Toyota’s move is aimed at tapping soaring demand for cars in Myanmar. On Thursday, Toyota Motor Corp stated it would open a manufacturing facility in Myanmar which will produce Hilux pick-up trucks from 2021. The automaker plans on assembling the trucks locally following soaring demand for cars in the emerging nation. The newly built plant…
U.S., Secretary of State Mike Pompeo made these comments on live television in an interview on Fox Business Network. With China’s government threatening to restrict the sale of rare earth to the U.S., Secretary of State Mike Pompeo kept up the pressure on Huawei Technologies Co Ltd saying telecom equipment maker takes orders from Beijing.…
Huawei has asked the U.S. District Court for the Eastern District of Texas, to declare the 2019 National Defense Authorization Act (NDAA) as unconstitutional. Clearly U.S. action on the company is having its intended effect. According to a motion filed late on Tuesday, China’s Huawei Technologies Co Ltd has filed for summary judgment in its…
Pegatron is partnering with Indonesia’s PT Sat Nusapersada to produce chips for Apple smartphones. According to a statement by Indonesia’s deputy industry minister, Warsito Ignatius, Pegatron, a Taiwanese electronics company has signed a letter of intent stating it aims to invest $695 million to $1 billion (10 trillion to 15 trillion rupiah) in an Indonesian…
Germany’s antitrust regulator has extended the review of IBM’s $962 million acquisition of T-Systems to July 9. According to a statement placed on the website of Germany’s antitrust office, it is extending its review of a mainframe computing deal between the IT services arm of Deutsche Telekom, T-Systems, and IBM. The review period is being…
According to a Bloomberg report, the Model 3 could be priced in the range of $43,431-$50,670. According to a report from Bloomberg which cites sources familiar with the matter at hand, Tesla Inc is looking at pricing its China-manufactured Model 3 sedan in the range of $43,431-$50,670 (300,000-350,000 yuan) before subsidies. The final price is…
The secondary listing is of strategic importance to Alibaba since it would provide it with fresh funds which it needs to beat its U.S. rivals; technology is a sector where China lacks behind the U.S.; fresh capital infusion is required in the newer sectors it has expanded into such as cloud computing. According to sources…
HP Sure Sense uses AI and deep learning to predict and prevent security threats. On Tuesday, in a statement HP Inc stated it is collaborating with Israeli cybersecurity firm Deep Instinct to launch HP Sure Sense. The collaboration is aimed at preventing advanced cyber attacks. Financial details of the deal have not been released. According…
Finistere Ventures is intent on investing in technologies in the food sector. On Monday, Finistere Ventures, a food technologies-focused firm has partnered with three Israeli firms to invest up to $100 million in agrifood startups in Israel. Finistere will be joined by Tnuva, Israel’s largest food company that is controlled by China’s Bright Food, beverage…
Apex.AI aims to make the Robot Operating System (ROS) more robust and failproof so that it can be deployed in commercial self-driving vehicles. Palo Alto, California-based Apex.AI, a company which strives to make open-source self-driving software reliable enough to be commercially viable has hired Karl-Thomas Neumann, an industry veteran who has been the CEO of…
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