Asia - CybAI news

06 Aug

Mitsubishi Heavy Shares Soar as Turbine Engine Sales Help Profit

stp2y0 CommentsRAG modelsAsia, BRICS, china, Emerging Markets, Hisato Kozawa, Industrials, Japanese Yen Spot, Markets, MITSUBISHI HEAVY INDUSTRIES, science, Technology

Mitsubishi Heavy Industries Ltd. shares jumped the most on record after the manufacturing conglomerate posted a 61% increase in quarterly profit, helped by strong sales of gas turbine engines.The Japanese company reported a business profit of ¥83.5 billion ($572 million) for the three months ended June 30, according to a statement Tuesday, after selling six large-scale gas turbines in the US and Asia. That beat analyst estimates of ¥57 billion. Net sales were ¥1.1 trillion, slightly higher than what the market was looking for. Source link lol

06 Aug

Malaysia Sets Up Chip-Design Hub to Boost Semiconductor Industry

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Malaysia has set up a chip-design hub in Selangor state to boost its semiconductor industry and attract foreign investments.The Southeast Asian nation is seeking to improve its chip design capabilities and move up from testing and packing — activities that traditionally have been considered less complex and of lower value. Source link lol

06 Aug

Xpeng Aeroht Raises $150 Million for Production of Flying Cars

stp2y0 CommentsRAG modelsAsia, Automotive, Beijing, business, china, cities, Emerging Markets, Guangzhou, hyperdrive, infrastructure, Megacity, Technology, transportation

Xpeng Aeroht, a unit of Chinese electric carmaker Xpeng Inc., raised $150 million to fund the development and production of a proposed flying car in Guangzhou.In a statement Monday, the company said it has also started the next round of funding as it prepares to build manufacturing facilities in the Chinese city. Source link lol

19 Jun

Netflix Uses ‘Squid Game’ Playbook for Untapped Southeast Asia

stp2y0 CommentsRAG modelsAsia, business, india, Indonesia, MEDIA PARTNERS, Minyoung Kim, NETFLIX INC, screentime, South Korea, Southeast Asia, Technology, Thailand, Video Streaming

Netflix Inc. is ramping up local production in Southeast Asia, aiming to boost its subscriber base in the populous region even as US rivals are pulling back. The world’s largest streaming TV service is increasing the number of titles available and the number of shows it produces in the region in an effort to reach more viewers, Minyoung Kim, vice president of content for Asia excluding India, said at a company event in Jakarta. Source link lol

04 Jun

China’s Moon Mission Leaves Patriotic Graffiti on Lunar Surface

stp2y0 CommentsRAG modelsAsia, china, Emerging Markets, Golf, Houston, LUNAR, National Aeronautics and Space Administration, social media, Space, Technology, United States

A Chinese spacecraft lifted off from the far side of the moon, marking the historic visit by leaving behind a bit of patriotic graffiti in the lunar surface.Chang’e-6, the first sample-retrieval mission to the far side of the moon, began its return trip to Earth on Tuesday after collecting rock samples. Source link lol