With an increase in military threat from China in recent months, Taiwan plans to spend $1.44 billion on procurement of new fighter jets to bolster its armed forces even as the island announced a more modest speed of increase in defence spending for next year on Thursday. In recent months, military activity near Taiwan has…
The increase in corporate and investment banking activity in the Indian market, as it rebounds from the Covid-19 pandemic hit, has caught the attention of Barclays prompting it to announce an investment of more than $400 million into its business arm in the country so that it can tap into the opportunity. This also marks…
According to sources familiar with the matter at hand, Google is set to enter into a supply agreement with Samsung Electronics Co Ltd for 5G modem for its next Pixel flagship. The development marks the South Korean company’s first entry into the U.S. market which is dominated by Qualcomm Inc. Earlier this month, Google disclosed that…
According to a source familiar with the matter at hand, Western Digital Corp is in advanced talks for a potential $20 billion stock merger with Japanese chipmaker and partner Kioxia Holdings Corp. The talks could potentially conclude in an agreement as early as mid-September in the event of which David Goeckeler, Western Digital’s CEO would…
According to two sources familiar with the matter at hand, the Biden Administration has approved license applications worth hundreds of millions of dollars for blacklisted telecom company Huawei to buy chips for its growing auto component business. While the Trump Administration had imposed trade restrictions on the Chinese company following non-compliance of US sanctions, the…
According to two people familiar with the matter at hand, the U.S. Department of Energy is closing in on a deal to purchase a supercomputer made with chips from Nvidia Corp and Advanced Micro Devices Inc even as a key lab waits for a larger supercomputer from Intel Corp that has seen delays for months.…
On Wednesday, a parliamentary committee in South Korea voted to recommend amending a law – a key step in banning Google and Apple from forcibly charging software developers commissions on in-app purchases. The development marks the first such step by a major economy. The amendment will come to a final vote in parliament. Both US…
In a statement Group14 Technologies said, it has entered into a battery materials supply agreement with Europe’s InoBat under a partnership to manufacture high-energy density cells for electric vehicles. Demand for high-capacity, lithium-silicon batteries has increased as manufacturers shift to electric vehicles to tap a rapid transition to cleaner sources of energy. InoBat, established in…
In a statement Facebook’s Instagram said, it will launch advertising on its Shop feature globally, in an aim to earn money from brands. Instagram Shop is a tab on the photo and video sharing app that lets users browse items such as clothes and beauty products and even purchase the items directly from within the…
In a statement McDonald’s Corp said, it is promoting its U.S. marketing chief in an attempt to increase traction with younger customers through digital sales. McDonald’s Corp has promoted Morgan Flatley, who helped launch McDonald’s “Famous Orders” campaign with pop stars including South Korean boy band BTS and rapper Saweetie, will now become its global…
business-gurus.com 