On Friday, Apple Inc’s chip supplier Taiwan Semiconductor Manufacturing Co said, a few of its production lines in southern Taiwan have been hit by a contamination of gases that are used in the chipmaking process. The incident is unlikely to significant impact its operations, said TSMC. In a report, Japanese news agency Nikkei reported, TSMC’s most advanced…
Late on Monday, a South Korean newspaper reported, Samsung Electronics Co Ltd is likely to begin the construction of a planned $17 billion U.S. chip plant during the third quarter of this year and has target to begin operations at the plant in 2024. In a report, the Electronic Times reported citing unnamed industry sources, Samsung…
According to a report from the Wall Street Journal citing sources familiar with the matter at hand, Quibi is in advanced talks to sell its content catalog to video-streaming device maker Roku Inc following the streaming service provider winding down its operations. Los Angeles-based Quibi, which offered entertainment and news in episodes of 10 minutes…
On Monday, in a statement Amazon.com Inc said, it is ramping up its recruitment drive and will be hiring 100,000 more workers – its fourth hiring spree, to keep pace with surging e-commerce demand. The hiring positions will be full time and part time and will be based in its home country as well as…
According to the results of a survey released on Tuesday, companies across the glove are moving their operations online so as to cut expenses related to office space and make recruiting and retaining staff part of their top priorities. The survey by accounting firm KPMG showed, 80% of business leaders had accelerated their digital expansion…
According to sources briefed on the matter at hand, Oracle Corp has had preliminary talks with ByteDance, TikTok’s owner, and was seriously considering purchasing the app’s operations in the United States, Australia, Canada, and New Zealand. Earlier this month, Twitter Inc had expressed an interest to acquire TikTok’s U.S. operation and had approached ByteDance for…
Cruise operator Carnival Corp disclosed, it has launched an investigation into a ransomware attack on one of its brand’s computer network systems. In a regulatory filing, Carnival, which operates AIDA, Carnival and Princess cruises among others, disclosed that through the attack hackers were able to gain access personal data of guests and employees. Carnival Corp…
In a statement, the Federal Communications Commission (FCC) stated, it is mulling options which include the shutting down the U.S. operations of three state-controlled Chinese telecommunications companies, due to potential national security risks. To this end, the FCC has issued show cause orders to China Unicom Americas, China Telecom Americas, and Pacific Networks Corp along…
On Tuesday, Nissan Motor Co stated, it would temporarily shutter its operations, including its global headquarter and other facilities in Japan, through early May. The step is aimed at containing the spread of the coronavirus at its facilities. Nissan Motor said, it would reduce its operations to minimum level at its head office in Yokohama…
In a significant development, several agencies from the U.S. government including the Justice Department called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp’s ability to provide international telecommunications services to and from the United States. China Telecom is the U.S. subsidiary of a People’s Republic of China (PRC) state-owned telecommunications company.…
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