Social media company Facebook Inc will now begin making public financial performance of the augmented and virtual reality labs of the company, the company said on Monday. The company invests billions in its plans for these labs to develop the "metaverse."   The company also said that...

The German auto-making giant Daimler AG expects to stabilize its supply chain for semiconductor chips during this current quarter, said the company’s Chief Executive Ola Kaellenius.   However, the company also anticipates that it would not be until 2023 that the global auto industry will see...

According to reports quoting sources with information, China Evergrande Group has apparently managed to have avoided a default with a last-minute bond coupon payment, giving it another week to deal with a debt crisis hanging over the second-largest economy of the world.   In the future, it...

The United States Food and Drug Administration granted permission to Roche Holding AG for its eye implant used for treating a chronic disease that causes impaired vision. This will now provide patients with an alternative of having to take monthly eye injections under the currently available...

After beating Wall Street forecasts for third-quarter revenue driven by record deliveries, United States based electric car maker Tesla Inc has said that there would be pressure on its margins because of forthcoming plants and supply-chain challenges.   Compared to its competitors, Tesla,...

Carmakers around the world are troubled with the shortage of semiconductor chips and many have already downgraded their targeted production for the current year.   The latest to join the list is the French carmaker Renault.   The global scarcity of semiconductor chips has forced the...

A new processor that it will use for powering its servers in its data centers has been developed by Chinese tech giant Alibaba Group Holding Ltd, the company announced on Tuesday.   This is the latest move by the Chinese firm into the sphere of semiconductors which is in line with what a...

According to a report by Bloomberg News, the estimated value of the "Squid Game," the biggest original online streaming series launched by Netflix Inc, is almost $900 million for the streaming giant.   The valuation estimation was based on figures from an internal Netflix document.  ...

The third-quarter earnings of the Dutch health technology company Philips were severely hit by a severe global shortage of electronic components and a huge recall of the company’s respiratory devices which prompted the firm to lower its forecast for sales and profit growth in 2021 in an...

The Taiwanese electronic giant Foxconn unveiled its first three electric vehicle prototypes on Monday. The event strongly reflected the high ambitions of the tech company to diversify into a sector other than what it is best known for – making producing consumer electronics for Apple Inc. and other...

As its Chinese parent fights to make payments on more than $300 billion in debts, China Evergrande Group's Swedish electric vehicle business unit is in discussions with the United States and European venture capital companies and industrial partners to find a prospective buyer for the Chinese owned...