Samsung Electronics’ Union Plans First-Ever Walkout Next Week
In an unprecedented move, the National Samsung Electronics Union (NSEU) in South Korea announced plans to escalate strike action next week, marking the first walkout in the company’s history. The…
Xiaomi Achieves Remarkable Growth in Q1 2024
Xiaomi Corporation, a prominent player in consumer electronics and smart manufacturing, has reported a significant year-on-year (YoY) growth in its financial results for the first quarter of 2024. Known for…
Nvidia co-launches Southeast Asia’s inaugural AI startup accelerator
Singapore-based ecosystem builder Tribe and government-linked Digital Industry Singapore (DISG) have joined forces with Nvidia to launch the Ignition AI Accelerator, Southeast Asia’s pioneering AI startup accelerator. This groundbreaking initiative,…
Toyota, Subaru, and Mazda Collaborate on New Engine Development
In a significant move toward enhancing vehicle electrification, Toyota Motor, alongside smaller Japanese automakers Subaru and Mazda Motor, announced a joint initiative to develop new engines specifically designed for integration…
Gopax Sells Half of Genesis Claims to Users Amid Financial Strain
Gopax, a major South Korean cryptocurrency exchange and one of the top five by market share, is reportedly navigating financial turmoil after it sold user deposit claims for only half…
MARS Strengthens Commitment to India’s Infra.Market with Fresh $50M Investment
Infra.Market, a Mumbai-based startup revolutionizing procurement for construction and real estate firms, has raised $50 million from MARS Unicorn Fund, according to a statement provided to TechCrunch on Tuesday. This…
Mt. Gox Transfers $9.6 Billion in Bitcoin, Signaling Repayment Efforts, Trustee Confirms
Mt. Gox, the collapsed cryptocurrency exchange, has made a significant on-chain transaction, consolidating $9.62 billion worth of Bitcoin into a new wallet, sparking hopes among creditors for imminent repayments. This…
The Rise of Memecoins: Dominating the Crypto Open Interest Landscape
The cryptocurrency market has witnessed a remarkable surge in interest surrounding memecoins during this bull season, transforming them from niche internet jokes to formidable players in the digital asset space.…
Equinix Launches New IBX Data Centers in Johor and Kuala Lumpur
Equinix Inc, a leader in global digital infrastructure, has significantly expanded its footprint in Malaysia with the opening of two new International Business Exchange (IBX) data centers located in Johor…
Rethinking Stablecoins: Agora’s van Eck Critiques Yield-Bearing Models
In the rapidly evolving world of cryptocurrencies, the debate around the true purpose and design of stablecoins continues to intensify. Nick van Eck, CEO of the stablecoin issuer Agora, has…
Gracy Chen’s Vision to Transform the Crypto Industry as Bitget’s New CEO
In a landmark appointment, Gracy Chen has taken the helm as the new CEO of Bitget, a leading cryptocurrency exchange and Web3 company. This change comes as Chen succeeds Sandra…
China’s Chipmakers Rapidly Advancing in AI Technology, According to SenseTime’s Xu
In recent years, China has been aggressively working to narrow the technological divide with global leaders in artificial intelligence (AI) chip production. This effort, driven by local talent and vast…
Japanese police have arrested a man for allegedly using generative AI to create a computer virus.
Tokyo, Japan – A significant milestone in the realm of cybercrime and artificial intelligence has been reached as Tokyo police have arrested a 25-year-old man, Hayashi Ryuki, on suspicion of…
FSBM to Explore Business Opportunities for T-Parus Technology in Southeast Asia
FSBM Holdings Bhd’s (KL) wholly owned subsidiary, FSBM MES Elite Sdn Bhd, has announced the signing of agreements related to business opportunities involving advanced power backup solutions with Syarikat Logam…
Malaysia aims to attract over $100 billion in investments for its semiconductor industry.
Malaysia aims to attract at least 500 billion ringgit ($107 billion) in investment for its semiconductor industry, Prime Minister Anwar Ibrahim announced on Tuesday. This move is part of a…
China Establishes $47.5 Billion Semiconductor Fund to Support Domestic Companies
China has established its largest semiconductor investment fund yet, aiming to bolster its domestic chip industry amidst growing international tensions, particularly with the United States. The initiative marks China’s most…
Anticipation Builds Among Traders for a Major Rally as Altcoins Near Critical Resistance Levels
The cryptocurrency market is abuzz with speculation about the onset of “altseason,” a period characterized by significant gains across altcoins, following Ether’s notable 27% increase over the past week. The…
Ethereum Nears $4,000 Milestone: The Onset of a Post-ETF Approval Surge?
As trading commenced on May 27, Ether (ETH) is making strides towards the $4,000 mark, experiencing a notable 5% increase within the last 24 hours. This surge comes in the…
Southeast Asia’s Potential AI Boom Attracts Stock Traders
As the global tech industry continues its aggressive expansion, equity investors are turning their sights to Southeast Asia, identifying it as a prime region to capitalize on the burgeoning artificial…
Nomura Holdings and GMO Group Collaborate on Stablecoin Initiative in Japan
Nomura Holdings, a global financial services company operating in 30 countries, has partnered with GMO Internet Group to focus on stablecoin development, specifically targeting the issuance of Japanese yen and…