

ASMPT to Shut Shenzhen Plant, Cut 950 Jobs Amid China Restructuring
Singapore-based semiconductor equipment maker ASMPT will close its Shenzhen factory and lay off 950 workers as part of a major restructuring of its operations in mainland China.
Aug 12, 20252 min read


Nvidia, AMD to Share 15% of China Chip Sales Revenue With US Government
Nvidia Corp. and Advanced Micro Devices Inc. (AMD) have agreed to pay 15% of their revenues from semiconductor sales in China to the United States government, according to a report by the Financial Times.
Aug 11, 20251 min read


Keppel Secures SGD 6.3 Billion for Education and Data Centre Investments
Singapore’s Keppel Ltd. has raised SGD 6.3 billion (USD 4.91 billion) in private funds this year to support its strategies in education and data centre assets, the company announced Thursday.
Aug 9, 20251 min read


Airbnb Shares Slide Over 7% as Slower Growth Outlook Raises Travel Demand Concerns
Airbnb shares dropped more than 7% on Thursday after the company projected slower growth for the second half of the year, sparking renewed concerns about a potential slowdown in travel demand.
Aug 9, 20251 min read


Shopify Shares Jump 20% on Strong Revenue Forecast and Steady Consumer Demand
Shopify Inc. shares surged 20% after the Canadian e-commerce company issued an upbeat revenue forecast, citing resilient consumer demand and strong performance from merchants on its platform.
Aug 7, 20251 min read


Tesla China Deliveries Fall as Local EV Makers Gain Ground
Tesla’s vehicle deliveries from its Shanghai Gigafactory fell in July, as Chinese consumers increasingly turned to more affordable...
Aug 6, 20252 min read


Shein, Temu Overtake Global Fashion Giants in South Africa's Online Market
Chinese e-commerce platforms Shein and Temu have surpassed international fashion retailers in South Africa, capturing a combined 3.6% share of the country's retail, clothing, textile, footwear and leather (CTFL) market in 2024.
Aug 6, 20251 min read


Shein Fined EUR 1 Million by Italian Regulator for Misleading Green Claims
Italy’s competition authority has fined fast fashion giant Shein EUR 1 million (USD 1.16 million) for deceptive environmental marketing practices.
Aug 5, 20252 min read


Figma Loses SGD 15 Billion in Market Value After IPO Surge
Figma shares plunged 23% on Monday, wiping out about SGD 15 billion (USD 11 billion) in market value just days after its highly anticipated initial public offering.
Aug 5, 20251 min read


Meta to Sell USD 2 Billion in Data Centre Assets to Offset AI Infrastructure Costs
Meta Platforms plans to sell USD 2 billion worth of data centre assets as it seeks external partners to help fund its growing artificial intelligence infrastructure.
Aug 4, 20252 min read


Microsoft, Meta Shares Soar After Strong Quarterly Results
Shares of Microsoft and Meta Platforms surged in European markets on Thursday following stronger-than-expected quarterly earnings released after markets closed on Wednesday.
Aug 1, 20251 min read


Apple Faces Earnings Pressure Amid Tariffs and Delayed AI Strategy
Apple is bracing for earnings pressure as it prepares to report quarterly results Thursday, with U.S. tariffs, rising competition in China, and a slow entry into artificial intelligence weighing on its outlook.
Jul 31, 20252 min read


Logitech Exceeds Quarterly Estimates as Business Demand Surges
Logitech International surpassed quarterly earnings expectations, driven by strong demand from businesses for its computer peripherals.
Jul 30, 20252 min read


EA Projects Lower Q2 Bookings Amid Cautious Gamer Spending
Electronic Arts forecast second-quarter net bookings below Wall Street expectations, citing cautious consumer spending and economic uncertainty.
Jul 30, 20252 min read


Tesla Signs USD 16.5 Billion Chip Deal With Samsung, Boosting Foundry Prospects
Tesla has signed a USD 16.5 billion chip supply deal with Samsung Electronics, a move that could revive the South Korean firm's struggling contract chipmaking business.
Jul 29, 20252 min read


Japan’s USD 550 Billion Trade Deal May Fund Taiwanese Chipmaker’s US Expansion
Japan’s USD 550 billion investment package, part of a recent trade agreement with the United States, could help finance a Taiwanese semiconductor company’s operations in the US, according to Japan’s top trade negotiator.
Jul 28, 20252 min read


Intel to Slash 15% of Workforce Amid Manufacturing Setbacks and Strategic Shift
Intel will cut 15% of its global workforce as part of a sweeping restructuring plan under new Chief Executive Officer Lip Bu Tan, the company announced Thursday.
Jul 25, 20252 min read


Neuralink Projects USD 1 Billion Annual Revenue by 2031 with Brain Implant Expansion
Neuralink, the brain implant company founded by Elon Musk, is targeting annual revenue of at least USD 1 billion by 2031, according to investor documents cited by Bloomberg News.
Jul 24, 20251 min read


Alphabet Surprises with USD 85 Billion Capital Spending Boost After Strong Earnings
Alphabet Inc. announced a sharp increase in capital spending to about USD 85 billion for 2025, citing surging demand for its cloud computing services.
Jul 24, 20252 min read


BYD Overtakes Tesla in Hong Kong EV Market Amid Right-Hand Drive Push
BYD surpassed Tesla in new electric vehicle registrations in Hong Kong during the first half of 2025, marking a significant milestone for Chinese carmakers targeting right-hand drive markets.
Jul 23, 20252 min read


Figma Targets USD 16.4 Billion Valuation in NYSE Debut Amid Tech IPO Revival
Figma is aiming for a fully diluted valuation of up to USD 16.4 billion in its initial public offering, as the cloud-based design...
Jul 22, 20252 min read


Chinese Tech Giants Expand Footprint in Dubai’s Growing Digital Economy
Chinese technology companies including ByteDance, Huawei Technologies and Alibaba Group Holding are deepening their presence in Dubai, as the emirate positions itself as a global tech hub.
Jul 21, 20252 min read


TSMC Reports Record Profit on AI Boom, Warns of Tariff Risks
Taiwan Semiconductor Manufacturing Co posted a record quarterly profit driven by surging demand for artificial intelligence chips, but cautioned that U.S. tariffs could impact earnings later in the year.
Jul 18, 20252 min read


TSMC Set to Report Record Profit Despite Tariff and Currency Concerns
Taiwan Semiconductor Manufacturing Co is expected to post a record second-quarter profit on Thursday, driven by strong demand for advanced AI chips, though concerns over U.S. tariffs and currency fluctuations may cloud its outlook.
Jul 17, 20252 min read

