AgniKul Cosmos Private Limited is an Indian aerospace manufacturer founded in 2017 with its headquarters in Chennai, India. The company specializes in launch vehicles and satellite propulsion systems. According to reports, Agnikul launched its first sub-orbital test spacecraft named Agnibaan SOrTeD (Sub-Orbital Technology Demonstrator), powered by 3D-printed semi-cryogenic engines on May 30, 2024, from its…
China: $845 Million EV Battery Investment
China has announced plans to invest $845 million USD to develop next-generation battery technology for electric vehicles. This investment will involve 6 companies, including CATL, BYD, and Geely, in the development of all-solid-state batteries (ASSBs). All-solid-state batteries are a type of battery technology designed to replace the liquid electrolyte in traditional lithium-ion batteries with a…
Nissan Recalls 83,920 Vehicles
Nissan has issued a “Do Not Drive” warning for 83,920 vehicles equipped with recalled and unrepaired Takata airbags. According to the notice from the National Highway Traffic Safety Administration (NHTSA), due to the age of the vehicles equipped with defective Takata airbag inflators, the inflator could explode during an airbag deployment, propelling sharp metal fragments…
Google: $2 Billion Investment In Malaysia
Google has announced plans to invest $2 billion USD in Malaysia to develop its first data center and cloud hub in the country. This investment deal will enhance the country’s digital ambitions and artificial intelligence capabilities, as well as other advanced technologies, to unlock the potential of digital transformation. The report further mentions that the…
ConocoPhillips: $22.5 Billion Marathon Oil Deal
ConocoPhillips Is an American multinational corporation founded in 2002 and headquartered in Houston, Texas. It specializes in hydrocarbon exploration and production. According to reports, ConocoPhillips has announced plans to buy Marathon Oil in an all-stock deal worth $22.5 billion USD, including about $5.4 billion of debt as it aims to add high-quality, low-cost supply inventory,…
Campbell To Layoff 415
The Campbell Soup Company, also known as Campbell’s, is an American company founded in 1869 and headquartered in Camden, New Jersey. The company produces canned soup products, baked goods, beverages, and snacks. It is one of the largest processed food companies in the United States. According to reports, Campbell’s has announced plans to lay off…
T-Mobile: $4.4 Billion U.S Cellular Deal
T-Mobile, the American wireless network operator, has announced plans to buy almost all of United States Cellular’s wireless operations for $4.4 billion USD. This deal will allow US Cellular to retain 70% of its spectrum portfolio, ownership of 4,400 towers, and equity-method investments. It will also grant T-Mobile a long-term lease to 2,600 towers. The…
Malaysia: $107 Billion Semiconductor Investment
Malaysia has announced it’s targeting a $107 billion investment in its semiconductor industry as it aims to position its self as a global manufacturing hub. Malaysia’s semiconductor industry accounts for 13% of global testing and packaging. This investment will be used for integrated circuit design, advanced packaging and manufacturing equipment for semiconductor chips. The report…
ITU: $4.8 Billion Investment
ITU, The International Telecommunication Union, is a specialized agency of the United Nations. It was founded in 1865 as the International Telegraph Union and is headquartered in Geneva, Switzerland. It is responsible for many matters related to information and communication technologies. It is also one of the oldest UN agencies. According to reports, ITU has…
China: $47.5 Billion Chip Industry Investment
China has announced plans to invest $47.5 billion USD into its chip industry, the country’s largest ever semiconductor investment. This deal is aimed at boosting the country’s chip production and reducing its reliance on foreign suppliers. It is also part of the Made in China 2025 initiative, which aims to make the country a global…