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October 22, 2021

TECH08

EXCLUSIVE SoftBank in talks to sell French robotics business to Germany’s United Robotics

Reuters
TOKYO, Oct 22 (Reuters) – SoftBank Group Corp is in talks to sell the Paris-based robotics business behind its Pepper android to Germany’s United Robotics Group, according to sources and documents reviewed by Reuters, scaling back a business it once touted as a major growth driver. The talks are ongoing......

Nasdaq set for lower open after Intel’s margin warning

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. REUTERS/Brendan McDermid Snap tumbles on Apple tweak, drags social media giants AmEx rises on profit beat Futures: Nasdaq down 0.19%, Dow up 0.17%, S&P up 0.07%, Oct 22 (Reuters) –......

Stellantis powers up electric plans with Samsung SDI U.S. deal

Reuters
A Stellantis sign is seen outside the company’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo Follows similar deal with battery maker LGES JVs to provide up to 80 GWh annual battery capacity Stellantis aims for over 40% of U.S. sales from EVs Group targets global......

Intel shares sink as chipmaker predicts lower margins in years ahead

Reuters
Visitors are seen at the Intel booth during the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. Picture taken July 30, 2021. REUTERS/Aly Song/Files Oct 21 (Reuters) – Intel Corp (INTC.O) on Thursday forecast lower profit margins for years to come as......

Western Digital talks to merge with Kioxia stall – sources

Reuters
A Western Digital office building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake/File Photo Oct 21 (Reuters) – Western Digital Corp’s (WDC.O) talks to merge with Japanese chipmaker and partner Kioxia Holdings Corp have stalled over the last few weeks, two people familiar with the matter told......

EXCLUSIVE Governments turn tables on ransomware gang REvil by pushing it offline -sources

Reuters
Oct 21 (Reuters) – The ransomware group REvil was itself hacked and forced offline this week by a multi-country operation, according to three private sector cyber experts working with the United States and one former official. Former partners and associates of the Russian-led criminal gang were responsible for a May......

EXCLUSIVE Huawei, SMIC suppliers received billions worth of licenses for U.S. tech

Reuters
WASHINGTON, Oct 21 (Reuters) – Suppliers to Chinese telecoms giant Huawei and China’s top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell the firms goods and technology despite being on a U.S. trade blacklist, documents released by Congress and seen by Reuters showed......

Facebook signs copyright agreement with some French publishers

Reuters
Paves the way for signing of individual licences Copyright fees included in preliminary deal – source Publishers not compelled to use Facebook News service PARIS, Oct 21 (Reuters) – Facebook (FB.O) said on Thursday it had signed a preliminary copyright agreement with a French news publishers’ lobby group, paving the......

EV truck maker Rivian plans in-house battery cell manufacturing

Reuters
The Rivian R1T all-electric truck is pictured at an event, held by the electric vehicle startup, for customers who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino/File Photo/File Photo SAN FRANCISCO, Oct 1 (Reuters) – Electric truck maker Rivian Automotive, which currently sources batteries from......

Coinbase says hackers stole cryptocurrency from at least 6,000 customers

Reuters
Oct 1 (Reuters) – Hackers stole from the accounts of at least 6,000 customers of Coinbase Global Inc (COIN.O), according to a breach notification letter sent by the cryptocurrency exchange to affected customers. The hack took place between March and May 20 of this year, according to a copy of......

Myanmar currency trade turns to online groups on Facebook amid crisis

Reuters
Myanmar banknotes are seen during an illegal exchange inside a house in Yangon, Myanmar, September 24, 2021. Picture taken September 24, 2021. REUTERS/Stringer Oct 1 (Reuters) – As Myanmar’s economic slump deepens after February’s military coup and parts of its financial system freeze up, many in the strife-torn country are......

Malaysia’s help needed to ease global chip shortage, Taiwan says

Reuters
A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu June 15, 2010. REUTERS/Pichi Chuang TAIPEI, Oct 1 (Reuters) – Malaysia’s help is needed to resolve the global shortage of auto semiconductors, especially when it comes to packaging, a sector affected by the country’s COVID-19 curbs, Taiwan......

Zoom, Five9 to terminate nearly $15 bln all-stock deal after shareholder vote

Reuters
Small toy figures are seen in front of the Zoom logo in this illustration picture taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 30 (Reuters) – Five9 Inc (FIVN.O) shareholders voted down the call center software firm’s $14.7 billion sale to Zoom Video Communications Inc (ZM.O)on Thursday, a major blow......

Foxconn strikes deal to acquire former Lordstown Ohio plant

Reuters
A Lordstown Motors beta version of its all electric pickup truck, the Endurance, is seen at the Lordstown Assembly Plant in Lordstown, Ohio, U.S., June 21, 2021. REUTERS/Rebecca Cook/File Photo WASHINGTON/DETROIT, Sept 30 (Reuters) – Global technology firm Foxconn will buy an assembly plant owned by U.S. electric vehicle startup......

Bitcoin rises 5.2% to $43,717

Reuters
A representation of cryptocurrency Bitcoin is seen in this illustration taken August 6, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Sept 30 (Reuters) – Bitcoin was up 5.23% at $43,716.97 as of 22:08 GMT on Thursday, adding $2,174.07 to its previous close. The world’s biggest and best-known cryptocurrency has gained 57.6% from the......

Facebook research shows company knew of Instagram harm to teens, senators say

Reuters
Sept 30 (Reuters) – U.S. senators on Thursday grilled Facebook Inc (FB.O) on its plans to better protect young users on its apps, drawing on leaked internal research that showed the social media giant was aware of how its Instagram app harmed the mental health of teens. The hearing in......

Facebook could face hefty fine in Russia over banned content, says regulator

Reuters
MOSCOW, Sept 30 (Reuters) – Russian authorities on Thursday warned social media giant Facebook (FB.O) it faces a fine of up to 10% of its annual turnover in the country unless it deletes content Moscow deems illegal. Upping the ante in its standoff with U.S. Big Tech, state communications regulator......

Japan e-commerce giant Rakuten to list online bank

Reuters
The logo of Rakuten is pictured at the headquarters of Rakuten in Tokyo, Japan, May 15, 2019. REUTERS/Sam Nussey/File Photo TOKYO, Sept 30 (Reuters) – Japanese e-commerce firm Rakuten Group Inc (4755.T) said on Thursday it is preparing to list its online banking unit, raising funds as it soaks up......

Amazon settles with employees allegedly fired for criticizing working conditions

Reuters
Sept 29 (Reuters) – Amazon.com Inc (AMZN.O) and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year after they criticized the working conditions at the e-commerce giant’s warehouses. Amazon had terminated the......

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