In a statement on Wednesday, the Shanghai-based carmaker said 181.8 million new shares would be issued, which would be allocated…
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Tech war: China’s top flash memory maker YMTC creates US$3 billion chip venture
Yangtze Memory Technologies Co (YMTC), China’s top flash memory maker, has established a US$3 billion venture in its home city…
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Chinese gadget maker Baseus launches premium sound line at IFA Berlin in overseas push
Chinese consumer electronics maker Baseus launched a premium line of audio products at a global trade fair on Thursday, bolstering…
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Leading Chinese humanoid robot maker UBTech gets US$1 billion boost from Infini Capital
UBTech Robotics, a leading Chinese manufacturer of factory robots, has secured a credit line of up to US$1 billion from…
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Taiwanese laptop maker Asus’ subsidiary builds supercomputer to boost island’s capacity
A unit of Taiwanese consumer electronics giant Asus is developing a supercomputer, powered by Nvidia chips, that is expected to…
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Singaporean semiconductor equipment maker ASMPT to close Shenzhen plant, axe 950 workers
Singapore-based ASMPT, which makes semiconductor assembly and packaging equipment, will close its factory in Shenzhen and lay off 950 workers…
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Singaporean chip equipment maker ASMPT sees steady growth behind AI infrastructure boom
“AI tailwinds are driving strong demand across both advanced packaging and mainstream businesses, and we achieved better-than-expected bookings for the…
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Robot maker AgiBot seeks stake in Shanghai-listed firm in potential back-door listing move
Tencent Holdings-backed AgiBot plans to acquire a controlling stake in a Shanghai-listed company for roughly 2 billion yuan (US$279 million),…
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Chinese power bank maker suspends production after defects trigger recall, aviation ban
One of China’s biggest portable power bank makers has suspended production for at least six months and closed its stores…
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Chinese router maker TP-Link cuts staff at Shanghai chip unit, retains Shenzhen facility
TP-Link, China’s leading Wi-fi router manufacturer, has laid off most employees at a chip development unit in Shanghai amid setbacks,…
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