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…
Indonesia’s INA and Granite Asia Set to Invest $1.2 Billion in Tech
Indonesian sovereign wealth fund INA and Singapore-based venture capital firm Granite Asia have announced plans to invest up to $1.2 billion in Indonesia’s technology sector. The joint investment aims to…
Nvidia and TSMC Gain Market Value in October Amid AI Chip Demand
Nvidia and TSMC saw significant gains in market value in October, driven by sustained demand for artificial intelligence (AI) chips. Nvidia’s market cap surged 9.3% to $3.26 trillion, propelled by…
Chinese Tech Firm DeepRoute.ai Secures $100 Million Investment for Expansion
DeepRoute.ai, a Shenzhen-based autonomous driving tech firm, announced Monday it secured $100 million from a Chinese automaker. The investment aims to accelerate the widespread adoption of its smart driving systems,…
Intel’s AI Chip Ambitions Face Setbacks One Year Later
Intel’s upbeat revenue projections on Thursday masked a significant setback: its AI chips have not lived up to earlier sales expectations. The company, led by CEO Pat Gelsinger, scrapped a…
Foxconn Subsidiary Shunsin Pursues $80 Million Vietnam Investment
Taiwanese electronics giant Foxconn’s subsidiary, Shunsin, is seeking an $80 million investment permit for a new plant in northern Vietnam, according to a document from Vietnam’s environment ministry. The planned…
EU Cracks Down on Temu Over Potential DSA Violations
The European Commission has launched a formal investigation into Temu, a fast-growing online marketplace known for its low-cost offerings. Announced Thursday, the investigation will determine whether Temu has violated the…
India’s Central Bank Clears Jio Payment Solutions for Digital Payment Services
India’s Jio Payment Solutions, a subsidiary of Mukesh Ambani’s Reliance Group firm Jio Financial Services, has received authorization from the country’s central bank to operate as an online payment aggregator.…
ByteDance Founder Zhang Yiming Becomes China’s Wealthiest Individual
ByteDance founder Zhang Yiming has claimed the title of China’s wealthiest individual, with a personal fortune reaching $49.3 billion, according to the annual Hurun China Rich List released Tuesday. At…
Indonesia Bans iPhone 16 Sales as Apple Falls Short on Local Investment
Apple’s newest iPhone 16 lineup, the Apple Watch Series 10, and other recently announced devices are now banned from sale in Indonesia after the company failed to meet local investment…
US Finalizes AI and Tech Investment Restrictions in China
The Biden administration announced on Monday that it has finalized rules limiting U.S. investments in specific technology sectors in China, including artificial intelligence, to safeguard national security. Initially proposed in…