Alibaba and Tencent Surge as Beijing Stimulus Boosts Tech Stocks to 13-Month High
Chinese tech stocks saw a notable surge this week, with companies like Alibaba and Tencent hitting levels not seen in over a year. This rally comes on the heels of…
Swiggy Joins India’s IPO Surge with $1.25 Billion Offering
Swiggy has filed for a $1.25 billion initial public offering (IPO) in one of India’s largest listings this year, amid a surging stock market. The SoftBank-backed food delivery firm submitted…
China, South Korea, Taiwan Lead Global Chip Equipment Spending for 2025-2027
China, South Korea, and Taiwan are expected to lead semiconductor manufacturing investments between 2025 and 2027, according to estimates from global industry association SEMI. Semiconductor manufacturers are forecasted to spend…
Japanese Startup Dinii Raises $48M in Series B Funding Round
Dinii, a cloud-based restaurant management platform based in Japan, has raised $48 million (7.46 billion JPY) in a Series B funding round led by Bessemer Venture Partners and Hillhouse Investment…
Nintendo Museum Set to Open, Featuring Super Mario and Game Boy History
Nintendo will open a museum next week, showcasing its history and offering fans of “Super Mario,” “The Legend of Zelda,” and the Game Boy a deeper look into the renowned…
Vietnam Confirms SpaceX Plans $15 Billion Investment
SpaceX is considering a $15 billion investment in Vietnam, according to a statement released by the Vietnamese government on Thursday. The announcement followed a meeting between Vietnamese President To Lam…
Micron Forecasts Strong First-Quarter Growth Thanks to AI Chip Demand
Micron Technology‘s stock surged by 14% in after-hours trading following an optimistic first-quarter forecast driven by strong demand for memory chips used in artificial intelligence (AI) computing. The company projects…
SK Hynix Shares Surge as Latest HBM Chip Production Kicks Off
SK Hynix’s shares surged by more than 9% on Thursday as the South Korean company commenced mass production of its most advanced high-bandwidth memory (HBM) chips, known as HBM3E. These…
LG Display Agrees to $1.5 Billion Sale of Guangzhou LCD Plant
LG Display has agreed to sell its majority stake in a Guangzhou-based LCD plant to TCL’s CSOT division for 10.8 billion yuan ($1.54 billion). The sale covers LG Display’s 80%…
Growing AI Demand May Lead to New Semiconductor Crisis
A surge in demand for semiconductors designed to power artificial intelligence systems, alongside AI-enabled smartphones and laptops, could lead to the next global chip shortage, according to a recent report…
DeepX and LG Join Forces to Power AI in Cars and Consumer Electronics
DeepX, a South Korean AI technology firm, has partnered with LG to bring its advanced AI chips to various industries, including mobile devices, cars, and home appliances. The collaboration is…
Intel Boosts AI Performance with New Xeon 6 Processors and Gaudi 3 AI Accelerators
Intel has launched its Xeon 6 processors with performance cores (P-cores) and Gaudi 3 AI accelerators, aiming to enhance artificial intelligence (AI) and high-performance computing (HPC) infrastructure. The new products…
TikTok Music to Close Worldwide by the End of November
ByteDance has announced the global shutdown of its music streaming service, TikTok Music, effective November 28, 2024. The service, available in regions including Indonesia, Brazil, Australia, Singapore, and Mexico, will…
New Features Arrive as Xiaomi Watch 2 Series Gets Wear OS 4
Google’s Wear OS 4 is now quietly rolling out to Xiaomi Watch 2 and Watch 2 Pro devices. Though Xiaomi hasn’t officially announced this update, users across regions like the…
China ADRs surge as Beijing unveils fresh stimulus measures
U.S.-listed shares of Chinese companies surged on Tuesday following Beijing’s announcement of its largest stimulus package since the pandemic, sparking optimism about renewed economic growth. The People’s Bank of China…
India Aims to Bring Digital Payments to Africa and South America
India is engaged in discussions with countries across Africa and South America to help them establish digital payment systems modeled on its Unified Payments Interface (UPI), with expectations of launching…
China’s Meituan Plans to Raise $2 Billion Through Dollar Bonds
China’s Meituan is looking to raise up to $2 billion through a dollar bond deal, according to two sources familiar with the matter and a term sheet seen by Reuters…
Chinese Gaming Market Sees 15% Growth Thanks to Black Myth Wukong
The Chinese video game market experienced significant growth in August, with sales rising by over 15% compared to the previous year. This increase was mainly driven by the highly anticipated…
Biden Seeks Ban on Chinese Vehicle Software Amid Security Risks
The Biden administration has announced plans to ban Chinese-made software and hardware from internet-connected vehicles in the United States, framing it as a national security measure. Officials cited concerns that…
Huawei Advances AI Ecosystem as US Tech Restrictions Continue
Huawei is accelerating the development of its AI ecosystem across various industries, despite the persistent challenges posed by US technology sanctions. At the Huawei Connect 2024 event in Shanghai, Deputy…