ASML Says New U.S. Restrictions Will Not Impact Its Guidance
Computer chip equipment giant ASML remains steadfast in its financial outlook, stating that new U.S. restrictions on semiconductor exports to China, announced Monday, will not affect its most recent projections.…
Coinbase Halts Expansion Efforts into the Turkish Cryptocurrency Market
Cryptocurrency exchange Coinbase has decided to retract its initial application for entering the burgeoning Turkish crypto market, as revealed by documents from the Turkish Capital Markets Board (CMB). Coinbase’s Initial…
Changpeng Zhao Open to a Presidential Pardon from Donald Trump
Former Binance CEO Changpeng “CZ” Zhao has expressed his openness to receiving a federal pardon from United States President-elect Donald Trump. This statement came during a December 1 exchange on…
Swiggy Brings 10-Minute Food Delivery to 400 Cities Nationwide
Swiggy has extended its 10-minute food delivery service, Bolt, to over 400 cities and towns across India. The Bengaluru-based startup, which recently debuted on the stock market, is collaborating with…
Tencent’s New Game Looks Like a Clear Copy of Horizon
Tencent’s subsidiary, Polaris Quest, has unveiled its upcoming sci-fi adventure game, Light of Motiram, and it’s causing quite a stir. The game’s initial teaser features a post-apocalyptic setting where humans…
The AI Rivalry Between China and the U.S. Sparks New Global Debates
China’s ambition to lead in artificial intelligence (AI) development is a double-edged sword. While the country’s advancements may position it ahead of the United States in the AI race, the…
Chinese Semiconductor Industry Faces Fresh US Export Curbs
The United States is set to implement its third major crackdown on China’s semiconductor industry in as many years, introducing a new package of export restrictions on Monday. This move…
Kioxia Sets IPO Price Range at 1,390 to 1,520 Yen Per Share
Chipmaker Kioxia, backed by Bain Capital, has established a tentative price range of 1,390 to 1,520 yen ($9.22 to $10.09) per share for its upcoming initial public offering, according to…
Woman Wins $1,380 for Staying Smartphone-Free for Eight Hours
A woman in Chongqing, China, recently won 10,000 yuan (approximately $1,380) after successfully completing a “public welfare challenge” that tested participants’ ability to stay away from their smartphones for eight…
Japan Commits Extra ¥1.5 Trillion to Chip and AI Development
Japan is stepping up its commitment to semiconductor and artificial intelligence technologies with an additional ¥1.5 trillion ($9.9 billion) allocated to these sectors. The supplementary budget for the fiscal year…
Didi Bounces Back with Strong Third-Quarter Earnings
China’s leading ride-hailing company, Didi Global, reported a significant turnaround in its financial performance for the third quarter, announcing a net income of 929 million yuan ($128.42 million). This marks…
Why Jensen Huang Declined Morris Chang’s Offer to Run TSMC
Taiwan Semiconductor Manufacturing Company (TSMC) founder Morris Chang revealed in his newly published autobiography that he once offered Jensen Huang, the CEO of Nvidia, the opportunity to lead the Taiwanese…
ASML Shares Surge as Report Suggests Softer US Restrictions on China
ASML and other European semiconductor equipment makers saw their shares climb on Thursday, fueled by a Bloomberg report suggesting that U.S. trade restrictions on China’s semiconductor industry may not be…
Japan’s MUFG Spends $660 Million to Acquire WealthNavi
Japan’s Mitsubishi UFJ Financial Group (MUFG) announced plans to acquire WealthNavi Inc., a prominent provider of automated asset management, for approximately 99.7 billion yen ($664 million). The move will make…
Huawei’s Mate 70 Struggles to Match Buzz of Previous Models
Huawei’s latest flagship smartphone, the Mate 70, has sparked less consumer excitement in China compared to its predecessors, according to analysts. This cooling enthusiasm could impact Huawei’s shipment targets for…
India Competition Authority Opens Probe into Google’s Gaming Policies
India’s Competition Commission (CCI) has launched an investigation into Google’s policies surrounding real-money gaming apps, prompted by a complaint from gaming platform WinZO. The probe centers on allegations that Google’s…
China Vows Action if US Expands Semiconductor Controls
China issued a stern warning on Thursday, pledging to take “necessary actions” to safeguard its firms if the U.S. proceeds with expanded semiconductor control measures. The statement followed reports that…
ByteDance Sues Former Intern for $1.1 Million Over AI Breach
ByteDance, the Chinese tech giant and parent company of TikTok, has filed a lawsuit against a former intern, seeking $1.1 million in damages over claims of deliberate sabotage to its…
Meituan Surprises with Strong Third-Quarter Revenue Growth
Chinese food delivery giant Meituan outpaced market expectations with a robust 22.4% year-on-year increase in third-quarter revenue, reporting 93.58 billion yuan ($12.94 billion). The results, disclosed on Friday, showcase Meituan’s…
Temasek-Backed SeaTown and Lim Join Forces to Create Skyform
SeaTown Holdings International, an Asia-focused alternative investment firm, has partnered with Singaporean tech investor Lim Yuan En to establish Skyform, a new enterprise technology services company. Announced Wednesday, the venture…