After Announcing 7,000 Layoffs, Continental AG to Cut 3,000 More R&D Jobs in Germany
February 19, 2025 – According to a report by Reuters, the German Continental AG announced on Tuesday local time that its automotive division plans to cut 3,000 research and development jobs by the end of 2026. This layoff measure is being implemented in addition to the previously announced reduction of 7,000 jobs, as part of…
Samsung’s Galaxy S24 Series Boosts Sales with Introduction of Galaxy AI
March 12, 2024 – Samsung’s Galaxy S24 series, released earlier this year, has introduced “Galaxy AI,” a suite of features that includes both on-device AI capabilities and a comprehensive cloud-based AI experience. According to data from market research firm Counterpoint Research, global sales of the Galaxy S24 have increased by 8% compared to the previous…
Samsung Implements New Strategy: Linking Employee Bonuses to Stock Performance
January 20, 2025 – Samsung Electronics, the South Korean technology giant, is navigating through one of the most challenging periods in its history. The company has seen a significant decline in its share price over the past six months, primarily due to issues within its memory and semiconductor chip business. In response to this predicament,…
NVIDIA CEO Confirms and Addresses Major Blackwell GPU Defect
October 25, 2024 – Earlier this year, NVIDIA made waves in the tech industry with the announcement of their new high-performance GPU, Blackwell, in March. The company then proceeded to announce sampling in August, followed by large-scale production. It seemed like everything was going according to plan as NVIDIA began delivering the product to customers…
Tesla’s Model 2: Affordable, Practical, and Coming in 2025
October 20, 2023 – Elon Musk announced during a recent earnings call that deliveries of the Cybertruck electric pickup will commence on November 30th. Furthermore, the forthcoming Model 2 is set to emphasize “practicality” and will boast a production speed far exceeding that of the Cybertruck. During the call, Musk revealed that Tesla’s soon-to-be-released, budget-friendly…
Seagate Completes Acquisition of Upstream Supplier Intevac, Strengthening HDD Position
April 3, 2025 – Seagate, a leading manufacturer of hard disk drives (HDDs), has announced the completion of its acquisition of Intevac, a supplier of upstream equipment, on March 31st, local time. The deal, valued at approximately 109million,wasfinalizedatapriceof4 per share as offered by Seagate. Intevac specializes in the manufacturing, sales, maintenance, and upgrading of thin-film…
Volkswagen CFO Advocates Cost Reduction Over Tariffs to Compete With Chinese EVs
May 27, 2024 – According to a report by Bloomberg, Arno Antlitz, the Chief Financial Officer of Volkswagen, stated this week that imposing higher import tariffs on Chinese-made electric vehicles by the European Union would only provide a “temporary breather.” In the long run, he emphasized, cost reduction remains the essential condition for maintaining competitiveness….
Breaking News: Fujifilm to Release GFX Medium Format Camera with 28mm F/3.2 Lens in 2024
July 26, 2024 – Exclusive Insights into Fujifilm’s Upcoming GFX Fixed-Lens Medium Format Camera In a groundbreaking revelation today, FujiRumors has unveiled comprehensive details about Fujifilm’s forthcoming GFX fixed-lens medium format digital camera, slated for release next year. This innovative offering promises to revolutionize the photography landscape with its unique blend of features, centered around…
Samsung’s Galaxy S24 Ultra vs. S23 Ultra: A Detailed Look at the Latest Innovations
December 07, 2023 – In the realm of smartphone innovation, the recent unveilings of Samsung’s Galaxy S24 Ultra and S23 Ultra models have sparked considerable interest among tech enthusiasts. These models, showcased through a series of comparison images by the renowned blogger @i Cosmos on a social media platform, reveal intriguing design evolutions and technical…
Xiaomi to Launch First Car in 2024
According to multiple media reports, during a Xiaomi Group investor event, Xiaomi’s founder Lei Jun disclosed the latest progress of the company’s automotive business. Lei Jun said that he spends half of his time on the automotive business and invested over 3 billion RMB in new businesses such as automobiles in 2022. The company’s automotive…