Wingtech demands return of Nexperia control after Dutch freeze pause
Wingtech Technology Co. Ltd. has accused the Dutch government of playing an active role in legal actions that stripped the Chinese company of control over Netherlands-headquartered chipmaker Nexperia. It is also demanding that Dutch authorities reinstate its full shareholder rights. In a Thursday statement, Wingtech asserted that the Dutch government’s suspension of an administrative freeze on Nexperia’s assets was not enough, as it failed to reverse a prior court ruling that transferred control of its stake to a court-appointed trustee. The company said this judicial action was coordinated with government measures, calling it a “systematic and illegal deprivation” of its shareholder rights.
Moore Threads to raise nearly 8 billion yuan in IPO
Beijing-based GPU designer Moore Threads Technology Co. Ltd. plans to raise about 8 billion yuan ($1.1 billion) in its Shanghai IPO, the company announced Thursday. Based on preliminary inquiries, the issue price was set at 114.28 yuan per share. The company expects net proceeds of about 7.6 billion yuan from the IPO after deduction the issuance costs.
Intel pivots to custom chips to tap China’s lucrative computing markets
Intel Corp. is doubling down on its localization strategy in China, unveiling plans to offer custom chip solutions tailored to the country’s fast-growing PC and cloud computing markets — sectors the company expects to reach multi-trillion yuan scales. Speaking Wednesday at the Intel Technology Innovation and Eco-partner Summit in Chongqing, Intel China Chairman Wang Zhicong laid out a vision for adapting the U.S. chipmaker’s offerings through modular configurations designed to meet specific local needs. The shift signals a strategic evolution for the company as it seeks to defend its stake in a market that accounted for nearly 30% of its global revenue last year.
Google to open new AI hardware engineering center in Taiwan
Google announced Thursday that it will open an artificial intelligence infrastructure hardware engineering center in Taiwan, its largest such facility outside the U.S. The center is expected to have several hundred employees developing and testing technology for deployment in Google’s data centers and AI infrastructure worldwide. Google said Taiwan brings together key elements for building AI infrastructure, from design to manufacturing, which could shorten deployment cycles by up to 45%.
Meta’s chief AI scientist to leave Meta and start new AI company
Yann LeCun, Meta Platforms Inc.’s chief AI scientist and a Turing Award laureate, announced on LinkedIn Wednesday that he is leaving the company to launch a startup dedicated to advancing advanced machine intelligence. LeCun stated that the new company aims to develop intelligent systems capable of understanding the physical world, possessing long-term memory and performing reasoning and complex action planning.
Google launches new image generation model
Google on Thursday rolled out Nano Banana Pro, its next-generation image generation and editing model. Also known as Gemini 3.0 Pro Image, the model is capable of generating high-fidelity images with improved text rendering and can access Google Search to integrate retrieved data into image content. It supports 2K and 4K resolutions and can maintain consistency for up to five characters. The model has been launched as a paid preview and is integrated into Google’s agent development platform, Google Antigravity.
IBM and Cisco to partner on quantum computer network
IBM Corp. and Cisco Systems Inc. on Thursday announced a partnership to explore the development of networked distributed quantum computing infrastructure, with a completion target as early as the 2030s. Over the next five years, the two companies aim to validate a proof-of-concept network that can connect multiple independent, large-scale, fault-tolerant quantum computers.
