Technology

TSMC sees annual sales growth to reach 10% in semiconductor industry
TSMC sees annual sales growth to reach 10% in semiconductor industry
TAIWANESE contract chipmaker Taiwan Semiconductor Manufacturing Company (TSMC), a major supplier to Apple and Nvidia, on Thursday (May 23) forecast an annual revenue growth of 10 per cent in...
Microsoft’s UAE deal could transfer key US chips and AI technology abroad
Microsoft’s UAE deal could transfer key US chips and AI technology abroad
MICROSOFT president Brad Smith said the tech company’s high-profile deal with the United Arab Emirates-backed artificial intelligence (AI) firm G42 could eventually involve the transfer of sophisticated chips and...
SIA shares hold steady following turbulence tragedy
SIA shares hold steady following turbulence tragedy
THE turbulence incident that caused one death and several injuries had little impact on shares of Singapore Airlines (SIA).
SIA shares hold steady following turbulence tragedy
SIA shares hold steady following turbulence-hit flight
SHARES of Singapore Airlines (SIA) fell 1.8 per cent at the opening bell on Thursday (May 23), following a turbulence incident on flight SQ321 that caused one death and...
Seventh money launderer jailed for 15 months, forfeits S million of assets
Seventh money launderer jailed for 15 months, forfeits S$22 million of assets
THE seventh accused in the billion-dollar money laundering bust was sentenced to 15 months’ jail after pleading guilty to two money laundering and one forgery charges on Thursday (May...
Citi considers reducing office space in Singapore tower
Citi considers reducing office space in Singapore tower
CITIGROUP is considering reducing its office space in Singapore as remote working gains traction in the city-state.
Cromwell E-Reit sponsor to divest all interest in managers, Reit for 280 million euros
Cromwell E-Reit sponsor to divest all interest in managers, Reit for 280 million euros
CROMWELL Property Group, the sponsor of Cromwell European Real Estate Investment Trust (Cromwell E-Reit), entered into a binding agreement to divest all its stake in the Reit and its...
US lawmakers seek to clean up crypto regulation
US lawmakers seek to clean up crypto regulation
THE US House of Representatives on Wednesday adopted a bill that would create a new legal framework for digital currencies, in a move cheered by crypto supporters but opposed...
US Federal Reserve’s rate meeting minutes show growing inflation concerns
US Federal Reserve’s rate meeting minutes show growing inflation concerns
A STRONG US economy and an uptick in inflation led the Federal Reserve’s rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its...
Nvidia forecast shatters estimates on sustained AI boom
Nvidia forecast shatters estimates on sustained AI boom
NVIDIA, the chipmaker at the centre of an artificial intelligence (AI) boom, gave another bullish sales forecast, showing that spending on AI computing remains strong.Second-quarter revenue will be about...