Reports Of $20bn Acquisition Bid From British Fund CVC Confirmed By Japan’s Toshiba

Japanese conglomerate Toshiba has confirmed recent reports of the company being made an offer of about $20bn for an acquisition by a British private equity fund. After confirming the bid by CVC Capital Partners that it got, trading in the stocks of the scandal hit firm was temporarily halted on Tokyo’s stock exchange. According to…

General Motors Co working on technology to slash EV battery costs

In a statement General Motors Co’s President Mark Reuss said, the company is testing a variety of battery chemistry technologies and manufacturing processes aimed at slashing the cost of future electric vehicle batteries and reducing its dependence on such price-sensitive metals including cobalt. While speaking at an investor conference, Reuss said “GM is experimenting with…

SK Hynix nears auto memory chip supply deal with Robert Bosch GmbH

In a report a South Korean newspaper said, SK Hynix Inc, the world’s second-largest memory chip maker, is close to signing a long-term deal to provide automotive memory chips to German auto supplier Robert Bosch GmbH. Both companies are negotiating for a 10 year or more auto memory chip supply chain, reported South Korea’s Maeil…

Alliance for Auto Innovation warns of impact of chip shortage

An auto industry group in the United States has it warned that the shortage in the global semiconductor market is likely to result in 1.28 million fewer vehicles manufactured this year and disrupt production for the coming six months. In a written response to a government-initiated review, the Alliance for Auto Innovation said the U.S.…

Isuzu partners with Silicon Valley self-driving startup on autonomous delivery trucks

On Tuesday, Isuzu North America Corp and silicon Valley self-driving startup Gatik said, they will collaborate to build autonomous delivery trucks which will be used by Gatik to serve its retailer customers. Gatik works with Walmart Inc in Louisiana and Arkansas and with Loblaw Companies Ltd in Canada to deliver goods to stores from warehouses…

Thailand’s Health Minister Says Country’s ‘Principal’ Shot Will Be The AstraZeneca Covid-19 Vaccine

Thailand will consider as its “principal vaccine” against Covid-19 the coronavirus shot developed by AstraZeneca and the University of Oxford with this Asian country trying to reopen and revive its tourism industry which is a crucial one for the country, said the country’s public health minister in an interview to a television channel. There were…

Bank of Japan kicks off feasibility study on issuing its own digital currency

In a significant development sees cryptocurrencies increasingly gaining traction, on Monday the Bank of Japan (BOJ) has started feasibility study of issuing its own digital currency, joining efforts by other central banks that are aiming to match the innovation in the field achieved by the private sector. In a statement the BOJ said, during the…

Data of 500M facebook users being shared online by leaker

A group of hackers are offering data, including phone numbers, on more than 500 million Facebook users, for almost free of charge. The database appears to be the same set of Facebook-linked data that has been circulating in hacker circles since January 2021 and whose existence was first reported by tech publication Motherboard, according to…