TSMC will prioritize auto chips if possible

On Monday, in a statement Taiwan Semiconductor Manufacturing Co Ltd (TSMC) stated, it will prioritize production of auto chips if it is able to further boost production, said Taiwan’s Economics Ministry after Minister Wang Mei-hua spoke to senior company executives. On Sunday, TSMC had told the ministry that they will “optimise” the production process of…

Airbus unveils technology demonstrator ‘blended wing body’ aircraft

On Tuesday, Airbus SE unveiled its latest concept “blended wing body” design aircraft that could slash carbon emission by as much as 20%. Since 2019, Airbus has been carrying out flight tests of the 10.5 feet (3.2-metre-wide) technology demonstrator, code-named Maveric, at a secret location in central France. The “blended wing body” design has been…

Wal-Mart acquisition of Mexican Cornershop for $225 million to spur app-based food delivery services

The strategic acquisition has multiple sweet spots: not only it places Wal-Mart on a better footing in its competition with its peer – Amazon.com Inc, it will also provide Wal-Mart crucial learning experience which it can use in other markets. In a move that will enable Walmart Inc to increase its footprint in Chile and…

Artificial intelligence are making Europe’s electrical grid more efficient

Roland Berger, a consultancy firm, says, the adoption of AI by utilities are heralding a new age of leaner, more efficient distribution and load bearing systems. According to Roland Berger, a consultancy firm, if utilities were to adopt artificial intelligence, which could predict demand swings on the usage of power, for example, they could significantly…