In what is the biggest deal in the United States so far this year, chipmaker Analog Devices Inc has decided to acquire rival Maxim Integrated Products Inc for around $21 billion, with an aim to boost its market share in automotive and 5G chipmaking. Following the acquisition, ADI will have a combined enterprise value of…
In a momentous decision British Prime Minister Boris Johnson is set to ban China’s Huawei from Britain’s 5G network on Tuesday. The development comes at a time when the Chinese company is facing heightened scrutiny over allegations that it can hand over sensitive data to Chinese intelligence following Beijing’s enacting a National Intelligence Law which…
The Chinese video sharing app TikTok was first banned and then unbanned within hours from the mobile phones of its employees by Amazon last week. The largest e-copmmerce company of the world said that the move was done by mistake. There was widespread attention for the Chinese-owned social media platform TikTok by the move by…
Up to $1 billion is being planned to be invested by the Taiwanese chip maker and Apple Inc’ largest contract manufacturer Foxconn in the expansion of its factory in of expand a factory in Southern India where the firm assembles iPhones for Apple, said a report from the news agency Reuters quoting sources with knowledge…
On Monday, in a significant development, authorities in Singapore stated, a blockchain-based payments network that could enable faster and cheaper international settlements has been developed and will soon be ready for a commercial rollout. During the final phase of the years-long ‘Project Ubin’, the Monetary Authority of Singapore teamed up with J.P. Morgan and state…
Volkswagen plans on replacing the head of its software development, reported German newspaper Handelsblatt. The development comes at a time when the German automaker is wrestling with the transition to electric vehicles. According to the report, Christian Senger, a former BMW manager who runs the recently founded Car.Software.Org unit, will be replaced. The development follows…
Qualcomm Inc has decided to purchase a 0.15% stake in India’s Reliance Industries’ digital unit Jio Platforms for $97.1 million (7.3 billion rupees). The development will help Jio Infocomm, Reliance’s telecoms venture, to “roll out advanced 5G infrastructure and services for Indian customers”, said Reliance in a statement. The development comes at a time when…
In order to mitigate risks related to the coronavirus pandemic negatively impacting sales momentum in the automobile industry, Tesla Inc plans on cutting the price of its Model Y, a sport utility vehicle, by $3,000. The development comes just after four months following its launch, making it a fantastic deal for consumers looking to buy…
In a significant development, the British government is likely to set a deadline for removing Huawei’s 5G related telecommunication equipment from Britain’s telecom network by 2025. Britain’s cultural minister Oliver Dowden is scheduled to make a statement in Parliament on Tuesday on this move; British ministers are pushing to remove Huawei’s telecom equipment from the…
According to three sources familiar with the matter at hand, Facebook Inc is weighing options which include imposing a ban on political ads on its social network in the days leading up to the November 3 U.S. Presidential elections in the United States, reads a report from Bloomberg News. Facebook’s spokesman declined to comment on…
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