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The Samsung pay deal is the moment Korean unions changed register

Samsung’s 10.5%-of-profit bonus formula is only the second written profit-share agreement at a major Korean firm. Kakao’s union is already asking for more. Samsung Electronics’ unionised workforce voted in favour of the government-mediated pay agreement on Wednesday, formally closing the deal that narrowly survived an injunction filing from a smaller non-chip union on Tuesday. The vote […]This story continues at The Next Web

Micron approaches $1tn as UBS sees a path to $1.8tn over 12 months

Timothy Arcuri lifted his price target to $1,625 from $535 on the back of long-term HBM supply agreements that, in his read, compress the boom-bust memory cycle into something closer to a structural duopoly. Micron Technology shares rose as much as 19% on Tuesday after UBS analyst Timothy Arcuri more than tripled his price target […]This story continues at The Next Web

China’s market regulator fines Luxshare and Wingtech over their unwinding deal

SAMR has penalised the two electronics firms for procedural violations in their now-collapsed asset sale, the latest signal of Beijing’s tightening merger-enforcement posture. China’s State Administration for Market Regulation has fined Luxshare Precision Industry and Wingtech Technology for violations in connection with their now-unravelling asset sale, according to a Reuters report on Wednesday. The fine […]This story continues at The Next Web

ECB tells eurozone banks to tighten cyber-security as AI shifts the threat picture

The European Central Bank has formally told eurozone banks they must tighten their cyber-security posture in response to AI-led attack tools, in a follow-up statement issued on Wednesday that turns earlier private guidance into something closer to a supervisory expectation. The ECB’s vice-chair of the Single Supervisory Mechanism, Frank Elderson, framed the shift in language […]This story continues at The Next Web

Airbnb leads a $58M Series C in WeRoad and hires its CEO to run hotels

The Milan group-travel platform takes a $58M Series C and a strategic 10% Airbnb shareholding. Andrea D’Amico leaves to run Airbnb’s hotels division. Airbnb has led a $58m Series C in WeRoad, the Milan-based group-adventure-travel platform, taking a 10% stake and a board seat as part of the deal. Andrea D’Amico, the company’s chief executive […]This story continues at The Next Web

The Qualcomm-ByteDance ASIC deal works around US export controls by design

The TikTok parent will buy millions of Qualcomm application-specific chips for AI data centres and use Qualcomm to take its own design from blueprint to production. Qualcomm has struck a deal to supply ByteDance with millions of application-specific integrated circuits, the chip designer’s most prominent commitment yet to compete in the AI data-centre market it […]This story continues at The Next Web

Taiwan suspects NVIDIA chips were smuggled to China via a Japan transshipment route

Three suspects, including a Super Micro senior vice president, are accused of exporting US-restricted servers through false documents to Japan and then on to mainland China. Taiwanese prosecutors suspect that three individuals successfully smuggled at least one shipment of Nvidia AI chips to mainland China after first exporting them to Japan, according to a Bloomberg […]This story continues at The Next Web

Meet the speakers: Who is taking the stage at the TNW, Oneflow & Flexas gathering in Amsterdam?

Four guests, one question: when everyone has AI, what will actually make a SaaS company win? The panel on 3 June in Amsterdam will try to answer it. There is a moment, somewhere between the third and the fourth AI feature release of the quarter, when even the most enthusiastic founder begins to wonder whether […]This story continues at The Next Web

SpaceX wins a $2.29bn Space Force contract for the Golden Dome backbone

The Space Data Network Backbone, built on Starshield satellites, is designed to link missile-defence sensors and interceptors in near real time. The US Space Force has awarded SpaceX a $2.29bn fixed-price contract to build the Space Data Network Backbone, a secure, high-speed satellite communications layer intended to underpin the Trump administration’s Golden Dome missile-defence initiative. […]This story continues at The Next Web

Airbnb-backed WeRoad raises $58M to take its group travel platform to the US

WeRoad, the Milan-based group travel startup, has raised a $58 million Series C round led by Airbnb as it prepares for its first major expansion outside Europe. The funding brings the company’s total capital raised to roughly $100 million and will finance WeRoad’s push into the U.S., beginning with Austin. The new investment reflects a […]

Apple and Google push for judicial oversight of Canada’s lawful-access bill

Apple and Google have formally pushed for amendments to Bill C-22, the Canadian government’s lawful-access legislation now working its way through the House of Commons, arguing that the bill as drafted creates a potential for secret orders to compel changes to the encryption underpinning their software and devices. Both companies want judicial oversight built into […]This story continues at The Next Web

Elon Musk Hits Back At Tesla Brand Damage Critics, Reaffirms Model Y's Sales Dominance

Tesla Inc. CEO Elon Musk on Monday hit back against concerns that his political activism has negatively affected the Tesla brand. Product >> Brand Quoting a post by user James Stephenson on X, who hailed the Tesla Model Y’s position...

He Loaned Elon Musk $1 Million When Tesla Was Nearly Bankrupt — Now He’s About to Make More Than $100 Billion

Elon Musk's best friend Antonio Gracias bet early on Musk. His 7.3% SpaceX stake could soon make him one of the 50 wealthiest people alive.

Elon Musk bashes Bruce Springsteen over USAID cuts concert criticism

Elon Musk criticized Bruce Springsteen twice on X in response to Springsteen's take on Musk-led DOGE cuts of USAID.

Bernie Sanders Waves Off Elon Musk's 'Universal High Income' Argument,' Says Tesla CEO Can't Even Support 5% Tax On His $817 Billion Wealth

Sen. Bernie Sanders (I-VT) slammed Tesla Inc. and SpaceX CEO Elon Musk‘s predictions about AI enabling a “universal high ...

The Question About Elon Musk That SpaceX Refuses to Answer Before Its IPO

There’s a question floating around the biggest IPO in history, and SpaceX has chosen its words very carefully to avoid ...

Is Elon Musk really planning to merge SpaceX with Tesla?

Is Elon Musk really planning to put SpaceX and Tesla (TSLA) under one roof? It’s all anyone’s talking about on Wall Street, ...

Elon Musk warns America is '1,000% going to go bankrupt' and 'fail as a country' — here's what he says can save us

'Nothing else will solve the national debt.' ...

Elon Musk announces new base on Moon

Billionaire tech tycoon Elon Musk wants to build a world outside Earth and now he wants a base on the moon. As NASA broadcast ...

Elon Musk Accuses Trump Admin of Using Starlink for Military Purposes

Elon Musk, owner of global satellite internet service Starlink, on Tuesday accused the Trump administration of breaching the ...