The giant American chip manufacturer Nvidia is said to have discovered a means to supply Chinese businesses with high-end chips while yet adhering to American regulations intended to limit China’s access to technology. China makes up 20% to 25% of Nvidia’s income from its largest business, the data centre division. According to Chinese financial media…
Intel has postponed a planned investment in Vietnam that could have roughly doubled the U.S. chipmaker’s facility there, dealing a blow to the nation’s expanding aspirations in the semiconductors industry, according to reports based on information from sources briefed on the plans. The centre of Southeast Asian electronics manufacturing, which houses Intel’s largest chip assembly, packaging,…
The Milan prosecutors’ office announced on Monday that an Italian judge had ordered the seizure of 779.5 million euros, or $836.40 million, from the European headquarters of the short-term rental website Airbnb, which is located in Ireland, due to suspected tax evasion. Prosecutors in the northern Italian city stated in a statement that the investigation…
Beijing will welcome the American semiconductor company expanding its market share in China, the Chinese minister of commerce informed the president of Micron Technology Inc., signalling a further warming of ties between the two largest economies in the world. According to a brief statement posted on the commerce ministry’s website on Friday, Commerce Minister Wang…
This week, BMW executives predicted solid sales for the fourth quarter and stated that their order book was full through the first few months of the following year. They added that they did not see the need to lower pricing, unlike some of its competitors. As supply chain bottlenecks lessened, vehicle availability improved, but higher…
Except for their availability which could prevent Novo Nordisk and Eli Lilly’s explosive sales of their diabetes and weight-loss medications from continuing into the upcoming years. The worldwide obesity medicine boom has mostly benefited these two corporations, driving up their market values and changing expectations for packaged foods, sugary snacks, and nutritional supplements in addition to the…
Apple’s shares fell almost 3% in after-hours trading after the company released a Christmas quarter sales estimate that fell short of Wall Street’s projections due to the lacklustre demand for iPads and wearables. Tim Cook, the company’s CEO, emphasised that the new iPhone 15 models were performing well in China in an effort to allay…
The largest apparel retailer in the world, Inditex, which owns Zara, announced on Friday that its suppliers would purchase 2,000 metric tonnes of a raw material produced by Swedish business Renewcell from waste cotton textile. One of the first textile-to-textile recycling companies on a commercial scale in the world, Renewcell assists apparel merchants in substituting…
The Israel-Hamas conflict is already having an impact on operations for some of the most well-known corporations in the world. On October 7, the terrorist organisation Hamas launched an unexpected attack on Israeli cities and captured almost 200 people. Palestinian health officials reported that over 7,000 people had died in Gaza, while the Israeli Defence…
In the first three quarters of 2023, revenue at China’s Huawei Technologies increased somewhat. The firm attributed this increase to development in its cloud and digital power businesses as well as the increasing competitiveness of its vehicle components division. For the first three quarters of the year, Huawei reported revenues of 456.6 billion yuan ($62.4…
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