Class action lawsuit filed against Amazon.com over ebook pricing

A class-action lawsuit has been filed accusing Amazon.com Inc of inflating ebook prices in collusion with some publishers. The class action lawsuit alleges that the e-commerce giant along with the five largest U.S. publishers, collectively called the ‘Big Five’, agreed to price restraints that cause consumers to overpay for eBooks purchased from them through a…

Florida security startup Corellium LLC wins lawsuit against Apple

A federal judge has dismissed Apple Inc’s copyright infringement claims against a Florida startup which makes software to help security researchers find vulnerabilities in Apple products, including in its iPhone. U.S. District Judge Rodney Smith ruled in favor of Corellium LLC saying its software which emulates Apple’s iOS operating system that runs iPads and iPhones,…

Apple moves ahead with self-driving car project, targets production by 2024

According to sources familiar with the matter at hand, Apple Inc is moving ahead with plans on self-driving car technology and is targeting to produce a passenger vehicle by 2024. The self driving passenger vehicle could feature its breakthrough battery technology, said sources familiar with the matter at hand. Apple’s automotive efforts, known as Project…

DoD bolsters domestic chip production through incentives

Going by the posting on a government contracting site, the U.S. Defense Department will soon commence soliciting proposals for a program to provide incentives to boost the production of chip in the country. Currently large American chip companies, including Nvidia Corp, Apple Inc, and Qualcomm Inc outsource the fabrication of semiconductors to companies such as…

Intel sells its NAND chip business to South Korea’s SK Hynix for $9 billion

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…

Foxconn aims to capture 10% of global EV market share between 2025-2027

On Friday, Foxconn’s Chairman Liu Young stated, the company aims to capture 10% of the global market share for electric vehicles between 2025-2027; to this end it has entered into talks with multiple carmakers for future cooperation. “We want to push Taiwan’s EV industry to the world,” said Liu Young. Foxconn, a major supplier to…