爱芯元智半导体股份有限公司（简称“爱芯元智”，股票代码：“00600”）今日在港交所上市。 爱芯元智发行价为28.2港元，此次发售1.05亿股，募资总额29.61亿港元；扣非发行应付上市费用1.6亿港元，募资净额为28亿港元。 爱芯元智基石投资者分别为韦尔半导体香港有限公司、新马服装国际有限公司、JSC International Investment Fund SPC、NGS Super、德赛西...
爱芯元智半导体股份有限公司（简称“爱芯元智”，股票代码：“00600”）今日在港交所上市。 爱芯元智发行价为28.2港元，此次发售1.05亿股，募资总额29.61亿港元；扣非发行应付上市费用1.6亿港元，募资净额为28亿港元。 爱芯元智基石投资者分别为韦尔半导体香港有限公司、新马服装国际有限公司、JSC International Investment Fund SPC、NGS Super、德赛西威旗下Desay SV Automotive Singapore、Factorial Master Fund、Hel Ved Master Fund、Valliance Asset Management、明山资本有限公司、均胜电子旗下Joyson Electronics Holdings、Jupiter Global Master Fund、GRANITE ASIA IX VCC、豪恩及CICC Financial Trading、NonaVerse (Hong Kong) 、青岛观澜及国泰君安证券投资（香港）有限公司（就观澜场外掉期交易而言）、Jinyi Capital Multi-Strategy Fund，一共认购1.85亿美元（约14.43亿港元）。 其中，韦尔半导体香港有限公司、新马服装国际有限公司分别认购3500万美元，JSC International Investment Fund SPC认购2700万美元，NGS Super认购2000万美元，Desay SV Automotive Singapore认购1000万美元，Factorial Master Fund、Hel Ved Master Fund、Valliance Asset Management分别认购700万美元； 明山资本有限公司、Joyson Electronics Holdings、Jupiter Global Master Fund、GRANITE ASIA IX VCC、豪恩及CICC Financial Trading、NonaVerse (Hong Kong) 、青岛观澜及国泰君安证券投资（香港）有限公司（就观澜场外掉期交易而言）分别认购500万美元，Jinyi Capital Multi-Strategy Fund认购200万美元。 爱芯元智创始人、董事长仇肖莘博士表示：“此次上...
[The content of this article has been produced by our advertising partner.] In the fiercely competitive global electric vehicle industry, premium EV brand smart has carved out a distinct strategic path. Building on robust global expansion in 2025 – entering new international markets, refining its product portfolio and bolstering its global operational capabilities – smart has officially named 2026...
[The content of this article has been produced by our advertising partner.] In the fiercely competitive global electric vehicle industry, premium EV brand smart has carved out a distinct strategic path. Building on robust global expansion in 2025 – entering new international markets, refining its product portfolio and bolstering its global operational capabilities – smart has officially named 2026 as its "Year of Opening New Frontiers", marking a strategic shift from broadening its footprint to deepening its market presence with a focus on high-quality growth. Mr. Tong Xiangbei, Global CEO of smart, said: “In 2025, we leveraged our agile operations and distinct brand and products to establish our presence in important new markets. This year, we accelerate on all fronts: combining bold new products with operational and technological excellence to expand our customer base and power our next phase of growth. “ As a pivotal gateway market, Hong Kong’s rapid shift to electric mobility stands as a key strategic focus for smart. The brand made a standout debut in the region with the smart #5, which clinched fourth place in Hong Kong’s monthly EV sales rankings in its inaugural delivery month. This strong early market momentum was further bolstered by the model’s win at the Up Car 2025 Grand Ten Awards, as its intelligent tech features and roomy, well-appointed interior have struck a strong chord with local buyers. Advertisement A Global Network Built on Synergy Driven by its distinctive international joint venture heritage, smart combines Mercedes Benz’s design excellence and global network with Geely’s technological prowess and supply chain strength. In 2025, this powerful partnership enabled smart to enter 10 new international markets, expanding its global footprint to 39 countries and regions. The brand’s retail network saw substantial growth, reaching 688 outlets worldwide, with particularly strong momentum in emerging markets across Southeast Asia, Oceania, the Middle...
luza studios/E+ via Getty Images Investment Summary My previous investment thought on Microchip Technology ( MCHP ) was a downgrade to a hold rating because the turnaround that I expected did not play out. Fast forward to today, and the recent Q3 2026 data supports that the business has moved past the trough, with margins recovering and channel conditions improving. However, at the same time, inve...
luza studios/E+ via Getty Images Investment Summary My previous investment thought on Microchip Technology ( MCHP ) was a downgrade to a hold rating because the turnaround that I expected did not play out. Fast forward to today, and the recent Q3 2026 data supports that the business has moved past the trough, with margins recovering and channel conditions improving. However, at the same time, inventory remains elevated, and valuation already reflects a clean, timely recovery. The result is a setup where fundamentals are improving, but upside is capped by expectations and pricing. Q3 2026 Earnings Recap MCHP did pretty well this quarter with net sales growth of 4% sequentially to $1.186 billion, and importantly, revenue also grew meaningfully y/y from $1.026 billion last year. Also, growth is broad-based, which makes this recovery even better than it looks. Mixed-signal microcontrollers saw $586.5 million, representing ~50% of sales and growing 10% y/y. Analog revenue went up ~18% y/y to $322.9 million, now at ~27% of sales, while the Others segment was up ~26% to $276.6 million. On a non-GAAP basis, gross margin was 60.5% (note this still included $51.7 million of capacity underutilization charges and $58.4 million of new inventory reserve charges), and operating expenses were 32% of sales, which translated into a non-GAAP EBIT margin of 28.5%. This drove non-GAAP net income to $252.8 million and EPS to $0.44. A Few Positives The first positive is that the MCHP equity story has moved away from one that is weighed down by inventory overhang and margin pressure towards one of inventory normalization with margin recovery starting to show. We have enough good data points this quarter that this is true. The key number is the non-GAAP gross margin of 60.5%, marking the first time this went into the 60+% range since Q4 2024, which I take as an indicator that the worst of this cycle is past MCHP. In fact, gross margin would have been way better if not for the charges includ...
Defence companies, their hiring processes and their employees have become a key target of state-sponsored cyber-espionage campaigns, according to a report from Google released before the Munich Security Conference. The report catalogues a “relentless barrage of cyber operations”, most by state-sponsored groups, against EU and US industrial supply chains. It suggests the range of targets for these ...
Defence companies, their hiring processes and their employees have become a key target of state-sponsored cyber-espionage campaigns, according to a report from Google released before the Munich Security Conference. The report catalogues a “relentless barrage of cyber operations”, most by state-sponsored groups, against EU and US industrial supply chains. It suggests the range of targets for these hackers has grown to encompass the broader industrial base of the US and Europe –from German aerospace firms to UK carmakers. State-linked hackers have long targeted the global defence industry, but Luke McNamara, an analyst for Google’s threat intelligence group, said they had seen more “personalised” and “direct to individual” targeting of employees. “It’s harder to detect these threats when it’s happening on an employee’s personal system, right? It’s outside a corporate network,” he said. “The whole personnel piece has become one of the major themes.” Google had also noticed more extortion attacks targeting smaller players not directly in the defence supply chain, he said, such as companies making cars or ball bearings. A recent attack by a group linked to Russian intelligence indicates how broad the net has become. Hackers appeared to try to steal information by spoofing the websites of hundreds of leading defence contractors from the UK, the US, Germany, France, Sweden, Norway, Ukraine, Turkey, and South Korea. Russia has also developed specific hacks to compromise the Signal and Telegram accounts of Ukrainian military personnel, as well as journalists and public officials, using methods and vulnerabilities that Google says other attackers could adopt. Hackers have also mounted extremely targeted attacks against Ukraine’s frontline drone units by impersonating Ukrainian drone builders or drone training courses. Dr Ilona Khmeleva, the secretary of the Economic Security Council of Ukraine, said that many cyber-attacks against Ukrainian military personnel were individuali...
The distance between us: are these people together or apart? – in pictures Intriguing images abound in Yolanda del Amo’s new book Archipelago, which explores how our longing for closeness coexists with a desire for individuality Alone together … Noemí, Joseant, 2010. Photograph: Yolanda del Amo
The distance between us: are these people together or apart? – in pictures Intriguing images abound in Yolanda del Amo’s new book Archipelago, which explores how our longing for closeness coexists with a desire for individuality Alone together … Noemí, Joseant, 2010. Photograph: Yolanda del Amo
Our sitcom character Jim Hacker continues to cling on – as he takes to the West End stage, nothing has really changed When people praised Tony Jay and me for Yes Minister ’s prescience, we accepted the compliments graciously. But the reason the TV series always seemed up to date, and still does 40 years later, is that nothing ever really changes. When I was writing the sequel Yes, Prime Minister i...
Our sitcom character Jim Hacker continues to cling on – as he takes to the West End stage, nothing has really changed When people praised Tony Jay and me for Yes Minister ’s prescience, we accepted the compliments graciously. But the reason the TV series always seemed up to date, and still does 40 years later, is that nothing ever really changes. When I was writing the sequel Yes, Prime Minister in 1986, I went to the Daily Telegraph’s offices in Fleet Street to read stories from 1956. I was curious to see how much things had changed. Guess what? They hadn’t. The biggest story was about war in the Middle East (the Suez crisis). The government had lied about its Middle East adventure, which was an abject failure, and the truth was seeping out in spite of its attempt to suppress it. Soviet troops invaded Hungary, creating a refugee crisis in Europe. The “special relationship” with the US was in doubt because of Washington’s disapproval of UK and French defence policy. Questions were raised about the impartiality and independence of the BBC. There was fear of inflation, and a plan to improve regional disparities. I could continue but you get the idea. I’m Sorry, Prime Minister is at the Apollo theatre, London , until 9 May. Then touring Continue reading...
Apple’s revamped compact workout Beats earbuds stick to a winning formula, while slimming down and improving comfort. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. The new Powerbeats Fit are the direct successors to 2022’s popular Beats Fit Pro, costing £200 (€230/$200/A$330). They sit alongside the recently redesign...
Apple’s revamped compact workout Beats earbuds stick to a winning formula, while slimming down and improving comfort. The Guardian’s journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. The new Powerbeats Fit are the direct successors to 2022’s popular Beats Fit Pro, costing £200 (€230/$200/A$330). They sit alongside the recently redesigned Powerbeats Pro 2 as Apple’s fitness alternatives of the AirPods. The Fit take Beats’ standard earbud design and add a flexible silicone stabiliser wing that curves around the inside of your concha, rather than around the outside of your ear like the Pro 2. The result is a far more compact and discreet earbud – particularly if you opt for a subtler colour than spark orange – and one that’s more comfortable to wear with glasses. View image in fullscreen The wing is slightly more flexible than that from the Fit Pro without sacrificing purchase in your ear. Photograph: Samuel Gibbs/The Guardian Once twisted into place, the earbuds stayed firmly in my ears regardless of how vigorously I shook my head or how wet I got running in the rain. The new wing is a little more comfortable for extended periods than their predecessors, but I still found it put uncomfortable pressure on the inside of my left ear after an hour or so. A single button on each earbud takes care of playback and noise cancelling controls, or can be set to adjust volume on a press and hold. Call quality is very good – particularly for earbuds without stalks – sounding relatively natural and clear even when speaking softly in quiet environments and only allowing a little background noise through on busy streets. View image in fullscreen The flip top charging case is light and 17% smaller than the previous version making it easier to fit in a pocket. Photograph: Samuel Gibbs/The Guardian The battery in the earbuds lasts a good six hours of playback with noise cancelling and can be charged three times in the case f...
Walking up a winding trail in the Dobratsch nature park in Carinthia, surrounded by picturesque snowy slopes dotted with pines, we hear shrieks coming from round the corner. The path is as wide as a one-way street but Birgit Pichorner, the park ranger I’m taking a tour with, motions for me to move to the side, where we watch a couple with wide grins glide past on a wooden toboggan. We have seen fa...
Walking up a winding trail in the Dobratsch nature park in Carinthia, surrounded by picturesque snowy slopes dotted with pines, we hear shrieks coming from round the corner. The path is as wide as a one-way street but Birgit Pichorner, the park ranger I’m taking a tour with, motions for me to move to the side, where we watch a couple with wide grins glide past on a wooden toboggan. We have seen families out hiking with young children and speed walkers pacing for the summit, while on a trail above us, four skiers are zigzagging up one of the nature park’s designated ski touring routes. For residents of Villach, the southern Austrian town at the foot of Dobratsch, this is very much their Hausberg, a much-loved “locals’ mountain”, says Birgit. Until 2002, it was a ski resort – Birgit points out the slopes where she learned and later taught her kids to ski – but after successive bad winters at the turn of the century, the town faced the same choice as many ski resorts across the Alps today, as the climate crisis brings higher temperatures and reduced snowfall. Bring in the snow guns and supplement your natural snow offering with the fake stuff? Or chart a different path? The environmental cost of artificial snow is high – it’s energy- and water-intensive The environmental cost of Maschinenschnee, as the Austrians call artificial snow, is high – it’s energy- and water-intensive, with many resorts pumping water up from the valleys to service their slopes. It also negatively affects these fragile ecosystems by introducing potentially pathogenic and stress-tolerant bacteria to the snow, meltwater and soils, according to the hydrologist Prof Carmen de Jong. At Dobratsch, residents were worried about the effects the Maschinenschnee would have on the cleanliness of their drinking water, which is funnelled through the mountain’s karst limestone system. They decided it wasn’t worth the risk, so closed the ski resort and instead developed a community-focused nature park. View ima...
The day before my easyJet flight to Budapest last July, a UK air traffic control outage caused significant disruption at Gatwick. On my arrival at the airport check-in, easyJet staff refused to issue me with a boarding pass because a smaller aircraft, with fewer seats, had had to be substituted. This left 35 passengers unable to board. I was advised to book another flight and claim the cost of the...
The day before my easyJet flight to Budapest last July, a UK air traffic control outage caused significant disruption at Gatwick. On my arrival at the airport check-in, easyJet staff refused to issue me with a boarding pass because a smaller aircraft, with fewer seats, had had to be substituted. This left 35 passengers unable to board. I was advised to book another flight and claim the cost of the new ticket via the easyJet website. The next available flight was with British Airways and cost me £472. EasyJet has since refused to refund me. Customer service staff first denied that the plane had been downgraded, then said my claim was rejected because I had booked the original easyJet flight through a third party, then said I was a no-show. IB London The air traffic control chaos disrupted hundreds of flights, and easyJet’s obduracy is inexcusable. Your webchats with its agents make nonsensical reading. One told you the rejection was because “the email address on the booking does not match the one on the booking”. They then confirmed you were denied boarding before claiming that you weren’t denied boarding for commercial or operational reasons and therefore had no right to a refund. It seems the actual problem was that, since you weren’t allowed to check in, and could not therefore proceed to the gate, the system marked you as a no-show. EasyJet’s system was too inflexible and its staff too indifferent to override this. The airline changed its stance and promised you the money when I intervened, four months after you had lodged your claim, though it never got round to answering my questions. The refund took a further month to arrive because the company suddenly insisted that you provide proof that you had paid for the ticket, which you had booked through a travel agent. In future, I suggest you check in online so you have a better chance of boarding next time something goes wrong. We welcome letters but cannot answer individually. Email us at consumer.champions@thegua...
Joe Begos’s alien-invasion gross-out aims for sensory assault but delivers only visual noise, numbing gore and a weary joke stretched far beyond endurance This is a DayGlo-hued, heavy metal-spackled horror film that clearly hopes to provoke nausea in viewers with its abundant scenes of dismemberment and plentiful use of shaky-cam first-person point-of-view footage. But given that the “blood” being...
Joe Begos’s alien-invasion gross-out aims for sensory assault but delivers only visual noise, numbing gore and a weary joke stretched far beyond endurance This is a DayGlo-hued, heavy metal-spackled horror film that clearly hopes to provoke nausea in viewers with its abundant scenes of dismemberment and plentiful use of shaky-cam first-person point-of-view footage. But given that the “blood” being spurted out is mostly bright orange and belongs to extraordinarily fake-looking alien creatures, the effect is neither gross-out nor even the slightest bit engrossing; it is just boring and headache-inducing. Just as you should bring tissues to see Hamnet , viewers are advised to bring painkillers to this, and possibly a good book to read during the dull interstitial bits. Made over several years in a single scuzzy apartment, Jimmy and Stiggs is the brainchild of writer-director-producer-star Joe Begos, who made the marginally better Christmas Bloody Christmas a few years ago and who plays title character Jimmy here. Having made a bunch of horror films with his lifelong friend Stiggs (Matt Mercer) – we see fictional trailers of them at the beginning, definitely the high point from which it all goes downhill – Jimmy’s career is evidently in a slump and he spends his time getting drunk and high in his grimy hovel, which has a cool jellyfish tank and seems lit exclusively by black-lights, like a 14-year-old metalhead’s dream digs. Continue reading...
A plot to blow up St Paul’s Cathedral is seen through the lens of family tragedy A great demolition is also an act of creation, so long as its execution is bold and impressive enough, so long as it clears out the dead wood and opens up the terrain. It’s the ethos that links Pablo Picasso to 1970s punk, Shiva the Destroyer to the anarchist hero of Joseph Conrad’s The Secret Agent. Rip it up and sta...
A plot to blow up St Paul’s Cathedral is seen through the lens of family tragedy A great demolition is also an act of creation, so long as its execution is bold and impressive enough, so long as it clears out the dead wood and opens up the terrain. It’s the ethos that links Pablo Picasso to 1970s punk, Shiva the Destroyer to the anarchist hero of Joseph Conrad’s The Secret Agent. Rip it up and start again. Or rip it up for the pure thrill of the ripping. In Graham Greene’s short story The Destructors , the schoolboy vandals of the Wormsley Common Gang systematically unpick a Christopher Wren-designed London house, working from the inside out so that it dissolves into rubble the moment a supporting post is pulled down. The crime’s one adult witness, a lorry driver, guffaws at the sight. “I’m sorry, I can’t help it,” he tells the home’s distraught owner. “There’s nothing personal, but you got to admit it’s funny.” Raf, the angel of destruction who haunts the wings of James Meek’s graceful, death-haunted domestic drama, is likewise drawn to the work of Wren – although his project is conceived on a much grander scale. Raf is a professional demolition man, a gifted young engineer and natural born radical, easily moved to laughter or tears and effortlessly dazzling everyone in his orbit. For his PhD project, he has been granted free run of St Paul’s Cathedral in order to test the old building’s resistance to modern traffic vibration. He drills discreet holes in the masonry to install movement censors. But he also packs the cavities with Semtex. Continue reading...
Richard Drury/DigitalVision via Getty Images Full Year Market Update U.S. equities posted strong gains in 2025, marking a third consecutive year of double-digit returns, with the Russell 3000 Index rising 17.2%. The year was shaped by robust earnings growth, continued AI enthusiasm driving technology leadership, and incrementally more supportive monetary policy. However, the market navigated signi...
Richard Drury/DigitalVision via Getty Images Full Year Market Update U.S. equities posted strong gains in 2025, marking a third consecutive year of double-digit returns, with the Russell 3000 Index rising 17.2%. The year was shaped by robust earnings growth, continued AI enthusiasm driving technology leadership, and incrementally more supportive monetary policy. However, the market navigated significant volatility, particularly during the spring tariff uncertainty when the S&P 500 fell nearly 19% before recovering. The Federal Reserve reduced rates by 75 basis points in the second half of the year, responding to moderating growth and signs of labor market softening while inflation remained above target. Trade policy uncertainty and tariff developments contributed to periodic volatility, though markets generally proved resilient as implementation timelines shifted. Like recent years, equity market leadership was again concentrated in Large Cap Growth companies, particularly within technology-oriented areas tied to artificial intelligence, as the equal-weight S&P 500 meaningfully trailed its cap-weighted counterpart. Stylistically, Growth led Value for the year, and Large Caps outperformed Small Caps. Sector performance was mixed, with cyclical leadership led by Communication Services, Technology, and Industrials, while more defensive areas lagged. Among market factors, Growth, Volatility, and Size factors posted the strongest relative returns. Momentum also helped. The Quality and Yield factors were large headwinds. The Value factor was mixed. Key Performance Takeaways The London Company Mid Cap portfolio returned 5.8% (5.1% net) year-to-date vs. a 10.6% increase in the Russell Midcap Index. Both stock selection and sector exposure were headwinds to relative performance. For the year, our Mid Cap portfolio produced solid absolute returns, but it trailed its benchmark and came up short of our 85-90% upside participation expectations. The portfolio played strong defens...
DUBAI, UAE, Feb. 10, 2026 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) and Uber Technologies, Inc. (NYSE: UBER), in partnership with Dubai's Roads and Transport Authority (RTA), today announced the next phase of their global partnership , bringing the Apollo Go autonomous ride-hailing service to the Uber platform in Dubai. Expected to launch in the coming month, the fully autonomous v...
DUBAI, UAE, Feb. 10, 2026 /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888) and Uber Technologies, Inc. (NYSE: UBER), in partnership with Dubai's Roads and Transport Authority (RTA), today announced the next phase of their global partnership , bringing the Apollo Go autonomous ride-hailing service to the Uber platform in Dubai. Expected to launch in the coming month, the fully autonomous vehicles will be available via the Uber app across select locations within the Jumeirah area, and the deployment will expand based on operational learnings and regulatory approvals across the city. This collaboration also aligns directly with Dubai's ambitious goal of having 25% of all transportation trips be autonomous by 2030. For trips within the service area, passengers will have the opportunity to be matched with an Apollo Go vehicle when booking an Uber Comfort or UberX, or by selecting the "Autonomous" option in the Uber app. Fleet management will be handled by third-party operator New Horizon. "Bringing Apollo Go to Dubai via the Uber platform marks a pivotal step in our mission to provide safe, efficient, and accessible autonomous mobility worldwide," said Nan Yang, Vice President of Baidu and General Manager of Overseas Business Unit, Intelligent Driving Group. "As a key deliverable of the strategic partnership between Apollo Go and Uber announced last July, this deployment officially brings our autonomous ride-hailing service to Dubai, utilizing Uber's vast network to turn our shared vision into reality." "We're excited to partner with Baidu as we continue to grow our autonomous footprint across Dubai. Just as we helped millions of people try out EVs for the first time, we will expand consumer access to autonomous technology in major cities around the world," said Sarfraz Maredia, Global Head of Autonomous at Uber. "With more than 20 AV partners already completing millions of autonomous trips annually, Uber is the global platform where the autonomous vehicle indus...
On Washington's Reported Plans To Once Again Store Tactical Nukes In The UK Authored by Andrew Korybko, It’s possible that the US – whether under Trump 2.0 or whichever administration, including a possible Democrat one, comes afterwards – might agree to transfer its tactical nukes to Estonia in parallel with a possible British F-35A deployment to the latter’s base there. The Daily Mail cited Penta...
On Washington's Reported Plans To Once Again Store Tactical Nukes In The UK Authored by Andrew Korybko, It’s possible that the US – whether under Trump 2.0 or whichever administration, including a possible Democrat one, comes afterwards – might agree to transfer its tactical nukes to Estonia in parallel with a possible British F-35A deployment to the latter’s base there. The Daily Mail cited Pentagon funding proposals to report in late December that the US plans to once again store tactical nukes in the UK upon renovating Lakenheath Airbase. The project is expected to cost $264 million and be completed by 2031. They added that “The U.K. will receive its (12 F-35A) jets at the end of this decade and it will be the first time it has had an air-launched tactical nuclear weapon since 1998. While it will own the jets, the U.S. will retain ownership of the nuclear weapons they come with.” Although they also wrote that “[this] represents confirmation that American nuclear weapons will return to Britain for the first time since President Barack Obama withdrew them 17 years ago”, that was assumed in June after two announcements . The Ministry of Defense revealed that London will purchase 12 F-35As from the US and join NATO’s dual-capable nuclear aircraft mission . The Defense Minister then confirmed in November that the US would retain control over the nuclear weapons involved. What makes the Daily Mail’s report significant is that it was published amidst the ongoing Russian-US talks over Ukraine as Putin’s Special Envoy Kirill Dmitriev met with Trump’s Special Envoys Steve Witkoff and Jared Kushner in Miami that weekend to discuss this. The signal being sent was that any grand deal with Russia for reforming the European security architecture after their proxy war ends won’t result in the US hanging its NATO allies out to dry as proven by its planned nuclear deployment to the UK. Some of its troops in Europe might be redeployed to the Western Hemisphere or the Asia-Pacific, ...