Following the release of the company's quarterly report, the share price of Nvidia increased to a record high. Shares of the chip manufacturer grew by more than 200% so far this year. Following the release of the company's quarterly report, the value of Nvidia shares during trading on August 24...

Up until 2018, China attempted to hire top scientists with advanced degrees from outside as part of a lavishly funded programme that Washington saw as a threat to American interests and technological dominance.   According to three sources with knowledge of the matter and a Reuters review of...

The Chinese corporation Huawei establishes several covert semiconductor production sites across the country under different identities in order to get over US sanctions, writes Bloomberg citing the US Semiconductor Industry Association (SIA). According to information from the association's internal...

As the South Korean automaker changes its strategy in China in the face of severe pricing competition and weakening demand, Beijing Hyundai Motor has listed its Chongqing facility for sale at a starting price of 3.68 billion yuan ($505 million).   According to a report on the China Beijing...

According to the Wall Street Journal, a deal to buy sandwich company Subway for around $9.6 billion is close to being finalised by Roark Capital, which already owns the eateries Arby's and Buffalo Wild Wings.   According to the article, which relied on persons with knowledge of the...

S&P reduced long-term credit ratings of a number of US banks. Based on data from the worldwide rating agency S&P Global Ratings, a number of American banks have had their long-term credit ratings reduced. KeyCorp, Comerica Inc., Valley National Bancorp, UMB Financial Corp., and Associated...

Australian supermarkets are expected to post higher full-year profits as decades-high inflation supported shelf pricing; but, economists say that the outlook on consumer behaviour in light of increased borrowing costs and expenses will be crucial.   According to expert projections, major...

Intel has backed out of its $5.4 billion acquisition of Israeli chipmaker Tower Semiconductor after an agreement for the deal expired on August 15 but was never approved by Chinese regulators. After the agreement on the deal expired on August 15th, Intel declined to purchase Israeli semiconductor...

According to the Japanese Foreign Ministry, the assistance will be given via the American Red Cross and the Japan Platform as a measure of relief for the disaster's victims. The Japanese government will provide $2 million in help for those impacted by the devastating fires on the Hawaiian island of...