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Highlights of the Interim Results for the Six Months Ended June 30, 2024: With the increasing demand for chips from AI technology-related industries, orders for AI chip orders from Comtech continued to rise, driving the Group’s revenue up by 11.9% year-on-year to RMB4,321.4 million. The Group recorded a gross profit of approximately RMB457.6 million and a net profit of approximately RMB169.1 million. Profit attributable to equity shareholders […]

Nvidia’s stock took a sharp decline on Thursday as the company’s financial outlook failed to meet the sky-high expectations set by Wall Street. The market reaction was swift after Nvidia’s earnings report, which revealed a strong performance in the second quarter but also signaled potential challenges ahead, particularly concerning delays in the release of its next-generation Blackwell chip. Despite reporting a quarterly revenue of over $28 billion, […]

HONG KONG SAR – Media OutReach Newswire – 28 August 2024 – The Hong Kong Polytechnic University (PolyU) researchers and academic-led startup teams participated for the first time at the HICOOL 2024 Global Entrepreneur Summit and Entrepreneurship Competition, showcasing seven groundbreaking research projects that highlight the University’s exceptional capabilities in research and knowledge transfer. As the only tertiary institution in Hong Kong involved in multiple national space […]

BEIJING, CHINA – Media OutReach Newswire – 28 August 2024 – As a pioneer in high-quality development for the new era, Beijing E-Town (BDA) is seizing the opportunity to lead the development of the embodied intelligent robot industry. The plan is to build a domestically leading and internationally first-class demonstration city for the embodied intelligent robot industry in two steps. “By the end of 2026, we aim […]

SHENZHEN, CHINA – Media OutReach Newswire – 24 August 2024 – The elexcon2024 Shenzhen International Electronics Show hosted by Shenzhen Creativity Exhibition Co., Ltd. will open in Shenzhen Convention and Exhibition Center (Futian) from August 27 to 29,2024. The exhibition brings together the global electronics technology elites, comprehensively displaying the latest full-stack technologies and products, and aiming to promote the recovery of the electronics industry and meet […]

Illuminating a collection of seven artworks by renowned artists and eight public art benches by designers – offering shoppers and art enthusiasts a unique community-inspired artistic experience SINGAPORE – Media OutReach Newswire – 22 August 2024 – One Holland Village mall has unveiled its latest artwork, Singapore Sun by Dale Chihuly. Situated at the mall’s Village Green, the stunning artwork rounds up the carefully curated medley of […]

XIONG’AN, CHINA – Media OutReach Newswire – 22 August 2024 – Over the past seven years since its establishment, Xiong’an New Area in Hebei Province, north China, has intensified efforts to relieve Beijing of functions non-essential to its role as China’s capital, with the demonstration effect of central enterprises clustering initially emerging. The market economy vitality has continued to burst forth, with the rapid development of the […]

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The global AI chip market is projected to surge to a staggering $311.58 billion by 2029, driven by rapid advancements in high-performance computing and the increasing integration of AI across industries. According to the latest industry reports, the market, which was valued at approximately $11 billion in 2020, is expected to witness a compound annual growth rate (CAGR) of around 40% over the forecast period. AI chips, […]

BEIJING, CHINA – Media OutReach Newswire – 20 August 2024 – Recently, at the press conference for the 2024 World Robot Conference (WRC 2024), it was announced that Beijing Economic-Technological Development Area (BDA or Beijing E-Town) will focus on key segments of the industrial chain, intensify efforts in tackling critical technologies, implement 50 demonstration projects for application scenarios, launch a series of “Robotics+” application demonstrations, expand typical […]

Intel is preparing to release a critical microcode update aimed at resolving an issue that has affected its 13th Gen processors since their launch. The update, expected by mid-August, comes after months of reported performance inconsistencies, which have frustrated users and garnered attention from industry analysts. The microcode issue, which involves the firmware embedded in the processors, has been linked to a variety of problems, including unexpected […]

HONG KONG SAR – Media OutReach Newswire – 19 August 2024 – Quantum simulation enables scientists to simulate and study complex systems that are challenging or even impossible using classical computers across various fields, including financial modelling, cybersecurity, pharmaceutical discoveries, AI and machine learning. For instance, exploring molecular vibronic spectra is critical in understanding the molecular properties in molecular design and analysis. However, it remains a long-standing […]

Broadened network to provide global coverage for gaming clients ISTANBUL, TÜRKİYE – Media OutReach Newswire – 14 August 2024 – TDCX, an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies, is deepening its support for clients in the gaming sector with the expansion of its campus in Istanbul, Türkiye. The country has seen an increase in the number of gaming start-ups over the […]

Apple is set to open its iPhone’s NFC payment chip to third-party developers, marking a significant shift in how the company handles contactless payments. Starting with the release of iOS 18.1 later this year, third-party developers will be able to integrate their own payment solutions directly into iPhone apps, bypassing the need to rely solely on Apple Pay. This change is part of a broader effort by […]

Partnership will empower Prudential’s 15,000 employees to use AI to better serve its customers, with end-to-end support from Google Cloud New ‘AI Lab’ will initially focus on use cases that deliver better healthcare experiences and operational excellence HONG KONG SAR – Media OutReach Newswire – 15 August 2024 – Prudential plc (Prudential) and Google Cloud today announced an expanded strategic partnership to build innovative AI-powered products and […]

HONG KONG SAR – Media OutReach Newswire – 13 August 2024 – As global warming intensifies, people increasingly suffer from extreme heat. For those working in a high-temperature environment indoors or outdoors, keeping thermally comfortable becomes particularly crucial. A team led by Dr Dahua SHOU, Limin Endowed Young Scholar in Advanced Textiles Technologies and Associate Professor of the School of Fashion and Textiles of The Hong Kong […]

Saudi Arabia is making significant strides in the semiconductor industry as part of its broader technological ambitions, with the Kingdom positioning itself as a pivotal player on the global stage. This move comes as countries worldwide compete to secure their place in the semiconductor supply chain, a critical component of modern technologies such as artificial intelligence (AI), electric vehicles, and smartphones. The Kingdom’s strategic initiative involves a […]

The Raspberry Pi Foundation has officially launched the Raspberry Pi Pico 2, a powerful microcontroller priced at just $5, offering makers and developers a cost-effective platform packed with features. A standout element of this launch is the introduction of the RP2350 chip, which supports both RISC-V and Arm Cortex-M33 microarchitectures, marking a significant shift in the microcontroller landscape. This dual-core microcontroller allows users to choose between the […]

Establishing Extensive Connections with Thailand’s Innovation Ecosystem as 8 Thai Startups Successfully Land at HK Science Park HONG KONG SAR – Media OutReach Newswire – 8 August 2024 – Hong Kong Science and Technology Parks Corporation (HKSTP) is leading 14 pioneering startups to the Techsauce Global Summit 2024, Southeast Asia’s premier innovation and technology flagship event, from 7-9 August in Bangkok, Thailand. The participation aims to support […]

Singapore turns 59! Party it up with unbeatable deals of up to 59% off, and revel in the best of homegrown brands with iShopChang! From exclusive offers and discounts on local brands to sitewide festive steals, it’s time to celebrate big and save big! SINGAPORE – Media OutReach Newswire – 6 August 2024 – From 1 to 31 August 2024, travellers and non-travellers can join in the […]

HONG KONG SAR – Media OutReach Newswire – 30 July 2024 – PolyU research teams garnered nine prestigious awards at the 2024 Silicon Valley International Inventions Festival (SVIIF), including a semi-grand prize, two special prizes, five gold medals and one silver medal. PolyU research teams garnered nine prestigious awards at the 2024 Silicon Valley International Inventions Festival, including a semi-grand prize, two special prizes, five gold medals […]

The world’s richest individual, Elon Musk, has sounded the alarm on the United States’ fiscal health, declaring, “America is going bankrupt btw,” on his social media platform, X. This stark pronouncement was made in response to a post by Billy Markus, the creator of Dogecoin, who highlighted a startling headline: “Interest Payments on US National Debt Will Shatter $1,140,000,000,000 This Year – Eating 76% of All Income […]

By Nantoo Banerjee At a time when one after another foreign firms are abandoning China in protest of repression, the Indian government is, instead of inviting these global firms to start operations in the country, freshly looking at foreign direct investments (FDIs) from China. India is believed to have decided to relax visa restrictions on […]

Arabian Post Staff Nvidia’s stock is under pressure today, following a series of unsettling developments in the tech sector. The company’s shares are falling as broader market concerns and specific company challenges converge. This drop signals significant shifts that traders need to navigate carefully. Several factors are contributing to Nvidia’s stock decline. A major reason is the reduced growth forecast for the global semiconductor market, which has […]

Cost-efficient, high-performance computing for small business needs SINGAPORE – Media OutReach Newswire – 24 July 2024 – ASUS today announced an all-new range of servers, workstations and motherboards driven by the power of AMD EPYC™ 4004 CPUs – heralding next-level performance and density. The new offerings include: ASUS Pro ER100A B6, a compact, 1U rack server; ASUS ExpertCenter Pro ET500A B6, a power-efficient Zen 4 workstation, ASUS […]

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