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GMUAW Talks Back in Action to End SixWeek Strike

The United Auto Workers UAW and General Motors GM have started talking again in an effort to resolve their sixweek strike and negotiate a labour contr

The United Auto Workers UAW and General Motors GM have started talking again in an effort to resolve their sixweek strike and negotiate a labour contract agreement. The talks started on Thursday and went into the wee hours of Friday before coming to an end. Resuming talks with Chryslers parent company Stellantis was planned for soon. In order to resolve strikes, Ford Motor and the UAW have came to an agreement that will set the precedent for future contracts with GM and Stellantis. Even though GM and Stellantis are allegedly in agreement on the financial terms, there is still disagreement on a few last points, such as using temporary labour. Ford reported that the strike had a financial impact on the company, costing them 80,000 vehicles and $1.3 billion in lost revenue. Read More..

B2B Tech News | 1 years ago          

Lazarus Group Unleashes Cyber Siege with Advanced Tactics

The culprit of a recent cyber campaign has been identified as the North Korean organisation Lazarus Group. This attack took advantage of wellknown sec

The culprit of a recent cyber campaign has been identified as the North Korean organisation Lazarus Group. This attack took advantage of wellknown security holes in another popular piece of software to compromise an unidentified software manufacturer. Advanced evasion tactics were employed in the campaign, along with malware families including SIGNBT and LPEClient, a wellknown hacking tool used for payload delivery and victim profiling. Multiple Lazarus assaults on the targeted software developer suggested that there may have been an attempt to steal source code or tamper with the software supply chain. In 2023, at least three Lazarus campaigns were discovered by Kaspersky, indicating the groups flexibility and variety in the cybersecurity scene. The campaigns constantly used LPEClient malware to deliver the finalstage malware. Read More..

B2B Tech News | 1 years ago          

Taiwans Chip Industry Races to NetZero with Renewables

The government and Taiwans chip sector are keen to work together to meet the 2050 netzero emissions goal. Industry executives do, however, emphasise t

The government and Taiwans chip sector are keen to work together to meet the 2050 netzero emissions goal. Industry executives do, however, emphasise that the development of renewable energy sources must go more quickly, particularly given the growing demand for artificial intelligence AI. Taiwan is a country that imports a lot of energy, mostly coal and natural gas, but it is working to become carbon neutral by switching to more renewable energy sources. The worlds largest contract chipmaker, TSMC, has Cliff Hou, a senior vice president, emphasising the significance of reliable and renewable energy in propelling AI development. Taiwan wants to boost the share of LNG in its power mix, decrease the amount of coal, and support renewable energy sources. Read More..

B2B Tech News | 1 years ago          

Powerchip and SBI Join Forces in Semiconductor Expansion

Building a new chip manufacturing facility in the Japanese prefecture of Miyagi is the first step in Powerchip Semiconductor Manufacturings ambitious

Building a new chip manufacturing facility in the Japanese prefecture of Miyagi is the first step in Powerchip Semiconductor Manufacturings ambitious development strategy. Powerchip has partnered with SBI Holdings, a wellknown financial services company, and has committed an initial investment of roughly $2.67 billion for this project. By 2026, the new plant is expected to be operational. The choice of Miyagi as the site and the partnership with SBI Holdings demonstrate the increasing significance of semiconductor manufacturing. According to reports, Powerchip had been looking into possible sites for the factory and was in talks to get subsidies. These actions suggested a deliberate attempt to meet the growing demand for semiconductors worldwide and promote technical advancement. Read More..

B2B Tech News | 1 years ago          

Euro Stars Converge in UK for AI Regulation Showdown

Senior representatives of the European Union, including Vera Jourova and Ursula von der Leyen of the European Commission, will be present at the UKs A

Senior representatives of the European Union, including Vera Jourova and Ursula von der Leyen of the European Commission, will be present at the UKs AI safety conference, which aims to start an international conversation on AI legislation. The goal of the event, which is being hosted by British Prime Minister Rishi Sunak, is to position the UK as a pioneer in AI regulations. Nonetheless, a few international leaders wont be there, including Justin Trudeau of Canada and Olaf Scholz of Germany. The summits organisers have emphasised the goal of promoting international talks on AI governance. Topics that will be covered include the unpredictable nature of AI breakthroughs and human control over them. Read More..

B2B Tech News | 1 years ago          

IBM Shines in Q3 with Strong Revenue and Profit

IBM, a provider of IT software and consulting services, announced Q3 sales and earnings that surpassed Wall Street forecasts. IBM was able to maintain

IBM, a provider of IT software and consulting services, announced Q3 sales and earnings that surpassed Wall Street forecasts. IBM was able to maintain its market share in consulting engagements by focusing on market share and providing software solutions, even in the face of a difficult economic climate. Clients continued to cut back on discretionary initiatives. Significant AI sales and bookings were made by the company, including agreements with Ernst & Young and Truist Bank. IBM has observed a high level of interest in its consulting services and tools for integrating technology into business processes. It restated its goals for free cash flow and annual revenue growth. Software revenue, which includes Apptio, increased by over 8%. IBM surpassed projections in Q3 with revenue of $14.8 billion and adjusted profit per share of $2.20. Read More..

B2B Tech News | 1 years ago          

MercedesBenz Faces Tough Road in Electric Vehicle Market

MercedesBenz announced "brutal" pricing reductions in the electric vehicle EV market, and supply chain problems affected the companys Q3 results. Due

MercedesBenz announced "brutal" pricing reductions in the electric vehicle EV market, and supply chain problems affected the companys Q3 results. Due to competitive pricing in the EV market, the luxury automaker may reach the lower end of its projected 12–14% adjusted return on sales for the vehicles segment. Although the firm is dedicated to EV ambitions, if EV margins continue to be lower, it may have to rely more on the performance of its combustion engine portfolio. Even with some of the Q4 discounts, MercedesBenz continues to prioritise pricing strategy over volume in order to increase profitability. The market climate is characterised as "subdued," with supply chain costs and inflation having an impact. Read More..

B2B Tech News | 1 years ago          

Tesla Supplier Syrah Benefits as EV Industry Prepares for Change

Before harsher export regulations take effect on December 1, Syrah Resources, an Australian producer, anticipates higher purchases of natural graphite

Before harsher export regulations take effect on December 1, Syrah Resources, an Australian producer, anticipates higher purchases of natural graphite from customers outside of China. This could affect EV battery manufacturers since China, a key producer and exporter of graphite, will need export permits for some graphite goods. With a supply agreement with Tesla, Syrah is seeing customers hoard graphite in an effort to reduce supply risks. Export restrictions may force suppliers of battery materials and automakers to look for other suppliers. Syrah anticipates greater attention on its unique role as a nonChina producer of graphite and AAM in the battery supply chain, even though the entire impact is still unknown. Read More..

B2B Tech News | 1 years ago          



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