Netherlands suspends Nexperia asset freeze
The Dutch government has temporarily suspended a controversial ministerial order restricting operations at Chinese-owned chipmaker Nexperia Holding B.V., after high-level talks with Beijing aimed at defusing tensions in the global semiconductor supply chain. Vincent Karremans, the Netherlands’ minister of economic affairs, called the decision a “constructive step” following discussions with European and international partners. The move lifts operational restrictions on Nexperia and its 30 global subsidiaries, allowing them to manage assets, intellectual property, business operations and personnel without government interference.
EU launches anti-dumping probe into Chinese robotic lawn mowers
The EU has launched an anti-dumping investigation into robotic lawn mowers imported from China, signaling rising trade friction as Chinese smart-hardware makers gain ground in global garden tool markets. The European Commission issued a notice of initiation on Wednesday, following a complaint filed on Oct. 6 by Husqvarna AB, a long-established Swedish garden tool manufacturer, alleging unfair pricing practices by Chinese competitors.
China Unicom names veteran executive as chairman
Dong Xin, a seasoned telecom executive, has been appointed chairman and Communist Party chief of China United Network Communications Group Co. Ltd., known as China Unicom, marking his return to the industry following nearly two years in a top media regulatory role. The 59-year-old’s appointment was announced Wednesday, filling the vacancy left after former chairman Chen Zhongyue was tapped to lead rival China Mobile Group Co. Ltd. on Oct. 28.
Nvidia’s quarterly revenue jumps 62%
Nvidia Inc. reported $57 billion in revenue for the third quarter of its 2026 fiscal year ending Oct. 26, a 62% year-on-year increase. The U.S. chip giant’s non-GAAP net profit grew 59% to $31.8 billion. Revenue from its data center business surged 66% to a record $51.2 billion, well above the $48.62 billion average forecast by London Stock Exchange Group analysts.
HUMAIN to deploy up to 600,000 Nvidia GPUs in next three years
HUMAIN, an AI company under Saudi Arabia’s Public Investment Fund, will deploy up to 600,000 Nvidia GPUs over the next three years, including the NVIDIA GB300 platform, it said at a forum Tuesday. The company also plans to build a data center in the U.S. and train its HUMAIN Chat model based on the NVIDIA Nemotron model.
Luma AI closes $900 million Series C round
Video generation startup Luma AI announced Tuesday it has raised $900 million in a Series C funding round. The round was led by HUMAIN, the AI firm backed by Saudi Arabia’s Public Investment Fund, with participation from AMD and venture capital firms Andreessen Horowitz, Omniva and Amplify Partners. Luma AI also said it will partner with HUMAIN to build a 2-gigawatt supercomputing cluster, dubbed Project Halo, with deployment starting in the first quarter of 2026 and expected completion between 2028 and 2029.
Kuaishou’s quarterly profit soars 70%
Kuaishou Technology Co. Ltd. posted a 70% surge in third-quarter operating profit, as its ramped-up investment in artificial intelligence began bearing fruit — especially in its core advertising segment. The Beijing-based short-video company reported operating profit of 5.3 billion yuan ($746 million) for the three months ended in September. Revenue climbed 14.2% year-on-year to 35.6 billion yuan, while adjusted profit rose 26.3% to 5 billion yuan. User engagement hit record highs. Daily active users on Kuaishou’s platforms grew 3% to 416.2 million, while monthly active users rose 2.4% to 731.1 million.
DeepMind to open AI lab in Singapore
Google DeepMind announced Tuesday it will establish a new AI lab in Singapore to collaborate with regional governments, businesses and academic institutions. The company said the size of its Asia-Pacific team has more than doubled in the past year, focusing on improving the capabilities of the Gemini model and promoting the use of its new models in various Google products.
China’s AI toy market projected to grow to 29 billion yuan
The value of China’s market for AI-powered toys is projected to grow to 29 billion yuan in 2025 from about 24.6 billion yuan in 2024, an official from the Ministry of Industry and Information Technology said Tuesday. He Yaqiong, head of the ministry’s consumer goods industry department, said at a press conference that the application of AI and large models has significantly improved the interactivity of toys, making them a new competitive frontier in the industry.
