Samsung’s new chip module brings flagship features to mid-range phones

South Korean multinational technology firm Samsung Electronics Co. Ltd. has reportedly announced the mass production of its new smartphone memory solution, the LPDDR5 UFS-based multichip package (uMCP). It combines UFS 3.1 NAND flash with L....

Breckenridge Pharmaceutical receives FDA approval for anti-cancer drug

According to reliable sources, Natco Pharma’s marketing partner Breckenridge Pharmaceutical Inc. has obtained approval from U.S. Food and Drug Administration (USFDA), for its anti-cancer drug Carfilzomib Vials. For the record, Carfil....

Immersive Labs to use freshly secured USD 75 Mn for global expansion

Immersive Labs, a cybersecurity training platform, has reportedly secured USD 75 million in a Series C funding round that was led by Insight Partners. The U.K.-based startup has now raised USD 123 million to date. The funding round also sa....

Ransomware attack forces JBS to pay USD 11 million to extortionists

The world's largest meatpacking company JBS S.A. has reportedly shut its operations in Australia and North America due to a ransomware attack. The firm paid a ransom equivalent to USD 11 million to prevent any further disruption by the ....

Amazon might face USD 450 million fine for violating EU privacy reforms

Online retailer Amazon might face a USD 425 million fine for allegedly violating EU privacy laws. The case is related to alleged infringements of EU’s General Data Protection Regulation, GDPR, which were implemented back in 2018. For....

Volkswagen invests USD 620 million in Northvolt’s latest funding round

Northvolt will use the fresh funds to expand its manufacturing capabilities to cater to the rising demand for electric vehicles. Volkswagen currently owns around 20% stake in Northvolt. German automotive giant Volkswagen AG has reporte....

GM expands Onstar Guardian service reach beyond its vehicle owner base

Onstar Guardian app can be downloaded on both and Android and Apple smartphones. Subscription to the app will be offered at USD 15 per month. American automotive giant General Motors (GM) has expanded the subscription base of its Onsta....

Ericsson to back UNICEF’s efforts against COVID-19 pandemic in India

Renowned multinational networking and telecommunications giant Telefonaktiebolaget LM Ericsson has announced that it will support UNICEF in addressing urgent healthcare needs in India that have arisen amid the second wave of the COVID-19 pa....

IPO-bound Zomato to shift its entire fleet to electric vehicles by 2030

Indian food delivery startup Zomato has committed to shifting its entire delivery fleet to electric vehicles by the year 2030. The company has also joined the global electric mobility initiative EV100 of the Climate Group, reflecting on sim....

Ford Motor temporarily halts its Mustang Mach-E deliveries in the U.K.

American automotive giant the Ford Motor Company has reportedly paused the deliveries of its first long haul EV namely, the Mustang Mach-E, in the U.K. The delay is caused by an issue with the eCall system which failed to provide accurate l....