In a significant development, the U.S. Senate voted 68-32 to approve a sweeping legislative package aimed at boosting the country’s ability to compete with China, with the U.S. Congress seeking to take a tough line on Beijing. The bipartisan measure authorizes around $190 billion in provisions to strengthen U.S. technology and research spending; it will…
In a significant development, a group of 50 investors managing with more than $4.5 trillion in assets in total, have called on companies which are involved in the development and use of facial recognition technology, to do so in an ethical manner. The investor group, led by asset manager Candriam said, given the lack of…
According to four sources with knowledge of the matter at hand, embattled Chinese tech giant Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of semiconductors for the auto sector. In the last 6 months both companies have been collaborating informally on designing…
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.
In a statement Finnish telecoms giant Nokia said it plans on trimming up to 10,000 jobs within the next two years. The cost cutting move is aimed at boosting its research capabilities. In a statement Nokia said, it expects to incur around 600 million euros to 700 million euros in restructuring and associated charges by…
In a statement the Biden Administration announced that the U.S. Department of Energy will “offer $100 million in funding to support low-carbon energy technologies”; it will also create a working group to aid their development and sale. The announcement was made by National Climate Advisor Gina McCarthy at the White House’s first meeting of the…
On Thursday, Finland’s Nokia Oyj stated, it has entered into partnership with Intel to speed up the shift to 5G. The announcement comes a day after a similar deal was made with Marvell Technology. Nokia has struggled to speed up the development of its Reefshark system on chips (SoC), which has been slower-than-expected; Nokia’s Reefshark…
On Tuesday, the White House proposed regulatory principles to govern the development and use of artificial intelligence (AI) aimed at limiting authorities’ “overreach”; it also said, it wants European authorities to follow its lead and avoid aggressive approaches. Producing a fact sheet the White House said, federal agencies should “conduct risk assessment and cost-benefit analyses…
On Thursday, German automotive supplier Robert Bosch stated, it has developed a sensor that allows cars to “see” the road in three-dimensions. The development could potentially lower the cost of technology and speed up the development of self-driving vehicles. In a statement, privately-held Bosch said, its internally-developed lidar sensor, which it will showcase at the…
On Thursday, according to a source with knowledge of the matter at hand, Japan Display Inc, an Apple Inc supplier, is in talks with Ichigo Asset Management, to receive funding for up to $830 million (90 billion yen). In a statement, Japan Display stated, it was “in talks with Ichigo for investment” and plans to…
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