Apple and Koss have ended their feud over wireless headphone patents shortly before trial. As Reuters notes, the two told a Waco, Texas-based federal court on Saturday that they had reached a settlement over Koss’ claims Apple had infringed on patents for wireless audio technology. The terms of the settlement haven’t been disclosed, but the… Continue reading Apple and Koss settle dispute over wireless headphone patents
Category: Tech News
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‘World of Warcraft: Wrath of the Lich King Classic’ arrives on September 26th
World of Warcraft Classic will return to the Wrath of the Lich King era on September 26th, Blizzard announced on Monday. WotLK is widely considered one of the best expansions in World of Warcraft’s nearly 20-year history. Even if subsequent releases went on to expand the game’s mechanics in more interesting and creative ways, few… Continue reading ‘World of Warcraft: Wrath of the Lich King Classic’ arrives on September 26th
GM secures $2.5 billion government loan to build EV battery factories
The Energy Department’s Advanced Technology Vehicles Manufacturing Program (ATVMP) hasn’t offered a loan to an electric car maker since 2010, but it’s ready to offer money once again. As Reuters reports, the Energy Department is providing a $2.5 billion loan to the GM and LG joint venture Ultium Cells for the sake of constructing EV… Continue reading GM secures $2.5 billion government loan to build EV battery factories
More new players brush off fears to enter Indonesia’s growing crypto sectorUnicorn Ajaib, Vonix, and the Sinar Mas Group have entered the sector latel…
Even as cryptocurrency investors worldwide have taken a severe beating this year, in Indonesia, new players continue to enter the sector as investor appetite for virtual assets remains strong. East Ventures-backed wealth tech platform Stockbit, for instance, is reportedly eyeing crypto assets, DealStreetAsia has learned. The firm is currently hiring for roles related to blockchain… Continue reading More new players brush off fears to enter Indonesia’s growing crypto sectorUnicorn Ajaib, Vonix, and the Sinar Mas Group have entered the sector latel…
Mega deals in India drop 46% to $3.9b as investors develop cold feet
Even as private equity and venture capital investors have amassed huge capital for their India-related funds, in terms of actual deployment, they seem to be increasingly pulling their purse strings, waiting to separate the wheat from the chaff and identify startups with superior unit economics. “It is not only the early-stage transactions that are bearing… Continue reading Mega deals in India drop 46% to $3.9b as investors develop cold feet
B2B e-commerce unicorn Moglix eyes expansion, aims to break even in 12-18 months
It has been just over a year since industrial business-to-business (B2B) e-commerce player Moglix entered the unicorn club, and the company is busy chalking out plans to capture new markets, possibly as early as next year. The company is also looking to break even (EBITDA positive) in the next 12-18 months. For reference, the company’s… Continue reading B2B e-commerce unicorn Moglix eyes expansion, aims to break even in 12-18 months
Germany’s DEG commits to invest $8.1m in Otto Fuchs’s China subsidiary
DEG, the development finance institution under German state-owned KfW, has committed to invest EUR 8 million ($8.1 million) in Otto Fuchs to support the capacity expansion of the company’s subsidiary in China, according to a disclosure. Founded in 1910, Germany’s Otto Fuchs develops products for the aerospace, automotive, construction and industrial engineering sectors. Go to… Continue reading Germany’s DEG commits to invest $8.1m in Otto Fuchs’s China subsidiary
KKR targets up to $1.5b for debut Asia-focused tech fund: Report
Global private equity powerhouse KKR is raising up to $1.5 billion for its debut technology growth fund that will focus on Asia, according to an AVCJ report. The fund, KKR Asia Next Generation Technology Growth Fund, will likely follow KKR’s Next Generation Technology (NGT) strategy where it invests in majority or minority stakes in private… Continue reading KKR targets up to $1.5b for debut Asia-focused tech fund: Report
GM joint venture to receive $2.5B government loan for US battery plants
The U.S. Department of Energy is reviving an old loan program and its first recipient is the joint battery venture between General Motors and LG Energy Solution. The $2.5 billion loan issued to GM and LG Energy will be used to help finance the construction of new lithium-ion battery cell manufacturing facilities. Reuters was first… Continue reading GM joint venture to receive $2.5B government loan for US battery plants
Faraday’s future on shaky ground as EV production delayed again
Faraday Future has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues, the company said in a regulatory filing. The troubled EV startup-turned-publicly-traded-company said start of production and first deliveries of its FF 91 EV in the United States is now expected in the third or fourth quarter… Continue reading Faraday’s future on shaky ground as EV production delayed again