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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 May 2025 – Kenanga Investors Berhad (“Kenanga Investors”) has been awarded Best Malaysia Large-Cap Equity Fund at the Morningstar Awards 2025, recognising the strong performance of the Kenanga Blue Chip Fund (“KBCF”). This achievement marks a significant milestone for the firm, as KBCF celebrates its third win at this prestigious award and continues to deliver consistent results across […]

The United States is deliberating the possibility of easing restrictions on Nvidia Corp.’s semiconductor sales to the United Arab Emirates , according to sources familiar with the ongoing discussions. The potential shift in policy comes as President Donald Trump is preparing for an upcoming visit to the Gulf region, where talks about a bilateral semiconductor deal could be initiated. Sources with direct knowledge of the matter disclosed […]

Gautam Adani’s conglomerate has suspended discussions with Israel’s Tower Semiconductor regarding a proposed $10 billion semiconductor manufacturing facility in Maharashtra, citing strategic and commercial uncertainties.

The project, approved by Maharashtra’s state government in September, aimed to produce 80,000 wafers per month and create approximately 5,000 jobs. It was envisioned as a significant step towards bolstering India’s semiconductor industry under the national ‘Make in India’ initiative.

According to individuals familiar with the matter, Adani Group’s internal evaluation raised concerns about the project’s viability, particularly regarding domestic demand for semiconductors. One source noted that the group questioned whether the Indian market could absorb the output, given its nascent stage in semiconductor consumption. UBS estimates indicate that India accounts for only 6.5% of global semiconductor demand, in contrast to the combined 54% share held by the United States and China.

Financial considerations also influenced the decision. While Tower Semiconductor was expected to provide technological expertise, Adani Group reportedly sought a more substantial financial commitment from its partner. A source indicated that Adani desired Tower to have “more skin in the game” financially, beyond its role as a technology provider.

Arabian Post Staff -Dubai Unveiling its latest flagship devices at a grand event in Singapore, POCO made a strong statement with the launch of the POCO F7 Ultra and POCO F7 Pro, positioning itself more firmly within the premium smartphone segment. The UAE market, where young, tech-savvy consumers are increasingly demanding top-tier performance without exorbitant pricing, is poised to become a key battleground for these new devices. […]

Technology stocks surged on April 24, 2025, lifting broader U.S. markets as optimism grew over easing tariff tensions between the United States and China. Investors responded positively to reports suggesting that trade officials from both countries were nearing a compromise to de-escalate tariffs imposed over the past two years. The Nasdaq Composite climbed 2.5% to close at 16,012.34, marking its highest level in over five months. The […]

The United Arab Emirates is making significant strides toward securing access to advanced semiconductors from the United States, following its commitment to invest $1.4 trillion in the American economy over the next decade. This investment aims to bolster the UAE’s position in the global artificial intelligence landscape and reduce its reliance on oil revenues.

Peng Xiao, CEO of G42, the UAE’s leading AI firm, stated that the country is making “very good and tangible progress” in obtaining advanced semiconductors from the U.S. This development comes after the UAE pledged substantial investments in U.S. sectors, including AI infrastructure, semiconductors, energy, and manufacturing.

The UAE’s efforts are part of a broader strategy to enhance its technological capabilities and establish itself as a global AI leader. The country has been working closely with U.S. tech giants, such as Microsoft and Nvidia, to develop AI infrastructure and applications. Notably, G42 has partnered with Nvidia to build on the U.S. firm’s Earth-2 platform, focusing on high-resolution climate and weather simulations.

In addition to these collaborations, the UAE has taken steps to address U.S. concerns regarding the security of advanced technologies. G42 has distanced itself from Chinese companies, ceasing business with entities on the U.S. export controls list and removing Huawei technology from its data centers. Peng Xiao emphasized that the UAE can “guarantee the safety and the security” of U.S.-made chips when deployed and used within the country.

The U.S. has responded positively to these measures, approving the export of advanced AI chips to a Microsoft-operated facility in the UAE for use by G42. This approval, which had been delayed due to concerns about technology leakage to China, comes with conditions to ensure the security of the chips. Microsoft must restrict facility access to personnel from countries under U.S. arms embargoes or listed on the Bureau of Industry and Security Entity List.

Google’s unveiling of its Willow quantum processor marks a significant stride in its quest to reclaim leadership in advanced computing. Developed at the company’s Quantum AI campus in Santa Barbara, California, Willow is a 105-qubit superconducting chip capable of executing complex computations in mere minutes—tasks that would take classical supercomputers an unfathomable 10 septillion years. This advancement arrives as Google faces intensified competition in artificial intelligence, with […]

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Facing impending tariffs on imported semiconductors, NVIDIA and AMD are intensifying their commitment to domestic production, leveraging Taiwan Semiconductor Manufacturing Company’s expanding facilities in Arizona. This strategic shift aims to mitigate the financial impact of proposed duties ranging from 25% to 100% on foreign-made chips, as announced by President Donald Trump. NVIDIA has unveiled plans to invest approximately $500 billion over the next four years to bolster […]

Apple is advancing its mixed-reality ambitions with plans to introduce two new Vision Pro models and a separate line of augmented reality glasses designed for extended daily use. These developments reflect the company’s strategic shift towards a diversified product lineup in the spatial computing sector. The second-generation Vision Pro, internally codenamed N109, is slated for release between late 2025 and early 2026. This model is expected to […]

President Donald Trump has affirmed that Chinese-made electronics, including smartphones and laptops, will not be exempt from U.S. tariffs, signaling a continuation of his administration’s protectionist trade policies. Despite a temporary 90-day pause on certain tariffs, Trump clarified that these products remain subject to existing levies and may face additional duties under national security considerations. Commerce Secretary Howard Lutnick announced that electronics will be reclassified under semiconductor […]

IBM has unveiled the z17 mainframe, a system engineered to enhance artificial intelligence capabilities within enterprise environments. Central to this advancement is the IBM Telum II processor, featuring eight high-performance cores operating at 5.5GHz. This processor integrates an AI accelerator core and a coherently attached Data Processing Unit , collectively designed to deliver low-latency, high-throughput in-transaction AI inference, addressing complex transactional demands across industries such as finance, […]

AMD is preparing to launch the Ryzen Z2 Extreme processor in early 2025, a move anticipated to significantly enhance performance and battery life in handheld gaming devices. This development follows the success of the Ryzen Z1 Extreme, which powered devices like the Asus ROG Ally X and Lenovo Legion Go. The Z2 Extreme is expected to feature eight CPU cores—a combination of three high-performance Zen 5 cores […]

A significant proportion of Chief Information Officers are exceeding their allocated budgets for cloud infrastructure and applications, according to a recent survey conducted by Azul, a company specialising in Java platforms. The study, which gathered insights from 300 CIOs across the United States, found that 83% reported spending an average of 30% more than initially anticipated, while a mere 2% managed to stay under budget. Despite these […]

MemryX Inc., a semiconductor company specializing in edge artificial intelligence solutions, has announced the completion of a $44 million Series B funding round. The investment aims to scale the production of its MX3 AI accelerator and further the development of its next-generation MX4 chip. Founded in 2019 and based in Ann Arbor, Michigan, MemryX has focused on creating energy-efficient AI accelerators designed for edge computing applications. The […]

Highlights of the Annual Results for the Year Ended December 31, 2024: With rising demand for chips from AI technology-related industries, AI chip orders from Comtech continued to grow, driving the Group’s revenue up by 14.3% year-on-year to RMB10,129.1 million. The Group recorded a gross profit of approximately RMB889.4 million and a net profit of approximately RMB273.5 million. Profit attributable to equity shareholders of the Company was […]

I’m often asked where I invest my own money—by clients, advisers, even industry peers. And in a year like this one, when the world is being reshaped by the policies of President Trump, market volatility, and fast-moving tech cycles, the question feels more urgent than ever. We’ve seen a 10% drop in markets this year. Historically, that’s not unusual—since 1950, there have been over 30 such corrections. […]

China’s cloud computing sector is on track for substantial expansion in 2025, driven by increased investments from major technology firms and a surge in demand for artificial intelligence capabilities. Industry projections indicate that the public cloud market in China is expected to reach $74.13 billion in 2025, with Infrastructure as a Service leading the segment.

In the third quarter of 2024, spending on cloud infrastructure services in mainland China grew by 11% year-over-year, totaling $10.2 billion. This growth marks a return to double-digit increases, highlighting the sector’s resilience and upward trajectory.

Leading Chinese tech companies are making significant investments to bolster their cloud and AI infrastructure. Alibaba Cloud, for instance, announced a $52.6 billion investment over three years to enhance its cloud computing and AI capabilities. Similarly, Meituan has committed billions toward acquiring chips for AI model training, underscoring the competitive drive among Chinese firms to advance in the AI arena.

Despite these aggressive investments, concerns about potential overcapacity in AI data centers have emerged. Alibaba Chairman Joe Tsai cautioned about a possible bubble in AI data center construction, noting that substantial investments are being made without guaranteed future demand. He highlighted that major tech companies are investing heavily in AI infrastructure, which may not be justified by future needs.

In the global context, Chinese cloud providers are expanding their presence overseas. Alibaba Cloud, for example, launched its first data center in Mexico, marking its entry into the Latin American market and reflecting a broader strategy to extend its global footprint.

While China’s cloud market is experiencing robust growth, it still trails behind global leaders. In the fourth quarter of 2024, worldwide cloud infrastructure services spending reached $86 billion, with Amazon Web Services maintaining a 33% market share. In comparison, Alibaba Cloud held approximately 4% of the global market during the same period.

ArmSoM has introduced the Forge1, an industrial-grade single-board computer priced at $23, designed to cater to embedded applications such as smart audio, human-machine interfaces , and factory automation. The Forge1 is powered by the Rockchip RK3506J system-on-chip , featuring a triple-core Cortex-A7 processor capable of reaching speeds up to 1.5 GHz, complemented by an Arm Cortex-M0 real-time core. This configuration is tailored for tasks requiring efficient processing […]

Samsung Electronics has announced the sudden passing of its co-chief executive officer, Han Jong-Hee, who died on Tuesday at the age of 63 due to cardiac arrest. Han was instrumental in overseeing the company’s consumer electronics and mobile devices divisions.

Han’s tenure at Samsung began in 1988, with a significant portion of his career dedicated to the television sector. Under his leadership, Samsung ascended to become the world’s leading TV manufacturer. In 2022, he was appointed as co-vice chairman and CEO, roles in which he continued to drive innovation and market dominance in consumer electronics.

His unexpected death comes at a challenging time for Samsung. The company has been grappling with declining earnings and a decrease in share prices, having lost its leading position in smartphone sales to Apple in 2024. Additionally, Samsung has faced setbacks in the advanced memory chip market, trailing behind competitors such as SK Hynix and TSMC.

The company’s leadership had previously acknowledged these difficulties, describing the current period as a “crisis” for Samsung. Factors contributing to this situation include losing AI chip supply contracts to rivals and ceding the top smartphone sales position to Apple.

In light of Han’s passing, co-CEO Jun Young-Hyun, who has been leading the semiconductor division, is set to assume the role of sole CEO. Jun’s leadership will be pivotal as Samsung navigates these turbulent times, aiming to reclaim its competitive edge in the technology sector.

Han’s contributions to Samsung were profound, particularly his efforts in transforming the company’s television business into a global powerhouse. His strategic vision and dedication have left an indelible mark on the company and the broader consumer electronics industry.

The Central Bank of the United Arab Emirates has issued a new Dh100 polymer banknote, marking a significant advancement in the nation’s currency design. This initiative aligns with the UAE’s commitment to sustainability and innovation within its financial sector.

The newly released banknote showcases the Umm Al Quwain National Fort on the front, symbolizing the UAE’s rich cultural heritage. The reverse side features the Port of Fujairah alongside an image of Etihad Rail, representing the country’s ongoing infrastructural development and future aspirations. The note retains the traditional red color scheme of the existing Dh100 note to ensure easy recognition among the public.

Constructed from durable polymer material, the banknote offers an extended lifespan compared to its paper counterparts, aligning with environmental sustainability goals. Polymer banknotes are known to last significantly longer than paper notes, resulting in a reduced environmental impact and lower costs associated with production and replacement.

Incorporating advanced security features, the new Dh100 note includes a multi-colored security chip known as KINEGRAM COLORS®. This feature enhances protection against counterfeiting and bolsters public confidence in the currency. Additionally, the note is designed with Braille symbols to assist visually impaired individuals in identifying its denomination, promoting inclusivity in financial transactions.

Khaled Mohamed Balama, Governor of the CBUAE, emphasized that the introduction of the new banknote reflects the UAE’s dedication to a sustainable future and its ambition to enhance financial competitiveness. He highlighted that the design embodies the nation’s aspirations for progress while honoring its historical and cultural roots.

Siemens, Europe’s largest industrial technology company, has partnered with Minima, a pioneer in decentralized blockchain technology, to integrate blockchain capabilities into its devices across the automotive, robotics, energy, and healthcare sectors. This collaboration aims to bolster data integrity and security in the rapidly evolving landscape of connected industrial systems. The partnership is facilitated through Siemens Cre8Ventures, an initiative dedicated to accelerating industrial transformation by collaborating with startups […]

Arabian Post Staff -Dubai President Donald Trump hosted Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates’ National Security Adviser and Deputy Ruler of Abu Dhabi, at the White House on Tuesday evening. The meeting underscored the enduring ties between the two nations and focused on enhancing cooperation in technology and investment sectors. In a statement following the dinner, President Trump highlighted the significance of the […]

Investcorp, a global alternative investment firm, has acquired a majority stake in Miebach Logistik Holding GmbH, a leading German supply chain and logistics consultancy. The transaction, announced on 17 March 2025, will see Miebach’s existing equity partners retain a significant minority share. Financial details of the deal have not been disclosed, and completion is anticipated in the second quarter of 2025, pending regulatory approvals. Established in 1973 […]

Sheikh Tahnoun bin Zayed Al Nahyan, the United Arab Emirates’ National Security Adviser and brother to President Mohamed bin Zayed, is set to visit Washington. His agenda includes advocating for relaxed U.S. export controls on advanced semiconductors essential for artificial intelligence development and exploring investment opportunities within the United States. The U.S. government has recently tightened export restrictions on AI chips produced by companies like Nvidia, limiting […]

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