India’s Rapido Website Feedback Form Exposed Sensitive User and Driver Data
India’s ride-hailing platform Rapido recently patched a security vulnerability that exposed sensitive information of its users and drivers. Security researcher Renganathan P discovered the issue, which involved a website feedback…
Singapore’s Bolttech Raises Over $100 Million to Reach $2.1 Billion Valuation
Insurance technology company bolttech, headquartered in Singapore, has announced raising over $100 million in its Series C funding round. Led by Dragon Fund, Mitsubishi UFJ Financial Group, and fintech direct…
Sony Acquires 10 Percent Stake in Kadokawa Amid Market Fallout
Japan’s Kadokawa Corporation, known for its popular game “Elden Ring,” faced a sharp sell-off in its stock on Friday following an announcement that dashed hopes of a full acquisition by…
US Prompts Nvidia Investigation into Chips Found in China
The U.S. Department of Commerce has urged Nvidia to investigate how its chips ended up in China over the past year, according to a report by The Information. The scrutiny…
SK Hynix Secures $458 Million Grant for US Semiconductor Project
The U.S. Commerce Department announced on Thursday it has finalized an award of up to $458 million in grants for SK Hynix to fund an advanced chip packaging and R&D…
Shein Agrees to Local Data and Control Rules for India Comeback
Shein, the Chinese fashion retailer, must hand over Indian customer data and relinquish control of its local operations to its partner, Reliance Retail, to return to India. Government disclosures on…
North Korean Hackers Stole $1.3 Billion in Crypto in 2024
Hackers affiliated with the Democratic People’s Republic of Korea (DPRK) doubled their illicit gains from cryptocurrency theft in 2024 compared to the previous year, according to a December 19 report…
ASML and Partners Commit $230 Million for Eindhoven Development
Dutch technology companies, including chip equipment maker ASML, have committed around $230 million to support infrastructure development in Eindhoven, one of Europe’s fastest-growing technology hubs. The announcement ties into “Operation…
Sony invests $320 million to become Kadokawa’s largest shareholder
Sony Group has announced plans to deepen its stake in Kadokawa Corporation, a major player in Japanese media, by investing approximately 50 billion yen ($320 million). The move will increase…
China Accuses US of Cyberattacks on High-Tech Companies
China’s national cyber emergency response center has accused U.S. entities of launching cyberattacks on Chinese tech firms to steal trade secrets. According to a statement by the National Computer Network…
Elon Musk Confirms Starlink Is Inactive in India After Device Seizures
Starlink, Elon Musk’s satellite internet company, is not operational in India, Musk confirmed late Tuesday. His statement came after Indian authorities seized two devices bearing the Starlink logo in recent…
Kakao Mobility Fined $10.5 Million for Restricting Rivals on Taxi App
Kakao Mobility, the ride-hailing subsidiary of Korean tech giant Kakao, has been fined $10.5 million (KRW 15.1 billion) by South Korea’s antitrust watchdog, the Korea Fair Trade Commission (KFTC), for…
Honda and Nissan in Talks to Join Forces Against Competitors
Honda and Nissan are exploring a merger that could reshape the global automotive landscape. According to Nikkei, the two Japanese automakers are in talks to consolidate under a new holding…
Japan’s Kioxia Valued at $5.8 Billion After IPO Surge
Shares of Kioxia Corporation surged 14% on their debut Wednesday, valuing the Japan-based memory chipmaker at approximately 890 billion yen ($5.8 billion). Backed by Bain Capital, the company’s initial public…
South Korean Lawmaker Faces Six Months in Prison for Concealing Crypto Assets
Kim Nam-kuk, a member of South Korea’s National Assembly, is under scrutiny and could face a six-month prison sentence for allegedly failing to report his complete cryptocurrency holdings to the…
ASIC Takes Legal Action Against Binance Australia for Consumer Protection Breaches
The Australian Securities and Investments Commission (ASIC) has initiated legal proceedings against Binance Australia Derivatives, the cryptocurrency derivatives trading platform, citing significant failures in consumer protection. This move highlights ASIC’s…
Taiwan Encourages Firms to Build Robotics and Drones Locally
Taiwan’s government is pushing forward a new initiative, “Chips Team Taiwan,” to encourage domestic companies to increase production of satellites, drones, and robotics, according to Technology and Science Minister Wu…
Taiwan Explores Collaboration with Amazon on Satellite Internet
Taiwan is exploring a partnership with Amazon for its Kuiper broadband satellite system, as the government seeks to bolster communication infrastructure against potential disruptions. Taiwan’s Technology and Science Minister, Wu…
GlobalWafers Secures $406 Million for US Chip Manufacturing Expansion
The U.S. Commerce Department has finalized a $406 million subsidy for Taiwan’s GlobalWafers, aiming to boost domestic semiconductor production. The funding, announced Tuesday, will support projects in Texas and Missouri…
China Aims to Lead AI as Its Models Compete with US Rivals
China’s push to lead the global artificial intelligence race appears to be gaining momentum. Analysts and insiders report that Chinese AI models, particularly large language models (LLMs), are achieving competitive…