Search results for "TECHNOLOGY"

China Revises Draft Rules on Data Security for Business Sectors

China’s industry ministry published revisions to draft rules on Thursday dictating how companies and localities should manage data, bringing more specificity to the country’s evolving data governance regime. The updated rules, which China’s Ministry of Industry (MIIT) and Information Technology first published in September, removes a previous statement that “core data,” defined as data that […]

SoftBank's Choice of New York for Arm Listing Deals a Blow to London

SoftBank’s decision to list British chip designer Arm is good news for New York, bad news for London and the best option left for the Japanese group after the collapse of its blockbuster sale to Nvidia. Arm, whose technology underpins the global smartphone industry, is most likely to float on the Nasdaq, SoftBank’s CEO said, […]

Toshiba now Plans to Split Into Two, Hikes Shareholder Return Targets

Toshiba Corp said it now aims to break up into two companies instead of three and also unveiled a big boost to planned shareholder returns in an effort to appease angry investors. Its revised plan is still expected, however, to face much pushback from foreign hedge funds, many of whom have been opposed to any […]

Nasdaq Regains Ground After Choppy Week Driven by Big Tech Earnings

Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves this week, as investors […]

Huawei to Build Saudi Arabia’s New Cloud Region

In its plan to pump investments into the Middle East, Chinese telecommunications giant Huawei revealed Tuesday plans to create a cloud region in the Kingdom of Saudi Arabia (KSA). The move, which will play a fundamental role in expanding the company’s influence in the Middle East, will bring forth more support to local businesses and […]

Automakers, Chip Firms Differ on When Semiconductor Shortage will Abate

Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers, on the other hand, expect a recovery to take longer. During their quarterly results reporting over the past two weeks, GM CEO Mary Barra projected the semiconductor shortage would […]

U.S. House Set to Pass Sweeping Vote on China Competition Bill

The U.S. House of Representatives was expected to pass on Friday a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, despite Republican opposition. The Democratic-majority House is expected to back the “Competes Act” largely along party lines. Passage would send the measure for negotiations with the Senate on a […]

LogRhythm Rewards Outstanding Cybersecurity Innovation

Through its 2021 European Partner Awards The award winners were recognised for their commitment to providing SIEM threat detection and migration capabilities for their European customers London, UK, 04 February 2022 – LogRhythm, the company powering today’s security operations centres (SOCs) has announced the winners of its 2021 European Partner Awards. The awards honour the achievements of […]