Foxconn To Invest $600 Million In Karnataka For iPhone Components
Key Apple iPhone supplier and the world's biggest contract manufacturer Foxconn is set to invest $600 million, or roughly Rs 4,955 crore in India, said a report by news agency Reuters on Wednesday. Taiwan's Foxconn will invest in the Southern Indian state of Karnataka for chip equipment manufacturing and casing components for iPhones. Foxconn's investment is expected to generate roughly 12,000 jobs. Some $350 million, or roughly Rs 2,890 crore will go towards setting up the Apple iPhone component facility, while Foxconn will tie up with Applied Materials in a $250 million, or roughly Rs 2,064 crore project to make chip-making tools, the report added.
OnePlus Open Launch Delayed
OnePlus' maiden foldable smartphone, the purported OnePlus Open has hit a delay in launch, a famed tipster has said. According to leakster Max Jambor, the launch of the OnePlus Open will be delayed due to a "good reason". OnePlus had chosen China's display-making giant Beijing Oriental Electronics or BOE for supplying panels for OnePlus Open, but now, the handset maker is replacing BOE with Samsung-made displays. This means we can expect OnePlus Open's screen to be top-notch.
Meta To Seek User Consent For Targeted Ads In EU
Social networking giant Meta has offered to seek user consent before allowing businesses to target advertising based on their digital activity in the European Union (EU), after mounting pressure from regulators, the media has reported. Meta-owned popular photo-sharing platform Instagram is likely to seek permission before using "your embarrassing dance-video habit" to select the ads you see—provided you live in Europe, a report by The Wall Street Journal has said.
Over A Dozen Realme India Execs Quit To Join Honor
With more than a dozen of its executives leaving, Chinese handset maker Realme may have a tough time in India. According to a report in ET Telecom, the sales heads who have quit Realme have taken their "core team" along with them. The employees who have left the handset maker include top executives who have been "poached" by Realme's former CEO Madhav Sheth who was also the face of the handset maker in India, says a recent report by news agency PTI.
Son Of Steve Jobs Launches VC Firm For Cancer Treatment
Reed Jobs, the son of Apple co-founder late Steve Jobs, has started a new firm named Yosemite that would focus on cancer treatment. The venture capital (VC) firm has completed an initial round of funding and raised $200 million. The firm has raised $200 million from investors and institutions including the venture capitalist John Doerr, Memorial Sloan Kettering Cancer Center, The Rockefeller University and MIT. Yosemite VC firm gets its name from Yosemite National Park where Steve Jobs and Laurene Powell Jobs got married.
Elon Musk Changes TweetDeck’s Name To XPro
After renaming the microblogging site Twitter, the owner of 'X' Elon Musk officially renamed the aggregating platform TweetDeck to XPro on Wednesday. The announcement of the renaming was made by Musk on July 28 through a tweet in which he stated, "Name is changing to XPro. Will come with a wide range of psy op plugins."