Posts by Stephanie Irvin
Xpeng in negotiations partner with EPMB to start EV production in Malaysia
Chinese EV maker aims to make Malaysia a base for expansion across Asean’s right-hand-drive markets [SHANGHAI] Xpeng said on Friday (Dec 12) that it is in negotiations to partner EP Manufacturing Bhd (EPMB) to begin mass electric vehicle production in Malaysia in 2026 as it ramps up global expansion. Xpeng hopes to leverage EPMB’s existing…
Read MoreIntel has tested chipmaking tools from firm with sanctioned China unit: sources
Two of ACM’s units, based in Shanghai and South Korea, are barred last year from receiving US technology [WASHINGTON/SAN FRANCISCO] Chipmaker Intel, has tested chipmaking tools this year from a toolmaker with deep roots in China and two overseas units that were targeted by US sanctions, according to two sources with direct knowledge of the…
Read MoreFMC to launch restructuring plan, targets plant closures and Asia cost cuts
[BENGALURU] Agrichemicals firm FMC said on Friday (Dec 12) that its board has approved a restructuring plan, aimed at cutting costs, shutting down high-cost plants and shifting production to lower-cost locations. FMC, a key player in the insecticide and fungicide market, has been facing intensified competition in key markets, prompting it to reduce prices and…
Read MoreChinese AI euphoria obscures a gloomier technological reality
Washington and its allies are not supplying the country with the gear required to make the most sophisticated AI chips [TAIPEI] Moore Threads Technology’s phenomenal debut this month, China’s most successful coming-out party since 2019, capped a year in which investors have grown increasingly excited about the prospects for the country’s artificial intelligence (AI) chip…
Read MoreIntel nears US$1.6 billion deal for AI chip startup SambaNova
[NEW YORK] Intel is in advanced talks to acquire artificial intelligence (AI) chip startup SambaNova Systems for about US$1.6 billion, including debt, according to sources familiar with the matter. A deal for Palo Alto, California-based SambaNova could come together as soon as next month, said the sources, who asked not to be identified because the…
Read MoreOracle denies report on OpenAI data centre delays
[BENGALURU] Oracle denied on Friday (Dec 12) a media report that it was delaying OpenAI-related data centres, following investor worries over its debt-fuelled artificial intelligence (AI) infrastructure buildout. Bloomberg News had earlier in the day reported that Oracle had pushed back the completion dates for some data centres it is developing for OpenAI to 2028,…
Read MoreAmazon rushes out latest AI chip to take on Nvidia, Google
[WASHINGTON] Amazon.com’s cloud unit raced to get the latest version of its artificial intelligence (AI) chip to market, renewing efforts to sell hardware capable of rivalling products from Nvidia and Google. The accelerator, called Trainium3, was recently installed in a few data centres and will be available for customers beginning on Tuesday (Dec 2), Dave…
Read MoreOpenAI declares ChatGPT ‘code red’ over stiff competition: report
CEO Altman says resources must be devoted to fending off the new competition to its chatbot [WASHINGTON] OpenAI CEO Sam Altman has declared a company-wide “code red” as its ChatGPT technology faces stiff competition from other big tech rivals, especially Google, US media reported. In a memo to staff on Monday (Dec 2), Altman told…
Read MoreSingtel tops buybacks; Soon Hock and EnGro chairs boost stakes; Sanli eyes growth with placement
[SINGAPORE] Over the five trading sessions from Nov 21 to 27, institutions were net sellers of Singapore stocks, with net institutional outflow of S$552 million extending the S$131 million net outflow for the previous week. Stocks that saw the highest net institutional outflow included Genting Singapore , UOB , Keppel , DBS , Singapore Exchange…
Read MoreFlood prevention strategies: essential tools for urban and industrial areas
Flooding is one of the growing challenges facing cities and industrial facilities, with limited drainage and proper control measures heightening the risks. People, operations and properties need to feel safe, especially as extreme weather conditions become increasingly frequent. Keep reading to understand some of the effective prevention strategies used in flood mitigation campaigns. Protecting Industrial…
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