singapore-grants-bail-for-nvidia-chip-smugglers-in-alleged-$390m-fraud

Singapore grants bail for Nvidia chip smugglers in alleged $390M fraud

A judge in Singapore granted bail to three men suspected of deceiving suppliers of server computers that may contain Nvidia chips affected by U.S. export rules that bar the sale of them to certain countries, as a route to halting them being sold to organizations in China. The move comes nearly two weeks after the

samsung-chief-jay-y.-lee-cleared-of-all-charges-in-2015-merger-case

Samsung chief Jay Y. Lee cleared of all charges in 2015 merger case

A Seoul appeals court on Monday upheld the acquittal of Samsung Electronics Executive Chairman Jay Y. Lee in accounting fraud and stock manipulation in a case related to a controversial 2015 merger of two Samsung affiliates, Cheil Industries and Samsung C&T. The Seoul High Court dismissed the prosecution’s appeal in the case involving Lee, who

lg-electronics-takes-majority-stake-in-bear-robotics,-reportedly-valuing-startup-at-$600m

LG Electronics takes majority stake in Bear Robotics, reportedly valuing startup at $600M

LG Electronics is betting on robotics as its next big growth driver. The South Korean electronics company said on Friday that it has agreed to acquire an additional 30% stake in Bear Robotics, a California-based startup it previously backed that is building AI-powered server robots for restaurants. The deal gives LG a majority ownership of