Finance
Samsung Reports Soaring Profits in Q1 2024, Driven by Semiconductor Rebound
April 30, 2024 – Samsung Electronics has recently released its financial results for the first quarter of 2024, revealing a remarkable surge in operating profit that skyrocketed nearly 10 times compared to the corresponding period last year. Notably, its semiconductor business has turned profitable for the first time since 2022. According to the financial report,…
Samsung and Carl Zeiss Deepen Collaboration in EUV Technology
April 29, 2024 – According to a recent press release from Samsung, Lee Jae-yong, the chairman of Samsung Electronics, visited the headquarters of Carl Zeiss in Oberkochen, Germany, on the 26th of the month. During his visit, he held discussions with Carl Zeiss CEO Karl Lamprecht on strengthening the collaboration between the two companies. Carl…
Alphabet Reports Impressive Revenue Growth and Announces First-Ever Dividend
April 26, 2024 – Alphabet Inc., the parent company of Google, released its latest quarterly financial report on Thursday, revealing impressive revenue growth. According to the report, the company generated $805.4 billion in revenue for the first quarter of this year, representing a 15% increase compared to the same period last year. This revenue growth…
Apple Faces Accusations of Sourcing ‘Blood Minerals’ from DRC
April 26, 2024 – An international team of lawyers representing the Democratic Republic of the Congo (DRC) sent a letter to Apple CEO Tim Cook on April 22nd, accusing the tech giant of illegally sourcing minerals from the country’s eastern region, an area notorious for violence, child labor, and other human rights abuses. The lawyers…
Nvidia Acquires Run:ai to Boost AI Infrastructure Capabilities
April 25, 2024 – Nvidia has recently announced its acquisition of Run:ai, a move aimed at bolstering the latter’s product roadmap and integrating its resources into Nvidia DGX Cloud. While the specific details of the acquisition, including the purchase price and completion date, remain undisclosed, an informed source revealed to TechCrunch that the deal was…
Tesla Dissolves Marketing Team Amid Global Layoffs
April 23, 2024 – Recent reports indicate that Tesla has decided to disband its newly established U.S. marketing team in the midst of a larger layoff, reflecting CEO Elon Musk’s reconsideration of conventional advertising strategies. As part of this reorganization, Tesla has let go of its entire “growth content” team in the United States, affecting…
Meta Opens Up Quest OS to Third-Parties, Ushering in a New Era of Mixed Reality Collaboration
April 23, 2024 – In a landmark announcement, Meta has declared the opening up of its Quest operating system to third-party developers, signaling a significant advancement in the mixed reality sector. Previously operating under a closed model akin to Apple’s approach, Meta has now opted for a more open Android-like model. This shift encourages other…
Apple’s New Recycling Robots Dave and Taz Arrive in China for Earth Day
April 22, 2024 – Apple’s Managing Director for Greater China, Ge Yue, announced today that Apple’s recycling robots, Dave and Taz, have arrived in China. In the spirit of Earth Day, the company is collaborating with partners to maximize the potential of recycled materials, minimize environmental impact, and safeguard our planet. CEO Tim Cook also…
Apple CEO Tim Cook Closes Asian Tour with Major Investment in Singapore
April 19, 2024 – Apple CEO Tim Cook is wrapping up his week-long Asian tour, which included visits to Vietnam and Indonesia, with a two-day stop in Singapore. During his visit, Cook announced plans to invest $250 million (approximately 1.81 billion yuan) to expand Apple’s existing campus in the city-state. In a statement, Cook expressed…
Apple’s China Clean Energy Fund Surpasses Goals with Over 1 Gigawatt of Renewable Projects
April 18, 2024 – Apple’s Managing Director for Greater China, Ge Yue, has announced that the China Clean Energy Fund has exceeded its targets, investing in the construction of over 1 gigawatt of wind and solar projects across China. Ge expressed Apple’s pride in collaborating closely with its suppliers to accelerate the development of renewable…