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Intel removes reference associated with Xinjiang Region

Chipmaker titan Intel has recently removed from an annual letter directed to suppliers information referenced to China’s Xinjiang region following criticism for demanding suppliers to steer clear from the region. Only last month, the U.S.-based company was criticized on social media platforms in China for the letter sent to suppliers – published on the company’s […]

India’s Foxconn iPhone facility to reopen Jan 12

Foxconn, Apple Inc’s supplier, announced it would reopen its iPhone facility on January 12, in Southern India, according to Reuters. Late Friday, Tamil Nadu Chief Minister M K Stalin informed the state assembly for the area that the plant will resume work on Wednesday of this week, according to K Selvaperunthagai, a member of the assembly. […]

Futures Mixed as Tech Stocks Still Weak, Banks Rally

U.S. stock index futures were mixed on Thursday, with economy-linked banking and energy shares leading gains, while interest rate-sensitive growth names remained under pressure from the Federal Reserve’s hawkish signals. The tech-heavy Nasdaq plunged more than three percent on Wednesday, its biggest one-day percentage drop since February, while the Dow slipped from an intra-day record […]

Tesla opens showroom in China’s Xinjiang region

In a region fraught with controversy, Tesla has opened a new dealership in China, Xinjiang, the same area where the Chinese government was accused of human rights violations against the Uyghur Muslim minority.  This move strangely comes just after U.S president Joe Biden signed the Uyghur Forced Labor Prevention Act to protect said minority from […]

Sony Looks to Electric Cars for its Next Big Hit

Japan’s Sony Group Corp plans to launch a company this spring to examine entering the electric vehicle market, looking to harness its strengths in entertainment and sensors to play a bigger role in next-generation mobility. The new company, Sony Mobility Inc, comes as the Japanese tech giant is “exploring a commercial launch” of electric vehicles, […]

Tesla Exceeds Wall Street Expectations in Q4 Deliveries

Elon Musk’s Tesla Inc revealed on Sunday its quarterly deliveries, marking a new reported record, exceeding Wall Street expectations as the globe battles through a semiconductor crisis. For Tesla, this signaled a six consecutive quarter following its report highlighting its high record deliveries. The electric vehicles (EV) company supplied in its fourth-quarter 308,600 cars, surpassing […]

Asia stock markets mixed after Wall St high, virus surge

Asian stock markets were mixed Thursday after Wall Street hit a high and new daily U.S. coronavirus cases surged to a record. Tokyo and Seoul declined while Shanghai and Hong Kong advanced. Wall Street gained Wednesday for its 70th record high of 2021. Optimism was tempered by data showing new U.S. virus cases have risen […]

T-Mobile Suffers from Another Cyber Threat Exposing SIMs and Info

T-Mobile reported on Tuesday yet another cyber threat where criminals accessed “a small number of” users’ accounts, following a devastating data breach dating back to August 2021. The T-Mobile’s report revealed how the telecom operator noticed “unauthorized activity” on some accounts, where hackers gained access to view customer proprietary network information (CPNI), “an active SIM […]