Samsung Electronics will investment 11 trillion won annually upto 2030, so as to become the world no.1 in logic chips. On Wednesday, Samsung Electronics stated it would be sinking in $9.57 billion (11 trillion won) annual through 2030 in its logic chip businesses, including its foundry business. The investment by Samsung Electronics, the world leader…
The most significant part of the indictment is that this is the first time that the United States has tied these economic and intellectual property thefts to the Chinese government. In a significant development, as per an indictment unsealed by the U.S. Justice Department, a Chinese businessman as well as a former engineer working at…
It will have to be seen how Britain can block Huawei from only its core 5G network since it is very difficult to distinguish between core and non-core. As per a source within the Britain’s security establishment, London will not only block China’s Huawei Technologies from all core parts of its 5G network but will…
Tesla co-founder Elon Musk probably surpassed even his own limits of making bold, and by some measures outlandish statements, as he threw up a challenge to the other car makers of the world. “The fundamental message that consumers should be taking today is that it’s financially insane to buy anything other than a Tesla,” the…
The existing relationship between French-based Casino Guichard Perrachon (or the Casino Group) and the United States-based Amazon has been strengthened further by the two companies. More of pick up lockers have been installed inside the stores of the Casino Group by Amazon while allowing more stocking of the products from the French company on the…
China’s Ministry of Industry and Information Technology (MIIT) stated, the government will nurture and promote greener technologies, such as hydrogen and fuel cell, for the transportation market. On Tuesday, a Chinese government official stated, China back the development of hydrogen energy and fuel cell vehicle industry as part of a wider effort to promote green…
The adoption of electric vehicles and plug-in hybrids in the U.S. is likely to be a win-win scenario for carmakers and utilities if the latter were to expand their range of services and increase their revenue streams. As per the results of a study released on Tuesday, an increase in demand for electric vehicles in…
It has not been a month that the new chairman of French auto company Renault had assured that no plan for greater integration with Japan’s Nissan was being contemplated, a new bid to integrate has been launched by Renault. According to a report published in the Nikkei on Monday, this new push form Renault had…
Despite Apple and Amazon rivalling for the same share of the pie, they also reportedly share a close business relationship with more than $30 million a month being spent by Apple for using Amazon’s cloud facilities, according to reports quoting sources. Reports state that this heavy expenditure by Apple on iCloud also shows its intention…
Huawei’s modile, based on its Balong 5000 5G chip, is aimed at establishing itself as a key supplier for parts for the upcoming connected car industry. On Monday, in a development that further underscores China’s ambition to position Huawei Technologies as a vehicle to further its global ambitions, the embattled tech giant stated, it has…
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