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NEWS TAGGED 2024
Friday 20 June 2025
Zhaoxin eyes IPO on China’s tech board as x86 chip losses mount
Shanghai Zhaoxin Semiconductor Co., Ltd. (Zhaoxin), a key Chinese developer of domestically produced x86-compatible CPUs, has filed for an IPO on the Shanghai STAR Market, targeting...
Thursday 19 June 2025
Tong Yang Industry reports record revenue and profit in first five months of 2025
Tong Yang Industry's annual shareholders meeting on June 19 showcased its 2024 business report, noting record-high consolidated revenue and profit for the first five months of 2025...
Thursday 19 June 2025
Microsoft planning thousands more job cuts aimed at salespeople
Microsoft Corp. is planning to ax thousands of jobs, particularly in sales, as part of the company's latest move to trim its workforce amid heavy spending on artificial intelligence.
Thursday 19 June 2025
FineMat accelerates transformation as Chinese rivals intensify AMOLED metal mask competition
Taiwan-based FineMat Applied Materials held its shareholders' meeting on June 17, approving all proposals and outlining its strategic direction amid increasing competition in China's...
Thursday 19 June 2025
Smiths Interconnect announces 2024 Distributors of the Year
Smiths Interconnect, a leading provider of high-reliability connectivity products and solutions serving segments of aerospace and defense, medical, semiconductor test, and industrial...
Thursday 19 June 2025
AWS expands AI collaboration with Germany's RWE Group
Amazon Web Services (AWS), the cloud computing arm of Amazon, has announced an expansion of its partnership with RWE Group, a major German energy company. The collaboration extends...
Wednesday 18 June 2025
GSEO eyes Southeast Asia for manufacturing as lens demand rebounds in 2025
Genius Electronic Optical Co. (GSEO) convened its annual shareholders' meeting on June 17, where company leadership outlined strategic priorities and financial performance updates...
Wednesday 18 June 2025
Nittobo material price hikes exclude AI server-grade glass fabric
Japanese glass fiber supplier Nitto Boseki (Nittobo) reportedly has raised prices of its composite material products by up to 20% due to increasing costs, but the price hike does...
Wednesday 18 June 2025
Kinko Optical hits infrared milestone, sets sights on steady auto growth
Kinko Optical Co. is focusing its automotive strategy on external cameras used in ADAS and autonomous driving systems. In 2024, the company gained certification from global auto parts...
Wednesday 18 June 2025
TSMC maintains foundry dominance despite Foundry 2.0 move to address rising US scrutiny
Despite efforts, including the announcement of the Foundry 2.0 strategy to reduce its stated market share and address customer concerns, TSMC continues to dominate the pure-play foundry...
Wednesday 18 June 2025
Sony accelerates image sensor growth in automotive amid record earnings and evolving market strategy
Sony Group has provided an update on its semiconductor business, particularly focusing on its position in the image sensor market. Despite failing to meet its ambitious target of...
Wednesday 18 June 2025
Tongtai swings to US$28 million loss as machine tool demand slumps
Taiwanese machine tool maker Tongtai Machine & Tool Co. posted a net loss of NT$910 million (US$28 million) in 2024 as manufacturing sector inventory adjustments weighed on demand,...
Tuesday 17 June 2025
OpenAI signs US$200 million AI deal with Pentagon under new government initiative
OpenAI has launched its "OpenAI for Government" initiative by signing a US$200 million, one-year artificial intelligence (AI) contract with the US Department of Defense, marking its...
Tuesday 17 June 2025
PGUM reports EV sales exceed 30% of total vehicle lineup
Pan German Universal Motors (PGUM) held its 2025 annual shareholders meeting on June 13, 2025, during which it approved the 2024 business report and financial statements.
Tuesday 17 June 2025
AMD takes on Nvidia with six AI acquisitions
In a rapidly evolving AI landscape, AMD's CEO, Lisa Su, has emerged as a formidable challenger to Nvidia's dominance, particularly in the AI hardware sector. Su, having led AMD to...