Samsung Electronics, the global leader in memory chips, smartphones, and televisions, has released its fourth-quarter operating profit estimate, revealing a significant shortfall compared to analyst expectations. The South Korean tech giant reported an estimated operating profit of 6.5 trillion won.
Electric vehicle manufacturer BYD is under investigation in Brazil after hundreds of Chinese workers were brought into the country on irregular visas to work on a factory construction in Bahia, with many found in "slavery-like conditions," according to labor authorities, Reuters reports.
Philips has sold its chipmaking subsidiary, Xiver, to a consortium led by Orange Mills Ventures, marking another step in the company’s shift away from semiconductor operations, Dutch newspaper De Telegraaf reported.
A coalition of self-driving car companies is urging the U.S. government to accelerate efforts to deploy autonomous vehicles, citing regulatory delays and growing international competition.
Nvidia unveils AI breakthroughs at CES 2025, introducing Cosmos models for training robots and cars, advanced gaming chips, and new automotive tech with Toyota, targeting $5B revenue by 2026.
International tech innovators arrived in Las Vegas, to represent and try out the latest gadgets and innovations ahead of CES 2025.
China unveils 15 measures to boost its western provinces, focusing on aviation hubs, ports, and rail links to enhance integration and economic development in the region.
The U.S. DOJ urges the Supreme Court to reject Trump’s request to delay TikTok’s potential ban or forced sale by Jan. 19, citing national security concerns and data privacy issues.
Microsoft plans to invest nearly $100B in AI-enabled data centres by FY 2025, aiming to drive global innovation and maintain U.S. leadership in AI technology.
BYD surpassed Tesla in fourth-quarter EV deliveries, with a 13.1% sales increase, while Tesla saw a 5% rise.
China plans to strengthen its economy for this year. The country will focus on providing durable goods for consumers and equipment for businesses.
Tesla's 2024 deliveries dropped 1.1%, missing estimates. Aging models, competition, and high costs weigh on sales, despite China growth and Cybertruck's debut. Shares fell 6%.
Norway leads the EV revolution: 9 out of 10 cars sold in 2024 were electric, driving the nation closer to its goal of fully electric new car sales by 2025.
The euro marks its 26th year amid economic challenges, with fluctuating value and new digital currency developments shaping its future across Europe and the global market.
China urges local officials to provide financial relief to those in need ahead of major holidays, as economic challenges, including jobless graduates and weak demand, persist into 2025.
OpenAI plans to restructure as a public benefit corporation, aiming to attract major investments while balancing AI innovation, social good, and shareholder interests.
A last-minute shopping surge and heavy discounts drove U.S. holiday sales higher than expected, rising 3.8% from last year, according to Mastercard SpendingPulse.
Apple has requested to participate in Google's upcoming U.S. antitrust trial, arguing that it must defend its lucrative revenue-sharing agreements with the tech giant, which send billions in payments each year for making Google the default search engine on Safari.
Toyota’s global production declined for the 10th consecutive month in November, down 6.2% year-on-year. However, the automaker saw a 1.7% increase in worldwide sales, marking the second consecutive month of growth.
