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Japans Yokohama to Host Samsungs $280 Million Chip Packaging Research Center

According to a statement by the city of Yokohama, Samsung Electronics intends to invest around 40 billion yen $280 million in a research centre for ad

According to a statement by the city of Yokohama, Samsung Electronics intends to invest around 40 billion yen $280 million in a research centre for advanced chip packaging in Japan over five years. Samsung invested as part of its attempts to strengthen its relationships with Japanese producers of chipmaking supplies and equipment. Japans industry ministry will give up to 20 billion yen in subsidies to promote homegrown chip production. As tensions between South Korea and Japan are defusing, Samsung is expanding its use of sophisticated chip packaging, which aligns with a more significant industry push to create methods that improve chip performance overall. Read More..

B2B Tech News | 2 months ago      

Tensions Escalate U.S. Blocks Exports to 13 Chinese Firms on Unverified List

Thirteen Chinese enterprises have been added to the United States "Unverified List," which prohibits them from accepting U.S. exports without an inper

Thirteen Chinese enterprises have been added to the United States "Unverified List," which prohibits them from accepting U.S. exports without an inperson inspection. Plexus, Beijing Shengbo Xietong Technology, Guangzhou Xinwei Transportation, and PNC Systems are on the list. U.S. exporters that ship to listed businesses may need to get extra licences and perform additional due diligence. The action heightens tensions in the current digital war between the United States and China while attempting to stop sensitive American goods and technology from being exploited. The Chinese embassy in Washington criticised the decision, which stated that the U.S. was discriminating against some Chinese enterprises. Read More..

B2B Tech News | 2 months ago      

Accenture Anticipates Slower Q2 Revenue on Client Budget Caution

The multinational IT services company Accenture has predicted secondquarter revenue below Wall Street projections because of expected customer caution

The multinational IT services company Accenture has predicted secondquarter revenue below Wall Street projections because of expected customer caution in the face of macroeconomic uncertainty. The business emphasised the delayed decisionmaking associated with budgets, particularly in the media and technology industries. Accentures sales from North America, its biggest market, dropped by 1% to $7.56 billion in the first quarter of this year. At the same time, revenue from the communications, media, and technology sector group plummeted by 10%. Large digital transformation projects are anticipated to close in the second part of the companys fiscal year. Following the statement, premarket trading saw a 2.6% decline in Accentures shares. Read More..

B2B Tech News | 2 months ago      

AIdriven Lender Lendbuzz Plans IPO, Targets $2 Billion Valuation

The USbased fintech firm Lendbuzz is preparing for an Initial Public Offering IPO that could fetch a valuation of more than $2 billion. The company us

The USbased fintech firm Lendbuzz is preparing for an Initial Public Offering IPO that could fetch a valuation of more than $2 billion. The company uses artificial intelligence to give vehicle loans to those without a credit history. As primary underwriters for the upcoming IPO, Lendbuzz allegedly recruited Goldman Sachs, JPMorgan Chase, RBC Capital Markets, and Mizuho Financial Group. Depending on market circumstances, the business hopes to generate between $300 million and $400 million via the sale of its shares, which might happen in the first half of 2024. Lendbuzz caters to individuals and companies encountering difficulties obtaining funding from conventional lenders. Read More..

B2B Tech News | 2 months ago      

End of an Era Toshiba Delisted from Tokyo Exchange After 74 Years

After 74 years, Toshiba was delisted from the Tokyo market, signalling the end of an era for one of the most wellknown brands in Japan. In a $14 billi

After 74 years, Toshiba was delisted from the Tokyo market, signalling the end of an era for one of the most wellknown brands in Japan. In a $14 billion agreement, a consortium of investors led by Chubu Electric Power, Orix, Rohm, and Japan Industrial Partners JIP is taking the company private. The takeover comes after ten years of unrest, controversies, and conflicts with foreign activist investors. Although the new owners of Toshiba have yet to give the firm a name, it is anticipated that JIP executives will join the board and that the company will concentrate on highmargin digital services. Industry sources speculate that Toshiba could be better off being divided apart. Read More..

B2B Tech News | 2 months ago      

U.S. Officials Seize Blackcat Ransomware Gangs Digital Extortion Websites

Digital extortion websites connected to the "Blackcat" ransomware gang, who are suspected of working with the "Scattered Spider" hacking organisation,

Digital extortion websites connected to the "Blackcat" ransomware gang, who are suspected of working with the "Scattered Spider" hacking organisation, have been confiscated by U.S. investigators. Up to 500 hacking victims may have benefited from the Justice Departments seizure of hundreds of cryptographic keys and multiple websites connected to Blackcat. No arrests or measures taken against Scattered Spider were indicated in the lawsuit. Blackcat and Scattered Spider have caused substantial disruptions and have been involved in highprofile assaults on big corporations. While some analysts see the takedown as a significant victory, others anticipate the hackers will reorganise and even intensify their operations against hospitals and other critical infrastructure providers. Read More..

B2B Tech News | 2 months ago      

Preferred Networks Ramps Up Investment in AI Chips for Critical Hardware Access

Preferred Networks, a Japanese business, is investing more in customised artificial intelligence AI chips to secure hardware access. To power its supe

Preferred Networks, a Japanese business, is investing more in customised artificial intelligence AI chips to secure hardware access. To power its supercomputers, the business, which has backers including Toyota and Fanuc, began creating its firstgeneration AI processor in 2016. TSMC has built and is producing the secondgeneration AI chip, which offers reduced power consumption and optimised performance for AI activities. Preferred Networks intends to give clients pure processing capacity by 2027 and its most recent technologies for massive language models and medication discovery by 2024. This action aligns with a global trend where businesses are trying to create AI chips internally. Read More..

B2B Tech News | 2 months ago      

Rite Aid Settles with FTC, Agrees to FiveYear Ban on Facial Recognition Surveillance

The US Federal Trade Commission FTC and the bankrupt drugstore chain Rite Aid have reached a deal that forbids businesses from using face recognition

The US Federal Trade Commission FTC and the bankrupt drugstore chain Rite Aid have reached a deal that forbids businesses from using face recognition technology for surveillance for the next five years. The FTC accused Rite Aid of injuring customers by using face recognition technology to identify shoplifters between 2012 and 2020. It was discovered that the business had mistakenly marked specific customers as belonging to a person previously accused of shoplifting. Rite Aid claimed it ceased utilising the technology at the stores above more than three years ago. The bankruptcy court in charge of Rite Aids bankruptcy case can approve the deal. Read More..

B2B Tech News | 2 months ago