According to sources familiar with the matter at hand, MKS Instruments Inc, a semiconductor equipment maker, has approached Atotech Ltd, a specialty chemicals group, with an acquisition offer. The potential deal will see MKS expand it’s offerings in chip manufacturing through the addition of Atotech’s plating chemicals. The offer comes a few months after Atotech…
In a statement Amazon Web Services said, it will open data centers in Israel. The announcement comes weeks after Tel Aviv signed a deal with AWS and Google for a more than $1 billion project to provide cloud services for its military and the public sector. Earlier this year in April, AWS and Google won a tender…
In a significant development, the U.S. Senate voted 68-32 to approve a sweeping legislative package aimed at boosting the country’s ability to compete with China, with the U.S. Congress seeking to take a tough line on Beijing. The bipartisan measure authorizes around $190 billion in provisions to strengthen U.S. technology and research spending; it will…
On Tuesday, a report from the Financial Times states, Nvidia Corp has submitted an application to Chinese competition regulators to review a $40 billion acquisition of UK chip designer Arm. “The application was made in recent weeks and sets in motion a period of scrutiny that could take up to 18 months”, said the report…
In a significant development, a group of 50 investors managing with more than $4.5 trillion in assets in total, have called on companies which are involved in the development and use of facial recognition technology, to do so in an ethical manner. The investor group, led by asset manager Candriam said, given the lack of…
In a statement US officials said, they are applying more pressure on foreign adversaries and on domestic companies to fight cybercriminals; the Biden Administration is considering all options, including a military ones, to counter the growing threat. The U.S. administration is looking at “all of the options,” to defend the United States against ransomware cyber…
In a statement blockchain technology company Blockstream Mining said, Square Inc is set to invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of its sites in the United States. In the announcement on its blog Blockstream said the “facility will be a proof-of-concept for a 100% renewable energy Bitcoin mine at…
Following a network-wide outage at Orange for several hours, France has tasked its cybersecurity watchdog to conduct an audit of the network. In a statement, Orange’s CEO Stephane Richard said, he was launching an internal inquiry into the disruption the results of which would be ready within seven days. In a letter to the head…
The large majority of cryptocurrency firms are not meeting Britain’s anti-money laundering and financing rules, said the country’s financial watchdog warning that an unprecedented number of them have withdrawn applications to register with it. In a statement, the Financial Conduct Authority (FCA) said, it would extend the date of its temporary registrations regime from July…
In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
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