Injong Rhee joins Alphabet Inc’s Google to head its IoT business

Injong Rhee played a significant role in Samsung’s Knox security system, Samsung Pay mobile wallet and its Bixby digital assistant. Injong Rhee, the former chief technology officer at Samsung Electronics Co has resigned from his job and has been hired by Alphabet Inc’s Google to head its Internet of Things (IoT) business. Google spokeswoman, Jane…

IBM sues Lindsay-Rae McIntyre for breach of 1 year non-competitive agreement

Lindsay-Rae McIntyre has been barred from joining Microsoft, pending a court review of the lawsuit. On Tuesday, International Business Machines (IBM) Corp sued Lindsay-Rae McIntyre, a former executive alleging violations of its 1-year non-competitive agreement. Over the weekend McIntyre was named by Microsoft Corp as its new chief diversity officer. According to documents that were…

Foxconn to use proceeds of Shanghai IPO to fund 8 projects totaling to $8 billion

The projects it plans on funding will focus on building 5G solutions, smart manufacturing platforms and cloud computing services. On Monday, Foxconn, the world’s largest contract manufacturer of electronics, stated it plans on using the proceeds of one of its subsidiaries, which got listed in Shanghai, to fund 8 projects totaling to $4 billion (27.3…

Russian Security At A Nuclear Facility Arrests Its Scientists For Alleged Bitcoin Mining

A number of scientists engaged at a top-secret Russian nuclear warhead facility were arrested on allegations that they were engaged in cryptocurrency mining by Russian security officers. According to media reports, one of Russia’s most powerful supercomputers was attempting to be used by the suspects for mining Bitcoins. The incident took place at the Federal…