Chinese internet search giant Baidu said on Friday its AI chip unit Kunlunxin has confidentially filed a listing application with the Hong Kong stock exchange on January 1, paving the way for a spin-off and separate listing.
Quality typically doesn't come cheap, especially after the market's strong run in tech stocks. These five companies dominate their industries and have long runways for future growth.
South Korea's industry ministry and SoftBank's chip unit, Arm Holdings, have signed an agreement to strengthen the country's semiconductor and Artificial Intelligence sectors, a presidential policy adviser said on Friday.
U.S. sanctions are dismantling what remains of Lukoil's Litasco, once Russia's biggest oil trader and a rival to top Swiss houses and oil majors, five sources told Reuters.
South Korea's antitrust regulator visited the Seoul offices of Arm Holdings , this week as part of ongoing scrutiny of the company's licensing practices, Bloomberg News reported on Wednesday, citing people familiar with the matter.
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