By Rozanna Latiff and Fanny Potkin KUALA LUMPUR -Nvidia is in advanced talks with Malaysian conglomerate YTL on a data centre deal, three sources familiar with the matter said, as the U.S chip giant looks for more business from Southeast Asia. The potential tie-up would include collaborating on cloud infrastructure, and is likely to be …
Nvidia in talks with Malaysia’s YTL on data centre deal -sources Read More »
By Nick Carey and Paul Lienert LONDON/DETROIT (Reuters) – The rise of inexpensive Chinese electric vehicles has upped the pressure on legacy automakers who have turned to suppliers, from battery materials makers to chipmakers, to squeeze out costs and develop affordable EVs quicker than previously planned. “Automakers are really now only turning to affordable vehicles, …
Fear of cheap Chinese EVs spurs automaker dash for affordable cars Read More »
(Reuters) -Hong Kong’s Cathay Pacific Airways said on Friday it has placed a firm order to purchase six Airbus A350 freighters with a list price of $2.71 billion, as it replaces its ageing Boeing 747 cargo jets. Cathay, which has six older model 747-400ERFs and 14 newer 747-8Fs expects the six A350s to be delivered …
Cathay Pacific chooses Airbus over Boeing for freighter order Read More »
(Reuters) -Apple is allocating product development resources for iPad to Vietnam, Nikkei reported on Friday, citing sources briefed on the matter. Apple is working with China’s BYD, a key iPad assembler, to move new product introduction (NPI) resources to Vietnam, the report said, adding that this is the first time the company has shifted NPI …
Apple to move key iPad engineering resources to Vietnam- Nikkei Read More »
(Corrects paragraph 4 to clarify that Duke Energy disconnected batteries not because of its own security concerns but instead after lawmakers raised concerns) BEIJING/SHANGHAI (Reuters) – Chinese battery giant CATL has hit back at U.S. utility firm Duke Energy’s move to disconnect its batteries, saying that accusations about CATL batteries posing a potential security threat …
Chinese battery giant CATL hits back at Duke Energy disconnecting batteries Read More »
By Karen Freifeld (Reuters) – The U.S. must take immediate action to stop “the hemorrhaging of sensitive U.S. technology to China” by tightening up enforcement of existing rules and adding new ones, according to a House of Representatives report released on Thursday. The Biden administration has made numerous efforts to stop the flow of sophisticated …
U.S. must take tougher approach on tech to China, says U.S. House committee Read More »
LONDON (Reuters) – The investment focus for Abu Dhabi’s sovereign wealth fund Mubadala will increasingly shift towards Asia, though the United States will remain a key market, the fund’s Chief Executive said on Thursday. “The U.S. will remain I think an unbelievably attractive market and a key market for us,” Khaldoon Al Mubarak said at …
Investment focus for Abu Dhabi wealth fund Mubadala will shift to Asia -CEO Read More »
By Joe Cash BEIJING (Reuters) – China said on Thursday that Biden administration plans to limit Chinese content in batteries eligible for generous electric vehicle tax credits from next year violate international trade norms and will disrupt global supply chains. The plans will make investors in the U.S. electric vehicle (EV) supply chain ineligible for …
China says Biden plan to shut it out of US battery supply chain violates WTO rules Read More »
SINGAPORE – Singapore plans to triple its pool of artificial intelligence experts, including machine-learning scientists and engineers, to 15,000, as part of its national AI strategy, deputy prime minister Lawrence Wong said on Monday. The Southeast Asian nation of 5.45 million, which is home to the Asian headquarters of global tech giants, such as Google …
Singapore to triple AI talent to 15,000 experts, deputy PM says Read More »
HONG KONG (Reuters) – China’s Commerce Minister Wang Wentao met with Microsoft President Brad Smith on Wednesday, and exchanged views on Microsoft’s development in China, Sino-US economic and trade relations and other issues, the Chinese commerce ministry said. China hopes Microsoft can play a constructive role in China-US cooperation in artificial intelligence and other areas, …
China hopes Microsoft will play constructive role in China-US cooperation on AI Read More »
