Amazon Announces New Echo Spot Alarm Clock
Amazon on Monday, July 8, announced a new alarm clock, the Echo Spot.
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ASML CEO Says World Needs Legacy China’s Chips
Chip buyers, including the German auto industry, are nowadays demanding older-generation computer microcircuits, in which chip manufacturers in China are actively investing.
Foxconn Q2 Revenue Exceeds Market Forecast
Foxconn, the Taiwan-based world’s largest contract electronics manufacturer and the main assembler of Apple’s iPhone reported quarterly revenue that beat previous expectations for the dynamic of the corresponding figure.
China’s Tech Boom Powers AI Career Coup
In China, the local artificial intelligence industry, which is currently on a trajectory of active growth, became the leader of the salary rating in the Asian country in the second quarter of 2024, shifting the financial sector from the position of leader.
People’s Bank of China Takes More Control Over Rates
The People’s Bank of China has tightened its control over interest rates, deciding to introduce a new mechanism to influence the cost of short-term borrowing.
Sweden’s Economy Demonstrates Slow Growth
Currently, the Swedish economic system is on an upward trajectory, but the pace of the corresponding positive process is minimal and in a negative sense does not meet the preliminary expectations of experts regarding the speed of this dynamic.
US Job Growth Demonsrates Slowdown
In June, a slowdown in the dynamic of job growth was recorded in the United States, which was a completely expected result.
Samsung Shares Top Over 3-Year High
The value of shares of South Korea-based Samsung Electronics reached its highest level since January 2021.
Canada to Invest Millions to Build Chip Network
Canada intends to invest in building a national chip manufacturing network over the next few years.
South Korea Current Account Tops 32-Month High
South Korea’s current account has reached its biggest surplus in more than two years.
Goldman and Citi Predict More Gains for SK Hynix
The value of shares of South Korean company SK Hynix Inc., which is the main supplier to US Nvidia Corp., has shown growth of more than 90% over the past year, but according to Wall Street analysts, this impressive result is not the limit to the upward trajectory of the Asian firm, due to which […]
China’s Demographic Situation Causes Economic Headwinds
China’s economic system, which is the second largest in the world, is currently in some sense struggling to recover amid a prolonged downturn in the local real estate sector and after a difficult period of the coronavirus pandemic, but this is not the whole list of problems on the path to the positive dynamic of […]
SoftBank Stock Hits Record High
The value of shares of the Japanese SoftBank Group reached an all-time high on Thursday, July 4.
Foxconn to Invest $551 Million in Vietnam
Foxconn, Apple’s Taiwan-based supplier, plans to invest about $551 million in two new projects in Vietnam’s northern coastal province of Quang Ninh.
Apple Reportedly Gets Observer Seat on OpenAI Board
The media reported that Apple will take an observer position on the board of directors of OpenAI.
China Leads Generative AI Patents Race
China has significantly outperformed other countries in the area of inventions using artificial intelligence, including such as chatbots.
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