Horizon Robotics Aims to Raise $696 Million in Largest Hong Kong IPO of 2024
Horizon Robotics, a Chinese autonomous driving firm, plans to raise up to $696 million in its upcoming Hong Kong initial public offering (IPO), marking the city’s largest listing of 2024.…
ASML Reveals Impact of U.S. Chip Export Curbs on China Sales
ASML, a key player in the global chip supply chain, has provided its first detailed insight into how U.S. export restrictions on advanced chip manufacturing tools will affect its sales…
Intel and AMD join forces to tackle competition from Arm
Intel and AMD announced on Tuesday they are joining forces to ensure software compatibility across their x86 chips, in response to growing competition from Arm Holdings. Intel, which developed the…
Xpeng President Confirms Long-Term Strategy for Europe Despite Tariff Challenges
Xpeng remains committed to its long-term strategy in Europe despite the pressures from newly imposed tariffs by the European Union, according to Brian Gu, vice chairman and co-president of Xpeng.…
Nvidia Nears Apple’s Value After Record-Setting Stock Rise
Nvidia, the renowned AI chipmaker, achieved a record stock close on Monday, with its shares reaching $138.07, fueled by investor confidence in the company’s continued dominance in AI technology. The…
ASML Reports 16% Share Plunge as China Sales Fall Short of Expectations
ASML shares dropped 16% after the Dutch semiconductor equipment maker released its financial results a day early, warning of weaker sales in China. The company’s forecast for 2025, now ranging…
Boeing Plans 10 Percent Workforce Reduction Affecting 17,000 Employees
Boeing is planning to reduce its workforce by approximately 10%, which equates to around 17,000 jobs, according to an email sent to employees by President and CEO Kelly Ortberg, Reuters…
Kioxia IPO Scrapped After Investors Demand Lower Valuation
Bain Capital’s plan to list Japan’s Kioxia in an initial public offering (IPO) hit a roadblock as investors demanded a significantly lower valuation than the U.S. buyout firm sought, according…
Strong AI Chip Sales Push TSMC to Record Q3 Profit
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to post a 40% jump in third-quarter profit, driven by strong demand for its advanced chips used in artificial intelligence (AI) applications. The…
Over 700 ByteDance employees laid off in Malaysia as AI takes center stage
ByteDance, the Chinese parent company of TikTok, has laid off over 700 workers from its Malaysian unit as it pivots towards a more AI-driven approach to content moderation, according to…
Canva Reverses Price Hike After Customer Backlash
Canva has reversed its decision to raise prices by up to 300% for long-term customers, responding to backlash from small businesses and other users. Initially, the Sydney-based design software company,…
Growth Returns to Online Shopping in Europe as Cheap Marketplaces Expand
Consumer confidence is bouncing back in Europe, driving the revival of online shopping this year, according to a report by industry group Ecommerce Europe. This recovery comes as low-cost platforms…
Nvidia shares rally 25 percent as AI demand drives growth
Nvidia’s stock has climbed 25% over the past month, approaching record highs ahead of key tech earnings reports from top clients, including Meta, Microsoft, and Alphabet. These companies are expected…
Singapore sets April 2025 deadline for digital bunker notes rollout
Singapore’s marine fuel suppliers will be required to provide digital bunkering services and issue electronic bunker delivery notes starting April 1, 2025. Amy Khor, Singapore’s senior minister of state for…
TSMC reports third-quarter revenue surge, outpaces predictions
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, announced its third-quarter revenue on Wednesday, exceeding both market expectations and its own forecasts. The company, driven by strong demand…
South Korea and Singapore to Strengthen Ties with Strategic Partnership
South Korea and Singapore have agreed to establish a strategic partnership next year, as announced by Singapore’s Prime Minister Lawrence Wong during a joint press conference with South Korean President…
AI Fund led by Andrew Ng makes first India investment with Jivi
Andrew Ng-led AI Fund has made its first investment in India, backing the AI-powered healthcare startup Jivi. The announcement was made on Tuesday, marking the fund’s entrance into India’s burgeoning…
Samsung apologizes after missing third-quarter profit expectations
Samsung’s Vice Chairman, Jun Young-hyun, the new head of the company’s Device Solutions Division, issued a rare apology on Tuesday following the company’s disappointing third-quarter profit guidance. The apology came…
AI Boom Has Room to Grow Says Foxconn Chairman Amid Language Model Evolution
Foxconn CEO and Chairman Young Liu has indicated that the surge in corporate investment in artificial intelligence (AI) infrastructure will continue as large language models (LLMs) advance. In an interview…
Tata iPhone Component Plant Shuts Down Indefinitely After Fire Incident
Production has been indefinitely halted at Tata Electronics’ plant in southern India, following a fire that broke out over the weekend. The facility, which produces key components for Apple’s iPhone,…