Korea’s Hyundai Corporation invests in robotics development

Hyundai develops autonomous vehicles Korea's Hyundai Corporation will allocate $5 billion for the development of autonomous vehicles and robotics. The funds will be allocated in tranches until 2025 to the company's U.S. subsidiaries. The money will be used to develop artificial intelligence technologies as well as to expand developments in the field of unmanned electric…

Investment company Berkshire Hathaway acquired a stake in HP Corporation

Berkshire Hathaway continues to increase investment in the technology sector Investment holding company Berkshire Hathaway made a deal with computer equipment manufacturer HP from the United States. Warren Buffett's company bought 11.4% of the corporation's shares, the total amount of the acquisition amounted to 4.2 billion dollars. In total, the package includes more than 121…

Japanese automobile concern Honda Motor invests in electric vehicles

Honda Motor wants to expand the production of electric cars Japanese automaker Honda Motor plans to expand the production of electric cars. It intends to invest $40 billion in the production of 30 new models and expand its line of vehicles. Honda plans to produce about 2 million electric cars annually. This strategy will allow…

Softline acquired Indian IT solutions provider Umbrella Infocare

Softline expands its activities Softline announced the acquisition of Umbrella Infocare, which develops cloud technology solutions. The deal is one of the steps to create a modern center of Softline, which will deal with AWS technologies. This direction will allow the company to expand the list of services for the design and provision of cloud…

Nokia and NGP Capital launch a new investment fund

Nokia plans to invest in promising startups Finnish company Nokia has joined forces with venture capital firm NGP Capital to create a joint fund. Fund V is designed to invest in various startups that work in cybersecurity, 5G technology, and cloud computing. The fund has only one investor, Nokia, and the company has already invested…

TSMC and Sony build a joint plant in Japan

Sony invests $500 million in new TSMC plant Sony Corporation will allocate $500 million for the construction of the TSMC plant in Japan. It is planned that the plant will produce image sensors and components for the production of automotive systems. It will be microchips made on the basis of a 22/28 nm technological process. …

HackerOne received investment for platform development

HackerOne: a platform for hackers and their clients The American company HackerOne received an investment of $49 million. It is known for creating a platform where hackers reveal vulnerabilities in the cybersecurity systems of business companies, and the latter pays for the services provided. The main investor in the round was GP Bullhound, and Valor…

U.S. corporation Amazon announced the launch of a stock split

Amazon launches share buyback and stock split option U.S. giant Amazon plans to repurchase shares in the amount of 10 billion dollars. In addition, the corporation intends to split the securities in the proportion of 20:1. It should be noted that the procedure for splitting shares is observed in Amazon for the first time since…

Chinese authorities have imposed a listing ban for technology companies

How the listing ban on foreign stock exchanges will be implemented The Chinese government continues to tighten the rules for technology companies. The authorities have introduced a complete ban on listing on stock exchanges in other countries. Previously, the IT business used the option of IPO on foreign stock markets through the mechanism of VIE…

Apple’s capitalization reached 3.0 trillion dollars

Apple's capitalization rises amid record rises in stock prices Shares of U.S. electronics maker Apple have set a new record. The value of securities at the beginning of the trading session on the NASDAQ stock exchange rose by 0.95% to almost 184 dollars per unit. Thus Apple's capitalization rose to $3.0 trillion. Over the past…

02.05.20220Comments

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