According to Caixin, several Fliggy employees recently revealed that Fliggy initiated a wave of layoffs in June, affecting multiple positions including development, testing, and product, with varying proportions across departments. Those who left on the same day received N+1 severance pay . According to a report by Tech free press, a laid-off employee of Fliggy…
According to a report by The Korea Times today, the United States, during a meeting with South Korean government officials, expressed its desire to obtain a portion of the “excess profits” earned by South Korean semiconductor companies during the AI chip boom. An industry insider familiar with the situation said that the reason the United…
According to a disclosure by China Railway today, railway construction progressed efficiently and effectively in the first half of 2026. The national railway system completed 363.2 billion yuan in fixed asset investment, a year-on-year increase of 2.1%, and put 355.2 kilometers of new lines into operation, achieving a good start to the “15th Five-Year Plan”….
The official WeChat account of Zhejiang University published a blog post today (July 17) stating that its research team has overcome the bottleneck in the synthesis of high-priced anticancer drugs, achieving a yield of vinblastine, the direct precursor of vinblastine, in yeast of 164.9 mg/L, nearly 1000 times higher than previously reported levels. According to…
Montage Technology issued an announcement stating, “On July 15, the Fair Trade Investigation Department of the Seoul Central District Prosecutors’ Office conducted an on-site search and evidence collection at the company’s South Korean office regarding potential violations of antitrust regulations. The company is fully cooperating with all investigative requests from the Prosecutors’ Office. As of…
According to Reuters, Qualcomm stated that as its business expands beyond its core smartphone chip business, it expects its data center revenue to reach $15 billion by 2029 (approximately RMB 102.006 billion at the current exchange rate). Boosted by this news, Qualcomm’s stock rose more than 12% in after-hours trading on Wednesday. Qualcomm’s Chief Financial…
Tata Electronics, an Indian electronics and semiconductor manufacturer and a core supplier to several tech giants, including Apple and Tesla, has confirmed a data breach weeks after a batch of documents allegedly originating from the company appeared on hacker forums. The post on the hacker forum claimed to possess over 630GB of data allegedly stolen…
Xiaohongshu officially released an announcement today regarding the crackdown on illegal gambling activities related to the World Cup, stating that it will continue to focus on combating illegal gambling and related promotional information during the World Cup. Tech Free Press has attached the following specific scope of the rectification: 1. Posting or displaying information that…
Omdia released its latest research today, indicating that the US smartphone market will decline by 3% year-on-year in the first quarter of 2026, with shipments falling to 33.4 million units. Tech Free Press learned from the report that this comparison is based on the high base of the first quarter of 2025 —when manufacturers and operators…
Google has formally appealed the 2024 antitrust ruling, insisting that the success of its search service is not due to exclusive agreements, but entirely to product innovation. According to a blog post cited by Tech Free Press, the search giant filed documents with the U.S. Court of Appeals for the District of Columbia Circuit last week,…
