Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, has reported a significant 54% surge in its third-quarter profit, driven by unprecedented demand for chips used in artificial intelligence (AI) applications. TSMC, whose clientele includes tech giants like Apple...

Nestle is undergoing significant changes in its senior leadership and organizational structure as it grapples with weaker-than-expected sales growth. The Swiss food giant, famous for brands like Nescafe and Maggi, announced the revamp following a cut in its full-year sales forecast due to...

In a significant move aimed at countering the growing influence of Arm Holdings, Intel and Advanced Micro Devices (AMD) have announced a new partnership to ensure greater compatibility of software across their respective chips. The collaboration highlights the increasing pressure both companies...

China's Chery Automobile is rapidly expanding its presence in Russia, taking advantage of the vacuum left by Western carmakers who exited the country following Moscow's 2022 invasion of Ukraine. The company’s move to begin assembling cars in three former Volkswagen, Mercedes-Benz, and Nissan...

Hyundai Motor India, the Indian subsidiary of South Korean automotive giant Hyundai, is preparing for its highly anticipated initial public offering (IPO) with a price range of 1,865 rupees ($22) to 1,960 rupees ($23) per share. This offering marks Hyundai’s first-ever listing outside South Korea...

Samsung Electronics is set to announce a substantial increase in its quarterly profits, primarily due to rising demand for chips. However, industry experts warn that the company is struggling to capitalize on the rapid growth in the artificial intelligence (AI) sector, which could impact its...

BP has decided to shift its strategy back toward oil and gas investments, abandoning its earlier target to cut output by 2030. This move comes as CEO Murray Auchincloss seeks to restore investor confidence following a significant drop in the company’s share price. Three sources with knowledge of...

Rio Tinto is reportedly in discussions to acquire lithium miner Arcadium, a deal that could significantly reshape the lithium production landscape and position Rio as the third-largest producer of this critical electric vehicle (EV) battery metal. This move highlights the ongoing industry...

Stellantis NV, one of the world’s largest automakers, slashed its annual forecast and warned of greater-than-expected cash burn, citing intensifying industry challenges, rising costs in the U.S., and increasing competition from Chinese electric vehicle (EV) manufacturers. Stellantis' announcement...

Aston Martin’s recent announcement of lower annual core profits and reduced production volumes due to supply chain disruptions and weakening demand in China has sent shockwaves through the luxury auto industry. The British carmaker, revered for its high-end sports cars, is the latest European...

In the wake of escalating U.S. trade restrictions on the export of advanced AI chips, ByteDance, the Chinese tech giant and parent company of TikTok, is increasingly turning to domestic chip suppliers, particularly Huawei Technologies. This strategic pivot underscores ByteDance’s drive to sustain...