Tesla’s CEO Elon Musk has been quoted by the Telegraph as saying, he is concerned over Nvidia Corp’s planned acquisition of British chip designer Arm since it could impact competition. Telegraph’s report also mentions that Amazon.com Inc and Samsung Electronics Co Ltd have also raised opposition to the deal with U.S. authorities. Earlier this year, the US FTC…
While the U.S. House of Representatives Judiciary Committee has voted to approve a bill to give antitrust enforcers more funds but it has yet to vote on four bills aimed at reining-in Big Tech. U.S. Representative Jerrold Nadler, the Democratic chairman of the Judiciary Committee, termed the bills as a “historic package of bipartisan legislation”…
Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…
On Monday, in a statement Deliveroo said, it plans to sell around new shares worth $1.39 billion (1 billion pounds) in its upcoming initial public offering (IPO), in what is expected to be the biggest London listing in more than seven years. The British food delivery company, which has the backing of Amazon.com Inc, said…
On Thursday, Amazon.com Inc said, it will open its first brick-and-mortar store in Britain, its first physical store outside the United States. The cashierless store, dubbed “Amazon Fresh,” will be located in the London Borough of Ealing and will carry a private UK food brand it’s calling “by Amazon”. Customers who shop at this store…
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 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…
In a development that underscores Amazon.com Inc’s push towards reducing its carbon footprint, the world’s biggest e-commerce retailer has ordered more than 1,000 truck engines that run on compressed natural gas, marking its latest shift away from heavy polluting trucks. In 2020, as a result of the coronavirus induced pandemic, there has been a surge…
According to data, sales of semiconductors around the world has risen by 6.5% overall in 2020, with economic recovery during the last three months of the year helping to offset a sharp dropoff in March and April, when coronavirus-induced pandemic stay at home orders were issued by countries across the globe. The global sales of…
Starting from April, Amazon.com Inc is set to raise fees by 3% for Spanish companies that use its platform. The development comes in the wake of the Spanish government imposing a digital tax on large tech companies. Confirming the so-called Google tax, a spokesman for Amazon said, after Spain begun charging a digital tax on…
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