Hyundai’s Supernal Relocates Headquarters from DC to California
Hyundai’s electric air taxi startup, Supernal, is relocating its global headquarters from Washington, D.C., to Irvine, California, impacting a significant portion of its workforce in the process. Approximately 35 to…
Microsoft Takes a $800M Blow from Cruise Robotaxi Closure
Microsoft is set to take an $800 million hit due to General Motors’ decision to shut down its self-driving car subsidiary, Cruise. The impairment charge, disclosed in a regulatory filing,…
Ant Group Appoints New CEO as Jack Ma Speaks on AI’s Future
Ant Group has named Cyril Han as its new Chief Executive Officer, signaling a leadership shift as the financial technology giant aims to rejuvenate its growth following years of regulatory…
Trump Suggests TikTok Sale Amid Legal Challenges
Donald Trump, the president-elect, avoided giving a clear answer when asked if he would protect TikTok from its impending ban during an interview on Meet the Press with NBC’s Kristen…
Japan’s Kioxia Finalizes IPO Price and Prepares for December Listing
Bain Capital-backed chipmaker Kioxia has raised 120 billion yen ($800 million) through its initial public offering (IPO) after pricing shares in the middle of its marketed range, according to a…
China’s BYD Surges Ahead of Ford and Honda in Global Vehicle Sales
BYD, China’s leading electric vehicle (EV) manufacturer, is poised to exceed its 2024 sales goal, signaling another year of significant growth. The company is set to release November sales figures…
Ant Group President Cyril Han to Become CEO in March
Cyril Han, the current president and financial chief of China’s Ant Group, will step into the role of CEO starting March 1, 2025, according to an internal memo reviewed by…
US House to Vote on $3 Billion Plan to Remove Chinese Telecom Equipment
The U.S. House of Representatives plans to vote next week on a defense bill allocating over $3 billion to remove Huawei and ZTE equipment from American telecom networks. This funding…
Nvidia partners with Vietnam to build AI research and data centers
Nvidia has entered a new collaboration with the Vietnamese government to establish an artificial intelligence research and development center and a data center in Vietnam. The agreement, signed on Thursday…
ThredUp Sheds European Operations, Transfers Remix to Local Leadership
Fashion resale marketplace ThredUp has sold its European business, Remix, to focus solely on its domestic U.S. operations. This move, part of a strategic realignment, sees Remix’s management team, led…
Intel Seeks CEO with Foundry Expertise Following Gelsinger’s Resignation
Intel’s search for a new CEO is focused on candidates with strong manufacturing backgrounds, particularly in foundry operations, interim co-CEO David Zinsner revealed at the UBS Technology Conference on Wednesday.…
Temu Ordered to Halt Operations in Vietnam Over Registration Failure
Chinese e-commerce platform Temu has been ordered to suspend its operations in Vietnam after missing a key registration deadline, according to reports from Vietnamese state media. The decision follows the…
Schneider Electric and Nvidia Team Up to Create AI Data Center Cooling Systems
Schneider Electric, the French electrical equipment giant, is collaborating with Nvidia to create advanced cooling systems for artificial intelligence (AI) data centers. These systems will support Nvidia’s flagship servers, set…
Trade Tensions Deepen as China Questions Safety of U.S. Semiconductors
Chinese companies have been advised to reconsider purchasing U.S. semiconductor products, with top industry associations declaring on Tuesday that American chips are “no longer safe.” The coordinated statements, issued by…
Lip-Bu Tan Emerges as Key Candidate in Intel’s CEO Hunt
Intel has begun its search for a new CEO, evaluating several external candidates, including semiconductor industry veteran and former board member Lip-Bu Tan. This follows the departure of Pat Gelsinger,…
FTC Orders Goat to Pay $2M Over Deceptive Shipping and Refund Practices
The Federal Trade Commission (FTC) has fined Goat, an online marketplace specializing in sneakers and apparel, over $2 million for misleading customers with false shipping promises and inadequate refund policies.…
Uber launches Shikara boat rides on Dal Lake
Uber has launched a new boat-hailing service in India, offering tourists the chance to ride the iconic Shikara boats on Dal Lake in Kashmir. These brightly colored wooden boats, adorned…
Intel CEO Pat Gelsinger Removed After Boardroom Disputes
Intel’s board of directors has ousted CEO Pat Gelsinger, marking the end of a challenging tenure that spanned nearly four years. The decision, announced Monday, follows a turbulent period where…
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…
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…