Tesla has set up Tesla Motors Vietnam, a locally registered entity, signaling plans to enter Southeast Asia's largest EV market. It would face steep competition from VinFast, which controls roughly 92% of Vietnam's EV sales and is backed by conglomerate Vingroup.
Semiconductor shares fell across European and Asian markets after executives at major artificial intelligence companies publicly called for a more cautious, slower approach to developing the technology, citing safety concerns. The remarks rattled investors who had been betting heavily on rapid AI expansion driving chip demand.
Proxima Fusion announced plans to construct a €140 million ($162.6 million) plant to manufacture fusion-grade high-temperature superconducting tape, a critical material for containing plasma in its reactors. The factory will be funded through a mix of public and private money, including €21 million from the state of Lower Saxony, and follows a €411 million funding round the startup closed months earlier.
Researchers studying the remains of an ancient city in Asia have found evidence of sophisticated engineering and social organization, according to a report highlighted by Nature. The findings point to coordinated planning and construction techniques that allowed the settlement to function as a complex urban center.
A supply chain report from Nikkei Asia says Apple is currently producing only a few hundred iPhone Ultra foldable units per day, far below the tens of thousands needed daily to hit normal launch targets. An extra trial production run in August, meant to verify the device's hinge performance and surface flatness, reportedly pushed back commercial manufacturing by several weeks.