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Intels Bold Move Massive Chip Plant in Kiryat Gat to Strengthen Global Supply Chain

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chi

The largestever investment by a firm in Israel, Intel, is expected to get a $3.2 billion subsidy from the Israeli government for a new $25 billion chip facility in southern Israel. The action, which shows strong support for Israel throughout its fight with Hamas, comes at a time of tension. As part of its plan to improve its worldwide supply chain, Intel is expanding in Kiryat Gat, close to Gaza. With the grant, Intel will pay a corporate tax rate of 7.5%, equivalent to 12.8% of the entire investment. The Fab 38 factory is anticipated to begin operations in 2028 and run for several years, employing thousands of people. Read More..

B2B Tech News | 4 months ago        

Nigerias Central Bank Reverses Crypto Ban, Citing Global Trends and the Need for Regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation

In a December 22 circular, Nigerias Central Bank relaxed the prohibition on cryptocurrency transactions, citing the necessity for worldwide regulation of such activity. To combat the dangers of money laundering and terrorism funding, the prohibition was implemented in February 2021. The new recommendations outline how banks and other financial organisations should manage the accounts, settlements, and foreign exchange operations of companies that deal with cryptocurrency assets. Virtual Asset Service Providers VASPs need to hold a licence from the Nigerian SEC to operate in the cryptocurrency market. The regulation change has not changed the fact that banks are still prohibited from possessing, trading, or dealing with cryptocurrencies. Nigerias techsavvy populace has demonstrated a strong interest in cryptocurrencies, as seen by Chainalysiss 9% YoY rise in transaction volume. Read More..

B2B Tech News | 4 months ago        

Yandex Restructuring Faces Delay Completion Now Expected in Early 2024

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be

According to three sources acquainted with the discussions, the reorganisation of the Russian IT giant Yandex, listed on the Nasdaq, is expected to be delayed until early 2024. Known as "Russias Google," Yandex has been negotiating to split its Russian operations from Yandex NV, its Dutch parent firm, for over a year with the Kremlin. Initially scheduled for completion in December, the restructure attempts to preserve access to Western markets in the face of sanctions. Yandex is seeking clearance from Russian authorities and shareholders for the deal, which entails selling its primary revenuegenerating Russian operations before going global. The registration of MKAO Yandexs shares by the central bank marks a significant development in the ongoing restructuring process. Read More..

B2B Tech News | 4 months ago        

Dazheng GroupLed Consortium Makes Bold $1.8 Billion Bid for Hollysys Automation Technologies

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology

A consortium led by Chinas Dazheng Group Acquisition is putting up a $1.8 billion allcash offer to buy the wellknown automation and control technology supplier Hollysys Automation Technologies. The bid, priced at $29 per share, is 9.4% more than Ascendent Capitals December offer. The consortium, which consists of GA Technologies and TFI Asset Management, wants to purchase all outstanding shares that arent already held. This action comes after a previous August offer by a group led by Recco Control Technology and Dazheng Group for $25 per share. Regarding the most recent bid, Hollysys Automation Technologies has yet to respond. The purchase represents a significant change in the industrys automation and control technologies ownership structure. Read More..

B2B Tech News | 4 months ago        

Chip Giant Nvidia Makes Record $15 Million Contribution to Aid Victims of IsraelHamas Conflict

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian

By contributing $15 million to Israeli and international nonprofit organisations that assist people impacted by Israels conflict with the Palestinian terrorist group Hamas, American chipmaker Nvidia and its workers have made an enormous impact. This remarkable gift, the most significant humanitarian fundraising in Nvidias 30year history, was donated in reaction to the ongoing violence. The $5 million total contribution from the companys employees, who come from over 30 nations, was matched by Nvidia and increased to $15 million. This project was a component of a scheme to help individuals affected by the fighting. Nvidia acknowledged the wide range of assistance from its worldwide workforce and emphasised their sincere concern and care. Read More..

B2B Tech News | 4 months ago        

Honda Recalls 4.5 million Vehicles Globally Over Fuel Pump Failure Risk

About 4.5 million cars worldwide are being recalled by Honda Motors American division owing to the possibility of a fuel pump failure. In the US, 2.54

About 4.5 million cars worldwide are being recalled by Honda Motors American division owing to the possibility of a fuel pump failure. In the US, 2.54 million automobiles are part of this recall. The recall is connected to the problem of Honda recalling cars in the US in 2020 and 2021. In early February, we will see notifications to owners of the impacted vehicles from the business that intends to repair the fuel pump module. The recall covers many vehicles, including the Honda Accord, Civic, CRV, HRV, Insight, Ridgeline, Odyssey, Passport, and several Acura models. Read More..

B2B Tech News | 4 months ago        

Russia Allocates Over $12 Billion to Bolster Aviation Sector Amid Western Sanctions

Since the Western sanctions imposed in response to Russias invasion of Ukraine caused Western plane makers Airbus and Boeing to halt services and spa

Since the Western sanctions imposed in response to Russias invasion of Ukraine caused Western plane makers Airbus and Boeing to halt services and spare part supplies, the country has allocated over $12 billion in state subsidies and loans to support its aviation sector. Russia has spent $12.07 billion to support its civil aviation industry, including financial assistance for airlines and aircraft manufacturing. The country aims to develop its aviation industry independently. It is purchasing aircraft from foreign lessors to prevent the seizure of its fleet. Read More..

B2B Tech News | 4 months ago        

Blue Origins New Leader Dave Limp to Apply Amazons Manufacturing Strategies

Former Amazon executive Dave Limp, who Jeff Bezos chose to head Blue Origin, intends to use Amazons rapid manufacturing techniques to compete with Spa

Former Amazon executive Dave Limp, who Jeff Bezos chose to head Blue Origin, intends to use Amazons rapid manufacturing techniques to compete with SpaceX in Blue Origins rocket launch and moon landing industry. Limp, the former head of Amazons products division, wants to speed up the creation of Blue Origins BE4 engine and the construction of its New Glenn rocket. During a companywide conference, he underlined the need to fulfil scheduled deadlines and integrate software and artificial intelligence in production. To compete with SpaceX, Blue Origin is under pressure, and Limps leadership is essential to resolving development delays. Read More..

B2B Tech News | 4 months ago        



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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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