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Hyundai launches $18,000 EV in Japan to penetrate EV-wary market
10 Jan 2025

Hyundai launches $18,000 EV in Japan to penetrate EV-wary market

South Korea’s Hyundai Motor said on Friday it would introduce the cheapest compact electric car in Japan, to penetrate a market dominated by local giants with established petrol and hybrid vehicle technologies.
Dubai developer DAMAC signs $1 billion deal with blockchain platform MANTRA

Dubai developer DAMAC signs $1 billion deal with blockchain platform MANTRA

10 Jan 2025
MANTRA, a blockchain platform focused on real-world assets (RWAs), has signed a deal with Dubai developer DAMAC Group to tokenise assets in the Middle East worth at least $1 billion, the two firms said on Thursday.
Honeywell, NXP Semiconductors expand partnership to develop aviation technology

Honeywell, NXP Semiconductors expand partnership to develop aviation technology

09 Jan 2025
Honeywell and NXP Semiconductors will expand their partnership to develop AI-driven technology for aviation and autonomous flying, the companies said on Wednesday.
Aurora shares jump after deal with Nvidia, Continental to deploy self-driving trucks

Aurora shares jump after deal with Nvidia, Continental to deploy self-driving trucks

08 Jan 2025
Aurora Innovation’s shares rose 35% on Tuesday after the self-driving technology developer announced a long-term deal with Nvidia and Germany’s Continental to deploy driverless trucks.
Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

Amazon's AWS to invest $11 billion in Georgia to boost AI infrastructure development

08 Jan 2025
Amazon.com said on Tuesday that its cloud computing division, Amazon Web Services (AWS), plans to invest about $11 billion to expand its infrastructure in Georgia to support cloud computing and AI technologies.
Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
07 Jan 2025

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Samsung Electronics, the world’s top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia’s strong demand for AI chips.
China's Xpeng plans to hire more than 6,000 workers in 2025

China's Xpeng plans to hire more than 6,000 workers in 2025

03 Jan 2025
Chinese electric vehicle maker Xpeng will hire more than 6,000 workers in 2025, founder and CEO He Xiaopeng said on Tuesday.
Bain and KKR battle for Fuji Soft heats up as Bain goes hostile

Bain and KKR battle for Fuji Soft heats up as Bain goes hostile

18 Dec 2024
Bain Capital said on Wednesday it plans to launch a tender offer for Fuji Soft shares even without the backing of the Japanese firm’s board should a second-round bid from rival suitor KKR fail.
Liquid AI closes $250 million early-stage funding round led by AMD

Liquid AI closes $250 million early-stage funding round led by AMD

16 Dec 2024
Generative artificial intelligence startup Liquid AI said on Friday that it had closed a $250 million early-stage funding round led by chipmaker Advanced Micro Devices, which is also its strategic partner.
Broadcom forecasts Q1 revenue above estimates on strong AI chip demand

Broadcom forecasts Q1 revenue above estimates on strong AI chip demand

13 Dec 2024
Broadcom forecast quarterly revenue above Wall Street estimates on Thursday and predicted booming demand for its custom artificial intelligence chips in the next few years.
Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say
13 Dec 2024

Exclusive-Singapore, Vietnam firms in talks for new undersea cables, sources say

Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fiber-optic cables that would boost the region’s data centre industry, people familiar with the discussions said.
Google parent Alphabet jumps on quantum chip breakthrough

Google parent Alphabet jumps on quantum chip breakthrough

11 Dec 2024
Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing.
Hewlett Packard Enterprise beats quarterly results estimates on strong AI server demand

Hewlett Packard Enterprise beats quarterly results estimates on strong AI server demand

06 Dec 2024
Hewlett Packard Enterprise beat Wall Street expectations for fourth-quarter revenue and profit on Thursday, as it benefits from strong demand for its servers used to power artificial intelligence applications.
Amazon successfully tests using delivery drones in Italy

Amazon successfully tests using delivery drones in Italy

06 Dec 2024
Amazon said on Thursday it had successfully completed an initial test of using delivery drones in Italy, the first European country where the e-commerce giant plans to introduce the service.
US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

US proposes $7.54 billion loan to Stellantis, Samsung SDI battery joint venture

03 Dec 2024
The U.S. Energy Department said Monday it is planning to loan up to $7.54 billion to a joint venture of Chrysler parent Stellantis and Samsung SDI to help build two electric vehicle lithium-ion battery plants in Indiana.

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