News

23 hours ago
2 min

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

2 days ago
1 min

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

3 days ago
2 min

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

4 days ago
2 min

Google Announces US$1 Billion Investment in Thailand to Boost AI Expansion

Google plans to invest $1 billion in building data centres in Thailand. The investment could potentially add $4 billion

5 days ago
1 min

EU Set to Vote on October 4 to Finalise Tariffs for China-Made Electric Vehicles

The EU is considering imposing tariffs of up to 45% on China-made electric vehicles. Last-minute negotiations with Beijing have caused

Sep 27
2 min

LG Display to Sell Chinese LCD Plant to TCL's CSOT for US$1.5 Billion

LG Display agrees to sell its stake in a Chinese LCD plant to TCL's CSOT for $1.54 billion. The sale includes LG Display's 80% stake

Sep 27
1 min

Geely, Parent Company of Volvo, to Construct $170 Million Joint Factory in Vietnam

Geely, Volvo's parent company, to invest US$168 million in joint factory with Tasco Joint Stock Company in Vietnam.

Sep 26
2 min

Micron Technology Forecasts Strong First-Quarter Results Amid AI Demand Surge

Micron Technology projects upbeat first-quarter results driven by AI demand surge. Company's shares rise by nearly 14% following the revenue

Sep 25
1 min

Microsoft Announces US$1.3 Billion Investment in Mexico for Cloud and AI Technology

Microsoft to invest US$1.3 billion in Mexico for cloud computing and AI technology. Focus on improving connectivity and promoting AI

Sep 24
2 min

Samsung to Invest US$1.8 Billion in Vietnam for OLED Manufacturing Expansion

Samsung Display Co to invest US$1.8 billion in new OLED manufacturing facility in Vietnam. Investment to focus on producing OLED displays

Sep 23
2 min

TSMC and Samsung Explore Building Chip Factories in UAE, Wall Street Journal Reports

TSMC and Samsung Electronics are considering establishing chip factories in the UAE, with a combined value exceeding US$100 billion.

Sep 20
2 min

Russian Retailers Unveil Latest iPhone Model, Bypassing Apple's Export Restrictions

Russian retailers M.Video-Eldorado and MTS have launched pre-sales of the iPhone 16, bypassing Apple's export ban.

Sep 19
2 min

AI-Powered Startup Mercor Revolutionises Job Market

Mercor, founded by three 21-year-old entrepreneurs, has raised $32 million in a Series A funding round. The startup's AI-powered platform ha

Sep 18
2 min

Lenovo Expands AI Manufacturing and R&D in India

Lenovo plans to manufacture AI servers in Puducherry, India, with an annual production capacity of 50,000 AI rack AI rack servers and 2,400

Sep 18
2 min

Tech Giants Join Forces: Microsoft and BlackRock Unveil Massive AI Infrastructure Fund

Microsoft and BlackRock are launching a $30 billion fund for AI infrastructure development. The fund aims to build data centres and energy p

Sep 17
2 min

Hong Kong Data Centre Embraces Liquid Cooling to Meet Surging Chinese AI Demand

Global Switch introduces liquid cooling solutions in Hong Kong to meet rising AI power demands. Mainland Chinese customers driving new deman

Sep 16
2 min

Samsung India Strike Shines Light on Influential Labour Group

A labour strike at a Samsung plant in India has disrupted production and highlighted worker concerns. The Centre of Indian Trade Unions

Sep 13
2 min

Tech Giant Adobe Faces Headwinds as Q4 Forecast Falls Short

Adobe's Q4 forecast falls below analyst expectations, causing a 9.2% drop in after-hours trading.

Sep 12
3 min

Samsung Electronics Plans Global Job Cuts of Up to 30% in Some Divisions

Samsung Electronics plans to reduce its overseas workforce by up to 30% in certain divisions. The restructuring initiative aims to enhance

Sep 11
2 min

Alibaba Founder Jack Ma Encourages Business Empire to Stay Resolute and 'Have Faith in the Future'

Jack Ma emphasises the importance of believing in the future and the market to navigate through fierce competition. Alibaba's Hong Kong-list