$280 billion in CHIPS Act funding faces uncertainty under Trump
Trump criticized the bill and expressed concerns about its future, especially for foreign chip manufacturers such as Taiwan.
Japanese chip maker Kioxia valued at $5.6 billion in initial public offering (IPO)
Kioxia became independent in 2018 as part of a restructuring of its former parent company Toshiba.
Instagram video growth could bring $32 billion in U.S. ad revenue
Meta's focus on video content is driving revenue growth.
GIC co-led Databricks’ $10 billion Series J investment
The funds will be used to develop artificial intelligence products and expand international operations.
Alibaba to sell Intime Department Store at a loss of US$1.3 billion
The move is part of Alibaba's strategy under Chief Executive Eddie Wu to streamline operations and focus on core growth areas.
Schizophrenia market will reach $17 billion in 2031
This is mainly driven by the expected launch of 11 late-stage R&D products. The schizophrenia market in seven major markets (7MM) is expected to grow at a compound annual growth rate (CAGR)
Trump and SoftBank CEO announce $100 billion investment in U.S.
Trump said the investment could create at least 100,000 jobs in the United States.
Korean Air acquires Asiana Airlines for $1 billion
Korean Air passenger plane on the tarmac of Incheon International Airport in South Korea. SeongJoon Cho/Bloomberg SKorean flag carrier Korean Air has acquired a controlling stake in Asiana Airlines for about $1
Ssangyong, backed by Filipino billionaire Tony Tan Caktiong, expects sales to hit $8.5 billion by 2035
DoubleDragon Group Chairman Edgar Sia II and Co-Chairman Tony Tan Caktiong at the groundbreaking ceremony … [+] Hotel101-Niseko opens in August 2023. Photos taken by Ssangyong for Forbes DoubleDragon, controlled by billionaire
Israeli cybersecurity startup will be valued at $4 billion by 2024
Two companies, Wiz and Cyera, have played a key role in this growth.
Xiaohongshu expects profits to exceed US$1 billion in 2024
Chinese social media and e-commerce platforms now prioritize profit over user growth.
Huawei's electric vehicle partner Seres reportedly plans to list in Hong Kong for US$1 billion
Shares of Seres, currently listed in Shanghai, have risen 80% this year.
Vietnamese billionaire will invest up to US$1.2 billion with partners to build electric vehicle charging stations in Indonesia
VinFast Auto Ltd. electric vehicles charge in garages at the company's manufacturing site … [+] Haiphong, Vietnam, Monday, June 10, 2024. © 2024 Bloomberg Finance, Inc. With the support of Vietnamese billionaire
The economy grew steadily and total wealth climbed to US$263 billion
Michael Hartono. Dimas Adian/Bloomberg This article is part of Forbes' 2024 report on Indonesia's richest people. here. Resource-rich Indonesia, under new President Prabowo Subianto, who took office in October, has set an
Billionaire Widjaja family merges Indonesian telecoms businesses with Axiata in $6.5 billion deal
Axiata is headquartered in Kuala Lumpur. © 2021 Bloomberg Finance, Inc. Smartfren Telecom, controlled by Sinar Mas, the investment company of billionaire Widjaja family, and Malaysia's Axiata Group have agreed to merge
Language learning startup powered by OpenAI reaches $1 billion valuation
With the latest funding, Speak plans to expand into Southeast Asia, Europe and the United States.
China launches antitrust investigation Nvidia “faces $1 billion fine”
Nvidia could face at least $1 billion in fines in China after Beijing said on Monday it would launch an antitrust investigation into the U.S. chipmaker. The State Administration for Market Regulation,
Bangladesh's Hasina accused of looting $17 billion, worse
According to the New York Times, the new governor of Bangladesh's central bank claimed that “about $17 billion was misappropriated from the country's financial system” during the 15 years that Sheikh Hasina's
China's Contemporary Amperex Technology (CATL) and Stellantis confirm investment of US$4.3 billion to build electric vehicle battery factory in Spain
Chinese battery maker CATL and European carmaker Stellantis have formed a joint venture to build an electric vehicle battery factory in northern Spain. The two companies said on Tuesday they would invest
India wants Musk's Starlink to help solve $4.2 billion drug case
Indian police have asked Elon Musk's satellite internet group Starlink to provide details of buyers of one of its internet devices that helps with maritime navigation as it is used by smugglers
Apple 'will invest $1 billion in Indonesia' after $100 million offer rejected
Indonesia's Investment Minister said that Apple currently plans to invest US$1 billion in Indonesia to resume iPhone 16 sales in the country. Indonesia's large and tech-savvy population is a key market for
Temasek sets up US$7.5 billion private credit arm to invest globally
The entity will have approximately 15 credit investment professionals in New York, London and Singapore.
Musk’s xAI raises $6 billion, plans supercomputer for artificial intelligence tools
Part of xAI's funding will be used to develop a supercomputer facility in Memphis.
Tycoon Gordon Tang to acquire Singapore's Suntec REIT for US$2.5 billion
Suntec City REIT's Suntec City is an integrated office, retail and convention center in Singapore. Provided by Suntec Real Estate Investment Trust Property tycoon Gordon Tang and his wife Celine have offered