A lawsuit, seeking class-action status, has been filed in a federal court in Washington, D.C. Following a cyber breach at Capital One Financial Corp, the bank stated it is now facing a potential class-action lawsuit. A lawsuit, filed by Kevin Zosiak, is seeking class-action status was filed in the federal court in Washington, D.C. Zosiak,…
While market share and profits are key factors in growth, maintaining business relations with the U.S. ie equally if not more important. In a significant development, the world’s third biggest supplier of semiconductor manufacturing equipment, Japan’s Tokyo Electron, stated it will stop supplying its Chinese clients that have been blacklisted by Washington. China is locked…
Hikvision’s audio and video surveillance equipment plays a key role in its mass detention centers, which essentially are concentration camps, which hold more than 1 million ethnic Uighurs and other Muslims. In a move that could significantly impact China’s monitoring of its citizens, the U.S. administration is considering imposing limits to Chinese video surveillance firm…
The pace of forced tech transfers in exchange for market access is on the rise in China especially in “cutting edge” industries. In a significant development, a European business lobby has disclosed, the number of cases of European firms forced to transfer technology to its Chinese partners are on the rise despite Beijing’s attempt to…
It will have to be seen how Britain can block Huawei from only its core 5G network since it is very difficult to distinguish between core and non-core. As per a source within the Britain’s security establishment, London will not only block China’s Huawei Technologies from all core parts of its 5G network but will…
The move is aligned with the Trump Administration’s policy on Beijing vis-a-vis semiconductors. On Friday, as per a report from The Information citing sources who are employees at a joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Huaxintong Semiconductor (HXT), the joint venture is set to close by the end of this month.…
The move drips of abundant caution on Lyft’s part which is slated to deploy a new electric bike model soon. As per a statement from Lyft Inc, the firm is removing several thousand electric bikes from service in its bike-share program from Washington, New York, and San Francisco. The development comes in the wake of…
