TAIPEI -- MediaTek says it has started working with Intel for advanced chip packaging in addition to its existing relationship with TSMC, as Taiwan's top mobile chip developer bets heavily on artificial intelligence hardware and infrastructure demand to drive its next phase of growth.
Foxconn to start shipping next-gen optical tech for AI data centers
NEW TAIPEI, Taiwan -- Key Nvidia supplier Foxconn will start shipping a new generation of data transmission technology for AI infrastructure this year to meet demand for ever faster transfer speeds, Chairman and CEO Young Liu said on Friday.
Li Auto's luster fades with record quarterly loss, raising export stakes
TOKYO -- Li Auto, a Chinese electric vehicle manufacturer that raced to profitability, reported a $340 million net loss for the first quarter, sending its shares falling and highlighting growing pressure to export its way out of a cutthroat domestic price war.
Japanese and South Korean stock markets soar on anticipation of Iran deal
TOKYO -- Japan and South Korea stocks hit new historical highs on Friday amid expectations of a tentative deal between the U.S. and Iran, which some reports say would include removing restrictions on passage through the Strait of Hormuz, while tech-related stocks continued to drive up the benchmark indices.
Thai-Cambodia border clash fallout hits Japan auto industry
BANGKOK/HANOI -- A year since a border conflict broke out between Thailand and Cambodia, a Japan-backed economic corridor spanning the two countries remains severed, pushing up costs for Japanese automaker in the region.
Editor's Choice: When sanctions drive innovation, Huawei's 'Her's Law' challenge
Hello from Tokyo. In last week's newsletter, I mentioned South Korean memory giant SK Hynix. This past Wednesday, the company's market capitalization surpassed $1 trillion , marking a major milestone in Asia's corporate history: There are now three Asian companies in the "trillion-dollar club," the other two being Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics. In Japan, SoftBank Group, one of OpenAI's backers, is closing in on longtime market-cap leader Toyota
BYD's new 4-nm self-driving chip fails to dispel investors' growth concerns
HONG KONG -- BYD's announcement that it will produce its own cutting-edge 4-nanometer chips for autonomous driving was met with a muted initial response from investors, a sign that the Chinese EV king must do more to dispel concerns over growth.
India looks to Japanese steelmaker JVs to address import dependencies
BENGALURU -- Japanese steelmakers are accelerating investments in India, with major producers including JFE Steel, Nippon Steel and Sumitomo deepening cooperation with local companies as they look to tap a market growing faster than any other in the world and their Indian partners seek to curb import dependencies.
Kakao strike threat shows South Korea's workers growing bolder on pay
SEOUL -- Management at Kakao Corp., a major South Korean technology firm, is locked in an escalating dispute with its labor union over employee demands for a larger share of profits, reflecting a growing push by workers in the country for structural changes to compensation.
China's Innovent Biologics signs drug deal with Pfizer worth up to $10.5bn
SHENZHEN -- Chinese biotech firm Innovent Biologics on Friday said it had signed a licensing deal with U.S. pharmaceutical giant Pfizer for cancer drugs worth up to $10.5 billion.