India’s Antitrust Probe Finds Zomato and Swiggy Favored Select Restaurants
India’s antitrust regulator has found that food delivery giants Zomato and Swiggy engaged in practices that breached competition laws by favoring select restaurant partners, according to documents from the Competition…
Sony’s Profit Leaps 73% with Boost from Gaming Sector
Sony Group Corp. reported a significant rise in operating profit for the July-September quarter, driven largely by its game and network services sector, which helped mitigate reduced revenue from TV…
ASML Resolves Global IT Outage Amid Heightened Scrutiny Over China Sales
ASML, the Dutch semiconductor equipment maker, has resolved a global IT systems outage that affected operations on Friday. The company confirmed that “all systems are fully recovered,” although the cause…
China Prepares for Trump’s Policies with Boosted Chip Equipment Purchases
China’s semiconductor sector is bracing for another challenging period under Donald Trump by accelerating its purchase of foreign chipmaking equipment and exploring alliances with international partners. Anticipating stricter U.S. trade…
US Orders TSMC to Halt AI Chip Shipments to China
The United States has directed Taiwan Semiconductor Manufacturing Co. (TSMC) to suspend shipments of advanced chips to Chinese companies, primarily those used in artificial intelligence applications, effective Monday, according to…
China’s SMIC Sees Overcapacity Extending to 2025 with Limited New Investments
China’s largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), cautioned Friday that the mature node chip market would remain oversupplied until at least 2025, signaling a restrained approach to capacity growth.…
Nvidia Reaches Historic $3.6 Trillion Market Value After Trump Election Win
Shares of Nvidia surged to a record high on Thursday, marking a historic milestone as the chipmaker became the first company to surpass a $3.6 trillion market capitalization. This achievement…
How Samsung’s Delayed AI Strategy Opened Doors for Rival SK Hynix
Samsung Electronics, once the dominant force in memory semiconductors, is now struggling in the AI-driven chip market, resulting in a $126 billion loss in market value, as reported by S&P…
Nissan to Cut 9,000 Jobs and Slash CEO’s Pay Amid Struggles
Nissan Motor Co. plans to lay off 9,000 workers and reduce its global manufacturing capacity by 20 percent, according to Reuters. The Japanese automaker’s restructuring strategy is aimed at trimming…
Trump Expected to Maintain CHIPS Act Despite Campaign Criticisms
President-elect Donald Trump is expected to uphold the Biden administration’s CHIPS and Science Act, a landmark policy designed to boost U.S. semiconductor production, despite criticism voiced during his campaign, according…
Samsung Elevates Bixby with Its Biggest Update Yet
Samsung has announced its largest update in years to Bixby, the company’s virtual assistant, which has long lagged behind competitors like Apple’s Siri and Google’s emerging Gemini. Revealed during a…
Qualcomm’s Strong Forecast Driven by Chinese Smartphone Demand
Qualcomm Inc. announced on Wednesday that its projected sales and profit for the upcoming quarter are expected to surpass Wall Street’s estimates, largely driven by an increase in Chinese smartphone…
Nintendo Confirms Switch Games Will Work on Upcoming Console
Nintendo’s president, Shuntaro Furukawa, announced on Wednesday that software from the company’s Switch console will be compatible with its upcoming successor device. While specific details about the new hardware are…
China-Linked Hackers Accessed US Telecom Data for Months, Report Finds
New revelations highlight the scale of surveillance on US telecom networks by hackers linked to China, potentially impacting thousands of Americans. The Wall Street Journal reports that this hacking group,…
Suzuki Unveils First EV E Vitara in Collaboration with Toyota
Suzuki has unveiled its first electric vehicle (EV), the E Vitara, developed in collaboration with Toyota. The compact, 4WD-capable electric SUV marks a significant milestone for Suzuki as it ventures…
US Lawmaker Urges Crackdown on Chinese Chipmaker SMIC
A leading Republican lawmaker has voiced strong concerns over the Biden administration’s approach to regulating China’s Semiconductor Manufacturing International Corp (SMIC), arguing that not enough is being done to counter…
South Korea Fines Meta $15 Million for Collecting User Data Illegally
Facebook owner Meta Platforms faces a 21.62 billion won ($15.67 million) fine imposed by South Korea for collecting and using sensitive user data without legal authorization. The Personal Information Protection…
Nvidia Surpasses Apple in Market Value, Reclaims Top Spot
Nvidia passed Apple in market capitalization on Tuesday, becoming the world’s most valuable publicly traded company for the second time. Nvidia’s stock climbed nearly 3%, closing with a market cap…
Super Micro Shares Fall 17% as Annual Results Delay Remains Unresolved
Super Micro, a major player in the server industry facing scrutiny, has experienced a 17% decline in share value during extended trading. This sharp drop followed the company’s release of…
Japanese Engineers Head to Tenstorrent for AI Chip Training
Japan’s government has enlisted Silicon Valley AI chip startup Tenstorrent to train 200 Japanese chip designers over five years at the company’s U.S. offices. This initiative, announced Tuesday, involves a…