Korean Won, Chinese Yuan Set to Gain as US Interest Rates Expected to Drop The South Korean won, Chinese yuan and Indian rupee are expected to strengthen this year as the U.S. cuts its benchmark interest rate...
Adobe (ADBE) Faces Tough Competition as OpenAI's Sora Enters Video AI Market According to an analysis, Adobe (ADBE), a company that sells software for creating and editing content such as graphics, text, and video, faces concerns about intensifying competition after the unveiling of Open AI’s video AI Sora. Adobe’s stock price fell 7.4% on the 16th (local time). This is interpreted as a result of heightened competition […]
Investors Eye 'Sora': OpenAI's Breakthrough Technology Ignites Stock Market The era of true multimodal AI has begun The importance of multimodal AI is increasingly recognized in the global artificial intelligence (AI) market. Open AI / Ascannio-shutterstock.com Global AI companies like OpenAI and Google are accelerating their competition to secure multimodal AI technology that can comprehensively analyze and understand complex data such as images, […]
Chinese Electric Car Maker HiPhi Faces Financial Crunch, Delays Salaries HiPhi, Which Once Outperformed Tesla in a Range TestStruggles Amid Overheated Competition in the Chinese Electric Car Market The Chinese electric vehicle brand HiPhi, which made headlines in Korea for its distinctive design and performance reminiscent of a transforming robot, is reportedly facing a forced pay cut and a six-month production halt due to financial […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes Tesla Plans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
BYD Launches Qin Plus EV Honor Edition: Electric Cars Now Cheaper Than Gasoline On February 19, 2024, China’s BYD launched the new Qin Plus EV Honor Edition model. At the same time, BYD emphasized that through the launch of this new model, electric vehicles are officially opening a new era with lower prices than gasoline vehicles. BYD is well known for its low-cost electric cars, such as the […]
Apple Set to Release Foldable Phone in September 2026, Expects 5 Million Units Sold [AlphaEconomy=Jee Sun Kim, Correspondent] Apple has finalized the timing of its foldable phone sales.Apple has also confirmed that it has reorganized its workforce to develop the foldable phone...
Goldman Sachs Predicts S&P 500 to Hit 5200 by Year-End Amid the U.S. stock market continuously breaking records this year, investment bank Goldman Sachs has raised its year-end forecast for the Standard & Poor’s (S&P) 500 index. According to Bloomberg, on the 19th (all local time), Goldman Sachs revised its year-end S&P 500 forecast from the previous 5100 to 5200. This is a 3.9% increase […]
Samsung's Foldable Panel Receives U.S. Military Certification for Durability Standards Proven Durability From Freezing, Temperature Fluctuations, Falls, and Acceleration Samsung Display’s foldable panel has received “military spec” certification from the U.S. Department of Defense’s durability standard test. Samsung Display is the first to receive the certification for its foldable panel. Samsung Display announced on the 19th that its 7-inch foldable panel, used in the latest […]
Aptera Motors Reveals Electric Vehicle with Record-Breaking 994-Mile Range on Single Charge Electric Vehicle Startup Aptera’s EVDrives 994 miles (1,600 km) on a Single ChargeCurrently Nearing the Mass Production stage The concept of mobility, a term encompassing all means of transportation, is gradually evolving. Ten years ago, in 2014, when the BMW i8 was released, not many people thought electric cars would be as widely adopted as […]
China Leads Global New Energy Vehicle Market with Two-Thirds Sales Share China's sales of new energy passenger vehicles accounted for nearly two-thirds of the world's total last year, according to industry data. China's new energy vehicle sales accounted for two-thirds of the world's total in 2023, according to the China Passenger Vehicle Association...
Volkswagen Announces $1 Billion Investment in Mexico for EV Business Expansion The Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]
Apple Faces Record 500 Million Euros Fine from EU for Antitrust Violations The European Union (EU) is reported to plan to impose its first fine on Apple for alleged violation of antitrust laws./Reuters Yonhap News The European Union (EU) plans to impose a fine of 500 Million Euros on Apple for alleged antitrust violations. With the full implementation of the Digital Markets Act (DMA) next month, conflicts […]
Texas Jury Rules in Favor of Samsung Electronics in $4 Billion Semiconductor Patent Case [TheGuru=SoYoung Oh] Samsung Electronics is expected to win its semiconductor patent infringement battle against a US patent giant. It received a verdict from the jury that it did not infringe the patent. According to industry reports on the 19th, a jury in the U.S. District Court for the Western District of Texas ruled on the 15th (local time) that Samsung Electronics did not infringe on Demaray LLC's semiconductor patents. The verdict did not conclude on the validity of the two patents at issue (patent numbers 7544276 and 7381657). With this verdict, Samsung effectively won the first trial. Samsung was sued by Demaray in July 2020. Samsung Electronics America (SEA), Samsung Semiconductor Inc (SSI), and Samsung Austin Semiconductor LLC (SAS), a U.S. semiconductor fab in Austin, Texas, were also named as defendants. Demaray alleged that Samsung had misappropriated two patents related to an oxidation process that coats wafers with a thin film, and sought more than $4 billion in damages for alleged patent infringement. Demaray called Samsung's semiconductor equipment supplier Applied Materials to testify. This was an unsuccessful attempt to prove Samsung's alleged infringement. Demaray is a patent management company (NPE) that makes money by suing companies over patents without making products. It is headquartered in California, USA, and holds more than 60 patents. It has been involved in lawsuits with Intel and Applied Materials...
Cathie Wood Sells Nvidia Stock, Favors AI Software Over Semiconductor Hardware Cathie Wood continues to reduce her stake in Nvidia, a semiconductor company at the heart of the artificial intelligence (AI) boom, drawing attention. Cathie Wood, CEO of Ark Invest, appeared on the Wall Street Journal (WSJ) podcast on the 18th (local time) and said, “We have been selling Nvidia for a long time,” adding, “We […]
Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1 Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]
US Witnesses 52% Jump in Battery EV Registrations Last Year S&P Global Mobility reports that battery electric vehicle sales in the U.S. increased 23% year-over-year in December 2023, with a market share of 8.8%.
Ford CEO Jim Farley Foresees Intensified Competition Against Chinese Electric Vehicles in 2024 According to The Detroit News, Ford’s CEO Jim Farley expressed his thoughts on last year’s United Auto Workers (UAW) strike and electric vehicles at the Wolfe Research Global Auto and Auto Tech Conference held in New York on February 15, 2024. He reportedly said the company always took pride in its relationship with the UAW, […]
Korean Aerospace Industries Advances FA-50 Export to Colombia with Sales Promotion Agreement The Korean Aerospace Industries (KAI) FA-50 light attack aircraft has taken another step closer to being exported to Colombia. The export competitiveness has been strengthened by signing a sales promotion agreement with Colombia. According to the industry, on the 19th, KAI is expected to win the contract for the Colombian Air Force’s project to replace […]
Hyundai Ioniq 6 Named 2023 CleanTechnica Car of the Year, Beats Competitors Beating four competitors, including Mercedes-Benz EQE Hyundai’s exclusive electric sedan model, the Ioniq 6, has won the final champion title at “Best of the Year” conducted by CleanTechnica, a U.S. specialist electric car media outlet. According to CleanTechnica, on the 15th, the Hyundai Ioniq 6 was selected as the “2023 CleanTechnica Car of the Year”. […]
Korean Won, Chinese Yuan Set to Gain as US Interest Rates Expected to Drop The South Korean won, Chinese yuan and Indian rupee are expected to strengthen this year as the U.S. cuts its benchmark interest rate...
Adobe (ADBE) Faces Tough Competition as OpenAI's Sora Enters Video AI Market According to an analysis, Adobe (ADBE), a company that sells software for creating and editing content such as graphics, text, and video, faces concerns about intensifying competition after the unveiling of Open AI’s video AI Sora. Adobe’s stock price fell 7.4% on the 16th (local time). This is interpreted as a result of heightened competition […]
Investors Eye 'Sora': OpenAI's Breakthrough Technology Ignites Stock Market The era of true multimodal AI has begun The importance of multimodal AI is increasingly recognized in the global artificial intelligence (AI) market. Open AI / Ascannio-shutterstock.com Global AI companies like OpenAI and Google are accelerating their competition to secure multimodal AI technology that can comprehensively analyze and understand complex data such as images, […]
Chinese Electric Car Maker HiPhi Faces Financial Crunch, Delays Salaries HiPhi, Which Once Outperformed Tesla in a Range TestStruggles Amid Overheated Competition in the Chinese Electric Car Market The Chinese electric vehicle brand HiPhi, which made headlines in Korea for its distinctive design and performance reminiscent of a transforming robot, is reportedly facing a forced pay cut and a six-month production halt due to financial […]
China's BYD Aims for Luxury Electric Car Market Domination, Eyes Tesla Plans to Launch Various Luxury Models This YearPursuing Brand Value EnhancementDomestic Slowdown Leads to Overseas Strategy, Targeting 400,000 ExportsGlobal Competitors on Edge: “Demise without Trade Barriers” Following its achievement as the world’s top seller of electric cars last year, China’s BYD is setting its sights on the luxury car market this year. According to Bloomberg […]
BYD Launches Qin Plus EV Honor Edition: Electric Cars Now Cheaper Than Gasoline On February 19, 2024, China’s BYD launched the new Qin Plus EV Honor Edition model. At the same time, BYD emphasized that through the launch of this new model, electric vehicles are officially opening a new era with lower prices than gasoline vehicles. BYD is well known for its low-cost electric cars, such as the […]
Apple Set to Release Foldable Phone in September 2026, Expects 5 Million Units Sold [AlphaEconomy=Jee Sun Kim, Correspondent] Apple has finalized the timing of its foldable phone sales.Apple has also confirmed that it has reorganized its workforce to develop the foldable phone...
Goldman Sachs Predicts S&P 500 to Hit 5200 by Year-End Amid the U.S. stock market continuously breaking records this year, investment bank Goldman Sachs has raised its year-end forecast for the Standard & Poor’s (S&P) 500 index. According to Bloomberg, on the 19th (all local time), Goldman Sachs revised its year-end S&P 500 forecast from the previous 5100 to 5200. This is a 3.9% increase […]
Samsung's Foldable Panel Receives U.S. Military Certification for Durability Standards Proven Durability From Freezing, Temperature Fluctuations, Falls, and Acceleration Samsung Display’s foldable panel has received “military spec” certification from the U.S. Department of Defense’s durability standard test. Samsung Display is the first to receive the certification for its foldable panel. Samsung Display announced on the 19th that its 7-inch foldable panel, used in the latest […]
Aptera Motors Reveals Electric Vehicle with Record-Breaking 994-Mile Range on Single Charge Electric Vehicle Startup Aptera’s EVDrives 994 miles (1,600 km) on a Single ChargeCurrently Nearing the Mass Production stage The concept of mobility, a term encompassing all means of transportation, is gradually evolving. Ten years ago, in 2014, when the BMW i8 was released, not many people thought electric cars would be as widely adopted as […]
China Leads Global New Energy Vehicle Market with Two-Thirds Sales Share China's sales of new energy passenger vehicles accounted for nearly two-thirds of the world's total last year, according to industry data. China's new energy vehicle sales accounted for two-thirds of the world's total in 2023, according to the China Passenger Vehicle Association...
Volkswagen Announces $1 Billion Investment in Mexico for EV Business Expansion The Volkswagen Group is making a split investment in its Mexican plant complex. The Mexican division of the Volkswagen Group announced on the 17th (local time) that it will invest about $1 billion in a second split investment to activate its electric vehicle (EV) business at its existing business site in central Mexico. The investment […]
Apple Faces Record 500 Million Euros Fine from EU for Antitrust Violations The European Union (EU) is reported to plan to impose its first fine on Apple for alleged violation of antitrust laws./Reuters Yonhap News The European Union (EU) plans to impose a fine of 500 Million Euros on Apple for alleged antitrust violations. With the full implementation of the Digital Markets Act (DMA) next month, conflicts […]
Texas Jury Rules in Favor of Samsung Electronics in $4 Billion Semiconductor Patent Case [TheGuru=SoYoung Oh] Samsung Electronics is expected to win its semiconductor patent infringement battle against a US patent giant. It received a verdict from the jury that it did not infringe the patent. According to industry reports on the 19th, a jury in the U.S. District Court for the Western District of Texas ruled on the 15th (local time) that Samsung Electronics did not infringe on Demaray LLC's semiconductor patents. The verdict did not conclude on the validity of the two patents at issue (patent numbers 7544276 and 7381657). With this verdict, Samsung effectively won the first trial. Samsung was sued by Demaray in July 2020. Samsung Electronics America (SEA), Samsung Semiconductor Inc (SSI), and Samsung Austin Semiconductor LLC (SAS), a U.S. semiconductor fab in Austin, Texas, were also named as defendants. Demaray alleged that Samsung had misappropriated two patents related to an oxidation process that coats wafers with a thin film, and sought more than $4 billion in damages for alleged patent infringement. Demaray called Samsung's semiconductor equipment supplier Applied Materials to testify. This was an unsuccessful attempt to prove Samsung's alleged infringement. Demaray is a patent management company (NPE) that makes money by suing companies over patents without making products. It is headquartered in California, USA, and holds more than 60 patents. It has been involved in lawsuits with Intel and Applied Materials...
Cathie Wood Sells Nvidia Stock, Favors AI Software Over Semiconductor Hardware Cathie Wood continues to reduce her stake in Nvidia, a semiconductor company at the heart of the artificial intelligence (AI) boom, drawing attention. Cathie Wood, CEO of Ark Invest, appeared on the Wall Street Journal (WSJ) podcast on the 18th (local time) and said, “We have been selling Nvidia for a long time,” adding, “We […]
Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1 Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]
US Witnesses 52% Jump in Battery EV Registrations Last Year S&P Global Mobility reports that battery electric vehicle sales in the U.S. increased 23% year-over-year in December 2023, with a market share of 8.8%.
Ford CEO Jim Farley Foresees Intensified Competition Against Chinese Electric Vehicles in 2024 According to The Detroit News, Ford’s CEO Jim Farley expressed his thoughts on last year’s United Auto Workers (UAW) strike and electric vehicles at the Wolfe Research Global Auto and Auto Tech Conference held in New York on February 15, 2024. He reportedly said the company always took pride in its relationship with the UAW, […]
Korean Aerospace Industries Advances FA-50 Export to Colombia with Sales Promotion Agreement The Korean Aerospace Industries (KAI) FA-50 light attack aircraft has taken another step closer to being exported to Colombia. The export competitiveness has been strengthened by signing a sales promotion agreement with Colombia. According to the industry, on the 19th, KAI is expected to win the contract for the Colombian Air Force’s project to replace […]
Hyundai Ioniq 6 Named 2023 CleanTechnica Car of the Year, Beats Competitors Beating four competitors, including Mercedes-Benz EQE Hyundai’s exclusive electric sedan model, the Ioniq 6, has won the final champion title at “Best of the Year” conducted by CleanTechnica, a U.S. specialist electric car media outlet. According to CleanTechnica, on the 15th, the Hyundai Ioniq 6 was selected as the “2023 CleanTechnica Car of the Year”. […]
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