The agreement, spanning several years, covers areas of technology related to RF Front-End components. Qualcomm Technologies Inc stated it has signed memorandums of understanding (MOU) for sales worth at least $2 billion with Xiaomi Communications, Lenovo Group, Vivo Communication Technology and the Guangdong OPPO Mobile Telecommunications Corp. On Thursday, the U.S. chipmaker disclosed that the…
Gartner and SK Hynix have reported that demand for NAND memory chips are set to rise in 2018. South Korean memory giant, SK Hynix, has reported a record surge in its fourth quarter profits, easing market concerns of a decline in memory chips demand. With the news reaching the market, shares of SK Hynix rose…
Emerging from bankruptcy protection, the firm is pushing to reinvent its brick-and-mortar stores as well as rejig its website to take on more e-commerce. Specialty retailer Toys “R” Us Inc stated it will be closing one-fifth of its stores in the U.S. in the coming months as it struggles to emerge from one of its…
XtalPi uses quantum physics, AI and cloud computing to improve drug design processes. China’s Tencent Holdings Ltd along with Sequoia Capital China and Alphabet Inc’s Google have joined a $15 million series B funding round for XtalPi Inc, a Boston and Shenzhen-based artificial intelligence (AI) pharmaceutical firm. A statement by Google and XtalPi confirmed that…
Tesla stated that its Chief Executive’s pay, including salary, cash bonuses is tied to the firm’s operational milestones. On Tuesday, Tesla Inc stated that the renumeration of its CEO, Elon Musk will be paid if the firm and its shareholders do extraordinarily well. Musk’s compensation will be based on a combination of market capitalization and…
South Korea’s regulators are pushing cryptocurrency traders and exchanges to follow Know-Your-Customer (KYC) procedures to curtail money laundering and other crimes. In a significant development surrounding bitcoins and such cryptocurrencies, from January 30, South Korea will ban the use of anonymous bank accounts for trading in cryptocurrencies. The move is designed to bring to bring…
Here is how this France-based house of haute couture aims to make, a subtle and yet distinct statement, in tomorrow’s launch of the Paris’ Spring/Summer Haute Couture Week. French haute couturier Julien Fournie is one of those new age designers who effortlessly bridge the ancient art form of hand-stitched silk gowns with modern cutting-edge 3D…
The profit guideline, for the fourth quarter, by the Britain-based IT services firm beat analysts’ expectation despite being hurt by weaknesses in the domestic market because of Brexit. On Monday, Computacenter Plc, an IT services firm, stated that its adjusted pretax results are likely to beat analysts’ expectations. This latest raising of its earning guidance…
The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
Based on suspicion of dubious transaction, some of the accounts of major bitcoin exchanges in India were suspended by a number of major banks in India which included the State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank, according to media reports quoting sources reportedly with knowledge of the matter. The…
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