In a statement the U.S. Justice Department said, it had seized two Internet domains names which had been used in spear-phishing attacks that mimicked the email communications from the U.S. Agency for International Development. Armed with a court order, the Justice Department seized two command-and-control (C2) and malware distribution domains on May 28. The domain…
In a report, Japan’s Nikkei newspaper said, around 20 Japanese companies, including electronic component maker Ibiden Co, will collaborate with Taiwan Semiconductor Manufacturing Co (TSMC) to develop chip manufacturing technology in Japan. Fifty percent of $337 million (37 billion yen), the cost of the research facility, will be borne by the Japanese government In February,…
On Monday, in a statement Intel Corp said, it could take several years before the global chip shortage is resolved. The issue has resulted in the closure of some auto production lines and is felt in other industries as well, including consumer electronics. During a virtual session at the the Computex trade show in Taipei,…
Rivian Automotive Inc, an electric-truck startup is targeting a valuation of around $70 billion in its potential initial public offering later this year. Earlier this year in January, Amazon.com Inc and Ford Motor Co-backed Rivian had a valuation of $27.6 billion, following a $2.65-billion investment round led by T. Rowe Price. Rivian has hired advisers including…
In a significant development two tech trade groups have filed a lawsuit against Florida over a new legislation that fines social media companies that ban political candidates, saying it violates free speech rights. The lawsuit states that the bill signed into law by Florida Governor Ron DeSantis earlier this week on Monday, was unconstitutional. It…
According to four sources with knowledge of the matter at hand, embattled Chinese tech giant Huawei Technologies is expanding its smart car partnership with state-owned Chongqing Changan Automobile Co Ltd to include the design and development of semiconductors for the auto sector. In the last 6 months both companies have been collaborating informally on designing…
In a development that marks China’s latest attempt to clamp down on speculative trading of cryptocurrency, Beijing has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, warning investors against speculative crypto trading. Under the ban, institutions including banks and online payments channels are disallowed to offer clients any services involving…
In a statement Canadian Trade Minister Mary Ng said, Toronto has reiterated to Washington that it plans on going ahead with a digital services tax; the potential move is likely to impact U.S. tech giants including Facebook and Alphabet Inc’s Google. Ng made the remarks in bilateral talks with U.S. Trade Representative Katherine Tai, who has…
On Tuesday, Estonian start-up Bolt launched electric scooter services in nine German cities saying it was its biggest and most challenging rollout to date. Bolt will offer rides for as little as $0.06 (0.05 euros) per minute with no unlocking fees, in a market that sees peers charging typically 1 euro per trip plus 15-25…
Late on Monday, a South Korean newspaper reported, Samsung Electronics Co Ltd is likely to begin the construction of a planned $17 billion U.S. chip plant during the third quarter of this year and has target to begin operations at the plant in 2024. In a report, the Electronic Times reported citing unnamed industry sources, Samsung…
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