

Grab Eyes GoTo Acquisition in Q2 Amid Regulatory Hurdles
Grab Holdings Ltd. is aiming to acquire Indonesian tech firm GoTo Group in the second quarter of 2024, according to two sources familiar with the matter.
May 8, 20252 min read


DoorDash to Acquire Deliveroo in USD 3.85 Billion Deal to Expand European Reach
DoorDash will acquire British food delivery company Deliveroo in a deal valued at approximately USD 3.85 billion, the companies announced Tuesday.
May 7, 20252 min read


Foxconn Reports 25.54% Revenue Surge in April, Expects Q2 Growth
Foxconn, the world’s largest contract electronics manufacturer and Apple’s primary iPhone assembler, reported a 25.54% year-on-year increase in revenue for April.
May 6, 20251 min read


Apple Cuts Buyback by USD 10 Billion as Trade War Costs Mount
Apple has reduced its stock buyback programme by USD 10 billion as it braces for nearly USD 900 million in added costs this quarter due to ongoing trade tensions.
May 2, 20252 min read


Logitech Misses Quarterly Profit Estimates, Reveals Strategy to Offset US Tariffs
Logitech International reported weaker-than-expected fourth-quarter earnings on Tuesday and unveiled a plan to reduce its exposure to US tariffs under President Donald Trump's trade policy.
Apr 30, 20252 min read


Tencent, Alibaba Acquire Nvidia Chips from ByteDance Amid Export Curbs
Tencent Holdings and Alibaba Group Holding have purchased Nvidia graphics processing units (GPUs) from ByteDance’s stockpile, as Chinese firms race to secure AI hardware amid tightening US export restrictions.
Apr 29, 20252 min read


TikTok to Launch E-Commerce Platform in Japan Amid Global Expansion
TikTok is preparing to enter Japan’s online shopping market within the next few months, according to a report by the Nikkei newspaper.
Apr 28, 20251 min read


Meta Cuts Jobs at Reality Labs as Part of Restructuring
Meta Platforms is laying off employees from its Reality Labs division, affecting teams within Oculus Studios, the company confirmed Thursday.
Apr 25, 20251 min read


Shanghai Chip Maker Montage Technology Doubles Profit Amid AI Demand Surge
Shanghai-based semiconductor firm Montage Technology reported a 135.14% increase in net profit for the first quarter of 2024, driven by rising global demand for AI-related memory chips.
Apr 24, 20252 min read


Intel Taps TSMC for 2nm Chip Production Ahead of 2026 Launch
Intel has reportedly placed orders with Taiwan Semiconductor Manufacturing Co. for its advanced 2-nanometre process, marking a significant step in its next-generation processor development.
Apr 23, 20251 min read


Huawei to Begin Mass Shipments of New AI Chip as China Seeks Nvidia Alternatives
Huawei Technologies is preparing to begin mass shipments of its advanced 910C artificial intelligence chip to Chinese customers as early as next month, according to two people familiar with the matter.
Apr 22, 20252 min read


Apple's China Smartphone Shipments Drop 9% in First Quarter
Apple's smartphone shipments in China fell 9% year-on-year in the first quarter, making it the only major manufacturer to report a decline, according to research firm IDC
Apr 21, 20251 min read


Nvidia CEO Highlights China’s Strategic Role Amid AI Chip Restrictions
Nvidia Chief Executive Officer Jensen Huang reaffirmed the importance of the Chinese market during a visit to Beijing on Thursday, amid tightened U.S. export restrictions on artificial intelligence chips.
Apr 21, 20251 min read


AMD Warns US Export Rules on China Could Cost Up to USD 800 Million
Advanced Micro Devices Inc. (AMD) said new US export restrictions on semiconductors to China could cost the company as much as USD 800 million.
Apr 18, 20252 min read


Nvidia Hit With USD 5.5 Billion Charge as US Blocks AI Chip Sales to China
Nvidia will take a charge of USD 5.5 billion after the United States government restricted exports of its H20 artificial intelligence chip to China, a major market for the company.
Apr 17, 20252 min read


Figma Files Confidentially for US IPO After Adobe Deal Collapse
Figma has confidentially filed for an initial public offering in the United States, marking a significant step forward after its USD 20 billion acquisition deal with Adobe was blocked by regulators.
Apr 16, 20251 min read


Apple Leads Global Smartphone Sales in First Quarter Amid Strong Demand in India, Japan
Apple secured the top position in global smartphone sales for the first quarter, driven by the launch of the iPhone 16e and robust demand in markets such as Japan and India, according to data released Monday by Counterpoint Research.
Apr 15, 20252 min read


Trump Exempts Smartphones, Laptops From China Tariffs Amid Tech Industry Pressure
U.S. President Donald Trump’s administration has excluded smartphones, computers and other electronics from steep tariffs on Chinese imports, offering relief to major tech firms such as Apple and Dell Technologies.
Apr 14, 20252 min read


Intel CEO’s China Investments Raise Concerns Over Military Ties
Intel CEO Lip-Bu Tan has invested in hundreds of Chinese tech companies, including at least eight with links to the People’s Liberation Army, according to a review of Chinese and U.S. corporate filings.
Apr 11, 20252 min read


Foxconn Targets Japan for Electric Vehicle Expansion, Eyes Partnerships with Automakers
Foxconn is looking to Japan as a key market for expanding its electric vehicle (EV) business and is seeking partnerships with Japanese
Apr 10, 20252 min read


Microsoft Slows AI Data Centre Expansion, Pauses USD 1 Billion Ohio Project
Microsoft is slowing or pausing several artificial intelligence data centre projects, including a USD 1 billion development in Ohio,
Apr 10, 20252 min read


Broadcom Unveils USD 10 Billion Share Buyback Plan Amid AI Growth Confidence
Broadcom announced a new share buyback programme worth up to USD 10 billion, set to run through the end of 2024, boosting its shares nearly
Apr 10, 20251 min read


Tariff Fears Slam Tech Giants as Apple Nears One-Year Low
The "Magnificent Seven" tech stocks plunged on Monday, erasing about USD 2 trillion in combined market value amid escalating concerns over
Apr 8, 20252 min read


Samsung Forecasts 21% Drop in Q1 Profit Amid Weak AI Chip Sales and Foundry Losses
Samsung Electronics is expected to report a 21% decline in first-quarter operating profit, impacted by sluggish artificial intelligence chip
Apr 7, 20252 min read

