Header-template

Global News

HEADLINES

SMICs 7nm chip sets a wakeup call for the United States

MinerVA Semiconductor has sold a chip that it claims is one of the bestvalued chips for mining Bitcoin and that it utilizes mature foundry technology

MinerVA Semiconductor has sold a chip that it claims is one of the bestvalued chips for mining Bitcoin and that it utilizes mature foundry technology to ensure chip yield, quality, and reliability. The companys directors listed in its registration are Chinese, and the address given for one of them is in Chinas Henan province. SMIC is a target of US technology sanctions aimed at curbing Chinas access to advanced semiconductor technology. TechInsights points out that SMICs process is more complex and costly and probably has lower yields than the EUV lithographybased processes now used by Samsung and TSMC. But SMIC has no choice because the US Commerce Department put it on its Entity List in December 2020. The MinerVA news has had no significant impact on the share price so far. SMIC fabricates a wide range of products for its customers, including power management ICs and microprocessors. 64% of its sales were made in China, 22% in North America, and 14% in Eurasia. Read More..

B2B Tech News | 3 years ago

Consumer IT spending continues to decline amid fears of a recession in AsiaPacific

The consumer IT spending in the AsiaPacific region is set to further slide in 2023, depending on the severity of the economic slowdown, according to a

The consumer IT spending in the AsiaPacific region is set to further slide in 2023, depending on the severity of the economic slowdown, according to an IDC report. One in two businesses in the region expect inflationdriven IT cost price increases to impact their spending plans for the rest of 2022, says Vinay Gupta, research director, IT Spending Guides , IDC Asia/Pacific. Read More..

B2B Tech News | 3 years ago

NGX strengthens its efforts to attract young investors

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issu

The Nigerian Exchange Limited NGX has vowed to intensify efforts aimed at attracting young investors to the stock market and addressing perennial issues constituting disincentives to financial technology fintech firms. From 2014 to 2020, for instance, fintech raised about $600 million in funding, attracting 25 percent $122 million of the $491.6 million raised by African tech startups in 2019 second only to Kenya, which attracted $ 149 million.. The Nigerian Stock Exchange NGX has created a board that would focus on how to make the bourse more competitive by looking into the barriers to entry for tech firms. Chief Digital Officer, NGX, Femi Oyenuga said whilst the proliferation of digital assets presents significant challenges to the Nigerian capital market, the NGX takes an interest because proceeds from NFTs can solve climate change issues. The NGX is committed to driving the growth of sustainable financial products by integrating the financial risks and opportunities associated with Read More..

B2B Tech News | 3 years ago

Great Wrap raises $ 24 million to eliminate plastic waste

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food

Startup materials science Great Wrap has closed its $24 million Series A funding round. A Melbourne company makes a compostable stretch film from food waste. The cofounders hope to end the worlds dependence on petroleumbased plastic packaging. It recently expanded to a new 12,000squarefoot facility in Tullamarine. Great Wrap recently moved to a new 12,000m2 factory in Tullamarine, which will produce 30,000 tonnes of the compostable stretch wrap by the end of 2023. The cost of the project was $6.41 million, of which $500,000 was borne by the state treasury. Read More..

B2B Tech News | 3 years ago

Now ports wants to be an ally in the supply chain for trading in Latam

Alfonso De Los Ríos cofounded digital freight forwarder Nowports with Maximiliano Casal, the companys COO. Nowports recently raised $150 million in a

Alfonso De Los Ríos cofounded digital freight forwarder Nowports with Maximiliano Casal, the companys COO. Nowports recently raised $150 million in a Series C funding round, helping the Monterrey, Mexicobased company reach a $1.1 billion valuation.. The latest funding round propelled Nowports into unicorn status a startup with a value of over $1 billion, helping it become one of the most valuable startups in Mexico. The objective is to streamline the import and export processes of Latin American companies by increasing the visibility of suppliers, shipping lines, end customers, customs brokers and terminals.Nowports has operations in Mexico, Chile, Colombia, Brazil, Peru, Uruguay, and Panama and is looking for opportunities to expand overseas. Mexican financial services company, De Los Ríos, is expanding overseas as part of a larger strategy to increase its presence in North and South America. The companys CEO says there is a trend of companies moving from Asia to Latin America becau Read More..

B2B Tech News | 3 years ago

The rise in interest rates will be advantageous for European banks.

The US Federal Reserve is expected to raise interest rates by threequarters of a percentage point, as it did last month. The Fed is struggling to calm

The US Federal Reserve is expected to raise interest rates by threequarters of a percentage point, as it did last month. The Fed is struggling to calm inflation without plunging the US economy into a painful recession. European banks are starting to publish their results this week. And FTs Ben Hall spoke to Ukraines finance minister and gives us the highlights of that interview. Credit Suisse is one of the banks weve been focusing on most recently, but well be looking to see if theres any evidence of a recovery from Credit Suisses scandals and missteps. Read More..

B2B Tech News | 3 years ago

How FinFlx hopes to protect UAE gratuity payments in Generation Startup

The coronavirus pandemic caused difficulty as well as disruption on many levels across the world. Amr Yussifs experience of separation from his employ

The coronavirus pandemic caused difficulty as well as disruption on many levels across the world. Amr Yussifs experience of separation from his employer turned out to be the reason he started FinFlx, an endtoend gratuity management solution for small and medium enterprises. Gratuity payments are covered by UAE labor laws and the sum depends on an employees length of service and basic salary. The startup has raised $1.5 million in preseed funding from prominent investors such as YCombinator, Dubai Future District Fund, 500 Global, and Vectr FinTech. Amr Yussif was earning a significant salary when he sought to part ways with his employer and was owed a lot of money as an endofservice gratuity. Matthieu Capelle is a software engineering veteran and previously served as head of engineering at Careem Pay and chief architect at Murex. Read More..

B2B Tech News | 3 years ago

Eutelsat’s OneWeb deal is Macron’s satellite dream

Eutelsat Communications has floated a potential acquisition of satellite rival OneWeb worth more than $3 billion. The acquisition would be the latest

Eutelsat Communications has floated a potential acquisition of satellite rival OneWeb worth more than $3 billion. The acquisition would be the latest merger in a race of companies and governments to deliver fast connectivity via loworbit satellites. Founded in 2012, OneWeb collapsed in 2020 when major investors withdrew their money during the height of the coronavirus pandemic.OneWeb and Eutelsat are set to be merged in a deal that would create the worlds biggest geostationary satellite company. In November, US firm Viasat agreed to purchase Londonbased Inmarsat Group for $ 4 billion. OneWeb and Eutelsat are set to merge in a deal that would see the UKbased company using SpaceX to launch satellites after Russia blocked deployments with French rocket company Arianespace. OneWeb currently has a joint venture with Airbus, partowned by France and Germany to manufacture satellites in Florida. Read More..

B2B Tech News | 3 years ago

Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

Get Latest News To Your Inbox, Subscribe To Our Newsletter.

By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.

Take a break, Play Suduko!

Refresh Your Facts

1. Global online sales are predicted to reach 22% of all retail sales in 2023.
15239

2. Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
12661

3. Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
13023

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.
12763

5. Approximately 8 billion gadgets connect on the internet every day.
15855

Sharpen your mind and memory!

Play Mind Game

Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.

Benchmark Reports

News Sites and Consultants