Asia-Pacific markets were mostly lower on Tuesday after losses on Wall Street, with investors holding back ahead of the U.S. Federal Reserve’s decision on Dec. 10 stateside. The central bank is widely expected to cut rates by another 25 basis points at its final meeting of the year, bringing the Federal Funds rate to 3.5%-3.75%. … Read more
President Donald Trump on Monday said Nvidia will be allowed to ship its H200 artificial intelligence chips to “approved customers” in China and elsewhere, on the condition that the U.S. gets a 25% cut. Chinese President Xi Jinping “responded positively” to the proposal, Trump wrote in a Truth Social post. The policy “will support American … Read more
The logo of multinational tech company Foxconn (also known as Hon Hai), which is a major manufacturer for Apple products, in Taipei, Taiwan, on April 16, 2025. Anadolu | Anadolu | Getty Images Foxconn, a key Nvidia partner in its artificial intelligence buildout, saw its revenue spike 26% year-on-year in November, as demand for servers … Read more
Hong Kong Skyline Nikada | E+ | Getty Images Asia-Pacific markets traded mixed Friday following a subdued Wall Street session. Australia’s ASX/S&P 200 added 0.19% to 8,634.6. Japan’s benchmark Nikkei 225 index lost 1.05% to close at 50,491.87, while the Topix declined 1.05% to 3,362.56. Yields on the Japanese 10-year government bond rose to 1.94%, … Read more
An illustration photo shows Moore Threads logo in a smartphone in Suqian, Jiangsu Province, China on October 30, 2025. Cfoto | Future Publishing | Getty Images Shares of Moore Threads, a Beijing-based graphics processing unit (GPU) manufacturer often referred to as “China’s Nvidia,” soared by more than 400% on its debut in Shanghai following its … Read more
When Nvidia this week said it would take a $2 billion stake in chip design company Synopsys, it was just the latest in a string of massive investments announced by the chipmaker this year. Nvidia has also said it would take a $1 billion stake in Nokia, invest $5 billion in Intel and $10 billion … Read more
Aerial sunrise view of Osaka city in Japan Frank Lee | Moment | Getty Images Asia-Pacific markets mostly rose Thursday, after Wall Street gained on hopes the Federal Reserve could cut interest rates next week following weaker-than-expected jobs data. Payroll processor ADP reported that private companies cut 32,000 workers in November, compared with 47,000 additions … Read more
Nvidia CEO Jensen Huang said he met with President Donald Trump on Wednesday and that the two men discussed chip export restrictions, as lawmakers consider a proposal to limit exports of advanced artificial intelligence chips to nations like China. “I’ve said it repeatedly that we support export controls, and that we should ensure that American … Read more
A person walks by a sign for Micron Technology headquarters in San Jose, California, on June 25, 2025. Justin Sullivan | Getty Images Micron said on Wednesday that it plans to stop selling memory to consumers to focus on meeting demand for high-powered artificial intelligence chips. “The AI-driven growth in the data center has led … Read more
Nvidia-backed video generation startup Luma AI is joining a growing wave of U.S. tech companies launching operations in the U.K., with major plans for a London expansion revealed on Tuesday. The Palo Alto-headquartered startup will look to hire around 200 employees — making up around 40% of its workforce — at its new London base … Read more