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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…
ASML Shares Surge as Report Suggests Softer US Restrictions on China
ASML and other European semiconductor equipment makers saw their shares climb on Thursday, fueled by a Bloomberg report suggesting that U.S. trade restrictions on China’s semiconductor industry may not be…
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…
Huawei’s Mate 70 Struggles to Match Buzz of Previous Models
Huawei’s latest flagship smartphone, the Mate 70, has sparked less consumer excitement in China compared to its predecessors, according to analysts. This cooling enthusiasm could impact Huawei’s shipment targets for…
India Competition Authority Opens Probe into Google’s Gaming Policies
India’s Competition Commission (CCI) has launched an investigation into Google’s policies surrounding real-money gaming apps, prompted by a complaint from gaming platform WinZO. The probe centers on allegations that Google’s…
European Commission Closes Amazon Tax Case Without Back Payment
Amazon will not be required to pay €250 million ($263 million) in back taxes after the European Commission announced the closure of a long-standing state aid investigation. This decision brings…
China Vows Action if US Expands Semiconductor Controls
China issued a stern warning on Thursday, pledging to take “necessary actions” to safeguard its firms if the U.S. proceeds with expanded semiconductor control measures. The statement followed reports that…
Canada Competition Bureau Files Lawsuit Against Google Over Ad Business
Canada’s Competition Bureau is taking legal action against Google, aiming to dismantle parts of the tech giant’s advertising business. The agency announced on Thursday that its investigation revealed Google allegedly…
Germany is Betting Big on Chips with a €2 Billion Subsidy Plan
Germany has announced plans to invest around €2 billion into its semiconductor industry. This funding aims to develop advanced chip production capabilities and strengthen the European semiconductor ecosystem, according to…
ByteDance Sues Former Intern for $1.1 Million Over AI Breach
ByteDance, the Chinese tech giant and parent company of TikTok, has filed a lawsuit against a former intern, seeking $1.1 million in damages over claims of deliberate sabotage to its…
OpenAI Moves to Protect IP for o1 Reasoning Model
OpenAI is making strides to secure the intellectual property of its innovative AI model, o1. The company recently filed a trademark application for “OpenAI o1” with the U.S. Patent and…
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…
Google Sues Former Engineer Over Leaked Pixel Chip Secrets
Google has filed a lawsuit against Harshit Roy, a former engineer, accusing him of leaking confidential details about its Pixel chip designs. The case, filed in the U.S. District Court…
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…
Kodak Pauses Film Production for Factory Upgrades in Rochester
Eastman Kodak has halted film production temporarily as part of a plan to modernize its Rochester, New York factory. Announced during the company’s Q3 2024 earnings call on November 13th,…
Fans Split Over Coca-Cola’s AI Holiday Commercial
Coca-Cola has released its annual holiday commercial, blending nostalgia with cutting-edge AI technology to recreate the charm of its iconic 1995 “Holidays Are Coming” ad. The campaign features three distinct…
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…
Australia Passes Law Banning Social Media for Kids Under 16
AAustralia has approved one of the world’s strictest social media laws, banning children under 16 from accessing platforms like Instagram, TikTok, and YouTube. The legislation, passed with a 34–19 vote…
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…
Foxconn Highlights Global Reach as Advantage Against Trump Tariffs
Foxconn, the world’s largest contract electronics manufacturer, stated on Wednesday that its expansive global footprint positions it to weather potential tariffs proposed by U.S. President-elect Donald Trump better than its…