Inventory pileup adds pressure on German chipmaker Infineon Technologies AG’s margins

Given that Infineon’s high-performance power chips have an ubiquitous usage, the chipmaker has a bright future despite small road bumps. On Tuesday, German chipmaker Infineon Technologies AG stated, a slump in demand which had led to increased inventory levels is likely to plateau only this summer; this means that till then its profit margins will…

Facebook approaches settlement with the FTC over consumer data data breach violations

The focus of the FTC’s investigation into Facebook’s data breach was whether the sharing of personal data of 87 million users with British political consulting firm Cambridge Analytica violated its 2011 agreement with the FTC wherein it had pledged to safeguard user’s privacy. As per a report from the Wall Street Journal citing sources familiar…

Microsoft unveils new cloud services, AI and blockchain tools

Software behemoth Microsoft Corp has unveiled artificial intelligence and blockchain driven software tools which can contribute positively for businesses. The unveiling is not limited to just software but hardware as well. It has released a developer edition of its HoloLens 2 headset as well. In a significant development, Microsoft Corp announced the release of a…

Updates to Boeing 787 Dreamliner aligned with U.S. FAA directives

Boeing’s updates to its 787 Dreamliner jet mitigate issues identified by the U.S. Federal Aviation Administration that it has identified as “threat zones”. In a significant development, the U.S. Federal Aviation Administration stated, it was mandating new flight control software and parts to Boeing Co’s 787 Dreamliner in order to address an unsafe operating condition…

Fitbit Inc reports stellar first quarter results

The development underscores a rising demand for affordable wearables among consumers. In a development that signals a welcome break for wearable devices, wearable device maker Fitbit Inc reported better-than expected first-quarter results reaffirming its full-year revenue forecast. The wearable device maker was able to sell more smartwatches and wearable devices that track health at affordable…