In a report, Japan’s Nikkei newspaper said, around 20 Japanese companies, including electronic component maker Ibiden Co, will collaborate with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan. Fifty percent of $337 million (37 billion yen), the cost of the research facility, will be borne by the Japanese government In February,…
On Monday, in a statement Intel Corp said, it could take several years before the global chip shortage is resolved. The issue has resulted in the closure of some auto production lines and is felt in other industries as well, including consumer electronics. During a virtual session at the the Computex trade show in Taipei,…
Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…
According to an e-mai, Apple Inc will delay the launch of its podcast subscription service until next month, following a few podcast creators having delay issues with their shows appearing on its platform after upload. Earlier this year in April, Apple had said it was introducing a service that would let podcast creators charge for their…
On Friday, Japan’s Nikkei reported Nissan Motor Co along with its China-based battery maker partner Envision AESC group will build new battery plants for electric vehicles in Japan and in the United Kingdom; the duo are set to invest more than $1.82 billion (200 billion yen) to this end. The new plants are scheduled to…
In a significant development two tech trade groups have filed a lawsuit against Florida over a new legislation that fines social media companies that ban political candidates, saying it violates free speech rights. The lawsuit states that the bill signed into law by Florida Governor Ron DeSantis earlier this week on Monday, was unconstitutional. It…
For the first time this week on Wednesday, the price of Bitcoin clawed back to above $40,000 with volatility in the cryptocurrency market showing few signs of dampening. The price of Bitcoin jumped by 6.5% to $40,904. Prices of smaller crypto-currencies, which tend to rise and fall in line with the largest cryptocurrency, also climbed…
On Friday, in a statement Dutch charging infrastructure company Fastned said, it has partnered with Tesla to build electric vehicle (EV) charging stations at a hub in Oxford, UK. The hub, featuring 26 charging stations, will also include 12 Tesla Supercharger stalls and 14 Fastned fast chargers and will be built in cooperation with Oxford…
According to four sources with knowledge of the matter at hand, embattled Chinese tech giant Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of semiconductors for the auto sector. In the last 6 months both companies have been collaborating informally on designing…
Storytel , a Swedish audiobook streaming group has teamed up with Spotify to allow its subscribers to listen to its library of audiobooks on Spotify from later this year. Storytel offers listening and reading of more than 500,000 titles across 25 markets and competes with the likes of Amazon’s Audible. “We will also be tapping into the opportunity…
business-gurus.com 