SK Hynix Denies Report About SoftBank Approach for Kioxia Deal
South Korea’s SK Hynix Inc. said that it has not approached SoftBank Group Corp. about a possible deal with memory chipmaker Kioxia Holdings Corp.
Bloomberg Tech
Israel Latest: Gaza Hospital Blast Risks Derailing Biden’s Trip
Joe Biden travels to Israel on Wednesday, with tensions high after an explosion at a hospital in Gaza killed hundreds of people and prompted Arab leaders to cancel a summit with the US president.
China Housing Shows Little Improvement Despite Support Measures
China’s property slump remained a drag on the economy in September despite several steps taken by authorities in recent months to bolster the sector.
Nvidia Warns of Product Snags From Tightening US Chip Rules
Nvidia Corp. suffered its worst stock decline in more than two months after the Biden administration stepped up efforts to keep advanced chips out of China, a campaign that includes restricting the company’s sale of processors designed specifically for the Chinese market.
Hon Hai Aims to Use AI to Expand Its Push into Electric Vehicles
Hon Hai Precision Industry Co., best known as the maker of Apple Inc.’s iPhone, is expanding its push into electric vehicles by integrating artificial intelligence, attempting to bolster its strategy for one of the hottest segments of the automotive industry.
Chinese Chipmaker Wingtech’s Unit Seeks Up to $1 Billion in Loan
Nexperia Holding BV, the Dutch unit of Shanghai-listed Wingtech Technology Co. caught in the US-China semiconductor dispute, is looking to raise as much as $1 billion in a 5-year loan, according to people familiar with the deal.
China Chipmaker Wingtech’s Dutch Unit Seeks $1 Billion in Loan
Nexperia Holding BV, the Dutch unit of Shanghai-listed Wingtech Technology Co., is looking to raise as much as $1 billion in a five-year loan, according to people familiar with the deal, in what would be a test of investor appetite amid a broader US-China semiconductor dispute.
Israel Latest: Biden to Visit as Oil Climbs After Hospital Blast
President Joe Biden travels to Israel with tensions high after an explosion at a Gaza hospital killed hundreds of people. Oil rallied following the blast and Arab leaders canceled a planned summit with Biden on Wednesday, complicating his push to contain a conflict that threatens to engulf the region.
China Approves GM Corn and Soybean Seed Varieties in Crop Boost
China has approved dozens of genetically modified corn and soybean seed varieties for planting, in a breakthrough move that could eventually boost production and reduce dependence on foreign supplies.
BYD Shares Jump on China EV Maker’s Record Quarterly Profit
BYD Co. shares jumped the most in more than nine months in Hong Kong trading after China’s biggest electric car maker posted record preliminary third-quarter earnings.