AI Chip Market Challenges Threaten Samsung’s Profit Growth
Samsung Electronics is expected to report a substantial recovery in quarterly profit, with projections of over a four-fold increase to 10.33 trillion won ($7.67 billion) for the quarter ending September…
Chinese Cyberattack Targets U.S. Broadband Providers and Wiretap Systems
Chinese hackers infiltrated the networks of U.S. broadband providers, accessing systems used by the federal government for court-authorized wiretapping, according to a Wall Street Journal report. The intrusion, targeting networks…
WuXi AppTec Explores Sale of Key Units Amid U.S. Restrictions
China’s WuXi AppTec and WuXi Biologics are considering the sale of parts of their pharmaceutical operations as U.S. national security concerns tighten restrictions on Chinese biotech firms. WuXi AppTec is…
Nvidia’s Blackwell Chip Faces Unprecedented Demand, Says CEO Jensen Huang
Nvidia CEO Jensen Huang has described the demand for the company’s upcoming Blackwell artificial intelligence chip as “insane.” In an interview with CNBC’s “Closing Bell Overtime,” Huang noted that every…
Nvidia Unveils New AI Model That Rivals GPT-4 in Both Vision and Language Tasks
Nvidia has introduced a groundbreaking open-source artificial intelligence model, poised to rival industry-leading systems like OpenAI’s GPT-4. This new development, named the NVLM 1.0 family, is headlined by the NVLM-D-72B,…
Tesla and Chinese Automakers Face Increased EU Tariffs on EV Imports
The European Commission plans to impose additional tariffs on electric vehicles (EVs) imported from China, in response to an anti-subsidy investigation. These tariffs, set to supplement the EU’s standard 10%…
KKR Explores Potential Takeover Bid for Chip Equipment Maker ASMPT
U.S. private equity firm KKR is reportedly considering a takeover bid for ASMPT, a Hong Kong-listed chip equipment maker. The report, initially shared by Bloomberg News, cites sources familiar with…
China Invests Over $100 Billion in Overseas Clean Energy Projects, Research Finds
Chinese firms have invested over $100 billion in overseas clean energy technology projects since 2023, according to research from Australian group Climate Energy Finance (CEF). The substantial investments aim to…
Nio and Monolith Join Forces for Real-Time AI Testing of EV Batteries
Nio has partnered with Monolith, a UK-based artificial intelligence software startup, to enhance real-time testing and improvement of electric vehicle (EV) battery packs. Leveraging Nio’s battery swapping service in Europe,…
Texas Sues TikTok Over Alleged Violations of Child Privacy Law
Texas has filed a lawsuit against TikTok, alleging that the platform has violated the state’s newly introduced child privacy law. The lawsuit, brought by Attorney General Ken Paxton, challenges the…
Huawei Announces Meng Wanzhou as New Rotating Chairperson
Huawei announced that Meng Wanzhou has officially taken over as the rotating chairperson of the company for the next six months, replacing Eric Xu. Meng, who is the daughter of…
Foxconn Announces Speaker Lineup Including Nvidia, Google, and BMW Execs
Executives from major companies, including Nvidia, Google, and BMW, are set to speak at Foxconn’s annual tech day forum next week, according to a statement by the world’s largest contract…
China appeals to WTO over Canada’s new tariffs on EVs and metal imports
China has filed an appeal to the World Trade Organization (WTO) to challenge Canada’s tariffs on electric vehicles (EVs), steel, and aluminum products. The Chinese Ministry of Commerce announced this…
Apple faces production challenges after Tata plant fire in India
Apple may need to source critical iPhone components from China after a fire at Tata Group’s plant in southern India caused significant production disruptions, according to industry insiders. The fire…
Oracle plans major $6.5 billion cloud investment in Malaysia
Oracle plans to invest over $6.5 billion to establish its first public cloud region in Malaysia, marking one of the largest single technology investments in the country to date. This…
Google commits $1 billion to build data center and boost AI growth in Thailand
Google announced Monday a $1 billion investment in Thailand, equivalent to 36 billion Thai baht, aimed at establishing a new data center and expanding cloud infrastructure within the country. This…
India Aims to Fabricate First Semiconductor by 2026 Amid Major U.S. Tech Investments
India is set to produce its first semiconductor chip within two years, according to Commerce Minister Piyush Goyal, who shared the update during an interview with CNBC. This announcement coincides…
Malaysia Announces Plans for National Cloud Policy and AI Regulations
Malaysia is set to implement a national cloud policy and establish AI regulations to ensure ethical practices, according to Prime Minister Anwar Ibrahim. This decision follows significant investments by global…
South Korea Sees Strong Export Growth Driven by Semiconductor Demand
South Korea’s export growth remained strong in September, driven by high global demand for semiconductors, contributing to optimistic economic growth forecasts. Adjusted for working-day differences, exports increased by 12.9% compared…
Europe prepares to decide on new tariffs for Chinese electric vehicle imports
The European Union is set to vote on October 4 to decide whether to impose tariffs as high as 45% on imported electric vehicles (EVs) manufactured in China, according to…