Big Tech - Asia Tech Wire

Big Tech

19:56

                            Wedbush: Raised Apple (AAPL.O) price target to $325 from $300.
                        
19:55

                            Wedbush raises Apple price target to $325 from $300
                        
                            Wedbush raised its price target on Apple to $325 from $300.
                        
19:16

                            EVE Energy becomes Tesla's sixth battery supplier
                        
                            Tesla has reached an energy storage battery supply agreement with EVE Energy, and EVE Energy's Malaysian factory plans to start supplying energy storage batteries to Tesla in the United States in 2026. In response, EVE Energy said, "The company's business is subject to the company's announcement." A person familiar with the matter said that after Tesla expanded its suppliers, CATL is still the largest supplier of Tesla's energy storage business.
                        
19:08

                            Tata Group plans to create 500,000 manufacturing jobs in five years.
                        
17:03

                            General Motors' US stock price surged nearly 11% before the market opened
                        
                            General Motors' U.S. stocks surged nearly 11% in pre-market trading, and LG Energy Solution signed a square battery supply agreement with General Motors.
                        
14:24

                            Hyundai Motor reportedly in talks with Samsung on self-driving chip foundry
                        
                            Hyundai Motor is reportedly in talks with Samsung Electronics to manufacture chips for self-driving cars.
                        
12:59

                            Tesla starts selling 199 yuan ornaments: sold out in 15 minutes, and second-hand trading platforms have already sold them for thousands of yuan
                        
                            Another Tesla peripheral product was snapped up.
                        
12:22

                            Zhipu said to have hired veteran for AI assistant
                        
                            Chinese large-model unicorn Zhipu AI has hired a veteran to head up its AI assistant, according to 36Kr.
                        
09:01

                            Sam Altman of OpenAI has said Elon Musk of Tesla, TSLA, is a ‘bully’ who enjoys getting into fights with fellow billionaires
                        
08:59

                            Jeff Bezos of Amazon, AMZN, saved around $1 billion in taxes by moving to Florida
                        
07:56

                            Guotai Junan: Optimistic about competition in ByteDance's embodied intelligent model algorithm
                        
                            According to Guotai Junan, ByteDance's second-generation robot model GR-2 has preliminary world-model capabilities and performs well in grabbing disordered objects.
                        
07:50

                            Nvidia, the favorite of retail investors, has attracted nearly $30 billion this year
                        
                            According to the latest statistics from financial data provider Vanda Research, Nvidia has replaced Tesla as the stock with the largest net purchases by retail investors this year, which also means that the net purchases of a single stock have exceeded the S&P 500 ETF for the second consecutive year, reflecting that investors are still chasing the bull market in technology stocks.
                        
04:46

                            Chinese, European firms stepping up cooperation amid U.S. chip export controls
                        
                            European semiconductor giants are increasing their cooperation with Chinese wafer fabs at a time of ongoing U.S. chip export controls on China.
                        
20:52

                            Li Xiang: In the past, the best cars in the world were made by Germans, but today, the best smart cars are made by Chinese companies.
                        
                            At the 2024 Li Auto AI Talk, Li Xiang, CEO of Li Auto, believes that as long as all Chinese companies do not give up, they will have the potential to become the world's leading AI companies, and everything is possible.
                        
19:45

                            JD Logistics' No.1 warehouse in Tokyo, Japan opens for operation
                        
                            JD Logistics, the logistics arm of Chinese e-commerce giant JD.com, announced that its first self-owned overseas warehouse in Japan and South Korea officially opened for operation on Wednesday.
                        
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Weekly Highlights

                                    Taiwan's weighted index rose 2.6%, with semiconductor stocks leading the gains, and TSMC rising more than 4%
                            2024-12-23

                                    Tuanmaimai, the WeChat community group buying business under Meituan (03690.HK), issued an announcement stating that due to platform business adjustments, Tuanmaimai will cease operations from 24:00 on December 31, 2024.
                            2024-12-23

                                    MediaTek releases AI chip Dimensity 8400, equipped with Dimensity AI intelligent engine
                            2024-12-23

                                    Japanese regulators intend to order Google to rectify its actions for suspected monopoly, the company responded
                            2024-12-23

                                    Xiaomi Motors officially integrates VLM visual language model
                            2024-12-23