South Korea’s Ruling Party Backs Chipmakers to Counter Trump’s Trade Threat
South Korea’s ruling party introduced a bill on Monday to provide subsidies and lift restrictions on working hours for chipmakers, aiming to counter potential risks tied to measures proposed by…
Elon Musk’s Wealth Soars by $70 Billion Following Trump Victory
Elon Musk, the prodigious CEO of Tesla and SpaceX, has witnessed an extraordinary surge in his net worth, swelling by approximately $70 billion following Donald Trump’s election victory. This phenomenal…
Ai-Da Robot Sells Historic Artwork for $1 Million at Auction
Ai-Da, a humanoid AI-powered robot, has made history as the first robot to sell a work of art at auction. The portrait, titled “AI God,” which depicts Alan Turing —…
India’s Antitrust Probe Finds Zomato and Swiggy Favored Select Restaurants
India’s antitrust regulator has found that food delivery giants Zomato and Swiggy engaged in practices that breached competition laws by favoring select restaurant partners, according to documents from the Competition…
Sony’s Profit Leaps 73% with Boost from Gaming Sector
Sony Group Corp. reported a significant rise in operating profit for the July-September quarter, driven largely by its game and network services sector, which helped mitigate reduced revenue from TV…
ASML Resolves Global IT Outage Amid Heightened Scrutiny Over China Sales
ASML, the Dutch semiconductor equipment maker, has resolved a global IT systems outage that affected operations on Friday. The company confirmed that “all systems are fully recovered,” although the cause…
China Prepares for Trump’s Policies with Boosted Chip Equipment Purchases
China’s semiconductor sector is bracing for another challenging period under Donald Trump by accelerating its purchase of foreign chipmaking equipment and exploring alliances with international partners. Anticipating stricter U.S. trade…
US Orders TSMC to Halt AI Chip Shipments to China
The United States has directed Taiwan Semiconductor Manufacturing Co. (TSMC) to suspend shipments of advanced chips to Chinese companies, primarily those used in artificial intelligence applications, effective Monday, according to…
China’s SMIC Sees Overcapacity Extending to 2025 with Limited New Investments
China’s largest chipmaker, Semiconductor Manufacturing International Corp (SMIC), cautioned Friday that the mature node chip market would remain oversupplied until at least 2025, signaling a restrained approach to capacity growth.…
Nvidia Reaches Historic $3.6 Trillion Market Value After Trump Election Win
Shares of Nvidia surged to a record high on Thursday, marking a historic milestone as the chipmaker became the first company to surpass a $3.6 trillion market capitalization. This achievement…
How Samsung’s Delayed AI Strategy Opened Doors for Rival SK Hynix
Samsung Electronics, once the dominant force in memory semiconductors, is now struggling in the AI-driven chip market, resulting in a $126 billion loss in market value, as reported by S&P…
Nissan to Cut 9,000 Jobs and Slash CEO’s Pay Amid Struggles
Nissan Motor Co. plans to lay off 9,000 workers and reduce its global manufacturing capacity by 20 percent, according to Reuters. The Japanese automaker’s restructuring strategy is aimed at trimming…
Trump Expected to Maintain CHIPS Act Despite Campaign Criticisms
President-elect Donald Trump is expected to uphold the Biden administration’s CHIPS and Science Act, a landmark policy designed to boost U.S. semiconductor production, despite criticism voiced during his campaign, according…
Qualcomm’s Strong Forecast Driven by Chinese Smartphone Demand
Qualcomm Inc. announced on Wednesday that its projected sales and profit for the upcoming quarter are expected to surpass Wall Street’s estimates, largely driven by an increase in Chinese smartphone…
Suzuki Unveils First EV E Vitara in Collaboration with Toyota
Suzuki has unveiled its first electric vehicle (EV), the E Vitara, developed in collaboration with Toyota. The compact, 4WD-capable electric SUV marks a significant milestone for Suzuki as it ventures…
Nvidia Surpasses Apple in Market Value, Reclaims Top Spot
Nvidia passed Apple in market capitalization on Tuesday, becoming the world’s most valuable publicly traded company for the second time. Nvidia’s stock climbed nearly 3%, closing with a market cap…
Amazon CEO Andy Jassy Denies Office Mandate Is a “Backdoor Layoff”
Amazon CEO Andy Jassy addressed employees at an all-hands meeting, pushing back on claims that the company’s upcoming five-day in-office mandate serves as a “backdoor layoff” strategy. According to a…
Super Micro Shares Fall 17% as Annual Results Delay Remains Unresolved
Super Micro, a major player in the server industry facing scrutiny, has experienced a 17% decline in share value during extended trading. This sharp drop followed the company’s release of…
Mozilla Foundation Cuts 30% of Staff, Shuts Down Advocacy Division
Mozilla Foundation just slashed 30% of its workforce, signaling major shifts for the organization known for championing internet openness and privacy. The cuts include dismantling its advocacy and global programs…
Japanese Engineers Head to Tenstorrent for AI Chip Training
Japan’s government has enlisted Silicon Valley AI chip startup Tenstorrent to train 200 Japanese chip designers over five years at the company’s U.S. offices. This initiative, announced Tuesday, involves a…