Microsoft has demanded that Foxconn pay patent royalties in its latest lawsuit. On Tuesday, Foxconn’s CEO Terry Gou stated, it does not expect to suffer any loss as a result of a lawsuit filed by Microsoft Corp. In its lawsuit, Microsoft has stated, Foxconn has not paid its patent royalties. At a press conference in…
Following Blythe Masters’ stepping down as Digital Asset’s CEO, AG Gangadhar, the startup’s chairman will serve as its acting CEO while it locates a new chief executive. Digital Asset, a blockchain startup stated, Blythe Masters, its chief executive officer who is one of the most prominent backers of the distributed ledger technology on Wall Street…
The development underscores VW’s near-long term strategy post 2020. Volkswagen’s Chief Executive Herbert Diess told Automotive News, the carmaker is likely to build up to 50 million electric cars on its new electric vehicle platform. VW is also looking to expand its manufacturing footprint in the United States. “We set up the plant in Chattanooga…
Although Elon Musk, Tesla’s visionary CEO has claimed to be the “Nothing of Tesla”, the company’s investor page has him as the CEO. Elon Musk, Tesla’s visionary Chief Executive Officer took to Twitter on Monday, saying he has deleted his titles from the company, without giving further details. “Deleted my Tesla titles last week to…
The demand which incidentally underscores the wide gap between Viacom’s price expectations and CBS Corp’s offer price indicates that both companies have made little progress in talks. The synergies however have potential since it would position the combined company to better leverage its asset swhile negotiating with U.S. cable and satellite companies. As per sources…
The agreement, spanning several years, covers areas of technology related to RF Front-End components. Qualcomm Technologies Inc stated it has signed memorandums of understanding (MOU) for sales worth at least $2 billion with Xiaomi Communications, Lenovo Group, Vivo Communication Technology and the Guangdong OPPO Mobile Telecommunications Corp. On Thursday, the U.S. chipmaker disclosed that the…
The Vector Institute’s governing board includes Google, Uber and many of Canada’s largest banks. The institute is being set up as a global hub for artificial intelligence. The Vector Institute, which the Canadian government set up earlier this year in a bid to help establish Toronto as a global hub in artificial intelligence with more…
This appointment is effective from August 1. With General Electric’s Chief Executive, Jeff Immelt, 61, retiring the company has selected John Flannery, who currently heads GE’s healthcare unit, as his replacement. Flannery will become GE’s CEO and chairman from August 1. With the news hitting the market, the company’s shares rose by 3.6% in premarket…
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