China’s Wingtech, owner of Nexperia, expects wider loss amid row over Dutch chipmaker

South China Morning Post - Jan 31, 2026

Wingtech Technology, the Chinese owner of chipmaker Nexperia, is expected to post a loss of between 9 billion yuan (US$1.3 billion) and 13.5 billion yuan in 2025, owing to the Dutch government’s takeover of the semiconductor firm, the Shanghai-listed company said in a statement on Friday. Wingtech said that its authority over the chipmaker continues to be “temporarily restricted” since the October 7 ruling of the Dutch Enterprise Chamber, a special division of the Amsterdam Court of Appeal,...

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Shares in ZTE rose more than 7 per cent in Hong Kong on Tuesday after the Chinese telecommunications equipment maker posted a nearly fivefold jump in third-quarter profit, driven by rapid expansion in its computing infrastructure and overseas operations. Net profit attributable to shareholders reached 1.31 billion yuan (US$196.3 million) for the three months ended September 30, up 395 per cent from a year earlier, according to an exchange filing released on Monday evening. Revenue climbed 34 per...

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China shoots ahead on AI video models

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Long before artificial intelligence became the next big thing in the tech industry, Wang Jian was crafting the foundational infrastructure that would eventually power it. In 2008, he joined Alibaba Group Holding – owner of the South China Morning Post – as chief architect and founded Alibaba Cloud in 2009, convincing the company’s leadership to invest heavily in building a cloud computing infrastructure from scratch. Today, Wang’s purview has expanded considerably. As an academician at the...

Nvidia’s Jensen Huang brings ‘sovereign AI’ push to Kazakhstan, shrugs off bubble fears

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China’s humanoid robots hunt for work in South Korea as Seoul bets on physical AI

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Unitree developing AI system to let humanoid robots improve themselves

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China’s Unitree unveils ‘guardian’ robot that can disarm attackers, lift cars

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Meta to pay New Mexico a historic US$25 billion in Cambridge Analytica Facebook case

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Meta Platforms was ordered to pay a groundbreaking US$25 billion civil penalty to the state of New Mexico in a consumer deception case spurred by the Cambridge Analytica scandal. The fine issued by state court Judge Francis Mathew is among the largest verdicts issued in US legal history. The award comes after a jury in Santa Fe determined that Meta had violated the state’s consumer protection over 43 million times based on widely viewed deceptive statements made by the company and its top...

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Tesla has agreed a deal to integrate Chinese fintech giant Ant Group’s Alipay digital payment software into its vehicles in China, as Elon Musk’s firm steps up efforts to offer localised smart features amid intense competition in the Chinese market. The agreement, signed on Tuesday, will see Tesla roll out an Alipay-powered smart parking service across its Chinese fleet, according to the fintech firm. Neither side revealed a launch date or which car models would receive the feature, though...

Washington’s DeepSeek ban may deter US firms from adopting Chinese AI models: experts

Washington’s DeepSeek ban may deter US firms from adopting Chinese AI models: experts

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Nvidia CEO to deliver keynote speech in Berlin as his firm faces investor scrutiny over AI

Nvidia CEO Jensen Huang is set to take the stage in Berlin on Wednesday, as the world’s most valuable company faces heightened investor scrutiny over whether the massive artificial intelligence spending boom – the engine behind the chipmaker’s meteoric growth – can deliver long-term returns. The conference agenda focuses on sovereign AI, industrial automation and operational infrastructure – key sectors where Nvidia hopes to drive demand beyond the handful of US tech giants currently dominating...

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