ITBEAR

EU Sovereign Instant Payment System wero Launches: Cross-Border Transfers Completed Within 10 Seconds

July 03, 2024 – The European Payments Initiative (EPI) has unveiled a groundbreaking instant payment system, dubbed ‘wero’, ushering in a new era of seamless transactions across the European Union. Initially, this sovereign payment platform will be accessible to customers of Germany’s Volksbanken and Sparkassen banks, marking a significant step towards financial independence and unity…

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Facing Sony CIS Capacity Constraints, Apple Tests Samsung CMOS as Secondary Supplier for iPhone 16 Series

July 03, 2024 – In a significant shift from its traditional reliance on Sony for CMOS Image Sensors (CIS), Apple is reportedly advancing plans to diversify its supply chain by incorporating Samsung Electronics as a secondary supplier. According to sources cited by TheElec, Samsung’s System LSI division is currently undergoing final quality assessments for its…

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Samsung’s Exynos 1580 Chipset, Codenamed ‘Santa,’ Unveiled for Next Year’s Galaxy A56 Launch

July 03, 2024 – Groundbreaking revelations from the Dutch tech outlet Galaxy Club have sparked excitement in the tech community, as they unveiled details of Samsung’s upcoming Exynos 1580 chipset, internally codenamed “Santa,” destined to power the Galaxy A56 smartphone set for release next year. This announcement comes on the heels of Samsung’s successful launch…

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US Chip Industry Faces Talent Crunch, Plans Heavy Investment to Bridge the Gap

July 03, 2024 – The Biden administration has announced a new initiative aimed at bolstering the U.S. computer chip workforce, in an effort to counteract the potential threat posed by labor shortages to domestic semiconductor production. Dubbed the “Workforce Partner Alliance,” the program will tap into a portion of the 5billionfederalfundsreservedforthenewlyestablishedNationalSemiconductorTechnologyCenter(NSTC).TheNSTCintendstoawardsubsidiestoupto10labordevelopmentprojects,withbudgetsrangingfrom500,000 to $2 million each….

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Meta’s First AR Glasses to Be a ‘Time Machine’ for the Future

July 03, 2024 – Last week, Mark Zuckerberg, the CEO of Meta, publicly discussed the company’s AR glasses prototype, hinting at its possible debut at Meta Connect 2024 in September. According to Zuckerberg, early testers have expressed great excitement after trying out the prototype. Echoing Zuckerberg’s sentiments, Meta’s Chief Technology Officer, Andrew Bosworth, spoke about…

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Microsoft’s Ex-CEO Ballmer Tops Founder Gates in Wealth for the First Time, Ranking 6th Globally

July 02, 2024 – According to the latest data released by the Bloomberg Billionaires Index, Steve Ballmer has surpassed Microsoft co-founder Bill Gates to become the world’s sixth-richest person, with a net worth of $157.2 billion. Media reports cite two primary reasons for Ballmer’s rise in wealth relative to Gates. Firstly, Ballmer, who remains the…

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MediaTek Collaborates with Vietnamese Enterprises to Launch ‘Made in Vietnam’ Chips

July 02, 2024 – At the end of June, Finbarr Moynihan, Global Marketing General Manager and Vice President of MediaTek, announced that they are collaborating with multiple Vietnamese enterprises to develop “Made in Vietnam” chips. According to reports from Vietnamese media, Vietnam Investment Review and VnExpress, Moynihan stated at an event in Ho Chi Minh…

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