Govt gives telecom giants extended deadline to boot Huawei out October 13, 2022 The government has extended the deadline for telecom giants to boot Huawei from its 5G network after concerns that it could cause major disruption. The timeframe for the likes of BT’s Openreach and Vodafone to remove Huawei equipment and services in core networks was moved 11 months from January 2023 to December. Telecoms and broadband [...]
Alphawave inks £215m deal for Israeli processing chip developer October 13, 2022 Connectivity infrastructure company Alphawave has inked a $240m (£215m) deal for an Israeli processing chip developer, which makes semiconductors powerful enough to help data centres run. The deal for Bainas Labs strengthens Alphawave’s silicon products in its digital signal processing division, the company said in a statement this morning, as it looks to double down [...]
Semiconductor supply ‘gradually improving’, says Britain’s DiscoverIE October 13, 2022 The supply of semiconductors is “gradually improving” following several years of trickling quantities and rampant demand, British electronic components manufacturer DiscoverIE said today. Bosses within the semiconductor industry have described the chips market as cyclical, with ebbs and flows of over-and-under supply. The London-listed group, which relies heavily on semiconductors, said that despite supplies remaining [...]
Tiktok parent firm ByteDance boosts stock option buyback October 12, 2022 In a quest to keep staff happy, TikTok’s parent firm ByteDance is reportedly initiating a second stock option buyback for staff at a higher price than the previous one. The Chinese company told staff via email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance’s stock option programme. It offered [...]
BCB Group’s new DeFi Yield product offers investors attractive returns within a safe structure October 12, 2022 London, 11th October 2022 – BCB Group – a leading provider of business accounts and trading services for the digital asset economy, announces the launch of its latest new investment strategy – DeFi Yield – and appoints Re7 Capital as the fund manager for this strategy. Earlier this year, BCB Group successfully launched BCB Yield, [...]
A Musk move: Twitter weighs up dropping permanent bans October 12, 2022 Twitter is reportedly weighing up policy changes that could mean permanent bans on disruptive users are scrapped. The social media firm has been assessing content moderation tools for a while now, and sources told the Financial Times that this may entail axing its harshest penalty, which was famously applied to former US President Donald Trump. [...]
Intel to cull thousands of jobs amid sales slowdown October 12, 2022 Intel is set to cull thousands of staff as the chipmaker attempts to fight off a sales slowdown. According to initial reports from Bloomberg, the layoffs will be announced as early as this month, slimming back its 113,700 global headcount. Sources told the publication that the sales and marketing teams could see as many as [...]
Chipmakers continue to feel hangover from US export ban October 11, 2022 SHARES in chipmakers continued to tumble today, as the sector feel the hangover of Washington’s decision to limit chip exports to China. Adding fuel to the US-China tech war on Friday, President Joe Biden blocked American firms from selling chips for use in AI and supercomputers in China. He said these curbs were aimed at [...]
UK spy chief tells parents not to worry about letting kids on TikTok October 11, 2022 Top UK spy chief has said he wouldn’t tell youngsters to keep away from TikTok, despite concerns from the government about the Chinese app’s safety. The director of GCHQ Jeremy Fleming told BBC Radio 4’s Today show that he would not be concerned if his own children used the social media, but said he would discuss [...]
Adam Norris: A driving force for the good of the planet October 11, 2022 Adam Norris talks to City AM about his remarkable life, a burning passion for making a difference, and being the father of a Formula 1 star.