The Competition Commission of India (CCI) imposed a substantial fine of INR2.13 billion (approx. US$25.3 million) on Meta, the parent company of WhatsApp, citing the abuse of its dominant market position in India.
Chinese smartphone brands’ global shipments went up to 175 million units in the third quarter of 2024 and are expected to enjoy another single-digit on-quarter growth in the fourth quarter of 2024.
VinFast, a Vietnamese automaker often referred to as the “Tesla of Vietnam,” reported sales of 11,000 units in October, securing its position as Vietnam’s leading electric vehicle (EV) brand. Concurrently, Nhật Vượng Phạm, chairman of parent company Vingroup and Vietnam’s wealthiest individual, pledged additional personal investments to bolster the company.
The third quarter has historically been a peak season, with robust sales of premium smartphones boosting FocalTech Systems’ AMOLED TDDI shipments to continue their upward trend. Meanwhile, the supply chain’s readiness to amass inventory has increased due to stable prices for mid-range and low-end TDDI products, resulting in increased demand.
LG Group (LG) has set a target to achieve net zero carbon emissions by 2050, making it the only South Korean conglomerate to publicly announce specific carbon neutrality goals and timelines. The company plans to invest KRW1.8 trillion (approx. US$1.3 billion) over the next five years.
SpaceX achieved new feats during the sixth major test launch of its Starship system but nixed an eagerly anticipated midair “catch” of the rocket’s booster as President-elect Donald Trump looked on in South Texas.
On November 19, Foxconn announced that it had successfully obtained the qualification as the best applicant for the Kaohsiung Metro Y15 Station land development project. The company aims to continue local maritime culture and build a world-class landmark on the site, where Foxconn’s flagship headquarters in southern Taiwan will be located.
Super Micro Computer (Supermicro) has named BDO as its new accounting firm and submitted a compliance plan to Nasdaq in an effort to address delayed financial reports within the given grace period and prevent delisting. If Nasdaq approves the plan, Supermicro could receive an extension until February 2025 to submit its financial reports.