Tech News
Microsoft Spends Hundreds of Millions on Carbon Credits to Offset AI’s Environmental Impact
July 11, 2024 – In a significant move to support its overall carbon strategy, Microsoft has recently signed a contract with Occidental Petroleum, agreeing to purchase 500,000 tons of carbon dioxide removal (CDR) “credits” over the next six years. The tech giant has been aggressively expanding its data centers to fuel the growth of the…
Dyson to Cut Nearly One-Third of UK Workforce, Affecting Around 1,000 Jobs
July 10, 2024 – Dyson, the iconic British technology giant, has unveiled plans to reduce its workforce in the United Kingdom by approximately 1,000 employees, constituting roughly a third of its domestic staff count, as part of a broader restructuring strategy, according to a report by the Financial Times. In a confidential communication on Tuesday,…
Samsung Electronics Faces Indefinite Strike as Union Demands Pay Rise and Better Benefits
July 10, 2024 – In a decisive move, the largest labor union at Samsung Electronics, the Korean National Union of Samsung Electronics Workers (KNUSEW), has announced an indefinite strike action, citing the company’s management’s reluctance to engage in meaningful dialogue. The announcement comes as a culmination of ongoing tensions between the union and the tech…
Samsung Electronics to Manufacture 2nm AI Chips for Japanese Startup Preferred Networks
July 09, 2024 – In a groundbreaking move, Samsung Electronics has revealed its successful collaboration with Japanese AI startup Preferred Networks. The tech giant has secured a deal to provide Preferred Networks with a comprehensive, turnkey semiconductor solution dubbed Interposer-Cube S (I-Cube S), leveraging cutting-edge 2nm GAA process technology and advanced 2.5D packaging techniques. This…
Kantar BrandZ Report: AMD Surpasses Intel in Brand Value, NVIDIA Tops Growth Chart
July 09, 2024 – In a major shakeup of the tech industry, AMD has emerged victorious over Intel in the prestigious Kantar BrandZ’s “Most Valuable Global Brands 2024” ranking, while NVIDIA takes the spotlight for its remarkable brand value growth. This development underscores the profound impact of the AI revolution on the technology landscape. AMD’s…
Apple Reportedly Revives iPad Production Plans in India, Hinting at Mac Line Expansion
July 09, 2024 – A groundbreaking revelation by Moneycontrol yesterday, July 8, indicates that Apple Inc. is reassessing its strategy for iPad production in India, buoyed by robust government incentives and other compelling factors. The Indian government, in a bid to bolster domestic IT manufacturing, is poised to unveil a comprehensive package of rewards and…
TSMC Customers Agree to Price Hike for Reliable Supply
July 08, 2024 – According to a report recently released by Macquarie Securities, most of TSMC’s customers have agreed to an increase in foundry prices in exchange for reliable supply, which is expected to drive TSMC’s gross profit margin to climb further. Analysts estimate that TSMC’s gross profit margin will rise to 55.1% in 2025…
Samsung Faces Chip Production Disruption as Over 6,500 Workers Strike for Higher Wages and Bonus Adjustments
July 08, 2024 – Over 6,500 workers at Samsung Electronics have walked off their jobs today, demanding higher wages and adjustments to the performance-based bonus system. The strike, led by the Korean labor union, is intended to convey these demands to Samsung management through a three-day protest. Negotiations between the two parties regarding salary and…
Gurman Reveals: Apple Watch Series 10 to Be Bigger, Slimmer, But New Health Features May Be Delayed
July 08, 2024 – Apple is gearing up for a significant revamp of its Apple Watch line this year, with reports indicating that the upcoming Apple Watch Series 10 will feature a larger screen, a slimmer design, and a more powerful processor. However, the tech giant has encountered some hurdles in introducing new health-related functionalities….
HMD Global Revives Nokia’s Colorful Polycarbonate Wired Headphones from the 2012 Era
July 08, 2024 – According to recent leaks from the source @HMDMeme, HMD Global is set to release a remake of the popular Nokia Lumia smartphone, dubbed the “Skyline.” This upcoming device is not only a nod to the past but also packs impressive modern specifications. The Skyline is rumored to be powered by the…