Alphabet Inc’s Google settles hiring pay bias allegations with $3.8 million

In a statement, the U.S. Department of Labor said Alphabet Inc’s Google will spend $3.8 million, including $2.6 million in back pay, to settle allegations that it unfairly passed over women and Asians for job openings and underpaid women. The allegations stemmed from a routine compliance audit several years ago required by Google’s status as…

Trump Administration adds China’s Comac and Xiaomi to trade blacklist

The Trump Administration has added nine Chinese companies, including Chinese plane maker Comac and mobile phone maker Xiaomi,  to a trade blacklist which Washington thinks are owned or controlled by the Chinese military. These companies will be subject to a new U.S. investment ban which will compel American investors to divest their holdings of the…

PayPal Holdings blocks Christian crowdfunding site linked to alleged Trump supporter

In a statement PayPal Holdings Inc said it has blocked GiveSendGo, a Christian crowdfunding site which helped raise funds for people who attended last week’s event in Washington after supporters of U.S. President Donald Trump, visited en mass at the Capitol. PayPal confirmed that it has closed an account held by Ali Alexander, one of…

Brazil backs U.S.-led global alliance for Huawei-free 5G Network

In a significant development, the Brazilian government said it has backed Washington’s push to build a global alliance of Clean Network that excludes technology companies that are manipulated by governments including China’s Communist regime. The development came in the wake of Keith Krach, U.S. Under secretary of state for economic growth, energy and environment, advising…

Taiwanese chipmaker TSMC stops taking new orders from Huawei following U.S. restrictions

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…

U.S and Japan to collaborate on economic security including 5G technology

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…

Taiwan’s TSMC to build $12 Billion chip facility in Arizona

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…

Venture capital arm of Intel Corp invests in 2 Chinese startups

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…

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…