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Vietnam Apple Foxconn invests an additional $300 million in plant in North Vietnam

The Taiwanese company signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City last weekend to expand the facility. F

The Taiwanese company signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City last weekend to expand the facility. Foxconn has moved some of Apples production of iPads and AirPods to Quang Chau Industrial Park in Bac Giang. Currently, it appears that both Apple and Foxconn have started trial production of the Apple Watch in northern Vietnam. Vietnam is particularly known as a hub for the manufacturing activities of highincome countries adopting the China plus one strategy. Vietnams business costs, especially for production, are low, due to accessible general costs, such as buildings, land, and labor. Since June this year, Foxconn said it has been hiring about 60,000 people in Vietnam the largest production base outside China. Read More..

B2B Tech News | 2 years ago          

Gov is urged to examine future financial injections for NBN and mobile

The Productivity Commission has criticized what it saw as a lack of transparency in the way government invests in digital infrastructure. The committe

The Productivity Commission has criticized what it saw as a lack of transparency in the way government invests in digital infrastructure. The committee cited investments in NBN upgrades, such as the governments $480 million investment in fixed wireless network upgrades announced earlier this year. It also criticized the governments mobile blackspots program MBSP and regional connectivity program RCP. An independent review of digital infrastructure programs such as the MBSP and NBN would increase the likelihood that government funding for such investments is allocated to those specific locations And the type of technology that will be most beneficial to society. The Commission believes that the influx of small developers and local infrastructure operators is evidence of changing market dynamics. He suggested that governments today take advantage of these changes by agreeing with private operators to provide services to the region in a regulated but nonproprietary manner. Read More..

B2B Tech News | 2 years ago          

A whistleblower for Twitter has accused the company of misleading authorities about bot accounts and security

According to a complaint posted by the Washington Post, the ad alleges extremely serious flaws in Twitter concerning privacy, security and content mod

According to a complaint posted by the Washington Post, the ad alleges extremely serious flaws in Twitter concerning privacy, security and content moderation. CNN reported, citing Zatkos complaint, that Twitter executives lack the resources and have no incentive to fully understand the true number of bots on the platform. The social media company sued Tesla CEO Elon Musk after the worlds richest man said he would shut down the company in July for breaching a $44 billion takeover deal. eurocontract.A spokesperson on Twitter said on Tuesday that Zatko was fired from her top position in January for ineffective leadership and poor performance Read More..

B2B Tech News | 2 years ago          

JD.com, a $89 billion Chinese ecommerce giant, reports its slowest quarterly growth ever

JD.com posted its slowest yearonyear revenue growth on record, becoming the latest victim of a Covidinduced economic slowdown in China. But the compan

JD.com posted its slowest yearonyear revenue growth on record, becoming the latest victim of a Covidinduced economic slowdown in China. But the company got a boost from better profitability in its main retail business as well as logistics division, helped by the annual 618 shopping festival that takes place in China in June. The company minimized marketing and general and administrative expenses for the quarter versus the same time last year. Chinas biggest ecommerce firm, JD.com, posted a nearly 4% yearonyear revenue rise in the second quarter to 1.8 trillion yuan $266.5 billion, helped by the 618 shopping festival in June. Operating profit for the retail division rose 36% to 8.17 billion yuan, helped by sales from the festival. The company also saw its logistics division swing to an operating profit of 31.2 billion yuan. Read More..

B2B Tech News | 2 years ago          

Hungary can finance the acquisition of Vodafone with debt

The chief of staff to Prime Minister Viktor Orban suggested on Tuesday that Hungary could borrow money to pay for the purchase of a 49% stake in the H

The chief of staff to Prime Minister Viktor Orban suggested on Tuesday that Hungary could borrow money to pay for the purchase of a 49% stake in the Hungarian division of British company Vodafone. Orbans chief of staff, Gergely Gulyas, responded to a question about whether a loan would be used to pay for the 350 billion forints $845.12 million purchase of Vodafone When the deal is signed, we will reveal the details... but your assumption is not far from the reality. On Monday, Vodafone disclosed its intention to sell its Hungarian operations to the Hungarian government and local IT firm 4iG for 715 billion forints in cash. Read More..

B2B Tech News | 2 years ago          

Taiwan and China seek alternative semiconductor production facilities amid tensions

Amid ongoing tensions with China, Taiwan is seeking a flexible global supply chain and alternative platforms for semiconductor manufacturing. Gabriel

Amid ongoing tensions with China, Taiwan is seeking a flexible global supply chain and alternative platforms for semiconductor manufacturing. Gabriel Chu, deputy project manager at Macronix International, one of the largest semiconductor companies in Taiwan, explains how the company plans to maintain a flexible supply chain. More than 1,500 people are involved in the production of integrated circuits in the Xinzhou Science Park, 80 km from Taipei. India Today spoke to Gabriel Chu, deputy project manager at Macronix International, one of the largest semiconductor companies in Taiwan, about how the company maintains a flexible supply chain. Read More..

B2B Tech News | 2 years ago          

Mercado Libre launches its own cryptocurrency in Brazil

Mercado Libre today announced the launch of Mercado Coin, the first Brazilian cryptocurrency. It is built on the Ethereum blockchain and is used by Me

Mercado Libre today announced the launch of Mercado Coin, the first Brazilian cryptocurrency. It is built on the Ethereum blockchain and is used by Mercado Libre and Mercado Pago in the same country for $0.10. According to Cointelegraph, the company expects 80 million users to have access to Mercado Coin by the end of August. To date, about 500,000 users can accept digital currencies. At an early stage, cryptocurrencies are used for purchases and can also be combined with other payment methods such as traditional bank cards. Mercado Coin was developed by Ripio, an Argentinian fintech, for about a year and a half. The company also plans to expand the digital currency to the rest of Latin America in the future, making it available offplatform. Read More..

B2B Tech News | 2 years ago          

Coles switches its attention from smarter selling to innovation

The supermarket giant reported that its smart merchandising strategy generated about $230 million in revenue in FY22. Coles is poised to save $1 billi

The supermarket giant reported that its smart merchandising strategy generated about $230 million in revenue in FY22. Coles is poised to save $1 billion over four years by the end of FY23. CEO Stephen Kane said a key pillar of the strategy has been updated to expand its services to meet the needs of omnichannel customers. The company plans to open 20 new stores, close nine and renew approximately 40 stores in supermarkets, and liquor. It also plans to accelerate new space and Update your store to a level similar to the previous fiscal year. Coles also plans to open around 20 new stores, close 9 stores, and renovate around 40 supermarkets and liquor stores, accelerating new premises and store upgrades to FY22. Read More..

B2B Tech News | 2 years ago          



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