Elon Musk has approached brain chip startup Synchron Inc about a potential investment as his own company Neuralink plays catch-up in the race to connect the human brain directly to machines, according to four people familiar with the matter. Musk reached out to Synchron’s founder and chief executive, Thomas Oxley, in recent weeks to discuss […]
Reuters
Taiwan wants to ensure its partners have reliable supplies of semiconductors, or “democracy chips”, President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China’s threats mean fellow democracies have to cooperate. Governor Eric Holcomb is making the third trip to Taiwan this month by a U.S. delegation after U.S. […]
China’s Xiaomi Corp posted a steep drop in second quarter revenue on Friday as the world’s biggest smartphone market shrank, hit by strict China COVID curbs and restrictions. Sales fell 20 percent year on year (YoY) to 70.17 billion yuan ($10.31 billion), missing estimates and marking a steeper decline from the previous quarter when the […]
Tether, the world’s largest stablecoin, said on Thursday it had appointed accounting firm BDO Italia to vouch for its monthly proof-of-reserve for its assets, and would look to increase the frequency of publishing its reserves reports to monthly from quarterly. Stablecoins are a type of cryptocurrency designed to keep constant value, such as a 1:1 […]
South Korea is expected to attend a preliminary meeting for a U.S.-led chipmaker group of major microchip manufacturers including Taiwan and Japan, South Korea’s foreign minister said on Thursday. Seoul’s participation in the preliminary meeting for the so-called “Chip 4” group could heighten the stakes for South Korea as it seeks to navigate the contest […]
Boeing Co and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies. The voluntary program, unveiled by President Joe Biden in May, seeks to boost suppliers’ use of additive manufacturing (AM). Driven by 3D printing, the technology allows complex shapes […]
International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets. It is a bet that using blockchain – a digital database with information that can be publicly shared within […]
The Inflation Reduction Act (IRA) includes the “largest investment ever in combating the existential crisis of climate change”, according to President Joe Biden, who will sign the bill into law later on Tuesday. Around $369 billion of federal funds will flow into climate change and energy security, boosting domestic capacity to produce wind turbines, solar […]
Cloud and data centers, the chip industry’s strongest sector, may be its next problem: Signs are showing growth could slow in what has been a pillar during the COVID era as consumers signed up for cloud-based entertainment and companies retooled their offices. Analysts say the cloud market has rarely had to weather a prolonged economic […]
China’s top internet watchdog said on Friday tech giants such as Tencent Holdings and Alibaba Group have submitted details of algorithms used in some of their products, complying with a drive by authorities to tighten oversight of platform algorithms. The rules are part of a broad regulatory crackdown by Beijing against its once free-wheeling technology […]