EU plans massive industry subsidy fund to compete with the US
Two senior EU officials told POLITICO that the union is "in emergency mode". They confirmed that the bloc is preparing to offer massive subsidies to prevent European organizations from being overshadowed by US competitors.
It seems that the US has dealt their supposed EU allies a 'one-two punch... Read more
US is expected to reveal a revamped Privacy Shield next week
Three sources familiar with the matter told POLITICO that the White House is set to issue its long-anticipated executive order on transatlantic data flows next week.
The new Privacy Shield is intended to address European complaints about US surveillance methods, and it may be signed and announc... Read more
Micron announces $15 billion memory chip plant in Idaho
Micron Technology revealed plans to build a new $15 billion memory chip plant in Idaho.
Idaho-based Micron is a leading DRAM and flash memory chips manufacturer. The company's products can be found in anything from data center servers to cell phones. Micron earned $27.7 billion in sales in its f... Read more
EU-US data transfers will soon be legal, new Privacy Shield under way
The United States and European Union agree on a new framework for legal data transfers between the EU and US.
European Commission President Ursula von der Leyen announced that the European Union and United States reached an agreement for legal EU-US data transfers.
The new agreement will be i... Read more
Biden: Next war will probably be sparked by cyber attack on the US
President Joe Biden had some stern comments to make over the recent state-sponsored and criminal ransomware attacks, suggesting that if the US were to be involved in a 'real shooting war,' it would probably be over one of these cyberattacks.
The comments come after the recent REvil ransomware at... Read more
Biden looking at solutions for chip shortages
The Biden administration is looking at ways to solve the increasingly severe shortage of semiconductors. The US government is looking at both short-term and long-term solutions.
In the short term, the focus is on bottlenecks in the chip supply chain, White House spokesperson Jen Psaki told Bloom... Read more
‘TikTok acquisition by Oracle put on back burner’
The acquisition of the social medium TikTok by Oracle seems to have been put on hold for the time being, now that Joe Biden has taken over as US President from Donald Trump. Biden first wants to re-examine the security risks of the app.
According to The Wall Street Journal sources, the US govern... Read more
Xiaomi sues the United States for investment ban
Xiaomi has filed a lawsuit against the American Departments of Defence and Economic Affairs. The smartphone maker considers the investment ban imposed by the US unjustified.
Last month, the United States put Xiaomi on the Entity List. This list includes companies that the US thinks are allied wi... Read more
The many IT challenges Joe Biden will face
As of Wednesday, 20 January 2021, Joe Biden is the new President of the United States. As Biden said in his inauguration speech, he has many problems to tackle. In this modern world, many of those problems are IT-related. What are the challenges facing Biden?
The main issue facing Biden is the t... Read more
Biden administration will keep up China trade war
Gina Raimondo, who is likely to become the next US Secretary of the Economy, has made it clear that she intends to continue the trade war that Trump has started with China.
Raimondo told this to the New York Times. She calls the way China is acting "anti-competitive, hurtful to American workers ... Read more