TECH & SCIENCE

Amazon-iRobot acquisition worth USD 1.7 Bn under investigation by FTC

Amazon-iRobot acquisition worth USD 1.7 Bn under investigation by FTC

TECH & SCIENCE

According to a securities filing, US antitrust authorities are reportedly looking into Amazon.com Inc. offer to purchase iRobot Corp., the company that makes the Roomba.

As per iRobot, the Federal Trade Commission formally asked both firms this week for paperwork outlining the goals and justifications behind the proposed USD 1.7 billion merger due to the most recent Amazon-related probe being conducted by the FTC.

Additionally, the organization is also looking into Amazon's USD 3.9 billion acquisition of 1Life Healthcare Inc., which runs One Medical primary-care facilities in 25 U.S. regions.

Accord

Volkswagen chip shortage may continue till 2023, says Automobilwoche

Volkswagen chip shortage may continue till 2023, says Automobilwoche

TECH & SCIENCE

According to Murat Aksel, head of procurement at Volkswagen, the chip shortages are no longer expected to end in 2023, and the German automaker is preparing to sustain the business with the new normal of supply chain interruptions.

Aksel stated that it's a structural issue that can't be rectified so soon, and investments for new capacity are currently on track. However, there will still be a structural gap in semiconductors up to 2023.

On the other side, the supply of wire harnesses, which was in short supply following Russia's invasion of Ukraine in February, is no longer a problem, and is operating at a stable rate again,

Tesla in dilemma to reset retail strategy despite rising sales in China

Tesla in dilemma to reset retail strategy despite rising sales in China

TECH & SCIENCE

Multinational automotive and clean energy company Tesla Inc. is currently reevaluating its sales channels in China, justifiably its second-largest market despite negligible differences in revenue.

Sources close to this development have claimed that the company plans to curtail operations in the more well-known malls in Beijing which witnessed a considerably lower footfall amid restrictions in light of the COVID-19 pandemic.

The primary motive of the transition would be to focus on stores in the comparatively cheaper suburban areas that can also provide them with the advantage of repairs, thereby being in consort with CEO Elon Musk&rsquo

Apple stock surges first time since May with iPhone 14 series rollout

Apple stock surges first time since May with iPhone 14 series rollout

TECH & SCIENCE

Apple Inc. stock has reportedly jumped the highest since May this year with pre-order data revealing iPhone 14 Pro Max as being the most sought-after model, outselling the earlier iPhone 13 Pro Max within the same timeframe.

Additionally, the shares of the tech behemoth have soared 3.9% which is its biggest one-day gain since the end of May and closed above its 200-day average for the first time since August. Experts from top-notch investment banks have asserted that the popularity of the recently launched iPhone series is a prominent factor responsible for the surge.

It is worth mentioning that Apple announced AirPods Pro earbuds, the

Microsoft, Amazon pose a threat to Korea's domestic cloud firms: Report

Microsoft, Amazon pose a threat to Korea's domestic cloud firms: Report

TECH & SCIENCE

International technology giants Microsoft and Amazon are reportedly set to challenge the prominence of domestic firms in South Korea’s cloud computing services industry for the nation’s public sector after the government recently decided to significantly lower entry barrier for the sector.

The Ministry of Science and ICT is working to relax restrictions regarding security certification for cloud systems in order to enable firms to offer cloud computing services to the public sector even if they do not plan to physically segregate their cloud servers for the private and public sectors. The science ministry will reveal more information about its strategy later

China: tech firms see lowest quarter growth as covid takes its toll

China: tech firms see lowest quarter growth as covid takes its toll

TECH & SCIENCE

Technological giants in China are reportedly bearing the brunt of the lowest quarterly growth in their history as the second largest economy in the world records a substantial slowdown due to Beijing's stringent zero-Covid policy.

For Q2 of 2022, e-commerce firm Alibaba reported its first-ever flat year-on-year rise in quarterly revenue. On the other hand, social media and gaming giant Tencent experienced its first-ever drop in sales.

JD.com, the second biggest e-commerce firm based in China, recorded the lowest sales hike in history, while the electric carmaker Xpeng registered a bigger-than-estimated loss and grim guidance. Th

SpaceX’s Starlink cuts monthly subscription prices by half for some

SpaceX’s Starlink cuts monthly subscription prices by half for some

TECH & SCIENCE

Starlink, an internet-from-space service run by SpaceX, owned by the American billionaire Elon Musk, has reportedly informed its users about the reduction in monthly subscription fees owing to local market conditions.

Apparently, users in the Netherlands  have received notifications stating that the monthy subscription charges for their Starlink RV service have been reduced to €105 a month from €124  a month, effective August 24th.

The price reduction is appreciated at a time when most things are becoming costlier due to inflation. The announcement states that the price adjustment is led by the change in the loca

Google launches Google Play Games for PC for all users in five nations

Google launches Google Play Games for PC for all users in five nations

TECH & SCIENCE

Google, the US-based tech giant, has reportedly announced that its Google Play Games for PC program, that allows users to download Android games on Windows, is now accessible under an open beta to all users in five countries namely Hong Kong, South Korea, Taiwan, Australia, and Thailand.

Earlier this year, the company launched a short test in which interested gamers could access the platform by signing up for a waitlist. Now that the event has been announced, they will not need to wait for an invitation.

The limited beta began with a small group of players in South Korea, Taiwan, and Hong Kong before expanding to Australia and Thail

Hankook Tire strengthens global expansion with high-tech EV models

Hankook Tire strengthens global expansion with high-tech EV models

TECH & SCIENCE

Hankook Tire, the largest tire producer in Korea and the seventh largest in the world, is reportedly expected to bolster its market expansion with high-tech, high-quality products that are best suited for enhancing the performance of electric vehicles (EVs).

The hopeful corporate outlook is backed by the continuous upsurge in demand for environmentally friendly cars and the rising fuel costs, supported by the inflated global prices of significant commodities due to geopolitical uncertainties.

These two factors contribute to the sustained popularity of EVs and the proliferating  demand for modern, high-performance, non-durable a