The South Korean electronics giant Samsung Electronics Co Ltd is planning to set up a new $17 billion chip plant and is considering Austin, Texas, in the United States as one of the possible sites. According to documents filed with Texas state officials by Samsung, this new factory will help to...

The novel coronavirus or the Covid-19 pandemic has resulted in a major shift of consumers towards online shopping and digital transactions which has turned out to be very beneficial for the digital payments firm PayPal Holdings Inc.   The company comfortably beat estimates quarterly profit...

The United States based auto giant Ford Motor said that it has decided to bring an end to its planned partnership with China's Zotye Automobile for launching and manufacturing of electric vehicle through a joint venture.   Since Ford had signed the joint venture agreement with the Chinese...

The news laws proposed in Australia that would force internet giants Google and Facebook Inc to shell out money to the domestic media outlets for using their content was fully supported on Wednesday by the United States based software giant Microsoft Corp.   “While Microsoft is not subject...

Google parent Alphabet Inc announced plans for hiring and facility construction after the company reported better than expected quarterly sales from its advertising and Cloud businesses which was partly driven by the pandemic.   The lockdowns imposed to prevent the spread of the Covid-19...

There are concerns among a section of the executives of the South Korean auto major Hyundai Motor Group about a tie up with the iPhone maker Apple as over ears of becoming a contract manufacturer for the United States based tech giant which has apparently reduced the chances for a deal between the...

The Japanese car maker Toyota Motor Corp promised to provide the "safest mobility" of the world while unveiling of its Woven Planet research unit at a virtual media event on Friday even as auto and tech companies are rushing to develop self-driving and connected cars which also includes Toyota....

A surge in demand for its diabetes and cancer drugs a partial benefit from the sales of its Covid-19 antibody treatment helped the drug making giant Eli Lilly and Co beat estimates of Wall Street analysts for the profits of the company for the fourth quarter on Friday.   The quarterly sale...

The ban on the Chinese telecom company Huawei by the United States and a surge in demand and sale for its 5G telecom equipment helped Ericsson to comfortably beat its fourth quarter core earnings forecasts on Friday.   The better than expected performance of the Swedish company helped a...

An increase in demand globally for its electric cars propelled the United States based Tesla to report record deliverie3s o fits vehicles in the fourth quarter.   However after the company reported a lower than expected profits for the quarter, shares of the company dropped in after-hours...

The Indian government had banned the Chinese owned TikTok in the country in June last year.  The short video sharing app owned by China’s ByteDance is not reducing its staff size in the country as the company is apparently unsure about whether the government will revoke the ban on the app in...