Nvidia concedes Chinese AI chip market as Huawei gains dominance

Nvidia chief executive Jensen Huang said the company has effectively surrendered the Chinese artificial intelligence chip market to Huawei as US export controls continue to prevent major sales of advanced processors to Chinese firms. The remarks came as Nvidia reported record first quarter revenue of $81.6 billion for fiscal year 2027, marking......

Three supertankers move six million barrels through Hormuz

Three supertankers have carried around six million barrels of crude oil through the Strait of Hormuz in a single day, marking the largest recorded movement of oil cargo since the outbreak of the conflict involving the United States, Israel, and Iran in February 2026. The shipment was bound for Asian markets and signals a partial revival of......

Alibaba launches powerful AI chip to challenge Nvidia dominance in China

Alibaba has introduced its most advanced artificial intelligence chip to date alongside a new large language model, signaling a stronger push to reduce China’s reliance on foreign semiconductor technology. The announcement took place at the company’s annual cloud summit in Hangzhou, where the group outlined a broader strategy to......

Qatar says Strait of Hormuz remains closed to normal shipping traffic

Qatar’s foreign ministry has stated that maritime traffic through the Strait of Hormuz has not returned to normal levels, rejecting suggestions that the strategic waterway is reopening. The announcement highlights continued disruption in one of the world’s most critical energy corridors, where only limited vessel movements have......

Oil market faces panic risk if Hormuz closure extends into June

HFI Research warned that global oil markets could enter a period of “real panic” if the Strait of Hormuz remains closed into the first week of June, as crude inventories continue falling toward critical operational levels and countries accelerate emergency stockpiling efforts. The firm said the market may already have crossed a......

China defends rare earth export controls and signals cooperation with the United States

The government of China has reaffirmed that its export controls on rare earth minerals are legal and in line with national regulations, while also expressing willingness to cooperate with the United States on what it described as “reasonable concerns.” The statement was issued by China’s Ministry of Commerce amid ongoing......

Taiwan vows to defend sovereignty amid uncertainty over US support

Taiwanese President Lai Ching-te said Wednesday that the future of Taiwan “cannot be decided by external forces,” reaffirming his government’s commitment to defending the island’s sovereignty and democratic system during remarks marking the second anniversary of his inauguration. The speech came at a moment of rising......

Xi and Putin reaffirm ‘unshakable’ ties amid global tensions

The leaders of China and Russia reaffirmed the strength of their strategic partnership during a high-level meeting in Beijing, despite ongoing international crises and geopolitical uncertainty. Chinese President Xi Jinping and Russian President Vladimir Putin emphasized the resilience of relations between their countries, describing their......

China secretly trains Russian soldiers for Ukraine war

China secretly trained around 200 Russian military personnel on its territory late last year, with some of those soldiers now deployed in Ukraine, according to intelligence-linked reporting cited in the source material. The training program marks a significant escalation in security cooperation between Beijing and Moscow and comes as Russian......

Bosch secures long term electric motor deal with Mercedes-Benz

German automotive supplier Bosch has secured a long term agreement to supply large volumes of electric motors to Mercedes-Benz for the company’s next generation electric vehicles, extending the partnership well into the 2030s. The deal strengthens ties between two of Germany’s biggest industrial groups as the automotive sector......

China’s top flash-memory chipmaker YMTC begins pre-IPO coaching talks with investment bank

China’s leading flash-memory manufacturer, Yangtze Memory Technologies Co. (YMTC), has reportedly started preliminary advisory discussions as part of preparations for a potential initial public offering (IPO). According to information submitted to China’s financial regulators, the company has entered a formal pre-IPO guidance......

Europe and China launch SMILE satellite to study Earth’s magnetic shield

The SMILE spacecraft, a joint mission between the European Space Agency and the Chinese Academy of Sciences, has successfully launched from the European spaceport in Kourou, French Guiana, marking the first flagship scientific collaboration between the two space institutions focused on Earth’s magnetosphere. The satellite lifted off......

Nvidia warns memory shortages are slowing global AI expansion

Nvidia CEO Jensen Huang said the biggest constraint facing the artificial intelligence industry is no longer chip production capacity but access to high bandwidth memory, as demand for AI infrastructure continues to outpace global supply. Speaking during the Dell World conference in Las Vegas, Huang said semiconductor manufacturing is expanding......

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