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Foxconn unrest hits iPhone shipments ahead of holiday season
The Foxconn flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week. Read more…
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Amazon to shut down Academy learning platform in India
Amazon to shut down its Academy online learning platform for high-school students in India less than two years of its launch, without citing a reason. Read more…
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Crypto platforms to face extra regulatory scrutiny next year
The crash of FTX has injected greater urgency into regulating crypto. Targeting such ‘conglomerate’ platforms will be the focus for 2023, says new IOSCO chair. Read more…
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Foxconn blames ‘technical error’ for Zhengzhou plant fiasco
Foxconn said a pay-related “technical error” occurred when hiring new recruits at its COVID-hit factory in Zhengzhou, and apologised to workers. Read more…
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Protests are rocking Foxconn’s iPhone plant in Zhengzhou
Hundreds of workers joined protests at Foxconn’s flagship iPhone plant in Zhengzhou, with some men smashing surveillance cameras and windows. Read more…
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Zoom is struggling to fit in a post-COVID world
Shares of Zoom have tumbled from their pandemic peak in October 2020 as the company cuts its annual sales forecast and posts its slowest quarterly growth. Read more…
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Sony to relaunch its China Hero Project for Chinese games
Sony Group plans to expand its China Hero Project programme to identify and incubate Chinese-made games, in a race with Microsoft to tap China’s gaming market. Read more…
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JD.com execs face big pay cuts to boost front-line benefits
JD.com says it will cut the salaries of more than 2,000 senior managers by 10% to 20% next year to help pay for improved benefits for front-line staff. Read more…
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TSMC founder reveals plans for 3-nm plant in Arizona
TSMC is planning to produce advanced 3-nm chips at its new factory in Arizona but the plans are not completely finalised yet, says founder Morris Chang. Read more…
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Tesla safety is now on trial in South Korea
A criminal trial in South Korea hangs on questions about the safety of Tesla cars, as the company faces more lawsuits and increased scrutiny by regulators. Read more…
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Trump snubs Musk after poll favors his return to Twitter
Donald Trump said he had no interest in returning to Twitter even as a slim majority voted in a poll organized by Elon Musk in favor of reinstating him. Read more…
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GoTo, Indonesia’s biggest tech firm, laying off 1300 workers
Indonesia’s biggest tech firm GoTo Gojek Tokopedia said on Friday it was laying off 1,300 workers, or 12% of its workforce due to an uncertain economic outlook. Read more…
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More Twitter staff exiting after Musk ‘long hours’ ultimatum
Hundreds of Twitter employees are estimated to be leaving following an ultimatum from Elon Musk that they sign up for “long hours at high intensity,” or leave. Read more…
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AIS asks Thai court to halt approved True-DTAC merger
Incumbent operator AIS petitions Thailand’s Central Administrative Court to revoke regulatory approval of the planned merger between True Corp and DTAC. Read more…
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Blizzard games to go dark in China starting next year
Blizzard Entertainment and NetEase end their partnership. ‘World of Warcraft’ and other Blizzard games won’t be available in China from January. Gamers are sad. Read more…
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Taiwan touts tax breaks to boost its tech R&D edge
Taiwan proposed larger tax breaks for tech companies’ R&D, in a bid to retain its leading position in semiconductor manufacturing. Read more…
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Indika and Foxconn seek Thai firm to join their JV
Coal miner PT Indika Energy and Foxconn, which are partnering to make EVs in Indonesia, are considering bringing in a Thai firm as a third partner. Read more…
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Solana is the biggest crypto casualty in FTX drama
Solana, a poster coin of the crypto future lauded by FTX founder Sam Bankman-Fried, has been hit harder than any other major coin by the collapse of FTX. Read more…
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Rakuten Mobile to use ‘platinum’ band in 2024 for cheap
Japan’s upstart MNO Rakuten Mobile says it hopes to introduce services over the so-called ‘platinum band’ (900 MHz) from March 2024 – at minimal cost. Read more…
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Tuvalu seeks survival in the metaverse as sea levels rise
Tuvalu plans to build a digital version of itself, replicating its history and culture as rising sea levels threaten to submerge the tiny Pacific island nation. Read more…
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