Auto giants such as General Motors, Ford Motor, and Hyundai Motor estimate that the global semiconductor chip shortage that has been ongoing for almost two years will ease to an extent by the second half of 2022. However, makers of chips for auto companies forecast… Read More ›
Volvo Cars and Northvolt announced the building of a new battery production factory in Gothenburg, Sweden, which is slated to start construction in 2023. The plant will, according to the firms, “have a potential yearly cell production capacity of up to 50-gigawatt hours.” According to… Read More ›
On Friday in a statement Toshiba Corp said, it plans on investing $1.09 billion (125 billion yen) in order to more than double the production of power management semiconductors, in order to catch up with peers such as Infineon Technologies AG…. Read More ›
Countries in the European Union have agreed to oversee the border-free Schengen Area through regular ministerial meetings, said France in a move aimed at strengthening the political management of the area in the same manner euro zone gatherings steer economic… Read More ›
Northern Ireland’s first minister has resigned in protest over post-Brexit trade rules. The development comes in the wake of another minister trying to halt some checks on agri-food goods coming into Northern Ireland from the UK, without following Brexit protocols…. Read More ›
According to a German defense source, Germany is leaning towards the purchase of U.S. stealth fighter jets F-35 built by Lockheed Martin which will replace its ageing Tornado. It has yet to take a final decision on the purchase. According to… Read More ›
Ahead of Turkish President Tayyip Erdogan’s visit to Ukraine, Ukrainian Defence Minister Oleksii Reznikov said, both countries will sign a framework agreement on manufacturing Turkish drones in Ukraine. He went on to add, the number of ceasefire violations in eastern… Read More ›
On Thursday, Steve Dickson, the head of the Federal Aviation Administration (FAA) said, he is confident that aviation safety concerns surrounding 5G C-Band deployment will be addressed “safely with minimal disruptions”. Dickson is slated to tell a House of Representatives… Read More ›
Alphabet Inc, Google’s parent company, is close in to join its peers, Microsoft Corp and Apple Inc in the elite $2 trillion market valuation club with the search engine giant’s shares surging more than 8% following a better than expected quarterly results…. Read More ›
Electronic Arts Inc has named Microsoft’s executive Chris Suh as its new chief financial officer. Suh, who is currently serving as corporate vice president and CFO of Microsoft’s Cloud + AI group, will replace Blake Jorgensen. Suh has been with Microsoft since… Read More ›
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