Utilization Rates Plummet for Korea’s Top Battery Makers Amid EV Demand Drop
January 2, 2025 – According to a report published today by Business Korea, the utilization rates of factories belonging to LG Energy Solution, Samsung SDI, and SK On – the three major Korean battery companies – have significantly declined due to the global slump in demand for electric vehicles (EVs). This downturn has prompted these…
Tesla’s Giga Texas ‘Cybertunnel’ Nears Completion, Resembles a Cybertruck at the Exit
December 31, 2024 – Tesla’s Gigantic Texas factory, known as Giga Texas, is in the final stages of completing a unique project dubbed the “Cybertunnel”. Although the construction workers seem to have missed the deadline for a New Year’s completion, the project is increasingly resembling a Cybertruck in its appearance. Earlier this month, Joe Tegtmeyer,…
USB-C Takes Over Europe: Apple Joins the Standard, Simplifying Charging
December 31, 2024 – The European Commission has announced a new regulation effective immediately, mandating that all new mobile devices sold within the European Union must be equipped with a USB-C charging port. This measure aims to standardize charging methods, reduce electronic waste, and enhance consumer convenience. The new rule encompasses a wide range of…
Samsung Invests 267 Billion Won, Takes Top Spot in Rainbow Robotics and Forms Future Robotics Office
December 31, 2024 – In a regulatory filing on Tuesday, Rainbow Robotics, a Korean robotics company, revealed that Samsung Electronics has emerged as its largest shareholder. According to the document, Samsung acquired a significant stake in Rainbow Robotics, investing 267 billion Korean won. Prior to this transaction, Samsung Electronics held a 14.71% share, equivalent to…
Volocopter, Backed by Mercedes and Geely, Files for Insolvency Protection
December 31, 2024 – Volocopter, the German electric air taxi company, has filed for insolvency protection, joining a list of similar startups struggling with financial difficulties. The company intends to continue operations while seeking new investors. In a statement, Volocopter’s CEO Dirk Hoke said, “We have been ahead of our industry peers in terms of…
EU Gives Green Light to NVIDIA’s $700M Purchase of AI Venture Run:ai
December 31, 2024 – Chip giant NVIDIA has recently finalized the acquisition of Israeli AI startup Run:ai, following antitrust scrutiny of the deal. The European Commission granted unconditional approval for NVIDIA’s $700 million acquisition plan earlier this month. In October, the EU had flagged the transaction for antitrust review, with regulatory bodies cautioning that it…
Napoleonic Wars to WWII: Mercedes Logo Supplier’s Journey Ends in Bankruptcy
December 30, 2024 – Gerhardi Kunststofftechnik GmbH, a German plastics technology company that survived Napoleon’s invasion, the Great Depression, and two World Wars, has succumbed to the current downturn in the European automotive industry. Established in 1796, Gerhardi Kunststofftechnik initially began manufacturing metal products. Its mastery of injection molding and hot stamping led it to…
AI Smartphones: Japan Trails in Global Awareness, Survey Shows
December 30, 2024 – The application of Generative Artificial Intelligence (Gen AI) technology in the smartphone industry has emerged as a trending topic. According to a recent survey conducted by Counterpoint Research across seven countries, including the United States, Canada, the United Kingdom, France, Germany, Poland, and Japan, the awareness and adoption of Gen AI…
Cybersecurity Threat: 98% of Leading EU Firms Reported Hacker Intrusions and Data Leaks in the Past Year
December 30, 2024 – According to a recent report published by SecurityScorecard, third-party data breaches have emerged as one of the greatest cybersecurity threats facing businesses in the European Union. The security company’s latest research, which analyzed the top 100 companies in Europe, revealed that 98% of these organizations have suffered hacker attacks and experienced…
2024 Survey Reveals Americans Checking Phones 205 Times a Day, Up 42.3% From Last Year
December 30, 2024 – A recent survey conducted by Reviews.org has revealed that Americans check their phones an astonishing 205 times per day, which translates to approximately once every five minutes. This year, a typical American smartphone user will spend a total of two and a half months just looking at their phone. In the…