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China cements global lead in smart vacuums as Picea acquires Roomba maker iRobot
South China Morning Post264d agoneutral
China cements global lead in smart vacuums as Picea acquires Roomba maker iRobot

Chinese robotics manufacturers are set to cement their dominance in the global smart vacuum market with Picea Robotics' acquisition of Roomba maker iRobot, after the US firm's proposed sale to Amazon.com last year fell through due to regulatory hurdles. China-based suppliers held the top five spots for worldwide smart robotic vacuum shipments in the first three quarters of 2025, led by Roborock with a 21.7 per cent market share, equal to 3.8 million units, according to data from research firm ID

Moore Threads' IPO frenzy energises China's home-grown GPU drive
South China Morning Post284d agoneutral
Moore Threads' IPO frenzy energises China's home-grown GPU drive

Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the initial public offering (IPO) of Beijing-based graphics processing unit (GPU) maker Moore Threads drawing more than 4,000 times subscription from retail investors this week. The red-hot demand for Moore Threads highlights China's determination to build home-grown alternatives to Nvidia's chips, and is expected to accelerate listing plans for other domestic GPU developers, from MetaX to Biren Technology. C

France's CMA CGM places first vessel order in India
Reuters327d agoneutral
France's CMA CGM places first vessel order in India

PARIS (Reuters) -France's CMA CGM on Tuesday announced a first-ever order for Indian-built vessels, saying the country's focus on shipping infrastructure created an opportunity to diversify the

Exclusive-South Korea's LG Energy was using US visa workarounds before Trump, documents show
Reuters353d agoneutral
Exclusive-South Korea's LG Energy was using US visa workarounds before Trump, documents show

SEOUL (Reuters) -South Korea's LG Energy Solution was using workarounds to U.S. visa restrictions well before Donald Trump returned as president and his administration launched a massive crackdown that detained hundreds of LG workers, internal documents show. LG Energy Solution's reliance on a visa waiver programme started under Trump's predecessors, reflecting long-running problems South Korean companies say they face in getting short-term visas for specialists they need for their high-tech plants in the U.S. Company guidelines, detailed in the August 2023 LG documents seen by Reuters, advise employees and subcontractors to use the short-term Electronic System for Travel Authorization waiver programme, avoiding business visa procedures, after many visa applications had been rejected.

Factbox-What Apple, Samsung wanted from Google search case
Reuters370d agoneutral
Factbox-What Apple, Samsung wanted from Google search case

A ruling in the U.S. search antitrust case against Alphabet's Google on Tuesday is a win for mobile phone manufacturers including Apple and Samsung, who a judge said Google can keep paying  to be the default search engine on new devices. Google has said it will file an appeal in the case, meaning the ruling is not likely to take effect immediately. The iPhone maker supported requiring Google to share its search data with artificial intelligence competitors such as OpenAI, Anthropic, Perplexity, and said it plans to offer more AI-driven options in search.

Nuburu announces initial stake in Tekne, U.S. joint venture launch
TipRanks381d agoneutral
Nuburu announces initial stake in Tekne, U.S. joint venture launch

Nuburu (BURU) announced the successful execution of the first milestone under the phased acquisition plan for Tekne established following formal notice received from the Italian government under the “Golden Power” framework. Through its new subsidiary, Nuburu Defense, the company secured an initial equity stake equal to the maximum interest permitted under current Golden Power regulatory thresholds and agreed to an action plan that, by utilizing the Luxembourg investment vehicle TCEI, will pave

South Korea says timing of U.S. tariff cut on autos not decided
Reuters397d agoneutral
South Korea says timing of U.S. tariff cut on autos not decided

SEOUL (Reuters) -South Korea's Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on the country's car exports to the U.S. from the current level of 25%. President Donald Trump said last week the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally. The 15% U.S. tariffs on most items coming from South Korea are due to take effect starting from Thursday.

South Korea says timing of U.S. tariff cut on autos not decided
Reuters397d agoneutral
South Korea says timing of U.S. tariff cut on autos not decided

SEOUL (Reuters) -South Korea's Industry Minister Kim Jung-kwan said on Wednesday that Seoul needs to hold further discussions with Washington on the timing of the promised tariff cuts on the country's car exports to the U.S. from the current level of 25%. President Donald Trump said last week the U.S. will charge a 15% tariff on imports from South Korea, including autos, as part of a deal that eases tensions with a top-10 trading partner and key Asian ally. The 15% U.S. tariffs on most items coming from South Korea are due to take effect starting from Thursday.

LG Innotek to take stake in lidar maker Aeva as part of $50 million deal
Reuters405d agoneutral
LG Innotek to take stake in lidar maker Aeva as part of $50 million deal

SAN FRANCISCO (Reuters) -Aeva Technologies said on Tuesday that South Korean camera module maker LG Innotek will take an equity stake in Aeva as part of a $50 million strategic collaboration. Aeva makes lidar sensors that help vehicles and industrial equipment gain a detailed three-dimensional view of their environment and detect how fast surrounding objects are moving. It supplies sensors to vehicle firms such as Daimler Truck and industrial equipment makers such as Nikon.