In a bold move aimed at solidifying its position in the global semiconductor market, the European Union has given the green light to "The EU Chips Act," a momentous investment of €43 billion in building semiconductor fabs within Europe. The ambitious plan, as outlined in a press release by the European Council, sets its sights on doubling the EU's global…
Apple enthusiasts, mark your calendars: the highly anticipated Macs featuring Apple's M3 processor are set to make their debut in early October. According to tech expert Mark Gurman, these cutting-edge devices will likely take center stage after the company's annual iPhone event in September. While it might be premature for high-performance MacBook Pro or desktop releases, the M3-powered Macs are…
In a resounding display of financial prowess, Microsoft has reported a staggering $20 billion in profit for its fiscal fourth quarter, surpassing analysts' predictions of $2.55 per share with an impressive $2.69 per share. Fast Company's latest report reveals that the tech giant generated a remarkable revenue of $56.2 billion for the April-June quarter, marking an 8% year-over-year growth. Key…
Netflix, the popular video streaming service, has just unveiled an exciting new feature called "My Netflix," aimed at users with limited time to search for captivating content. This innovative addition is a dedicated section within the mobile application (available on iOS and Android) that keeps track of all user activities, including watched movies, shows, series, downloads, playlists, trailers, and content…
Apple's iPhone 15 is gearing up for a massive production, with the tech giant ordering a whopping 85 million units from suppliers. The move comes as a surprise to some, as global economic turbulence and declining smartphone sales raise concerns. However, Apple remains steadfast in its strategy to ensure a steady supply of its highly anticipated device. The decision to…
In a surprising turn of events, IDC statistics have revealed a remarkable rise in Apple Mac sales amidst a general market downturn during the second quarter of this year. Despite the challenging economic landscape, Apple demonstrated an impressive year-on-year growth rate of 10.3%, standing as the lone PC maker among the top five to achieve positive results. This achievement has…
The European Commission has expressed concerns over Amazon's proposed acquisition of iRobot, fearing that the deal could result in limited competition within the robot vacuum cleaner market and strengthen Amazon's position as an online marketplace provider. The EU regulator is currently investigating whether the access to iRobot users' data would provide Amazon with an advantage in online services, including advertising,…
In a monumental move that could reshape the IT landscape, semiconductor giant Broadcom has cleared a major hurdle in its acquisition of virtualization technology developer VMware. After months of intense antitrust investigation, the EU regulator has finally given the green light to the staggering $61 billion deal, albeit with certain requirements. Broadcom initially announced its purchase of VMware in May…
Apple Inc., the technology giant that revolutionized our lives with its innovative products, has reached an important milestone. After more than a year, Apple stock hit a historic high, marking a remarkable rebirth for the company. Bloomberg reports that the stock rose 1.6 percent to close at an impressive $183.79. The achievement was Apple stock's first record close since January…
In a gripping courtroom drama unfolding in London, two teenagers, 18-year-old Arion Courtay and a 17-year-old whose identity remains undisclosed, are on trial for allegedly hacking into several high-profile companies, including NVIDIA, Rockstar, and Uber. The charges against them encompass serious computer misuse, blackmail, and fraud, with suspicions arising of their involvement with the notorious hacker group known as Lapsus$.…
