BUSINESS Archives - Page 41 of 60

Musk's Mass Firing Raises Questions About Tesla's NACS Standard 2024.05.09 Elon Musk of Tesla has raised the issue of charger standards with existing automakers since last year, after firing the entire Tesla charging team. Ford and Rivian, the first to adopt Tesla’s NACS system, can charge through an adapter for Tesla’s NACS. Following this, they plan to start supporting GM, Volvo, Polestar, and others this […]

NVIDIA and Vietnam: A Power Partnership in AI and Semiconductors 2024.05.09 Recently, high-ranking officials from NVIDIA, one of the hottest companies globally, have been visiting Vietnam frequently. Following NVIDIA CEO Jensen Huang’s visit to Vietnam last year, Vice President Keith Strier led a high-level delegation to Vietnam last month. Vice President Strier visited Vietnam from April 22 to 26 to fulfill the artificial intelligence (AI) and […]

Slim is In: iPhone 17 Slim to Replace Plus Models 2024.05.09 With the iPhone 16 series launch expected this fall, news about the iPhone 17 has already been reported. Yonhap News Jeff Pu, an analyst at Haitong International Tech Research, reported on the 6th (local time) that Apple is developing an iPhone 17 Slim model. Jeff Pu explained that the Slim model will replace the existing […]

Apple Revolutionizes AI With New In-House Chips for Data Centers 2024.05.08 Apple is developing its own AI chip for use in its data centers. The Wall Street Journal reported on the 7th (local time) that Apple is developing a proprietary chip that can run AI software in data centers. The project, internally named the Apple Chips in Data Center (ACDC), has been underway for several years […]

Amazon's Bold Move: Online Shopping Service Launches in South Africa 2024.05.08 Amazon has thrown down the gauntlet to many online retailers led by Naspers’s Takealot. Amazon announced on the 7th (local time) that it will launch an online shopping service in South Africa. Amazon Africa will offer same-day and next-day delivery through more than 3,000 pickup points. Shoppers can get free shipping on their first order, […]

Starbucks' 'Third Eye': The Future of Retail Management is Here 2024.05.08 Starbucks plans to expand the introduction of The Third Eye, an AI-based store management system that leverages AI technology to increase work efficiency and create future-oriented stores. As Starbucks celebrates its 25th anniversary in Korea this year, the company is determined to accelerate its digital innovation. According to industry sources, on the 6th, Starbucks recently […]

Spirit Airlines' Second-Quarter Outlook Falls Below Expectations 2024.05.07 [Alpha Economy: (Chicago) Special Correspondent Paul Lee] Spirit Airlines' second-quarter revenue ou ...

Revolutionizing AI: TSMC Starts Production of Chips for Tesla's Dojo 2024.05.07 TSMC has begun producing semiconductors for Tesla’s supercomputer Dojo. On the 5th (local time), the Liberty Times cited sources that TSMC announced this production commencement at a recent technology conference in California, USA. TSMC has begun manufacturing semiconductors for Tesla’s supercomputer Dojo. Dojo is an artificial intelligence supercomputer that trains autonomous driving software using data […]

China's Exports to the U.S. Through Vietnam and Mexico Escalates Trade War 2024.05.07 As the U.S.-China dispute intensifies, China’s detoured exports to the U.S. through Vietnam and Mexico have surged. With the U.S. presidential election approaching, sanctions against these detoured exports are likely, prompting calls for a thorough response from the government and businesses operating in these regions. According to a report titled “Analysis of China’s U.S. Detoured Export […]

Crypto Companies Flock to Hong Kong as U.S. Tightens Oversight 2024.05.07 [TheGuru: Jung Deung Yong Reporter] As U.S. financial authorities strengthen their oversight of cryptocurrencies, Hong Kong is emerging as a haven for cryptocurrency companies. To reclaim its status as a financial hub, Hong Kong is attracting new entrepreneurs, technologists, and investors with its friendly cryptocurrency regulations. According to industry insiders on the 7th, Hong Kong […]

Apple vs Huawei: Showdown for Tablet Dominance in China 2024.05.04 Apple and Huawei are simultaneously unveiling new tablets. All eyes are on whether Apple can overcome Huawei and rebound in the Chinese market share since the company is facing difficulties in China due to the recent surge in patriotic consumption. According to industry sources, on the 2nd, Apple is hosting the Let Loose Event on […]

American TikTok Sellers Reach Half a Million Despite Potential Ban 2024.05.04 While the U.S. political community passed a bill to force the sale of TikTok, a Chinese video platform, it was announced that the number of American sellers registered on TikTok’s e-commerce platform exceeded 500,000. As the bill’s implementation approaches, it is analyzed that TikTok is expanding its influence in the U.S., especially among the younger […]

Driving the Future: Volkswagen's Bold Move into China's Electric Car Market 2024.05.03 Amid the rapid growth of electric vehicles (EV) in China, global automakers are investing in Chinese companies receiving technology in reverse. Overseas automakers were forced to establish a joint venture (JV) to enter China and were concerned about technology theft, so they sought help from local firms to tap into the world’s largest EV market. […]

Navigating the Regulatory Storm: Chinese Companies Opt for Hong Kong IPOs 2024.05.03 Many companies choose to go public in Hong Kong as a solution to the inactive Chinese stock market, as authorities tighten regulations and raise the Initial Public Offering (IPO) threshold. Expectations are rising that the stagnant Hong Kong IPO market will recover, but experts are cautious, fearing the flock of less competitive companies to the […]

Qualcomm's Bright Outlook: Smartphone Market on the Rise 2024.05.03 Qualcomm, the world’s largest smartphone processor manufacturer, has announced that the smartphone market, which had been sluggish for a while, is recovering due to Chinese demand. It’s observed that the demand for premium phones equipped with Artificial Intelligence (AI) features is increasing among Chinese consumers. According to Reuters on the 1st of May (local time), […]

Hyundai Dominates IIHS Safety Ratings with Most Top-Rated Cars 2024.05.03 Hyundai Motor Group has produced the safest cars in the collision evaluation by the Insurance Institute for Highway Safety (IIHS) in the United States. Thanks to the addition of Hyundai’s popular midsize sports utility vehicle (SUV) model, Santa Fe, and midsize sedan model, Sonata, the list of officially recognized safe models has increased to 18. […]

Toyota's Hybrid Dominance Widens Gap with Hyundai in US Sales 2024.05.03 Last month, Japanese car brands, mainly Toyota, experienced strong sales in the U.S. market, while Korean brands like Hyundai and Kia struggled. Toyota’s more electrified products widened the gap with Hyundai as local consumer preference for hybrid cars surged. Toyota recorded double-digit growth for the sixth consecutive month, while Hyundai’s previously steep growth curve showed […]

U.S. Tech Firm Aids in KF-21 Fighter Jet Production 2024.05.03 Korea Aerospace Industries (KAI) is set to receive an aircraft structural diagnostics system from Acellent Technologies Inc., a U.S. company. The aim is to enhance the Korean fighter jet KF-21’s quality competitiveness and accelerate its mass production by the end of the year. According to Acellent, on the 2nd, the company signed a contract with […]

Cutting Off Russia's War Machine: U.S. Bans Uranium Imports 2024.05.03 The United States continues to disrupt Russia, which is at war with Ukraine. On the 1st, the U.S. Senate announced that it had approved a bill banning the import of Russian uranium. The House of Representatives passed the bill last December and unanimously approved by the Senate with no opposition. Uranium is used to supply […]

Amazon's AI Investment Pays Off with Record Profits 2024.05.03 Amazon’s first-quarter results exceeded market expectations. Amazon’s first quarter revenues in 2024 amounted to $143.3 billion, a 12.5% increase from the previous year, surpassing the consensus by 0.5%. Operating profit soared 220.6% to $15.3 billion, beating the consensus by 35.9%. Earnings Per Share (EPS) exceeded expectations by 16.4% at $0.98. The rise in profitability of […]

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