GlobalFoundries is the third-largest contract chipmaker globally, after TSMC and Samsung. Go to Source
Author: Tech In Asia Online News
Nio misses revenue targets, faces loss amid Tesla pressure
Nio’s gross margin improved to 10.7%, rising from 8% the previous year despite lower revenue. Go to Source
Ex-Zalora, Grab execs’ logistics firm nets $9m pre-series B
The funding aims to enhance Locad’s AI-driven logistics capabilities and support international expansion plans. Go to Source
Tesla shares jump nearly 8% on Trump’s self-driving policy
According to Bloomberg News, Tesla’s stock rose 7.98% in U.S. premarket trading as of 6:11 a.m. ET. Go to Source
Xiaomi Q3 revenue jumps 30.5%, boosted by electric car sales
The company surpassed analyst expectations with revenue of US$12.77 billion, for the quarter ending September 30. Go to Source
Indian flying taxi startup secures $14m series B
The ePlane Company is aiming for a full-scale launch by 2026. Go to Source
Huawei, Nissan collaborate for digital cockpit in vehicles
Nissan’s digital cockpit initiative is the first automotive use of Huawei’s HarmonyOS. Go to Source
OpenAI to launch autonomous tool in January
The timeline for the Operator’s wider release is not yet confirmed amid competition among tech firms. Go to Source
Geely eyes $95m rescue of German flying taxi firm
This potential deal would lower Volocopter’s valuation from US$1.9 billion in 2022 to about US$110 million. Go to Source
Grab returns to profit in Q3, raises 2024 revenue forecast
Group-adjusted Ebitda is US$90 million for the quarter, an improvement of 224% year on year. Go to Source