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…
Reddit Stock Hits $100 Milestone with Impressive Q3 Results
Reddit shares surged 22% in extended trading on Tuesday, reaching the $100 mark for the first time. This significant jump follows the company’s announcement of third-quarter results that exceeded analyst…
Tata Technologies’ Profit Slips Again as Global EV Market Cools
India’s Tata Technologies reported a profit decline for the third consecutive quarter, impacted by a global slowdown in electric vehicle (EV) demand. The engineering and technology services provider, which primarily…
Toyota Teams Up with NTT for $3.3 Billion AI Self-Driving Project
Toyota Motor Corporation and Japan’s Nippon Telegraph and Telephone (NTT) have pledged a combined investment of 500 billion yen ($3.26 billion) for research and development in artificial intelligence software aimed…
Vietnam’s Vingroup Invests Big in AI and Cloud Computing Startups
Vietnam’s Vingroup has announced a US$150 million fund, named VinVentures, aimed at investing in technology start-ups across Southeast Asia, with an initial focus on artificial intelligence, semiconductors, and cloud computing.…
China Extends Welcome as Apple Strengthens Market Position
China has welcomed Apple Inc.’s intention to expand its presence within the Chinese market, according to Commerce Minister Wang Wentao. In a recent meeting with Apple’s CEO, Tim Cook, Wang…
EU and China Agree to Continue Talks on Electric Vehicle Tariff Alternatives
The European Union and China have agreed to proceed with additional technical discussions in the coming days to explore alternatives to imposing tariffs on China-manufactured electric vehicles (EVs). Both the…
WeRide Gains Momentum in U.S. Market After Successful Nasdaq Launch
Shares of China’s self-driving technology company WeRide surged by 19% in its debut on the Nasdaq on Friday. Following an initial public offering (IPO) and private placement that raised $440.5…