Newly proposed rule in U.S. Foreign Direct Product Rule will cut off supply of sophisticated chips to Huawei

Senior administrators in the Trump administration have agreed to further tighten restrictions of semiconductors on Huawei Technologies. Under the newly proposed rules, foreign companies that use U.S. chipmaking equipment will now have to obtain a U.S. license before supplying certain chips to Huawei. According to one of the sources, rule will slash the supply of…

Apple limits online purchases of iphones to 2 per person midst Wuhan coronavirus outbreak

A check on Apple’s website on Friday revealed, Cupertino is limiting customer purchases of iPhones over its online stores to two handsets per person. The measure is applicable to many countries including the United States and China. The development comes in the wake of the Apple closing all of its brick-and-mortar stores outside China, even…

Work-from-home creates perfect opportunities for cyber criminals, corporates spies and hackers: cyber security experts

With companies temporarily closing their offices and with more people working from home with company data because of the Wuhan coronavirus, hackers are likely to take advantage of the situation, said cyber security experts. Government officials from the United States and Britain along with others have warned on the cyber security dangers of working remotely…

U.S. tech firms collaborating to combat Wuhan coronavirus misinformation

In a joint statement, U.S. technology companies, including Alphabet’s Google, Microsoft Corp, Twitter, Facebook, LinkedIn, Reddit, and YouTube are working together to quell misinformation about the coronavirus on their platforms. The companies said they were coordination with government healthcare agencies around the world to share critical updates about the Wuhan coronavirus. According to Johns Hopkins…

U.S. Department of Health and Human Services hit by cyberattacks aimed at slowing down response time

According to a report from Bloomberg, the U.S. Department of Health and Human Services (HHS), a key part of the federal government’s response to China’s Wuhan coronavirus outbreak, has been hit by a cyberattack on Sunday night. In a tweet on Monday, the report cited unnamed sources who said there were multiple hacking attacks that…

Pentagon to reconsider certain aspects of $10 billion JEDI Contract: court filings

According to court filings by the U.S. Department of Defense (DoD) on Thursday, the DoD is asking permission from the court to reconsider certain aspects of its decision to award a $10 billion cloud computing contract to Microsoft Corp. Last month, a U.S. judge had granted Amazon.com Inc’s request to temporarily halt the DoD from…

Sharp drags Vizio Inc, Xianyang CaiHong Optoelectronics Technology and TPV Technology to court over patent infringements

Japan’s Sharp Corp has filed a patent infringement lawsuit against U.S. TV brand Vizio Inc and two others in an attempt to seek an injunction to ban one of Vizio’s TV products in the United States. In a statement, Sharp, a unit of Taiwan’s Foxconn, said Vizio’s 70-inch TV product uses liquid crystal display (LCD)…

Washington extends Huawei’s trading licenses up to May 15, 2020

The Trump administration has once again allowed U.S. companies to continue to do business with China’s Huawei Technologies Co Ltd by extending the trade license until May 15, 2020. The U.S. Commerce Department had previously extended it until April 1. Separately, the U.S. Commerce Department has sought public comments on whether it should issue future…

Large U.S. airlines revise 2020 forecasts, slash costs and flights

On Tuesday, leading U.S. airlines including Delta and American announced the suspension of their 2020 financial forecasts and took strong measures to further boost their capabilities to fight the economic impact of China’s coronavirus United announced a capital raising event and reported a first-quarter loss. The coronavirus pandemic has deeply impacted the tourism sector and…