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The failure of Silicon Valley Bank has shaken up the tech industry's upstarts.
The collapse of Silicon Valley Bank caused widespread panic in the technology sector, which had provided the bulk of the bank's revenue, and left many business owners in a state of debt relief debt relief gratitude to the government. The collapse of Silicon Valley Bank sent shockwaves through...
Swiss authorities monitor banks and insurers following the SVB bankruptcy.
Following the failures of Silicon Valley Bank and Signature Bank, the Swiss financial regulator FINMA announced on Monday that it would identify any potential contagion risks for the nation's banks and insurers.
Investors were unconvinced by the U.S. government's efforts to reas...
Fabricated from PTFE, fiberglass, and silicone, Textiles Coated International (TCI) is un rivalled in the industry
Textiles Coated International (TCI) was founded in 1985, and ever since then, they have been producing high-quality fluoropolymer films, laminates, and composites. Products from TCI can withstand extreme chemical and heat conditions, making them ideal for industrial settings. The coating, laminat...
Here's what happens to outdated shoes and how large-scale manufacturing handles garbage
The majority of current shoes are mass-produced in specialised facilities across the globe. Most major brands, such as Nike, outsource manufacturing to Asian nations such as China, Vietnam, Indonesia, Malaysia, Pakistan, India, and Thailand.
Depending on the brand and shoe, the techniqu...
Mumbai based lab develops world’s first rapid test kit for Silicosis
Scientists from Mumbai have developed a rapid test for testing silicosis in people. Silicosis is progressive lung disease caused by exposure to silica. The kit helps in detecting the levels of serum CC16 in blood.
Highlights
- Scientists develop a rapid ...
Bill Gates' Breakthrough Energy Ventures funds on farming robots in Silicon Valley
Highlights
- A Silicon Valley startup is using robots to grow produce more sustainably
- The startup has raised US$50 million in a funding by Bill Gates' Breakthrough Energy Ventures
A Silicon Valley startup has raised US$50 million ...
HITACHI LTD. TO BUY U.S GLOBALLOGIC INC. FOR $9.6 BILLION
Highlights –
- Hitachi Ltd. to buy U.S GlobalLogic Inc. for $9.6 billion.
- The acquisition is said to strengthen Hitachi’s digital operations in its wide range of business.
- Previously the deal was expected to close by end of July 2...
“I AM CONFIDENT THAT INDIAN PROFESSIONALS WILL CONTINUE TO BE WELCOMED IN US”: INDIAN AMBASSADOR
Highlights
• India’s Ambassador to the US Taranjit Singh Sandhu said India’s talent and strengths when combined with the US capital and expertise in IT and digital space has presented an ideal roadmap for the two economies
• Sandhu said “I am confid...
U.S. FACES A CENTURY OF STRATEGIC COMPETITION FROM ECONOMIES LIKE CHINA: SNAPCHAT CEO
Highlights
• Evan Spiegel said the US faces a century of strategic competition from economies that are growing at a rapid pace like China
• Spiegel launched this photo sharing app while studying at Stanford University and became one of the world’s youngest bill...
LG GROUP SPLIT-UP WILL REALIZE ADDITIONAL VALUE FOR ITS SHAREHOLDERS
- LG Group, South Korea's fourth-largest conglomerate, on Tuesday backed off from claims that its planned spin-off of subsidiaries could undermine shareholder value, saying the move will actually be of value to its stockholders.
- LG Group is of the opinion that their sharehold...
LG ELECTRONICS TO SET UP BUSINESS UNIT IN SILICON VALLEY ENVISIONING FUTURE GROWTH
- LG Electronics, a major MNC in South Korea manufacturing consumer goods said on Thursday that it will set up a new business unit in the United States to seek future growth visions.
- Addressed as LG's North American Innovation Center, it will touch base in Silicon Valley, in ...
Global Silicon Oxide (SiOx) ReRAM Technology Market is expected to grow at CAGR 23.6% by 2028 due to various technological advancements, says Absolute Markets Insights
The global Silicon Oxide (SiOx) ReRAM technology market was estimated to be US$ 18.11 Mn in 2021 and is anticipated to reach US$ 79.88 Mn by 2028, growing at a CAGR of 23.6% over the forecast period. Random Access Memory (RAM) is a type of non-volatile RAM that alters the strength of a dielectric...
APPLE ASKED TO PAY $503 MILLION FOR INFRINGING VPN TECHNOLOGY PATENTED BY VirnetX
Highlights
• According to the court documents, this legal tussle between Apple and VirnetX involved transmission security in the Apple devices such as iPhone, iPad and iPod Touch
• In reply to an AFP inquiry, Apple said that they thank jury for their time and appreci...
SMART WORK: NOT A FAR-FETCHED REALITY ANYMORE
- With COVID-19 firmly rooting itself in the world precincts, there had come a time to test the ‘smart work’ ideology to the hilt.
- Thus it needs to be said that COVID-19 has changed the workplace landscape in South Korea with work from home becoming a reality. <...
SK HYNIX BEGINS MASS PRODUCTION OF HBM2E
HIGHLIGHTS
- SK Hynix Inc. has started the mass production of HBM2E DRAM chips.
- The new HBM2E DRAM chip can process data at the speed of 460 gigabyte (GB) per second.
SK Hynix Inc. from South Korea has commenced the mass production of ...
HOW EMPTY TECH OFFICES SHUTTERED TO FLATTEN THE CURVE
- Long before the U.S. President Trump exercised a stay-home option to counter the COVID-19 virus, many tech companies including APPLE, Inc., Salesforce, Inc., and many other companies had closed shop.
- Small companies which don’t get written about or mentioned in tabloids o...
UTAH PLANS ITS COVID-19 TESTING WITH #TestUtahChallenge
Highlights:
- Utah faces a lack of testing labs and kits
- Utah state government has roped in silicon slopes to help in identifying and prioritizing testing candidates
As Utah’s Covid-19 cases increase Governor Gary Herbert seem p...
HANWHA SOLUTIONS TO CLOSE SOLAR POLYSILICON BUSINESS, HEAVY LOSES
Highlights –
- Hanwha Solutions close solar polysilicon business
- The company suffered a net loss of $207.4 Million
- Operating profit loss $312.6 Million
Due to intense competition from cheap Chinese products, South Kore...
DOPAMINE FASTING – THE HOTTEST TREND IN THE SILICON VALLEY
Highlights:
-Dopamine fasting is trending in Silicon Valley.
-Silicon Valley people are taking small frequent breaks from pleasure providing activities.
-It is the best practice to put your mind to rest for some time.
Dopam...
This tech startup raised $45 million for product managers to make life easier
Now he operates one of the most buzzi tech startups in Silicon Valley. Yet four years ago, Hubert Palan, CEO of the productboard, couldn't even persuade his own mother that his business would be working out. "She has always been my biggest supporter," says Palan. "But she was l...