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 first ever country to adopt bitcoin as legal tender is now El Salvador. A proposal aimed at making bitcoin to be used as legal tender in the country alongside the US dollar was approved by a majority of lawmakers of the country. The proposal was made by Salvadorian President Nayib Bukele. The law states…
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…
A new privacy function called “private relay” which can help to hide users’ web browsing behaviour from Apple, internet providers and advertisers, was among the host of new privacy protections that were unveiled by apple Inc. at its recently held annual conference for software developers. There has been pressure on Apple to reduce down the…
With the widening of 5G networks and the industry leader Huawei Technologies of China now focused on its domestic market, Samsung Electronics is depending on its business opportunities of Europe for maintaining its growth momentum of its network equipment business, according to a senior executive of the South Korean company. According to market research firm…
The buy-now-pay-later business model of Klarna is not only cheaper for consumers compared to the credit cards but also is useful for preventing consumers from falling into a debt trap, said the chief of the company. Since his company does not charge interest or late payment fees, therefore consumers are better off dealing with the…
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…
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