Tongfu to raise CNY5.5 billion for capacity expansions
China-based OSAT Tongfu Microelectronics plans to raise up to CNY5.5 billion (US$854 million) to fund its upcoming capacity expansions for a variety of segments, according to industry sources......»»
AI-fueled phishing scams raise alarm ahead of U.S. presidential election
Highlighting growth of phishing and digital scams targeting United States citizens, Bolster released a research that identified 24 separate nation-state threat actor groups attempting to exploit rising political tensions across the US to interfere wi.....»»
Lucid reports Q2 net loss of $790 million; Saudi fund pledges additional $1.5 billion to the startup
Lucid delivered a record in the quarter and plans to launch a crossover this year. Lucid said its largest shareholder, Saudi Arabia's Public Investment Fund, will inject $1.5 billion in cash......»»
The Higgs particle could have ended the universe by now—here"s why we"re still here
Although our universe may seem stable, having existed for a whopping 13.7 billion years, several experiments suggest that it is at risk—walking on the edge of a very dangerous cliff. And it's all down to the instability of a single fundamental part.....»»
Cambodia PM launches project linking Mekong river to sea via canal
Cambodia's Prime Minister Hun Manet on Monday launched a controversial $1.7 billion canal project that aims to provide a new link from the Mekong River to the sea......»»
Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen
Rivian's second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to cut costs and freshen the R1T pickup and R1S crossover for the 2025 model year......»»
Save our waves: Surfing pumps $2.71 billion into the Australian economy and boosts well-being
Ever since Polynesian pioneers took to the ocean on wooden rafts, people have been hooked on riding waves. Today, surfing is one of the world's fastest-growing sports and one of the latest additions to the Olympic games......»»
Apple reports record Q3 2024 earnings with $85.78 billion in revenue
Apple has revealed its full earnings report for the fiscal third quarter of 2024. The company reported $85.78 billion in revenue during the three-month period, covering April, May, and June. Net profit for the quarter came in at $21.45 billion, and e.....»»
Tim Cook says Apple is spending more to get Apple Intelligence ready for launch this fall
Apple on Thursday announced the results of its third fiscal quarter of 2024, with $85.78 billion in revenue from April to June. The company’s sales grew by 5%, and it seems that its executives have high expectations for the future. That’s because.....»»
iPhone 16 Pro Max battery capacity boost corroborated; slight variance in Pro model
There have been a number of reports about the batteries in the iPhone 16 line-up, and a new one corroborates an earlier report of a 5% boost in the iPhone 16 Pro Max battery capacity. It also supports an earlier report of a gain for the smaller iP.....»»
Both iPhone 16 Pro batteries rumored to get significant capacity increase
A new rumor further confirms that both models of the iPhone 16 Pro will get a battery capacity increase, with one of the pair getting a notably larger boost than the other.A battery being taken out of an iPhone [Apple]It's been rumored that the iPhon.....»»
Destiny 2 reportedly moving away from annual DLC following Bungie layoffs
A new report claims that following its latest round of layoffs, Bungie won't release annual expansions for Destiny 2......»»
The iPhone 16 Pro may have a larger battery than we expected
The iPhone 16 Pro may not have as small a battery capacity as we were fearing. A new leak has revealed details about both the 16 Pro and Pro Max......»»
AWS revenue growth soars once again as Amazon CEO calls for more AI
Amazon CEO Andy Jassy looks to up AWS capacity for AI even further......»»
CDK outage fuels 86% drop in Asbury Q2 net income
Lost business and one-time costs related to the CDK Global outage contributed to an 86 percent drop in Asbury's net income, though the retailer managed to post record revenue of $4.2 billion......»»
Aptiv Q2 net income soars
Aptiv also announced the start of a $5 billion share repurchase program......»»
Climate change may lead to shifts in vital Pacific Arctic fisheries
Marine fisheries are an essential source of protein for a large part of the world's population, as well as supporting around 390 million livelihoods and an industry worth approximately US$ 141 billion, according to the UN FAO. Yet, climate change pre.....»»
Penske Automotive Q2 net income falls 20% on higher interest costs
Penske Automotive Group net income dropped in the second quarter, though the auto retailer posted record second-quarter revenue of $7.7 billion......»»
Meta to pay $1.4 billion settlement after Texas facial recognition complaint
Facebook’s parent accused of gathering data from photos and videos without "informed consent." Enlarge (credit: SOPA Images/Getty) Facebook owner Meta has agreed to pay $1.4 billion to the state of Texas to settle clai.....»»
New, more sustainable method for manufacturing microchips and other nanoscale devices
Putting 50 billion transistors into a microchip the size of a fingernail is a feat that requires manufacturing methods of nanometer level precision—layering of thin films, then etching, depositing, or using photolithography to create the patterns o.....»»
From selfie injuries to viral stunts, social media can be risky for children. Could a ban help?
Australia is one of several countries currently considering a social media ban for children. Nationally, there are calls to raise the age a young person can legally use social media from 13 to 16, while South Australian premier Peter Malinauskas is l.....»»