Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
SK Telecom and KT to Lead South Korea's $12.5M 5G-AI Industrial Pilot
South Korea's NIA has selected SK Telecom and KT for a 17.2 billion won pilot testing 5G standalone and AI-RAN in industrial settings. The p
Ericsson Beats Q2 Profit Forecasts as AI Drives Up Component Costs
Ericsson reported a better-than-expected profit for the second quarter, helped by cloud services. However, the company warned that AI-driven
RBC Hikes ASML Price Target to $2,000 on EUV Machine Pricing Power
RBC Capital Markets lifted its ASML price target to $2,000, pointing to a multiyear shortage of EUV machines. The bank sees room for price i
Superb AI Taps Mirae Asset for South Korea Tech Listing
Superb AI, a computer vision AI startup, has selected Mirae Asset Securities to lead its IPO plans in South Korea. The company has raised 63
Apple and Huawei Defy China's Smartphone Slump as Rivals Raise Prices
China's smartphone market shrank for the fifth straight quarter in Q2, with shipments down 4.3%. Apple and Huawei bucked the trend by holdin
Nvidia Slashes Approved Asia AI Chip Buyers by Over Half Amid Tighter China Export Controls
Nvidia has reportedly cut its approved Asian customer list for advanced AI chips by more than half after tightening compliance reviews. The
China's CXMT Aims for $4.35 Billion Shanghai IPO, Potentially Asia's Largest This Year
ChangXin Memory Technologies (CXMT) has launched its IPO book-building to raise 29.5 billion yuan ($4.35 billion) ahead of a July 27 listing
Apple Sues OpenAI Over Poaching, TSMC Sales Surge 36% as AI Boom Continues
Apple is suing OpenAI, accusing the AI firm of poaching engineers and stealing trade secrets. Meanwhile, TSMC's sales surged 36% last quarte
Thomson Reuters Cuts Engineering Roles, Plans 250+ AI Hires in Two-Year Shift
Thomson Reuters is cutting a small number of engineering roles as it pushes AI deeper into its products. The company plans more than 250 net
Meta's $50B AI Pledge Fails to Lift Chip Stocks as Google's In-House Chips Raise Nvidia Doubts
Meta said it will spend more than $50 billion on AI computing infrastructure, yet semiconductor stocks dropped 4.3%. Google's in-house chips
Check Point Stock Stuck in Range Until Product Growth Returns, Oppenheimer Says
Oppenheimer expects Check Point Software's stock to remain rangebound until product sales show steady growth, with Q2 results due July 30th.
Apple Sues OpenAI Over Alleged Theft of Hardware Trade Secrets by Ex-Employees
Apple sued OpenAI on Friday, alleging the AI giant poached engineers and stole hardware secrets to build competing devices. The lawsuit mark