Fresh off its inaugural overseas Foundry Direct Connect event in Seoul last week, Intel—keen to sharpen its lead in AI chips—is reportedly teaming up with SK hynix to co-develop next-generation AI accelerators, South Korea’s Newsis reports. At the Intel AI Summit on July 1, SK hynix VP Jung...

Just a week after launch, Xiaomi’s second EV, the YU7, priced at 253,500 yuan ($35,360) and nearly 4% cheaper than Tesla’s Model Y, racked up 240,000 orders in just 18 hours, Reuters reports. Meanwhile, Commercial Times highlights TSMC as a big winner, since Qualcomm’s Snapdragon 8 Gen 3 and N...

According to a report from Central News Agency, citing Chinese media outlet Calian Press, the management of China Rare Earth Holdings—a listed subsidiary under China Rare Earth Group—has reportedly seen a wave of departures this year. Rumors suggest many executives have been poached by overseas...

Wolfspeed announced on June 30th that its Restructuring Support Agreement (RSA), recently signed with Japan’s Renesas, has also gained strong support from key stakeholders. To carry out the plan—aimed at cutting total debt by around 70%—the company has voluntarily filed for Chapter 11 bankrupt...

On June 25, the Innovation and Technology Commission under the Innovation, Technology and Industry Bureau of the Hong Kong SAR Government announced that the application submitted by Jizcube Semiconductor (Hong Kong) Limited for the “New Industrial Acceleration Scheme” has been approved by the as...