Foxconn, the multinational electronics manufacturing company, has announced plans to invest $1 billion USD to establish a smartphone display assembly unit in Tamil Nadu, India, solidifying its position as a key manufacturing hub in the country. According to reports, this investment will boost local manufacturing, create jobs, and strengthen India’s position in the global supply…
Stellantis To Recall 15,835 Vehicles
Stellantis has issued a recall of 15,835 vehicles in the United States due to a software error affecting the front airbags. According to reports, the airbag control module may malfunction due to a software issue, which may cause the airbags to deploy with excessive force in a crash, increasing the risk of injury to the…
General Motors To Recall 18,235 Vehicles In The US
General Motors has issued a recall of 18,235 commercial vehicles in the United States due to concerns over brake lines. According to reports, the brake line may have insufficient clearance to the body mounts, which can result in brake line damage that can lead to a brake fluid leak. Affected vehicles include Chevrolet Express Cutaway…
El Cosmico: World’s First 3D Printed Hotel
El Cosmico is said to be the world’s first 3D printed hotel opening in the outskirts of the city of Marfa, Texas, and is being constructed by Texas-based 3D printing company ICON. According to reports, the property spans over 40 acres and will feature 43 new single-room hotel units and 18 three-bedroom residential units, all…
Nebius $1 Billion AI Infrastructure Investment In Europe
Nebius is a technology company founded in 2020 and headquartered in Amsterdam. It specializes in building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, cloud platforms, and tools and services for developers. According to reports, Nebius has announced plans to invest over $1 billion USD to build…
Commvault To Acquire Clumio
Commvault Systems, Inc. is an American publicly traded data protection and data management software company founded in 1996 and headquartered in Tinton Falls, New Jersey. Its software is used for backup, recovery, threat detection, cloud, and infrastructure management from a single unified interface. According to reports, Commvault has announced plans to acquire Clumio, a data…
ByteDance Is Shutting Down TikTok Music
ByteDance Ltd, the parent company of TikTok, has announced plans to shut down TikTok Music, its music streaming service, in November 2024, to focus on driving greater music listening by partnering with music streaming services rather than competing with them. According to reports, subscribers can continue using the service until November 28, after which renewals…
Octopus Energy: Exagen Group Acquisition Deal
Octopus Energy Group is a British renewable energy group founded in 2015 and headquartered in London, England. It specializes in sustainable energy and is the UK’s largest supplier of electricity to domestic customers and the second largest in domestic gas. According to reports, Octopus has announced plans to acquire Exagen Group, a solar and battery…
Vista & Blackstone To Acquire Smartsheet For $8.4 Billion
Vista Equity Partners, an American private equity firm founded in 2000 that specializes in investments in software, data, and technology-enabled businesses along with Blackstone has announced plans to acquire Smartsheet, a collaboration software maker for $8.4 billion USD. According to reports, this all-cash transaction values Smartsheet at $56.50 per share and will accelerate the vision…
Samsung To Invest $1.8 Billion In Vietnam
Samsung has announced plans to invest $1.8 billion USD in Yen Phong Industrial Park in Bac Ninh province, Vietnam, to manufacture organic light-emitting diode (OLED) displays. According to reports, the new facility will be used for the production of OLED displays for automobiles and technology equipment to expand Samsung’s presence in the region. The report…