In a ruling, a U.S. trade judge found that Alphabet Inc’s Google had infringed on five of Sonos Inc’s patents revolving around smart speakers and related technology. The decision has the potential to lead to an import ban. The ruling by Charles Bullock, the chief administrative law judge of the U.S. International Trade Commission did not…
A U.S. jury has awarded Optis Wireless Technology LLC and several related companies $300 million in damages in a second patent trial against Apple Inc. Previously, the jury had found that Apple had infringed on five Optis wireless standard essential patents and had awarded $506 million in damages; however the U.S. District Judge Rodney Gilstrap…
In a statement U.S. Trade Representative Katherine Tai and South Korean Trade Minister Yeo Han-koo said, the two discussed supply chain resiliency, climate change and reforming the World Trade Organization. In a virtual meeting, both officials “agreed on the importance of a strong U.S.-Korea bilateral trade relationship and committed to maintaining an open dialogue moving…
In a statement, Illinois, Senator Dick Durbin said, Samsung SDI Co Ltd plans on building a battery plant in central Illinois. Electric-vehicle startup Rivian has a factory in Normal, Illinois. In April it said Samsung SDI would supply battery cells for its vehicles. “We are competing for a major Samsung battery facility. The delegation came in…
Chinese search engine giant Baidu beat Wall Street estimates for its latest completed quarter as the company’s financials were driven up by a rebound in advertising sales and stronger demand for the artificial intelligence and cloud products offered by the company. The current Chief Financial Officer (CFO) of the company, Herman Yu, has been appointed…
China’s Geely Holding-owned Volvo Cars will temporarily stop production at its Swedish plant in Gothenburg because of a shortage of semiconductors. A global crunch of chips has hit carmakers hard, with many forced to cut down on production. Electronic device makers are also struggling to keep up with a pandemic-led demand for gaming consoles, phones,…
In a statement the U.S. Securities and Exchange Commission said, Poloniex has agreed to settle its charges of running an unlicensed cryptocurrency exchange for around $10.4 million. The terms of the settlement includes Poloniex agreeing to settle without admitting or denying the charges. Launched in 2014, Poloniex was acquired by Circle in 2018, which incidentally…
During a call with analysts, the CEO of cinema operator AMC Entertainment said, by the end of 2021, it will have technology in place to receive payments in bitcoin for the purchase of movie tickets and concessions.
PepsiCo Inc signaled its intentions to further simplify its product range and shift away from high-sugar drinks through the selling of its Tropicana and other juice brands in North America in a deal worth $3.3 billion to the French private equity firm PAI Partners, the beverage giant said on Tuesday. The orange juice maker had…
In a statement Veoneer Inc said, it would start acquisitions negotiations with chipmaker Qualcomm Inc after its offer for the Swedish auto parts maker topped a rival bid by Magna International Inc. Qualcomm’s offer could “reasonably be expected to result in a ‘Superior Proposal’, as defined under the terms of Veoneer’s merger agreement with Magna,”…
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