The U.S. ban on selling American technology to Chinese firms, which now has a grace period of 90 days, does not cover patents. Moreover Huawei owns both firms sizeable dues … cutting off business relations could potential mean massive writedowns if not write-offs. In a significant development, patent attorneys of InterDigital Wireless Inc stated, it…
Microsoft aims to hire more than 100 local engineers in order to customize its applications for the African market and create new ones that are customized for the continent. In a significant development, Microsoft Corp stated, it will be investing $100 million in Africa in the next five years, so as to open an Africa…
The new center will focus on Aptiv’s L4 or level 4 technology. On Wednesday, Aptiv, a U.S. auto-parts supplier stated it was opening an autonomous mobility center in Shanghai. The development underscores its push to increase in footprint in the self-driving vehicles market in China. The new center in Shanghai, will be one of Aptiv’s…
Volkswagen is aiming big for the burgeoning electric car market. It is not only retooling 16 of its plants to produce electric cars, it is also pushing its battery partners to to invest heavily in battery cell manufacturing. In a significant development of strategic importance, Volkswagen is pushing its joint venture partners including SK Innovation…
In its annual threat assessment, Netherland’s intelligence agency had warned that China is targeting tech companies in the Netherlands for intellectual property theft, just like it does in other countries. In a significant development, Netherland’s ASML disclosed, it has become a victim of Chinese corporate espionage. Luckily the perpetrators who had stolen information did not…
Lyft’s IPO is on track to be the biggest U.S. technology IPO since Snap Inc’s in 2017. In a significant development, Lyft Inc has kicked off its investor road show ahead of its initial public offering and is chasing a valuation of up to $23 billion as it woos money managers ahead of rival Uber…
Facebook’s 150 personal information sharing contracts with tech companies is now under a grand jury scrutiny. Question is can you ever trust Facebook? As per a report by the New York Times, U.S. federal prosecutors are conducting a criminal probe into data deals that Facebook Inc entered into with some of the world’s largest tech…
