One of the primary reasons why Japan could be impacted by the ban on Huawei is intertwined supply chains. On Friday, Japan’s Finance Minister Taro Aso stated, the U.S bid to block Huawei Technologies from purchasing American technology is likely to impact Japanese companies and weign on the country’s economic growth prospects. “There are Japanese…
The operations of Norsk Hydro, one of world’s biggest producers of aluminum, have been affected. On Tuesday, Norsk Hydro, one of the world’s biggest producers of aluminum, stated it was subject to a sustained cyber attack that affected its operations. The development sent its shares plummeting downwards, “IT-systems in most business areas are impacted and…
Along with the launch of its Kunpeng 920 chipset, Huawei has launched servers which will house the Kunpeng 920 chip. Incidentally, Huawei has a long term partnership with Intel. On Monday, in a significant development, China’s Huawei Technologies Co Ltd launched new server chips that is aimed at reducing its imports and reliance on U.S.…
The strategic move can potentially benefit both Apple and Foxconn as it can significantly diminish the impact of the U.S.-China trade war, as well as take advantage reduced import duties. According to a source familiar with the matter at hand, Apple Inc will begin assembling its high-end iPhones in India through a local unit of…
The Government Communications Security Bureau has effectively banned Huawei Technologies Co Ltd’s 5G equipment from New Zealand citing significant risks to national security. On Wednesday, Spark New Zealand stated, the Government Communications Security Bureau has declined its proposal to use Huawei Technologies Co Ltd’s 5G equipment citing significant risks to national security. This decision effectively…
The move, is likely to significantly boost competition against Amazon’s competitors such as Walmart Inc and Target Corp. On Monday, in an effort to surge past the competition from rivals, including Walmart inc, Amazon.com stated it would offer free shipping with no purchase minimum for this holiday shopping season. Amazon’s U.S.-only promotion, effective from November…
Facebook is in the process of investigating the extent and scope of the security breach. Facebook Inc has disclosed it is in the process of investigating whether a possible security breach, that was revealed last week, had impacted users of Workplace, its corporate chat app. With the reaching the market, Facebook’s shares were down by…
Despite the outbreak, which has caused shipment delays, TSMC has maintained its single digit growth forecast. Taiwan Semiconductor Manufacturing Company Ltd, the world’s largest contract chipmaker stated as a result of computer virus outbreak in its systems, its third-quarter results have been affected. TSMC, a major supplier for Apple Inc, stated the virus infected a…
A portion of the investment will be raised in China. On Wednesday, Bloomberg reported citing a source, Tesla Inc plans on investing $5 billion for its new plant in China. Tesla plans on raising funds in China for a portion of the investment, said Bloomberg.
With companies racing to place their autonomous automated smart vehicles on the U.S. market from 2019, this funding program aims to assess the impact, including the feasibility, safety and potential job losses, these technologies will bring about for commercial autonomous vehicles. In a significant development, a U.S. spending bill includes a $100 million for a…
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