
Samsung Family to Sell $1.22 Billion in Shares to Pay Inheritance Taxes
Oct 18, 2025 03:10 am UTC| Business Technology
Samsung Electronics controlling family plans to sell shares worth about 1.73 trillion won ($1.22 billion) as part of efforts to settle inheritance taxes and repay loans. According to a regulatory filing with the Korea...

Nvidia Unveils First U.S.-Made Blackwell Wafer to Boost AI Chip Production and U.S. Tech Leadership
Oct 18, 2025 02:55 am UTC| Technology Business
Nvidia has unveiled the first U.S.-made Blackwell wafer, produced at Taiwan Semiconductor Manufacturing Companys (TSMC) advanced facility in Phoenix, Arizona. The milestone marks a major step in strengthening the U.S....

Envoy Air Confirms Data Breach Linked to Oracle E-Business Suite Exploit by CL0P Hackers
Oct 18, 2025 02:22 am UTC| Business Technology
Envoy Air, the largest regional carrier for American Airlines, has confirmed a cybersecurity breach tied to a recent wave of attacks exploiting vulnerabilities in Oracle E-Business Suite applications. The Irving,...

New York Approves Transmission Line for Micron’s $100 Billion Semiconductor Megafab
Oct 17, 2025 06:40 am UTC| Governance Business Technology Politics
New York Governor Kathy Hochul announced the approval of a new underground transmission line that will connect the existing Clay substation to Micron Technologys upcoming semiconductor megafab in Onondaga County. The...

Infosys and Wipro Shares Drop After Mixed Q2 Results Despite Profit Gains
Oct 17, 2025 06:30 am UTC| Business Technology
Shares of Indias leading IT giants Infosys (NSE: INFY) and Wipro (NSE: WIPR) declined on Friday following quarterly results that failed to fully satisfy investor expectations, despite notable growth in profits and...

U.S. Automakers Warn of Production Risks Amid Chip Dispute Between China and Netherlands
Oct 17, 2025 03:08 am UTC| Business Technology
A major chip supply disruption caused by escalating tensions between China and the Netherlands is threatening to impact U.S. auto production, industry groups have warned. The issue centers on Nexperia, a Dutch-based...

Meta Nears $30 Billion Financing Deal for Major Louisiana Data Center Expansion
Oct 17, 2025 02:50 am UTC| Business Technology
Meta Platforms Inc. (NASDAQ: META) is reportedly finalizing a massive $30 billion financing deal to develop a new data center in Richland Parish, Louisiana, signaling another bold move in the companys growing investment in...