In a move intended to support local supply chains the South Korean government has announced a series of tax breaks, worth nearly $900m, to support chip manufacturers struggling with global shortages.
While profits may be booming at Infineon, and revenues have soared, the company has warned that the on-going chip shortages bedevilling the automotive industry could cut car production by 2.5 million in the first half of 2021.
Pay by palm technology raises security worries News that Amazon in trialling palm-scanning technology at one of its Whole Food stores in Seattle is raising privacy concerns, due to the fact that the technology Amazon is using links a customerâs palm signature with their credit details.
The contactless payment method, known as Amazon One, involves customers enrolling their palms in Amazonâs system to make payments with a palm âsignatureâ which is linked to their credit cards.
The technology works by analysing the bones, creases and other structures beneath the userâs palm, and payments can be made by simply holding their hand over a reader device.
Nvidiaâs Arm deal investigated Last week s news that the UK government had invoked National security to probe Nvidia s Arm deal means that the CMA, which was already investigating the possible effect of the deal on competition in the UK, will also now be considering national security interests
While the âintervention noticeâ issued by the government has raised questions over the $40 billion deal a spokesman for Nvidia said that it didnât âbelieve that this transaction poses any material national-security issues,â and that the company was happy to work with the British authorities.
In fact, Nvidia executives were said to have expected a possible UK national-security review, although the use of this little invoked power may still have come as a surprise.
Siemens and Google Cloud to cooperate on AI-based manufacturing solutions Google Cloud and Siemens are to co-operate in order to optimise factory processes and improve productivity on the shop floor.
According to Siemens, it intends to integrate Google Cloudâs data cloud and artificial intelligence/machine learning (AI/ML) technologies with its factory automation solutions to help manufacturers innovate for the future.
Data is critical for todayâs industrial processes, but many manufacturers continue to use legacy software and multiple systems to analyze plant information, which is resource-intensive and requires frequent manual updates to ensure accuracy. In addition, while AI projects have been deployed by many companies in âislandsâ across the plant floor, manufacturers have struggled to implement AI at scale across their global operations.