Intel Executives Accused of Mismanagement, Facing Massive Lawsuit from Shareholder LRTrustIntel Corporation is embroiled in a significant lawsuit filed by LRTrust, a major shareholder, against several executives and directors, including former CEO Pat Gelsinger and interim co-CEO and CFO David Zinsner. The lawsuit centers on allegations of mismanagement leading to the poor performance of Intel's Foundry Services (IFS) division, demanding the return of compensation and compensation for shareholder losses...

NVIDIA's Troubles in China: Antitrust Investigation and Supply Cut Rumors Shake the MarketAccording to a report in the Southern Metropolis Daily on December 13, 2024, the root of the current turmoil can be traced back to 2019. That year, NVIDIA spent nearly $7 billion to acquire all equity in Israeli chipmaker Mellanox...

SolarEdge Cuts Nearly 500 Jobs: Energy Storage Unit Closure Amidst Market ChallengesSolarEdge Technologies, a manufacturer of photovoltaic inverters, recently announced a significant strategic adjustment involving the closure of its energy storage division and the layoff of approximately 12% of its workforce, resulting in the loss of nearly 500 jobs. This move is attributed to the current challenging market environment and intensifying competition...

Former Apple Executive Joins Hi-P International Board, Bolstering Global Expansion StrategyDuco Pasmooij, a former Apple executive, joined the board of Singapore-based manufacturing services provider Hi-P International on November 11th as an independent director. He also chairs the newly established Technology, Transformation, and Sustainability Committee...

Dong Yuhui Resigns as Executive Director of "With Hui Together," Retains Board Member and Manager RolesOn November 25th, Tianyancha App showed that With Hui Together (Beijing) Technology Co., Ltd...

Airbus's Multi-Billion Dollar Outsourcing to India: A Cost-Cutting Strategy or a Global Aviation Safety Risk?China, the world's largest aviation market, is a key target for Airbus. The April 2023 mega-deal underscores this, with Airbus executives viewing China as its biggest client and possessing immense market potential...

Haier Smart Home Achieves 13 Consecutive Years of Double 11 Top Ranking: User-Centric Approach Creates a Quality LifeAs the clock struck midnight, the longest Double 11 event in history concluded. The government subsidies boosted the home appliance market during this Double 11, making the competition particularly fierce...

Bosch Group Faces Economic Challenges, Announces Over 7,000 Job CutsGerman industrial giant Bosch Group recently announced that it will not meet its economic targets in 2024 and may further adjust its workforce. This news has garnered significant attention within the industry, reflecting the immense challenges posed by the global economic downturn and the automotive industry's transformation...

Douyu: After a $50 Million Prison Dividend, Can a 96-Year-Old Female Executive Save the Game?Douyu, once the king of gaming live streaming, is now mired in a quagmire. Founder Chen Shaojie was arrested for alleged gambling and casino crimes, the company's performance continues to be sluggish, and a bizarre $50 million "prison dividend" has sparked discussions...

AITO Unveils "New Luxury" and Cutting-Edge Technology at 2024 World Intelligent Connected Vehicle CongressThe 2024 World Intelligent Connected Vehicle Congress, themed "Collaborative Progress, Intelligent Future Sharing New Opportunities for Intelligent Connected Vehicle Development," kicked off in Beijing on October 17th, attracting numerous industry leaders and experts. AITO, a leading Chinese New Energy Vehicle (NEV) company, showcased its latest products and core technological achievements at the event, demonstrating its strong product capabilities and technological prowess, garnering widespread attention from attendees and industry professionals...

Nezha Auto Responds to Salary Delay Rumors: Frontline Employees Paid on Time, Executive Compensation Structure AdjustedOn October 16, in response to rumors of salary delays, Nezha Auto told Global Times Tech that salaries for frontline employees and factory workers are being paid on time. The company is currently adjusting the compensation structure for middle management and executives, resulting in slightly delayed payments for a few individuals...

Why Doesn't Apple Take a Cut from 12306 Online Ticket Purchases? What's Behind the Power Play?Apple's announcement that it will not charge any fees for the 12306 online ticket purchasing app has sparked widespread discussion. As a global tech giant, Apple's AppStore commission policy has always been controversial...