Biden Administration approves Huawei to buy auto chips

According to two sources familiar with the matter at hand, the Biden Administration has approved license applications worth hundreds of millions of dollars for blacklisted telecom company Huawei to buy chips for its growing auto component business. While the Trump Administration had imposed trade restrictions on the Chinese company following non-compliance of US sanctions, the…

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Samsung SDI considering options to build EV battery plant in Illinois: Senator Dick Durbin

In a statement, Illinois, Senator Dick Durbin said, Samsung SDI Co Ltd plans on building a battery plant in central Illinois. Electric-vehicle startup Rivian has a factory in Normal, Illinois. In April it said Samsung SDI would supply battery cells for its vehicles. “We are competing for a major Samsung battery facility. The delegation came in…

37 US States sue Google over extravagant Play Store commission

In a significant development 37 U.S. state and district attorneys general have sued Alphabet Inc’s Google alleging that the search engine giant’s search and advertising policies violates antitrust law. The lawsuit, one of a series that has been filed against Google in the United States, comes in the wakes of complaints from app developers regarding…

US, Canada, Australia launch interactive map of critical minerals

In a significant development, the United States, Canada and Australia have teamed up to create and launch an interactive map of deposits of rare earths and other critical minerals that are expected to be in hot demand as the world moves to cleaner forms of energy. The website portal.ga.gov.au/persona/cmmi contains the world’s largest dataset of minerals such…

China biggest cryptocurrency mining machines Bitmain suspends sales

In a statement China’s biggest maker of cryptocurrency mining machines Bitmain said, it had suspended sales of its products in the spot market to help ease selling pressure. The development comes after Beijing imposed a ban on mining bitcoins. Bitmain said, it is looking for “quality” power supplies abroad and is looking for foreign clients…

White House applying pressure on companies and foreign adversaries to fight cyber criminals

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…