CATL Launches First European Factory in Germany
Contemporary Amperex Technology Limited (CATL) is a Chinese battery manufacturer that has launched its first factory in Europe in Arnstadt, Germany. This marks the company’s first factory outside of China. The factory is expected to have an annual production capacity of 30 million cells, enough to assemble 185,000 to 350,000 electric vehicles. The project has…
Intel’s 2022 Q4: A Disappointing Turnaround with a $700 Million Net Loss
Intel announced its fourth quarter financial results for 2022. The company reported a net loss of $700 million, a significant reversal from the previous year’s profit of $3.4 billion. The loss was attributed to a number of factors, including increased competition and a slowdown in the personal computer market. One of the biggest reasons for…
Tencent Shareholder Prosus and Parent Company Naspers to Cut 30% of Workforce
Dutch technology investment company Prosus and its South African parent company Naspers have announced that they will be cutting 30% of their workforce at their offices worldwide. This move comes as the company aims to focus on specific areas and reduce costs. A spokesperson for Prosus stated, “We are adapting to changes in the macro…
Amazon’s Second Wave of Layoffs: Over 3,000 Employees in New York, California, and Washington to be Affected
Amazon has recently announced that over 3,000 of its employees in New York, California, and Washington will be losing their jobs. This is part of the company’s second round of large-scale layoffs. The company has submitted layoff notices to these three states in accordance with legal requirements over the past two weeks. According to documents,…
Apple’s iPhone 15 to Feature Wi-Fi 6E for Improved Wireless Connectivity
According to a recent research report shared by analysts at Barclays, the upcoming iPhone 15 series will be equipped with Wi-Fi 6E support. This is a significant development for Apple as it will bring faster wireless speeds and better performance to the iPhone. Wi-Fi 6E is an enhanced version of the Wi-Fi 6 standard and…
Strong Demand Drives Nokia’s Expectation of Increased Sales in 2023
Nokia, a leading provider of telecommunications equipment, is expecting to see an increase in sales for 2023 due to the deployment of 5G technology in regions such as India. The deployment of 5G networks is expected to drive demand for a wide range of equipment, including base stations, core network infrastructure, and mobile devices. As…
Samsung Galaxy S23 Series to be officially unveiled on February 23rd
The Samsung Galaxy S23 series is set to be officially unveiled at the upcoming Galaxy Unpacked event on February 2nd. As the launch date approaches, more details about the new device have been leaked. One of the most significant updates to the Galaxy S23 series is the inclusion of the Qualcomm Snapdragon 8 Gen 2…
Alphabet to Lay off 12,000 Employees Amid Accelerated Tech Industry Cutbacks
Alphabet, the parent company of Google, has announced that it will lay off 12,000 employees in a memo to staff. This move comes as the latest indication of accelerated layoffs in the US tech industry. In a similar move, Microsoft, a competitor of Google, announced on January 18th that it will lay off 10,000 employees…
Uber partners with car manufacturers for low-cost electric vehicles for ride-hailing and delivery
Uber is reportedly working with car manufacturers to design cost-effective electric vehicles for its ride-hailing and delivery services. This is part of the company’s effort to electrify its fleet. Uber CEO Dara Khosrowshahi announced at an event that the company is collaborating with manufacturers to develop vehicles that are optimized for urban use, transporting passengers…
Innovative waterdrop hinge design showcased in Samsung’s latest foldable prototype
Samsung Display, a subsidiary of Samsung Electronics, showcased a new prototype display and hinge at CES 2023. The “Flex In & Out” display is capable of rotating 360 degrees, allowing it to support both inward and outward folding. The display also features a new hinge design called “waterdrop hinge,” which is said to produce less…