Matthew Broersma

1 week ago | silicon.co.uk | Matthew Broersma

Taiwanese contract electronics assembler Foxconn is a potential bidder for Chinese-owned Singaporean chip assembler and testing business UTAC Holdings in what could be a $3 billion (£2.2bn) deal, Reuters reported. UTAC’s owner, Beijing-based private equity firm Wise Road Capital, has hired Jeffries to begin a sale process for UTAC and is expected to bring in non-binding bids by the end of May, the report said.

1 week ago | silicon.co.uk | Matthew Broersma

Chinese e-commerce giant Alibaba said its Taobao Instant Commerce platform, which launched less than a month ago with deliveries in less than an hour, has surpassed 40 million daily orders, in a fresh sign of the growth of the country’s “instant retail” trend. Alibaba launched the service late last month bringing together its Ele.me food-delivery offerings along with other items that it said could be time-sensitive for consumers, such as electronics, clothing and flowers.

1 week ago | silicon.co.uk | Matthew Broersma

French business consulting giant Capgemini said it is expanding its partnership with AI start-up Mistral to work with Germany’s SAP to build AI models for regulated industries handling sensitive data. The deal is designed to create a secure environment for the deployment of custom AI systems for industries with strict data requirements such as financial services, the public sector, aerospace and defense and energy, Capgemini said.

1 week ago | silicon.co.uk | Matthew Broersma

ChatGPT developer OpenAI has established a South Korean unit and plans to open an office in Seoul, the company said, amidst strong demand for its services in the country. Jason Kwon, OpenAI’s chief strategy officer, said South Korea has the largest number of paid ChatGPT subscribers after the US and ranks in the top 10 countries for both ChatGPT users and developers using OpenAI platforms.

1 week ago | silicon.co.uk | Matthew Broersma

Nvidia is planning to produce an entirely new AI accelerator chip for the Chinese market, replacing its banned H20 and using a different architecture at a significantly lower price than the previous China-focused chip, Reuters reported. The chip, set for mass production as early as June, is to use Nvidia’s latest Blackwell architecture and is expected to be priced at $6,500 (£4,793) to $8,000, compared to $10,000 to $12,000 for the H20, the report said, citing unnamed sources.