<div class=newsTextDataWrapInner><p>(Aug 3): Nvidia Corp’s upcoming artificial intelligence (AI) chips will be delayed due to design flaws, <em>The Information</em> reported, citing two unidentified people who help produce the chip and its server hardware.</p></div>

<div class=newsTextDataWrapInner><p>The chips may be delayed by three months or more, which could affect Nvidia’s customers including Meta Platforms Inc,&nbsp;Google LLC and Microsoft Corp.</p></div>

<div class=newsTextDataWrapInner><p>Nvidia this week informed Microsoft about a delay affecting the most advanced AI chip models in the Blackwell series, according to an unidentified Microsoft employee and another person.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The delays mean big shipments aren’t expected until the first quarter of 2025, <em>The Information</em> added.</p></div>

<div class=newsTextDataWrapInner><p>A spokesperson for Nvidia wouldn’t comment on its statements to customers about the delay, according to the report, but told <em>The Information </em>that “production is on track to ramp” later this year.</p></div>

<div class=newsTextDataWrapInner><p>Microsoft, Google, Amazon Web Services and Meta declined to comment to the publication, while a Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(TSMC) spokesperson didn’t respond to a request for comment.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Nvidia Corp’s upcoming artificial intelligence (AI) chips will be delayed due to design flaws, The Information reported, citing two unidentified people who help produce the chip and its server hardware.

Nvidia’s new AI chip delayed due to design flaws — The Information

Chinese appliance giant Midea Group Co is poised to raise US$4 billion (RM17.28 billion) in its Hong Kong listing in an enlarged deal that will be priced at the top of the marketed range, people familiar with the matter said, in a show of demand for the city’s biggest share sale in three years.

Midea poised to raise US$4b in Hong Kong listing

(Sept 13): Crop trader Olam Agri Holdings Ltd has raised its takeover offer for Namoi Cotton Ltd, just two days after independent directors at the Australian producer recommended a rival bid from Louis Dreyfus Co BV.

Bidding war heats up as Olam raises offer for Namoi Cotton

Malaysia’s goal of boosting investments in its growing technology export sector is unlikely to be affected by the results of the US election, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul confident Malaysia's tech boom will withstand US election ripples

Op Global: 392 victims of sexual exploitation screened, 13 believed to be victims of sodomy — IGP

(Sept 13): Vitol Group is poaching iron ore traders from rivals Glencore Plc and Trafigura Group, as the world’s biggest oil trader ramps up its efforts to expand into metals.

Vitol hires Glencore, Trafigura iron ore traders in metals push

The US Securities and Exchange Commission (SEC) will vote next week on some of the biggest revisions to stock-market rules in almost two decades, including how trades are priced and processed.

SEC to vote next week on part of US stock-trading revamp package

As Hong Kong’s commercial property slump drags on, Chinese state money has emerged as one of the few pillars of support. 

Chinese firms have become active buyers in the city’s flailing real estate market, snapping up shopping malls and offices as local and international investors pull back. While deal sizes are smaller than during Hong Kong’s heyday six years ago, the purchases underscore the financial hub’s ever-increasing reliance on Chinese money.

Hong Kong’s battered property market lures Chinese state buyers

Shares of Wells Fargo & Co fell after the bank reached a deal with the Office of the Comptroller of the Currency (OCC) requiring the lender to beef up systems for detecting money laundering and complying with international sanctions.

Wells Fargo drops as US seeks fixes to money-laundering controls

China outspent the US almost nine-to-one on infrastructure projects around the world over eight years, according to a government watchdog report that highlighted the challenge Washington faces as it vies for influence against Beijing in poorer countries.

China outspends US by billions in global lending, watchdog says

The United Steelworkers (USW) union said it will not be bullied into accepting Nippon Steel Corp’s last-ditch efforts to win over workers for its takeover of US Steel Corp, calling the US$14.1 billion (RM60.9 billion) acquisition a “doomed deal” and pledging to fight any foreign ownership of the company.

US Steel deal ‘doomed’, says union ‘steadfast’ in opposition to takeover by Nippon Steel

<p>AirAsia X Bhd (KL:AAX) is one step closer to its planned acquisition of the aviation business of Capital A Bhd (KL:CAPITALA), which will pave the way for its parent company to be lifted out of its Practice Note 17 (PN17) status.</p>


AAX gets Bursa's nod for listing of shares related to acquisition of Capital A's aviation business

<p>Bina Darulaman Bhd (KL:BDB) has announced the resignation of Messrs KPMG PLT as its external auditor.</p>


KPMG resigns as Bina Darulaman’s auditor, less than four months after reappointment

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.</p>


CCK, Ecobuilt, RHB Bank, Green Packet, Chin Hin, NCT Alliance, Fiamma, Binastra, Hibiscus Petroleum, IOI Properties, ITMAX, MN Holdings, Reservoir Link Energy

<p>Asian equities were set to advance on Friday after a fourth day of gains on Wall Street as the latest batch of economic data did little to dissuade investors about the trajectory of anticipated Federal Reserve (Fed) rate cuts.</p>

<p>Equity futures in Japan, Australia and Hong Kong climbed, with each rising by less than 1% in a sign of muted risk appetite.</p>


Asian stocks set to rise as yen holds to rally

<p>A rally that’s already added over US$1.3 trillion (RM5.6 trillion) to the S&amp;P 500 this week powered ahead as the latest economic data did little to alter bets on a series of Federal Reserve (Fed) rate cuts.</p>


Wall Street up as S&P 500’s rally tops US$1.3 tril this week

<p>Former deputy minister Datuk Dr Mashitah Ibrahim has filed a defamation suit against the Malaysia International Humanitarian Organisation and two office bearers of the non-governmental organisation (NGO).</p>


Former deputy minister sues NGO for defamation over human trafficking claims

<p>The European Commission said on Thursday it had received offers from electric vehicle makers in China for minimum import prices into the European Union as a way of avoiding tariffs, but had rejected all of them.</p>


EU rejects minimum price offers from Chinese EV exporters

<p>Shares of Poh Huat Resources Holdings Bhd (KL:POHUAT) fell to an 11-month low on Friday, after the furniture company reported weaker-than-expected quarterly results.</p>


Poh Huat shares down to 11-month low after disappointing quarterly results

<p>The Sabah government has welcomed the RM300 million increase in the interim special grant from the federal government for next year.</p>

<p>Chief Minister Datuk Seri Hajiji Noor said this was announced by Prime Minister Datuk Seri Anwar Ibrahim during the Malaysia Agreement 1963 Implementation Action Council (MTPMA63) meeting here on Thursday.&nbsp;</p>


Sabah welcomes RM600 million interim special grant from federal govt

<p>General Motors Co (GM) is in discussions to buy electric vehicle (EV) batteries that would use technology from China’s Contemporary Amperex Technology Co (CATL) and be assembled at a new plant slated to be built in the US, according to people familiar with the matter.</p>


GM in talks to buy Chinese batteries made in US by Japan’s TDK

<p>Blue-chip companies are spending more money on US dollar bond interest payments, and even Federal Reserve (Fed) rate cuts this year won’t immediately reverse the trend.</p>


Companies’ interest costs to keep rising, even with rate cuts

<p>The US federal budget deficit surged in August with one month to go until the end of the fiscal year as higher interest costs continued to weigh on the overall balance.</p>


US budget gap reaches US$1.9 tril as fiscal year nears end

<p>Clues on when the European Central Bank (ECB) will next cut interest rates were in short supply on Thursday, with president Christine Lagarde and colleagues awaiting data on how drastically the economy is deteriorating — and how that will shift inflation.</p>


Lagarde offers no help on rate cuts as ECB waits for answers

<p>Microsoft Corp&nbsp;said it’s building an alternative for cybersecurity companies that now utilise the deepest layer of its operating system after a flawed update from CrowdStrike Holdings Inc&nbsp;triggered a global information technology (IT)&nbsp;meltdown.</p>


Microsoft, cyber firms pursue changes after CrowdStrike outage

<p>As Hong Kong’s&nbsp;commercial property slump&nbsp;drags on, Chinese state money has emerged as one of the few pillars of support.&nbsp;</p>

<p>Chinese firms have become active buyers in the city’s flailing real estate market, snapping up shopping malls and offices as local and international investors pull back. While deal sizes are smaller than during Hong Kong’s&nbsp;heyday six years ago, the purchases underscore the financial hub’s ever-increasing reliance on Chinese money.</p>


<p>An Indian antitrust investigation has found US e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to confidential reports seen by <em>Reuters</em>.</p>


India probe finds Amazon, Walmart's Flipkart breached antitrust laws

<p>Institutional investors, which have traditionally made up private debt’s largest pool of money, are no longer a source of growth for the US$1.70 trillion (RM7.34 trillion) industry.</p>


Private debt looks for growth as traditional capital flatlines

<p>A wall of debt, a financing crunch and plummeting building values are looming over commercial real estate,&nbsp;menacing&nbsp;investors and banks, but Goldman Sachs Asset Management is a buyer.</p>


Goldman likes the commercial real estate debt that others fear

<p>The United Steelworkers (USW) union said it will not be bullied into accepting Nippon Steel Corp’s last-ditch efforts to win over workers for its takeover of US Steel Corp, calling the US$14.1 billion (RM60.9&nbsp;billion) acquisition a “doomed deal” and pledging to fight any foreign ownership of the company.&nbsp;</p>
