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For consumers, this has created a hostile buying environment in some instances, while some governments have become acutely aware of the fragility of the global tech supply chain. The ongoing chip shortage has affected everything from LCD displays to graphics cards, game consoles, TVs, and even automakers.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. Shares of Alibaba are off around 30% from their recent record highs set in late October.
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . Industry sources told TechCrunch that consolidation started in the e-scooter industry last year. Expansion to Japan.
The United States and key allies have accused the Chinese government for the first time of hiring gangs of hackers to carry out cyberattacks in the West. The accusation against China was made by the US, EU, UK, Australia, Canada, New Zealand, Japan, and NATO, reports Bloomberg News. Illustration by Alex Castro / The Verge.
Back in 2021, the Japanese government said it would make it a top priority to reboot the local semiconductor industry, which was once a dominant force on the global market. Despite hosting more chip factories than an other country, Japan has fallen behind when it comes to mass-producing chips on. Read Entire Article
TSMC’s 92-year-old founder, Morris Chang, attended the opening ceremony in Kumamoto, and Japans Prime Minister Fumio Kishida sent a congratulatory video message. In his speech, TSMC founder Morris Chang recalled being invited to establish the chip factory in Japan back in 2019. The first plant, backed by a JPY 476 billion ($3.16
Now, with a rising case-count threatening the country’s vital tech industry in the middle of a global semiconductor shortage, its government is letting its powerful corporations buy COVID-19 vaccines on its behalf. It’s an unusual workaround, but one that makes sense given Taiwan’s complaints that China scuppered earlier deals.
China’s Ministry of Commerce has expressed serious concerns in response to the Japanese government’s announcement of plans to implement export controls on semiconductors and related items, in an answer to a journalist’s inquiry on the governmental departments website. China’s Ministry of Commerce, in Chinese ]
TSMC plans to build a second chip factory in Japan, thanks in part to the countrys government considering providing it with a subsidy of up to RMB 44.1 On October 4, during the recent Increase Domestic Investment Cooperation Forum, Japans Prime Minister Fumio Kishida published a new round of economic stimulus plans. billion ($6.04
Semiconductor giant TSMC has revealed that subsidies obtained from the Japanese and Chinese governments reached NT$47.545 billion ($1.51 With its ongoing expansion of overseas facilities, TSMC anticipates further subsidies from Japan this year, along with potential new subsidies from the US and Germany. billion) in 2023, marking a 5.74-fold
A cyberattack has forced Toyota to shut down its factories in Japan, forcing the automaker to lose about 13,000 cars of output, Reuters reports. Japan is backing the US and other Western allies that are seeking to impose harsh financial sanctions on Russia over its invasion of Ukraine.
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. State-backed Guangzhou Automobile Group (GAC), the parent company of OnTime and one of the largest automakers in China, led the round.
Why brands looking (or struggling) to expand globally should on: Industry Insights and Innovation Be inspired by thought leaders and industry pioneers. Hear from the Experts and Gain Insider Access Gain valuable perspectives from global tech elites, industry leaders, and innovative companies.
Showcasing the industry’s most innovative use of AI, this global event offers you the opportunity to learn from DataRobot data scientists—as well as AI pioneers from retailers like Shiseido Japan Co., Learn why global skincare, makeup, and fragrance leader Shiseido Japan Co., views AI as a strategic business asset.
Organizations across many industries believe their employees are more productive and efficient with AI tools such as chatbots and coding assistants at their side. Other standout AI apps focuse on specific industries. Numerous AI startups found traction offering such solutions during 2024. and the accompanying app, in September 2024.
Other investors SBI Investment, Tokyu Land Corporation, Kushu Electric Power, Seika Corporation, JOIN (Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development) and exiting investor Venture Lab Investment also joined in the round. . 4 eVTOL trends moving the air taxi industry closer to takeoff.
Multiple players in the industry have recently set their sights on direct-to-mobile connectivity from space. Extensive government and commercial efforts are underway to head “back to the Moon” decades after the Apollo program finished in 1972. We see 2023 as the year when the industry embraces quantum capabilities.
Whether they do it out of a fear of missing out or genuine belief in blockchain technologies, the trend appears irreversible at least for now, as investment keeps pouring into the industry. Oasys, a Japan- and Singapore-based startup that’s building a blockchain for gaming developers, has just raised $20 million.
The round comes from a number of investors including Japan Post Investment Corporation, Block (formerly known as Square), Greyhound Capital, SMBC Nikko Securities, Altos Ventures, Goodwater Capital, StepStone Group, JAFCO Group, Mitsui Sumitomo Insurance Capital and others. . Kyash, a would-be challenger bank in Japan, raises $14M.
and leader of the firm’s National Security Team, counsels clients in the technology/software industry on the full range of issues arising under economic sanctions and export control regulations. technology in support of Russia’s war effort, an initiative with implications for the tech industry. In particular, U.S. content; and non-U.S.
At that time, it had become quite apparent that China had emerged as the front line in the battle for dominance of the 21st century automotive industry. China surpassed Japan in 2023 to become the worlds largest exporter of vehicles, and surpassing this milestone represents an appropriate time to revisit this topic.
For a while now, the industry has wondered as to when Chinese manufacturers will become serious players in the global memory industry, especially DRAM. However, it could catch up to Micron this year in terms of production capacity and is also working on high-bandwidth memory (HBM) for the AI industry.
To date, creating a lending market has required a large pool of existing liquidity and complex governance process to manage risk, which has resulted in the majority of assets on the market today unable to be borrowed or lent, Greg DiPrisco, co-founder of the platform, said. What it does: Japan-focused NFT wallet. Stage: Late stage.
Image Credits: Ditto “By operating independently of an internet connection, Ditto’s platform enables industries to swiftly adopt contactless solutions, bolstering their apps and processes with added resiliency and redundancy,” Fish said. government and allies,” Fish said. billion by 2026, according to Technavio.
Hence, there is no common set of rules that govern global space activity and no mechanisms to ensure the proper disposal of hardware at the completion of space missions. Nor is there any coordinated effort to clean up the decades of space debris already accumulated in orbit. On-orbit services – the key to a sustainable future.
The military and tourism are Guam's two big industry. Japan is the biggest source of tourists for Guam, with growing numbers from other Asian nations like South Korea. The FSM, which is made up of four distinct island states (Kosrae, Pohnpei, Chuuk and Yap) sent teams from each of their states as well as the national government.
In light of the sector’s growing popularity, the Japanese government has been proactive in loosening e-scooter regulations to further stimulate the micromobility industry. The company reports over 1 million app downloads in Japan and has expanded its network of ports to 3,000 across six cities this year.
QuintessenceLabs will use the Series B funding to expand its customer base, including private and public organizations in financial services, cloud providers, government agencies and defense sectors globally, CEO and founder of QuintessenceLabs Vikram Sharma told TechCrunch. . institutions for strategic partnerships.
” Lansdowne Partners and The University of Tokyo Edge Capital Partners (UTEC) a deep tech fund out of Japan, are co-leading the round, with British Patient Capital, Oxford Science Enterprises (OSE) and Oxford Investment Consultants (OIC) also participating. “Our vision is seamless quantum access.”
We felt that Anomaly’s approach from day one to partner with payers and providers to pay the right amount the first time stood out from the industry standard.” . and 11 other high-income countries, including the United Kingdom, Canada, Germany, Australia, Japan, Sweden, France, the Netherlands, Switzerland and Denmark.
Why it matters: ASMLs commitment to fulfilling its China orders up to the end of the year will help ease some of the pressure on the countrys chip sector, which has been the subject of a series of stringent export control measures on semiconductor-related items from first the US and subsequently Europe and Japan.
In Japan, insurance company Tokio Marine launched a corporate venture fund. Evok Innovations is raising $300 million to tackle climate change from an industrial decarbonization angle. government warned that a North Korean state-backed hacker group is targeting blockchain organizations with trojanized cryptocurrency.
China imported 42 lithography systems (chip-making equipment) with a total value of $8.168 billion in November, mostly from the Netherlands and Japan, according to South China Morning Post. 15 machines are from Japan s Canon and Nikon, while the remaining 11 are reported to have come from second-hand equipment dealers in other countries.
government. We expect to see the insurance industry in general adopt more of the consumer friendly features that we’ve helped pioneer.” More details here. We also wrote about Tellus, a startup that raised $16 million in an Andreessen Horowitz–led seed round of funding last year that is now being scrutinized by the U.S.
The accelerator (via its AlchemistX arm) is starting to build out regional programs, working with government organizations to help them figure out how to nurture local startups. The first programs will be launched in Canada, Japan and Korea.
The startup has a dazzling list of investors, from Kai-Fu Lee’s Sinovation Ventures and the government of Suzhou, to Mercedes-Benz maker Daimler. “It works like a flywheel,” Cao said, using a tech industry jargon first popularized by Jeff Bezos to explain Amazon’s growth. Driver’s habit.
I say series of events because virtually every region in the semiconductor ecosystem gets one Semicon China, Semicon Europa, Semicon India, Semicon SEA, Semicon Japan, Semicon Korea, Semicon West (USA), and of course Semicon Taiwan, all throughout the year. Working together globally is key to reaching these goals, they said.
The WEEE Directive is the set of laws that governs the proper collection and disposal of Waste Electrical and Electronic Equipment (WEEE) in the 27 countries of the European Union. They are developing an industrial capacity, for instance, with companies like Trishyiraya Recycling in Southern India. It has been developing since 2002.
As an alternative pleading, though, the government can present a compelling case that Facebook harms consumers by suppressing wages in the creator economy. I am inspired by Cloudflare’s recent post explaining the impact of Amazon’s monopoly in their industry. Facebook has harmed consumers by suppressing creator wages.
Its products have, however, been available from third parties in the two countries, Chinese media outlet Caixin cited industry insiders as saying. Earlier this year, Japan and the Netherlands decided to limit the sale of certain types of chip making equipment to China.
A similar event in Shanghai a year ago reportedly prompted the industrys legacy players to either increase their efforts or rethink their brands in order to adapt to the changes. Credit: NIO READ MORE: Huawei, Xiaomi, and Geelys new EVs have details leaked on Chinese government site The five-seater multi-purpose vehicle, offering a 1.5
Micromobbin’ The North American Bikeshare and Scooter Association released its 2021 shared micromobility state of the industry report — and it has some interesting findings. Vermont is the latest state to step in where the federal government has not and launched an e-bike incentive program. Notable news and other tidbits.
Agnikul Cosmos For launching a single-piece, 3D-printed rocket engine into suborbital flight Ever since the government reformed its space policy in 2020 to allow for greater participation from startups, Indias private space sector has been expanding in every direction.
The round matters for its size (nine figures), industry (fintech has taken a valuation pounding in recent quarters) and underlying financial results. Remarkable rounds of the week Etoro reloads at $3.5B However, it had previously secured a pledge for new funds if its SPAC deal fell through, capital that it has now raised.
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