Mercedes-Benz will use embedded Faurecia-Aptoide technology to power navigation and other vehicle infotainment functions in a crucial win for the app provider against Alphabet Inc’s Google and other technology firms to control car dashboards. The companies said on Thursday that under a multi-year partnership, from 2023 the joint venture between auto supplier Faurecia and independent […]
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Samsung Electronics Co Ltd said on Thursday it expects firm data centre demand for high-margin memory chips to continue in the second half, but warned component shortages will likely persist as well. The world’s top memory chip and smartphone maker said underlying server chip demand appears “relatively solid” as companies boost investments and look to […]
Cryptoassets could be seized to help combat economic crime, Britain’s government said on Thursday, but its proposal stopped short of the radical overhaul called for by lawmakers who want a single crime-busting agency. Banking and online scams have rocketed in Britain, particularly since the COVID-19 pandemic. The government said in its response to a parliamentary […]
Samsung Electronics plans to join as soon as next month a group of global corporations committed to 100 percent renewable energy, a person familiar with the matter said, as partners such as Apple Inc push it for action against climate change. Samsung, the world’s biggest chipmaker, is late to the green power pledge: It’s been […]
Drone giant DJI Technology Co said it will temporarily suspend business in Russia and Ukraine to ensure its products are not used in combat, making it the first major Chinese firm to cite the conflict in halting sales in Russia. Ukrainian officials and citizens have accused DJI of leaking data on the Ukrainian military to […]
Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc. Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk […]
Computers using light rather than electric currents for processing, only years ago seen as research projects, are gaining traction and startups that have solved the engineering challenge of using photons in chips are getting big funding. In the latest example, Ayar Labs, a startup developing this technology called silicon photonics, said on Tuesday it had […]
The U.S. Department of Justice on Monday announced the indictment of two Europeans for allegedly conspiring with a recently sentenced American cryptocurrency researcher to help North Korea evade U.S. sanctions. Alejandro Cao de Benos of Spain, who founded a pro-Pyongyang affinity organization, and Christopher Emms of Britain, a cryptocurrency businessman, were accused of recruiting the […]
Twitter Inc is poised to accept billionaire Elon Musk’s “best and final” $43 billion takeover offer, people familiar with the matter told Reuters on Monday. This comes on the heels of Musk announcing that he had secured $46.5 billion in debt and equity financing for the deal. Earlier in April, the social media company had […]
Star stock-picker Cathie Wood’s Ark Invest this week snapped up shares of pandemic darlings including Roblox Corp, Roku Inc and Zoom Video Communications that have fallen out of favor this year. The asset manager’s flagship ARK Innovation ETF has slumped 43% this year, lagging far behind the S&P 500’s 7.7% decline as the prospect of […]