Samsung apologizes after missing third-quarter profit expectations
Samsung’s Vice Chairman, Jun Young-hyun, the new head of the company’s Device Solutions Division, issued a rare apology on Tuesday following the company’s disappointing third-quarter profit guidance. The apology came…
AI Boom Has Room to Grow Says Foxconn Chairman Amid Language Model Evolution
Foxconn CEO and Chairman Young Liu has indicated that the surge in corporate investment in artificial intelligence (AI) infrastructure will continue as large language models (LLMs) advance. In an interview…
Nissan Joins ChargeScape with Major Investment in EV Charging Tech
Nissan Motor announced on Monday that it will invest in ChargeScape, an electric vehicle (EV) battery charging technology company. While the investment amount remains undisclosed, Nissan will acquire a 25%…
Samsung denies interest in separating chip manufacturing division
Samsung Electronics has ruled out the possibility of spinning off its contract chip manufacturing, known as its foundry business, as well as its System LSI logic chip design operations, despite…
US Files Complaints to Seize Assets from North Korean Hackers
On October 4, the United States government initiated legal action to seize over $2.67 million in digital assets that were reportedly stolen by the notorious Lazarus Group, a hacking organization…
China Faces EU Tariffs on Electric Vehicles as Trade Dispute Grows
The European Union has initiated a significant economic measure against China by imposing tariffs on electric vehicles (EVs), escalating the risk of retaliatory actions and potential repercussions for domestic businesses…
Strong AI Demand Propels Foxconn to Record Third-Quarter Revenue
Foxconn, the world’s largest contract electronics manufacturer, has exceeded market expectations, posting record third-quarter revenue driven by robust demand for artificial intelligence (AI) servers. Revenue surged 20.2% year-on-year to T$1.85…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…
AI Chip Market Challenges Threaten Samsung’s Profit Growth
Samsung Electronics is expected to report a substantial recovery in quarterly profit, with projections of over a four-fold increase to 10.33 trillion won ($7.67 billion) for the quarter ending September…
Mark Zuckerberg Surpasses Jeff Bezos as World’s Second Richest Person
Mark Zuckerberg has ascended to become the world’s second-richest person, surpassing Jeff Bezos according to the Bloomberg Billionaires Index. On Thursday, Zuckerberg’s net worth reached an impressive $206.2 billion, eclipsing…
Chinese Cyberattack Targets U.S. Broadband Providers and Wiretap Systems
Chinese hackers infiltrated the networks of U.S. broadband providers, accessing systems used by the federal government for court-authorized wiretapping, according to a Wall Street Journal report. The intrusion, targeting networks…
Taiwan’s New AML Laws Put Crypto Firms on Notice
The Financial Supervisory Commission (FSC) of Taiwan has introduced a set of new Anti-Money Laundering (AML) regulations that local virtual asset service providers (VASPs) must comply with by 2025. This…
Palworld Pushes Mobile Launch Despite Nintendo Lawsuit
Palworld, the creature-catching game often referred to as “Pokémon with guns,” is pressing forward with its mobile launch plans, despite a patent infringement lawsuit from Nintendo. The indie developer Pocketpair…
WuXi AppTec Explores Sale of Key Units Amid U.S. Restrictions
China’s WuXi AppTec and WuXi Biologics are considering the sale of parts of their pharmaceutical operations as U.S. national security concerns tighten restrictions on Chinese biotech firms. WuXi AppTec is…
Banks to Join SWIFT Digital Asset Trials in 2025
Banks across North America, Europe, and Asia are gearing up to participate in upcoming trials involving digital assets organized by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). On October…
Aptos Labs Enters Japan Through HashPalette Acquisition
Aptos Labs, the developer behind the Aptos Network, has taken a significant step to expand its presence in Asia by signing an agreement to acquire HashPalette, a Japanese non-fungible token…
Tesla and Chinese Automakers Face Increased EU Tariffs on EV Imports
The European Commission plans to impose additional tariffs on electric vehicles (EVs) imported from China, in response to an anti-subsidy investigation. These tariffs, set to supplement the EU’s standard 10%…
KKR Explores Potential Takeover Bid for Chip Equipment Maker ASMPT
U.S. private equity firm KKR is reportedly considering a takeover bid for ASMPT, a Hong Kong-listed chip equipment maker. The report, initially shared by Bloomberg News, cites sources familiar with…
Australian Federal Police ‘Decipher’ Seed Phrase to Access Suspect’s $6.4 Million in Cryptocurrency
The Australian Federal Police (AFP) recently announced that they successfully “deciphered” a seed phrase, allowing them to access $6.4 million (approximately 9.3 million Australian dollars) in cryptocurrency linked to a…
Nintendo Opens New Museum in Kyoto Celebrating 135 Years
Nintendo has launched a new museum in Kyoto, showcasing 135 years of history, from its beginnings as a playing card company to its current status as a global entertainment powerhouse.…