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China's Xiaomi to invest nearly $7 bn in chips
China's Xiaomi to invest nearly $7 bn in chips
Business and Economy
by  AFP

Chinese tech giant Xiaomi will invest 50 billion yuan ($6.9 billion) in developing high-end smartphone chips, the firm's founder said on Monday. In pursuit of Xiaomi's semiconductor ambitions, the firm has developed a plan involving "at least 10 years of investment and at least 50 billion yuan", he added.

Ryanair annual profit drops 16% as fares fall
Ryanair annual profit drops 16% as fares fall
Business and Economy
by  AFP

Irish no-frills carrier Ryanair on Monday said net profit fell 16 percent in its financial year as it cut ticket prices to boost passenger numbers. It warned that it expected just a three percent growth in passenger numbers for the 2026 financial year due to delayed Boeing deliveries.

Nvidia unveils plan for Taiwan's first 'AI supercomputer'
Nvidia unveils plan for Taiwan's first 'AI supercomputer'
Business and Economy
by  AFP

Nvidia boss Jensen Huang announced plans for Taiwan's "first AI supercomputer", as he showcased on Monday the company's latest advances in artificial intelligence. Huang said Nvidia would work with Taiwanese tech giants Foxconn and TSMC as well as the government to build Taiwan's "first AI supercomputer .. for the AI infrastructure and AI ecosystem".