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10Feb

UK chipmaker Fractile to invest £100m in domestic AI chip expansion

Britain said on Tuesday that homegrown chipmaker Fractile will invest 100 million pounds ($136.43 million) in its UK operations over the next three years, including a new hardware engineering facility…

10Feb

Databricks raises $5B at $134B valuation to scale enterprise AI products

Databricks said on Monday it has completed a fundraising of about $5 billion at a $134 billion valuation, as the data analytics software company bolsters its balance sheet to invest…

10Feb

Onsemi Q4 revenue misses estimates as inventory glut hits sales

Chipmaker Onsemi missed Wall Street estimates for fourth-quarter revenue on Monday, with its business segments declining as much as 17%, hurt by a persistent inventory glut. Shares of the Phoenix,…

10Feb

Montage Technology jumps 64% in Hong Kong debut after $900m IPO for R&D push

China's Montage Technology surged 64% in its Hong Kong trading debut on Monday after the world's biggest memory interconnect chip supplier raised HK$7.04 billion ($900 million) in a share sale…

10Feb

China’s Nio recalls 246,229 EVs over software safety flaw

China's Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker. The recalled EVs include models…

10Feb

Robot vacuum maker Dreame makes Super Bowl debut with electric supercar tease

Dreame Technology, a Chinese maker of robot vacuum cleaners with an audacious goal to build electric supercars, ran a 30-second Super Bowl commercial showcasing its planned electric luxury car. The…

10Feb

India’s Gujarat state signs agreement with Musk’s Starlink

India's Gujarat state said on Monday that it had signed a letter of intent with Elon Musk's Starlink to provide high-speed, satellite-based internet connectivity across remote and underserved regions of…

10Feb

Singapore telcos Singtel, StarHub, M1 and Simba hit by UNC3886 cyber espionage

Singapore's four telecom companies, Singtel, StarHub, M1 and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore's Cyber Security Agency said on Monday. The agency…

10Feb

China Debuts Song-and-Dance Humanoid Robots as Lunar New Year Crowd-Pullers

In China, humanoid robots are serving as Lunar New Year entertainment, with their manufacturers pitching their song-and-dance skills to the general public as well as potential customers, investors and government…

09Feb

Businesses Are Obsessed With “Resilience” and What That Actually Means Now

Once upon a time, companies chased growth. Loud growth. Fast growth. Charts up and to the right. In today’s business atmosphere, the word you hear most in boardrooms isn’t growth.…

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