On Monday, Foxconn’s shares surged by 3.6% following a statement from Vietnamese conglomerate Vingroup saying its car unit was in early stage talks with the company to collaborate on the development of batteries and electric car parts. Foxconn has proposed acquiring EV production lines owned by the unit VinFast.
Portland has voted for the first ever ban on facial recognition in the United States in private entities, including restaurants and retail stores, as well as in public places in the city. Portland’s city council voted to ban local government bureaus from acquiring or using facial recognition surveillance technology. Other U.S. cities which have previously…
According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…
While in July Dell had stated it would come back with an IPO, acquiring VMWare’s tracking stock is a competing priority. In a significant development, Dell Technologies Inc has confirmed that it has met with a few investment banks to explore an initial public offering (IPO); this plan will kick in only if its plan…
Although the U.S. action could result in a tit-for-tat trade war, its biggest impact would be the breakdown of supply chain of multinational giants, including Apple Inc and General Motors Co. The presidential memorandum signed by U.S. President Donald Trump, which targets up to $60 billion in Chinese goods, is the start of a long…
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