Category: Tech News

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SK Hynix to set up $11b chip plant in South KoreaConstruction of the facility will begin in Oct and be completed early 2025

SK Hynix Inc, the world’s second-largest memory chip maker, said on Tuesday it will invest 15 trillion won ($10.9 billion) over the next five years to build a new chip plant in South Korea. Construction of the facility, called M15X, will begin in October and be completed early 2025 in Cheongju, south of Seoul, SK Hynix said in a statement. The plant will make memory chips, but whether it will be DRAM chips or NAND flash chips will… Continue reading SK Hynix to set up $11b chip plant in South KoreaConstruction of the facility will begin in Oct and be completed early 2025

China-focused hedge funds lower exposure as risks, uncertainties mount

Some of Asia’s large China–focused hedge funds are buying more non-China stocks as regulatory scrutiny, policy uncertainties and a slowing mainland economy force them to cut exposure to offshore Chinese assets. Beijing’s clampdown on technology companies, a real estate debt crisis, Sino-US audit tensions and disruptions from zero-COVID policies, have hit sentiment, portfolio managers said, adding it was difficult to see how… Continue reading China-focused hedge funds lower exposure as risks, uncertainties mount

Will Tesla be able to keep Musk’s revolutionary battery tech promise?

The secret behind Elon Musk’s goal of selling 20 million Tesla’s a year by 2030 lies in its pioneering battery technology. The good news is that by using bigger cells and a new process to dry-coat electrodes, Tesla could halve the cost of a Model Y battery, saving more than 8% of the car’s US starting price, battery experts with ties to the company… Continue reading Will Tesla be able to keep Musk’s revolutionary battery tech promise?

Binance set to convert users’ USD Coin into its own stablecoin

Binance, the world’s largest crypto exchange, said on Monday it will automatically convert user balances and new deposits of the stablecoins USD Coin, Pax Dollar and True USD into its own stablecoin, Binance USD. The move is intended to enhance liquidity and capital efficiency for users, Binance said in a statement. Stablecoins are a type of cryptocurrency designed to maintain a constant value, for example through a 1:1 U.S. dollar peg. They… Continue reading Binance set to convert users’ USD Coin into its own stablecoin

Reliance to buy 79% in US-based solar energy software maker SenseHawk for $32m

India’s Reliance Industries said late on Monday it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million. The stake purchase is part of the oil-to-chemicals conglomerate’s aggressive push into the renewable energy sector, with aims to produce 100 GW of solar energy by 2030. SenseHawk develops tools for the solar… Continue reading Reliance to buy 79% in US-based solar energy software maker SenseHawk for $32m

Drover AI’s Alex Nesic on using tech to regulate the scooter market

As shared micromobility continues to take over cities, operators have found themselves implementing different forms of scooter “advanced rider assistance systems” or scooter ARAS, that can detect when a rider is doing the thing cities hate most — riding on the sidewalk. Drover AI, a startup that had the gumption to launch in May 2020,… Continue reading Drover AI’s Alex Nesic on using tech to regulate the scooter market

The 8 best iPhone models of 2022

Apple’s iPhones are arguably the best smartphones available — with responsive performance, regular updates for years, compelling hardware designs, outstanding camera technology, and an ecosystem that appeals to the masses. We have seen improvements in battery life, advanced multi-camera functionality, and continued improvements to Apple’s iOS. The high-end iPhones are pricey, but Apple’s processor architecture… Continue reading The 8 best iPhone models of 2022

The two smart devices I will never install in my house

Getty Images/iStockphoto I live in a relatively smart house. We have an Alexa in every room. Yes, including our two bathrooms. We have smart bulbs or smart light fixtures in nearly all of our rooms, and can control brightness, intensity, and sometimes color. Our hallway lights up when we walk through it. We have smart… Continue reading The two smart devices I will never install in my house

Buick offers to buy out dealers who don’t want to make the switch to electric cars

Buick is offering to buy out dealers who don’t want to make the necessary investments to upgrade to electric vehicles, The Wall Street Journal reports. In an interview with WSJ, Global Buick chief Duncan Aldred said that all 2,000 Buick franchise dealers in the US will be given the opportunity to take a buyout. Taking… Continue reading Buick offers to buy out dealers who don’t want to make the switch to electric cars