Rakuten Increases Target Price to RM1.23, Anticipates Growth in AI Server Demand for SNS
Rakuten Trade has affirmed its ‘buy’ rating for SNS Network Technology Bhd (KL) at 84 sen, raising the target price to RM1.23 from 54 sen. This upgrade reflects a revised…
Indian Crypto Exchange Hit by $235M Hack, Pauses Withdrawals
Web3 security firm Cyvers has identified several suspicious transactions involving WazirX’s Safe Multisig wallet on the Ethereum network. According to an X post by Cyvers, approximately $234.9 million worth of…
TSMC Surpasses Second-Quarter Profit Forecasts Amid Ongoing AI Chip Demand Surge
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the second quarter, driven by the growing demand for advanced chips used in AI applications. Metric Q2 2024 Actual…
Kaspersky to Shut Down U.S. Operations and Lay Off Staff After Ban
Kaspersky will exit the U.S. market and lay off dozens of employees following a U.S. government ban on its software due to security concerns. Starting July 20, the Russian cybersecurity…
Japan’s Nikon eyes innovative 3D printing for US defence market
Nikon Corp, the renowned Japanese precision equipment maker, is attracting interest from U.S. defense and aerospace companies for its advanced metal 3D printers. This expansion is part of Nikon’s broader…
Ultrahuman’s Smart Ring Receives FDA Approval for AFib Detection
The smart ring has long been overshadowed by the smartwatch. For years, tech giants like Apple and Google have battled for dominance over wrists, leaving the smart ring market relatively…
Ethereum Poised to Surpass Bitcoin Performance Post-ETF Launch, Kaiko Report Suggests
A recent report from Kaiko has sparked considerable interest within the cryptocurrency community by suggesting that Ether (ETH) may outperform Bitcoin (BTC) following the anticipated launch of Ethereum exchange-traded funds…
MediaTek and Qualcomm Intensify Battle for Dominance in 5G Smartphone Market
MediaTek is outpacing Qualcomm in gaining 5G smartphone market share, according to research group Omdia, a Light Reading sister company. This shift is largely due to the increased availability of…
EU Court Upholds Gatekeeper Label for ByteDance, Empowering Regulators
ByteDance, the owner of the popular social media app TikTok, faced a significant legal setback on Wednesday. The company lost its court challenge against being designated as a “gatekeeper” under…
Samsung is creating AI features for China to regain market share.
Samsung is developing its suite of artificial intelligence features known as Galaxy AI specifically for the Chinese market, the company’s mobile chief told CNBC. This move comes as Samsung aims…
China is building two-thirds of the world’s new wind and solar projects.
Almost two-thirds of large wind and solar plants currently under construction worldwide are located in China, according to research released on Thursday. The rapid expansion of renewable energy in China…
China Requests WTO Panel to Address US Electric Vehicle Subsidies Dispute
China has asked the World Trade Organization (WTO) to form an expert panel to help resolve a dispute over electric vehicle (EV) subsidies under the US Inflation Reduction Act (IRA),…
Metaplanet Acquires Additional $1.2 Million in Bitcoin Amid Price Surge Toward $65K
Metaplanet, a Bitcoin-stacking investment firm based in Japan, has strategically expanded its Bitcoin portfolio by purchasing an additional 21.88 Bitcoin, valued at over $1.2 million (200 million Japanese yen). This…
New EU AI Regulations Increase Operational Costs for Chinese Tech Companies
The European Union (EU) is set to implement the world’s first comprehensive artificial intelligence (AI) regulations on August 1. These new rules are expected to significantly increase compliance and assessment…
Speculation on Mainland China Reversing Bitcoin Ban Met With Community Skepticism
Recent buzz on social media has reignited discussions about China potentially lifting its longstanding prohibition on Bitcoin. However, the cryptocurrency community remains largely skeptical about such a reversal happening anytime…
Users Can Now Try iOS 18 and More as Apple Releases Public Betas
Apple has launched public betas for iOS 18, macOS Sequoia, iPadOS 18, watchOS 11, and tvOS 18, providing users early access to the upcoming features across its devices. The iOS…
Hong Kong Identifies Seven Crypto Exchanges as Unregulated for Non-Compliance
The Securities and Futures Commission of Hong Kong (SFC) has recently intensified its oversight of the cryptocurrency sector, issuing alerts against seven trading platforms accused of operating without necessary licenses.…
Apple’s India Sales Soar 33%, Reaching Record High Amid Shift from China
Apple Inc. has achieved a milestone in India, with its annual sales reaching a record of almost $8 billion. This shows the rapid growth of the Indian market, where the…
Huawei Invests $1.4 Billion in New Shanghai Center Amid Intensifying Chip War
Huawei Technologies Co is on the brink of finishing the construction of a chip research and development center in Shanghai. This development is poised to bolster China’s technological advancements despite…
India’s Affinity for Cheap Feature Phones Challenges Smartphone Brands
India, the world’s second-largest smartphone market after China with around 750 million users, is experiencing a slowdown in new smartphone sales. Many consumers find it difficult to afford a brand-new…