Technology
2025 could be a pivotal year for AI, as global CFOs express concerns over ROI
A global survey of CFOs reveals growing concerns over AI ROI, with many planning to reduce AI spending if results aren't visible by 2025.
Business
Foxconn invests in electric vehicle battery plant to diversify business beyond Apple iPhones
Foxconn invests US$82M in a Zhengzhou EV battery plant, diversifying into electric vehicles as part of its shift beyond Apple iPhone production.
Business
Strategic AI investments give businesses a competitive edge
AI investment drives innovation and efficiency, with businesses gaining a competitive edge through strategic leadership and long-term integration.
Business
China’s chip industry faces funding slump in 2024 amidst US tech rivalry
China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.
Business
ChatGPT targets 1 billion users with ads and data centre investments
ChatGPT aims to reach 1 billion users in 2025 by investing in data centres and exploring advertising strategies for future growth.
Business
Dutch chipmaker NXP and TSMC affiliate set sights on expanding US$7.8 billion Singapore venture
NXP and VIS plan to expand their US$7.8 billion Singapore venture to strengthen global chip production amid rising US-China tensions.
Business
Atome Financial secures US$200 million syndicated facility to boost financial inclusion in Southeast Asia
Atome Financial secures a US$200M syndicated facility led by HSBC to expand its innovative financial services and promote inclusion in Southeast Asia.
Business
Cybersecurity unicorn Semperis strengthens identity-driven resilience in Singapore after major funding success
Semperis enhances cybersecurity in Singapore with US$125M funding, partnerships, and training to combat growing cyber threats and ransomware attacks.
Business
US confirms US$6.6 billion CHIPS Act funding for TSMC
TSMC secures US$6.6 billion in CHIPS Act grants to expand in Arizona, marking a milestone in US semiconductor development and job creation.
