Late on Wednesday, Tesla Motor’s CEO, Elon Musk announced that the company will build its $1.1 billion Cybertruck factory near Austin, Texas. Tesla’s 2,000 acre site on the Colorado River is around 13 minutes away from downtown Austin, said Musk in a second quarter earnings call. “It’s going to be an ecological paradise … open…

Bloomberg News has reported citing sources familiar with the matter at hand as saying, SoftBank owned Arm Holdings Ltd is drawing takeover interest from Nvidia Corp. Neither SoftBank nor Nvidia immediately responded to requests for comment. Arm declined comment. According to a report from the Wall Street Journal, SoftBank, which acquired Arm Holdings Ltd in…

On Wednesday, in a significant development, the Environmental Protection Agency (EPA) is likely to announce the first proposed U.S. emissions standards for commercial aircraft. The development comes in the wake of the U.N. International Civil Aviation Organization (ICAO) in 2016 agreeing on a global airplane emissions standards aimed at all airplane makers including Airbus SE…

In a significant development that underscores systemic issues that the Trump Administration is addressing with regard to it relations with China, the U.S. Justice Department has indicted two Chinese nationals over their role in the decade-long cyber espionage campaign that Beijing has been running while targeting commercial and defense companies. In the current charge, U.S.…

According to an official from China’s solar industry association, the country has produced 59 gigawatts (GW) worth of solar panels during the first half of the year, with production going up by 15.7% from a year ago. The Wuhan coronavirus appears to not have affected the sector in China. In an online briefing, Wang Bohua,…

In a statement, self-driving startup Aurora said, it is expanding the testing and development of its autonomous vehicles to Dallas-Fort Worth Area in Texas. Aurora is already testing its vehicles in the San Francisco Bay Area and Pittsburgh. It will test its fleet of Pacificas and Class 8 trucks in Texas. In June 2019, Aurora…

On Monday, Austrian chipmaker AT&S stated, it plans on investing up to $137 million (120 million euros) across four years to boost its technology and manufacturing prowess in its home location. AT&S capex plans includes sinking on at least 100 million euros on new machineries and processing equipment; it has also allocated 20 million euros…

In a significant development, Britain has asked Japan to help build its 5G wireless networks using components from China’s Huawei Technologies, said a report Japanese news daily, the Nikkei. According to the report, Britain has named Fujitsu Ltd and NEC Corp as potential alternatives to Huawei. Officials of both countries have had a meeting last…

Netflix Inc has elevated its content manager, Ted Sarandos, to the position of co-CEO making the 20 year veteran a clear successor to co-founder Reed Hastings. The development comes in the wake of Netflix’s forecast that the growth rate of subscription is likely to slow down during the third quarter, sending its shares tumbling by…