On Monday, in a statement Japan’s SoftBank Group Corp said, Nvidia Corp has agreed to acquire its chip designer Arm for $40 billion in a deal that is potent enough to reshape the global semiconductor industry. The acquisition places a vital supplier of Apple Inc and others under the control of a single player. The…
According to sources familiar with the matter at hand, TikTok’s owner, ByteDance has abandoned the sale of TikTok in the U.S. and is instead pursuing a partnership with Oracle Corp in the hope of avoiding a ban and at the same time appease the Chinese government. The development comes in the wake of U.S. officials…
According to a report from Bloomberg citing sources with knowledge of the matter at hand, property technology startup Opendoor, is holding advanced talks to go public through a merger with blank-check company Social Capital Hedosophia Holdings Corp. The report states, Social Capital is negotiating with prospective investors to raise fresh equity to help fund its…
In a development that marks the setting up of infrastructure for electric vehicles, managers at Tesla demonstrated a new supercharger in a research campus at Berlin saying, they were looking to target more cities to install electric vehicle charging infrastructure to increase the traction of EVs for potential buyers. “Now, as part of our commitment…
France has accused the United States of trying to undermine international negotiations on updating the cross-border taxation regime; Paris has urged the EU to prepare for an EU tax as a fallback option if negotiations fails. Nearly 140 countries are negotiating the first major rewrite of the international tax framework to account for the rise…
Reviewing the ID.3, Volkswagen’s new electric car offering, Germany’s Auto Motor und Sport said, it falls short of the carmaker’s usual standards of fit and finish; also it had a limited operating range. The review comes ahead of the launch of the ID.3 “The inner side of the hood looks like it was painted with…
Portland has voted for the first ever ban on facial recognition in the United States in private entities, including restaurants and retail stores, as well as in public places in the city. Portland’s city council voted to ban local government bureaus from acquiring or using facial recognition surveillance technology. Other U.S. cities which have previously…
In a statement, Volkswagen’s Chief Executive Herbert Diess made it clear that it has currently no plans to develop deeper ties with U.S. rival Tesla Inc. The move is aimed at ending speculation that the world’s largest carmaker, which is on a drive to push for mass production of electric cars, has plans to tie-up…
On Tuesday, in an interesting turn of events, China unveiled its global data security initiative to oppose data theft by using information technology to undermine key infrastructure, and forcing companies to store data generated overseas in their home country. In a statement, China’s State Councillor Wang Yi said, the initiative calls for tech companies to…
In a significant development, Samsung Electronics has won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States. The development marks the bagging of a major order by the South Korean company in the burgeoning 5G telecommunications market. The company’s global prospects have risen significantly following U.S. sanctions on Huawei,…
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