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
The fate of Johnson & Johnson’s latest push to use bankruptcy courts to end thousands of cancer lawsuits tied to its iconic baby powder now hinges on a high-stakes trial in January. After months of wrangling, a federal judge in Houston early next year will decide whether J&J’s bid to quickly settle the claims with … Read more
Cybercriminals have been having a area day by concentrating on cryptocurrency traders based on the FBI, who stated that within the 2023 calendar yr some $5.6 billion price of cryptocurrency was misplaced attributable to fraud. The bureau reported that it obtained some 69,000 cryptocurrency associated complaints on the yr amounting to $5.6 billion price of … Read more