South Korea’s SK Hynix (000660.KS), the world’s second-largest memory chip maker, will invest 103 trillion won ($74.6 billion) by 2028 to enhance its chips business, with a focus on AI, according to its parent company SK Group’s announcement on Sunday. SK Group also stated that it plans to secure 80 trillion won by 2026 to …
South Korea’s SK Hynix plans to invest $75 billion in AI and chips by 2028 Read More »
French technology company Atos (ATOS.PA) announced on Sunday that it has reached an agreement with a group of banks and bondholders regarding the terms of its debt restructuring. According to the company, the restructuring plan includes a 233-million-euro ($250 million) capital increase with preferential subscription rights. The plan will convert approximately 2.8 billion euros of …
Atos finalizes agreement with creditors on debt restructuring terms Read More »
A U.S. appeals court on Thursday reinstated a software engineer’s proposed class action against Meta Platforms (META.O), alleging the company refused to hire him in favor of foreign workers who accept lower wages. The 9th U.S. Circuit Court of Appeals in San Francisco, in a 2-1 ruling, determined that a Civil War-era law prohibiting discrimination …
Meta is facing a lawsuit alleging preference for foreign workers over US citizens. Read More »
Nokia announces $2.3 billion acquisition of Infinera Corp (INFN.O) to bolster its optical network business, particularly in North America. The deal includes paying $6.65 per share, a 26.4% premium over Infinera’s Thursday closing price of $5.26, with at least 70% of the payment in cash. Shareholders of Infinera have the option to receive up to …
Nokia plans $2.3 billion acquisition of Infinera to expand optical network capabilities. Read More »
Russian hackers who infiltrated Microsoft’s systems and surveilled staff inboxes earlier this year also pilfered emails from its customers, the tech giant revealed on Thursday. This disclosure highlights the extensive nature of the breach as Microsoft faces heightened regulatory scrutiny over the security of its software and systems against foreign threats. Another group, reportedly Chinese, …
In a compact room, a drone, bipedal robot, supermarket checkout, and various other devices present a vision of China’s software future—one where Huawei’s Harmony operating system has supplanted Windows and Android. This display is part of the Harmony Ecosystem Innovation Centre in Shenzhen, a government-backed entity promoting the development of software using OpenHarmony, the open-source …
Huawei’s Harmony seeks to eliminate China’s dependence on Windows and Android Read More »
Meta, the owner of Facebook, is considering blocking news content on its platform in Australia if the government requires it to pay licensing fees. Mia Garlick, Meta’s regional policy director, told a parliamentary hearing that all options are on the table, including preventing Australians from sharing news content. This potential move comes as Meta awaits …
Meta is considering blocking news content on Facebook in Australia. Read More »
Canada’s BlackBerry (BB.TO) exceeded first-quarter revenue expectations on Wednesday, driven by strong demand for cybersecurity services amidst rising online threats. After trading hours, U.S.-listed shares of the company, known for its cybersecurity and data protection services for enterprises and governments, surged 7.2%. Recent months have seen high-profile data breaches affecting companies like CDK Global in …
Certainly! Here’s a revised version in two to three paragraphs: The U.S. Securities and Exchange Commission is nearing approval of exchange-traded funds (ETFs) tied to the spot price of ether, with a decision expected by July 4. Industry insiders, speaking anonymously, indicate that discussions between asset managers like BlackRock, VanEck, Franklin Templeton, and Grayscale Investments, …
Sources indicate that US regulators might approve spot ether ETFs for launch by July 4. Read More »
India’s second-largest IT services exporter, Infosys (INFY.NS), announced that CEO Salil Parekh has resolved allegations of insider trading violations, according to the country’s markets regulator on Thursday. Parekh has agreed to pay a fine of 2.5 million rupees (approximately $30,000) for inadequate controls to prevent insider trading, the Securities and Exchange Board of India reported.
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