The current macroeconomic and political global context has put increased pressure on 5G rollouts, slowing expectations for growth in the network security market compared to previous forecasts. ABI Research forecasts the market to continue a steady upward, albeit slowed, trajectory to reach US$9.2 billion by 2026. “The criticality and resulting demand for security in 5G … Read more
Swiss Re AG, Tokio Marine Holdings Inc., AXIS Capital Holdings Ltd. and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its lending in emerging economies. The policy provides payment protection for a portion of loans that the International … Read more
Cyberattacks cost UK businesses approximately £44 billion (US$55.3 billion) in lost revenue over the past five years, according to research published by Howden, the London-based insurance intermediary group. Half of those businesses (52%), or 1.3 million private sector companies, have suffered at least one cyberattack during that time period (2019-2024), costing on average 1.9% of … Read more
The Biden administration has finalised a deal to give Intel nearly US$7.9 billion in federal grants, the largest direct subsidy from a programme to boost domestic semiconductor manufacturing. The agreement for the struggling chipmaker, smaller than an earlier proposed award, means that Intel can begin receiving funds as it hits negotiated benchmarks on projects in … Read more
Beijing is set to spend 33 billion yuan (US$4.6 billion) building a 12-inch wafer fabrication facility, led by state-owned enterprises and funds, marking another step in China’s efforts to boost domestic semiconductor production Leading firms involved in the new facility include Beijing Yandong Microelectronics (YDME), which is listed on Shanghai’s Star Market, and BOE Technology, … Read more
