GlobalFoundries fined for sanctions slip-up
In the high-stakes world of semiconductor manufacturing, one slip of a key can mean millions—and for GlobalFoundries, a so-called “data entry error” is proving costly. [more…]
Category: China
Kia EV5 price takes aim at Tesla to win over Aussie drivers
Kia is throwing down the gauntlet in Australia’s electric vehicle market with its new EV5, a sharp competitor to Tesla’s popular Model Y. First making [more…]
DP World bets big on China, expanding global reach through Hong Kong
DP World has big plans, and they’re betting on China to help make them happen. The UAE-based logistics giant, fresh off its acquisition of Cargo [more…]
Hong Kong’s Physical Fitness chain shuts down, directors arrested amid fraud investigation
In a plot twist straight out of a crime drama, Hong Kong’s fitness buffs were left in the lurch last week when Physical Fitness, a [more…]
BYD takes the wheel in Germany with Hedin acquisition
In a move that signals its growing ambition in the European market, China’s BYD has announced plans to acquire its German distributor, Hedin Electric Mobility. [more…]
SM Prime banks on youthful economy amid Chinese online gaming shutdown
The Philippines, known for its vibrant and dynamic economy, now finds itself at a pivotal moment. SM Prime Holdings and its sister companies under the [more…]
Ola Electric launches motorcycles in India’s untapped EV market
In an aggressive move into a new frontier of India’s electric vehicle (EV) market, Ola Electric Mobility unveiled its latest lineup of electric motorcycles. This [more…]
China’s BYD expands global EV footprint with key investments in Thailand and Turkey
In a strategic move, BYD Co., a Chinese electric vehicle giant, announced plans to acquire a 20% stake in its Thai distributor, Rever Automotive Co. [more…]
STMicroelectronics to build chip factory in Sicily
In a move to cut its dependency on China, Europe is taking significant steps to ramp up its semiconductor game. STMicroelectronics, a heavyweight in the [more…]
Volkswagen unveils plan for budget electric cars to challenge Chinese rivals
Volkswagen, Europe’s auto giant, is charging forward with an ambitious plan to develop affordable electric vehicles, taking on Chinese competitors head-on. This decisive move follows [more…]