The criteria for new U.S. semiconductor subsidies is worrying companies such as Samsung Electronics Co Ltd and SK Hynix Inc, South Korean President Yoon Suk Yeol said on Thursday, a concern shared by the world’s leading contract chipmaker in Taiwan. Conditions include sharing excess profit with the U.S. government, and three industry sources said the […]
Search results for "tech companies "
Meta Platforms Inc said on Thursday it is now rolling out a long-promised system for advertisers to determine where their ads are shown, responding to their demands to distance their marketing from controversial posts on Facebook and Instagram. The system offers advertisers three risk levels they can select for their ad placements, with the most […]
Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial centre, proposing measures to stamp out so-called greenwashing in financial markets and channel cash into sustainable projects. The ministry said in an update to its Green Finance Strategy “we will ensure market participants have the […]
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70% off its shares. Group CEO Daniel Zhang said the company’s breakup into separate businesses will allow its units to become more […]
The United Nations General Assembly voted on Wednesday to pass a resolution asking the world’s top court to define the obligations of states to combat climate change, a legal opinion that could drive countries to take stronger measures and clarify international law. The historic resolution seeking an advisory opinion from the International Court of Justice […]
Britain will set out plans on Thursday to boost its energy security and independence through investment in moving towards cleaner, more affordable energy sources. Wholesale gas and electricity prices in Europe surged after Russia’s invasion of Ukraine last year and the British government has been subsidising household and business energy bills since October. “Transforming our […]
Republican lawmakers on Wednesday prodded Wall Street’s top regulator to justify his agency’s efforts to regulate companies’ climate disclosures and criticized the U.S. Securities and Exchange Commission for what they said was hasty rulemaking. In an appearance before a House of Representatives panel overseeing federal spending, SEC Chair Gary Gensler defended the agency’s request for […]
The UK’s finance minister, Jeremy Hunt, said Britain would not go “toe-to-toe” with the U.S. and the European Union by offering billions in green subsidies and tax breaks but would look at incentivising private investment, the Times reported on Wednesday. “Our approach will be different – and better. We are not going toe-to-toe with our […]
The world of telecommunications is constantly evolving, with new technologies emerging that promise faster speeds, lower latency, and greater reliability. However, the development of private 5G technology by China and Russia could have significant implications for the global telecom industry, potentially leading to a fragmentation of networks and a separate ecosystem of devices and services […]
Elon Musk and a group of artificial intelligence experts and industry executives are calling for a six-month pause in developing systems more powerful than OpenAI’s newly launched GPT-4, in an open letter citing potential risks to society and humanity. Earlier this month, Microsoft-backed OpenAI unveiled the fourth iteration of its GPT (Generative Pre-trained Transformer) AI […]