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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 | 1 years ago          

Chinese Media Criticizes Wests Silence on IndiaCanada Dispute

The Chinese media criticized the West for its silence on the diplomatic dispute between India and Canada, pointing out what they see as a hypocritical

The Chinese media criticized the West for its silence on the diplomatic dispute between India and Canada, pointing out what they see as a hypocritical response. They contend that a moral imbalance was exposed when the West chose not to criticise Canada because of their geopolitical interests. According to experts, Western allies primarily serve American strategic objectives, which has caused a significant divide inside the alliance. The paper contends that the Western response would differ if the circumstance concerned a hostile country. The West allegedly ignores Indias human rights problems because of its geopolitical significance. The conflict has generally resulted in tensions and diplomatic expulsions between India and Canada. Read More..

B2B Tech News | 1 years ago          

Chinas State Asset Manager Targets $13.7B Fund for Emerging Industries

For a fund intended to invest in emerging industries, China Reform Holdings Corp, a state asset manager, plans to raise at least 100 billion yuan $13.

For a fund intended to invest in emerging industries, China Reform Holdings Corp, a state asset manager, plans to raise at least 100 billion yuan $13.70 billion. Over 20 central governmentowned companies, local governments, and private investors have expressed interest in the fund. They might commence operations by the end of the year. As part of broader SOE reforms, Chinas stateowned companies SOEs aim to expand investments in emerging industries like AI, new energy, new materials, and biotech. At the end of 2022, China Reform Holdings, founded in 2021, managed assets worth nearly 860 billion yuan. Read More..

B2B Tech News | 1 years ago          

Michael Bloombergs Succession Plan Revealed for Bloomberg LP

Cofounder of Bloomberg LP, Michael Bloomberg, has revealed a plan for the businesss future, according to which Bloomberg Philanthropies would take ove

Cofounder of Bloomberg LP, Michael Bloomberg, has revealed a plan for the businesss future, according to which Bloomberg Philanthropies would take over and eventually sell the financial information and news organisation. At The New York Times Climate Summit, Bloomberg made this declaration. He stipulates that his foundation will eventually acquire the business even though he donates most of the companys income. The wellknown environmentalist and philanthropist Bloomberg previously showed interest in owning a significant newspaper. Still, they denied plans to buy Dow Jones or the Washington Post. Since the establishment of Bloomberg LP in 1981, Bloomberg has been a vocal proponent of lowering coal consumption and gasfired capacity in the United States. Read More..

B2B Tech News | 1 years ago          

Tesla, Google, and Microsoft Eye Thailand for Major Investments

Srettha Thavisin, the prime minister of Thailand, expects investments from Google, Microsoft, and Tesla to total at least $5 billion. Google and Micro

Srettha Thavisin, the prime minister of Thailand, expects investments from Google, Microsoft, and Tesla to total at least $5 billion. Google and Microsoft are considering data centres. Tesla is considering creating an electric vehicle EV manufacturing site. It is unknown if this investment amount represents a combined sum or separate contributions from each company. No public statements have been made about the situation by any concerned companies. The Thai economy, projected to grow by 2.8% this year, less than prior estimates and primarily due to weaker exports, depends on this new foreign investment. Thailand actively incentivizes EV and battery producers and local EV buyers to keep its regional auto hub position. Read More..

B2B Tech News | 1 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 | 1 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 | 1 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 | 1 years ago          



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