Toyota’s Market Value Jumps $20.9 Billion as it Aims to Double ROE to 20%
December 27, 2024 – Toyota Motor Corporation’s stock surged 8.78% at the close of the U.S. stock market on December 26th, resulting in a significant increase of $20.9 billion in market capitalization overnight. According to a report by Nikkei Asia on Wednesday, Toyota is striving to double its return on equity (ROE) target to 20%….
Microsoft and OpenAI Clash Over Cloud Collaboration and Revenue Sharing Terms
December 27, 2024 – According to recent reports from The Information, Microsoft and OpenAI are engaged in a dispute over the terms of their collaboration, with friction points primarily centering around their cloud computing transactions, revenue sharing, and intellectual property (IP) issues. It is alleged that since approximately October, Microsoft and OpenAI have been in…
EU Approves Subsidies for Diamond Foundry’s Spanish Wafer Factory, Targeting Production Launch Next Year
December 27, 2024 – The European Commission has approved an €81 million subsidy from the Spanish government for Diamond Foundry’s diamond wafer fabrication plant in Trujillo, western Spain, on the 16th local time. Diamond, praised by some as the “ultimate semiconductor material,” boasts exceptional material properties such as an ultra-wide bandgap, high carrier mobility, high…
Record-High CEO Departures in the US This Year: Over 1990 Executives Leave, Including Giants Like Intel and Boeing
December 27, 2024 – A report released by Challenger Gray, a US-based human resources consulting firm, revealed that the number of CEO departures in American companies has hit a record high this year. According to the data, as of November, a total of 1,991 CEOs have left their positions in 2024, surpassing the previous record…
Sony’s Acquisition of Naughty Dog Was Crucial for Studio’s Longevity
December 26, 2024 – Andrew Gavin, co-founder of Sony’s renowned first-party studio Naughty Dog, reflected on the studio’s journey in a LinkedIn post, highlighting the significance of the studio’s acquisition by Sony in 2001. According to Gavin, it was this acquisition that allowed Naughty Dog to thrive and continue producing innovative games despite escalating development…
EV Guru Andy Palmer Cautions Against Hybrid Detour, Urges Auto Industry to Embrace Pure Electric to Stay Ahead of China
December 26, 2024 – Andy Palmer, known as the “godfather of electric vehicles,” has issued a stark warning to automobile manufacturers considering abandoning electric vehicles in favor of hybrid cars. Palmer, who previously served as CEO of Aston Martin and held senior positions at Nissan, sat down for an interview with Business Insider where he…
Elon Musk Predicts: AI Intelligence to Surpass Single Human by Next Year, Entire Human Race by 2027/28
December 26, 2024 – Billionaire Elon Musk made a bold prediction about artificial intelligence on the 23rd, stating that it will soon surpass the intelligence of all humans. According to Musk, the development speed of AI is astonishing, yet humans have failed to recognize the profound impact of this transformation in a timely manner. He…
Apple’s Bezel-less Dream: Samsung and LG Leading the Charge in OLED Panel Development
December 26, 2024 – Reports have emerged today confirming that Samsung Display and LG Display are currently developing bezel-less OLED panels that meet Apple’s stringent requirements, with an expected completion date of late 2025. Apple had originally planned to introduce bezel-less OLED iPhones in 2025 and 2026, but there have been whispers that this ambitious…
Toyota Faces 10th Consecutive Month of Production Drop, But Sales Are on the Upswing
December 26, 2024 – Despite achieving global sales growth for the second consecutive month driven by strong demand in the United States and China, Toyota Motor Corporation reported a decline in its global production for the tenth straight month in November. The world’s largest automaker produced a total of 869,230 vehicles globally in November, representing…
Honda and Nissan to Finalize Merger Framework by January 2025
December 25, 2024 – Honda and Nissan Motor Company are planning to finalize the framework for a business merger by the end of January 2025, according to a report by Kyodo News Agency. The two automakers will focus their discussions on a soon-to-be-established merger preparation committee. Given that Honda’s market capitalization (7.56 trillion yen) significantly…