(This November 17 story is repeated without any changes to the text) By Stephen Nellis SAN FRANCISCO (Reuters) -Chip manufacturer GlobalFoundries said on Monday it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker that focuses on silicon photonics, a fast-growing field that is being used in artificial intelligence data centers and quantum computers. GlobalFoundries did …
SEOUL (Reuters) – Shares of South Korean entertainment firm The Pinkfong Company, producer of the popular children’s song “Baby Shark,” surged more than 60% in their market debut on Tuesday. Since its release in 2016, the “Baby Shark” song about a family of sharks has become the most-watched video on YouTube. It was played at …
‘Baby Shark’ producer Pinkfong shares soar in South Korea after IPO Read More »
By Liam Mo and Eduardo Baptista BEIJING (Reuters) -China’s Alibaba has launched a major upgrade to its AI chatbot, marking an aggressive push into the consumer artificial intelligence market where it has lagged rivals. The new free app, based on the most advanced version of its Qwen large language model, is available in China as …
Alibaba unveils major consumer AI upgrade with new Qwen chatbot Read More »
BANGKOK (Reuters) -Thailand expects spending to reach 3.788 trillion baht ($116.9 billion) for the 2027 fiscal year, with a smaller budget deficit estimated at 788 billion baht, the government said on Tuesday. The budget for Southeast Asia’s second-largest economy in the current fiscal year of 2026, which started in October, has been set at 3.780 …
Thailand projects spending of $117 billion for 2027 fiscal year Read More »
By Toby Sterling AMSTERDAM (Reuters) -The European Union must incentivise investments by computer chip equipment, materials and design firms to ensure the bloc’s security and not lag further behind U.S. and Asian rivals, industry group SEMI Europe recommended on Tuesday. The EU Commission had asked SEMI, which represents hundreds of European chip industry firms, for …
Industry urges pragmatic EU Chips Act 2.0 to close gap with US and China Read More »
By Uditha Jayasinghe DEHIATTAKANDIYA, Sri Lanka (Reuters) -Four years since Sri Lanka scrapped a rash fertiliser ban that triggered protests, decimated harvests and exacerbated its financial collapse, the pain for growers lingers. K.K.G. Thilakabandara, a rice farmer, still recalls the shock of the April 2021 ban. “The ban was implemented without any consultations or giving …
Four years after Sri Lanka’s failed organic push, rice farmers struggle to rebuild Read More »
HONG KONG (Reuters) -Hong Kong’s seasonally adjusted unemployment rate fell to 3.8% in August to October, from 3.9% in the previous three-month period, with more distinct decreases observed in retail, food services, superstructure and financing sectors, the government said on Tuesday. “The solid expansion of the Hong Kong economy, along with the steadfast improvement in …
Hong Kong unemployment falls to 3.8% in August-October Read More »
SHANGHAI -Firefly, a compact electric vehicle brand owned by China’s Nio, is seeking growth in right-hand drive markets that are free from punitive tariffs on Chinese EVs and is preparing to ramp up deliveries to those destinations next year. On Tuesday, the brand said it rolled out its first batch of right-hand drive models for …
Nio’s Firefly EV brand seeks growth in right-hand drive markets without tariffs Read More »
By Kentaro Sugiyama and Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said on Tuesday he told Prime Minister Sanae Takaichi the central bank was gradually raising interest rates to guide inflation smoothly towards its 2% target and ensure the economy achieves sustainable growth. The premier did not make any request on monetary …
BOJ chief tells Takaichi central bank seeking smooth landing towards price goal Read More »
(Reuters) -Apple’s iPhone accounted for one in every four smartphones sold in China in October, with sales jumping 37% from a year earlier on strong demand for the iPhone 17 series, data from research firm Counterpoint showed on Tuesday. Apple last achieved this market share milestone in 2022 when competition in the premium segment was …
Apple takes 25% share of China smartphone market in October on iPhone 17 demand Read More »
