Latest news with #Shenzhen
South China Morning Post
10 hours ago
- Business
- South China Morning Post
SoftBank pitches US$1 trillion US AI, robot hub to TSMC, Trump team, with eyes on Arizona
Son envisions a version of the vast manufacturing hub of China's Shenzhen that would bring back high-tech manufacturing to the US, according to people familiar with the billionaire's thinking. The park may comprise production lines for AI-powered industrial robots, they said, asking not to be named as the plan remains private. SoftBank officials are keen to have the Taiwanese maker of Nvidia 's advanced AI chips play a prominent role in the project, although it's not clear what part Son sees for TSMC, which already plans to invest US$165 billion in the US and has started mass production at its first Arizona factory. Nor is it clear that TSMC would be interested. A person familiar with the chipmaker's thinking said that SoftBank's project has no bearing on TSMC's plans in Phoenix. Shares of SoftBank jumped as much as 2.3 per cent in Tokyo on Friday. TSMC's stock price rose 1.9 per cent in Taipei. Code-named 'Project Crystal Land', the Arizona complex represents the 67-year-old SoftBank chief's most ambitious attempt in a career that's spanned numerous bet-the-house bids, thousands-fold returns and billions of dollars in losses. Son, who's often expressed disappointment in his own legacy, has repeatedly said he means to do everything he can to hurry AI development. TSMC's new plant in Phoenix under construction in January 2023. Photo: Matt Haldane SoftBank officials have spoken with federal and state government officials to discuss possible tax breaks for companies building factories or otherwise investing in the industrial park, including talks with US Secretary of Commerce Howard Lutnick, the people said.
Associated Press
a day ago
- Business
- Associated Press
ModusLink Corporation Announces New Facility in Shenzhen, China
ModusLink Corporation has expanded its China operations with a new facility in Shenzhen. Steel Partners Holdings L.P. (OTCQX:SPLP) 'This new facility in Shenzhen allows us to scale our services within the region while staying close to our existing operations and major transportation infrastructure'— Fawaz Khalil, CEO ModusLink Corporation SMYRNA, TN, UNITED STATES, June 19, 2025 / / -- ModusLink Corporation is proud to announce the opening of a new logistics and fulfilment facility in Shenzhen, China, further strengthening its presence in one of Asia's most critical supply chain hubs. This new site is strategically located to be able to service ModusLink's customers China for China consumption. It enables ModusLink to offer fulfilment services as well as returns and repairs for the domestic Chinese market. 'ModusLink continues to invest in strategic locations that enhance our ability to support global customer needs with speed and efficiency,' said Fawaz Khalil, Chief Executive Officer at ModusLink. 'This new facility in Shenzhen allows us to scale our services within the region while staying close to our existing operations and major transportation infrastructure.' Located in LongGang District, the new site expands ModusLink's China footprint, which already includes facilities in Waigaoqiao, Chongqing, Kunshan, Futian, and other parts of Shenzhen. The facility spans over 16,000 square feet and offers a full range of supply chain services including inbound order processing, picking and handling, and outbound logistics. The LongGang facility is strategically positioned less than an hour from ModusLink's Futian site, Shenzhen International Airport, and Yantian Port, and only two hours from Hong Kong International Airport, ensuring rapid and flexible regional connectivity. About ModusLink Corporation ModusLink Corporation, a wholly owned subsidiary of Steel Partners Holdings L.P. (OTCQX:SPLP), serves the supply chain management markets. ModusLink is an end-to-end global supply chain solutions and e-commerce provider, serving clients in markets such as consumer electronics, communications, computing, software and retail. ModusLink designs and executes critical elements in its clients' global supply chains to improve speed to market, product customization, flexibility, cost, quality and service. These benefits are delivered through a combination of industry expertise, innovative service solutions, integrated operations, proven business processes, an expansive global footprint, and world-class technology. ModusLink also produces and licenses an entitlement management solution powered by its enterprise-class Poetic ® software, which offers a complete solution for activation, provisioning, entitlement subscription, and data collection from physical goods (connected products) and digital products. ModusLink has an integrated network of strategically located facilities in various countries, including numerous sites throughout North America, Europe and Asia. Calvin Tanck ModusLink Corporation +1 786-239-9879 email us here Visit us on social media: LinkedIn Instagram YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Bloomberg
a day ago
- Business
- Bloomberg
Zhejiang Sanhua Said to Upsize Hong Kong Listing to $1.2 Billion
Zhejiang Sanhua Intelligent Controls Co. raised HK$9.3 billion ($1.2 billion) after expanding the size of its Hong Kong share sale and pricing the deal at the top of the marketed range, according to people familiar with the matter. The Chinese company, whose stock also trades in Shenzhen, priced 414.4 million shares in its Hong Kong listing at HK$22.53 each, the people said, asking not to be named because the information isn't public.
GSM Arena
a day ago
- GSM Arena
Honor Magic V5 surfaces in first official look
Honor is gearing up to launch its next flagship foldable phone with the Magic V5 and the teaser campaign is now in full swing ahead of the big launch set to take place on July 2 in Shenzhen, China. Honor has now shared our first official look at the device in its folded state. It looks impossibly thin and we can also notice a big camera island that's rumored to house a 200MP periscope telephoto module. According to the new teaser, Honor Magic V5 will launch as the world's thinnest foldable smartphone. This means it will be thinner than the Oppo Find N5, which is the current slimmest folding phone, measuring 8.9 mm in its folded state and 4.2 mm unfolded. Honor Magic V5 teaser (machine translated from Chinese) The new teaser is also promising 'PC-level productivity' and Honor's most powerful AI features to date. Honor is yet to confirm a global launch for the Magic V5.
South China Morning Post
2 days ago
- South China Morning Post
Red carpet for pets as quarantine eased in Hong Kong
Belatedly but rightly, Hong Kong has loosened the leash on pet imports, with quarantine for cats and dogs from mainland China slashed from 120 days to 30 starting from this month. While the change may help reduce cross-border animal smuggling activities, it may also increase the demand for quarantine and related facilities and services. The authorities should closely monitor the situation and ensure there will be adequate support. Advertisement Officials are not wrong in rejecting calls for more flexibility at this stage, including partial or full quarantine at home. But they promise to designate more checkpoints and longer hours for pet transport from the mainland, subject to the outcome of the first phase of implementation and the available manpower. Separately, talks with mainland authorities are under way for residents to temporarily bring their pets northbound with more flexible quarantine requirements. Under the new rule, incoming animals shall enter via one of the three land border control points – Shenzhen Bay, Lok Ma Chau and Heung Yuen Wai – between 9am and 5pm. Owners are required to have their pets implanted with a conforming microchip, hold a valid vaccination certificate for rabies and designated infectious diseases, obtain satisfactory results from rabies antibody titre testing, and possess an animal health certificate issued by recognised mainland veterinarians. The government believes there will be sufficient facilities to meet demand, saying the existing quarantine facilities for cats and dogs have been increased from 21 to 34, and 20 to 30, respectively. With the shortened duration, the capacity will be increased up to seven times. But to those who are eager to bring in their furry friends, they may still have to wait a considerably long time to use the facilities. The 30-day rule for animals from the mainland is still relatively stringent compared to waivers for other places, including Taiwan, South Korea, Canada, Australia, Britain and Japan. Striking a balance between health risks and animal welfare remains the key. This is especially important as the quarantine policy has implications for a city that is eagerly opening the door to former residents and new talent who may be put off by restrictive pet control. Advertisement
