BUSINESS: GOLDSEA

Subscribe for Free Updates

Subscribe Now to receive Goldsea updates!

Subscribe for updates on Goldsea: Asian American Daily

Subscribe Now

Business

Battlefield Systems by Palantir, Anduril Panned by Army

Military communications systems provided by Trump allies contain major security flaws, according to an internal Army memo.

Uniqlo Mastered the Art of Simple

Tadashi Yanai didn’t need to follow trends or plaster a logo on shirts to grow Uniqlo into one of the world’s biggest clothing retailers.

Applied Materials to Lose $600 Million to New Chip Export Curbs

A recent expansion of restrictions on high-end chip exports is projected to cost the firm $600 million in 2026 revenues.

$55 Billion EA Buyout Shows IP Crossover Value

The leveraging of video games into movies and streaming content adds a crucial new dimension to the valuation of gaming assets.

Rivian Cuts Deliveries Forecast on End of EV Tax Credits

Despite a big jump in EV deliveries last quarter, Rivian adjusts down forecasts on pessimism on loss of $7,500 credits by mid-income households for leased ...

Tae Oh's Spacecoin Seeks to Challenge Starlink

The satellite data communications startup succeeded in sending blockchain financial data around the world using a system designed for decentralized control.

Stargate Deepens Samsung-OpenAI Partnership

Samsung and SK Hynix will meet the high demand for memory chips from OpenAI's Stargate data centers in the US and in South Korea.

Global Currency Trade Hits $10 Trillion per Day

Amid rising volatility the yuan's share of FX trade has risen at the expense of the euro and the British sterling.

China Carmakers Invest More Abroad Than at Home

Fierce domestic competition and tariffs are pushing China's carmakers to look abroad for growth opportunities.

YouTube Wrangles for Streaming Dominance

Negotiations over shows like Sunday Night Football, America's Got Talent and Love Island illustrates YouTube's focus on streaming market share as key to media dominance.

Taiwan Refutes US Claim of 50/50 Chipmaking Deal

Despite a $165 billion TSMC is investing in US chip factories, most chip production will remain in Taiwan.

H-1B Visa Fee Pushes US Firms to Shift Work to India

Global capability centers (GCC) in India may become the main beneficiary of Trump's push to make H-1B visas prohibitively expensive.

Booming S. Korean Used-Car Exports Cushion Tariff Impact

Surging demand from Russia, Central Asia and the Middle East has made used cars the fastest growing S. Korean export sector along with cosmetics.

100% Tariffs to Hit Movies Produced Overseas

Trump's protectionism hits a new high by expanding into cultural products, greatly increasing the sense of isolationism felt by Americans and foreigners.

DeepSeek Unveils AI Model with Big Efficiency Jump

DeepSeek-V3.2-Exp is seen as an intermediate step toward next-generation AI architecture and greatly reduces training and computing costs.

Tariffs Fail to Spur US Auto Factory Construction

Trump rhetoric about how his tariffs are producing a boom in US carmaking is contradicted by auto industry reality.

China Factory Output Shrinks in September

Slumping domestic demand and US tariffs result in a sixth straight month of decline in manufacturing output.

Low-Carbon Aluminum Helps Mercedes Cut Emissions

The new electric CLA uses aluminum that produces one-fifth the carbon emissions of conventional aluminum.

S. Korea September Exports Surge

Strong chip demand more than made up for Trump tariffs as S. Korea enjoys the biggest export growth since August 2024.

Exports 20% of BYD 2025 Global Sales

Slowing domestic sales growth makes BYD increasingly reliant on exports.

S. Korea Rejects $350 Billion Cash Payment

Trump's claim that S. Korea would pay the US $350 billion to strike tariff deal is denied by President Lee's National Security Adviser as likely ...

New Tariffs Added to Drugs, Trucks, Furniture

Trump appears to be bracing for a loss of his Supreme Court appeal on so-called reciprocal tariffs imposed on every nation, causing even more chaos ...

New Tariff on US Chipmakers

In an effort to reduce the current high degree of US reliance on overseas chip production, a new Trump plan would force US chipmakers to ...

Beijing to Require EV Export Licenses

In an effort at protecting the image of Chinese brands, EV makers will have to secure permission to export starting next year.

ByteDance to Retain Control of TikTok US Operations

With the exception of US consumer data, the Chinese owner of TikTok will control operations and profitability of US operations following the deal to create ...

TikTok Grossly Undervalued

A Trump executive order giving national security clearance for the sale of TikTok's US operations to a US consortium sets a price of $14 billion ...

Q2 Growth Revised Upward Amid Current Steep Decline

Sharp upward revision to 3.8% for Q2 growth was due to transitory factors while current projections call for abysmal 1.5% growth in H2 on impact ...

H&M Q3 Profits Surge with Focus on Trendy

Despite fierce competition from Shein and Zara the Swedish fast-fashion house has managed a 40% jump in operating profit with a campaign centered around pop ...

BYD to Produce EVs Locally to Support Booming Europe Sales

A battery plant in Europe is being considered to support BYD's EV assembly lines in Hungary and Turkey aiming to produce 500,000 cars per year.

BYD EVs Outsell Tesla in Europe

A threefold jump in year-over-year August sales puts BYD ahead of Tesla in Europe sales for the second straight month.

TSMC Uses AI to Speed Up Design of Energy-Efficient Chips

AI-based chip design has helped TSMC and other chipmakers achieve a ten-fold improvement in the energy-efficiency of new chips.

Stargate to Build $500 Billion AI Data Centers

Consortium of OpenAI, Oracle and SoftBank announced five new data centers to power AI growth.

Chinese Brands Outsell Audi, Renault in Europe

The growing popularity of plug-in hybrids contributed to the success of Chinese EV-makers in claiming the lion's share of Europe's auto sales growth.

Silicon Valley May Offshore to Beat New H-1B Visa Fee

The $100,000 fee Trump has placed on H-1B visas is likely to backfire by reducing the number of Americans hired as Silicon Valley follows hi-tech ...

UK Jaguar Land Rover Still Down 4 Weeks After Cyberattack

An early September cyberattack keeps UK assembly lines from producing Jaguar and Land Rover vehicles, with small suppliers struggling to survive.

Full Force of Tariffs Yet to Hit Says OECD

For now growth is being proppsed up by huge US AI investments, China's state support for the economy and sellers drawing down pre-tariff inventory.

Passengers Become Drivers in Tesla Robotaxis

Musk's wildly optimistic promises contrast sharply with the muddled situation Tesla's confusing robotaxi plans faces with San Francisco regulators.

Nvidia's $100 Bil. Stake in OpenAI Cheers Investors

Nvidia uses its financial scale to lock up a big share of the AI ecosystem for future growth while OpenAI reduces its dependence on Microsoft.

China's Innovent Threatens Novo, Lilly GLP-1 Drugs

A once-weekly injectable weght-loss drug from Innovent Biologics is cutting into sales of Wegovy and Mounjaro in its home market, with prospects of further gains ...

Google Faces Ad Tech Breakup in New Trial

The Justice Department's decade-long crusade to increase competition in digital advertising is finally getting its day in court as trial begins Monday on its antitrust ...

BYD Captures Three Times Tesla's Spain Market Share

With rapid expansion to 100 dealerships and over 10% market share for EVs in Spain, Chinese EV-maker BYD sees the nation as a base for ...

Nissan Testing Self-Driving Tech by Wayve

Technology from UK startup Wayve will be used by Nissan for a self-driving system it plans to debut in the 2027 model year.

New $100,000 H-1B Visa Fee Disrupts Indian IT Operations

India's IT outsourcing industry says Trump's sudden imposition of an additional $100,000 visa fee for skilled foreign professionals is creating business uncertainty and disruptions across ...

Apple Watch Uses AI to Detect High Blood Pressure

By using AI to analyze data from high-blood-pressure studies to derive algorithms, the new Apple Watch Series 11 models can detect high blood pressure from ...

Nvidia to Invest $500 Million in Wayve Self-Driving Startup

The tie-up would help Nvidia integrate its AI GPUs into a new type of self-driving system that relies more on machine-learning than on maps and ...

Nvidia's $5 Billion Investment in Intel Inspires Optimism

By taking a stake in the struggling chipmaker Nvidia is inspiring both confidence in Intel's future and optimism for Nvidia's own future security.

Smart Weapons Demand Enriches Small Defense Firms

Makers of drones and unmanned vehicles have gained 34% in value, nearly three times the pace of the overall S&P 500.

DeepSeek's Hit AI Model Cost Much Less to Train than Reported

DeepSeek's market-shaking R1 AI model released in January cost only $294,000 to train and used only 512 Nvidia H800 chips, according to a recent report ...

Hyundai Heavy Preparing to Buy US Shipyard

HD Hyundai Heavy will join Hanwha Ocean in Korea's commitment to invest $150 billion to help revive US shipbuilding.

Panasonic to Debut Hi-Capacity Anode-Free EV Battery

The battery supplier for Tesla EVs is among several companies pursuing a new assembly technique that would increase power capacity by 25% in the coming ...