Samsung said it plans to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices. “This is the largest foreign direct investment in the state of Texas, ever,” Texas Gov. Greg Abbott said in announcing the project Tuesday. Samsung said it […]
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A coalition of states attorneys general launched Thursday an investigation into Instagram’s ways of attracting and affecting the younger generation, especially younger girls, in their latest attempt to harshen regulatory scrutiny on Meta Platforms Inc, according to The Wall Street Journal. The examination into the social networking platform led by eight states, with Massachusetts and Nebraska […]
Taiwan’s Economy Minister Wang Mei-Hua revealed on Tuesday that the U.S. discussed with its country potential plans to address the semiconductor chip shortage, in addition to finding the needed approaches to counter China’s economic “coercion.” During the second session of an economic dialogue initiated last year, the discussion followed a week after a virtual meeting […]
The Federal Communications Commission voted on Monday to approve Verizon’s $6 billion bid for prepaid mobile company Tracfone, which it announced back in September, pending the regulatory approval that finally came this week. “After rigorous review, the Commission found that the transaction, as modified by Verizon’s enforceable commitments, will make Verizon and Tracfone stronger providers […]
Google’s parent company, Alphabet Inc. on announced Friday its latest innovative approach to tidying up the search engine’s U.S.-based offices by using multi tasker robots to fulfill different purposes, leading for general-purpose robots to assist humans on a daily basis. The team behind the machinery, developed by X, Alphabet’s innovation division, publicized that its prototype […]
General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will develop and commercialize battery electric watercraft. Pure Watercraft, founded in 2011, is […]
Pressed to address gaping inequality in global COVID-19 vaccines, the Biden administration took steps Wednesday to make billions of dollars available to drugmakers to scale up domestic production to share with the world and prepare for the next pandemic. Under the new initiative, the government’s Biomedical Advanced Research and Development Authority is soliciting pharmaceutical companies […]
Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making behind-the-scenes decisions about their careers. A bill passed by the city council in early November would ban employers from using automated hiring tools […]
Battery-powered vehicles will get top billing at the Los Angeles Auto Show, which opens this week after a year’s hiatus due to the novel coronavirus. Subaru, which has seen strong sales growth in the U.S. during the past decade, will unveil its first all-electric vehicle, a smallish SUV named the Solterra. VinFast, a Vietnamese automaker […]
The European Commission said Thursday that it could approve aid to fund production of semiconductors in the 27-nation bloc amid a global chip shortage and intense worldwide competition to fill the need. The EU’s executive arm expects that the scarcity of semiconductors — a key component in everything from smartphones to cars — will last, […]