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Aug 12, 2025

Micron starts lay-offs in China as US memory chipmaker exits mobile NAND market

US chipmaker Micron Technology has started a new round of lay-offs that is expected to shed hundreds of jobs in mainland China, as part of the company’s global retreat from the lacklustre mobile NAND memory market. Micron – with offices in Shanghai, Shenzhen and Xian, capital of northwestern Shaanxi province – said the “challenging financial performance of mobile NAND products” prompted it to “discontinue development of new mobile NAND products globally”, a company representative said in an...

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Aug 12, 2025

Alibaba beats Meituan’s delivery market share, fuelled by subsidies

The daily delivery volume of Alibaba Group Holding briefly surpassed rival Meituan last week after it offered free drinks to customers who ordered through its on-demand service amid the industry’s cutthroat competition, according to a report by the technology media outlet LatePost. Orders on Alibaba’s instant commerce channel Taobao Shangou topped 100 million on Thursday, 20 million fewer than Meituan. After Meituan stopped its promotion on Friday and Saturday, Taobao’s orders overtook...

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Aug 12, 2025

China rejects OpenAI’s GPT-5 trademark application

Chinese authorities have rejected OpenAI’s attempt to register the name of its new flagship artificial intelligence model, GPT-5, as a trademark on the mainland, where the ChatGPT creator’s products and services are not officially available. According to records on the website of the Trademark Office, under the China National Intellectual Property Administration, the US firm’s application through subsidiary OpenAI OpCo was denied and is pending appeal. That was the latest rejection handed by the...

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Aug 12, 2025

Huawei’s new algorithm could cut China’s reliance on foreign memory chips

Huawei Technologies has unveiled a software tool designed to accelerate inference in large artificial intelligence models, an advancement that could help China reduce its reliance on expensive high-bandwidth memory (HBM) chips. Unified Cache Manager (UCM) is an algorithm that allocates data according to varying latency requirements across different types of memories – including ultra-fast HBM, standard dynamic random access memory and solid-state drive – thereby enhancing inference efficiency,...

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Aug 12, 2025

Musk says xAI to take legal action against Apple over App Store rankings

Billionaire Elon Musk said on Monday his artificial intelligence start-up xAI would take legal action against Apple , accusing the iPhone maker of breaching antitrust regulations in managing the App Store rankings. “Apple is behaving in a manner that makes it impossible for any AI company besides OpenAI to reach #1 in the App Store, which is an unequivocal antitrust violation,” Musk said in a post on his social media platform X. “xAI will take immediate legal action.” Musk did not provide...

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Aug 12, 2025

Trump shifts stance on Intel CEO Tan Lip-bu after White House talks

US President Donald Trump said members of his cabinet would continue discussions with Tan Lip-bu in the coming days after meeting with the Intel chief executive at the White House on Monday. “The meeting was a very interesting one,” Trump said in a social media post. “His success and rise is an amazing story. Mr Tan and my cabinet members are going to spend time together and bring suggestions to me during the next week.” Intel, in a statement, said Tan and Trump had discussed the company’s...

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Aug 11, 2025

Singaporean chip 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 to streamline its operations in mainland China, the company’s largest market. Shutting down ASMPT Equipment (Shenzhen), which falls under the company’s semiconductor solutions segment, “was a tough but necessary decision” to better align the company “with evolving market dynamics and customer needs”, according to the Hong Kong-listed firm’s statement on...

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Aug 11, 2025

Huawei’s Ren Zhengfei shares EV sector insights with Changan Automobile chairman

Huawei Technologies founder and CEO Ren Zhengfei, who has been the face of China’s resilience to US tech restrictions, has provided some guidance to the head of Changan Automobile, as the state-owned carmaker pushes its go-global strategy and eyes a potential merger with Hong Kong-listed Dongfeng Motor Group. According to his post on Chinese microblogging site Weibo, Changan chairman Zhu Huarong said he visited Ren, 80, at Huawei’s headquarters in Shenzhen last Friday to discuss the state of...

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Aug 11, 2025

Huawei to unveil tech to cut China’s reliance on HBM chips: report

Huawei Technologies is set to unveil a technological breakthrough that could reduce China’s reliance on high-bandwidth memory (HBM) chips for running artificial intelligence reasoning models, according to state-run Securities Times. The announcement will take place in collaboration with China UnionPay at the 2025 Financial AI Reasoning Application Landing and Development Forum in Shanghai on Tuesday, according to the report on Sunday. The event aims to promote AI reasoning models and...

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Aug 11, 2025

SoftBank selects banks for US IPO of payments app amid tech rebound

SoftBank Group has selected investment banks to help organise a potential initial public offering (IPO) in the US for its Japanese payments app operator PayPay, according to two people familiar with the matter. The banks leading preparations for the listing were Goldman Sachs, JPMorgan Chase, Mizuho Financial Group and Morgan Stanley, the sources said. The PayPay offering may raise more than US$2 billion from investors when it takes place, which the sources said could be as soon as the final...

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