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Industry

Semifive Q3 operating loss widens 34 percent on year to 9.7 billion won

Semifive said on Thursday it posted third-quarter revenue of 51.4 billion won and an operating loss of 9.7 billion won. Revenue rose 23 percent from a year earlier, while the operating loss widened from 7.2 billion won. Gross profit increased to 11.4 billion won, but selling and administrative expenses climbed to 21.1 billion won. The company reported record order backlog and said performance should improve from the fourth quarter.

Crypto

SoFi expands stablecoin payment network as SoFiUSD joins Polygon

Fintech firm SoFi added SoFiUSD, described as the first stablecoin issued by a U.S. national bank, to Polygon’s payment infrastructure. SoFiUSD began operating on Polygon’s Open Money Stack, becoming its third supported network after Ethereum and Solana. The stack combines fiat on- and off-ramps, embedded wallets and cross-chain settlement. SoFiUSD is redeemable 1-to-1 for dollars and is issued by SoFi Bank, but it is not a bank deposit and is not covered by FDIC or SIPC insurance.

Industry

Can AI robots help Japan tackle care worker shortages driven by ageing?

Japan is increasingly adopting AI robots and remote monitoring systems as shortages of care workers worsen with the country’s ageing population. A Tokyo robotics startup is developing a humanoid assistant designed to take on tasks such as cleaning, laundry and night monitoring. Remote observation systems combining bed sensors and cameras are also spreading. Japan’s health ministry estimates care worker demand will reach 2.72 million by 2040, while low wages remain a barrier.