News 8/21

Jul 192 min read

Meta in Talks to Acquire 5% Stake in Ray-Ban Maker EssilorLuxottica

Meta Platforms is in talks to acquire a 5% stake in EssilorLuxottica, the maker of Ray-Ban sunglasses.

Jul 192 min read

Tesla's California Car Registrations Decline for Third Consecutive Quarter

Tesla's California car registrations fell by 24% in the second quarter, marking the third consecutive quarter of decline.

Jul 182 min read

Google and Microsoft Extend Nvidia Chip Access to Chinese Companies

Google and Microsoft are offering Chinese companies access to Nvidia's AI chips through data center services outside of China.

Jul 181 min read

US Considers Tougher Trade Rules in China Chip Crackdown

The US is considering tougher trade restrictions on China's access to advanced semiconductor technology. Companies like Tokyo Electron and

Jul 172 min read

Fujitsu Invests in Cohere, a Rival to OpenAI, to Develop Japanese Language Model

Fujitsu invests in Cohere, a rival to OpenAI, to develop a Japanese language model called Takane. Takane will have a parameter count of 50

Jul 171 min read

Apple Secures First Batch of TSMC's 2nm Chips for iPhone 17 Series

Apple secures first batch of TSMC's 2nm chips for iPhone 17 series. TSMC's 2nm process technology expected to offer a 10-15% performance

Jul 172 min read

Digital platform Qifa Expands to Facilitate Russia-China Trade and Payments

Qifa expands into facilitating two-way trade between Russia and China to address payment challenges. Strong demand for industrial goods from

Jul 161 min read

Apple's India Sales Surge by 33% to Nearly US$8 Billion Last Year

Apple's sales in India surged by 33% to nearly US$8 billion in the fiscal year ending in March. iPhones accounted for more than half of the

Jul 161 min read

Global Smartphone Market Grows 6.5% in Q2, Led by Samsung and Apple

Global smartphone shipments grew by 6.5% in Q2, driven by Samsung and Apple. Smartphone makers are focusing on AI to attract consumers and

Jul 163 min read

Trump's VP Pick Backs Big Tech Antitrust Crackdown

J.D. Vance, Trump's VP pick, supports FTC Chair Lina Khan's approach to antitrust enforcement. Vance is part of a group of Republican

Jul 152 min read

VinFast Delays US Electric Car Plant as Global EV Market Slows

VinFast delays the opening of its US$4 billion factory in North Carolina to 2028 due to uncertainties in the global EV market.

Jul 132 min read

Intel on Track for £1 Billion in Cumulative Software Sales by End of 2027

Intel expects to achieve £1 billion in cumulative software sales by the end of 2027.

Jul 121 min read

China Pioneers World's First 6G Field Test Network

China establishes world's first field test network for 6G communication. Tenfold improvement in key communication metrics achieved

Jul 122 min read

Global PC Shipments Rise in Q2, Apple Leads the Way with Impressive Growth

Global PC shipments increased by 3% in the second quarter, driven by the demand for AI-capable devices. Apple experienced the largest growth

Jul 112 min read

TSMC's Q2 Revenue Surges on AI Boost, Exceeds Market Expectations

TSMC's Q2 revenue of T$673.51 billion (US$20.67 billion) exceeded market expectations. The company's growth is attributed to the booming

Jul 112 min read

AMD to Acquire Finnish Startup Silo AI for US$665 Million to Step Up in AI Race

AMD to acquire Finnish startup Silo AI for US$665 million in cash. The acquisition aims to enhance AMD's AI chip capabilities and compete

Jul 112 min read

Germany to Reduce Huawei's Role in 5G Wireless Network

Germany and mobile carriers have agreed to reduce Huawei's role in the 5G network over the next five years. The initial phase will involve

Jul 102 min read

China's Electric Vehicle Giant BYD Signs $1 Billion Deal for Turkey Plant

BYD, China's leading electric car manufacturer, has signed a US$1 billion deal to establish a manufacturing plant in Turkey.

Jul 101 min read

Sri Lanka Opens Doors for Starlink, Allowing Elon Musk's Satellite Unit to Enter Telecoms Market

Sri Lanka's parliament approves amendments to allow Starlink's entry into telecoms market. Three new types of licenses introduced

Jul 93 min read

Qualcomm and Microsoft Harness AI Hype to Drive PC Market Revival

Tech giants Qualcomm and Microsoft are promoting AI PCs with built-in artificial intelligence capabilities. Only 3% of PCs shipped this year