Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters on Thursday. Intel’s investment in Italy is part of a wider plan announced by the U.S. chipmaker earlier this year to invest $88 […]
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India’s financial crime-fighting agency said on Friday it had frozen the assets of WazirX, linked to the world’s largest digital currency exchange Binance, as part of its investigation into suspected violation of foreign exchange regulations. The federal Enforcement Directorate (ED) said that it froze assets worth 646.70 million rupees ($8.16 million). “We have been fully […]
India’s government on Wednesday withdrew a data protection and privacy bill which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law. The 2019 law had proposed stringent regulations on cross-border data flows and proposed giving the Indian government powers […]
China successfully launched a pilot reusable spacecraft with its Long March-2F carrier rocket on Friday, state media CCTV reported. The unidentified spacecraft, which was launched from China’s Jiuquan Satellite Launch Center, will return to a planned landing site after operating in the orbit for some time to provide technical validations for reuses, CCTV said. China […]
Facebook-parent Meta Platforms Inc is set to raise $10 billion in its first-ever bond offering on Thursday, as it looks to fund share buybacks and investments to revamp its business, according to two sources close to the deal. The offering, which included bonds with maturities ranging from five years to 40 years, received over $30 […]
NASA and the White House have since late last year quietly drawn up contingency plans for the International Space Station in light of tensions with Moscow that began building before Russia’s invasion of Ukraine, according to nine people with knowledge of the plans. The U.S. space agency’s game planning shows how the U.S. is juggling […]
Chinese chipmaker Yangtze Memory Technologies Co Ltd (YMTC) on Wednesday announced new memory chip technology, 232-layer chip, that would help it catch up with rivals Micron and SK Hynix, just as Washington considers steeper curbs on Chinese semiconductor companies. The company unveiled its fourth-generation 3D NAND chip, the X3-9070, and its first to feature 232-layer […]
General Motors Co said on Wednesday owners of certain vehicles equipped with its Super Cruise technology assisted driving system will now be able to use it on 400,000 miles (643,740 km) of North American roads, doubling the current operating area as Tesla and other automakers race to deploy hands-free cruising technology. GM’s Super Cruise system, […]
The European Union’s securities watchdog has begun preparations for increased scrutiny of crypto transactions after the bloc agreed groundbreaking rules to regulate what it called a “Wild West” sector, a public tender document showed. While cryptoasset firms will be licensed by national regulators in the 27-country bloc, the European Securities and Markets Authority (ESMA) will […]
Researchers have found that decay of tissues after death can be halted and cell functions restored based on early experiments in pigs that may eventually help increase the number of transplantable human organs. Sixty minutes after stopping the heart in the anesthetized animals, Yale researchers were able to restart the circulation using a specialized machine […]