Tech
The tech companies, chips and platforms moving indexes and reshaping the economy.
Apple Challenges India Antitrust Findings, Citing Tiny Market Share
Apple has pushed back against India's antitrust findings, telling the Competition Commission of India its market share is under 6%. The comp
Hong Kong Tech Surges on IPO Buzz from Baidu's AI Chip Unit and Momenta
Asian stocks mostly finished higher Monday, led by a 3.2% surge in Hong Kong tech after reports that Baidu's AI chip unit Kunlunxin and auto
AI-Driven Layoffs Spread Across Banking, Tech, and Industry as Firms Reshape Workforces
AI restructurings are driving real layoffs across major employers, from HSBC's 20,000 cuts to Amazon's 16,000. Goldman Sachs estimates 5,000
Enterprises Push Back on AI Token Pricing, Shift to Open-Source Models
Enterprises are pushing back on AI token pricing as usage-based costs become unpredictable. Many are shifting routine tasks to open-source m
China's EV Battery Giants Pledge Faster Supplier Payments Amid Price War Squeeze
China's top EV battery makers, including CATL, CALB, and Sunwoda, pledge to settle most supplier bills within 60 days. The move follows regu
South Korea Unveils $576 Billion Plan for Chip and AI Hubs Beyond Seoul
South Korea is betting $576 billion on semiconductor and AI expansion outside Seoul, relying on Samsung and SK Hynix to build new fabricatio
BT and Verizon Form $4B Joint Venture to Serve Multinational Corporate Clients
BT and Verizon are pooling their international enterprise network units into a 50:50 joint venture. The deal targets multinational clients,
South Korea Bets $336 Billion on Chip and AI Hubs Outside Seoul
South Korea's government is pushing new semiconductor and AI infrastructure outside Seoul. The Gwangju-South Jeolla region aims to attract 5
Samsung and SK Group to Unveil $1.4 Trillion Semiconductor Investment Plan
Samsung Group and SK Group are set to reveal a massive 10-year, 2,000 trillion-won semiconductor investment plan on Monday. The move aligns
South Korean Chip Stocks Slide as US AI Volatility Spills Over
South Korean chip giants Samsung and SK Hynix dropped Monday after a sharp decline in US semiconductor stocks reignited AI volatility. The s
Reconova Technologies Launches HK$608.4 Million Hong Kong IPO to Fund AI R&D and Production Base
Reconova Technologies has launched a Hong Kong IPO to raise about HK$608.4 million, with proceeds earmarked for AI research, product develop
BASiC Semiconductor Launches Hong Kong IPO, Eyes Up to HK$866 Million
BASiC Semiconductor has kicked off its Hong Kong IPO, aiming to raise up to HK$866 million. The chipmaker will price shares by July 6 and st