According to a report from South Korean media house IT News, Hyundai Motor and Apple Inc will be signing a partnership deal in the coming weeks on autonomous electric cars. A deal could be on the cards to start their production in the United States sometime in 2024. Earlier last week, another report had said,…
According to two sources familiar with the matter at hand, the U.S. Administration is weighing options to add Tencent and Alibaba to a trade blacklist on the grounds that it is either owned or controlled by the Chinese military. Officials from the Department of Defense who oversee the designations have yet to finalize plans to…
On Friday, in a report Japanese news daily Yomiuri said, Nissan Motor plans on further cutting down its presence in the European car market; it plans on outsourcing the sales and manufacturing of its cars to Renault, its alliance partner. The move, part of its global turnaround plan, essentially reverses former chairman, Carlos Ghosn’s strategy…
In a statement U.S. cybersecurity agency, Cybersecurity and Infrastructure Security Agency (CISA) stated, that the widespread cyber espionage campaign which was made public earlier this month is affecting state and local governments. The hacking campaign exploits vulnerabilities in U.S. tech company SolarWindss products as a springboard to penetrate federal government networks. In a statement, the…
According to two sources briefed on the matter at hand, U.S. lawmakers will back $1.9 billion program to fund a removal of Chinese communication gear that it deems as a threat to national security risks. Lawmakers will also back a $3.2 billion program for an emergency broadband which will benefit low-income Americans, confirmed senior congressional…
In a significant development, Politico has reported citing officials directly familiar with the matter at hand as saying hackers had gained access to computers in the U.S. Energy Department and National Nuclear Security Administration. The National Nuclear Security Administration manages the country’s nuclear weapons stockpile. In a statement it said it had evidence that hackers…
Going by the posting on a government contracting site, the U.S. Defense Department will soon commence soliciting proposals for a program to provide incentives to boost the production of chip in the country. Currently large American chip companies, including Nvidia Corp, Apple Inc, and Qualcomm Inc outsource the fabrication of semiconductors to companies such as…
On Tuesday, Alliance for Automotive Innovation, a major automotive trade association urged U.S. policymakers to back support for electric vehicles (EV), including new incentives to boost up consumer purchases, as well as research and development. U.S. President-elect Joe Biden has made boosting electric vehicles a top priority and has pledged to build 550,000 new EV…
According to sources familiar with the matter at hand, Russian-state backed hackers have been monitoring internal email traffic at the U.S. Commerce and Treasury Departments. The hacks that have so far been uncovered may only be the tip of the iceberg. The gravity of the cyber security can be inferred from the fact that it…
On Tuesday, South Korean investment bank Mirae Asset Daewoo Co Ltd stated, it has won a U.S. lawsuit against China’s Anbang Insurance Group. The development comes in the wake of Mirae Asset affiliates scrapping a $5.8 billion deal to buy 15 U.S. hotels from Anbang, which then had filed a lawsuit against the South Korean…
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