Bloomberg Tech

After former US House Speaker Nancy Pelosi touched down in Taiwan last year, it took less than an hour for China to announce missile tests and military drills encircling the island.

Allianz Global Investors is betting that a resurgence in demand for semiconductors in the second half of 2023 will drive a long-anticipated revival of the global chip sector.

Jane Street Group, Tower Research Capital and Radix Trading are the three unidentified trading firms cited as “VIP” clients of Binance Holdings Ltd. in a top US regulator’s lawsuit against the cryptocurrency exchange, according to people with direct knowledge of the matter.

Samsung Electronics Co. is heading for its lowest profit since the global financial crisis, if not longer, due to a sharp slowdown in tech demand that triggered losses at its semiconductor division.

Shares of China’s state-owned enterprises have been a hot trade in a mostly lackluster equities market this year, but disappointing earnings are causing investors to reassess their bullish bets.

C3.ai Inc. Chief Executive Officer Tom Siebel said the short-seller letter from Kerrisdale Capital that caused his company’s shares to plummet 38% the past two days was stock price manipulation.

Walt Disney Co. named Joe Earley as president of its direct-to-consumer business, a critical role that includes responsibility for the company’s flagship Disney+ and Hulu streaming services.