Shein Agrees to Local Data and Control Rules for India Comeback
Shein, the Chinese fashion retailer, must hand over Indian customer data and relinquish control of its local operations to its partner, Reliance Retail, to return to India. Government disclosures on…
ASML and Partners Commit $230 Million for Eindhoven Development
Dutch technology companies, including chip equipment maker ASML, have committed around $230 million to support infrastructure development in Eindhoven, one of Europe’s fastest-growing technology hubs. The announcement ties into “Operation…
Sony invests $320 million to become Kadokawa’s largest shareholder
Sony Group has announced plans to deepen its stake in Kadokawa Corporation, a major player in Japanese media, by investing approximately 50 billion yen ($320 million). The move will increase…
China Accuses US of Cyberattacks on High-Tech Companies
China’s national cyber emergency response center has accused U.S. entities of launching cyberattacks on Chinese tech firms to steal trade secrets. According to a statement by the National Computer Network…
Elon Musk Confirms Starlink Is Inactive in India After Device Seizures
Starlink, Elon Musk’s satellite internet company, is not operational in India, Musk confirmed late Tuesday. His statement came after Indian authorities seized two devices bearing the Starlink logo in recent…
Qualcomm’s Nuvia Deal Could Save $1.4 Billion Annually in Arm Fees
Qualcomm projected it could save up to $1.4 billion annually in payments to Arm by acquiring startup Nuvia, according to internal documents revealed in a Delaware federal court trial. Qualcomm…
Kakao Mobility Fined $10.5 Million for Restricting Rivals on Taxi App
Kakao Mobility, the ride-hailing subsidiary of Korean tech giant Kakao, has been fined $10.5 million (KRW 15.1 billion) by South Korea’s antitrust watchdog, the Korea Fair Trade Commission (KFTC), for…
Honda and Nissan in Talks to Join Forces Against Competitors
Honda and Nissan are exploring a merger that could reshape the global automotive landscape. According to Nikkei, the two Japanese automakers are in talks to consolidate under a new holding…
Japan’s Kioxia Valued at $5.8 Billion After IPO Surge
Shares of Kioxia Corporation surged 14% on their debut Wednesday, valuing the Japan-based memory chipmaker at approximately 890 billion yen ($5.8 billion). Backed by Bain Capital, the company’s initial public…
Salesforce Boosts AI Sales Team with 2,000 New Hires
Salesforce, the cloud software leader, announced plans to hire 2,000 sales representatives to focus on its growing portfolio of AI products. This decision, shared by CEO Marc Benioff during a…
Senators Push Biden for 90-Day Extension on TikTok Sale Deadline
Democratic Senator Ed Markey and Republican Senator Rand Paul have called on President Joe Biden to extend by 90 days the January 19 deadline for China-based ByteDance to sell TikTok’s…
EU Opens Investigation into TikTok Over Election Risks in Romania
The European Union has launched a formal investigation into TikTok‘s handling of election security risks, with a focus on Romania’s recent presidential election. Announced on Tuesday, the probe marks TikTok’s…
Taiwan Encourages Firms to Build Robotics and Drones Locally
Taiwan’s government is pushing forward a new initiative, “Chips Team Taiwan,” to encourage domestic companies to increase production of satellites, drones, and robotics, according to Technology and Science Minister Wu…
CrowdStrike Challenges Delta Lawsuit Over Cybersecurity Outage
CrowdStrike has filed a motion to dismiss Delta Air Lines’ lawsuit stemming from a July cybersecurity incident that caused widespread flight cancellations and passenger disruptions. The cybersecurity firm argues the…
Taiwan Explores Collaboration with Amazon on Satellite Internet
Taiwan is exploring a partnership with Amazon for its Kuiper broadband satellite system, as the government seeks to bolster communication infrastructure against potential disruptions. Taiwan’s Technology and Science Minister, Wu…
GlobalWafers Secures $406 Million for US Chip Manufacturing Expansion
The U.S. Commerce Department has finalized a $406 million subsidy for Taiwan’s GlobalWafers, aiming to boost domestic semiconductor production. The funding, announced Tuesday, will support projects in Texas and Missouri…
Nvidia Slips Further While Broadcom Loses Early Momentum
Nvidia continued its slide into correction territory on Tuesday, closing down more than 1%. Broadcom, which initially saw gains during pre-market trading, also ended the day lower, reversing earlier momentum…
Elon Musk and SpaceX Face Federal Investigations Over Security Concerns
Federal reviews are underway to investigate Elon Musk and SpaceX for potential violations of U.S. security protocols. According to a report by The New York Times, Musk and his aerospace…
Elon Musk Opens Texas Preschool to Reimagine Education
Elon Musk, known for reshaping industries and stirring public debate, is now setting his sights on education. In Bastrop, Texas—a growing hub for Musk’s business operations—the billionaire is funding a…
China Aims to Lead AI as Its Models Compete with US Rivals
China’s push to lead the global artificial intelligence race appears to be gaining momentum. Analysts and insiders report that Chinese AI models, particularly large language models (LLMs), are achieving competitive…