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What does the chip law mean for chipmakers operating in the US?

The CHIP Act seeks to counter Chinas rise in advanced technology in the name of strengthening US competitiveness and protecting national security. Thi

The CHIP Act seeks to counter Chinas rise in advanced technology in the name of strengthening US competitiveness and protecting national security. This spending measure would provide $280 billion in science and technology funding, $52 billion of which would be used to boost U.S. semiconductor manufacturing. Chipmakers will not be able to produce highend chips larger than 28 nanometers in China for 10 years. The US Congress passed the Chips Act, which allows chipmakers to deduct 25% of the cost of a new factory or factories from the first years profits. The bill, which has yet to be signed into law, would give chipmakers an additional $24 billion in tax credits. Most of the federal subsidies are expected to go to Intel, TSMC and Samsung. In South Korea, they are all now building tens of billions of dollars worth of chip manufacturing facilities in the United States. Read More..

B2B Tech News | 2 years ago        

Business leader brings innovation to African entrepreneurs

Adekunle Adebiyi, the executive director of growth and partnerships at Itex Integrated Services, stressed the necessity for African businesspeople to

Adekunle Adebiyi, the executive director of growth and partnerships at Itex Integrated Services, stressed the necessity for African businesspeople to adopt an innovative mindset to support the continents economic growth. This information was made public during a session designed to help African entrepreneurs understand the most recent trends in generating revenue growth.This information was shared in an interactive session designed to help African entrepreneurs learn about the current trends in revenue growth, regardless of the industry in which they operate. Read More..

B2B Tech News | 2 years ago        

A startup in finance operations with ties to Apple raises money to go global

Indian startup Bluecopa, which builds a financial transaction automation platform for large enterprises, has raised $2.3 million. The seed funding rou

Indian startup Bluecopa, which builds a financial transaction automation platform for large enterprises, has raised $2.3 million. The seed funding round was led by Mumbaiheadquartered Blume Ventures with participation from Titan Capital, TFund, and Speciale Invest. Bluecopa claims to work with all the existing SaaS tools as well as Excel, Google Sheets, and all other platforms that finance teams use. Satya Chanda, cofounder, and CEO of Bluecopa, told TechCrunch that the gestation period with his platform is much smaller as it takes just four to six weeks to get it deployed at an organization. The Hyderabadbased startup refrained from revealing any of its clients but is targeting highvolume businesses, including ecommerce companies. Anirvan Chowdhury, vice president at Blume Ventures, said Apples acquisition of Buddhavarapus startup played an essential role in the venture funds investment decision. Read More..

B2B Tech News | 2 years ago        

Nedbank Teams Up With a Digital Deal Maker for its Clients

South African commercial bank Nedbank has announced an exclusive partnership with global trading platform Opportunity Network. The new partnership ena

South African commercial bank Nedbank has announced an exclusive partnership with global trading platform Opportunity Network. The new partnership enables Nedbank customers to grow their business on a trusted and globally recognized platform. Nedbank says that the subscription to be on the Opportunity Network platform will be free to its clients. Nedbank has launched an international deal network, which aims to improve the way of doing business and create equal access to opportunities. Customers who participated in the pilot program said the platform was a great way to break into new markets.The opportunities in South Africa are estimated to cover 60 different industries and will attract interest from partners around the world. Read More..

B2B Tech News | 2 years ago        

Singapore Bank OCBCs secondquarter profit jumps 28% on an upbeat outlook

OverseaChinese Banking Corp Ltd OCBC, Singapores secondlargest lender, reported a strongerthanexpected 28 percent increase in quarterly profit and pro

OverseaChinese Banking Corp Ltd OCBC, Singapores secondlargest lender, reported a strongerthanexpected 28 percent increase in quarterly profit and provided a positive outlook as rising interest rates increased its net interest margins. Singapore has loosened most of its COVID19 local and travel restrictions since early April of this year. As a result, banks are benefiting from the Asian financial hubs rebound in economic recovery. In the opening hours of Singaporean trade on Wednesday, the banks shares increased 1.35 percent in a largely flat market. Singapore banks are expected to report 10 basis points of net interest margin expansion in AprilJune on a quartertoquarter basis, the highest over the last eight quarters, outperforming Asian peers, JPMorgan analysts said last month. Read More..

B2B Tech News | 2 years ago        

Ton launches a campaign to encourage the use of mobile phone cards in Brazil

TapTon is a revolutionary mobile card payment technology in Brazil. TapTon turns your phone into a device and works on Android starting with version

TapTon is a revolutionary mobile card payment technology in Brazil. TapTon turns your phone into a device and works on Android starting with version 9.0 using NFC proximity technology. designed to make the lives of independent customer entrepreneurs easier accept payments from NFC phones, cards, and smart watches using TapTon technology. Since it is softwarebased, the car is downloaded to the smartphone. TapTon is also a financial education tool for many business owners regarding card authorization and digital account management. Read More..

B2B Tech News | 2 years ago        

Swinburne is working to increase the number of tech jobs for Australians

The Tech Council of Australia has published the Digital Employment Forum report. Reaching 1.2 Million Roadmap to Building a Thriving Australian Tech W

The Tech Council of Australia has published the Digital Employment Forum report. Reaching 1.2 Million Roadmap to Building a Thriving Australian Tech Workforce This forum was created through a partnership between TCA and the Digital Skills Organization to address Australias tech talent crisis. The Swinburne University of Technology is proud to be the forums founding employment and training partner. A paid course with industry partner Amazon Web Services AWS, this program offers students work 3 days a week at AWS while studying parttime at Swinburne. It is the first type of cloud education that prepares students for indemand careers in cloud computing. It is part of the Southern Hemispheres first global network of cloud innovation centers powered by AWS. Read More..

B2B Tech News | 2 years ago        

The Indian government is buying 356.5 billion barrels of Tullow oil in Turkana

Two Indian government companies are in talks to buy Tullow Oils stake in Turkana oil projects in a deal valued at more than Sh356.5 billion $3 billion

Two Indian government companies are in talks to buy Tullow Oils stake in Turkana oil projects in a deal valued at more than Sh356.5 billion $3 billion. It is one of the largest contracts in Kenyas history, giving a foreign government a stake in efforts to improve oil production infrastructure. India has accused state oil companies of buying foreign assets to increase the security of its energy supply. Kenya has set a deadline for Tullow to submit a comprehensive investment plan for Turkana oil production or risk losing concessions for two exploration fields. The Energy Ministry downplayed concerns about delays in realizing Kenyas oil dream, saying plans are finally taking shape. Tullow had previously announced plans to sell much of its 50 % stake in parcels after it ran into financial difficulties. Read More..

B2B Tech News | 2 years ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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