to China fell 6 percent in March compared with the same year-earlier month, official figures showed on Wednesday, as slowing economic growth took a toll on the sector.

China's state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.

German chipmaker Infineon cut its 2019 revenue forecast on Wednesday for the second time in as many months, pointing to a weakening Chinese car market, the world's largest, which it supplies.

ZTE, the Chinese telecommunications company whose brush with death last year thrust it to the center of the trade war between the US and China, posted a net loss of more than $1 billion in 2018.

Sony is closing its Beijing smartphone plant, a spokesman said on Thursday, as the Japanese electronics giant cuts costs in an attempt to make the money-losing handset business profitable from next year.

US semiconductor companies want no part of any trade deal that calls for stepped-up purchases from China, worried that would give Beijing more control over their industry.

Automotive chipmaker Renesas Electronics plans to halt production at six plants in Japan for up to two months this year as it braces for a further slowdown in Chinese demand, the company said on Thursday.

Workers at Foxconn's Yukang dormitory compound in Zhengzhou queue up to resign from their jobs which attract a basic salary of CNY2,100 (US$314) per month.

"While March mix is still bad, the tone in the supply chain is starting to improve and price reductions in China may be starting to clear channel inventory," UBS analyst Timothy Arcuri wrote.

Intel has ended a partnership to share its latest 5G modem chips with China's second largest mobile chipmaker amid concerns that the technology transfer could cause problems in Washington, sources have told Nikkei Asian Review.

Smartphone shipments in the China market were down 9.7% YoY to approximately 103 million units in the fourth quarter of 2018.

Huawei Technologies is asking suppliers to move some production to China as it braces for possible restrictions on access to US technology that could starve the Chinese group of components vital to its business.

Semiconductor sector analysts believe that China's best chipmakers are as much as a decade behind their international rivals. That is despite long running financial support from Beijing, rising market dominance of Chinese electronics hardware groups and the vastly improved capabilities of China's chip design companies.

US sanctions against Fujian Jinhua will force the Chinese state-owned company accused of stealing trade secrets from American memory chipmaker Micron to stop production by March, according to people familiar with the situation.

China has the most fab projects in the world, with 30 new facilities or lines in construction or on the drawing board, according to data from SEMI's World Fab Forecast Report.

The Justice Department on Monday unsealed two cases against Huawei that detail a slew of allegations.

Apple's largest iPhone assembler, Foxconn Technology Group, is considering producing the devices in India, people familiar with the matter said, a move that could reduce Apple's dependence on China for manufacturing and potentially for sales.

Just about every indicator of economic health in China is down.