British business minister Kwasi Kwarteng on Wednesday said he had issued an order preventing the acquisition of intellectual property related to vision sensing technology by a Chinese company on national security grounds. The order, issued under the National Security and Investment Act, prevents Beijing Infinite Vision Technology Co. from buying the intellectual property from the […]
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Chipmaking equipment supplier BE Semiconductor (BESI) on Thursday forecast a big drop in third-quarter revenue as soaring prices dampens demand. The maker of semiconductor assembly and packaging equipment said it expects its revenue to decline by 20 percent to 30 percent in the three months to Sept. 30 year-on-year, following a fall of 5.4 percent […]
Germany’s Volkswagen and Franco-Italian chipmaker STMicroelectronics will co-develop a new semiconductor amid a global microchip crunch that has strained the car industry’s supply chain, the companies said on Wednesday. The move illustrates how Volkswagen, Europe’s biggest carmaker, is striving to gain greater control over the supply of chips, found in ever greater number in new […]
On Feb. 2, when Meta Platforms reported Facebook’s first-ever quarterly drop in daily users, its finance chief identified higher mobile data costs as a unique obstacle slowing growth in India, its biggest market. On the same day, the U.S. tech group posted the findings of its own research into Facebook’s business in India on an […]
The Biden administration is investigating Chinese telecoms equipment maker Huawei over concerns that U.S. cell towers fitted with its gear could capture sensitive information from military bases and missile silos that the company could then transmit to China, two people familiar with the matter said. Authorities are concerned Huawei could obtain sensitive data on military […]
India’s top-selling carmaker, Maruti Suzuki, believes the government will show support for “green” car technology beyond full electric vehicles (EVs), such as hybrid, if it benefited the country, the company’s chief executive said. The comments come after Maruti unveiled its first strong hybrid car in India, the Grand Vitara sport-utility vehicle (SUV), seen as key […]
American spymasters would be able to yank business away from U.S. companies that purchase or market foreign espionage software, under a bill the House Intelligence Committee advanced on Wednesday. The bill must be approved by the full House and reconciled with its Senate counterpart before it becomes law. It follows media reports that Israeli spyware […]
Google faces a London trial over an estimated 920-milion-pound ($1.1 billion) damages claim after a court authorised a lawsuit that alleges the Alphabet-owned tech giant overcharged 19.5 million customers for app store purchases. The class action, which was certified by the Competition Appeal Tribunal on Monday, alleges Google abused its dominant position by charging up […]
Facebook owner Meta Platforms Inc was hit with a trademark lawsuit in Manhattan federal court on Tuesday by MetaX LLC, a company that creates immersive virtual-reality experiences, for allegedly stealing its name for its pivot to the metaverse. New York-based MetaX told the court it had been “crushed” by Facebook’s rebrand and said its “ability […]
Brendan Carr, the FCC commissioner, wrote to Apple and Google on Tuesday and asked them to ban TikTok from their app stores due to its record of sneaky data practices. This follows BuzzFeed News’s revelation last week that employees of TikTok in China had access to the data of users residing in the US up until January. […]