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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 | 1 years ago          

Microsoft Global company of the year, 2023

Microsoft was named the 2023 Global Company of the Year for its innovative communication technologies that improve staff cooperation and efficiency. W

Microsoft was named the 2023 Global Company of the Year for its innovative communication technologies that improve staff cooperation and efficiency. With bestinclass collaboration solutions, Microsoft is rapidly employing artificial intelligence AIdriven technologies to improve productivity, automate workflows, and optimise UX and CX. The companys capacity to develop quickly has vaulted it to the top of the industry. Microsoft Teams, under Microsoft is a gamechanging business communication platform that provides a wide range of collaboration capabilities, including video meetings, group chat, screen sharing, and phone service. Microsoft recently launched Teams premium to maximise the value it provides by making meeting, calling, webinar, and virtual appointment experiences more intelligent, customised, and secure. Read More..

B2B Tech News | 1 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 | 1 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 | 1 years ago          

Pakistans Caretaker Government Targets 10 State Entities for Revival

As part of its commitment to reforms under the International Monetary Fund IMF bailout, Pakistans caretaker government has designated ten enterprises

As part of its commitment to reforms under the International Monetary Fund IMF bailout, Pakistans caretaker government has designated ten enterprises for privatisation or turnaround attempts. It is taking steps to enhance governance in stateowned businesses. These stateowned enterprises SOEs have been suffering severe losses, which by 2020 would total about 500 billion rupees $1.74 billion. The government intends to install independent directors for SOEs through a nomination procedure to prevent ministries from giving them orders for better governance. The privatisation minister did, however, remark that only one bidder remains for Pakistan Steel Mills, citing factors like the need for steel worldwide. Pakistan is likewise looking towards outsourcing stateowned asset operations. Read More..

B2B Tech News | 1 years ago          

US Unemployment Claims Hit 8Month Low Amid Tight Labor Market

Despite sluggish job growth, the number of Americans filing new jobless claims hit an eightmonth low, indicating a strong labour market. The early Sep

Despite sluggish job growth, the number of Americans filing new jobless claims hit an eightmonth low, indicating a strong labour market. The early September jobless registers were the lowest since January, according to the Labour Departments data. This outcome came after the Federal Reserve decided to keep interest rates unchanged while taking a more hawkish attitude, indicating that rates would rise soon and that monetary policy would tighten through 2024. The economy is resilient even if there are worries about a future economic recession. However, the housing market is in trouble because of high mortgage rates and a lack of available homes, which affects current house sales and pricing. Likewise, manufacturing confronts difficulties. Read More..

B2B Tech News | 1 years ago          

Japanese Consortium Led by JIP Secures Majority Stake in Toshiba

A consortium led by Japan Industrial Partners JIP, a private equity firm, has acquired 78.65% of Toshiba through a tender offer, inching closer to the

A consortium led by Japan Industrial Partners JIP, a private equity firm, has acquired 78.65% of Toshiba through a tender offer, inching closer to the completion of a $14 billion deal to privatize the company. With this majority ownership, JIP can push out remaining shareholders, paving the way for Toshibas delisting, expected as early as December, marking the end of its 74year history as a publicly traded firm. The deal signifies a shift of Toshiba into domestic hands, following years of clashes with overseas activist shareholders. JIPs consortium includes around 20 Japanese firms, such as Orix and Rohm. Read More..

B2B Tech News | 1 years ago          

Cisco Dives into Cybersecurity with $28B Splunk Acquisition

With its $28 billion agreement to buy cybersecurity company Splunk, Cisco Systems has undertaken its largestever acquisition. The transaction intends

With its $28 billion agreement to buy cybersecurity company Splunk, Cisco Systems has undertaken its largestever acquisition. The transaction intends to strengthen Ciscos software division and take advantage of the development of artificial intelligence. The wellknown manufacturer of networking hardware, Cisco, aims to lessen its dependency on hardware. Splunk is an expert in data observability and helps businesses look for cybersecurity risks to their systems. Cisco anticipates that the purchase will hasten revenue growth and gross margin expansion. The merger, subject to regulatory clearance, despite concerns about antitrust scrutiny due to the overlap in the security industry, received unanimous authorisation from both boards and is expected to be completed by the end of Q3 2024. Read More..

B2B Tech News | 1 years ago          



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Refresh Your Facts

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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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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