Microsoft is preparing to cut thousands of jobs, with many expected in its sales division, as it continues to invest heavily in artificial intelligence, according to a Bloomberg News report.

U.S. President Donald Trump will extend the deadline for China-based ByteDance to divest TikTok’s U.S. assets by 90 days, pushing the new cutoff to mid-September, the White House said Tuesday.

OpenAI has been awarded a USD 200 million contract by the U.S. Department of Defense to develop artificial intelligence tools for national security applications.

Taiwan has added Chinese tech giants Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC) to its export control list, tightening restrictions on high-tech trade with mainland China.

China’s Huawei Technologies is expected to produce no more than 200,000 advanced artificial intelligence chips in 2025, according to a top U.S. export controls official.

U.S. chipmaker Qualcomm has launched an artificial intelligence research and development centre in Vietnam, aiming to advance generative and agentic AI technologies across multiple sectors.

Tencent Music Entertainment Group will acquire audio platform Ximalaya in a deal valued at approximately USD 2.4 billion, the company announced Tuesday.

OpenAI’s annualised revenue run rate has reached USD 10 billion as of June, nearly doubling from USD 5.5 billion in December 2024, the company announced Monday.

Tesla shares rose nearly 4% on Friday, recovering some ground after a USD 152 billion selloff triggered by a public feud between CEO Elon...

Chinese electric vehicle manufacturer BYD plans to nearly triple its dealership network in South Africa by 2026, aiming to strengthen its presence in Africa’s largest automotive market.

China’s leading electronic design automation (EDA) firms—Empyrean Technology, Primarius Technologies and Semitronix—are drawing increased attention following new US export restrictions on chip design tools.

Xiaomi founder and CEO Lei Jun said the company expects its electric vehicle business to become profitable in the second half of 2025, according to a company spokesperson.

Google will spend USD 500 million over the next decade to revamp its compliance structure as part of a settlement in a shareholder lawsuit accusing the company of antitrust violations.

Apple is expected to face another year of declining iPhone shipments in China, as competition from domestic brands intensifies and economic challenges persist, according to market research firm IDC.

Shanghai is accelerating its support for humanoid robotics, hosting a major industry conference and skills competition as part of its broader push into embodied intelligence.

Shares of Chinese tech giant Xiaomi were poised to rise 2.3% on Wednesday following the company’s announcement of record first-quarter revenue and profit.

HP Inc has cut its annual profit forecast for fiscal 2025, citing the impact of U.S. tariffs and a slowdown in the personal computer market, sending its shares down 14% in extended trading.

Nvidia is expected to reveal the financial toll of US export restrictions on its China business when it reports earnings on Wednesday, with investors closely watching for clarity on the impact.

Russian President Vladimir Putin said on Monday that foreign technology services such as Microsoft and Zoom should be "throttled" if they act against Russian interests.

Xpeng Motors plans to double its vehicle sales to 380,000 units in 2025 and achieve break-even in the final quarter, Chief Executive He Xiaopeng said on May 21.

Malaysia will introduce new incentives for its domestic semiconductor industry in July, according to Trade Minister Tengku Zafrul Aziz.

SpaceX’s satellite internet service Starlink launched in Bangladesh on Tuesday, offering high-speed, low-latency internet across the country.

Contemporary Amperex Technology Company (CATL), the world’s largest electric vehicle (EV) battery maker, is expanding into clean technology as it prepares for Hong Kong’s biggest stock offering since January 2021.

The United Arab Emirates will construct the largest artificial intelligence campus outside the United States under a new agreement with the Trump administration, bypassing previous restrictions tied to concerns over Chinese access to advanced technology.