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Chinese Premier Welcomes Samsung Chairmans Further Investment in China

During their meeting in Seoul, Chinese Premier Li Qiang warmly welcomed Samsung Chairman Jay Y. Lee and encouraged him to invest more in China. This a

During their meeting in Seoul, Chinese Premier Li Qiang warmly welcomed Samsung Chairman Jay Y. Lee and encouraged him to invest more in China. This act was made amid the geopolitical unpredictability that international companies encountered in the Chinese market. The threeway meetings between the Asian neighbours took place ahead of a historic summit that featured Li, South Korean President Yoon Suk Yeol, and Japanese Prime Minister Fumio Kishida. These conversations had not taken place in more than four years. Over the last six years, Samsung Electronics has already made $24 billion in investments in China. China is open to international investment and cooperation to stabilise industrial supply chains, as demonstrated by Lis meeting with a Samsung executive, despite obstacles arising from U.S.China tensions and export restrictions on advanced semiconductors. Read More..

B2B Tech News | 1 years ago        

Google to Invest in Flipkarts Latest Funding Round Led by Walmart

With regulatory permissions pending, Flipkart has revealed that Google would participate as a minority investor in its most recent investment round, w

With regulatory permissions pending, Flipkart has revealed that Google would participate as a minority investor in its most recent investment round, which Walmart is heading. Googles investment will help Flipkart grow and modernise Indias digital infrastructure. Cloud services will also be part of the agreement to improve Flipkarts business processes. The grocery category on Flipkart has grown significantly—1.6 times more than it did the previous year. Nextday delivery is available in more than 200 locations, including tier 2+ towns and metropolises, through the Flipkart Grocery service. Furthermore, according to Flipkart, over 50% of food deliveries are made with electric cars, and EV deliveries have grown by an astounding 140% annually. Read More..

B2B Tech News | 1 years ago        

Google to Produce Pixel Smartphones in Indias Tamil Nadu State with Foxconn Partnership

According to reports, Alphabets Google and Taiwans Foxconn are preparing to make Pixel smartphones in Tamil Nadu, India. According to sources, Foxconn

According to reports, Alphabets Google and Taiwans Foxconn are preparing to make Pixel smartphones in Tamil Nadu, India. According to sources, Foxconns current Tamil Nadu plant will produce the newest Pixel models. This move aligns with a broader trend among global manufacturers to diversify their supply chains away from China, considering India a viable alternative. The decision followed negotiations between Tamil Nadu officials and Google executives. Interestingly, this investment in Tamil Nadu differs from the previously announced partnership between Dixon and Google for Indian smartphone manufacturing. Authorities in Tamil Nadu, Foxconn, and Google have yet to respond to requests for comment. Read More..

B2B Tech News | 1 years ago        

Itochu Partners with Google to Advance Renewable Energy Goals in Japan

Itochu signed a longterm power supply agreement with Google on Friday, marking a significant milestone that would help the internet giant achieve its

Itochu signed a longterm power supply agreement with Google on Friday, marking a significant milestone that would help the internet giant achieve its goals in Japan with renewable energy. Itochu wants to start supplying Google with solar electricity in 2024 through its portfolio firm, Clean Energy Connect CEC. It can deliver up to 72 megawatts by 2026. This calculated action demonstrates Itochus dedication to the renewable energy industry, especially in addressing the growing need brought on by data centre operations and generative artificial intelligence. The partnership strengthens Itochus position as a major player in Japans renewable energy sector. It represents a significant step towards Googles sustainability ambitions. Read More..

B2B Tech News | 1 years ago        

ECOWAS Faces Renewal Amid Internal Divisions and External Pressures

Amid recent coups and economic turmoil in West Africa, ECOWAS seeks regeneration amid challenges from internal divisions and foreign forces such as th

Amid recent coups and economic turmoil in West Africa, ECOWAS seeks regeneration amid challenges from internal divisions and foreign forces such as the Alliance of Sahel States. Initiatives for discussion and the election of a new president in Senegal provide optimism for revitalization. International economist Magaye Gaye asserts that for ECOWAS to continue playing an economic role, it has to concentrate on industrial complementarity, energy, industry, integration, and intraregional commerce. Meanwhile, diplomatic tensions, intensified by Chinas intervention, are reflected in the impasse between Benin and Niger over crude oil loading and border closure. The reopening of the border still needs to be revised despite discussions. With 60 MW of power already in service, the Nachtigal Dam in Cameroon solves the countrys energy challenges and helps alleviate Doualas power outages. Read More..

B2B Tech News | 1 years ago        

Intuit Reports Surge in Revenue in Q3 Driven by Demand for AIIntegrated Products

Due to a successful tax season and high demand for its AIintegrated products, such as TurboTax, Intuit saw a spike in sales in the third quarter. Intu

Due to a successful tax season and high demand for its AIintegrated products, such as TurboTax, Intuit saw a spike in sales in the third quarter. Intuits financial management solutions, including TurboTax, Credit Karma, and QuickBooks, are highly soughtafter by small businesses and individuals alike. With tailored financial advice, the companys AIpowered Intuit Assist further improves the client experience. CEO Sasan Goodarzi highlighted AIdriven SKUs. Intuit increased its projected yearly revenue to $16.16–$16.20 billion as the postCOVID world returns to routine with tax season approaching. Revenue for the third quarter increased by 12% to $6.74 billion, driven mainly through small business and consumer market growth. Read More..

B2B Tech News | 1 years ago        

U.S. Jury Orders Micron Technology to Pay $445 Million in Damages to Netlist

A U.S. jury has mandated that Micron Technology, a semiconductor manufacturer, reimburse Netlist $445 million for patent infringement related to memor

A U.S. jury has mandated that Micron Technology, a semiconductor manufacturer, reimburse Netlist $445 million for patent infringement related to memory modules. The jury decided in favour of Netlist, finding that Microns semiconductormemory devices violated two patents that improved the performance and capacity of memory modules. In a verdict involving deliberate infringement, damages might be tripled. Boise, Idahobased Micron has yet to reply. The lawyer for Netlist conveyed appreciation to the jury for recognising its originality. This comes after Netlist defeated Samsung in a lawsuit worth $303 million. The ruling amount may affect Microns stock rise, especially after a recent patent office tribunal nullified one of Netlists patents. Read More..

B2B Tech News | 1 years ago        

Tesla Directs Suppliers to Move Production Outside China and Taiwan

A major strategic step was made by Tesla when it ordered parts suppliers for cars sold outside of China to transfer their production away from Taiwan

A major strategic step was made by Tesla when it ordered parts suppliers for cars sold outside of China to transfer their production away from Taiwan and China by the end of the following year. Essential parts, including printed circuit boards, displays, and electronic control units, are apparently covered in the guide. This change implies that Tesla wants to lessen its dependency on China and Taiwan and diversify its supply chain to minimise geopolitical risks and maintain business continuity. Tesla hopes to improve resilience against interruptions by distributing manufacturing across many areas. This also provides the company with logistics, cost control, and market access benefits. However, Tesla and its suppliers must successfully negotiate any obstacles from this transition, including supply chain reorganisation and operational changes. Read More..

B2B Tech News | 1 years ago        



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