Keyword "ELC" - List of latest news (823 results)

03:43 Musk says Tesla's Optimus humanoid robots affected by China's export curbs on rare earths

Tesla CEO Elon Musk said on Tuesday that the production of its Optimus humanoid robots had been affected by China's export restrictions of rare earth magnets.

19:26 Google declined OpenAI bid for partnership, exec testifies at trial

Alphabet's Google shot down a bid by OpenAI to use its search technology within ChatGPT, an OpenAI executive testified on Tuesday at Google's antitrust trial in Washington.

22/04 Exclusive: LG, Samsung sue Indian government over electronic-waste pricing policy

South Korea's LG and Samsung have sued India's government to quash a policy which increases payouts to electronic-waste recyclers, court filings show, joining other major companies in contesting the country's environmental rules citing business impact.

21/04 China's CATL launches new sodium-ion battery brand

China's CATL on Monday launched a new brand for its sodium-ion batteries, Naxtra, which it said would go into mass production in December, and a second generation of its fast-charging battery for electric cars.

17/04 Cut shifts or ramp up output? Vietnam's exporters face dilemma amid tariff chaos

There has been a chaotic reaction by exporters in the Southeast Asian industrial hub.

17/04 Tesla quota in the electric vehicle market in California falls below 50%

Tesla Inc. no longer sells most new electric cars enrolled in California, the state that concentrates almost a third of all purchases of zero emission vehicles in the United States.

16/04 Chinese factory bids to keep exporting fun amid US trade war

Bin Zhang is in the business of fun, but his job has become less so because of U.S. President Donald Trump.

16/04 Trump orders tariff probe on all US critical mineral imports

U.S. President Donald Trump on Tuesday ordered a probe into potential new tariffs on all U.S. critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to directly rebuke industry leader China.

15/04 At China's largest trade fair, exporters say US markets are 'frozen'

Candice Li says that after Washington raised tariffs on Chinese goods by 145%, U.S. orders for the medical devices her firm is making have vanished.

15/04 South Korea unveils $23 billion support package for chips amid US tariff uncertainty

South Korea announced on Tuesday an increase in its support package for the country's vital semiconductor industry to 33 trillion won ($23.25 billion), up about a quarter from a 26 trillion won package unveiled last year.

14/04 Apple takes top spot for first-quarter smartphone sales, data shows

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed on Monday.

14/04 Taiwan tech supply chain stocks bounce back after Trump tariff exemptions

Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.

14/04 Japan's Nikkei trades higher as iPhone-related stocks jump

Japan's Nikkei share average traded higher early on Monday as iPhone-related shares jumped after the U.S. administration granted exclusions from steep tariffs on smartphones and other electronics imported largely from China.

13/04 Looser food standards off the menu in any US-UK trade deal, UK says

Britain will not relax its food safety standards as part of any deal to secure lower tariffs on its exports to the United States, business minister Jonathan Reynolds said on Sunday.

12/04 What Samsung and Vietnam stand to lose in Trump's tariff war

Samsung would face significant hit from US tariffs on Vietnam.

12/04 Volkswagen's Scania buys bankrupt Northvolt's heavy industry battery packs unit

Volkswagen's truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt's division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.

11/04 In a first, Taiwan charges Chinese ship captain with damaging undersea cables

Taiwan prosecutors on Friday for the first time charged a Chinese ship captain with intentionally damaging undersea cables off the island in February, after a rise in sea cable malfunctions alarmed Taiwan officials amid tensions with China.

11/04 Popular Audi SUV made in Mexico "inventible" by tariffs

The Audi Q5 is the best -selling vehicle of the German brand in the US is also an excellent example of how the reorganization of world trade by Donald Trump wreaks havoc on car manufacturers.

10/04 Intel CEO invested in hundreds of Chinese companies, some with military ties

Lip-Bu Tan, the man chosen to lead Intel, the U.S.'s largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army, according to a Reuters review of Chinese and U.S. corporate filings.

10/04 Apple airlifts 600 tons of iPhones from India 'to beat' Trump tariffs, sources say

About six cargo jets with a capacity of 100 tons each have flown out since March.

09/04 Has Trump cancelled Christmas? China's decorations makers report no US orders

Chinese producers of plastic Christmas trees and other festive decorations say orders from U.S. clients, which are crucial for their business, should have started to come in by now. But because of surging import tariffs, they haven't.

09/04 Exclusive: Apple supplier Luxshare weighs manufacturing in U.S. to tackle tariffs

Apple supplier Luxshare is in talks with customers on ways to respond to U.S. tariffs by shifting more production outside China, including the United States, its chairwoman told analysts in a telephone call on Wednesday.

09/04 Breakingviews - Chipmaking giants face triple tariff hit

Chipmakers will feel the heat of Donald Trump's tariff rampage. The exemption of semiconductors from the U.S. president's announced levies may not last. What's more, the blow to demand for phones and other consumer electronics will be painful for Taiwan Semiconductor Manufacturing , Samsung Electronics and peers. Surging costs also will disrupt their bold plans to set up factories in the U.S.

08/04 Exclusive: TSMC could face $1 billion or more fine from US probe, sources say

Taiwan Semiconductor Manufacturing could face a penalty of $1 billion or more to settle a U.S. export control investigation over a chip it made that ended up inside a Huawei AI processor, according to two people familiar with the matter.

08/04 Boeing deliveries in March jump by 41% compared to a year earlier 

Boeing delivered 41 jets in March, up from 29 during the same month a year ago, the company announced Tuesday, though the figure was slightly lower than the 45 handed over in January and 44 in February.

08/04 Saudi's Ma'aden weighs foreign partner for minerals processing pact

Saudi Arabia's flagship mining company Ma'aden is considering choosing at least one of four foreign firms to form a rare earths processing partnership, three sources with knowledge of the matter said, as the kingdom bids to become a global critical minerals hub.

08/04 Breakingviews - China will struggle to deal with its overcapacity

China’s exports will be squashed by Donald Trump’s tariffs, regardless of whether the U.S. president hits them with an extra 50% levy as he threatened on Monday. The problem for Beijing is that consumers in the People's Republic will need a lot more government support to absorb some of the slack.

08/04 Samsung sees Q1 profit beating estimates as looming tariffs spur chip, phone sales

Samsung Electronics on Tuesday flagged a much smaller-than-feared 0.2% fall in first-quarter operating profit, boosted by solid memory chip sales and strong smartphone demand, partly driven by customers concerned about U.S. tariffs.

07/04 Taiwan stocks plummet, exchange to take more stabilisation steps if needed

Taiwan stocks plummeted almost 10% on Monday in their first trading since U.S. President Donald Trump announced new import tariffs last week, with the head of the island's stock exchange saying it would roll out more stabilisation policies if needed.

07/04 Samsung Q1 profit to drop 21% on weak AI chip sales, foundry losses

Samsung Electronics is expected to forecast a 21% drop in the first quarter profit on Tuesday, hurt by sluggish sales of artificial intelligence chips and continued losses in its contract chip manufacturing business.

05/04 Foxconn reports record Q1 revenue, says it must closely watch global politics

Taiwan's Foxconn, the world's largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence products but said it would need to closely watch global politics.

03/04 France's Macron calls for suspension of investment in US after tariffs

French President Emmanuel Macron called on Thursday for European companies to suspend planned investment in the United States after U.S. President Donald Trump announced sweeping global tariffs on American imports.

03/04 A $2,300 Apple iPhone? Trump tariffs could make that happen.

Your favorite iPhone could soon become much pricier, thanks to tariffs.

03/04 Southeast Asia nations, hit particularly hard by US tariffs, prep for talks with Trump

Vietnam's government said on Thursday it would set up a task force and other Southeast Asian nations said they plan to seek talks with Washington as they reel from being hit with some of U.S. President Donald Trump's heftiest tariffs.

03/04 South Korea's acting President orders emergency measures over US tariffs

South Korea's acting President Han Duck-soo ordered emergency support measures for businesses that will be impacted by the imposition of U.S. tariffs, including automobiles, the industry ministry said on Thursday.

01/04 Samsung Elec appoints mobile chief as interim head of consumer and mobile division

Samsung Electronics appointed on Tuesday its mobile chief Roh Tae-moon as acting head of the company's consumer and mobiles business, following the death of his predecessor, Han Jong-Hee, a week ago.

01/04 Tesla car sales in France, Sweden drop to lowest first-quarter in four years

Tesla's sales in France and Sweden fell year-on-year for a third consecutive month in March, contributing to the lowest first-quarterly sales figures in the two countries since 2021 for Elon Musk's electric car brand, data showed on Tuesday.

31/03 Exclusive: White House weighs executive order to fast-track deep-sea mining, sources say

The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations.

31/03 Northvolt bankruptcy trustee secures agreement for scaled-down operation

Northvolt's bankruptcy trustee said on Monday it had reached an agreement in principle with key stakeholders in the electric vehicle battery maker for financial guarantees allowing the company to maintain a scaled-down continuation of operations.

27/03 SK Hynix says some customers brought forward orders ahead of US tariffs

South Korea's SK Hynix , the world's second-largest memory chipmaker, said on Thursday that some customers have brought forward orders in preparation for new U.S. tariffs.

26/03 'This is not the time to go it alone,' NATO's Rutte tells U.S. and Europe

NATO Secretary-General Mark Rutte warned the United States and Europe on Wednesday against any temptation to "go it alone" on security, amid increased tensions over the future of the transatlantic alliance and diverging views on Russia.

25/03 Tesla's February market share in Europe drops despite EV pickup

Tesla's market share in Europe continued to shrink year-on-year in February, data showed on Tuesday, as sales of the all-electric car maker dropped for a second consecutive month despite rising overall EV registrations on the continent.

25/03 Samsung Electronics co-CEO Han Jong-hee dies, leaving new appointee in charge

Samsung Electronics said on Tuesday that co-CEO Han Jong-hee had died of a heart attack, leaving newly-appointed boss Jun Young-hyun solely in charge of the tech giant as it revamps its underperforming chip business and navigates trade uncertainties.

20/03 Zelenski supports Trump's proposal for not attacking energy infrastructure

The president of Ukraine, Volodimir Zelenski, agreed to stop attacks against Russian energy assets, according to a person familiar with the situation, an initial step in the effort of the US president, Donald Trump, to end his three -year war.

18/03 Trump Vows to Authorize Coal-Fired Power to Counter China

US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorizing his administration to ramp up production of power from the fossil fuel.

11/03 Investors Learn Brutal Lesson From Sweden’s Wind Farm Woes

Located on a blustery plateau just south of the Arctic Circle in Sweden, Markbygden Ett became the crown jewel of Europe’s largest onshore wind development when it went online late last decade. Despite a long-term contract assumed to be safe, it became an expensive lesson in the dangers of making deals based on the predictability of energy prices — or the weather itself.

07/03 Nissan board to meet on March 11, discuss potential CEO successors, sources say

Nissan directors are due to gather on March 11 to discuss potential successors for CEO Makoto Uchida, whose position is seen as increasingly untenable given the Japanese automaker's weak performance, three people familiar with the matter said.

07/03 Who could be the next Nissan CEO after Uchida?

Nissan CEO Makoto Uchida is under deepening pressure over the Japanese automaker's weakening performance and board members are due to gather on March 11 to discuss potential successors, people familiar with the matter have said.

06/03 Intel defeats shareholder lawsuit over foundry losses, $32 billion plunge

Intel won the dismissal of a shareholder lawsuit accusing the chipmaker of fraudulently concealing problems in its foundry business, leading to job cuts and a dividend suspension that wiped out more than $32 billion of market value in one day.

05/03 Trump wants to kill $52.7 billion semiconductor chips subsidy law

President Donald Trump said on Tuesday U.S. lawmakers should get rid of a landmark 2022 bipartisan law to give $52.7 billion in subsidies for semiconductor chips manufacturing and production and use the proceeds to pay debt.

05/03 Sony, Suntory build U.S. stockpiles as Japan faces Trump tariff threat

Japanese electronics giant Sony and drinks maker Suntory are stockpiling inventory in the United States while their peers shift production or supply chains in efforts to fend off an evolving threat of U.S. tariffs on the export-reliant economy.

04/03 Exclusive: US and Ukraine prepare to sign minerals deal on Tuesday, sources say

Trump has told his advisers that he wants to announce the agreement in his address to Congress tonight, sources say, cautioning that the deal had yet to be signed and the situation could change.

27/02 Chile recovers from a blackout that left millions in the dark

Chile is recovering from a blackout that left 8 million homes without electricity and cut the supply to important copper mines, in its worst incident of this type in 15 years.

27/02 Economic concerns lead to crude in the US Back to US $ 60

The oil that quotes in New York stabilized after immersing itself again at the level of US $ 60 because an adverse economic panorama threatens energy demand perspectives and carries investors to avoid the most risky assets.

14/02 US Energy Minister: We are by no means going the path of Germany

According to the new Minister of Energy, the United States should stop the closure of coal -fired power plants, since these are indispensable for the country's energy supply in the coming decades.

30/01 Argentine energy sector boom dissipates fears about the strength of weight

The rise of the Argentine energy sector is relieving concerns that a strong weight harms efforts to strengthen currency reserves for the imminent debt payments.

27/01 Trump Seizes Wartime Powers in Battle for More Fossil Fuels

President Donald Trump’s declaration of an energy emergency opens the door to wield sweeping Cold War-era powers and little-known authorities to fast track pipelines, expand power grids and save struggling coal plants.

24/01 Dividend surge signals culture shift in China's markets

New shades of capitalism are emerging in China's tuckered out stock market as companies, at Beijing's behest, buy back their shares and pay record dividends to investors lying in wait for a so-far evasive rebound.

23/01 Focus: Behind $500 billion AI data center plan, US startups jockey with tech giants 

This week's announcement by President Donald Trump of a massive private-sector investment to build more AI data centers casts a spotlight on a relatively small and nimble class of cloud computing firms positioned to play a bigger role in the tech sector.

23/01 Exclusive: India watchdog faults probe of Foxconn hiring, orders new inquiry

India's powerful human rights watchdog has admonished labor officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show.

23/01 SK Hynix profit surpasses Samsung, but shares dip on lower memory chip demand

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

23/01 Samsung unveils AI smartphones with Qualcomm chips, teases slimmer Galaxy phones

Samsung Electronics on Wednesday unveiled its newest Galaxy S25 smartphones, powered by Qualcomm's chips and Google's artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals.

22/01 Trump's EV rollback not expected to suppress appetite for critical minerals

U.S. President Donald Trump's rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging global EV demand, analysts and industry leaders said.

21/01 Trump's anti-wind policy hits European companies

European wind shares fell on Tuesday after U.S. President Donald Trump axed support for new offshore wind power on his first day in office, adding to pain in an industry that had turned to the United States to help revive its fortunes.

21/01 Some Asian car and battery makers hit as Trump gets to work

Shares of Japanese automakers and South Korean battery makers declined on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration's executive order on electric vehicles.

20/01 FTSE 100 hits another record high, investors eye Trump policies

London's blue-chip FTSE 100 hit a record high on Monday for the second session in a row as investors awaited Donald Trump's return to the White House for fresh insights on his stance on tariffs and international relations.

20/01 Trump wants to roll back climate policy with an energy emergency: circles

To boost domestic energy production, US President-elect Donald Trump is expected to use emergency powers and attempt to reverse President Joe Biden's measures to combat climate change, according to informed sources.

20/01 Mugshot, khaki uniform and solitary cell for South Korea's detained President Yoon

South Korea's impeached President Yoon Suk Yeol has spent his first night incarcerated as a pre-trial inmate at the Seoul Detention Centre after a court issued a formal detention warrant on Sunday to hold him for up to 20 days.

16/01 US blacklists Chinese companies over TSMC chips in Huawei processor

The Biden administration added more than two dozen Chinese entities to a U.S. restricted trade list on Wednesday, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence processor.

15/01 GM signs supply deal with Vianode for synthetic graphite for EV batteries

General Motors has signed a multi-year, multi-billion dollar agreement for Norway's Vianode to provide the U.S. automaker with synthetic graphite anode materials for its electric vehicle batteries, the companies said on Wednesday.

14/01 Biden administration finalizes US crackdown on Chinese vehicles

President Joe Biden's outgoing administration is finalizing rules on Tuesday that will effectively bar nearly all Chinese cars and trucks from the U.S. market, as part of a crackdown on vehicle software and hardware from China.

13/01 Apple, Samsung smartphone shipments fall in fourth quarter as China competition bites, IDC says

Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from the International Data Corporation (IDC) on Monday.

09/01 Breakingviews - Altered states will rule in 2025: podcast

Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript.

09/01 Trump's tariff threat spurs auto suppliers to rethink production plans

Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against tariffs promised by President-elect Donald Trump, according to industry executives at CES in Las Vegas.

08/01 Northvolt owners vote to stay operating while seeking financial rescue

The owners of Northvolt voted to continue operations on Wednesday, the company said, while the Swedish electric vehicle battery maker scrambles to find new backers and funding in coming weeks.

08/01 Breakingviews - CATL’s $5 bln listing future-proofs enviable lead

The world's largest battery maker is determined to shore up its dominance. A planned Hong Kong listing for China's Contemporary Amperex Technology could raise up to $5 billion, according to IFR. The share sale would fund factories abroad. It would also insulate its war chest from global foreign exchange ructions.

08/01 Samsung Q4 profit outlook misses estimates by large margin as chip issues drag

Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia .

08/01 How Washington's tag on China's CATL could affect Tesla

Washington's addition of CATL to a list of firms it says work with China's military could put Tesla founder Elon Musk in a tight spot, challenging how he balances his role in the Trump administration with his ties to China.

07/01 Breakingviews - Cracks appear in China stocks' fragile bull case

The bull case for China's stocks is on its face compelling: firms in the People's Republic are undervalued and often enjoy higher cash flow and profitability relative to global peers. Some of the largest and most popular among global investors, such as tech group Tencent and battery maker Contemporary Amperex Technology (CATL) , just closed out 2024 with double-digit gains fuelled by hopes Beijing

07/01 Tesla supplier Panasonic Energy: cutting China supply 'No.1 objective' for U.S.

Tesla supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle batteries made in the United States, a senior executive told Reuters, calling the shift a "No.1 objective".

06/01 Chip firms surge on hopes of strong AI-led demand

Shares of chipmakers jumped on Monday as Microsoft's plan to invest $80 billion in AI-enabled data centers in fiscal 2025 spurred bets that semiconductor demand would remain strong.

06/01 US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military

The U.S. Defense Department said on Monday it has added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China's military.

05/01 Saudi bourse falls on profit taking; Egypt extends gains

Saudi Arabia's stock market closed lower on Sunday, ending five sessions of gains as investors booked profits, while the Egyptian index extended gains for a second session.

03/01 SpaceX's Starship to deploy mock satellites in next test

Elon Musk's SpaceX said on Friday its upcoming Starship test flight would include the rocket's first attempt to deploy payloads in space by releasing 10 model Starlink satellites, a key demonstration for Starship's potential in the satellite launch market.

02/01 German electricity prices fall below zero at the start of the new year

Electricity prices in Germany fell below zero on the first trading day of the year. With the expansion of renewable energies in Europe, this phenomenon is becoming more and more common.

01/01 Concerns about Europe's energy security grow - Suspension of Russian gas supply via Ukraine

The supply of Russian natural gas to Europe via Ukraine has been suspended. Concerns about Europe's energy security are growing as the pace of depletion of gas stocks accelerates.

31/12 Samsung Electronics becomes largest shareholder of South Korea's Rainbow Robotics

Samsung Electronics became the largest shareholder of South Korea's Rainbow Robotics , the robotics company said in a regulatory filing on Tuesday.

30/12 Breakingviews - Smart glasses give tech giants dangerous FOMO

Smart glasses will come into focus in 2025. Meta’s collaboration with EssilorLuxottica has become a bestseller in most Ray-Ban stores across Europe, the Middle East and Africa, with total sales topping 1 million units, according to Counterpoint Research. Early success has emboldened rivals to develop their own specs.

29/12 Experts question bird strike as cause of deadly South Korean airliner crash

Uncertainties surround the deadliest crash on South Korean soil, experts said on Sunday, questioning initial suggestions that a bird strike might have brought down Jeju Air flight 7C2216.

27/12 China's CATL to seek Hong Kong listing

Chinese battery manufacturer CATL said on Thursday it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed.

24/12 China's CATL launches EV chassis, flagging safety as top selling point

China's CATL , the world's largest electric vehicle battery maker, on Tuesday launched a new EV chassis that it says can withstand a 120-kph (75-mph) frontal impact without catching fire or exploding, as it touts safety as a key selling point.

24/12 Breakingviews - India’s green power producers will get a shakeout

Dealmaking is coming for India’s renewable energy industry in 2025. More than a dozen generators of wind and solar power are looking for new owners as private equity-style firms like Brookfield Asset Management, as well as industry players like Siemens and Enel, look for an exit. Despite New Delhi’s target of renewables providing half the country’s electricity by 2030, success isn’t assured.

23/12 Honda, Nissan set to announce launch of integration talks, sources say

Honda and Nissan are expected on Monday to announce the start of business integration talks, two people familiar with the matter told Reuters, as the carmakers strive to survive a rapidly changing industry landscape.

21/12 US finalizes up to $6.75 billion in chips awards for Samsung, Texas Instruments, Amkor

The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chip production.

20/12 Battery maker Northvolt makes progress toward longer-term bankruptcy financing

Swedish electric-vehicle battery maker Northvolt said on Friday it expects to line up additional bankruptcy financing by late January after engaging with over 100 lenders and potential investors.

20/12 After Northvolt, Europe's battery hopes rely heavily on China

Northvolt's financial collapse has not entirely crushed Europe's dream of developing its own electric vehicle batteries but fulfilling it is likely to require Chinese cash and expertise.

19/12 Breakingviews - Brick phones will ring in an unlikely revival

Smartphone makers will soon face an unlikely competitor. Concerns about the impact of social media are driving demand for old-school Nokia brick-like handsets, now known as feature phones. If Apple and Samsung don’t find a way of selling safer versions, they may lose out.

18/12 CATL says it has co-developed 10 new EV models with swappable batteries

CATL said on Wednesday it had co-developed 10 new electric vehicle models with automakers that use swappable batteries, as the Chinese battery giant seeks to lead a trend it says will replace a third of gasoline stations in China.

18/12 Kioxia's shares surge in debut, valuing Japan chipmaker at $5.8 bln

Shares of Kioxia soared 14% in their market debut on Wednesday, valuing the Bain-backed chipmaker at more than 890 billion yen ($5.80 billion) and highlighting strong investor demand for the third biggest IPO in Japan this year.

18/12 Japan's Space One Kairos rocket fails minutes after liftoff

Space One aborted its second bid to become the country's first company to deliver a satellite to the Earth's orbit.

17/12 US Lawmakers May Include Ethanol Measure in Spending Bill

US ethanol producers may be on the brink of getting the green light from Congress to sell higher blends of their corn-based biofuel nationwide, a long-elusive goal that the industry considers crucial to its future.

16/12 Breakingviews - US-China tech war will hold Asian allies hostage

China will turn Washington’s technology weapons on its Asian neighbours in 2025. U.S. curbs on imports of semiconductors and other goods have hobbled advances in artificial intelligence in the world’s second-largest economy. The People’s Republic is starting to retaliate. Its leverage over corporate giants in Japan and South Korea makes them prime hostage targets.

13/12 Exclusive: Singapore, Vietnam firms in talks for new undersea cables, sources say

Singaporean asset manager Keppel and Vietnamese conglomerate Sovico Group are discussing plans for new undersea fiber-optic cables that would boost the region's data centre industry, people familiar with the discussions said.

12/12 Rio Tinto to spend $2.5 billion to expand Argentina lithium project capacity

Rio Tinto said on Thursday it plans to invest $2.5 billion to ramp up production capacity at the miner's Rincon lithium project in Argentina.

12/12 South Korea's tourism, soft power gains, at risk from extended political crisis

From plastic surgery clinics to tour firms and hotel chains, South Korea's hospitality sector is wary of the potential impact of a protracted political crisis, as some overseas travellers cancel trips following last week's brief bout of martial law.

11/12 Synopsys offers to sell two assets in bid for EU okay for $35 bln Ansys deal, sources say

Chip design software company Synopsys has offered to sell an Ansys unit on top of one of its own in a bid to win EU approval for its $35 billion acquisition of the chip design software company, three people with direct knowledge of the matter said.

11/12 Stocks cheered Trump's victory, but tariffs bring unknowns to 2025

The U.S. stock market welcomed Donald Trump's victory in the 2024 presidential election, but turbulence may lie ahead if the president-elect makes good on his tariff threats.

11/12 Nippon Life to buy Resolution Life in $8.2 billion deal

Nippon Life Insurance (NPNLI.UL) said on Wednesday it plans to acquire all the shares it does not own in Resolution Life Group Holdings for about $8.2 billion as it pursues growth in the U.S. market.

10/12 How the world could unplug from China’s batteries: podcast

International cell makers are struggling to compete with Chinese giants like CATL. But innovations like solid-state batteries could upend the industry in the not-too-distant future. In this week’s episode of The Big View podcast, QuantumScape CEO Siva Sivaram explains how.

10/12 Stellantis, China's CATL to invest $4.33 bln in EV battery factory in Spain

Stellantis and Chinese battery maker CATL will invest 4.1 billion euros ($4.33 billion) in a factory making electric vehicle batteries in Zaragoza in northern Spain, they said in a statement on Tuesday.

10/12 Lithium supply surplus set to stay with battery makers' help

Many lithium mines, led by Chinese operators, are maintaining production of the raw material needed for electric vehicle (EV) batteries, in defiance of prices weak enough to trigger mass output cuts - providing a boon for battery makers.

09/12 Europe's Maiaspace steps up effort to counter SpaceX with reusable rocket

In a discreet forest clearing on a plateau above the town of Vernon in Normandy, France, workers adjust a steel cylinder held under giant red claws - part of a reusable rocket that Europe hopes will slow the meteoric rise of Elon Musk's SpaceX.

09/12 India antitrust body seeks Supreme Court hearing to expedite Amazon, Flipkart cases

India's antitrust body has asked the Supreme Court to hear legal challenges to an investigation of Amazon and Walmart's Flipkart e-commerce platforms, saying those challenges, filed by Samsung, Vivo and others at Indian high courts, were aiming to scuttle the probe.

09/12 To Europe's economic malaise, add a leadership void

France and Germany's political crises are a setback for efforts to modernise Europe's struggling economy and are already making it harder for companies to take the investment decisions they need to compete globally.

06/12 Mexico doing all it can to protect trade agreement with US, Canada, official says

Mexico is doing everything it can to protect a regional trade agreement with the U.S. and Canada, the Latin American nation's deputy economy minister said in an interview published on Friday.

06/12 Exclusive: Trump may cancel US Postal Service electric mail truck contract, sources say

Donald Trump's transition team is considering canceling the United States Postal Service's contracts to electrify its delivery fleet, as part of a broader suite of executive orders targeting electric vehicles, according to three sources familiar with the plans.

06/12 Vietnam's soaring US trade surplus stokes new fears of Trump tariffs

Vietnam is vulnerable to becoming the new Trump administration's next target for tariffs as data shows its trade surplus with the United States ballooning, industry executives and analysts said.

05/12 Breakingviews - Japan’s virtuous M&A circle starts with 7-Eleven

The battle for control of Japan’s Seven & i is being cheered in Tokyo as evidence of improving efficiencies of the world’s third-largest economy. Officials can hasten a virtuous circle of dealmaking if they make the right next moves.

05/12 Meta seeks new nuclear reactors for US data centers

Meta Platforms is seeking up to 4 gigawatts of new nuclear power as the company seeks a reliable source of electricity for its data centers.

04/12 Airbus cuts 2,000 Defence and Space jobs, taming earlier plans

Airbus announced just over 2,000 job cuts in Defence and Space, or about 5% of its second-largest division, as it reels from U.S. competition in the satellites sector but the cuts were not as severe as the European group had first warned.

04/12 Breakingviews - South Korea curveball adds new 2025 risks

An abortive coup in South Korea was probably not on anyone's bingo card for 2024. Great Power tensions have tended to dominate. Enter President Yoon Suk Yeol, who shocked the world by declaring martial law on Tuesday night, only to make an embarrassing U-turn just hours later after both his own and opposition parties forced their way into parliament to vote down his decree. The crisis in the $2 tr

04/12 ETFs tracking securitized debt, AI and Novo Nordisk add to industry’s banner 2024

Three separate asset management firms launched exchange-traded funds on Tuesday, unveiling products focused on securitized debt, the artificial intelligence industry and Ozempic-maker Novo Nordisk in the closing weeks of a year that has seen a deluge of new funds.

04/12 South Korea vows unlimited liquidity after political turmoil; BOK meets

South Korea's finance ministry said on Wednesday it is ready to deploy "unlimited" liquidity into financial markets if needed after President Yoon Suk Yeol lifted a martial law declaration he imposed overnight that pushed the won to multi-year lows.

03/12 Breakingviews - Bain's Japan chip IPO is a tough sell

Bain Capital has a tricky job on its hands. The private equity firm is set to list Japanese memory-chip maker Kioxia six years after leading its bold carve-out from Toshiba. Trouble is, it means poor returns for the sellers. And Kioxia's crippling debt pile may put off potential new investors.

03/12 US targets China's chip industry with new restrictions

The United States on Monday launched its third big crackdown in three years on China's semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group , among other moves.

02/12 Exclusive: Latest US strike on China's chips hits semiconductor toolmakers

The US will launch its third crackdown in three years on China's semiconductor industry on Monday, restricting exports to 140 companies.

27/11 Exclusive: China's Hesai to halve lidar prices next year, sees wide adoption in electric cars

China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of its key product by half next year which should lead to far wider adoption of the technology in electric cars.

27/11 FAA will not require immediate 737 MAX engine action after bird strikes

The Federal Aviation Administration said on Tuesday it will not require any immediate action after convening a review board to consider concerns about Boeing 737 MAX engines after two bird strike incidents on Southwest Airlines planes in 2023.

27/11 Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Taiwan’s Foxconn said on Wednesday it expects any impact of new tariffs from U.S. President-elect Donald Trump to hit it less than its rivals, citing its global manufacturing footprint.

27/11 Samsung Electronics replaces chip business heads, CFO in sweeping reshuffle

Samsung Electronics on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix and Taiwan's TSMC in the booming AI chip market.

26/11 Investors say they know how to trade Trump 2.0

Investors dusted off their trade war playbooks on Tuesday, confident their portfolios were better-prepared for Donald Trump this time after the U.S. President-elect took to social media and pledged new tariffs on Mexico, Canada and China.

26/11 Trump's tariff pledge spells trouble for auto and tech companies

President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico and China - detailing how he will implement campaign promises that could trigger trade wars.

25/11 Volkswagen has taken major writedown on Northvolt stake, sources say

Volkswagen , Northvolt's top shareholder, has significantly written down its 21% stake in the Swedish battery cells maker that filed for bankruptcy protection in the United States last week, two people familiar with the matter said.

25/11 South Korea prosecutors seek 5-yr jail term for Samsung Elec chief in appeals case

South Korean prosecutors requested on Monday a five-year jail term for Samsung Electronics Chairman Jay Y. Lee over actions in a controversial merger of affiliates that helped solidify his control in a case being tried at an appeals court.

23/11 Goldman funds to take $900 million hit on Northvolt, FT reports

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's Financial Times reported on Saturday.

22/11 Samsung ordered to pay $118 million for infringing Netlist patents

A federal jury in Marshall, Texas, on Friday awarded computer memory company Netlist $118 million in damages from Samsung Electronics in a patent lawsuit over technology for improving data processing in high-performance memory products.

22/11 Northvolt crisis may be make or break for Europe's EV battery ambitions

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars, stirring a debate about whether it needs to do more to attract investment as startups struggle to catch up with Chinese rivals.

22/11 Companies invest in EV battery factories in Europe

Northvolt, the Swedish maker of battery cells for electric vehicles, on Thursday filed for Chapter 11 bankruptcy protection in the U.S., in a blow to European hopes of building a home-grown EV battery industry to compete with China.

22/11 China's Xi visits Morocco, meets with crown prince

Chinese President Xi Jinping made a short visit to Morocco on Thursday, according to state media from both countries.

22/11 Northvolt CEO steps down after company files for bankruptcy

Northvolt's CEO Peter Carlsson is stepping down, the Swedish maker of battery cells for electric vehicles said on Friday, one day after the group filed for U.S. Chapter 11 bankruptcy protection.

22/11 Canada will not offer additional funding to Northvolt, government source says

Canada does not plan to invest anymore in Swedish electric-vehicle battery maker Northvolt in light of its bankruptcy filing in the United States on Thursday, a Canadian government source said.

21/11 Northvolt files for Chapter 11 bankruptcy in US, secures financing

Northvolt, the Swedish maker of battery cells for electric vehicles, said on Thursday it has filed for Chapter 11 bankruptcy protection in the U.S., and said it has secured $100 million in new financing for the process.

21/11 Honda hopes to double EV driving range with solid-state batteries, R&D chief says

Honda Motor aims to double the driving range of its electric cars by the late 2020s when they start to adopt all-solid-state batteries, a new type of power source under development, the head of its research unit said on Wednesday.

20/11 China's cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth following into market segments sheltered from tariffs and likely to ride an eventual economic recovery.

19/11 Tesla plant protesters hold out in trees as German police clear camp

Protesters opposed to Tesla's expansion of its plant near Berlin were holding out in treehouses on Tuesday as German police climbed up ladders and cut down rope structures in an attempt to clear their forested camp.

19/11 Airbus CEO says CFM engine supplies achievable, but tight

Airbus CEO Guillaume Faury said on Tuesday that it could potentially ease an engine supply bottleneck and meet year-end targets, telling Reuters that CFM International should be able to supply enough units but it would be "very tight".

19/11 Sweden has no plan to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in battery maker Northvolt, Sweden's Minister for Energy, Business and Industry and Deputy Prime Minister Ebba Busch told Reuters on Tuesday.

19/11 Nvidia’s growing cash hoard points to M&A

Nvidia is making so much money that founder Jensen Huang doesn’t know what to do with it all. The $3.6 trillion chip designer is spending more on dividends and buybacks, but its cash pile is still growing, doubling over the past year to $35 billion amid a frenzy for the company’s artificial-intelligence chip designs. Combined with Huang’s prodigious ambition and a more lenient antitrust stance und

18/11 Breakingviews - Nvidia’s growing cash hoard points to M&A

Nvidia is making so much money that founder Jensen Huang doesn’t know what to do with it all. The $3.6 trillion chip designer is spending more on dividends and buybacks, but its cash pile is still growing, doubling over the past year to $35 billion amid a frenzy for the company’s artificial-intelligence chip designs. Combined with Huang’s prodigious ambition and a more lenient antitrust stance und

18/11 Exclusive: Crisis-hit EV battery champion Northvolt struggles to hit production targets

Embattled green tech player Northvolt has missed some in-house targets and has curtailed production at its battery cells plant in northern Sweden, according to internal company documents and company sources, underscoring the challenge of ramping up output.

18/11 Foxconn tells India recruiters: Nix marital status in iPhone job ads

The Apple supplier has ordered hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer's name in job advertisements.

17/11 Tata seals deal with Pegatron for iPhone plant in India's Tamil Nadu, sources say

India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters.

15/11 Samsung Electronics plans $7.2 bln buyback to boost shareholder value

Samsung Electronics plans to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, it said in a regulatory filing submitted after the market closed on Friday.

15/11 US finalizes $6.6 billion chips award for TSMC ahead of Trump return

The U.S. Commerce Department said Friday it has finalized a $6.6 billion government subsidy for Taiwan Semiconductor Manufacturing Co's U.S. unit for semiconductor production in Phoenix, Arizona.

14/11 Samsung Electronics says it reaches preliminary wage deal with union

Union members will vote on the deal for one week.

14/11 Kansai Electric stock drops by the largest ever, unwilling to increase capital by over 500 billion yen - Electric power industry ranks first in terms of decline

Kansai Electric Power's stock price recorded the largest decline in history. The company's announcement on the 13th that it would raise up to 504.9 billion yen through a public offering, etc., has led to intensified selling amid concerns about dilution of shareholder value and increased selling pressure in the future.

14/11 Police arrest 43, seize 520 million euros in Europe-wide probe into mafia and tax evasion

Police across Europe arrested 43 people and seized 520 million euros ($547 million) in a European investigation into a criminal conspiracy to evade VAT through money laundering and mafia activity, the European public prosecutors' office (EPPO)and Italian police said on Thursday.

13/11 China's CATL pushes beyond batteries into power grids, EV platforms

Robin Zeng, the billionaire founder of CATL , aims to reinvent the world’s largest battery maker as a green-energy provider and to slash the cost of developing electric vehicles, upending the economics of the industry that has powered its growth.

13/11 Exclusive: China battery giant CATL would build US plant if Trump allows it

CATL , the world's top battery maker, will consider building a U.S. plant if President-elect Donald Trump opens the door to Chinese investment in the electric-vehicle supply chain, the company's founder and chairman, Robin Zeng, told Reuters.

13/11 Samsung Electronics shares hit lowest in more than four years

Shares in Samsung Electronics extended declines to a fourth straight session on Wednesday, hitting their lowest level in more than four years.

12/11 South Korea ruling party seeks to aid chipmakers to avert Trump threat

South Korea's ruling party introduced legislation on Monday to give chipmakers subsidies and an exemption from a national cap on working hours, to tackle potential risks from measures threatened by incoming U.S. President Donald Trump.

07/11 Exclusive: Washington seals $475 million loan for battery recycler Li-Cycle ahead of Trump's arrival

The U.S. Department of Energy on Thursday finalized a $475 million loan for Li-Cycle Holdings , giving the metals recycler a financial lifeline to build a New York battery processing facility seen as key to outgoing President Joe Biden's vision for a domestic electric vehicle supply chain.

07/11 What Trump's 2024 election win means for Asian companies

Donald Trump has been elected U.S. president, capping a remarkable comeback four years after he was voted out of the White House.

07/11 South Dakota Is Set to Pull Pipeline Law in Blow for US Ethanol

A proposed $8.9-billion carbon-capture pipeline that has polarized the US Corn Belt has hit another setback in the critical state of South Dakota.

07/11 Automakers brace for new tariffs, EV changes under Trump presidency

Automakers are bracing for President-elect Donald Trump to impose new tariffs on vehicles from Mexico and potentially from other countries and to reverse many existing pro-electric vehicle policies, industry associations and executives said.

06/11 Qualcomm forecasts beats estimates, shares jump 8.5%

Chip designer Qualcomm on Wednesday forecast sales and profit in the current quarter would exceed Wall Street estimates as the company benefits a wave of launches of flagship Chinese smartphones, and its shares rose 8.5% in extended trading.

06/11 Five things to know to start your day

Stock futures fluctuated on expectations of the US presidential election; Bitcoin ETFs record their highest daily outflow; and the strike at Boeing ends.

05/11 After SpaceX's requests, Taiwanese suppliers move manufacturing abroad, sources say

Elon Musk's SpaceX asked Taiwanese suppliers to transfer manufacturing off the island, leading to some relocating portions of their supply chain, according to sources employed by and close to the equipment makers and corporate documents.

04/11 Breakingviews - German M&A flurry is powered by lasting tailwinds

The titans of German industry are shedding their old clothes in favour of new ones. Whether that helps the country’s ailing economy is up for debate. But it certainly bodes well for dealmaking.

04/11 Schneider Electric replaces CEO to accelerate strategy execution

Schneider Electric has ousted CEO Peter Herweck with immediate effect, the French industrials giant said on Monday, citing issues with his execution of the company's strategy.

04/11 Breakingviews - China consumer is epitome of delayed gratification

Chinese policymakers have been talking about rebalancing the economy from investment and exports towards consumption for more than two decades. Yet as President Xi Jinping’s austerity campaign and a crackdown on consumer finance have shown, a collectivist approach to economic planning is hard to square with free-spirited spending. Recent stimulus policies suggest that Beijing is not that keen on d

01/11 Staff at US voting machine firms prep for doxxing, misinformation and 'swatting'

Staff at U.S. voting machine companies have removed public information about themselves from the internet and have made contingency plans with local law enforcement ahead of the 2024 election, after suffering harassment in 2020, according to industry representatives.

01/11 Indonesia bans sales of Google phones days after blocking Apple's iPhone 16

Indonesia said it has banned sales of smartphones made by Alphabet's Google due to rules requiring the use of locally manufactured components, days after blocking sales of tech giant Apple's iPhone 16 for the same reason.

31/10 Breakingviews - Siemens AI deal is baby step to higher share price

Siemens CEO Roland Busch is taking a small step towards a higher share price. The German trains-to-robots group is buying simulation-software maker Altair Engineering for $10 billion, after netting off cash. The rich transaction will take years to pay off. But if Busch can use the deal as a trigger to turn $155 billion Siemens into a much simpler company, he might one day earn a higher valuation.

31/10 Samsung posts weaker profit recovery as it misses out on AI boom

Samsung Electronics said its third-quarter profit jumped from a year earlier, but the pace of recovery weakened from the prior quarter as it struggles to cash in on the AI boom that has benefited chip rivals like TSMC and SK Hynix .

30/10 Siemens to buy engineering software firm Altair for $10.6 bln

Siemens will buy Altair Engineering for $10.6 billion, the American engineering software firm said on Wednesday, as it seeks to strengthen its presence in the fast-growing industrial software market.

29/10 China detains South Korean on suspicion of espionage

China confirmed on Tuesday the detention of a South Korean citizen suspected of espionage, saying it had advised embassy officials, but without identifying the individual or detailing the charges.

29/10 Apple supplier TDK partners with McLaren Racing in EV push

Apple supplier TDK has partnered with McLaren Racing in Formula E electric motor racing as the Japanese components manufacturer targets expansion in the electric vehicle sector.

28/10 Harris campaigns in Michigan, Trump in Georgia in final stretch of White House race

Vice President Kamala Harris travels to Michigan on Monday to focus on the economy, while former President Donald Trump heads to Georgia to shore up support among religious voters, as the two enter the final stretch of the 2024 campaign for the White House.

24/10 Argentina's lithium hunters scale back as EV shift slows

The Argentine salt flats in South America's "lithium triangle" have been one of the busiest sites for ventures racing to extract the battery metal needed to power the global shift to electric vehicles. Now firms are hitting the brakes.

24/10 Nvidia supplier SK Hynix posts record Q3 profit, beats forecasts

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of its advanced chips such as high bandwidth memory (HBM) ones used in generative AI chipsets.

23/10 General Dynamics' revenue rise on defense, but profits hit by bizjet deliveries

General Dynamics reported a more than 10% rise in third-quarter revenue on Wednesday, driven by strength in its defense unit, but fewer business jet deliveries hurt company profits.

23/10 Tokyo Metro shares jump a third in market debut

Shares in Tokyo Metro jumped 36% in their Tokyo market debut on Wednesday after an initial public offering proved popular among investors.

23/10 Focus: China's exporters run for cover as US election nears

If Donald Trump wins next month's U.S. presidential election, Mike Sagan's toy-making company will halve its China supply chain within a year.

22/10 GE Aerospace raises 2024 profit forecast on strong demand for aftermarket services

GE Aerospace raised its full-year profit forecast for the third time this year on Tuesday, driven by strong demand for aftermarket services from airlines that are relying on older planes to make up for the shortage of newer aircraft.

21/10 Exclusive: Mexico's new government mulls tax incentives to lure foreign companies

Mexico is considering tax credits to attract foreign firms to invest and produce domestically, targeted at electric vehicle (EV), semiconductor, rare earth minerals, battery and electronics sectors, a top Mexican trade official said in an interview.

26/09 Kamala Harris Turns Biden's $493 Billion Climate Legacy Into a Footnote

Clean-energy investment wave puts US on cusp of change, but Harris is downplaying it in her presidential campaign with eye on Pennsylvania.

21/09 Three Mile nuclear power plant to be revived, Microsoft purchases power due to AI demand

The Three Mile Island nuclear power plant in the United States begins restarting operations. Behind this is the demand for electricity to support the artificial intelligence (AI) boom. Constellation Energy, which owns the plant, will spend $1.6 billion to restart it and sell all the carbon-free electricity it produces to Microsoft.

11/09 Exclusive: Samsung Electronics plans global job cuts of up to 30% in some divisions

Samsung Electronics , the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters.

11/09 Factories in Vietnam's export hubs face weeks of disruption after typhoon

Typhoon Yagi caused severe damage to many factories and flooded warehouses in northern Vietnam's export-oriented industrial hubs, with some shuttered plants expected to need weeks to return to full operation, executives said.

11/09 How AI features of iPhone and rival smartphones stack up

Apple unveiled a raft of AI-powered features for its latest iPhone 16 lineup at an event on Monday, as global smartphone makers turn to generative AI to encourage customers to upgrade.

11/09 Samsung India workers ramp up wage protests as strike enters third day

Hundreds of workers at Samsung Electronics' southern India plant boycotted work for a third day on Wednesday to demand better wages and working conditions, disrupting output at a consumer electronics facility key for the global tech giant.

10/09 Airbus CEO upbeat on new engine technology, but says jury still out

The head of European planemaker Airbus said novel open-rotor technology being tested by engine maker CFM International offers promising efficiencies and reductions in emissions but the "jury is out" on whether it will be commercially viable.

10/09 Mercedes teams up with Factorial to develop solid-state batteries

Mercedes-Benz and U.S. battery startup Factorial are working on a solid-state battery that should dramatically increase electric vehicle range and be ready for production by the end of the decade, the companies said on Tuesday.

10/09 South Korea antitrust regulator probes Mercedes-Benz local unit, says official

South Korea's antitrust regulator has launched a probe into the local unit of Mercedes-Benz, an official at the Korea Fair Trade Commission (KFTC) said on Tuesday, without elaborating.

10/09 Workers strike at Samsung India plant enters day 2, production to be hit

Hundreds of Samsung Electronics employees went on a strike at a plant in southern India for a second day on Tuesday to demand higher wages, disrupting operations at the South Korean giant.

10/09 Huawei teases tri-fold smartphone, raising competition with Apple in China

China's Huawei Technologies (HWT.UL) unveils a three-way foldable phone on Tuesday, as it seeks to widen its lead over Apple in the world's biggest smartphone market with a new form factor that has gained popularity in the China market.

09/09 US House votes to bar new DJI drones as 'China week' gets underway

The U.S. House of Representatives voted on Monday to bar new drones from Chinese drone manufacturer DJI from operating in the United States, one of a series of measures aimed at China that lawmakers are considering this week.

06/09 Volkswagen's German battery plant to stay at half capacity amid cost pressures

Volkswagen's PowerCo battery subsidiary will build just one of two planned production lines at its Salzgitter plant in Germany for now, its works council said, as the sector adjusts to slowing demand for electric vehicles.

06/09 Breakingviews - China’s global battery ram will be hard to stop

China’s electric cars have zoomed into a new era of battery-powered driving. Now models such as BYD’s Seal and Great Wall Motor’s Funky Cat face an international backlash. The U.S. is quadrupling duties on imports of electric vehicles from the People’s Republic to more than 100%, while the European Union is lifting total tariffs close to 50% for some marques. The Chinese-made batteries that power

05/09 Piedmont Lithium pulls US government loan application as prices slump

Piedmont Lithium has pulled its application for a debt package from a popular U.S. government loan program and is scaling back ambitious expansion plans across two continents, as tumbling prices of the electric vehicle battery metal force the U.S. miner to conserve cash.

02/09 Trump 'has a lot on his plate', misunderstands Taiwan's chip role, minister says

Former U.S. President Donald Trump "has a lot on his plate" and misunderstands Taiwan's role in the semiconductor industry, possibly because others have misinformed him, the island's Economy Minister Kuo Jyh-huei said on Monday.

02/09 Safran buys AI firm Preligens for 220 million euros

French jet engine maker Safran said on Monday it had struck a deal to buy AI firm Preligens for 220 million euros ($243.3 million).

02/09 Vattenfall halts Swedish offshore wind project over grid concerns

Vattenfall said on Monday it had paused construction of Sweden's Kriegers Flak offshore wind project as a lack of clarity on how it will connect to the national grid made it unprofitable.

29/08 Rio Tinto, BYD and LG Energy eligible for Chile's Altoandinos lithium project

Mining giant Rio Tinto and Chinese EV-maker BYD are among the six companies eligible to proceed with proposals to develop a lithium project in Chile's Altoandinos salt flats, state-run mining company ENAMI said on Thursday.

29/08 Wary of Trump, US minerals projects rush to close government loans

U.S. miners and battery recyclers are rushing to close government loans worth billions of dollars before January out of concern that former President Donald Trump would, if reelected, block funding needed to boost American output of critical minerals for the energy transition.

29/08 Asian firms' earnings outlook improves as chip sector shines

A key Asia stock index has gained its biggest lift in earnings projections in more than three years, as the region's semiconductor firms benefit from the boom in generative artificial intelligence.

28/08 Hyundai Motor targets 30% rise in sales by 2030 as it doubles hybrid lineup

Hyundai Motor said on Wednesday it was targeting annual global sales of 5.55 million vehicles by 2030, up 30% from 2023, as it plans to double its hybrid lineup to counter a slowdown in global electric vehicle demand.

27/08 High-tech manufacturing spurs China's July industrial profit growth

China's industrial profits grew faster in July buoyed by high-tech manufacturing, even as sluggish domestic demand weighed on the recovery in the world's second-largest economy.

26/08 China robots conference spotlights the changing face of humanoids

As China seeks to race ahead in humanoid robot development, its supply chains showcased cheaper and innovative parts at the world robot conference in Beijing, but some executives warn the industry has yet to improve product reliability.

25/08 South Korea to advance EV battery certification scheme after fires

South Korea's government and ruling party have agreed to move up an electric vehicle battery certification programme, the party said on Sunday, as authorities seek to alleviate public safety concerns after a series of fires involving EVs.

23/08 India's silver imports to double on demand for solar, investment

India's silver imports are on course to nearly double this year due to rising demand from solar panel and electronics makers, and as investors bet the metal will give better returns than gold, leading importers said on Friday.

23/08 China's robot makers chase Tesla to deliver humanoid workers

China dominates the market for electric vehicles. Now it's chasing Tesla in the race to build battery-powered humanoids expected to replace human workers building EVs on assembly lines.

20/08 Tech Spotlight: Daily Tech News

South Korean AI chipmakers Rebellions Inc and Sapeon Korea Inc have finalized a merger, aiming to...

17/08 Foxconn chief defends India hiring after report that it rejects married women

Reuters reported in June that Foxconn systematically excluded married women from jobs at its main India iPhone assembly plant.

15/08 South Korean alarm over EV fires puts spotlight on safety concerns

South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that took eight hours to put out.

14/08 Decentralized AI network Sahara raises fresh capital in Samsung-backed round

Sahara AI, a startup integrating the blockchain and artificial intelligence, said on Wednesday it raised $43 million in a funding round led by venture capital investors Pantera Capital, Binance Labs and Polychain Capital.

14/08 Apple supplier Foxconn's Q2 profit rises 6% on year, beats forecasts

Apple supplier Foxconn reported on Wednesday a 6% rise in second-quarter net profit, driven by strong AI server demand.

14/08 Shunning home markets, South Korean retailers pile-up on US stocks

South Korea's mom-and-pop investors are defying last week's global financial markets rout by pouring even more funds into U.S. stocks, a years-long trend that analysts and investors bet will continue due to the depressed value proposition at home.

13/08 South Korea to advise automakers to disclose battery information in EVs

South Korea will advise automakers operating in the country to identify batteries used in their electric vehicles, a government statement said on Tuesday, as authorities seek to calm public safety concerns after a series of fires involving EVs.

13/08 Breakingviews - Taiwan is punching well above its market weight

Taiwan's markets are not falling in line. The MSCI index comprised of Taiwanese stocks has dropped sharply in recent weeks but, unlike its peers in Japan and South Korea, has not come close to reversing its rise for 2024. Indeed, its year-to-date gains of nearly 28% are more than double those of the S&P 500 .

12/08 South Korea holds emergency meeting as EV fires stir consumer fear

South Korean officials met on Monday to discuss electric vehicle safety and whether to require car firms to disclose battery brands amid growing consumer concern after an EV blaze in an underground garage extensively damaged an apartment block.

08/08 North Korea athletes have not received Samsung smartphones at Paris Games - IOC

North Korean team members have not received Olympic sponsor Samsung's smartphones that were given free to all athletes at the Paris 2024 Games, the International Olympic Committee (IOC)said on Thursday.

08/08 Siemens quarterly profit beats market view on electrification, software

German industrial gear maker Siemens posted better-than-expected earnings growth during the April-to-June quarter, buoyed by customers who are upgrading their electricity infrastructure and by demand for production software.

07/08 Next Games will have more product placement, commercial opportunities-IOC

From selfies with Samsung phones on the podium to Louis Vuitton cases at the opening ceremony, the Paris Olympics have widened the scope for sponsors' product placement like never before, and this trend will continue in future Games, the International Olympic Committee said on Wednesday.

07/08 Rockwell cuts full-year adjusted profit forecast on slower automation demand

Rockwell Automation cut its full-year forecast for adjusted profit on Wednesday to reflect slower-than-anticipated demand from customers for automation products.

07/08 Exclusive: Samsung's 8-layer HBM3E chips clear Nvidia's tests for use, sources say

A version of Samsung Electronics' fifth-generation high bandwidth memory (HBM) chips, or HBM3E, has passed Nvidia's tests for use in its artificial intelligence (AI) processors, three sources briefed on the results said.

06/08 Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources

Chinese tech giants including Huawei and Baidu as well as startups are stockpiling high bandwidth memory (HBM) semiconductors from Samsung Electronics in anticipation of U.S. curbs on exports of the chips to China, three sources said.

03/08 Exclusive: Audi's new China EV series won't have signature four-ring logo

Audi's new electric cars series developed in China for the Chinese market will not sport its four-ring logo, two people with direct knowledge of the plans said.

02/08 The world's deepest offshore oil well will be built in Colombia this year

The oil industry is pushing the boundaries of offshore exploration and plans to drill a record-deep well in Colombian waters in the coming months.

16/07 Chinese power giants increase purchases of substitutes for power grids, likely pushing down copper prices

In recent months, as copper prices soared to record levels and then fell again, the metals industry has focused on China's state-owned power company, China State Grid's purchasing policies.

12/07 India's Ambani wedding spectacle gets political with Modi posters

The wedding of a scion from India's ultra-wealthy Ambani family - much in the news for its opulent celebrations and VIP-studded guest list - has suddenly developed more political overtones with posters of Prime Minister Narendra Modi now lining the road to the venue.

11/07 Hedge funds turn to South Korea for next wave in AI

Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea's chipmakers, betting a new wave of demand for high-end memory chips and government spending makes them more valuable.

11/07 Kurdish oil smuggling to Iran flourishes

Reuters pieced together the details of this flourishing trade through conversations with over 20 people including Iraqi and Kurdish oil engineers, traders and government officials, politicians, diplomats and oil industry sources.

11/07 Exclusive: In lithium industry first, IBAT commercializes new extraction technology

In a milestone for the global clean-energy transition, International Battery Metals has become the first company to commercially produce lithium with a novel type of filtration technology, a step expected to usher in cheaper and faster supplies of the electric-vehicle battery metal.

10/07 Samsung bolsters AI in foldable phones, health monitoring in smartwatch, ring

Samsung Electronics unveiled its latest foldable smartphones on Wednesday, making its priciest flagship model lighter and slimmer and bolstering AI functions as it challenges Apple's dominance in the premium market.

10/07 Samsung Elec union in South Korea says it will strike indefinitely

A workers' union at tech giant Samsung Electronics in South Korea said on Wednesday it would continue to strike indefinitely, stepping up its campaign for better pay and benefits.

10/07 Europe 'back in space' despite Ariane 6 debut glitch

Space bosses hailed Europe's return to space after the Ariane 6 rocket successfully carried out a series of trials in a debut flight on Tuesday, but the mission ended with the launcher coasting in orbit without releasing its final batch of payloads.

09/07 China leads the world in adoption of generative AI, survey shows

China is leading the world in adopting generative AI, a new survey shows, the latest sign the country is making strides in the technology that gained global attention after U.S.-based OpenAI's ChatGPT launched in late 2022.

09/07 Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks

Samsung Electronics said on Tuesday it won an order from Japanese artificial intelligence company Preferred Networks to make chips for AI applications using the South Korean firm's 2-nanometre foundry process and advanced chip packaging service.

08/07 China EV maker BYD to build $1-bln plant in Turkey

Chinese electric vehicle manufacturer BYD Co Ltd agreed with the Turkish government to build a $1-billion production plant in Turkey with an annual capacity of 150,000 vehicles, state-run Anadolu news agency said on Monday.

08/07 Samsung workers' union in South Korea kicks off three-day strike

A workers' union at Samsung Electronics in South Korea is set to stage a three-day strike from Monday and has warned it could take further action against the country's most powerful conglomerate at a later date.

06/07 China's BYD acquires 20% stake in Thai dealer Rever Automotive

China's BYD , will acquire a 20% stake in its local distributor Rever Automotive in Thailand, its largest market outside of China where it is an electric vehicle market leader, the companies said Saturday.

05/07 How China's EV battery makers stack up in energy storage

China's EV battery giants CATL 300750.SZ and BYD 002594.SZ are eyeing the growing market for stationary energy storage.

05/07 China, struggling to make use of a boom in energy storage, calls for even more

Rows of what look like thin, white shipping containers are lined up on a barren dirt field in China's Shandong province.

05/07 Samsung flags better-than-expected profit rise as AI boom lifts chip prices

Samsung Electronics estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a low base a year ago.

04/07 Newsom Shocks California Politics by Scrapping Crime Measure

California Governor Gavin Newsom abruptly abandoned a carefully negotiated ballot measure designed to tackle property crime and the fentanyl crisis, stunning the state’s political establishment a day after his office trumpeted the proposal.

04/07 AI frenzy expected to have boosted Samsung Q2 profit 13-fold

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices.

03/07 Exclusive: Indian officials visit Foxconn iPhone plant, question executives about hiring

Indian labour officials visited a Foxconn factory in the country's south this week and questioned executives about the company's hiring practices, an official said, after Reuters reported that the major Apple supplier has been rejecting married women from iPhone assembly jobs.

01/07 India human rights body says Reuters story on Foxconn hiring raises discrimination concerns

India's human rights watchdog said on Monday it had asked government officials to examine reported discrimination by Foxconn, after a Reuters investigation found the major Apple supplier has been rejecting married women from iPhone assembly jobs in the country.