The growth of the number of users during the pandemic will slowing down in the upcoming quarters, warned the social media company Twitter Inc as the company reported a 27 per cent growth in the number of users which missed estimates of Wall Street. The estimates of the market for its quarterly sales and profit…
According to a report from Nikkei Asia, Apple Inc has entered into a partnership with Taiwan Semiconductor Manufacturing Co, to develop ultra-advanced display technology in Taiwan. Apple plans on equipping micro OLED displays in its upcoming augmented reality devices, said the report citing sources. Apple is working closely with TSMC, the sole supplier of iPhone…
According to a report from Bloomberg News, Tesla Inc’s rival electric-vehicle startup Rivian is likely to go public later this year at a valuation of around $50 billion or more. The startup has the backing of Ford Motor Co and Amazon.com Inc. While Rivian has been in talks with bankers about its plans, its timeline…
On Tuesday, Chinese smart vehicle supplier Shanghai PATEO stated along with General Motors Co’s local venture with SAIC Motor Corp it has filed a joint complaint against Chinese tech giant Tencent to China’s market regulator. In a statement, PATEO said Tencent abused its dominant messaging app’s market position to restrict sales of its products which…
On Tuesday, cryptocurrencies extended their gains with Ethereum and Bitcoin reaching record highs; the development comes in the wake of Tesla investing $1.5 billion in bitcoin. Bitcoin posted its biggest daily percentage gain in more than three years overnight following Tesla Inc’s disclosure of its investment in the bitcoin in its 2020 annual report. On…
A global shortage crucial semiconductors has forced car makers Renault and Stellantis to announce suspension of car production at a number of their factories, the two companies have announced. There has been a shortage of chips used in engine management and driver-assistance systems of cars which has severely hit production of car makers all across…
On Monday, in a report Japan’s the Nikkei business daily said, Mitsubishi Corp is set to enter into an agreement to “provide Amazon.com Inc’s European facilities with renewable energy through its Dutch unit, Eneco”. An offshore wind farm which is being built by Eneco is scheduled to come online in 2023; it will supply 130…
On Monday, Japan’s Renesas Electronics Corp stated, it is in talks to acquire British-based Dialog Semiconductor in a deal that is likely to bolster its automotive chip business and value it around $6 billion. Under the terms of the potential deal, Renesas would pay 67.50 euros a share for Frankfurt-listed Dialog, said Renesas in a…
Only limited protection against mild disease caused by the South African variant of the novel coronavirus was exhibited by the Cvoid-19 vaccine developed by AstraZeneca and the University of Oxford, said a spokesman for the British drug maker. This statement from the firm was issued following a report published in the Financial Times where it…
Nvidia’s $40 billion acquisition of Arm Holdings has been objected by Microsoft-backed Graphcore, according ot reports quoting a crucial member of the British chipmaker’s early development. Graphcore has opposed the deal in a “major submission” to the U.K.’s Competition and Markets Authority, said Hermann Hauser, who had helped to create Arm in 1990, in a…
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