Category: Semafor

South Korean memory chipmaker SK Hynix became the latest industry titan to top $1 trillion in market capitalization, as AI-driven demand propelled a sector-wide boom. Fellow Korean giant Samsung and semiconductor maker Micron also recently crossed the threshold, the latter just yesterday, while an exchange-traded fund of AI chipmakers has ...

The Scoop US antitrust regulators appear ready to approve Paramount’s $110 billion takeover of Warner Bros. Discovery after a two-hour meeting Tuesday at the Justice Department, where Paramount CEO David Ellison reiterated a commitment to releasing movies in theaters, people familiar with the matter said. DOJ antitrust staff members grilled ...

BP on Tuesday abruptly ousted its chairman, citing “serious” governance and conduct concerns. Albert Manifold had taken his post at the British oil major just months ago, with plans to accelerate the company’s turnaround following years of turmoil. Bloomberg reported there had been complaints of Manifold showing aggressive behavior toward ...

Surging chip stocks are warping stock markets globally. US-based Micron Technology on Tuesday hit a $1 trillion market value on strong demand for its memory chips; the tech-driven surge pushed US stock indices to new highs, despite the latest US strikes on Iran. Chip giant TSMC’s rally largely drove Taiwan ...

The effects of what could be one of the strongest El Niño events are becoming more pronounced, just as many countries are struggling with high energy prices. “Exceptionally early” heat is shattering records across Western Europe, straining grids and causing threat to life, the Associated Press wrote; London hit 95.2°F ...

Iran is starting to restore internet access after a nearly three-month blackout. Tehran cut its public off from the web shortly after the US and Iran struck the country in late February, instead promoting a heavily curtailed network of domestic platforms. The restrictions reshaped Iran’s economy, as tech companies were ...

China and its tech giants are racing to protect their top AI talent, as competition intensifies at home and with the US. Beijing is restricting overseas travel for AI officials at Alibaba and DeepSeek — similar to rules for academics and nuclear scientists — in an effort to secure its ...

The Scene As Lyft tries to climb out of Uber’s shadow, the ride-share company is going after the high-end travel market. CEO David Risher said he’s already speaking with CEOs like United Airlines’ Scott Kirby about bundling Lyft with other corporate travel perks. “Maybe it looks like: get a first-class ...

Chinese AI startup Deepseek made a 75% discount on its flagship model permanent, intensifying an AI price war. Chinese labs are increasingly looking to compete with their global peers for customers, and cost is a big part of the equation: DeepSeek’s offering is more than 10 times cheaper than OpenAI’s. ...

Iran is using Chinese hardware to strengthen its censorship capabilities, further proof that Beijing is exporting the technology that powers its cutting-edge firewall. Since the start of US-Israeli attacks in February, Tehran has essentially cut Iranians off from the web, reshaping the country’s economy in the process. Authorities now plan ...