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04 May

Elon Musk’s SpaceX gets a company town in Texas

hightechz.net0 CommentsBusiness, Trending

Residents near Boca Chica Beach in Texas have voted to become a city called Starbase. | Photo by GABRIEL CARDENAS/AFP via Getty Images<br> South Texas voters mostly employed by Elon Musk’s SpaceX have approved a measure to incorporate as Starbase, a new city in Texas’ Cameron County near the company’s Boca Chica Beach launch site on the Gulf of Mexico. The final tally was 212–6 in support of the measure, reports The Associated Press. The election took place following a petition that had gained enough signatures by February to force a vote, in which just 283 people were eligible to…

24 Apr

Intel to lay off more than 20,000 employees

hightechz.net1 CommentBusiness, Trendingai, Intel, Intel lay off, lay off, Lip-Bu Tan, technology

Intel plans to cut 20% of its workforce, or more than 20,000 people, to save costs and streamline its organization. Reuters reported that Intel will announce plans to cut its workforce by 20% this week as part of a turnaround plan by new CEO Lip-Bu Tan. As of December 28, 2024, Intel had 108,900 employees, including thousands of employees at Altera, an independent company co-owned by Intel and Silver Lake. Photo: Reuters. Intel previously laid off about 15,000 people in August 2024. The new cuts will mainly affect non-technical positions, such as administrative, sales, marketing and support functions. The manufacturing…

26 Sep

Mira Murati leaves OpenAI

hightechz.net0 CommentsAI, Businessai, chatgpt, Mira Murati, OpenAI, technology

Mira Murati, Chief Technology Officer of OpenAI, announced her departure from the company on September 25, 2024, after a six-and-a-half-year tenure. Her exit marks a significant leadership change at OpenAI, which has seen several high-profile departures recently. Murati played a pivotal role in the development of major AI innovations, including ChatGPT and DALL-E, solidifying her influence within the industry. Mira Murati. Photo: OpenAI. Her departure comes at a critical time for OpenAI, which is in the midst of securing a $150 billion valuation during a major funding round, led by investors like Thrive Capital, Microsoft, and Nvidia. Murati's decision to leave…

24 Sep

Qualcomm wants to buy Intel

hightechz.net0 CommentsBusiness, Technologybusiness, Intel, Qualcomm, technology

On September 20, U.S. media reported that chip company Qualcomm had approached Intel in recent days and made an offer to acquire the competitor. CNBC, citing sources close to the matter, reported that it is still unclear whether Intel has begun negotiations with Qualcomm or what the specific terms might be. The Wall Street Journal also revealed that this deal is not yet certain. Even if Intel wants to negotiate, the deal is likely to attract attention from antitrust authorities. To complete the merger and acquisition (M&A), Qualcomm might have to sell off some of Intel's assets or business units…

03 Sep

Samsung Interested in Acquiring Nokia’s Mobile Network Infrastructure Division

hightechz.net0 CommentsBusiness, Technology5g, Nokia, samsung, technology

Samsung Electronics, one of the world's leading technology giants, is reportedly in talks to acquire Nokia's mobile network infrastructure division. This potential acquisition has sent ripples through the telecom industry, as it could significantly alter the competitive landscape in the global network equipment market. Here’s what this move could mean for both companies and the broader telecom sector. Samsung at a technology exhibition. Photo: Sammobile. Why Samsung is Interested in Nokia's Network Infrastructure Division Samsung's interest in Nokia's network infrastructure division stems from a strategic push to expand its presence in the telecom equipment market. While Samsung is globally recognized…

12 Jul

Foxconn China increases wages and bonuses to attract workers assembling iPhone 16

hightechz.net0 CommentsBusiness, Productsapple, Foxconn, iphone, iphone 16, technology

Foxconn, the primary assembler of iPhones for Apple, is reportedly increasing wages and offering substantial bonuses to attract workers for the production of the upcoming iPhone 16. This move comes amid ongoing challenges in securing a sufficient workforce at its Chinese facilities. One of the production floors in Foxconn factory at Shenzhen. Photo: Wikipedia. The decision to boost compensation packages reflects a strategic shift by Foxconn to address labor shortages that have plagued the company in recent years. Factors such as changing demographics, rising wages in other sectors, and improved working conditions elsewhere have made it increasingly difficult to recruit…

30 May

Google Makes a Big Bet on Malaysia: $2 Billion Investment to Fuel Cloud Growth

hightechz.net0 CommentsBusinessCloud, Google, Malaysia, technology

Tech giant Google has set its sights on Malaysia's digital future with a hefty investment of $2 billion USD. This significant commitment will see Google develop its first data center and a Google Cloud hub in the Southeast Asian nation. The move signifies Google's confidence in Malaysia's potential as a regional tech hub and its ambition to expand its cloud computing services in the market. Google said it will invest 2 billion USD in Malaysia to develop data centers and cloud services. Photo: Shutterstock The new data center and cloud hub are expected to bring several benefits to Malaysia. Firstly,…