News 3/21

Oct 292 min read

Microsoft's AI Growth Faces Scrutiny Amid Investor Expectations

Microsoft set to reveal slowest quarterly revenue growth in a year. Concerns arise over AI demand and returns on hefty technology investment

Oct 282 min read

TSMC Halts Shipments to China Firm After Chip Found on Huawei Processor

TSMC suspends shipments to Sophgo after chip found on Huawei processor. Sophgo denies business ties with Huawei, provides investigation

Oct 252 min read

Tesla's Ambitious Plan for Paid Robotaxis Faces Regulatory and Technical Challenges

Tesla plans to launch driverless ride-hailing services in California and Texas next year. Regulatory hurdles in California pose challenges

Oct 242 min read

Tesla and HSBC Among First Foreign Firms in China to Apply for Telecoms Service Trials

China opens doors to foreign firms for telecoms service trials. Tesla and HSBC among the first applicants for the pilot program. Ministry

Oct 231 min read

TSMC Raises Concerns to US Over Potential Violation of China AI Chip Restrictions

TSMC has alerted the U.S. about Huawei's potential attempt to circumvent export controls on AI chips. The U.S. government restricted the

Oct 221 min read

EU Collaborates with Venture Capital Firms to Boost Tech Sector

The European Union collaborates with venture capital firms to boost tech innovation in Europe.

Oct 182 min read

Wise Makes History as First Foreign Firm to Access Japan's Payment Clearing Network

Wise secures direct access to Japan's bank payment clearing network, a first for a foreign firm. Japan's high average fee for cross-border p

Oct 172 min read

Chinese Cyber Association Urges Security Review of Intel Products in China

Chinese Cyber Association calls for security review of Intel products in China. Intel faces allegations of product quality and security

Oct 162 min read

Chinese Brands and Apple Propel Global Smartphone Shipment Growth for Fifth Consecutive Quarter

Chinese Android brands and Apple drive global smartphone shipment growth in Q3. Xiaomi, Oppo, and Vivo show significant shipment increases,

Oct 152 min read

China's GAC Invests $27 Million in Self-Driving Startup Pony.ai

China's GAC Group invests $27 million in Pony.ai for autonomous driving development. Pony.ai collaborates with GAC and Toyota in a joint ven

Oct 142 min read

Renault's Low-Cost Hybrid Technology Boosts Market Standing Amid EV Transition Challenges

Renault's sales of hybrid models have surged by 55% in the first eight months of the year. The innovative E-Tech transmission system has bee

Oct 142 min read

TSMC Anticipates 40% Surge in Third-Quarter Profit Driven by Strong AI Chip Demand

TSMC anticipates a 40% increase in third-quarter profit driven by strong demand for AI chips. Analysts project a net profit of T$298.2

Oct 112 min read

MediaTek and NVIDIA Join Forces to Develop 3nm AI PC Chip Set for Tape-Out This Month

MediaTek and NVIDIA are collaborating on a 3nm AI PC chip set to begin tape-out this month. The chip will integrate an NVIDIA GPU and is

Oct 102 min read

Nvidia CEO Predicts Future of AI Hinging on Affordable Computing

Nvidia CEO Jensen Huang foresees the future of AI relying on affordable computing for advanced reasoning capabilities. The company plans to

Oct 92 min read

Samsung Electronics Faces Profit Woes Amid AI Chip Struggles

Samsung Electronics issues rare apology for disappointing profit forecast Challenges in AI chip supply to Nvidia contribute to semiconductor

Oct 82 min read

Nikon's Shares Soar Following EssilorLuxottica's 5% Stake

Nikon's shares surged by as much as 10.2% after EssilorLuxottica's 5.1% stake acquisition. EssilorLuxottica's strategic partnerships with

Oct 72 min read

Japan Plans Wind Farm off Hokkaido to Boost Tech Industry

Japan to develop a 300MW wind farm off Hokkaido for tech industry. Ministry of Economy, Trade and Industry to launch bidding for offshore

Oct 42 min read

OpenAI Secures US$4 Billion Credit Line Following Major Funding Round

OpenAI secures a US$4 billion credit line post $6.6 billion funding round. The credit facility enhances liquidity to $10 billion for the

Oct 31 min read

Philippine Outsourcing Industry Defies AI Threat, Predicts 7% Growth in 2024

Philippine IT-BPM industry to grow by 7% in 2024. Jobs set to increase to 1.82 million with revenue reaching US$38 billion. Industry urged

Oct 22 min read

Sonos CEO Vows Reforms Following App Release 'Failure'; Leaders to Forgo Bonuses

Sonos CEO Patrick Spence and other leaders to forgo bonuses following app release issues. Sonos addressing app problems with regular updates