The domestic computer chip industry is receiving a major shot in the arm with the Biden administration’s announcement of a $6.4 billion funding agreement for Samsung Electronics. This investment will fuel the development of a cutting-edge semiconductor manufacturing and research cluster in Taylor, Texas. A Public-Private Partnership Propelling US Chip Independence The total project value is expected to surpass $40...

Shimao Group (0813.HK), a major Chinese developer, is facing a liquidation lawsuit from China Construction Bank (Asia) over unpaid loans of HK$1.58 billion (US$201.75 million). This marks a rare instance of a state-owned bank taking such aggressive action in the ongoing property downturn. Why is this important? The aggressive move by China Construction Bank (CCB) suggests that Shimao’s debt restructuring...