Samsung India Factory Gripped by Strike as Workers Demand Better Pay
September 12, 2024 – A strike by workers at Samsung’s factory in Chennai, India, has entered its third day, with hundreds of employees demanding higher wages and better working conditions. The strike, which began this week, has no set end date, according to the chairman of the Samsung India Employees’ Union, Muthukumar. The Chennai plant,…
Football-Playing Humanoid Robot Helps Accelerated Evolution Net Major Investment
September 12, 2024 – Humanoid robot company “Accelerated Evolution” has recently completed a 100 million yuan Pre-A series funding round. The investment was jointly made by PeerTimes, Minsheng Bank International, Zhongguancun Science City, and iCANX Fund, with follow-on investment from existing investor InnoAngel. The funds will primarily be used for developing a universal robot body…
TEL and Tata Electronics Sign MOU to Boost Semiconductor Infrastructure in India
September 11, 2024 – Recently, semiconductor equipment giant Tokyo Electron (TEL) announced on its official website that it has signed a strategic cooperation memorandum of understanding with Tata Electronics, an Indian company. The two parties will collaborate to expedite the equipment infrastructure construction for two of Tata Electronics’ semiconductor factories in India. Beyond that, TEL…
OpenAI Set to Unveil ‘Strawberry’ Large Model in Two Weeks, Promises Advanced Reasoning Capabilities
September 11, 2024 – On August 7th, local time, Altman sparked widespread discussion online by posting a photograph of strawberries, hinting at the mysterious “Strawberry” project. According to a report by The Information today, OpenAI plans to unveil the “Strawberry” AI model, formerly known as the Q* project, in the next two weeks. This launch…
Alibaba at 25: Ma Urges Team to Stay True to Itself Amidst Competition
September 11, 2024 – On the occasion of Alibaba’s 25th anniversary, Jack Ma, the founder of the e-commerce giant, posted a message on the company’s internal network reminding employees of the company’s core values and its journey towards a 102-year vision. Ma emphasized that while the company has already progressed through almost a quarter of…
BYD Clarifies: No Official Word on Raising Annual Sales Target to 4 Million
September 11, 2024 – According to a report released by Morgan Stanley’s automotive industry analysts, including Tim Hsiao, on September 9th, it was noted that BYD’s management had announced an increase in their annual sales target to 4 million vehicles, an upward adjustment of approximately 400,000 units compared to their previous sales guidance. In response…
Dell to Slash Jobs Again in 2024 to Boost Profit Margins
September 11, 2024 – Dell has announced plans to continue its cost-cutting measures by implementing further layoffs this year. The company stated that due to external hiring practices, job reorganizations, and other constraints, it expects a “continued reduction in headcount” for the fiscal year ending in February 2025. Dell revealed that it is aggressively expanding…
TSMC Achieves Milestone: Successful 4nm Trial Production at US Factory
September 10, 2024 – In a significant milestone for its US operations, Taiwan Semiconductor Manufacturing Company (TSMC) has announced the successful trial production of its first batch of N4 4nm process wafers at its inaugural factory in Arizona. The test results have revealed a remarkably low defect rate, which is comparable to the yield rates…
Volkswagen CEO Addresses Declining Sales and Layoffs: ‘Smaller Pie, More Guests at the Table’
September 10, 2024 – This Sunday, the CEO of Volkswagen, Oliver Blume, defended the company’s plan for large-scale layoffs in the face of the current economic situation. Blume stated unequivocally that the prevailing economic conditions are “so severe” that the old ways of doing business can no longer be replicated. He explained, “Car sales in…
Oracle and AWS Announce Partnership to Launch Innovative Database Cloud Service
September 10, 2024 – Oracle and Amazon Web Services (AWS) announced a strategic partnership on September 9th, unveiling their collaborative effort to launch Oracle Database@AWS, a new cloud service offering. This innovative product enables customers to access Oracle Exadata database services and Oracle’s Autonomous Database, which can automatically perform certain routine management tasks, on dedicated…