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Seagate reaches US$175 million settlement of shareholder claims it concealed sales to China's Huawei

Seagate reaches US$175 million settlement of shareholder claims it concealed sales to China's Huawei Seagate Technology reached a US$175 million settlement of a lawsuit claiming it defrauded shareholders by concealing it violated US export control laws by selling more than US$1.1 billion of hard disk drives to China's Huawei Technologies. A preliminary settlement of the proposed class action against Seagate, Chief Executive Dave Mosley and Chief Financial Officer Gianluca Romano was filed...

Channel News Asia 8d ago

Is Huawei’s new chip scaling law a true breakthrough, or mere hype?

Microchip development has always been a race to build smaller and smaller transistors – the fundamental components of chip circuits. Now China’s Huawei Technologies wants to change the game entirely. Faced with US tech export restrictions that block its access to the world’s most advanced chipmaking machinery, Huawei is proposing a fundamental shift in semiconductor progress: stop obsessing over how small the transistors are and start focusing on how fast data moves through the system.

South China Morning Post 11d ago

US Urges NATO Allies to Use Defense Funds to Replace Huawei Gear

People visit the stand of Huawei during the 2025 Mobile World Congress in Shanghai.

Bloomberg Technology 2d ago

AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark

AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark Maker of optical modules surpasses CATL in weighting thanks to off-the-charts demand from Alphabet, Amazon, Meta and Huawei The northern Shandong province-based company had a 5 per cent weighting on the CSI 300 Index on Friday, making it the largest of the 300 most valuable stocks on the Shanghai and Shenzhen exchanges. The index’s weighting is based on the market capitalisation of free-float shares. The...

South China Morning Post 5d ago

Huawei chips refine DeepSeek model in major leap for China’s AI self-reliance

Huawei chips refine DeepSeek model in major leap for China’s AI self-reliance While Chinese chipmakers have found success in supporting AI inference, they are struggling with the far more complex process of training While Chinese chipmakers have found success in supporting AI inference – the relatively simple process of running an already-finished model to answer user prompts – they have struggled with training, the far more complex process of building or refining a model’s brain. If initial...

South China Morning Post 5d ago

Fox News AI Newsletter: AI girlfriend dumps Hollywood filmmaker

IN TODAY'S NEWSLETTER:- Oscar-nominated filmmaker disappointed his AI girlfriend dumped him- AI layoffs may be backfiring on companies- Nvidia CEO Jensen Huang warns China has ‘all the chips they need’ despite US bansBAD BREAK-UP: Dating in the digital era isn't easy, as one Oscar-nominated filmmaker learned the hard way. Paul Schrader, the screenwriter of Martin Scorsese classics like "Taxi Driver" and "Raging Bull," revealed in a Facebook post that he had dabbled in developing an "AI...

Fox News Tech 19d ago