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.…
In a significant development that underscores a growing trend of companies leaving China and relocating to neighboring countries, Samsung Electronics Co Ltd stated, it has stopped the production of mobile telephones in China. The permanent shuttering of Samsung’s last China phone factory comes in the wake of it cutting production volumes at its plant in…
In a statement, Walt Disney Co said, its streaming service Disney+ has had a massive fan following and has registered 50 million paid consumers, with 8 million alone coming from India where the video streaming service was rolled out just a week back. As of this last quarter’s report, Netflix Inc reported a subscriber base…
According to two German Government sources, the German foreign ministry has imposed restrictions on the usage of Zoom video conferencing services to fixed-connection computers following security security concerns. According to a source, the decision is aimed at curbing the usage of Zoom on mobile devices; he went on to add, since the app does not…
On Wednesday, Taiwanese electronics manufacturing giant Foxconn stated, it will partner with U.S. firm Medtronic Plc to manufacture ventilators to help patients afflicted by the Wuhan coronavirus outbreak. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn is best known for assembling Apple’s iPhones at factories in China. Foxconn’s statement, released through the company’s…
On Tuesday, in a statement the Ifo institute said, German industrial output is likely to touch a new low in the coming three months, even as its index for production expectations saw its biggest drop since the survey was first conducted in 1991. In March, the index dropped to -20.8 points from 2.0. “We are…
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…
In a statement, Honda Motor Co and Fiat Chrysler Automobiles NV said, they are hoping to restart auto production at their U.S. and Canadian facilities in May. Honda Motor which had halted auto production on March 23, 2020 said, it will extend the production halt through May 1. Fiat Chrysler said, it “intends to progressively…
In a video posted on Tesla’s YouTube channel, Tesla’s engineers have showcased a prototype for a ventilator. Tesla is gearing to produce thousands of ventilators to help hospitals around the country who have been overwhelmed by the Wuhan coronavirus outbreak. According to one of the engineers, the design relives heavily on Tesla car parts. This…
In an exclusive news bulletin, Sky News has revealed that Imagination, which makes graphics processing units (GPUs) for customers including Samsung and Apple and is one of the UK’s most important technology companies, is scheduled to have an emergency board meeting next week in order to discuss the appointment of four representatives of China Reform…
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