Huawei Technologies has revealed that the new Pura 80 handsets are powered by its Kirin 9020 system-on-a-chip, marking the first time in about five years that the US-sanctioned company has lifted the veil of secrecy behind its advanced smartphone processors. The name of Huawei’s chipset, which was designed by semiconductor design subsidiary HiSilicon, was found prominently displayed in screenshots shared online by Pura 80 users after a system update of the handset. Information about the...

Alibaba Group Holding and its fintech affiliate Ant Group, both co-founded by Jack Ma, have joined forces to create an army of delivery service workers to defeat Meituan in the instant commerce market. A total of 22 businesses operated by Alibaba and Ant, including domestic online marketplaces Taobao and Tmall, Ant’s Alipay payment service and Alibaba Cloud, have pledged to improve the conditions of millions of delivery riders. Alibaba owns the South China Morning Post. Alibaba’s move to pool...

Chinese tech giant Xiaomi posted a 30.5 per cent increase in revenue for the second quarter, driven by strong demand for electric vehicles (EVs), even though its core smartphone business experienced flat sales. Xiaomi on Tuesday reported revenue of 116 billion yuan (US$16.1 billion) for the three months ended June, a record high that beat analysts’ estimates of 114.94 billion yuan. Net profit for the period also reached a record at 10.8 billion yuan, a 75.4 per cent year-on-year increase,...

Nvidia is developing a new artificial intelligence chip for China based on its latest Blackwell architecture that will be more powerful than the H20 model it is currently allowed to sell there, according to two people briefed on the matter. US President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China, but the sources noted US regulatory approval was far from guaranteed amid deep-seated fears in Washington about giving China too much...

Taiwan’s Foxconn, which rose to become a global tech manufacturing juggernaut by assembling millions of iPhones, can now say its main business is no longer Apple as it takes advantage of the artificial intelligence boom to diversify its income. Its revenue from making AI servers and other cloud and networking products, including for major customer Nvidia, surpassed smart consumer products such as iPhones for the first time in the second quarter, marking the culmination of a shift that began...

SoftBank Group agreed to buy US$2 billion in Intel stock, a move that extends its US investment effort and offers a vote of confidence in the struggling chipmaker. SoftBank will pay US$23 a share for Intel ordinary share, according to a joint statement on Monday. The agreement, which the companies described as a move to “deepen their commitment” to US chip innovation, will be subject to customary closing conditions. Intel shares jumped about 5 per cent in late trading after the announcement....

Apple has joined the popular Chinese social platform RedNote, known as China’s answer to Instagram, in the US tech giant’s latest bid to strengthen its brand presence in the competitive mainland market ahead of the launch of the iPhone 17. After publishing its first post on Saturday morning, the verified Apple account has amassed more than 200,000 followers on RedNote, a site known for its young, tech-savvy and trend-conscious user base. Earlier this year RedNote gained worldwide fame,...