On Wednesday, in a statement Zoom Video Communications Inc stated, it would expand its footprint in Singapore by opening a research and development centre; it also plans on hiring hundreds of engineers for its new office premise. Zoom also plans on doubling its data centre capacity in Singapore. It launched its first data centre in…
According to two sources with direct knowledge of the matter at hand, Chinese electric vehicle (EV) maker Xpeng XPEV has increased the size of its U.S initial public offering (IPO) to around $1.49 billion. “The company will price its shares at $15 each, after initially indicating they would be sold for $11 to $13 when…
In the latest U.S. move that strategically targets Huawei, the U.S. government is targeting the Chinese company’s HiSilicon chip business, which is key to Chinese ambition of dominating the semiconductor sector. With the latest U.S. strategic move, Huawei is set to lose access to chip making tools. In what could be the most damaging move…
According to two officials from the U.S. Commerce Department, U.S. regulators are open to introducing changes that will plug, as what some see, a loophole in a new rule aimed at curbing the sale of global chip supplies to blacklisted China’s telecoms equipment maker Huawei Technologies Ltd. The new rule, introduced last Friday by the…
Going by the results of an early data released by Moderna Inc’s experimental COVID-19 vaccine, which was the first to be tested in the United States, the vaccine produced protective antibodies in a small group of healthy volunteers, said the biotech company. The data comes after a small study on 8 people were done in…
On Monday, as per a report from Japan’s news daily the Nikkei which cites multiple sources familiar with the matter at hand, the world’s biggest chip maker, Taiwan Semiconductor Manufacturing Co Ltd, has stopped taking new orders from Huawei Technologies following Washington’s move aimed at further cutting off supplies to the Chinese company. Huawei’s orders…
On Saturday, the United States and Japan agreed to start a dialogue on economic security which includes 5G mobile networks as well as the export of civilian technology that also has military use, reported Japan’s Yomiuri newspaper. On Friday, the U.S. administration moved to block the global supply of chips to Chinese 5G equipment giant…
On Friday, Taiwan Semiconductor Manufacturing Co Ltd announced it will build a $12 billion chip factory in Arizona with the company saying it reflects a “strong partnership” with the U.S. government. The development coincides with the Trump Administration’s efforts to bring in more manufacturing activity to the United States. The chip factory will create 1,600…
On Wednesday, the venture arm of U.S. chipmaker Intel Corp, Intel Capital stated it has invested in two Chinese startups in the semiconductor sector. The fresh investments comes at a time when there is heightened tensions between Washington and Beijing over chip manufacturing. One of the Chinese startups, Intel Capital has invested is ProPlus. It…
May 10, 2020 – On Sunday, the Wall Street Journal reported, the Trump’s administration is holding talks with semiconductor companies on building chip factories in the United States. As per the WSJ report, which cites sources familiar with the matter at hand, the Trump administration is in talks with Intel Corp and Taiwan Semiconductor Manufacturing…
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