According to sources familiar with the matter at hand, Google is set to enter into a supply agreement with Samsung Electronics Co Ltd for 5G modem for its next Pixel flagship. The development marks the South Korean company’s first entry into the U.S. market which is dominated by Qualcomm Inc. Earlier this month, Google disclosed that…
In a statement, Volkswagen’s sports car unit Porsche AG said it is setting up a joint venture with Customcells to produce high-performance batteries which purportedly will significantly decrease battery charging times. The statement mentions that the partnership with Customcells, a company which specializes in producing lithium-ion cells, is aimed at producing car batteries with higher energy…
On Monday, in a statement Intel Corp said, it could take several years before the global chip shortage is resolved. The issue has resulted in the closure of some auto production lines and is felt in other industries as well, including consumer electronics. During a virtual session at the the Computex trade show in Taipei,…
In a statement French insurer Axa said one of its businesses in Asia was hit by a ransomware attack. It is now investigating the cyber incident. Hackers were able to access some of its data in Thailand. The cyber attack on its Asia Assistance division impacted IT operations in Thailand, Hong Kong, Malaysia, and in…
With India taking legal resolute measures to fight China’s harvesting of consumer data through apps and promptly banning those which do not comply to its security standards, China is starting to feel the pinch of loss of business and has opposed New Delhi’s move. The development comes in the wake of China making belligerent claims…
In an interview, Tomer Weingarten, the CEO of SentinelOne said, the startup has raised $267 million from venture capital backers including Sequoia and Tiger Global, and saw its valuation jump to more than $3 billion – nearly three times its valuation in February 2020. The startup uses artificial intelligence technology to protect mobile phones and…
In a response to a tweet, Tesla Inc’s CEO Elon Musk suggested that the carmaker is likely to foray into the Indian car market next year. Maharastra, India’s richest state, had invited the U.S. electric carmaker to invest in the country. In a tweet on Thursday, the state’s tourism and environment minister Aaditya Thackeray said,…
In a statement electric vehicle startup Faraday Future’s Chief Executive Carsten Breitfeld said, it is aiming to go public through a reverse merger with a special-purchase acquisition company (SPAC). “We are working on such a deal … and will be able to announce something hopefully quite soon,” said Carsten Breitfeld of the potential SPAC deal.…
On Tuesday, a senior executive from Airbus SE stated, the airplane maker is confident of selling more than 1,000 A321XLR aircraft over the next 10 years. The Airbus A321XLR aircraft has a longer range than the single-aisle A321neo. Francois Caudron, Head of Marketing at Airbus said, the forecast includes a mix of new orders and…
A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…
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