An executive from Huawei Technologies said, the company aims to develop driverless passenger car technology by 2025. The move sees the erstwhile Chinese telecom giant diversifying its business in the face of U.S. sanctions. “Our team’s goal is to reach true driverless passenger cars in 2025,” said Wang Jun, senior executive at Huawei’s smart vehicle…
According to sources familiar with the matter at hand, MKS Instruments Inc, a semiconductor equipment maker, has approached Atotech Ltd, a specialty chemicals group, with an acquisition offer. The potential deal will see MKS expand it’s offerings in chip manufacturing through the addition of Atotech’s plating chemicals. The offer comes a few months after Atotech…
In a statement Amazon Web Services said, it will open data centers in Israel. The announcement comes weeks after Tel Aviv signed a deal with AWS and Google for a more than $1 billion project to provide cloud services for its military and the public sector. Earlier this year in April, AWS and Google won a tender…
In a statement social media giant Facebook Inc said, it expects to reopen all of its U.S. offices by October 2021, with plans to offer flexible work-related options to employees. Also, starting June 15, it was also on track to reopen most of its U.S. offices at 50% capacity by early September and was opening…
The European Union and the United States are seeking to mend the transatlantic relationship that was impeded by tit for tat tariffs surrounding the granting of government subsidy for Airbus and Boeing respectively. According to reports, the EU is now asking the US to pledge an end to their aircraft-related tariffs when representatives of the…
In a significant development, the U.S. Senate voted 68-32 to approve a sweeping legislative package aimed at boosting the country’s ability to compete with China, with the U.S. Congress seeking to take a tough line on Beijing. The bipartisan measure authorizes around $190 billion in provisions to strengthen U.S. technology and research spending; it will…
On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…
In a significant development, a group of 50 investors managing with more than $4.5 trillion in assets in total, have called on companies which are involved in the development and use of facial recognition technology, to do so in an ethical manner. The investor group, led by asset manager Candriam said, given the lack of…
In a tweet, Tesla’s CEO Elon Musk said, production for the company’s longest-range Model S Plaid+ has been canceled. “Plaid+ is canceled. No need, as Plaid is just so good.” tweeted Musk. Tesla had unveiled the Model S Plaid+ in 2020. It would have been the company’s top high-end model with a mile range of…
In a statement US officials said, they are applying more pressure on foreign adversaries and on domestic companies to fight cybercriminals; the Biden Administration is considering all options, including a military ones, to counter the growing threat. The U.S. administration is looking at “all of the options,” to defend the United States against ransomware cyber…
