Korea Aerospace Industries (KAI) said Friday it has agreed to expand cooperation with Indonesia's state-run aircraft manufacturer PT Dirgantara Indonesia (PTDI) in the field of aviation, including KF-21 fighter jet production. KAI and PTDI signed three memorandums of understanding (MOUs) covering the KF-21 fighter jet, flight simulators and commercial aircraft on the sidelines of the 12th Korea-Indonesia Defense Industry Cooperation Committee meeting held in Jakarta on Wednesday. Under the KF-21 agreement, the two companies will explore cooperation on manufacturing aircraft components in Indonesia, including three types of structural components, with PTDI participating in the production process. Indonesia has maintained close defense industry ties with KAI, having purchased the company's KT-1 basic trainer aircraft and T-50 advanced trainer jets. The Southeast Asian country has also participated as an international partner in the joint development of the KF-21 fighter jet. KAI has exported 20 KT-1B trainer aircraft to Indonesia and signed a contract to extend their service life. It has a
Read full articleThe year-end electronics event returns with 1,000-plus deals, exclusive launches and an unusual S$67 cash rebate promotion.
Apple’s digital media streaming box gets a more powerful chip, support for Siri AI, and a new remote with some nifty features, and a higher price tag.
Elon Musk’s SpaceX plans to invest more than $74 billion into building two data centers in Texas and Arizona, the company announced Thursday, marketing them as projects that will boost local communities amid backlash surrounding such facilities. “These investments will expand local tax bases, generate substantial new revenue for schools and public services, and create...
Kalshi has ended Donald Trump Jr.’s advisory role with the company after his firm, 1789 Capital, increased its investment in Polymarket earlier this year. “We have mutually agreed to end Don’s advisory role after his firm’s significant investment in a competitor this past summer,” Kalshi spokesperson Dani Lever said in a statement. “We are grateful...
The FBI said Thursday that North Korean hackers have stolen more than $400 million in cryptocurrency over the past 18 months using a social engineering scheme called “FaceStealer.” The scheme uses imposter versions of video conference platforms and secretly recorded web camera videos along with computer intrusions to target people working in the cryptocurrency industry,...
The top Democrats on the House and Senate's trade committees are requesting the Commerce Department preserve its records on President Trump's decision late last year to allow Nvidia to sell its H200 chips to China. The investigation was announced Thursday by Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee; and Rep. Richard...
SpaceX CEO Elon Musk is hinting toward supporting Nvidia's ex-CEO Jensen Huang, who resigned Thursday following reports of his extramarital affairs — one of which involved an alleged Chinese spy. “That would be an honor,” Musk wrote on social platform X on Wednesday night — prior to Huang's resignation — in response to financial news...
Nvidia's Jensen Huang resigned Thursday as CEO amid an explosive spy scandal, but Washington isn't letting him off the hook. Lawmakers on both sides of the aisle said they still want to hear from the ex-Nvidia chief amid national security concerns about his involvement with a woman who U.S. officials concluded was passing information to China. "Jensen...
Nvidia CEO Jensen Huang resigned Thursday from the company he co-founded after revelations of extramarital affairs, including one with a woman alleged to be a spy for China. Kansas state Sen. Cindy Holscher was projected to win the governor's mansion Thursday, more than a week after Election Day. Holscher defeated Republican Kansas Senate President Ty...
Sen. Jim Banks (R-Ind.) called on Commerce Secretary Howard Lutnick to testify regarding his involvement with former Nvidia CEO Jensen Huang’s relationship with an alleged Chinese spy, accusing Lutnick of using a “loophole.” “This news is as concerning as it gets,” Banks said Thursday during an appearance on Fox News. “When you're in a war...
The president of the Heritage Foundation, Kevin Roberts, said this week that the Republican Party erred in its stance toward data centers in the midterm elections. “Conservatives were apoplectic about data centers,” Roberts told Financial Times in an interview published Thursday. The conservative think tank leader told the outlet that Democrats “did a brilliant job,...
Colette Kress is taking on the role after the resignation of CEO Jensen Huang.