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Chinese Semiconductor Design Firms Turn to Malaysia for Chip Assembly Amid US Sanctions Concerns

More and more Chinese semiconductor design businesses are looking to Malaysian companies to assemble chips, particularly GPUs graphics processing unit

More and more Chinese semiconductor design businesses are looking to Malaysian companies to assemble chips, particularly GPUs graphics processing units. Chinese corporations are looking to diversify and manage risks considering possible US sanctions expansion on Chinas semiconductor sector, which is driving this approach. Although the requests mostly concern chip assembly, exempt from US limitations, businesses are concerned about possible limits on the export of advanced packaging technologies. Malaysia, a significant participant in the semiconductor supply chain, is in an excellent position to profit from this change as Chinese chip companies look for suppliers outside of China for their assembly needs. Read More..

B2B Tech News | 2 months ago      

Bitnomial Granted CFTC Approval to Operate as VerticallyIntegrated Cryptocurrency Exchange and Clearinghouse

Bitnomial, a Chicagobased cryptocurrency derivatives exchange and brokerage, has received approval from the U.S. Commodities Futures Trading Commissio

Bitnomial, a Chicagobased cryptocurrency derivatives exchange and brokerage, has received approval from the U.S. Commodities Futures Trading Commission CFTC to operate as its registered clearinghouse. This certification is noteworthy since it is the first time a vertically integrated market structure in the cryptocurrency field has received permission from the CFTC. Bitnomial is already licenced as a broker and exchange. The licence comes as the Bitcoin sector is being examined more closely due to worries about possible conflicts of interest in vertically integrated institutions. Luke Hoersten, CEO of Bitnomial, emphasised that the company can now concentrate on growing its clientele and product line. Read More..

B2B Tech News | 2 months ago      

Dow Jones Hits First Record Closing High Since January 2022 on Feds Interest Rate Policy

The S&P 500 and Nasdaq both had more than 1% gains following the Federal Reserves announcement that interest rates would no longer rise and that borro

The S&P 500 and Nasdaq both had more than 1% gains following the Federal Reserves announcement that interest rates would no longer rise and that borrowing costs would decline in 2024. Meanwhile, the Dow Jones industrial average hit its first closing high record since January 2022. The central banks Interest rates remained steady, and by the end of 2024, 17 out of 19 Fed officials predicted a lower policy rate. At a news conference, Fed Chair Jerome Powell stressed that the Fed is no longer expected to raise interest rates and that the goal is to avoid being too high for too long. The Nasdaq and S&P 500 closed the year at record highs. Read More..

B2B Tech News | 2 months ago      

Berkshire Hathaway Boosts Stake in Occidental Petroleum with $588.7 Million Purchase

This week, Berkshire Hathaway, under the leadership of Warren Buffett, paid around $588.7 million to purchase almost 10.5 million shares of Occidental

This week, Berkshire Hathaway, under the leadership of Warren Buffett, paid around $588.7 million to purchase almost 10.5 million shares of Occidental Petroleum, bringing its position to roughly 27%. In addition, as part of an agreement that helped Occidental finance its 2019 acquisition of Anadarko Petroleum, Berkshire is the owner of preferred shares and rights to purchase an additional 83.8 million Occidental shares for $4.7 billion, or $56.62 per share. The warrants would increase Berkshires stake to 33 per cent if exercised. The latest acquisitions come after Berkshire paid around $14.4 billion to acquire a 25.8% share in Occidental on October 25. Read More..

B2B Tech News | 2 months ago      

Argentina Expects December Inflation to Surpass Novembers 12.8%

According to Luis Caputo, Argentinas Minister of Economy, the countrys inflation rate is predicted to be "substantially higher than in November." Arge

According to Luis Caputo, Argentinas Minister of Economy, the countrys inflation rate is predicted to be "substantially higher than in November." Argentinas monthly inflation rate hit a record high of 12.8% in November, the highest of the year. Caputo recently unveiled economic measures, such as a peso devaluation of more than 50% to 800 per US dollar and reductions in energy and transit subsidies. The reduction in energy subsidies is expected to start in February or March of the following year. In light of the nations economic difficulties—including high inflation and a significant loan programme with the IMF—the government intends to restructure its deal with the IMF. Read More..

B2B Tech News | 2 months ago      

DonorView Faces Data Breach Nearly a Million Records of Donors Exposed Online

An internet database with almost a million records of contributors who made financial contributions to nonprofit organisations has been discovered. Do

An internet database with almost a million records of contributors who made financial contributions to nonprofit organisations has been discovered. DonorView, a company that offers cloudbased fundraising platforms to various organisations with philanthropic or benevolent objectives, owns the database. Donor names, addresses, phone numbers, emails, payment methods, and more were among the details that were made public. In some cases, names and addresses of people identified as youngsters were provided, but it was unclear if these people had anything to do with the charity that received the contribution or the people who received the money. The event emphasises how crucial database security is for safeguarding donor data and reducing the possibility of phishing scams. Read More..

B2B Tech News | 2 months ago      

Coinbase International to Introduce Spot Crypto Trading from December 15

Beginning on December 15, Coinbase plans to extend its reach outside the United States by introducing spot cryptocurrency trading services on its glob

Beginning on December 15, Coinbase plans to extend its reach outside the United States by introducing spot cryptocurrency trading services on its global exchange. After first concentrating on derivatives, the foreign exchange will gradually introduce spot trading, starting with bitcoin and ether against the USDC stablecoin. The move is crucial as it allows Coinbase to learn and gauge demand for spot goods, which might have longterm benefits for the business. This news coincides with growing interest in cryptocurrencies since bitcoin prices have risen significantly this year, and trader mood has improved due to the prospect of a spot exchangetraded fund. Read More..

B2B Tech News | 2 months ago      

Generative AI Startup Mistral AI Teams Up with Google Cloud for Model Distribution

Through their collaboration, Google Cloud and Mistral AI have made it possible for the Parisbased generative AI firm to share its language models acro

Through their collaboration, Google Cloud and Mistral AI have made it possible for the Parisbased generative AI firm to share its language models across Google Clouds infrastructure. As per the deal, Mistral AI will test, develop, and scale up its large language models LLMs using Google Clouds AIoptimized infrastructure, which includes TPU Accelerators. Thanks to this partnership, Mistral AI may now use Google Clouds security and privacy requirements. Founded by former researchers from Meta and Google, Mistral AI has secured 385 million euros in its second fundraising round, placing it in the top tier of AI startups worldwide. Read More..

B2B Tech News | 2 months ago