Finance
TSMC Chairman Declares: ‘We Are the World’s TSMC’
September 12, 2024 – In a recent internal letter to employees, TSMC Chairman Mark Liu emphasized that the company has evolved beyond being just “Taiwan’s TSMC” to being recognized globally. Liu urged the over 70,000 TSMC employees worldwide to communicate effectively with respect and inclusivity, encouraging them to “speak the truth” within the organization. In…
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…
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…
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…
EU Court Rules Against Apple, Orders 13 Billion Euro Tax Payment to Ireland
September 10, 2024 – The European Union’s highest court has recently ruled against Apple in a tax dispute case involving 13 billion euros, brought by the Irish government. In response to the verdict, Apple expressed disappointment, stating that EU regulators are attempting to retroactively change the rules. This dispute originated in August 2016, when the…
Cainiao Introduces ‘Two Euros Two-Day Delivery’ in Spain and Portugal, Supporting Local Chinese Merchants
September 09, 2024 – According to official news from Cainiao, the company has launched a two-day delivery economy logistics product for e-commerce packages covering the entire territory of Spain and Portugal. Cainiao explained that this offering encompasses end-to-end services from door-to-door pickup to final delivery in five major Spanish cities: Madrid, Barcelona, Valencia, Alicante, and…
Sony Lacks Adequate Original IPs, Says President Totoki
September 06, 2024 – Hiroki Totoki, the current President, Chief Operating Officer, Chief Financial Officer, and Chairman of SIE at Sony Group Corporation, has expressed concerns over the company’s lack of original IPs developed from scratch, which he believes puts them at a disadvantage compared to their competitors. In an interview with the Financial Times,…
Lenovo and Motorola Join Forces with F1: A New Era of Global Partnership
September 06, 2024 – Lenovo Group announced today that it has extended and upgraded its partnership with Formula 1 (F1) to the highest level. From early 2025, Lenovo will serve as both the Global Partner and Global Technology Partner of F1, while its subsidiary, Motorola, will become the Global Smartphone Partner of the racing giant….
Microsoft Hits Out at Apple’s ‘Unreasonable’ 30% App Store Fee, Claiming It Hinders iOS Profitability for Cloud Gaming
September 04, 2024 – The Competition and Markets Authority (CMA) in the UK has recently released responses received from various technology companies following its market investigation into the supply of mobile browsers and cloud gaming in the country. Among these responses, Microsoft has strongly criticized Apple for charging a 30% fee on in-app purchases made…