Chip firm Advanced Micro Devices Inc. agreed to acquire about $2.1 billion of silicon wafers from GlobalFoundries Inc. from 2022 through 2025. Previously, AMD agreed to buy $1.6 billion worth of chips between 2022 and 2024. AMD spun off its chip factory operations in 2009, leading to GlobalFoundries, and has supplied AMD since then, Reuters reports. However, GlobalFoundries in…
Megacap Tech Stocks Lift Futures; Omicron Risks Linger
U.S. stock index futures inched higher on Monday, boosted by megacap companies, while hundreds of Omicron-driven flight cancelations kept investors on edge at the start of this year’s final trading week. Travel-related stocks, typically sensitive to news around the coronavirus, slid after U.S. airlines called off many flights for a third day on Sunday as…
Russia Blocks Website of Group That Tracks Political Arrests
MOSCOW—A Russian organization that tracks political arrests and provides legal aid to detainees said Saturday that government regulators blocked its website, the latest move in a months-long clampdown on independent media and human rights organizations. OVD-Info reported that Russia’s internet and communications watchdog, Roskomnadzor, blocked the group’s website. The organization said in a tweet that…
GM Releasing Kits That Can Convert Old Gasoline Cars to Electric Vehicles
December 25, 2021
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Business & EconomyCompanieselectric vehicle technologyGeneral Motors CoTechTech NewsUS electric vehicle battery
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General Motors (GM) plans on going beyond manufacturing a fleet of electric cars, according to an announcement Wednesday regarding electrification component sets, which are capable of converting most old gasoline-powered automobiles into new-age electric vehicles (EV). The technology will be used for EV conversion projects and GM expects to target a group of diverse commercial…
Bus or Train? World’s First ‘Dual-Mode Vehicle’ to Begin Operating in Japan
TOKYO—It’s a bus, it’s a train, it’s a DMV! The world’s first dual-mode vehicle, equally at home on road and rail, is set to make its public debut on Saturday in the town of Kaiyo in Japan’s Tokushima prefecture. The DMV looks like a minibus and runs on normal rubber tires on the road. But…
GM, Google, Others Join Retreat From CES Over Rising COVID-19 Cases
December 24, 2021
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AMERICABusiness & EconomyCCP VirusCESCompaniesCOVIDGMGoogleMedia & Big TechretreatTechTech NewsUSUS News
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U.S. automaker General Motors Co., Alphabet Inc.’s Google, and its self-driving auto-technology company Waymo on Thursday joined the companies no longer attending the Consumer Electronics Show (CES) in person early next month due to rising COVID-19 infections. GM Chief Executive Mary Barra had been scheduled to give a keynote speech at the annual conference on…
Finland Man Blows Up His Tesla Car After Facing $22,000 Replacement Battery Bill
A man in Finland has blown up his Tesla vehicle with 66 pounds of dynamite in defiance over the cost of a new battery after he was faced with a $22,000 repair bill. Tuomas Katainen, who lives in Jaala village in south Finland’s Kymenlaakso, exploded his 2012 Tesla Model S at a former quarry in a…
What’s Under the ‘Hood’ of Self-Driving Cars?
By Olga Megorskaya Waymo, a unit of Google’s Alphabet Inc., and Yandex Self-Driving Group, a division of the Russian-based Yandex corporation, are among more than a dozen leading names in automated vehicle software and hardware. The former recently launched a pilot self-driving taxi program in San Francisco, the latter has been testing its automated cars…
Amazon Restores Cloud Services After Power Outage Hits Data Center
Several apps and websites, including those of streaming service Hulu, office messaging app Slack and Epic Games, were up and running after being hit by a brief power outage at one of Amazon.com Inc’s data servers on the U.S. East Coast. “The issue has been resolved and the service is operating normally,” AWS said. Amazon…
Facebook Appeals UK Ruling That It Must Sell Giphy
LONDON—Facebook-owner Meta is appealing Britain’s ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its rivals or could impact competition in display advertising. Britain’s Competition and Markets Authority (CMA) ordered Meta to sell Giphy, which it acquired for a reported…
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