investment
Apple make moves to overturn the iPhone 16 ban in Indonesia
Last week, Apple was hit with a ban on its iPhone 16 and Watch 10 product lines in Indonesia. This restriction was due to its …
Bitcoin Surges to a New Record High of Over $70,000
Bitcoin, the world’s most popular cryptocurrency, has once again captured the attention of investors and enthusiasts alike as it recently soared to a new all-time …
Elon Musk responds to rumours that xAI received a $500 million investment commitment
Elon Musk, the CEO of xAI, has denied reports that his artificial intelligence company secured $500 million in commitments from investors toward a $1 billion …
Israel Grants Intel $3.2 Billion for Groundbreaking Chip Plant
Israel’s government has agreed to provide Intel with a $3.2 billion grant for the construction of a new $25 billion chip plant in southern Israel. …
Xbox spends over a $1 billion/year on third-party games on Game Pass
Microsoft’s Xbox Game Pass has been a major player in the gaming industry, offering a vast library of games for a monthly subscription fee. Recent …
OpenAI to receive further financial support from Microsoft
Microsoft has announced a multiyear, multibillion-dollar investment in OpenAI, a startup that specializes in AI research and development. This investment follows Microsoft’s previous investments of …
China is Set to Invest $40 Billion in Chinese Chip Industry
China wants to create a big investment fund, around $40 billion, to help its semiconductor industry. They’re doing this to catch up with the United …
TSMC Shares Decline by 3.3% as Revenue Outlook Revised Downward
On July 21, Reuters reported that shares of Taiwan’s TSMC (Taiwan Semiconductor Manufacturing Company) experienced a significant drop of over 3% in value. This decline …
India’s Chip Plan Suffers Another Setback
India has been trying to fix itself as a chip powerhouse, but its efforts have hit a new setback. The country’s plan to produce chips …