Vietnam Faces US Pressure Over Undersea Cable Decisions
The United States is actively encouraging Vietnam to avoid using Chinese firms, particularly HMN Technologies, in its plans to build 10 new undersea cables by 2030. Vietnam, dealing with aging…
Chinese Tech Firms Target Nvidia’s Dominance in AI Chip Market
China is making significant strides toward reducing its reliance on U.S. semiconductor technology, particularly amid increasing sanctions from Washington. With the rapid growth of artificial intelligence (AI) and foundational models,…
Samsung Workers Extend India Plant Strike After Failed Negotiations
Samsung workers at its India plant will continue their strike for the fifth day after negotiations involving the union, company management, and state government officials failed to produce a settlement.…
Ant Group Secures $6.5 Billion Refinancing for Overseas Expansion
China’s Ant Group is refinancing its $6.5 billion credit line, the company confirmed on Thursday. The move comes as the Alibaba-backed fintech giant aims to strengthen its overseas operations. According…
Young Sohn Returns to Arm’s Board After Samsung Advisory Role
Young Sohn, a senior adviser at Samsung Electronics, is set to rejoin the board of Arm Holdings, the British chip firm announced on Thursday. Sohn, who previously held a position…
India’s Antitrust Investigation Confirms Amazon, Flipkart Breaches
Indian authorities have concluded that e-commerce giants Amazon and Walmart’s Flipkart breached local antitrust laws by favoring specific sellers on their platforms, according to reports obtained by Reuters. The investigation,…
Indian Startup Swiggy Targets $1.4B IPO with $150M Increase
Swiggy is considering expanding its IPO by $150 million, potentially raising up to $1.4 billion. This would make it one of the largest public listings in India this year. The…
Oura Strengthens Its Health Platform with Veri Acquisition
Oura has announced the acquisition of Veri, a Finnish startup known for its metabolic health product, marking a significant development in the health hardware space. Veri, recognized for providing insights…
Oracle Stock Surges 49% This Year as Ellison Nears Bezos in Wealth
Oracle has emerged as a standout performer among large-cap tech stocks this year, trailing only Nvidia in gains, as Larry Ellison’s cloud-centric strategy has propelled the company forward. Following a…
US Authorities Shut Down Over 350 Websites Selling Illegal Gun Parts from China
U.S. authorities announced the seizure of more than 350 websites selling gun silencers and parts from China, which were being used to convert semiautomatic pistols into fully automatic machine guns.…
Videogame Firms Face EU Complaint Over Consumer Misdirection
Several major videogame companies, including Epic Games, Electronic Arts (EA), and Roblox, were accused of misleading consumers into spending money in a complaint filed by the European Consumer Organisation (BEUC)…
Chinese Tech Giants Push AI Innovation to Compete with U.S. Companies
China’s major tech firms are intensifying their efforts in the field of generative artificial intelligence (AI), positioning themselves as competitors to established U.S. players like OpenAI, Google, and Meta. Chinese…
Malaysia Partners with China to Advance UAV Technology Development
Malaysia is set to strengthen its technological capabilities in unmanned aerial vehicle (UAV) development through a collaboration with China’s Honeycomb Aerospace Technologies (Beijing) Co Ltd, the third-largest UAV manufacturer in…
Samsung Electronics plans to cut global workforce by up to 30% in select divisions
Samsung Electronics is planning to reduce its global workforce by up to 30% in certain divisions, targeting overseas staff in regions like the Americas, Europe, Asia, and Africa, according to…
Portugal Maintains Ban on Chinese 5G Equipment Under New Government
The Portuguese government has announced its decision to maintain the ban on the use of Chinese equipment in 5G networks, continuing the stance set by the previous administration. Infrastructure Minister…
OpenAI Unveils o1 Model That Can Fact-Check Itself
OpenAI has introduced its latest generative AI model family, code-named Strawberry, officially referred to as OpenAI o1. This release marks a significant development, with two versions available initially: o1-preview and…
Chinese-Swedish Lynk & Co Commits to Stable Prices Despite European Tariffs
Chinese-Swedish EV brand Lynk & Co has announced that it will not pass the burden of impending European tariffs on to consumers as it prepares to launch its first China-made…
Apple Supplier Jabil Creates 5,000 Jobs with South India Investment
Apple supplier Jabil is investing approximately 20 billion rupees ($238.2 million) to establish a new manufacturing facility in Tamil Nadu, India, according to a statement from the state’s industries minister,…
Huawei introduces $2,800 trifold phone designed for maximum portability
Huawei has officially unveiled its Mate XT Ultimate, a $2,800 trifold smartphone, distinguishing itself from traditional folding designs by offering a unique collapsing feature. With two hinges, the phone transitions…
OpenAI’s Strawberry AI Model Could Arrive Sooner Than Expected
OpenAI may release its anticipated AI model, Strawberry, sooner than expected, potentially within the next two weeks. New reports suggest that the model’s capabilities will surpass current generative AI models,…