Although China’s Huawei Technologies has been consistently denying for years that it has not violating American trade sanctions on Iran, internal documents from the company which dates back to 2010 show that it was directly involved in sending prohibited U.S. computer equipment to Iran’s largest mobile-phone operator. As per internal documents from Huawei, two of…
In a statement, Advanced Micro Devices Inc and Hewlett Packard Enterprise Co stated, they had won a $600 million deal to deliver a supercomputer that will be used by the U.S. Department of Energy’s nuclear security arm to support the nation’s nuclear arsenal. The supercomputer, dubbed El Capitan, named after the famous rock face in…
In a blow to Apple Inc, the U.S. Supreme Court has ruled that Cupertino cannot avoid paying $440 million in damages for using VirnetX Inc’s patented internet security technology without permission. Apple uses VirnetX Inc’s technologies in its FaceTime video calling features. Supreme court justices rejected Apple’s appeal in the long-running case concurring with a…
According to sources familiar with financing of Elon Musk’s SpaceX, the company is looking to raise around $250 million, which could see its valuation touch $36 billion, reported CNBC. According to CNBC’s report, SpaceX plans on raising the amount at a price of $220 per share. The funding round is expected to close after the…
In a statement, the chief executive officer of Airbus SE said, the planemaker plans on investing between $539 million-$1.08 billion (500 million euros and 1 billion euros) in 2020 on its A220 passenger jet program. Earlier in February, Airbus had raised its stake in the program, known as Airbus Canada, to 75%, up from 50.1%,…
On Tuesday, Qualcomm Inc, the world’s biggest supplier of mobile phone chips, introduced a new set of semiconductors designed to connect mobile phones to 5G networks that operate differently around the world. In a statement, the San Diego, California-based company said, its X60 modem chip, along with a new antenna chip, will be the first…
According to two sources familiar with the matter at hand, the Trump administration is mulling options, which includes changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC, the world’s largest contract chipmaker. These are among the many proposal the U.S. Administration is looking at…
According to sources familiar with the matter at hand, the U.S. government is weighing options which include stopping General Electric Co from continuing to supply engines for China’s passenger jet. The development will cast a shadow of uncertainty over China’s efforts to enter the civil aviation market. The potential restriction on the sale of plane…
In a statement by Canadian telecom operator Telus Corp’s Chief Financial Officer Doug French, the telecom operator is scheduled to roll out 5G services with the help of Huawei Technologies Co Ltd’s equipment. “It’s important for us to launch our network when the time is right…” said French in a statement while adding the company…
In a statement, the U.S. government said, it was issuing a 45-day extension to Huawei Technologies Co Ltd which allows U.S. companies to continue doing some business with it. The development comes in the wake of the Trump Administration adding the Chinese company to an economic blacklist in May 2019 citing national security concerns. The…
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