DMR News

Advancing Digital Conversations

Yasmeeta Oon

Just a girl trying to break into the world of journalism, constantly on the hunt for the next big story to share.
  • Home
  • US Escalates Crackdown on China’s Chip Industry with Export Restrictions

US Escalates Crackdown on China’s Chip Industry with Export Restrictions

The United States on Monday announced a comprehensive set of restrictions targeting China’s semiconductor industry. The measures, introduced by the Commerce Department, aim to curb China’s advancements in chipmaking and…

Uber launches Shikara boat rides on Dal Lake

Uber has launched a new boat-hailing service in India, offering tourists the chance to ride the iconic Shikara boats on Dal Lake in Kashmir. These brightly colored wooden boats, adorned…

ASML Says New U.S. Restrictions Will Not Impact Its Guidance

Computer chip equipment giant ASML remains steadfast in its financial outlook, stating that new U.S. restrictions on semiconductor exports to China, announced Monday, will not affect its most recent projections.…

Microchip Technology Lowers Revenue Forecast and Shuts Arizona Plant

Microchip Technology adjusted its revenue expectations for the third quarter on Monday, predicting figures near the lower end of its $1.03 billion forecast. This revised outlook falls short of analysts’…

Nvidia Invests in Nebius Group’s $700 Million AI Infrastructure Drive

AI infrastructure firm Nebius Group has secured $700 million in a private funding round led by investors such as Nvidia, Accel, and Orbis Investments. The financing marks a critical milestone…

Swiggy Brings 10-Minute Food Delivery to 400 Cities Nationwide

Swiggy has extended its 10-minute food delivery service, Bolt, to over 400 cities and towns across India. The Bengaluru-based startup, which recently debuted on the stock market, is collaborating with…

Tencent’s New Game Looks Like a Clear Copy of Horizon

Tencent’s subsidiary, Polaris Quest, has unveiled its upcoming sci-fi adventure game, Light of Motiram, and it’s causing quite a stir. The game’s initial teaser features a post-apocalyptic setting where humans…

The AI Rivalry Between China and the U.S. Sparks New Global Debates

China’s ambition to lead in artificial intelligence (AI) development is a double-edged sword. While the country’s advancements may position it ahead of the United States in the AI race, the…

Intel CEO Pat Gelsinger Removed After Boardroom Disputes

Intel’s board of directors has ousted CEO Pat Gelsinger, marking the end of a challenging tenure that spanned nearly four years. The decision, announced Monday, follows a turbulent period where…

Chinese Semiconductor Industry Faces Fresh US Export Curbs

The United States is set to implement its third major crackdown on China’s semiconductor industry in as many years, introducing a new package of export restrictions on Monday. This move…

Kioxia Sets IPO Price Range at 1,390 to 1,520 Yen Per Share

Chipmaker Kioxia, backed by Bain Capital, has established a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its upcoming initial public offering, according to…

Japan Commits Extra ¥1.5 Trillion to Chip and AI Development

Japan is stepping up its commitment to semiconductor and artificial intelligence technologies with an additional ¥1.5 trillion ($9.9 billion) allocated to these sectors. The supplementary budget for the fiscal year…

Didi Bounces Back with Strong Third-Quarter Earnings

China’s leading ride-hailing company, Didi Global, reported a significant turnaround in its financial performance for the third quarter, announcing a net income of 929 million yuan ($128.42 million). This marks…

Why Jensen Huang Declined Morris Chang’s Offer to Run TSMC

Taiwan Semiconductor Manufacturing Company (TSMC) founder Morris Chang revealed in his newly published autobiography that he once offered Jensen Huang, the CEO of Nvidia, the opportunity to lead the Taiwanese…

ASML Shares Surge as Report Suggests Softer US Restrictions on China

ASML and other European semiconductor equipment makers saw their shares climb on Thursday, fueled by a Bloomberg report suggesting that U.S. trade restrictions on China’s semiconductor industry may not be…

Japan’s MUFG Spends $660 Million to Acquire WealthNavi

Japan’s Mitsubishi UFJ Financial Group (MUFG) announced plans to acquire WealthNavi Inc., a prominent provider of automated asset management, for approximately 99.7 billion yen ($664 million). The move will make…

Huawei’s Mate 70 Struggles to Match Buzz of Previous Models

Huawei’s latest flagship smartphone, the Mate 70, has sparked less consumer excitement in China compared to its predecessors, according to analysts. This cooling enthusiasm could impact Huawei’s shipment targets for…

India Competition Authority Opens Probe into Google’s Gaming Policies

India’s Competition Commission (CCI) has launched an investigation into Google’s policies surrounding real-money gaming apps, prompted by a complaint from gaming platform WinZO. The probe centers on allegations that Google’s…

China Vows Action if US Expands Semiconductor Controls

China issued a stern warning on Thursday, pledging to take “necessary actions” to safeguard its firms if the U.S. proceeds with expanded semiconductor control measures. The statement followed reports that…

ByteDance Sues Former Intern for $1.1 Million Over AI Breach

ByteDance, the Chinese tech giant and parent company of TikTok, has filed a lawsuit against a former intern, seeking $1.1 million in damages over claims of deliberate sabotage to its…