According to a source familiar with the matter at hand, Hyundai Motor Group has agreed to acquire a 80% stake in Boston Dynamics from SoftBank Group in a deal worth around $736 million to $828 million (800 billion to 900 billion won). The development assumes significance since Hyundai can leverage the technology to expand automation…
In a significant development, Samsung Electronics has won a $6.64 billion order to provide wireless communication solutions to Verizon in the United States. The development marks the bagging of a major order by the South Korean company in the burgeoning 5G telecommunications market. The company’s global prospects have risen significantly following U.S. sanctions on Huawei,…
In a statement, the European Commission said, it is investigating how Facebook collects and monetizes its data. The development signals the opening of a second front, on top of an existing investigation, into Facebook’s marketplace. As part of preliminary investigations into both Facebook and Google, the EU executive said, it had sent out questionnaires to…
Speculation is rife that China could use its dominant position as an exporter of rare earths to the U.S. as leverage in the ongoing trade war. On Thursday, China’s commerce ministry stated, Beijing is willing to meet reasonable demand for rare earths from countries, but it would not be acceptable that those countries who use…
Siemens beat Huawei in the number of patent applications filed with the European Patent Office in 2018. On Tuesday, in a statement the European Patent Office stated, Germany’s top industrial group Siemens had filed the maximum number of patent applications in Europe in 2018. Siemens was followed by China’s Huawei. In 2017, the Chinese telecom…
Their framework focuses on ways risks from crypto-asset markets could potentially spread to other parts of the global financial system. On Monday, global regulators published a framework for “vigilantly” monitoring risks from crypto-assets including ether and bitcoins. This is despite the fact that crypto-assets don’t pose any significant risk to financial stability, for now. The…
The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
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