The development is the first such investment by a U.S. automaker in the Central American country. As per a statement from the Honduran government, Green4U Technologies, a U.S. electric auto maker has signed a memorandum of understanding (MOU) with the Honduran government which stated that it will build an assembly plant in Honduras. This will…
Strong growth in the premium notebooks segment as well as a one-time tax benefit of $975 million can be attributed as the reasons for its surprise performance. On the back of strong demand for desktop and notebooks, HP Inc has reported a better-than-expected quarterly results. HP Inc also named Steve Fieler as its chief financial…
The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…
With the news reaching the market, shares of Japan display have fallen while those of LG Display have surged upwards. As per a report by South Korea’s Electronic Times, Apple Inc has opted to use OLED screens in all of the 3 new iPhone models that it plans on releasing in 2019. With the news…
The raid was in connection to Samsung Securities’ recent fat finger error in which in accidentally issued shares worth 2.8 billion to its own employees. On Monday, South Korean prosecutors raided the head office of Samsung Securities in relation to the brokerage firm’s recent fat finger error. As reported here earlier, Samsung Securities had accidental…
One probable reason for the rejection could be a conflict centering in-app purchases. In a move aimed at protecting its ability to make money from in-app purchases from games on its mobile devices, Apple Inc blocked Steam, a leading online store for downloaded games, from extending its reach into its iPhhones. Steam had wanted to…
Hailed as a model for personal data protection, the GDPR ramps up protection for online privacy for citizens across the European Union. On Friday, new privacy regulations will come effect across the Eurozone. Companies will now have to comply with tougher privacy rights of their customers and provide them ways to better handle and control…
The development is aimed at enabling Toyota to expand its line of next gen emission free vehicles. On Thursday, as part of a strategic move Toyota Motor Corp plans on building a manufacturing plant for hydrogen fuel cell stacks, a key component for next generation fuel cell vehicles. The move is part of a larger…
Tesla has hired Snap Inc’s Stuart Bowers who will now be its vice president of engineering. Electric carmaker Tesla Inc stated it has hired Stuart Bowers, Snap Inc’s vice president of monetization engineering, as its VP of engineering. He will work on Tesla’s Autopilot software and other projects. In recent days, several senior executives have…
Given the impetus and the focus that China has laid on ZTE in the ongoing U.S.-China trade negotiations, is probably indicative of the role played by the Chinese firm in its strategic China 2025 policy. China will also need to come of age in the semiconductor industry if it wants to be at par with…
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