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Taiwanese electronics major Foxconn on Monday said it is committed for setting up a manufacturing facility in Kongara Kalan near Hyderabad. Foxconn Technology Group chairman Young Liu in a letter addressed to Telangana Chief Minister K Chandrasekhar Rao, confirmed the commitment of Foxconn in setting up the manufacturing facility in Kongar Kalan and sought the
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In this article AAPL 2317-TW Follow your favorite stocksCREATE FREE ACCOUNT Source: Thomas Peter | Reuters Foxconn, one of Apple’s largest suppliers and a major manufacturer of iPhone components, will invest about $700 million to build a new plant in India’s Karnataka state, Bloomberg reported Friday. The report comes as U.S. companies continue to reevaluate
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Consumers suing Alphabet Inc’s Google LLC over its data collection practices have lost their early appeal to pursue money damages as a class action seeking billions of dollars. Plaintiffs sued Google in 2020, claiming that Google continued to collect data from users despite their use of private browsing in Chrome’s “Incognito” mode. The lawsuit seeks
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Apple partner Foxconn Technology Group plans to invest about $700 million (roughly Rs. 5,763 crore) on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow. The Taiwanese company, also known for its flagship unit Hon Hai Precision
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In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018. David Paul Morris | Bloomberg | Getty Images Google executives are continuing to deal with the fallout from last month’s
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Samsung is reportedly gearing up to make additions to its wearable gadget offerings. The South Korean conglomerate has reportedly filed for trademarks in the US, which could be in line with the company’s efforts to expand its AR/VR and Mixed Reality portfolios. Although tech companies generally register trademarks that are intentionally broad-based in order to
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Mobile World Congress (MWC) 2023 concluded on Thursday, bringing the world’s largest smartphone-centric event to an end. Many noteworthy handsets from companies like Xiaomi, Nokia and Tecno, were launched at the event, while other firms showed off prototypes of smartphones with miniaturised liquid cooling technology, as well as rollable displays that retract and extend at the
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China is pumping $1.9 billion into its top memory chipmaker, according to media reports, as US restrictions on semiconductor exports threaten Beijing’s tech ambitions. Semiconductor manufacturer Yangtze Memory Technologies Co (YMTC) is set to receive 12.9 billion yuan from the state-owned National Integrated Circuit Industry Investment Fund, Bloomberg reported on Thursday, citing government data. The
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Microsoft Corp (MSFT.O) is expected to secure EU antitrust approval for its $69 billion (roughly Rs. 5,68,094 crore) acquisition of Activision (ATVI.O) with its offer of licensing deals to rivals, three people familiar with the matter said, helping it to clear a major hurdle. Microsoft announced the Activision bid in January last year, its biggest ever, to
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Mar 03, 2023Ravie LakshmananThreat Intelligence / Cyber Attack The China-aligned Mustang Panda actor has been observed using a hitherto unseen custom backdoor called MQsTTang as part of an ongoing social engineering campaign that commenced in January 2023. “Unlike most of the group’s malware, MQsTTang doesn’t seem to be based on existing families or publicly available
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BlocPower is electrifying this Brooklyn, NY building Lisa Rizzolo | CNBC BlocPower, a Brooklyn-based climate tech company, has closed on a nearly $155 million fundraising round that will be used to expand and finance community decarbonization projects like it already has undertaken in Menlo Park, California, and Ithaca, New York. The round, which includes more
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