News 5/21

Sep 62 min read

China Leads Global Chip-making Equipment Market with US$12 Billion in Q2

China leads global chip-making equipment market with over US$12 billion in sales in Q2. Global semiconductor equipment revenue rises by 4%

Sep 52 min read

Stocks Dip as TSMC and Samsung Embrace AI at Key Trade Show

TSMC and Samsung executives remain optimistic about AI's growth potential. Market turbulence impacts TSMC and Samsung stock prices despite

Sep 31 min read

ByteDance Seeks US$9.5 Billion Corporate Loan in Asia

ByteDance is in discussions with banks for a US$9.5 billion loan in Asia. Citigroup, Goldman Sachs, and JPMorgan are leading the financing.

Sep 22 min read

PC Partner Group Plans Strategic Move to Singapore

PC Partner Group plans to relocate its headquarters to Singapore and pursue a secondary listing on the Singapore Exchange. The company aims

Sep 21 min read

China's Self-Driving Cars Take Aim at Tesla, Following the EV Trend

Baidu leads with 400 driverless taxis in Wuhan. Chinese government supports innovation in auto industry

Aug 304 min read

Dell Boosts Projections Amid Rising Demand for Nvidia-Powered AI Servers

Dell raises annual revenue and profit forecasts due to surging demand for Nvidia-powered AI servers. Nvidia's partnership with Dell contribu

Aug 293 min read

Xpeng's MONA M03 EV Receives 10,000 Pre-Orders in Just One Hour

Xpeng's MONA M03 EV secures over 10,000 pre-orders within the first hour of unveiling. The budget-friendly model features advanced driver as

Aug 282 min read

Malaysia's Social Media Licensing Plan Faces Backlash from Tech Giants

Malaysia's proposed social media licensing regime faces criticism from tech giants. Asia Internet Coalition expresses concerns over lack of

Aug 272 min read

Canada to Impose 100% Tariff on Chinese Electric Vehicles, Including Teslas

Canada to impose 100% tariff on Chinese electric vehicles, including Teslas. Tariffs to be effective from October 1, aligning with global ec

Aug 262 min read

Baidu Blocks Google and Bing from Scraping Content Amid Demand for Data Used on AI Projects

Baidu blocks Google and Bing from scraping its content for AI projects. The update to Baidu Baike's robots.txt file restricts Googlebot and

Aug 232 min read

Disney-Reliance Merger in India Faces Hurdles Over Cricket Dominance

Indian antitrust body raises concerns over Disney-Reliance merger. Companies may need to sell cricket broadcast rights or impose advertising

Aug 222 min read

Microsoft Revamps Reporting Structure to Provide Clarity on AI Impact

Microsoft has revamped its financial reporting structure to offer clearer insights into the impact of AI on its business.

Aug 212 min read

Chinese EV Manufacturer Xpeng Anticipates a Minimum 35% Surge in Sales, Citing Technological Investments

Xpeng anticipates a 35% to 49% increase in sales for the third quarter. The company reported a 6.6% reduction in net loss compared

Aug 202 min read

Shanghai Boosts Chip Fund with US$1 Billion Amid Tech War

Shanghai Semiconductor Industry Investment Fund (SSIIF) doubles in size to US$2 billion. Capital boost aims to enhance China's semiconductor

Aug 194 min read

Green Energy Collaboration Flourishes: China and Vietnam Foster New Energy Partnership

China and Vietnam collaborate on wind power, solar energy, and EVs. Chinese companies invest in Vietnam's wind power sector.

Aug 182 min read

Lenovo's Profits Surge by 65% in June Quarter Amid Strong Growth in 'Intelligent Devices

Lenovo reports a 65% increase in net income for the June quarter. The Intelligent Devices Group sees an 11% revenue growth, with PCs maintai

Aug 172 min read

Pakistan's Internet Firewall Threatens Economy with Potential US$300 Million Loss, Warns Association

Pakistan's economy at risk of losing US$300 million due to internet disruptions caused by a national firewall. Concerns raised by P@SHA over

Aug 162 min read

Grab Falls Short of Quarterly Revenue Expectations, Witnessing a Drop in Shares

Grab's second-quarter revenue misses estimates due to slower food-delivery growth and currency challenges

Aug 152 min read

Chinese Tech Giants Poised for Significant AI Advancements in Social, Educational, and Office Sectors

Chinese tech giants are leveraging AI in social, educational, and office domains to enhance user experiences.

Aug 152 min read

Cisco Anticipates Surge in Equipment Demand, Implements 7% Global Workforce Reduction

Cisco experiences a rebound in equipment demand and initiates a 7% global workforce reduction. The company aims to focus on growth areas lik