Posts by Liam Redmond
SK Hynix starts work on US$4 billion Indiana AI memory hub, expects shortage through 2030
By 2030, the company expects Indiana to become a key high-bandwidth memory production base in the US Published Fri, Aug 28, 2026 · 01:29 PM [WEST LAFAYETTE, Indiana] South Korean chipmaker SK Hynix said on Thursday (Aug 27) it plans to begin volume production of its next-generation HBM4E chips at its Indiana facility in the…
Read MoreSeveral New Yorkers, relatives among the 90 missing Americans in deadly Nepal floods
The devastation of the deadly flash floods in Nepal is being felt across New York as several tri-state residents and loved ones are among the group of nearly 100 Americans reported missing. Long Island locals Amita Amin, 67, and Jitendra Manubhai Patel, 63, alongside Tejal Vyomesh Patel, 64, of New Jersey, were on a religious pilgrimage…
Read MoreShipping traffic via Strait of Hormuz slips below 10-day average, data shows
Published Fri, Aug 28, 2026 · 12:20 PM [SINGAPORE] Seven commodity vessels transited the Strait of Hormuz on Thursday (Aug 27), down from 17 a day earlier and below the 10-day average of 15, preliminary shipping data showed on Friday. Among the seven vessels that transited were two medium-range tankers, one very large gas carrier…
Read MoreMets’ Bo Bichette not expected to miss much time with ankle issue
Bo Bichette isn’t expected to miss much time after suffering a left ankle contusion in the Mets’ loss on Wednesday night. The team’s starting third baseman wasn’t in the lineup for the series finale against the Brewers on Thursday. Though he was available off the bench, he did not play. He hit a foul ball…
Read MoreNational Stock Exchange of Australia eyes South-east Asia for listings, Singapore for capital
Australia’s second Tier 1 equity exchange is looking beyond its home market for growth, as private capital puts pressure on public listings globally, says NSX’s chief [SINGAPORE] Australia’s National Stock Exchange (NSX) is looking to South-east Asia and other overseas markets for new listings, and to Singapore as a source of capital. This is as…
Read MoreGuocoLand H2 net profit down 70% at S$9.8 million
[SINGAPORE] Property developer GuocoLand on Friday (Aug 28) posted a 70 per cent drop in net profit to S$9.8 million for the second half ended Jun 30, from S$32.4 million in the year-ago period. Earnings per share fell for the six-month period to S$0.0028 from S$0.0256. Revenue fell 29 per cent to S$642 million from…
Read MoreCENTCOM announces Strait of Hormuz shipping lanes are ‘free of Iranian sea mines,’ marking ‘major milestone’ in the Iran war
International shipping lanes in the Strait of Hormuz are open and mine free after months of meticulous and dangerous work by American forces, the head of US Central Command announced Thursday. In a video statement, which confirmed President Trump’s earlier claims that the critical waterway has been fully de-mined and is open and operating, Adm.…
Read MoreAdvent, Stripe abandon US$50 billion pursuit of PayPal: sources
PayPal has struggled with modernising its payment technologies as rivals seized market share Published Fri, Aug 28, 2026 · 11:10 AM A CONSORTIUM of buyout firm Advent and payment processor Stripe has decided to abandon its pursuit of fintech pioneer PayPal Holdings, a potential deal that would have ranked as one of the biggest-ever leveraged…
Read MoreAnthropic wins court challenge to US supply chain risk label
Judge finds a ban on the Claude maker’s AI tech for federal agencies to be inadequately justified Published Fri, Aug 28, 2026 · 11:04 AM [AUSTIN] The Trump administration must lift its ban on Anthropic’s artificial intelligence technology for federal agencies, a US judge ruled. US District Judge Rita F Lin in San Francisco sided…
Read MoreFrencken shares drop 8.3% after S$100 million placement
[SINGAPORE] Shares of technology solutions provider Frencken fell as much as 8.3 per cent on Friday (Aug 28), after it announced plans to raise S$100 million through a proposed placement. The counter fell to as low as S$2.33 at market open, losing S$0.21 from its previous closing price on Tuesday. Trading of the shares had…
Read MoreSingapore digital banks want more than just your deposits; credit cards are the next battleground
[SINGAPORE] With all three of Singapore’s digital banks now offering credit cards, the battle is shifting from simply acquiring customers to capturing more of their everyday spending – and the valuable data that comes with it. GXS Bank became the latest to join the fray on Aug 17 with its cashback card, which has similar…
Read MoreSK Hynix weighs closer ties with Japan’s memory industry
It is exploring ways to deepen cooperation with Japanese customers and suppliers in the sector Published Fri, Aug 28, 2026 · 10:10 AM [SEOUL] SK Hynix is exploring ways to deepen its cooperation with Japanese customers and suppliers in the memory industry, chief executive officer Kwak Noh-jung said. “We are very carefully looking at how…
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