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Business - APAC BUSINESS HEADLINES

Business

China’s iPhone Sales Capture Top Spot in May 2025

Apple Inc. has reclaimed its position as the leading smartphone brand in China, with iPhone sales capturing the top spot in May 2025, according to data from Counterpoint Research....

Hyundai Exits India’s Ola Electric as Kia Cuts Stake in $80 Million Share Sale

In a notable development in India’s electric vehicle (EV) sector, South Korean automakers Hyundai Motor and Kia Corporation...

Foxconn Eyes $3 Billion Acquisition of Singapore’s UTAC in Semiconductor Expansion

In a significant development within the global semiconductor industry, Taiwan’s Foxconn Technology Group, officially known as Hon Hai...

Google One Hits 150 Million Subscribers AI Revolution Is Here!

Alphabet’s Google One subscription service has recently surpassed 150 million subscribers, marking a significant milestone fueled by the...

Asian Airlines Re-routes and Cancels Flights Amid India-Pakistan Conflict

Several Asian airlines have been forced to reroute or cancel flights due to the escalating conflict between India...

Mitsubishi Electric Seeks Strategic Alliances to Lead Power Chip Innovation in Japan

Mitsubishi Electric is actively exploring the formation of alliances in Japan to strengthen its position in the rapidly evolving power semiconductor sector. This decision...

China Escalates Chip War with Antitrust Probe Into Nvidia

The escalating chip war between the United States and China has entered a new phase as Chinese regulators launch an antitrust probe into Nvidia,...

Tenstorrent and BOS: Pioneering the Future of Automotive AI Chips

Tenstorrent, a leading U.S.-based AI hardware company, has partnered with South Korea's BOS Semiconductors to develop next-generation automotive chips. Backed by automotive giant Hyundai,...

General Motors Halts Robotaxi Operations: A Wake-Up Call for Autonomous Driving

In a surprising pivot, General Motors (GM) has halted operations of its autonomous vehicle subsidiary, Cruise, amid growing scrutiny and financial losses. This decision...

China’s New Energy Vehicles Dominate the Market, Leaving Japan and Europe Behind

China’s new energy vehicles (NEVs) market has experienced rapid growth, establishing itself as a dominant force in the global automotive industry. With strong domestic...

TikTok’s US Future in Jeopardy After Court Ruling: What’s Next for the App?

TikTok's presence in the United States faces increasing uncertainty as a federal appeals court ruling sets the stage for a potential ban or forced...