Samsung Medison Co., Ltd. is a manufacturer of diagnostic ultrasound systems. It is a subsidiary of Samsung Electronics and was founded in 1985. As of 2020, the company has sold its medical devices in 110 countries, which amounts to 85% of its total sales. According to reports, Samsung Medison has announced the acquisition of Sonio,…
Microsoft: $3.3 Billion Data Center facility
Microsoft has announced plans to build a $3.3 billion USD high-tech data center facility in Wisconsin, where Taiwan electronics manufacturer Foxconn had planned to build a $10 billion USD factory but scaled back on its plans. This investment deal will create 2,300 construction jobs and 2,000 permanent jobs over time. Microsoft will also partner with…
Akamai: $450 Million Noname Security Deal
Akamai Technologies, Inc. is an American delivery company, founded in 1998 and headquartered in Cambridge, Massachusetts. It operates a worldwide network of servers and provides content delivery network (CDN), cybersecurity, DDoS mitigation, and cloud services. According to reports, Akamai has announced the acquisition of Noname Security for $450 Million USD. This acquisition deal is expected…
Microsoft: $2.2 Billion AI & Cloud Investment In Malaysia
Microsoft has announced plans to invest $2.2 billion USD in cloud and artificial intelligence infrastructure in Malaysia. This investment deal is expected to be made over the next 4 years and will also involve collaboration with the Malaysian government to establish a national AI center in the country to enhance the country’s cybersecurity capabilities.The report…
China: World’s Largest Electric Container Ship
The Greenwater 01 is the world’s first fully electric container ship, developed and manufactured by the state-owned China Ocean Shipping Group (Cosco). COSCO is a shipping company that was formed after a merger with China Shipping Group in 2015, with its headquarters in Shanghai. According to reports, the Greenwater’s propulsion system is powered solely by…
Microsoft: $1.7 Billion AI & Cloud Investment
Microsoft has announced plans to invest $1.7 billion USD in cloud and artificial intelligence infrastructure in Indonesia. This investment deal is expected to be made over the next four years and will include building a new data center as it aims to bring the latest AI and cloud infrastructure to Indonesia. The report further states…
IBM: $730 Million Semiconductor Investment
IBM, International Business Machines, the world’s largest industrial research organization, has announced plans to invest $730 million USD to expand its semiconductor packaging and testing plant in Bromont, Quebec, Canada. This investment deal is expected to be made over a period of five years and will focus on advanced semiconductor components as it aims to…
UK: World’s First Ban On Weak Passwords
The UK government has announced plans to ban weak passwords on all smart devices to improve cybersecurity and protect against threats from hackers. The ban is part of a broader effort to implement stricter security measures for internet-connected devices such as phones, TVs, smart doorbells etc. Users will be prompted to change any common or…
Amazon: $10.6 Million Fine
Italy’s competition authority has fined two Amazon companies a sum of $10.6 million USD for allegedly engaging in unfair commercial practices related to online purchases. The Italian Competition Authority, also known as Autorità Garante della Concorrenza e del Mercato (AGCM), is a competition regulator in Italy. It is responsible for consumer protection against unfair trade…
IBM: $6.4 Billion HashiCorp Deal
IBM, International Business Machines, the multinational technology corporation known as Big Blue, has announced plans to acquire HashiCorp for $6.4 billion USD. This acquisition deal is expected to close by the end of the year and will bring about a comprehensive hybrid cloud platform designed for the AI era. The report further states that IBM…