Meta Platforms Inc. is losing third-party augmented reality developers to rival Snap Inc. following the social media giant's unexpected decision to shutter its AR studio.
Zomato's second-quarter financial results surpassed market expectations, driven by robust revenue growth across segments and improved profitability. However, analysts warn that the company's aggressive expansion plans and quick commerce investments could pressure margins in coming quarters.
Dekra, the world's largest independent testing, inspection, and certification organization, officially opened its new Taiwan headquarters in Linkou, New Taipei City, on October 23, along with expanded laboratory facilities. This strategic expansion aims to strengthen Taiwan's position in key sectors including ICT, vehicle connectivity, IoT, and intelligent automotive systems.
At the Taiwanese-German Conference on Industry 4.0 Applications, Germany unveiled its push for industrial transformation through "data spaces" under the Manufacturing X initiative. Designed to foster seamless data exchange across the value chain, this initiative aims to enhance collaboration and unlock new business models.
Chinese AI company SenseTime has announced that its Shanghai-based AI data center will extensively use domestically manufactured chips, including products from Huawei and Biren Technology (Biren).
Taiwan is aligning with a growing global trend, as nations and tech giants increasingly turn to nuclear power to meet the surging electrical demand driven by AI. Premier Cho Jung-Tai recently suggested that Taiwan maintains a "very open" attitude toward adopting new nuclear technologies, marking a potential shift in the government's stance on nuclear energy.
Chinese tech giant Huawei announced the official launch of HarmonyOS NEXT at a launch event on October 22. The HarmonyOS Next is the 5.0 version of Huawei's self-developed mobile operating system (OS) HarmonyOS and is the first iteration to be built independent of the Android architecture.
Qualcomm launched its Snapdragon 8 Elite mobile platform at the Snapdragon Summit 2024 in Hawaii, positioning the chip as the fastest and most advanced mobile chip system available. The company promises substantial neural processing capabilities for handling AI-driven tasks on devices equipped with this technology.
India-based electronics manufacturer VVDN, known for producing servers and notebooks for global brands, is now expanding into smartphone manufacturing. The company aims to develop products for a U.S.-based brand, marking a significant expansion of its manufacturing capabilities and product offerings.
At the 2024 vivo Developer Conference, Vivo unveiled a new AI strategy, introducing a new 3 billion parameter terminal large model called 3B. This model enables features like call summaries, document outlines, intent understanding, and local knowledge graphs to operate effectively on terminals.
Taiwanese manufacturers returning from China to invest domestically amid the US-China tech and trade rivalry are encountering mounting pressure to relocate overseas. Industry observers point to electricity and labor shortages, alongside soaring land prices, as major obstacles.
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