Volkswagen Group & Porsche could enter Formula One racing: BBC

According to a report from the BBC, the Volkswagen Group along with Porsche, are weighing options to enter Formula One provided the next engine regulations, which are scheduled to be introduced in 2025, promote sustainable fuels. Porsche Motorsport’s vice-president Fritz Enzinger has been quoted as saying, it would be “of great interest if aspects of…

U.S. industry groups push back proposed changes to U.S. export control regulations

Industry groups are pushing back proposed changes to U.S. export controls regulations which are aimed at curbing the sale of high technology chips to Chinese companies, highlighting the role played by chips in addressing the COVID-19 pandemic. Nine industry groups have urged U.S. Commerce Secretary Wilbur Ross to allow public comments before allowing the rules…

U.S. mulls changes to Foreign Direct Product Rule to cut off Huawei from global chip supply chain

According to two sources familiar with the matter at hand, the Trump administration is mulling options, which includes changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC, the world’s largest contract chipmaker. These are among the many proposal the U.S. Administration is looking at…

Vodafone Group PLC exits Facebook’s Libra crypto currency project

In a statement, Facebook’s Libra Association said, Britain’s Vodafone Group PLC has left its global digital currency initiative. In recent months, Facebook’s digital currency has seen an exodus of its backers midst increased regulatory scrutiny, including financial companies such as Mastercard Inc and Paypal Holdings Inc. In June 2019, Facebook had announced a plan to…

White House unveils regulatory principles that will govern usage of AI

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…

Facebook ramps up its rules for U.S. political advertisers ahead of U.S. presidential elections

With social media increasingly playing a pivotal role during elections, Facebook is ramping up efforts to uncloak U.S. political advertisers. Ahead of the U.S. president elections in November 2020, Facebook Inc has begun tightening its political ad rules in the United States, said the social media giant on Wednesday. The new disclosures rules are applicable…

U.S. bound 5G equipment should be made outside China: U.S.

The Trump administration is exploring rules that will require all 5G cellular equipment destined for the United States to be designed and manufactured outside of China. According to a report from the Wall Street Journal, U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed…

TSMC’s semiconductor shipments to Huawei not affected by U.S ban

TSMC, formally known as Taiwan Semiconductor Manufacturing Co Ltd, is the world’s biggest contract chip manufacturer. On Thursday, TSMC, the world’s biggest contract chipmaker, stated, its shipments to Huawei Technologies Co Ltd have not been affected by U.S. regulatory trade action against the Chinese telecom maker. These comments was made by TSMC’s spokeswoman Elizabeth Sun…