A part of its memory chip business will be sold by the United States chipmaker Intel to the South Korean tech company SK Hynix in a deal worth $9 billion. Following the completion of the deal, SK Hynix’s manufacturing capacity is slated to increase and make it the second biggest flash memory chipmaker of the…
There has been a spurt in sale of condoms for the market leader Durex after the lifting of the national lockdown indicating a spur in a summer of love. Over the summer months, when lifting of lockdown and other restrictions imposed because of the novel coronavirus pandemic enabled people to rekindle their sex lives, there…
In a breaking development, U.S. tech giant Microsoft Corp stated, it had disabled by more than 90%, machines that were used by a gang of Russian-speaking cyber criminals to control a massive network of computers which had the potential to disrupt the 2020 U.S. Presidential election. The development was aided by a series of U.S. court…
In a significant development, the U.S. government has stepped up efforts to keep China’s Huawei Technologies at bay from Brazil’s 5G market, with Washington offering Brasilia offers to finance the purchase of 5G telecom equipment from Huawei’s competitors. During a visit to Brasilia, officials of the U.S. International Development Finance Corporation (DFC), the National Security…
On Tuesday, in a significant development, Swedish regulators have banned China’s Huawei and ZTE from developing its 5G network ahead of the launch of its spectrum auction, scheduled for next month. The decision by the Swedish Post and Telecom Authority (PTS) follows assessments by the by the Swedish Armed Forces and security service. Following widespread concerns,…
In a significant development, Intel Corp has agreed to sell its NAND memory chip business to South Korea’s SK Hynix Inc for $9 billion. The all-cash deal will propel the South Korean chipmaker to the second spot in global rankings. The development marks Intel’s efforts to divest its non-core businesse and move away from the volatile commodity…
Concession in its $2.1 billion acquisition of Fitbit will be given by Alphabet’s Google with the aim of appeasing the antitrust regulators of the European Union and ally its concerns, claimed a report published by Reuters citing information from sources familiar with the . According to sources, with these concessions, the deal is well set…
An investment of more than $150 million will be made by United States based Uber Technologies in a joint venture and partnership with the South Korean firm SK Telecom Co Ltd. This move is viewed by analysts as a part of the US firm’s strategy of expanding into the South Korean market where its growth…
The total hit to Hyundai Motor and affiliate Kia Motors because of the quality issue that has been going on for years now, which has also tarnished its image and credibility, has now touched almost $5 billion as the copany now has issued a warning of another $2.9 billion of provisions related to engine issues.…
NASA has said that it would be putting up a 4G network on the moon. Contracts for building the network worth $370 million have been handed over by NASA to more than a dozen companies who are tasked with deploying the 4G technology on the lunar surface as the United States space agency steps up…
business-gurus.com 