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…
Japan’s MUFG Spends $660 Million to Acquire WealthNavi
Japan’s Mitsubishi UFJ Financial Group (MUFG) announced plans to acquire WealthNavi Inc., a prominent provider of automated asset management, for approximately 99.7 billion yen ($664 million). The move will make…
Meituan Surprises with Strong Third-Quarter Revenue Growth
Chinese food delivery giant Meituan outpaced market expectations with a robust 22.4% year-on-year increase in third-quarter revenue, reporting 93.58 billion yuan ($12.94 billion). The results, disclosed on Friday, showcase Meituan’s…
Temasek-Backed SeaTown and Lim Join Forces to Create Skyform
SeaTown Holdings International, an Asia-focused alternative investment firm, has partnered with Singaporean tech investor Lim Yuan En to establish Skyform, a new enterprise technology services company. Announced Wednesday, the venture…
Shuhei Yoshida Steps Away from PlayStation After 30 Years
Shuhei Yoshida, a prominent figure in PlayStation’s history, has announced he will leave Sony Interactive Entertainment on January 15, 2025, marking the end of a career spanning three decades with…
China Sees Steep Decline in Foreign Smartphone Sales
Sales of foreign-branded smartphones in China, including Apple’s iPhones, fell sharply by 44.25% year-on-year in October, according to the China Academy of Information and Communications Technology (CAICT). The data, released…
Intel Faces Ownership Restrictions Tied to $7.86 Billion Subsidy Deal
Intel has revealed that its $7.86 billion subsidy deal from the U.S. government imposes limits on the company’s ability to sell stakes in its chip manufacturing subsidiary, should the unit…
Samsung Electronics Appoints New Heads for Memory and Foundry Chip Units
Samsung Electronics has revamped its semiconductor leadership, naming new heads for its memory and foundry chip divisions as it seeks to regain footing in the fiercely competitive AI chip market.…
Starlink Direct-to-Cell Service Achieves FCC Approval for T-Mobile Partnership
SpaceX’s Starlink satellite network has earned a groundbreaking Federal Communications Commission (FCC) approval, marking a significant step toward delivering direct-to-phone connectivity for T-Mobile customers. This milestone represents the first collaboration…
China’s CATL Denies Claims of Suppliers in Xinjiang Region
Contemporary Amperex Technology Co., Limited (CATL), a major Chinese battery manufacturer, clarified on Tuesday that it does not source from any suppliers in the Xinjiang region. The statement came in…
Japan Competition Authorities Raid Amazon Japan Over Anti-Monopoly Concerns
Japan’s Fair Trade Commission (JFTC) carried out an on-site inspection of Amazon Japan on Tuesday, investigating potential violations of anti-monopoly laws. According to a government source, the e-commerce giant is…
EU Faces Stalemate in Talks with China Over EV Tariffs
European Union officials have dismissed claims that a resolution to ongoing trade tensions with China over electric vehicle (EV) tariffs is near. While discussions between the EU and Chinese representatives…
Amazon Workers Plan Global Black Friday Strikes and Protests
Amazon employees in over 20 countries are gearing up for coordinated protests and strikes on Black Friday, marking one of the busiest shopping days of the year. The action, organized…
Alibaba Takes on Rivals with E-Commerce Reshuffle
Alibaba Group is consolidating its domestic and international e-commerce operations into a unified business unit to counter increasing competition, according to a Thursday stock exchange filing. The move marks the…