Mitsubishi Electric and Sony Semiconductor Solutions are forming a joint venture called Advanced Vision Solutions to develop AI-powered sensors for industrial applications, aiming to accelerate factory automation amid growing labor shortages.
Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, is reportedly planning to increase its prices by as much as 10% starting in 2027 to offset rising operational and expansion costs.
Shares of Chinese sportswear retailer Topsports International Holdings fell over 26% to an all-time low after Nike announced it would end their online sales partnership in mainland China, effective 2027.
South Korean tech giant Samsung is reportedly in discussions to invest hundreds of millions of euros in AI startup Mistral, in a funding round that would value the French company at approximately €20 billion.
Taiwan-based Wistron has launched a $700 million factory in Fort Worth, Texas, to manufacture Nvidia's advanced AI systems, including the GB300 Grace Blackwell Superchip, signaling a significant expansion of AI hardware production in the U.S.
Asian markets advanced Wednesday, led by a surge in South Korean technology shares, as investors followed a positive lead from Wall Street. The rally occurred despite rising oil prices amid heightened geopolitical tensions in the Middle East.
The U.S. House of Representatives approved a temporary spending bill to fund government operations through early December, but the measure faces an uncertain future in the Senate amid partisan divisions.
The Shenzhen-listed optical components maker plans to raise up to HK$55.05 billion ($7 billion) in what could be Hong Kong's largest share sale since 2019, capitalizing on strong investor demand for AI-related technologies.
President Trump has reportedly approved a 30-year agreement worth tens of billions of dollars to help Saudi Arabia develop a civilian nuclear program, giving U.S. companies a central role, according to The Wall Street Journal.
