China is investigating its defense minister for corruption, according to the Financial Times, a move that would come after a slew of high-profile purges rocked the People’s Liberation Army and took down both of his predecessors. Admiral Dong Jun is facing the inquiry “as part of a broader probe into graft” the newspaper reported Wednesday,…
Super Micro Computer hired a new auditor Monday after its previous one, Ernst & Young, quit in the middle of an engagement. The Silicon Valley-based company, which touts a close relationship with AI stock-rocket Nvidia, had risked being delisted from the Nasdaq after failing to file both an annual and quarterly report on time. Its…
Donald Trump said repeatedly during his campaign to return to the US presidency that he could quickly negotiate an end to Russia’s war in Ukraine. There’s now concern in Ukraine and among its allies that once Trump is inaugurated in January, the US will back away from supporting the effort to fend off Russian invasion….
Silicon Valley tech company Super Micro was supposed to be riding high: After flying under the radar for a quarter of a century, the company had ridden the coattails of the recent generative AI boom. The $20 billion manufacturer builds some of the most important hardware used to power the top artificial intelligence models–that is,…
Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, priced its Hong Kong initial public offering at the top of the range to raise HK$5.4 billion ($696 million), according to terms of the deal obtained by Bloomberg News. The company priced the shares at HK$3.99 each, the terms show. It…