Tesla achieved record third-quarter revenue, surpassing Wall Street estimates, driven by its highest quarterly electric vehicle sales. This was partly due to U.S. buyers securing a key tax credit before its expiry. However, the company's profit fell short of analysts' expectations. Credit: TESLA Profit was impacted by tariff and research costs, alongside a decrease in income from regulatory credits. These credits are projected to diminish further due to recent legislation und

The iPhone 17 series outperformed its predecessor in early sales across China and the United States, research firm Counterpoint announced on Monday. The newer models outsold the iPhone 16 series by 14% during their initial 10 days of availability in these two countries, according to a Counterpoint report. Credit: APPLE Sales of the base model iPhone 17 nearly doubled in China compared to the iPhone 16 during the same timeframe. Across both markets, sales for this model increa

Taiwan Semiconductor Manufacturing Co., the world's largest producer of advanced chips, increased its full-year revenue forecast on Thursday, driven by a robust outlook for artificial intelligence spending. This announcement followed the company's report of record profits, which exceeded market expectations.

Apple CEO Tim Cook pledged to boost the technology giant's investment in China during a meeting with China's industry minister Li Lecheng on Wednesday. The commitment comes as Apple navigates trade tensions between Beijing and Washington.

TSMC, the world's largest manufacturer of advanced artificial intelligence chips, is set to post a 28% jump in third-quarter profit, reaching a record high. This surge is primarily due to increasing demand for AI infrastructure, despite potential complications from US tariffs. Credit: TSMC Taiwan Semiconductor Manufacturing Co. (TSMC), a key supplier to Nvidia and Apple, is forecast to post a net profit of USD 13.65 billion for the three months through Sept. 30. This figure c

China has declared its support for local electronics parts supplier Wingtech in its dispute with Dutch authorities over control of its European semiconductor unit, Nexperia. This comes after the Dutch Ministry of Economic Affairs issued an order placing Nexperia under temporary external management, citing national security grounds. Credit: WINGTECH The state-backed China Semiconductor Industry Association (CSIA) stated on Tuesday that it "firmly supports" Wingtech, a CSIA mem

Samsung Electronics on Tuesday projected a 32% rise in its third-quarter operating profit compared to a year earlier. This forecast surpassed analysts' estimates, driven by strong demand for conventional memory chips, which mitigated weaker high bandwidth memory chip sales. Credit: Samsung The world's largest memory chipmaker estimated an operating profit of 12.1 trillion won (USD 8.5 billion) for the July-Sept. period. This figure would mark Samsung's highest quarterly profi

Federal Communications Commission Chair Brendan Carr announced Friday that major US online retail websites have removed several million...

Alphabet’s Google is set to launch a new artificial intelligence platform, Gemini Enterprise, on Thursday, October 9, 2025. The platform targets business customers to expand Google’s corporate client base for its AI tools.

Focused ultrasound (FUS) therapy, backed by Hong Kong tycoon Li Ka-shing, has reached an "inflection point" with 1 million patients...

AMD will supply artificial intelligence chips to OpenAI in a multi-year deal, projected to generate tens of billions of US dollars in annual revenue. The agreement also gives OpenAI, creator of ChatGPT, the option to acquire up to approximately 10% of the chipmaker.

Taiwan's Foxconn, the world's largest contract electronics maker, reported record third-quarter revenue, driven by robust demand for...

Electronic Arts’ record USD 55 billion leveraged buyout by Saudi Arabia’s sovereign wealth fund and two other firms marks a turning point for the video game industry. Companies are now looking to capitalise on intellectual property through media crossovers.

OpenAI, the company behind ChatGPT, has achieved a USD 500 billion valuation following a share sale to a consortium of investors. Current and former employees sold approximately USD 6.6 billion worth of shares as part of this transaction.

Temus is helping Singapore gear up for its AI era.

Samsung Electronics and SK Hynix have signed letters of intent to supply memory chips for OpenAI's data centres, joining the ChatGPT maker's Stargate project to meet rising demand.

Malaysia Aviation Group, which operates national carrier Malaysia Airlines, announced a collaboration with four technology and travel...

President Donald Trump signed an executive order Thursday, initiating a plan to sell TikTok's U.S. operations to American and global investors. The order addresses national security requirements outlined in a 2024 law, setting the stage for a new U.S. company.

Three in five multinational companies anticipate rising costs due to ongoing geopolitical uncertainties, prompting their accelerated...

Nvidia will invest up to USD 100 billion in OpenAI and supply the organisation with data centre chips, marking a significant tie-up between two leading players in the global artificial intelligence race. This move, announced Monday, highlights the increasingly overlapping interests of tech giants developing advanced AI systems.

Apple has secured over half of TSMC’s 2nm production capacity for 2026, earmarking it for future iPhone, MacBook Pro, and Vision Pro...

Nvidia announced on Thursday a USD 5 billion investment in Intel, alongside a strategic partnership to jointly develop PC and data centre chips. This move offers a critical lifeline to the struggling chipmaker, sending its shares soaring by 23%.

Artificial intelligence could increase the value of global trade in goods and services by nearly 40% by 2040, a new World Trade Organization report stated on Wednesday. However, without adequate policies, AI could also worsen existing economic divides.

Xpeng, part-owned by Volkswagen Group, has begun electric vehicle (EV) production in Europe, partnering with contract manufacturer Magna Steyr in Austria. The move marks a significant milestone in the Guangzhou-based carmaker’s globalisation strategy, aiming to circumvent punitive tariffs.