GM plans $2 billion in cost cuts after record 2022 earnings
GM Q4 net income rises 15% to $2 billion; revenue surged 28% to $43.1 billion; shares rise......»»
Foxconn paying more & getting less than expected with new India plant
Foxconn's previously announced new factory in Bengaluru, India, has now cleared local government approval — though at greater cost and with fewer jobs.The Karnataka government approved Foxconn's application at its State High Level Clearance Committ.....»»
New Adobe Firefly will use AI to generate art, but protect artists
Adobe has announced an online-only beta release of its Firefly image generator, and says its its AI art isn't stealing from artists but is instead trained on licensed or public domain work.Source: AdobeIn December 2022, Adobe announced that its stock.....»»
Kazakhstan’s seizure of Russian space assets threatens the Soyuz-5 rocket
Russia has spent nearly $1 billion on the development of the new Soyuz-5 rocket. Enlarge / A Russian Proton-M rocket carrying Spain's satellite Amazonas-5 blasts off from the launch pad at the Russian-leased Baikonur cosmodrome i.....»»
Antisemitism on Twitter has more than doubled since Elon Musk took over
Musk's decision to roll back content moderation is partly to blame. Enlarge (credit: Getty Images | Thomas Trutschel ) In the days after Elon Musk took over Twitter in October 2022, the social media platform saw a “sur.....»»
Global EV sales, 2023
Global EV sales continued to exhibit prominent growth in 2022, amounting to 9.78 million units, as opposed to the overall automotive sales worldwide that again came short of expectation......»»
EV sales in China expected to reach over 8 million in 2023
One fourth of the cars sold in China were electric vehicles in 2022, and EV sales are expected to reach more than eight million units in 2023, according to Counterpoint Research......»»
Threat actors are experimenting with QR codes
Hackers are diversifying attack methods, including a surge in QR code phishing campaigns, according to HP. From February 2022, Microsoft began blocking macros in Office files by default, making it harder for attackers to run malicious code. Data coll.....»»
Transforming India"s semiconductor industry: insights from L&T Tech Services CEO
Although India's semiconductor manufacturing plans are relatively new, the country has been a strong player in the chip design engineering services sector. One of the key Indian companies active in this field is L&T Technology Services (LTTS). Recent.....»»
Shenmao to expand factory site in Vietnam
Solder material maker Shenmao Technology will actively expand its presence in Southeast Asia, with plans to expand its factory in Vietnam, according to the Taiwan-based company......»»
GaAs foundries mull price cuts to entice orders for handset PAs
GaAs (gallium arsenide) foundries are considering cutting their quotes to land power amplifier (PA) orders from RF IDMs, which are looking to replenish their inventories, according to industry sources......»»
Scout picked S.C. because of speed, says CEO Scott Keogh
Scout Motors picked a site in suburban Columbia, S.C. for its $2 billion factory in part because it was ready to go. Gov. Henry McMaster signed a $1.3 billion incentive package for the project into law Monday......»»
Amazon is laying off another 9,000 workers
It announced 18,000 job cuts in January and says more are likely this year. Enlarge / Amazon has announced 27,000 layoffs since November 2022. (credit: Nathan Stirk/Getty Images) Amazon will lay off another 9,000 workers.....»»
Today’s best deals: Apple Watch, AirPods Pro, AirTags, and Mac Mini
The Mac Mini sees its biggest discount yet, while others match Black Friday lows. Enlarge If you've been eyeing some specific Apple devices but either missed your chance to snag record-low prices during the holidays, or.....»»
Apple increased grip on premium smartphone market in 2022
The premium smartphone market make up more than half of global smartphone revenue in 2022, a report claims, with Apple's iPhone providing the lion's share.iPhone 14Sales in the overall global smartphone market dropped 12% year-on-year between 2021 to.....»»
Scratched EV battery? Your insurer may have to junk the whole car
Battery packs can cost tens of thousands of dollars and represent up to 50 percent of an EV's price tag, often making it uneconomical to replace them......»»
Microsoft plans mobile games app store to rival Apple and Google
Store could launch as soon as next year if regulators clear Activision Blizzard deal. Enlarge Microsoft is preparing to launch a new app store for games on iPhones and Android smartphones as soon as next year if its $7.....»»
Most mid-sized businesses lack cybersecurity experts, incident response plans
99% of all businesses across the United States and Canada are mid-sized businesses facing cybersecurity challenges, according to a Huntress report. Aimed to gain insights into organizational structure, resources and cybersecurity strategies, the resu.....»»
IT security spending to reach nearly $300 billion by 2026
Worldwide spending on security solutions and services is forecast to be $219 billion in 2023, an increase of 12.1% compared to 2022, according to IDC. Investments in hardware, software, and services related to cybersecurity are expected to reach near.....»»
Thailand smartphone market declines by 21% in 2022 to 16.6 million units, says IDC
According to the IDC Worldwide Quarterly Mobile Phone Tracker, the Thai smartphone market declined by 21%, ending 2022 with 16.6 million shipments, marking the lowest number of units sold in a year since 2014. Shipments fell 23% on year or to 4.2 mil.....»»
Asia Pacific security spending to grow 16.7% in 2023 with government taking lead, says IDC
According to IDC's latest Worldwide Semiannual Security Spending Guide, spending on security hardware, services, and software in Asia Pacific, excluding Japan, is expected to reach US$36 billion in 2023, an increase of 16.7% over the previous year......»»