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…
BYD announces recall of top-selling Dolphin and Yuan Plus EVs
BYD is recalling nearly 97,000 electric vehicles due to a manufacturing fault in the steering control unit, which poses a potential fire risk, according to the Chinese market regulator. The…
ByteDance Turns to Huawei Chips for New AI Model Development
ByteDance is reportedly preparing to develop a new artificial intelligence model using Huawei chips, as U.S. trade restrictions push the Chinese tech giant to seek domestic alternatives. According to three…
Epic Games accuses Samsung and Google of blocking rival app stores
Epic Games has accused Samsung and Google of colluding to stifle competition and restrict user choice in a lawsuit filed on Monday. The legal action claims that Samsung’s Auto Blocker…
Cerebras Announces IPO Plans to Compete with Nvidia in AI Market
Artificial intelligence chipmaker Cerebras Systems has filed for an initial public offering (IPO), aiming to trade under the ticker symbol “CBRS” on the Nasdaq. The company, founded in 2016 and…
Nio to Invest US$1.9 Billion in China Unit as EV Expansion Continues
Chinese electric vehicle (EV) manufacturer Nio Inc. is set to inject 13.3 billion yuan (US$1.9 billion) into its China unit through a combination of its own funds and contributions from…
Micron’s Impressive Forecast Sparks Global Chip Market Rally
Global chip stocks saw a significant rally on Thursday following U.S. semiconductor maker Micron’s revenue guidance, which surpassed market expectations. Micron projected revenue of $8.7 billion, plus or minus $200…
CATL Confirms Small Disruption After Battery Plant Fire in Ningde
China’s Contemporary Amperex Technology Co. Ltd. (CATL) announced that a fire at its battery factory in Fujian province has caused limited disruption to production, with a relatively small number of…
Fire investigation begins at Tata factory making Apple iPhone parts in India
Indian authorities are preparing to conduct a forensic investigation following a fire at the Tata Electronics factory in Hosur, Tamil Nadu, which manufactures components for Apple iPhones. The fire broke…
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…