Yandex Changes Hands: Dutch Parent Company Sells to Russian Investors for $5.4B
July 16, 2024 – This week, a significant deal in the technology sector was finalized, as reported by Reuters. The Russian tech giant Yandex has reached an asset division agreement, with a consortium of Russian investors acquiring a majority of Yandex’s business in a cash and stock transaction valued at approximately $5.4 billion. Founded during…
IDC Reports: Global Smartphone Shipments Reach 285.4 Million Units in Second Quarter, with Samsung, Apple, Xiaomi, vivo, and OPPO Leading the Pack
July 15, 2024 – The International Data Corporation (IDC) has unveiled its latest quarterly report on global smartphone shipments, revealing a robust 6.5% year-on-year growth for the second quarter of 2024, totaling 285.4 million units. This marks the fourth consecutive quarter of shipment increases, fueling optimism for the year’s anticipated recovery, albeit with lingering market…
Apple’s India Revenue Skyrockets 33% to an All-Time High of Nearly $80 Billion
July 15, 2024 – Apple Inc. has achieved a remarkable milestone in India, with its annual sales soaring to a record-high of nearly $80 billion, underscoring the significance of this rapidly expanding market. The tech giant has intensified its presence in the country by assembling more devices locally and establishing two flagship stores, marking a…
Elon Musk Reveals: Two Attempted Assassinations in the Past 8 Months
July 15, 2024 – In a recent turn of events, following the attempted assassination of Donald Trump, the U.S. presidential candidate, at a rally in Butler, Pennsylvania last Saturday, Elon Musk, CEO of Tesla, has revealed that he himself has faced two assassination attempts in recent months. Expressing his wishes for Trump’s “swift recovery” after…
As Fortunes Falter, Reports Surface of Samsung Electronics Staff Contemplating SK Hynix Move
July 15, 2024 – Amidst mounting internal turmoil, Samsung Electronics is grappling with a series of crises that have shaken the tech giant to its core. Beyond the headlines of a nationwide strike led by the powerful Samsung Electronics National Union (SENU), whispers of employee defections to SK Hynix have added fuel to the fire….
The Energy Footprint of Tech Giants: Google and Microsoft Exceed Electricity Usage of Over 100 Nations in 2023
July 15, 2024 – A staggering revelation has emerged regarding the colossal energy consumption of tech giants Google and Microsoft, as Michael Thomas’s analysis underscores their respective annual electricity usage at a whopping 24 terawatt-hours (TWh) in 2023, surpassing the total power demands of over 100 nations, including Iceland, Ghana, and Tunisia. This colossal energy…
Financial Constraints Stall Rural American Operators’ Push to Replace Huawei, ZTE Gear
July 15, 2024 – The Federal Communications Commission (FCC) has unveiled a distressing update on the progress of removing Chinese-made telecommunications equipment from rural American networks, highlighting significant financial constraints that have hindered the completion of the mandated task. According to the latest FCC report, a staggering over 40% of rural carriers have been unable…
CATL Aims to Raise $1.5 Billion for Global Supply Chain Development
July 13, 2024 – According to a report by the Financial Times today, CATL, the world’s largest electric vehicle battery manufacturer, is currently in negotiations with overseas sovereign wealth funds and the private offices of ultra-high-net-worth individuals to raise a $1.5 billion fund for establishing its global supply chain. The report, citing informed sources, stated…
Micron Faces HBM3E Memory Packaging Defect, Disrupting Supplies to NVIDIA’s H200
July 13, 2024 – According to a report by ZDNet Korea, Micron’s HBM3E memory encountered a packaging defect last month, causing heating issues and disrupting the mass production process. Micron announced the mass production of its HBM3E memory based on the 1β process on February 26, 2024, and began supplying NVIDIA with the memory in…
AT&T Hack Exposes Phone and Text Records of Numerous Users
July 13, 2024 – AT&T disclosed on Friday that hackers had breached a third-party cloud platform, compromising a significant amount of customer data. The stolen information encompassed phone numbers of cellular and landline customers, along with their call and text records spanning a six-month period from May 1, 2022, to October 31, 2022. Additionally, the…