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GYEONGJU, South Korea (Reuters) -Amazon Web Services will invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centres in the Asian country, South Korea's presidential office said on Wednesday.  The announcement was made during AWS chief executive officer Matt Garman's meeting with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, Lee's office said in a statement.  Amazon is one of seven global firms whose executives attended the group meeting with Lee in Gyeongju, South Korea, and pledged a total of $9 billion in investments for the next five years, the presidential office said.  Amazon's investment will accelerate the growth of an ecosystem for the AI industry in South Korea, as the country aims to become one of the world's top three AI leaders, Lee said at the meeting with Garman.  "At AWS, we've invested and committed to investment of an additional $40 billion across 14 non-U.S. APEC countries and economies between now and 2028," Garman said. "And, that $40 billion actually drives an additional $45 billion in U.S. GDP and downstream benefit, benefiting all of the APEC economy," he said at a business event on the sidelines of the summit. AWS unveiled in June a $5 billion investment plan in South Korea with local conglomerate SK Group for building the country's biggest data centre. It has also announced investments in other countries including Japan, Australia and Singapore. (Reporting by Heejin Kim and Jihoon Lee; Editing by Himani Sarkar)

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GYEONGJU, South Korea (Reuters) -Amazon Web Services will invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centres in the Asian country, South Korea's presidential office said on Wednesday.  The announcement was made during AWS chief executive officer Matt Garman's meeting with South Korean President Lee Jae Myung on the sidelines of the Asia-Pacific Economic Cooperation summit, Lee's office said in a statement. Amazon is one of seven global firms whose executives attended the group meeting with Lee in Gyeongju, South Korea, and pledged a total of $9 billion in investments for the next five years, the Korean presidential office said. Amazon's investment will accelerate the growth of an ecosystem for the AI industry in South Korea, as the country aims to become one of the world's top three AI leaders, Lee said at the meeting with Garman. AWS unveiled in June a $5 billion investment plan in South Korea with local conglomerate SK Group for building the country's biggest data centre. (Reporting by Heejin Kim; Editing by Himani Sarkar)

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By Milana Vinn NEW YORK (Reuters) -Private equity firm Francisco Partners is close to a deal to buy device management software provider Jamf, two people familiar with the matter said, taking the company private a little more than five years after its market debut. Vista Equity Partners, which owns 34% of Jamf, is expected to exit its position as part of the transaction, the sources said, asking not to be identified since the deal is confidential. The deal is expected to receive final approval on Tuesday and could be announced as early as Wednesday, one of the sources added. Jamf, Francisco Partners and Vista Equity did not immediately respond to requests for comment. The sources did not give details on the terms of the deal. Jamf had a market capitalization of approximately $1.5 billion as of Tuesday's close. Reuters first reported in September that the company was exploring a sale. Vista Equity acquired majority ownership of Jamf in 2017. It exited part of its position with the company's initial public offering and has completed three secondary stock sales and one private block sale, generating close to $1.3 billion in gross proceeds, according to public filings. The deal would end a tough run for Jamf shareholders. The company's stock has plunged 65% since its July 2020 IPO and is down roughly 32% over the past 12 months. Minneapolis-based Jamf provides device management and security solutions that enable IT teams to remotely manage Apple devices including MacBooks, iPads, and iPhones at scale. Despite posting 15% year-over-year revenue growth to $175.5 million in the second quarter and raising guidance for the year, Jamf has struggled to achieve profitability.  (Reporting by Milana Vinn in New York; Editing by Dawn Kopecki and Edmund Klamann)

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GYEONGJU, South Korea (Reuters) -Amazon Web Services will invest at least $5 billion in South Korea by 2031 to build new artificial intelligence data centres in the Asian country, South Korea's presidential office said on Wednesday. (Reporting by Heejin Kim; Editing by Himani Sarkar)

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By Milana Vinn NEW YORK (Reuters) -Private equity firm Francisco Partners is close to a deal to buy device management software provider Jamf, two people familiar with the matter said, taking the company private a little more than five years after its market debut. Vista Equity Partners, which owns 34% of Jamf, is expected to exit its position as part of the transaction, the sources said, asking not to be identified since the deal is confidential. The deal is expected to receive final approval on Tuesday and could be announced as early as Wednesday, one of the sources added. Jamf, Francisco Partners and Vista Equity did not immediately respond to requests for comment. The sources did not give details on the terms of the deal. Jamf had a market capitalization of approximately $1.5 billion as of Tuesday's close. The deal would end a tough run for Jamf shareholders. The company's stock has plunged 65% since its July 2020 IPO and is down roughly 32% over the past 12 months. Minneapolis-based Jamf provides device management and security solutions that enable IT teams to remotely manage Apple devices including MacBooks, iPads, and iPhones at scale. Despite posting 15% year-over-year revenue growth to $175.5 million in the second quarter and raising guidance for the year, Jamf has struggled to achieve profitability.  (Reporting by Milana Vinn in New York; Editing by Dawn Kopecki and Edmund Klamann)

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By Wen-Yee Lee TAIPEI (Reuters) -Foxconn, the world's largest electronics maker and Nvidia's key AI server maker, said on Tuesday it will deploy humanoid robots at its Houston plant that produces AI servers for Nvidia. Reuters first reported in June that Foxconn and Nvidia were in talks to use humanoid robots at the Houston factory, targeting the first quarter of 2026. "The factory will also be among the first to deploy humanoid robots powered by the NVIDIA Isaac GR00T N model on its production lines, as Foxconn and Nvidia aim to build a world-leading benchmark AI smart factory," the company said in a statement released during Nvidia’s developers' conference in Washington, D.C. Foxconn, formally known as Hon Hai Precision Industry Co, said it will also continue scaling up AI server production in Texas, Wisconsin and California to meet rising demand. “Our team is bringing the most advanced AI data center solutions to the United States, which will help our leading customers stay ahead in the AI race,” Foxconn Chairman Young Liu said in the release. (Reporting by Wen-Yee Lee; Editing by Sonali Paul)

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By Wen-Yee Lee TAIPEI (Reuters) -Foxconn, the world's largest electronics maker and Nvidia's key AI server maker, said on Tuesday it will deploy humanoid robots at its Houston plant that produces AI servers for Nvidia. Reuters first reported in June that Foxconn and Nvidia were in talks to use humanoid robots at the Houston factory, targeting the first quarter of 2026. "The factory will also be among the first to deploy humanoid robots powered by the NVIDIA Isaac GR00T N model on its production lines, as Foxconn and Nvidia aim to build a world-leading benchmark AI smart factory," the company said in a statement released during Nvidia’s developers' conference in Washington, D.C. Foxconn, formally known as Hon Hai Precision Industry Co, said it will also continue scaling up AI server production in Texas, Wisconsin and California to meet rising demand. “Our team is bringing the most advanced AI data center solutions to the United States, which will help our leading customers stay ahead in the AI race,” Foxconn Chairman Young Liu said in the release. (Reporting by Wen-Yee Lee; Editing by Sonali Paul)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

By Milana Vinn NEW YORK (Reuters) -Private equity firm Francisco Partners is close to a deal to buy device management software provider Jamf, two people familiar with the matter said, taking the company private a little more than five years after its market debut. Vista Equity Partners, which owns 34% of Jamf, is expected to exit its position as part of the transaction, the sources said, asking not to be identified since the deal is confidential. The deal is expected to receive final approval on Tuesday and could be announced as early as Wednesday, one of the sources added. Jamf, Francisco Partners and Vista Equity did not immediately respond to requests for comment. The sources did not give details on the terms of the deal. Jamf had a market capitalization of approximately $1.5 billion as of Tuesday's close. The deal would end a tough run for Jamf shareholders. The company's stock has plunged 65% since its July 2020 IPO and is down roughly 32% over the past 12 months. Minneapolis-based Jamf provides device management and security solutions that enable IT teams to remotely manage Apple devices including MacBooks, iPads, and iPhones at scale. Despite posting 15% year-over-year revenue growth to $175.5 million in the second quarter and raising guidance for the year, Jamf has struggled to achieve profitability.  (Reporting by Milana Vinn in New York; Editing by Dawn Kopecki and Edmund Klamann)

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(Reuters) -Australia's corporate regulator said on Wednesday the federal court has barred failed cryptocurrency exchange firm Blockchain Global's director, Ryan Xu, from leaving the country until December 20. The Australian Securities and Investments Commission (ASIC) applied for the court orders on an ex parte basis, which means that Xu has not yet had the opportunity to be heard by the court or respond to ASIC's application. "The matter is next due before the court on October 30, 2025, for an inter partes hearing," the regulator added in its statement. The ASIC is currently investigating Xu's connection with Blockchain Global's operation of a cryptocurrency exchange platform, ACX Exchange, which collapsed around December 2019, and began facing issues withdrawing funds or cryptocurrency from their accounts. The regulator had started an investigation into the firm in January 2024, following receipt of a report from the firm's liquidators, which said that Blockchain Global owed around A$58 million ($37.3 million) to unsecured creditors as of October 2, 2023. Xu is the third person from the firm under investigation by ASIC, according to the regulator's website. Blockchain Global had no published contact information and could not immediately be reached for comment. (Reporting by Jasmeen Ara Shaikh in Bengaluru; Editing by Rashmi Aich)

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By Johann M Cherian (Reuters) -Apple briefly topped $4 trillion in market value for the first time on Tuesday, the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race. Its stock briefly reached $269.89, giving Apple a market value of $4.005 trillion, before receding and ending the day up 0.1%, giving the company a value of $3.992 trillion. Apple's shares have gained about 13% since the new launches on September 9, in a turnaround that pushed the stock into positive territory for the first time this year.  "The iPhone accounts for over half of Apple's profit and revenue and the more phones they can get into the hands of people, the more they can drive people into their ecosystem," said Chris Zaccarelli, chief investment officer for Northlight Asset Management, ahead of the milestone.      Apple shares had struggled earlier this year on concerns over tough competition in China and uncertainties around how the company would navigate high U.S. tariffs on Asian economies such as China and India, its major manufacturing hubs.  The latest smartphones, including the iPhone 17 line-up and the iPhone Air, wooed back customers from Beijing to Moscow within the first few weeks of launch, while the company has swallowed the high costs from the tariffs. Analysts said the iPhone Air's slim design could help fend off rivals such as Samsung Electronics, while early sales of the iPhone 17 outperformed its predecessor by 14% in the U.S. and China, data from research firm Counterpoint showed. Brokerage Evercore ISI expects the strong demand for Apple's latest iPhones to help it surpass market expectations for the three-month period ending in September and issue upbeat forecasts for the quarter ending in December.     Apple is the third company to hit the $4 trillion mark after Nvidia and Microsoft. Nvidia currently tops the table with a market value of almost $5 trillion.  Apple's cautious approach to AI had fueled concerns it could lose out on what could be the industry's biggest growth catalyst in decades. Recent reports also indicate that the company is losing a number of its senior artificial intelligence executives to Meta.  The company was slow to roll out its Apple Intelligence suite, including a ChatGPT integration, while an AI upgrade to its voice assistant Siri has been delayed until next year.  Apple has explored several tie-ups with Alphabet's Gemini AI, Anthropic and OpenAI, according to reports. "The lack of a well-understood artificial intelligence strategy is clearly one of the things that is an overhang for the stock. If they could figure out how to incorporate artificial intelligence in a way that would excite consumers and the market, you'd see a whole different company," Zaccarelli said. Apple reported its strongest quarterly results in years during the April-June period, with double-digit growth across key segments and its forecasts were better than analysts' expectations. The company is expected to announce its fourth-quarter results on October 30. The iPhone maker's shares recently traded at 33 times earnings projected for the next 12 months, higher than the 27 for Nasdaq 100, according to data compiled by LSEG. Apple shares have gained 7% this year, widely underperforming the tech-heavy Nasdaq's 23% gain. (Reporting by Johann M Cherian and Shashwat Chauhan in Bengaluru; Editing by Sriraj Kalluvila)

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