Chinese semiconductor maker Fujian Jinhua Integrated Circuit Co Ltd has been striving to pave the way for “the era of Chinese chips”. However, the Chinese company is facing hurdles notably with the US Justice Department indicting Fujian Jinhua and Taiwan-based United Microelectronics Corp (UMC) for industrial espionage.

Read more: US indictment halts ambitions of Chinese semiconductor

Major tech giants Facebook, Apple, Alphabet and Amazon have expressed opposition against an Australian law that requires them to give authorities access to private encrypted data related to suspected illegal activities, following fears of the increasing risk of terror attacks. The four tech titans will jointly lobby against the proposed bill ahead of a parliamentary vote. If it enters into force, Australia would be one of the first countries to impose such measures.

Read more: Australia seeks access to encrypted data with controversial legislation

New Zealand denied that telecommunications giant Huawei was banned from a 5G network rollout because it is Chinese, saying the problem it faced was a technological one. Wellington also dismissed suggestions its intelligence services came under pressure from allies in the Five Eyes spy network to bar Huawei amid fears about cybersecurity and its potential links to Beijing.

Read more: New Zealand explains the true reason behind Huawei ban

New Zealand's largest telecoms carrier Spark said that the country's intelligence agency had barred it from using equipment provided by China's Huawei in its 5G network as it posed “significant national security risks”. The move follows reports the United States is urging its allies to exclude the Chinese telecoms giant from 5G rollouts over cybersecurity fears.

Read more: Spark - Huawei 5G collaboration hindered by NZ intelligence agency ban

The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) entered into a cooperation and referrals agreement between the innovation teams of each authority. The agreement mainly echoes the commitment of both authorities to help design an environment that supports the sustainable development of financial services through emerging technology.

Read more: Dubai, Singapore partner on fintech development

Hong Kong’s Securities and Futures Commission (SFC) CEO Ashley Alder disclosed that the commission will adopt a “sandbox” regulatory regime for crypto exchanges in the Asian financial hub in order to efficiently monitor digital assets and cryptocurrencies.

Read more: Hong Kong adopts a ‘sandbox’ approach for crypto exchanges

Qualcomm Incorporated announced that it has reached a mutually agreed settlement with the Taiwan Fair Trade Commission (TFTC) resolving the TFTC’s investigation of Qualcomm and Qualcomm’s litigation challenging the TFTC’s decision alleging violations of Taiwan’s Fair Trade Act. As a result, the whole TFTC decision is replaced by the settlement terms and the decision shall be deemed revoked ab initio (from the beginning) and Qualcomm’s litigation filed in the Taiwan Intellectual Property Court is closed.

Read more: Qualcomm and Taiwan Fair Trade Commission end dispute over licensing practices

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