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China cements global lead in smart vacuums as Picea acquires Roomba maker iRobot
South China Morning Post270d 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

35-year-old consumer company files Chapter 11 bankruptcy
TheStreet270d agobearish
35-year-old consumer company files Chapter 11 bankruptcy

The 35-year-old company behind the robotic vacuum Roomba, iRobot (IRBT), has filed for a pre-packaged Chapter 11 bankruptcy, prompting worry among millions of loyal customers that they're time-saving house cleaner will soon become "a brick." Since the first Roomba launched in 2022, iRobot has sold ...

Moore Threads' IPO frenzy energises China's home-grown GPU drive
South China Morning Post290d 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
Reuters333d 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

Albuquerque Journal, N.M.335d agobullish
Santa Fe's Solstar enters $15 million partnership with Momentus for in-space communication services

Oct. 13—One small step for man, one giant leap for Solstar Space Co. The Santa Fe-based company on Monday entered into a $15 million partnership with Momentus, a group based in California offering commercial satellite buses and in-space infrastructure services. "This is just a fantastic opportunity for us to test our first commercial product, that's the Deke Space Communicator, on board with ...

Exclusive-South Korea's LG Energy was using US visa workarounds before Trump, documents show
Reuters359d 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.

South Korea's HD Hyundai Heavy in talks to buy US shipyard
Reuters360d agobullish
South Korea's HD Hyundai Heavy in talks to buy US shipyard

ULSAN, South Korea (Reuters) -South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry. The world's largest shipbuilder based on orders is targeting 3 trillion won ($2.2 billion) in annual revenue by 2035 from building warships for the U.S. Navy, said Woo-maan Jeong, head of planning and management for HD Hyundai's naval and special ship unit, in an interview at its Ulsan headquarters. "The U.S. is apparently facing a situation that pushes it to inevitably open the shipbuilding market," said Jeong, given the widening gap in naval capabilities between the United States and China and the lack of sufficient U.S. capacity for building warships.

Factbox-What Apple, Samsung wanted from Google search case
Reuters376d 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
TipRanks387d 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