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TSMC Weighs Moving Chip Plants Amid China Tensions, But 8090% Remains in Taiwan

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TS

Taiwanese chipmaker TSMC has held talks with some customers about moving its chip plants off the island due to rising tensions with China. However, TSMC Chairman C.C. Wei stated that it would be impossible to move chip factories out of the island, as 8090% of its production capacity is in Taiwan. The company is grappling with orders for highend chips offering generative artificial intelligence tools and services. TSMC has also had discussions with ChatGPT creator OpenAI over AI chip supplies, which the Taiwanese firm considered "too aggressive". Last year, TSMC and Altman discussed a potential partnership to build around three dozen factories to acquire enough silicon to meet their growing need. Despite the tensions in China, the topic of a possible war and its impact on chip supply chains has barely been featured at the annual Computex technology trade show in Taipei. Read More..

B2B Tech News | 12 days ago        

Atos Nearing Decision on Shareholder Dilution Kretinsky, Layani Proposals Compete

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks m

As it evaluates two rescue bids, backed by Czech billionaire Daniel Kretinsky and significant shareholder David Layani, French IT company Atos risks massive shareholder dilution. The beleaguered business, whose stock has plummeted, intends to decide by Wednesday. The disclosure of both plans in May is expected to result in a significant dilution of current shareholders. To complete the restructuring agreement by July, Atos is collaborating with financial creditors to get approval for one of the agreements by June 5. The two surviving agreements come after a string of fruitless takeover talks, including with the French government and Airbus. In April, the government indicated its interest in purchasing a portion of Atos company. The government may bid nonbinding in early June, although Atos stated that due diligence is still in progress. Read More..

B2B Tech News | 12 days ago        

China Takes Active Role in Zambias Debt Restructuring Mao Ning

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will

A spokesman for the Chinese Foreign Ministry, Mao Ning, said that China is keeping an eye on the discussions about Zambias debt restructuring and will assist the nation in resolving pertinent matters. Mao emphasised that China was the first recognised foreign creditor to relieve Zambia of its debt and was playing a significant role in the matter. To support Zambia and other African nations in achieving more significant economic and social advancement, she urged the international community to collaborate with China and take decisive action. Despite an agreement with bilateral lenders last year covering over $6 billion, Zambia still owes around $7 billion on debt that needs to be resolved. The countrys quest for debt relief has been long and exhausting, with a deal with bondholders to restructure about $3 billion of debt rejected by official creditors last October. Read More..

B2B Tech News | 12 days ago        

Deutsche Bank and Bitpanda Forge Partnership to Simplify Crypto Transactions

Deutsche Bank has teamed up with Bitpanda, an Austrian exchange, to make it easier for customers to deposit and withdraw cryptocurrency. This partners

Deutsche Bank has teamed up with Bitpanda, an Austrian exchange, to make it easier for customers to deposit and withdraw cryptocurrency. This partnership is a big step forward for the cryptocurrency sector, which has needed help finding banking partners. Deutsche Banks local bank account numbers will help Bitpanda customers in Germany by expediting fiat currency transfers. Regulators worries about merging cryptocurrency markets with traditional finance have kept Deutsche Bank from being careful, placing a strong emphasis on risk management and compliance. With this collaboration, Deutsche Bank further solidifies its position as a top bank in this developing industry by demonstrating its dedication to assisting highpotential platforms in virtual asset investing. Read More..

B2B Tech News | 12 days ago        

BHP Group Commits to South African Investment Amid Bid for Anglo American

As part of its offer to buy Anglo American, BHP Group has promised to make economic investments in South Africa, which might change the nations mining

As part of its offer to buy Anglo American, BHP Group has promised to make economic investments in South Africa, which might change the nations mining industry. Though Anglo American rejected BHPs bid because of structural problems, BHP is still committed to the acquisition. Two South African divisions will be spun off as part of the proposal, with BHP concentrating on copper and renewable energy products. Maintaining employment levels, sponsoring philanthropic programmes, and supporting the independent listings of Anglo Platinum and Kumba Iron Ore on the Johannesburg Stock Exchange are just a few of BHPs investment commitments. The bid is timed to coincide with the crucial election in South Africa, bringing socioeconomic issues to light and emphasising the importance of BHPs suggested contributions. Read More..

B2B Tech News | 12 days ago        

Axis Bank, Mastercard Unveil NFC Soundbox Revolutionary Payment Solution

An innovative option for Indian retailers, the NFC Soundbox was launched by Axis Bank and Mastercard. This unique gadget makes acceptance of Bharat QR

An innovative option for Indian retailers, the NFC Soundbox was launched by Axis Bank and Mastercard. This unique gadget makes acceptance of Bharat QR, UPI, Tap & Pay, and Tap + Pin payments possible. Axis Bank was the first to provide Tap + Pin transactions for over ₹5000. It has a 4G + WiFi connection, dual confirmation via multilingual voice and visual signals, and dynamic QR codes for simple transactions. Axis Banks President & Head of Cards & Payments, Sanjeev Moghe, stressed the banks dedication to providing innovative, safe, and reasonably priced payment options. Mastercards Gautam Aggarwal praised the gadgets ability to promote digital payments among small retailers and establish a standard for innovation in digital payments worldwide. Read More..

B2B Tech News | 12 days ago        

Google Wallet Debuts in India, Integrates Pine Labs for Gift Card Management

Google Wallet was released in India and has since partnered with Pine Labs to add gift cards. Thanks to this partnership, gift cards can now be manage

Google Wallet was released in India and has since partnered with Pine Labs to add gift cards. Thanks to this partnership, gift cards can now be managed directly from the Google Wallet app on Android smartphones. Google offers the technology to store and manage these cards, including buypoint reminders. At the same time, Pine Labs contributes its experience with brand gift cards. The increase in egifting among younger customers is expected to propel the growth of the gift cards market in India, which is expected to reach $15.7 billion by 2028 from $7.6 billion in 2023. Because so many people use Android, Pine Labs Navin Chandani predicts a significant rise in the use of Gift Cards. Ram Papatla from Google emphasized the partnerships potential to offer users secure, manageable, and innovative experiences. Read More..

B2B Tech News | 12 days ago        

EU Approves 2 Billion Euro Aid for STMicroelectronics Sicily Plant

Italian state aid measures worth 2 billion euros $2.16 billion have been granted by the European Commission to help STMicroelectronics develop a new s

Italian state aid measures worth 2 billion euros $2.16 billion have been granted by the European Commission to help STMicroelectronics develop a new semiconductor manufacturing plant in Catania, Sicily. Set up as a direct grant this assistance is a component of a broader investment initiative with a total estimated value of 5 billion euros. The investment is intended to support semiconductor manufacture, essential to the regions technical advancement and economic expansion. The choice demonstrates the EUs will to support its semiconductor sector in the face of difficulties with the global supply chain. Read More..

B2B Tech News | 12 days 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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