A logo hangs on the building of the Beijing branch of Semiconductor Manufacturing International Corporation (SMIC) on December 4, 2020 in Beijing, China.Vcg | Visual China Group | Getty ImagesTaiwan investigators on Friday alleged that Chinese chipmaker Semiconductor Manufacturing International Co. (SMIC) illegally recruited high-technology talent.Taiwan’s Ministry of Justice Investigation Bureau (MIJB) said in a statement that SMIC had used a Samoa-based entity as cover to set up a subsidiary on the island “under the guise of foreign investment” and has been “actively recruiting” talent from Taiwan.CNBC was unable to independently verify the claims and SMIC was not immediately available…
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Applied Materials has a leg up over competitors, according to Jefferies. The bank upgraded the semiconductor manufacturer to buy from hold. Analyst Blayne Curtis also lifted his price target to $195 from $185, implying upside of roughly 32% from Thursday’s close. Curtis pointed to Applied Materials’ attractive valuation as a catalyst for the upgrade. He added that the stock is a leading beneficiary of spending growth in DRAM, or the dynamic random access memory type of storage capacity. Applied Materials also has the lowest China exposure among the big three U.S. semiconductor companies, meaning it could potentially better hedge President…
Artwork for Ubisoft’s upcoming “Assassin’s Creed Shadows” game.John Keeble | Getty ImagesUbisoft shares surged on Friday after the French video game publisher announced a deal to spin out some of its best-selling franchises.On Thursday, Ubisoft revealed plans to form a new gaming subsidiary, with Chinese technology giant Tencent investing 1.16 billion euros ($1.25 billion) into the unit.The subsidiary will include Ubisoft’s best-known games brands, including Assassin’s Creed, Far Cry and Tom Clancy’s Rainbow Six, according to a press release.Ubisoft shares jumped 11% as of 10:50 a.m. Paris time.The game maker said Thursday that its newly formed unit would “focus on building game ecosystems…
Updated March 28, 2025, 5:43 a.m. ETA 7.7-magnitude earthquake struck central Myanmar on Friday, strongly shaking buildings across a vast expanse of Southeast Asia, and causing damage in cities as far away as Bangkok in neighboring Thailand. At least 13 people were killed in Myanmar, and three in Thailand.The quake struck near Mandalay, Myanmar’s second-largest city with more than a million people, around 12:50 p.m. local time, the United States Geological Survey said. An aftershock of magnitude 6.4 was recorded 12 minutes later.A magnitude of 7.7 is considered to be strong. At a depth of about six miles, the quake was…
Rescuers work at the site of a collapsed building after the tremors of a strong earthquake that struck central Myanmar on Friday affected Bangkok, Thailand, March 28, 2025.Reuters | Ann WangA strong earthquake rocked Southeast Asia on Friday, bringing down a skyscraper under construction in Bangkok and toppling buildings in neighboring Myanmar’s second-largest city.At least one person was killed and dozens of workers rescued from under the rubble of the skyscraper, Thailand’s National Institute of Emergency Medicine said.Witnesses in Bangkok said people ran out onto the streets in panic, many of them hotel guests in bathrobes and swimming costumes as water cascaded down…
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin attends a video-linked ceremony to launch the Project 885M Yasen-M nuclear-powered submarine Perm, in the Arctic Circle port city of Murmansk on March 27, 2025.Sergei Karpukhin | Afp | Getty ImagesRussian President Vladimir Putin warned it would be foolish to dismiss U.S. President Donald Trump’s push for control of Greenland, saying the move is unsurprising given America’s longtime interest in the mineral-rich territory.Delivering a major speech in Russia’s Murmansk, the world’s largest city north of the Arctic Circle, Putin said on Thursday that Trump’s stated…
One of the biggest corporate donors to the populist Reform U.K. party has sold almost $2 million worth of transmitters, cockpit equipment, antennas and other sensitive technology to a major supplier of Moscow’s blacklisted state weapons agency, documents show.From 2023 to 2024, the company, part of the British aerospace manufacturer H.R. Smith Group, shipped the equipment to an Indian firm that is the biggest trading partner of the Russian arms agency, Rosoboronexport.H.R. Smith Group donated 100,000 pounds (just under $130,000) to Reform U.K. last year, two days after Nigel Farage was announced as the party’s leader. The company is run…
A Commerce Department report Friday could tell two important stories: that inflation isn’t going away, and that consumers are taking steps to brace for the coming impact of more price increases courtesy of President Donald Trump ‘s tariffs. Wall Street will give close watch to the double-barreled release from the Bureau of Economic Analysis, which will show the levels of personal income and spending for February, as well as the latest reading on personal consumption expenditures prices. The latter metric is the Federal Reserve’s primary inflation gauge it uses when deciding where to set interest rates . While the inflation…
Unitree’s G1 robot at the Mobile World Congress 2025 in Barcelona, Spain, on March 6, 2025.Nurphoto | Nurphoto | Getty ImagesAmerican tech giants like Tesla and Nvidia are racing to develop humanoid robots, stressing their importance to the future economy. But analysts warn they are already at risk of losing out to China.So-called humanoid robots — artificial intelligence-powered machines designed to resemble humans in appearance and movement — are expected to provide a range of use cases, such as filling industrial and service sector jobs. Investor excitement surrounding the robots has been mounting amid increased mentions from tech leaders like Nvidia’s…
The GM logo is seen on a water tank of the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico, on Feb. 11, 2021.Daniel Becerril | ReutersAs auto stocks reacted to the latest tariff announcement out of Washington, D.C., on Thursday, General Motors took the brunt of the hit.Shares of GM fell more than 7% in Thursday trading, far underperforming the likes of Ford and Stellantis, which shed more than 3% and roughly 1%, respectively. Tesla stock was essentially unchanged for the day.The divergence stems from the amount of vehicles that GM imports, and its exposure to Mexico…
