Horizon Robotics Aims to Raise $696 Million in Largest Hong Kong IPO of 2024
Horizon Robotics, a Chinese autonomous driving firm, plans to raise up to $696 million in its upcoming Hong Kong initial public offering (IPO), marking the city’s largest listing of 2024.…
Intel Faces Allegations of National Security Risks in China
The Cybersecurity Association of China (CSAC) has called for a security review of Intel products sold in China, accusing the U.S. chipmaker of repeatedly endangering the country’s national security. Though…
South Korea Announces Tougher Measures to Stop Advanced Technology Leaks
South Korea is set to strengthen its efforts to prevent overseas leaks of critical technologies, especially in the face of rising global competition for advanced innovations, Finance Minister Choi Sang-mok…
TSMC Reports Strong Profit Growth Fueled by AI Demand
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to announce a significant third-quarter profit increase, driven by the surge in demand for artificial intelligence (AI) applications. Analysts project TSMC’s net profit…
ASML Reveals Impact of U.S. Chip Export Curbs on China Sales
ASML, a key player in the global chip supply chain, has provided its first detailed insight into how U.S. export restrictions on advanced chip manufacturing tools will affect its sales…
Instagram introduces profile cards to help users find new friends
Instagram has introduced “profile cards,” allowing users and creators to more easily connect and make new friends on the platform. These cards will feature profile pictures, links, music, and even…
China Dismisses US Government’s Accusations of Cyber Infiltration
China has dismissed allegations made by the US government and Microsoft that the state-backed hacking group Volt Typhoon infiltrated critical US infrastructure, referring to the claims as a “political farce.”…
New YouTube Update Enhances Playback Speeds and Playlist Collaboration
YouTube has introduced several updates across its mobile, web, and TV platforms, enhancing user experience with new playback speed controls, collaborative playlists, and improved design features. The latest update allows…
India Backs Musk as Satellite Spectrum Allocation Debate Heats Up
India’s decision to allocate satellite spectrum through administrative means, bypassing the auction method, appears to favor global players like Elon Musk’s Starlink and Amazon’s Project Kuiper. Communications Minister Jyotiraditya Scindia…
Intel and AMD join forces to tackle competition from Arm
Intel and AMD announced on Tuesday they are joining forces to ensure software compatibility across their x86 chips, in response to growing competition from Arm Holdings. Intel, which developed the…
ASML’s Lowered Outlook Sparks Concerns Over Factory Overcapacity
ASML’s downgraded 2025 sales forecast has sparked a major sell-off in chip stocks, causing concerns about potential faltering global chip demand. However, analysts suggest the issue may lie in factory…
Xpeng President Confirms Long-Term Strategy for Europe Despite Tariff Challenges
Xpeng remains committed to its long-term strategy in Europe despite the pressures from newly imposed tariffs by the European Union, according to Brian Gu, vice chairman and co-president of Xpeng.…
ASML Reports 16% Share Plunge as China Sales Fall Short of Expectations
ASML shares dropped 16% after the Dutch semiconductor equipment maker released its financial results a day early, warning of weaker sales in China. The company’s forecast for 2025, now ranging…
Kioxia IPO Scrapped After Investors Demand Lower Valuation
Bain Capital’s plan to list Japan’s Kioxia in an initial public offering (IPO) hit a roadblock as investors demanded a significantly lower valuation than the U.S. buyout firm sought, according…
Star Health reveals $68,000 ransom demand after major data leak
Star Health, India’s largest health insurer, reported on Saturday that it received a ransom demand of $68,000 from a cyberhacker following a significant data breach involving sensitive customer information. The…
Rapidus and Denso team up to boost Japan’s chip design
Japanese companies Rapidus and Denso will share chip design methods for advanced technologies, including artificial intelligence and autonomous vehicles, according to a report from Nikkei on Saturday. The collaboration marks…
Ambani’s Reliance pushes back on India’s satellite spectrum allocation
Indian billionaire Mukesh Ambani’s Reliance has raised objections to India’s telecom regulator, claiming the decision to allocate satellite broadband spectrum without an auction is flawed, according to a letter obtained…
Strong AI Chip Sales Push TSMC to Record Q3 Profit
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to post a 40% jump in third-quarter profit, driven by strong demand for its advanced chips used in artificial intelligence (AI) applications. The…
Over 700 ByteDance employees laid off in Malaysia as AI takes center stage
ByteDance, the Chinese parent company of TikTok, has laid off over 700 workers from its Malaysian unit as it pivots towards a more AI-driven approach to content moderation, according to…
New AMD AI chip aims to challenge Nvidia’s dominance
AMD introduced a new artificial intelligence chip, the Instinct MI325X, on Thursday, aiming to challenge Nvidia’s dominance in the data center GPU market. The chip is set to enter production…