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Sabah & Sarawak

Pandikar pulls Usno out from GRS, resigns from state govt posts

KOTA KINABALU: USNO president Tan Sri Pandikar Amin Mulia has pulled his party out of the Gabungan Rakyat Sabah (GRS) coalition government.

Markets

SC named best regulator in promoting Islamic finance for third year running

KUALA LUMPUR: The Securities Commission Malaysia (SC) has been honoured as the "Best Regulator in Promoting Islamic Finance" for the third consecutive year at the IFN Awards.

Technology

ServiceNow flags Middle East deal delays, shares crash

April 22 (Reuters) - ServiceNow ⁠reported on Wednesday that delays in closing several large government deals in the ⁠Middle East hurt first-quarter subscription revenue growth, sending its shares down 12% in ‌extended trading.

Technology

SK Hynix sets record as quarterly profit jumps five-fold, says AI chip demand exceeds capacity

SEOUL, April 23 (Reuters) - ⁠South Korea's SK Hynix on Thursday set a record for quarterly profit with a five-fold jump in earnings ⁠and forecast AI chip demand would exceed manufacturing capacity, allaying concern about slowing AI spending by big tech ‌firms.

Technology

Intel lands Tesla as first major customer for 14A chip technology

April 22 (Reuters) - Tesla CEO ⁠Elon Musk said on Wednesday the EV maker plans to use Intel's next-generation 14A manufacturing process to make chips at its ⁠Terafab project, an advanced AI chip complex Musk has envisioned in Austin.

Technology

Unionised Samsung workers to hold rally in South Korea as labour unrest grows

PYEONGTAEK, South Korea, April 23 (Reuters) - ⁠Unions at Samsung Electronics said they expect about 37,000 workers to attend a rally in South Korea on Thursday, ⁠ahead of a threatened strike next month that could disrupt chip supplies amid booming demand for artificial ‌intelligence.

Technology

IBM's slower revenue growth fans AI worries, shares fall

April 22 (Reuters) - IBM's ⁠revenue growth slowed in the first quarter on sluggishness in its software business, ⁠fanning fears of disruption from artificial intelligence tools and sending its shares down ‌6.5% after hours on Wednesday.

True Or Not

QuickCheck: Is quicksand actually deadly, like in the movies?

IF you watch many action movies, you've likely seen characters trapped in quicksand, the slurry found in forests and remote areas.

Economy

South Korea economic growth roared past estimates in Q1, thanks to chips

SEOUL: South Korea's economy beat expectations in the first quarter of 2026 to recordthe fastest growth since mid-2020, as booming semiconductor demand offset the drag of weak public spending, central bank data showed on Thursday.

Corporate News

Trading ideas: PetChem, Affin, Willowglen, JAG, Samchem, Jetson, Leform, CapitaLand, United Plantations, AmFirst REIT, AME REIT, Foodie, Mayu, LBS, TAS

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Technology

TI projects upbeat quarterly results on strong data center chip demand

April 22 (Reuters) - Texas ⁠Instruments forecast second-quarter revenue and profit above Wall Street expectations on ⁠Wednesday, anticipating a boost in demand for its analog chips ‌amid the data center boom, sending its shares up over 10% in extended trading.

Technology

TSMC plans to open chip packaging plant in Arizona by 2029, executive says

SANTA CLARA, California, April 22 (Reuters) - Taiwan Semiconductor Manufacturing Co plans to open ⁠a chip packaging plant in Arizona by 2029, an executive told Reuters.

Technology

TSMC shows smaller, faster chips without a pricey new tool from ASML

SANTA ⁠CLARA, California, April 22 (Reuters) - Taiwan Semiconductor Manufacturing Co on Wednesday showed its newest generation of chip manufacturing technology, ⁠saying it expects to be able to create smaller, faster chips without requiring expensive new machines from ‌ASML.

Other Sports

Olympics-Putin criticises previous IOC leadership as 'shameful, cowardly'

April 22 (Reuters) - Russian President Vladimir ⁠Putin on Wednesday criticised the former leadership of the International Olympic Committee as "shameful" ⁠and "cowardly" and said he hoped for a new approach from those now ‌in charge of the Olympic movement.

Commodities

Oil jumps on US fuel stock drop, reports of Hormuz attacks

Oil prices settled up by more than US$3 on Wednesday after a surprise gasoline and distillate stock draw in the US, and on reports of gunfire attacks on at least three container ships in the Strait of Hormuz amid a lack of progress in peace talks between the US and Iran.

Markets

S&P, Nasdaq hit records on Iran ceasefire extension, earnings

US stocks climbed on Wednesday to send the S&P 500 and Nasdaq to closing records, after US President Donald Trump extended the ceasefire with Iran, with a round of solid corporate earnings providing additional support for optimism.

Technology

Coffee companies launch satellite-based program to track deforestation

NEW YORK, April 22 (Reuters) - ⁠Several coffee companies and coffee traders are launching a new system ⁠to track deforestation related to coffee cultivation around the world, ‌JDE Peet's, one of the participating companies, said in a statement on Wednesday.

Technology

UK financial sector prepared for Mythos and others, says BoE co-chaired group

LONDON, April 22 (Reuters) - The ⁠Bank of England and other financial services representatives ⁠on Wednesday said the sector was prepared for developments ‌around Anthropic's Mythos artificial intelligence model and other emerging frontier AI models.

Technology

Microsoft to integrate Anthropic's Mythos into its security development program

April 22 - Microsoft said ⁠on Wednesday it plans to embed advanced ⁠artificial intelligence models, including Anthropic's Claude Mythos Preview, into ‌its secure coding framework, as the company steps up its cybersecurity capabilities.

Technology

Explainer-How Deutsche Telecom and T-Mobile US could pull off the world's biggest M&A deal

LONDON/BERLIN, April 22 (Reuters) - Deutsche Telekom is exploring a possible tie-up ⁠with T-Mobile US to create a $300 billion telecoms giant, sources said, in what would overtake Vodafone-Mannesmann's $203 billion merger in 1999 to become the biggest M&A ⁠deal ever.