Huawei has launched its new Mate 70 Air smartphone, priced at approximately $590, which is set to rival Apple's $999 iPhone Air. With a sleek 6.6mm thickness and a 7-inch display, this device runs on HarmonyOS and is expected to ship on November 11. This release is significant as it showcases Huawei's commitment to innovation in the competitive smartphone market, offering consumers a high-quality alternative at a more accessible price.

SoftBank's exploration of a potential takeover of Marvell to merge it with Arm could reshape the chip industry significantly. This move, if realized, would mark the largest deal in the sector's history, highlighting SoftBank's ambition to strengthen its position in the semiconductor market. Such a merger could lead to innovative advancements and increased competition, ultimately benefiting consumers and tech companies alike.

Shares of Pony.ai and WeRide experienced a significant drop of up to 15% during their trading debut in Hong Kong. Despite raising substantial funds—approximately $863 million for Pony.ai and $309 million for WeRide—investors reacted negatively to the listings. This decline highlights the challenges faced by new entrants in the competitive robotaxi market, raising questions about future investor confidence and market stability.

Nexperia has announced the suspension of wafer supplies to its factory in China due to the local unit's refusal to make payments and disregard for global management's directives. This situation highlights significant challenges in the company's operations and raises concerns about the stability of its supply chain. The decision to halt supplies could impact production and financial performance, making it a critical issue for stakeholders and the semiconductor industry.

Snap has struck a significant deal with Perplexity to integrate its search engine into Snapchat, with Perplexity set to pay $400 million in cash and equity. This partnership is exciting as it enhances Snapchat's capabilities, allowing users to access advanced AI-driven search features directly within the app. Such innovations could attract more users and keep Snapchat competitive in the ever-evolving social media landscape.

Arm has reported a remarkable 34% year-over-year increase in Q2 revenue, reaching $1.14 billion, significantly surpassing estimates. The company's royalty revenue also saw a healthy 21% rise to $620 million. This strong performance is a clear indicator of the growing demand for AI technologies, which is crucial for investors and the tech industry alike. Following this news, Arm's stock jumped over 4% in after-hours trading, reflecting positive market sentiment and confidence in the company's future prospects.

Tesla is gearing up for its first annual shareholder meeting in Texas, where a key topic will be Elon Musk's proposed $1 trillion pay package. This meeting is significant as it marks a new chapter for Tesla under Texas law, and the outcome could have major implications for corporate governance and executive compensation practices. With insights from Shane Goodwin, an expert in corporate governance, the discussions are expected to shed light on how shareholders view Musk's compensation in relation to the company's performance.

Reevo, an innovative startup focused on leveraging AI to streamline product launches, has successfully raised $80 million in funding, which includes a $10 million seed round and a $70 million Series A led by Kleiner Perkins. This significant investment, valuing the company at $500 million, highlights the growing interest in AI-driven solutions in the market. The funding will enable Reevo to enhance its technology and expand its reach, potentially transforming how products are brought to market.