Qualcomm to Lay Off 226 Employees in San Diego This November
September 21, 2024 – According to the San Diego Union-Tribune, Qualcomm is set to lay off 226 employees in San Diego later this year. The layoffs, effective during the week of November 12th (November 11th to 17th), were announced under the California WARN (Worker Adjustment and Retraining Notification) Act. The job cuts will impact staff…
Neta Automobile Secures BRL 1 Billion from Latin America’s Top Bank for Charging Infrastructure
September 21, 2024 – Neta Automobile has announced a strategic partnership with Latin America’s largest investment bank, BTG Pactual, and Brazilian import trader Sertrading. According to Neta, the financial support of 1 billion Brazilian reais provided by BTG Pactual and Sertrading will be utilized for import services, charging infrastructure development, and other related areas in…
After CrowdStrike’s ‘Global Thanos Snap,’ 10% of German Firms Opt for New Security Vendors
September 20, 2024 – According to a report published by theregister on September 19th, the German Federal Office for Information Security (BSI) has revealed that one out of every ten organizations in Germany has abandoned their current supplier’s products due to the CrowdStrike incident in July. The BSI released the findings of a survey conducted…
Counterpoint Reveals: Apple’s AI Not Enough to Trigger iPhone 16 ‘Super Cycle’
September 20, 2024 – According to a blog post released today by market research firm Counterpoint Research, Apple Intelligence is unlikely to significantly boost sales of the iPhone 16 series, predicting that the industry will not enter into a “super cycle” this year. The term “super cycle” refers to periods of exceptional growth in iPhone…
Major Acquisition: Luxshare Precision Pays 4.1 Billion Yuan for Leoni Group, a Top Player in Automotive Wiring Harnesses
September 20, 2024 – On September 17th, Leoni AG, a renowned manufacturer of automotive wire harnesses, signed a share purchase agreement with Chinese company Luxshare Precision. Under the terms of the agreement, Luxshare Precision will acquire 50.1% of Leoni Group’s shares and 100% of its wholly-owned subsidiary, Leoni Kabel (hereinafter referred to as “Leoni K”),…
Apple’s Initial 5G Chip Faces Limitation: No Millimeter Wave Support
September 20, 2024 – According to a report by DigiTimes, Apple’s first version of its self-developed 5G modem, also known as a baseband, does not support millimeter wave technology. This revelation suggests that Apple may continue to rely on its current 5G chip supplier, Qualcomm, to furnish 5G chips for iPhone models that require millimeter…
Norway Leads the Way: Electric Car Ownership Tops Gasoline Vehicles
September 20, 2024 – Despite being rich in oil resources, Norway has now emerged as a global leader in vehicle electrification. According to the latest vehicle registration data released by the Norwegian Road Federation (OFV), the country has surpassed a significant milestone with the number of electric cars exceeding that of gasoline-powered vehicles, making it…
5 Key Motivations for Distributed Database Adoption in the Telecom Industry
The communications industry is on a continuous upward trajectory, which has resulted in a massive surge in data consumption, the proliferation of connected devices, and the increasing demand for high-speed networks. With this rapid expansion comes unprecedented challenges in managing, storing, and processing vast amounts of data. However, legacy enterprise database systems are challenging to…
Apple Expands iPhone 16 Production to Brazil, Joining China and India
September 19, 2024 – According to a report by tech media MacMagazine, Apple has expanded its iPhone 16 assembly operations to include Brazil, in addition to China and India. The report cites Brazilian regulatory documents revealing that the assembly of these devices is being carried out at a Foxconn factory located in the city of…
Faraday Future Welcomes Koti Meka as New Chief Financial Officer, Succeeding Jonathan Maroko
September 19, 2024 – Faraday Future has announced today that Jonathan Maroko has notified the company of his decision to resign from his position as Interim Chief Financial Officer, effective from September 20, 2024. According to the announcement, on September 17, 2024, the company’s board of directors appointed Koti Meka as the new Chief Financial…