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Regulatory-approved medical apps surge globally

Ana Mary Joseph
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Regulatory-approved medical apps surge globally
  • GlobalData’s report forecasts a 17% compound annual growth rate for the overall market between 2024 and 2034.
  • Otsuka Pharmaceutical leads the market with a 16% share of global revenue, while Stryker, Medtronic, and Dexcom are also well positioned as competition intensifies.

Regulatory-approved health apps classified as medical devices are posting strong double-digit growth globally, signaling a shift toward digitally monitored care models, according to GlobalData.

GlobalData’s report forecasts a 17 per cent compound annual growth rate (CAGR) for the overall market between 2024 and 2034. The apps fall into two broad categories: clinical-focused tools for physicians and nurses, and indication-specific apps for conditions such as cancer, depression, IBS, obesity, and Type 1 and Type 2 diabetes. Both segments are growing at double-digit rates.

Otsuka Pharmaceutical leads the market with a 16 per cent share of global revenue, while Stryker, Medtronic, and Dexcom are also well positioned as competition intensifies. “The market’s progress is closely tied to regulatory paths, regional healthcare infrastructure, and digitalisation,” said Thomas Fleming, medical analyst at GlobalData.

North America and Europe currently account for the largest share of demand. The US is expected to sustain North America’s lead on the back of rising adoption, federal initiatives, and strong consumer appetite for digital health tools.

Europe’s growth trajectory remains solid despite a patchwork of national regulations. The Asia-Pacific region is projected to expand rapidly as countries broaden healthcare access and introduce incentives to support regulated app usage.

The market displayed resilience during the COVID-19 pandemic, helping maintain care delivery and support data management. Looking ahead, GlobalData expects continued expansion driven by consumer preference for mobile health solutions and advances in smart device capabilities. As the sector scales, consolidation via mergers and acquisitions is likely alongside efforts to cement long-term market leadership.

US to invest $150m in xLight for next-generation chip manufacturing

Ana Mary Joseph
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US to invest $150m in xLight for next-generation chip manufacturing
  • xLight is collaborating with US national laboratories on a prototype designed to integrate with tools from ASML or prospective rivals.
  • Officials say the investment is meant to catalyse domestic laser-source innovation that could eventually diversify suppliers in the EUV ecosystem and improve energy efficiency across fabs.

The US Department of Commerce said it intends to invest up to $150 million in xLight, a startup developing free-electron lasers aimed at next-generation chip manufacturing, marking the first incentive commitment from the CHIPS Research and Development Office under the Trump administration.

The department signed a non-binding preliminary letter of intent and did not disclose the size of the federal stake. The move follows the administration’s takeover of a $7.4 billion Biden-era semiconductor research institute, signaling a reshaped federal push to onshore and advance critical chipmaking technologies.

At the heart of advanced semiconductor production is extreme ultraviolet (EUV) lithography, used to etch circuitry onto silicon wafers. ASML of the Netherlands remains the sole producer of EUV systems, though startups such as Substrate are pursuing competitors. Within those machines, the laser source is among the most complex components to build and scale.

Reducing power consumption

xLight proposes a laser architecture derived from particle accelerator technology, which it says could dramatically reduce power consumption versus current light sources. The company is collaborating with US national laboratories on a prototype designed to integrate with tools from ASML or prospective rivals.

“For far too long, America ceded the frontier of advanced lithography to others. Under President Trump, those days are over,” Commerce Secretary Howard Lutnick said in a statement.

The company has added former Intel CEO Pat Gelsinger as executive chairman, a role he assumed in March, bolstering its leadership as it seeks to commercialise the technology. Officials said the investment is meant to catalyse domestic laser-source innovation that could eventually diversify suppliers in the EUV ecosystem and improve energy efficiency across fabs.

Nvidia invests $2b in Synopsys, expands AI tools partnership

Ana Mary Joseph
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Nvidia invests $2b in Synopsys, expands AI tools partnership
  • The tie-up aims to shift compute-intensive simulation and design workloads—traditionally run on CPUs—onto Nvidia’s GPUs.

Nvidia has invested $2 billion in chip design software maker Synopsys as part of an expanded multi-year collaboration to develop AI-accelerated tools for designing products across industries, the companies said.

The tie-up aims to shift compute-intensive simulation and design workloads—traditionally run on CPUs—onto Nvidia’s GPUs, promising major speed gains for tasks spanning semiconductor design to aerospace engineering.

Synopsys’ software is widely used to virtually simulate designs before costly prototyping; simulations that can take weeks on conventional systems could be reduced to hours on Nvidia hardware, executives said.

Unlocking opportunities

“The order of magnitude speed-up is going to unlock opportunities that have never been possible before,” Nvidia CEO Jensen Huang said at a press conference.

Synopsys CEO Sassine Ghazi said the Nvidia investment provides “optionality” as Synopsys adapts its tools to GPUs, emphasising there is “no intention or commitment to use that $2 billion to purchase Nvidia GPUs.”

The agreement is non-exclusive. Ghazi noted Synopsys remains open to partnering with other chipmakers, including AMD and Intel. Nvidia and Synopsys are also mutual customers, a dynamic that has drawn scrutiny amid Nvidia’s broader investment spree across the AI ecosystem.

The world’s most valuable company has deployed billions of dollars this year into AI-linked firms, from arrangements enabling up to $100 billion for OpenAI to a $5 billion stake in Intel. Synopsys also counts AMD as a customer, while Nvidia collaborates with Synopsys rival Cadence Design.

Samsung unveils first tri-fold smartphone to rival Huawei

Mohammed Fahad
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Samsung unveils first tri-fold smartphone to rival Huawei
  • TriFold uses three panels to unfold into a 10-inch display, roughly 25% larger than Samsung’s latest Galaxy Z Fold 7.
  • Analysts say the device is likely to function as a technology showcase given its high price and manufacturing complexity, with the broader foldables category expected to remain niche for now.
  • Foldable phones are forecast to account for less than 2% of the global smartphone market in 2025 and under 3% by 2027.

Samsung Electronics unveiled its first multi-folding smartphone on Tuesday, the Galaxy Z TriFold, as the company seeks to reinforce its position in the premium foldable segment amid intensifying competition from Chinese rivals.

Priced at about 3.59 million won ($2,440), the TriFold uses three panels to unfold into a 253.1 mm (10-inch) display, roughly 25 per cent larger than Samsung’s latest Galaxy Z Fold 7. The device features Samsung’s largest battery among its flagship phones and supports super-fast charging to 50 per cent in 30 minutes. Production is based in South Korea.

“I believe the foldable market will continue to grow, and the TriFold in particular could act as a catalyst that drives more explosive growth in key parts of the segment,” said Alex Lim, executive vice president and head of Samsung Electronics’ Korea Sales & Marketing Office.

Lim added that the model targets enthusiasts rather than serving as a mass-volume driver, noting sharply rising component costs made pricing a “difficult decision.”

Global launch dates

Samsung said the TriFold will go on sale in South Korea on December 12, followed by launches in China, Singapore, Taiwan, and the United Arab Emirates before year-end. A US release is expected as early as the first quarter of 2026.

Analysts said the device is likely to function as a technology showcase given its high price and manufacturing complexity, with the broader foldables category expected to remain niche for now. Foldable phones are forecast to account for less than 2 per cent of the global smartphone market in 2025 and under 3 per cent by 2027, according to Counterpoint Research.

Still, Samsung’s shipment share in foldables surged to 64 per cent in the third quarter from 9 per cent in the prior quarter, highlighting the volatility driven by launch cycles. Counterpoint expects foldable shipments to grow 14 per cent this year, with annual growth in the 30 per cent range in 2026 and 2027 as Apple is widely anticipated to enter the segment.

Competition is set to intensify after Huawei introduced the industry’s first three-way folding phone in September and with Apple expected to debut a foldable next year.

Wipro wins AI transformation deal with Dutch telecom Odido

TCN Bureau
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Wipro wins AI transformation deal with Dutch telecom Odido

India’s Wipro has secured new business in Europe, signing a multi-year partnership with Dutch telecom operator Odido to overhaul its IT landscape using artificial intelligence in a bid to improve customer experience and operational efficiency.

Under the agreement, Wipro will upgrade Odido’s digital platforms and back-end systems, streamline technology usage across the organisation, and automate routine processes that slow operations. Odido expects the changes to enhance customer service, boost employee productivity, and lower operating costs.

The program will leverage Wipro’s AI platforms, WEGA and WINGS, which are designed to accelerate modernisation and increase reliability. Wipro said the tools will help Odido move faster, detect issues earlier, and respond more quickly to customer needs.

The deal comes as telecom operators face rising customer expectations and intensifying competition, pushing carriers to modernise core systems and adopt AI at scale. For Wipro, the partnership underscores its growing role in AI-led transformation and deepens its footprint in the European market.

Alibaba gains ground as China’s leading AI enable

Mohammed Fahad
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Alibaba gains ground as China’s leading AI enable
  • Interest in Qwen climbed to 30% from 18% and is projected to reach 37% within three years, placing it ahead of DeepSeek, Huawei, ByteDance, and Tencent.
  • Hyperscalers becoming the preferred platforms for large AI models, with 47% of CIOs favouring them—a 10‑point jump—while interest in independent model developers declined.

Alibaba is emerging as China’s most influential artificial intelligence enabler, with CIO interest in its Qwen large language model and Alicloud services rising sharply in Morgan Stanley’s latest China CIO survey for the second half of 2025, according to analyst Gary Yu’s note to clients.

The survey indicates Chinese enterprises are increasing technology budgets and prioritising AI deployments heading into 2026. Forty per cent of CIOs plan to adopt generative AI via public cloud services in the next year, up from 28 per cent in the prior survey.

Hyperscalers are becoming the preferred platforms for large AI models, with 47 per cent of CIOs favouring them—a 10‑point jump—while interest in independent model developers declined.

Faster revenue growth

Vendor preferences are shifting as a result. DeepSeek remains the most popular individual AI vendor but saw its share fall by 20  per centage points to 45 per cent. Alibaba recorded the strongest improvement in sentiment: interest in Qwen climbed to 30 per cent from 18 per cent and is projected to reach 37 per cent within three years, placing it ahead of DeepSeek, Huawei, ByteDance, and Tencent.

Morgan Stanley said the findings support expectations for faster Alicloud revenue growth in the second half of fiscal 2026 as enterprise adoption accelerates. Citing research firm Omdia, the bank noted that Alibaba holds a 35.8 per cent share of China’s AI cloud services market, the largest in the country.

The results underscore a broader trend toward consolidating generative AI workloads on hyperscale cloud platforms that bundle models, tooling, and compliance, positioning Alibaba as a primary market-share beneficiary as AI spending increases.

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