Breaking News
Justice Department Seeks Google Chrome Sale to Curb Monopoly
The Justice Department pushes for a Google Chrome sale to curb Alphabet Inc.’s monopoly, aiming to restore competition in the tech industry.
Exclusive Huawei Aims to Mass-Produce New Huawei AI Chip in Early 2025 Despite US Restrictions
Huawei plans to mass-produce its latest Huawei AI chip, Ascend 910C, in early 2025, despite ongoing U.S. restrictions affecting its chip production capabilities.
Global Markets Plunge Amid Nvidia Forecast and Rising Geopolitical Risks
Global markets saw a downturn as Nvidia’s forecast disappointed and geopolitical tensions in Ukraine escalated, impacting investor confidence.
Apple Investment Sparks Bold $100 Million Plant Proposal in Indonesia
Apple proposes a $100 million investment for a manufacturing plant in Indonesia to comply with local regulations following the iPhone 16 sales ban.
AI Server Demand Drives Nvidia Partner Hon Hai to Secure $1.1 Billion Loan
Taiwan’s Hon Hai Precision Industry, Nvidia's key partner, secures a $1.1 billion loan to support the booming demand for AI servers. This loan aims to fuel Hon Hai’s growth as the company focuses on AI and cloud products.
Trump May Attend SpaceX Launch in Texas Strengthening Ties with Elon Musk
President-elect Donald Trump might attend the upcoming SpaceX launch in Texas, showcasing his growing relationship with SpaceX and Elon Musk.
Samsung Shares Surge After $7 Billion Buyback Announcement
Samsung shares jumped after a $7 billion buyback announcement to stabilize stock value and address challenges in the AI market.
US Semiconductor Production Boosted by TSMC’s $6.6 Billion Subsidy
The US Commerce Department has finalized a $6.6 billion subsidy for Taiwan Semiconductor Manufacturing Co. (TSMC) to enhance US semiconductor production. This major investment aims to bolster domestic chip manufacturing capabilities and bring cutting-edge semiconductor technology to the United States. The deal aligns with the Chips and Science Act, ensuring the growth of US semiconductor production and strengthening national security.
Samsung Stock Explodes to Four-Year High, Boosting Investor Confidence
Samsung stock surges 8.6% Friday, reaching a four-year high after months of losses. Investors eye valuation appeal amid trade risks and AI concerns.
AI-Driven Semiconductor Demand Drives ASML's Confident 2030 Sales Forecast
ASML reaffirms its 2030 sales forecast ranging from €44 billion to €60 billion, betting on AI-driven semiconductor demand despite recent market challenges.
NUBURU Funding of $65 Million to Support Long-Term Growth and Innovation
NUBURU Funding has led to a $65 million package, including a $15 million PIPE investment and a $50 million ELOC, designed to drive long-term growth and support NUBURU’s blue laser technology and intellectual property expansion.
NUBURU Industrial Laser Market Growth Driven by Strategic Partnerships
NUBURU industrial laser market position grows with partnerships like NASA and GE Additive, expanding blue laser applications in aerospace and manufacturing.
Laser Technology Solutions Drive Strategic Partnerships to Strengthen NUBURU’s Position in Industrial Market
NUBURU’s strategic partnerships with NASA and GE Additive are enhancing its position in industrial laser technology. These collaborations expand its applications in aerospace and manufacturing sectors.
NUBURU’s Revolutionary Laser Welding Technology Transforms Industrial Manufacturing
NUBURU's patented laser welding technology offers faster, defect-free welds for metals like copper and aluminum. Backed by 233 patents and major contracts with NASA and the U.S. Air Force, NUBURU is leading the future of high-precision manufacturing.
Blue Laser Breakthrough as NUBURU Secures Exciting $65 Million to Boost Commercialization
Blue Laser technology is set for rapid growth as NUBURU secures $65 million in funding, including a $15 million PIPE investment and $50 million equity line of credit, to accelerate its commercialization and expand industrial applications.
Japan Pledges $65 Billion in Semiconductor Support to Boost AI and Economic Growth
Japan pledges $65 billion in semiconductor support to accelerate its semiconductor and AI sectors, aiming to strengthen economic growth and global competitiveness.
Explosive Tesla Stock Surges as Musk-Trump Alliance Sparks Investor Gains
Tesla stock has surged as CEO Elon Musk’s alliance with President-elect Trump fuels investor optimism, with shares up nearly 28% since Trump’s election win, pushing Tesla's market value past $1 trillion.
South Korea Unveils Bold Chips Act to Counter Trump’s Trade Threats on Semiconductor Industry
South Korea’s ruling party has introduced a chips act to support its semiconductor industry against potential U.S. trade threats under President-elect Donald Trump, focusing on subsidies and longer working hours for chipmakers like Samsung and SK Hynix.
Chips Act Funding Boosts US Manufacturing as TSMC and GlobalFoundries Secure Billions
TSMC and GlobalFoundries finalize agreements under the Chips Act, securing billions in grants and loans for semiconductor factories in the US. The deals will expand production capabilities in Phoenix and New York, marking a critical step in US manufacturing revitalization.
Southeast Asia’s Digital Economy Faces Stunning Slowdown as Consumer Spending Plummets
Southeast Asia's digital economy faces record-low growth as consumer spending cuts and rising competition impact tech-driven markets in the region.
auto industry update© 2024 All Rights Reserved