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Micron Technology Breaks Ground on $2.75 Billion Semiconductor Plant in Gujarat

USbased Micron Technology has commenced construction on its $2.75 billion semiconductor testing and assembly facility in Sanand, Gujarat. The plant, s

USbased Micron Technology has commenced construction on its $2.75 billion semiconductor testing and assembly facility in Sanand, Gujarat. The plant, spanning 500,000 square feet, is the largest investment under Indias Semiconductor Mission ISM. Micron is contributing $825 million, with the remainder covered by subsidies. The facility is expected to be operational by late 2024 and was the first project approved under Indias semiconductor mission. Micron is also considering establishing multiple chip fabrication factories in India. The project aims to create up to 5,000 direct jobs and 15,000 community jobs. Read More..

B2B Tech News | 2 years ago          

Silent Eights AI Helping Banks Combat Financial Crimes

Martin Markiewicz, the CEO of Silent Eight, uses artificial intelligence AI to help financial institutions fight financial crimes like money launderin

Martin Markiewicz, the CEO of Silent Eight, uses artificial intelligence AI to help financial institutions fight financial crimes like money laundering and financing terrorism. The business trains its AI model on specific tasks, such as translating names between languages, and it actively assists in detecting discrepancies in client data. Significant banks like Standard Chartered and HSBC use Silent Eights software. Compared to engaging human investigators, the AIbased solution is substantially less expensive. The revenue of Silent Eight is anticipated to quadruple this year, the films first year of profitability. By the end of 2025, the company intends to list on the Nasdaq. Still, it emphasises preparation more than a specific date to present financial information, like a public company. Read More..

B2B Tech News | 2 years ago          

Russian Intelligence Agencies Escalate Attacks on Ukraine

Russian hackers are increasingly targeting Ukrainian law enforcement organisations to gather information about suspected Russian war crimes. Intellige

Russian hackers are increasingly targeting Ukrainian law enforcement organisations to gather information about suspected Russian war crimes. Intelligence organisations like the GRU and FSB coordinate these attacks. The focus has shifted from energy facilities to law enforcement organisations to obtain information on Russian activities in Ukraine and possibly sabotage investigations. Yurii Shchyhol, head of Ukraines cyber defence, said a report on espionage would be forthcoming. The hackers also seek information on Russian nationals detained in Ukraine to avoid prosecution. Compared to the second half of 2022, cybersecurity incidents in Ukraine increased by 123% in the first half of 2023. Read More..

B2B Tech News | 2 years ago          

U.S. Health Sector Faces Growing Cyber Threats from China and North Korea

The Department of Health and Human Services Health Sector Cybersecurity Coordination Centre warns that Chinese and North Korean cybercriminal organisa

The Department of Health and Human Services Health Sector Cybersecurity Coordination Centre warns that Chinese and North Korean cybercriminal organisations, including APT41, APT43, and Lazarus Group, pose severe threats to the American healthcare and public health sectors. These statesponsored organisations engage in operations like data exfiltration, espionage, and intellectual property theft with the sophistication and financial support of a state. China, regarded as Asias most formidable cyberpower, relies on data exfiltration to aid economic growth. The healthcare industry is seriously concerned about the cryptocurrency laundering and cyberespionage activities carried out by North Korean organisations like APT43 and Lazarus Group. The paper makes suggestions for enhancing defence against these risks, such as auditing user accounts and implementing network segmentation. Read More..

B2B Tech News | 2 years ago          

LG Chems Move Aligns with Chinese EV and Battery Companies Global Expansion

To diversify its business, LG Chem of South Korea is collaborating with Youshan, a subsidiary of the Huayou Group of China, to build an electric vehic

To diversify its business, LG Chem of South Korea is collaborating with Youshan, a subsidiary of the Huayou Group of China, to build an electric vehicle EV battery material production there. The action supports the international expansion aspirations of Chinese battery and EV companies. For 500,000 entrylevel EVs, the Morocco factory, scheduled to begin production in 2026, will produce 50,000 tonnes of lithiumphosphateiron LFP cathode materials annually. To address the demand for reasonably priced EVs, LG Chem, known for its nickelcobaltmanganese cathodes, is entering the LFP cathode industry. Moroccan LFP cathodes may be eligible for American subsidies, supporting the objectives of the U.S. Inflation Reduction Act. Read More..

B2B Tech News | 2 years ago          

Brand new Global Innovation Center in Singapore for Volvo

The new Tech Hub is going to be a pivotal hub for data and analytics, software, and advanced manufacturing development so it can facilitate Volvo’s

The new Tech Hub is going to be a pivotal hub for data and analytics, software, and advanced manufacturing development so it can facilitate Volvo’s aspiration to be a fully electric car maker by 2030. The Innovation center is going to focus on global tech hub synergies. The companies’ other tech hubs will work together to increase their expanse of knowledge about key technology areas as well as to attract technological talent globally. The Singaporean hub will act as the headliner for the growth of their innovations and is established by the Singapore Economic Development Board. The head of the Innovation center is Yvonne Tan who has 8 years of experience as senior engineering manager at Dyson Operations Pte. Ltd. Currently Volvo has tech hubs in Stockholm and Lund in Sweden, in Krakow in Poland and Bangalore in India. Read More..

B2B Tech News | 2 years ago          

Political commentator proposes total export ban on major chinese chip maker

Following a breakthrough in chip technology that will give the Chinese market a significant edge in the global tech market, US politician Mike Gallagh

Following a breakthrough in chip technology that will give the Chinese market a significant edge in the global tech market, US politician Mike Gallagher has proposed a total export ban on Chinese tech businesses like Huawei and SMIC. The lawmakers argued that giving Chinese companies with the advanced chip technology the upper hand in the global market might conflict with the interest of the American industry as well as its allies. If the proposed ban gets implemented, the Chinese tech market will face a massive blow and will subsequently affect global technological innovations. If implemented, the proposal will also feed into the China US tech war. Read More..

B2B Tech News | 2 years ago          

ChatGPTPowered Secoda Gets $14M for Data Platform

Secoda, a Torontobased company, now has $16 million in capital after securing $14 million in a Series A investment round. With an emphasis on data sea

Secoda, a Torontobased company, now has $16 million in capital after securing $14 million in a Series A investment round. With an emphasis on data search, cataloguing, provenance, and documentation, the AIpowered platform aims to make business data available to all users, regardless of their level of technical expertise. It establishes connections with diverse organisational systems to provide a single data catalogue. Secodas ChatGPTbased assistant users can create documentation and submit natural language inquiries. The money will go towards platform development, including improvements to AI and the implementation of Secoda Monitoring, which will guarantee the accuracy of the data and the effectiveness of data teams operations. Read More..

B2B Tech News | 2 years ago          



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