Author: John
Moore Threads Technology, a Beijing-based AI chipmaker, has made headlines as its shares surged over 420% in a spectacular debut on the Shanghai Stock Exchange. The company, often dubbed China’s potential answer to Nvidia, has propelled founder and CEO Hang Jianzhong into billionaire status, with an estimated net worth of $4.3 billion. Co-founders Wang Dong and Zhang Yubo also joined the ranks of the ultra-wealthy. The IPO, one of China’s most anticipated this year, raised 8 billion yuan ($1.1 billion) and was oversubscribed by 2,750 times, reflecting intense investor demand. Positioned at the forefront of China’s drive for technology self-reliance,…
A senior U.S. diplomat has sharply criticized European Union policies, warning that they undermine the transatlantic partnership and could have far-reaching implications for shared security and economic interests. The controversy erupted after the EU imposed a $140 million fine on Elon Musk’s social media platform X under the Digital Services Act, citing misleading verification, insufficient advertising transparency, and restricted access for researchers. U.S. Deputy Secretary of State Christopher Landau emphasized that while NATO encourages cooperation between the United States and Europe, EU-driven regulations often conflict with American priorities, creating strategic inconsistencies. The dispute reflects broader tensions over digital governance, economic…
Foxconn, the world’s largest contract electronics manufacturer and a key partner of Nvidia, has reported a remarkable 26% year-on-year revenue increase for November, fueled by the ongoing global AI boom. The Taiwanese company, also known as Hon Hai, plays a central role in producing servers for data centers and assembling major consumer electronics, including Apple’s iPhone. Its monthly report highlighted strong growth in cloud and networking products, attributing the surge to heightened demand for AI server racks. Strategic partnerships with Nvidia, OpenAI, and the Taiwanese government, along with investments in AI infrastructure and data center construction, have positioned Foxconn as…
SEALSQ Corp, a leading developer of semiconductors, PKI solutions, and post-quantum hardware and software, has announced a strategic investment in EeroQ, a U.S.-based quantum chip design company advancing a breakthrough approach to quantum computing using electrons on helium (eHe). This investment supports SEALSQ’s “Quantum Made in USA” strategy and underscores its commitment to enhancing U.S. and European leadership in quantum-resistant technologies and next-generation quantum computing platforms. Earlier this year, SEALSQ launched SEALQUANTUM.com, targeting up to $35 million in investments in quantum-focused startups. Prior commitments include ColibriTD for quantum-as-a-service solutions and the acquisition of French ASIC design firm IC’ALPS. The partnership…
SpaceX is reportedly preparing a secondary share sale that could value the company at an astonishing $800 billion, potentially making it the most valuable private company in the United States. This move, reported by the Wall Street Journal, would nearly double SpaceX’s previous $400 billion valuation, underscoring the extraordinary investor interest in Elon Musk’s aerospace ventures. Secondary sales allow private companies to provide liquidity to investors while avoiding the scrutiny of public markets, enabling valuations once reserved for publicly traded giants. Founded in 2002, SpaceX dominates commercial rocket launches and operates Starlink, its satellite internet service serving over 8 million…
U.S. lawmakers are intensifying scrutiny on tech companies as concerns grow over mobile applications that enable users to track federal immigration officers. The House Committee on Homeland Security has formally requested that Google and Apple detail the steps they are taking to remove such apps from their platforms. The focus is on applications like ICEBlock, previously used to monitor U.S. Immigration and Customs Enforcement (ICE) personnel, which lawmakers warn could jeopardize the safety of Department of Homeland Security (DHS) staff. While recognizing the protections of free speech, the committee emphasizes that advocacy leading to imminent unlawful action is not protected.…
The destruction of a vehicle belonging to a leading Russian missile technology expert in New Moscow has drawn significant public and media attention, raising fresh questions about security within Russia’s scientific and defense community. The explosion, which occurred on the morning of December 1 in a densely populated residential area, instantly engulfed the car in flames and sent shockwaves through nearby apartment buildings. Although no injuries were reported, the incident has sparked speculation due to the owner’s background in developing high-precision guidance systems for advanced weaponry. As investigators work to determine the cause, the blast adds to a troubling pattern…