By Max A. Cherney (Reuters) – Artificial intelligence chip startup SambaNova Systems announced a new semiconductor on Tuesday, designed to allow its customers to use higher quality AI models at a lower overall cost. The SN40L chip is designed to run AI models that are more than twice the size that the advanced version of …
AI startup SambaNova launches new chip designed for higher quality AI Read More »
WASHINGTON (Reuters) – The chair of the House Ways and Means Committee asked Tesla Tuesday to detail its relationship with Chinese battery manufacturer CATL. Republicans in Congress have been probing Ford Motor’s planned $3.5 billion investment to build a battery plant in Michigan using technology from CATL, the world’s largest battery maker. The panel’s chair, …
By David Shepardson WASHINGTON (Reuters) -The U.S. has no evidence that Chinese manufacturer Huawei can produce smartphones with advanced chips in large volume, U.S. Commerce Secretary Gina Raimondo said on Tuesday. Huawei recently started selling its Mate 60 Pro phone containing a chip that analysts believe was made with a technology breakthrough by Chinese chip …
US has no evidence Huawei can make advanced smartphones in large volumes Read More »
SHENZHEN, China (Reuters) – Huawei may launch a mid-range 5G phone as soon as October, China’s IT Times reported on Tuesday, in what would be another sign the technology giant has overcome U.S. sanctions. From 2019, the U.S. has restricted Huawei’s access to chipmaking tools essential for producing the most advanced handset models, with the …
China’s Huawei set to re-enter mid-range 5G phone market -report Read More »
HONG KONG (Reuters) – Chinese developers Sunac and Country Garden brought some relief to the crisis-hit property sector by forging debt deals with creditors, but the outlook remained clouded by uncertainty about a recovery in home sales. Shares in Sunac China Holdings surged as much as 14% in early trade on Tuesday after creditors approved …
Sunac, Country Garden debt deals bring respite for China’s property sector Read More »
By Scott Murdoch and Kane Wu SYDNEY/HONG KONG (Reuters) -Chinese car maintenance service startup Tuhu Car is set to raise HK$1.137 billion ($146 million) in its Hong Kong initial public offering by pricing its shares at HK$28 apiece, according to three sources with direct knowledge of the matter. The sources could not be named discussing …
China’s Tuhu Car to raise $146 million in Hong Kong IPO -sources Read More »
BEIJING (Reuters) – Chinese automaker Geely’s Jiyue brand has started taking orders for its first smart electric vehicle model with a starting price of 259,900 yuan ($35,625), Jiyue said in a post on its WeChat account on Tuesday. ($1 = 7.2955 Chinese yuan renminbi) (Reporting by Zoey Zhang and Liz Lee; editing by Jason Neely)
HONG KONG (Reuters) – Hong Kong’s seasonally adjusted unemployment rate was unchanged at 2.8% in the June-to-August period, the government said on Tuesday. “The ongoing recovery of inbound tourism and local consumption would continue to support the labour market in the coming months,” Chris Sun, secretary for labour and welfare, said in a statement. The …
Hong Kong’s June-August unemployment rate unchanged at 2.8% Read More »
MANILA (Reuters) – Philex Mining Corp., one of the Philippines biggest producers of copper and gold, said on Tuesday it was looking at venturing into nickel mining via a potential mine site in Zambales province on the main island of Luzon. “We’re looking into the nickel space considering that the transition to this green energy …
Philippine copper miner Philex seeks to diversify into nickel Read More »
By Joyce Lee SEOUL (Reuters) -South Korea’s Doosan Robotics is set to raise 421.2 billion won ($317 million) in an initial public offering (IPO) after pricing the deal at the top of its marketed range. The company is a leading maker of so-called collaborative robots that work side-by-side with humans such as robot arms that …
South Korea’s Doosan Robotics prices IPO at top of range Read More »
