Reddit confidentially submits draft to SEC for a likely public listing

The number of shares for sale and the price range for Reddit’s IPO have not been determined yet.   Following a funding round in August, the company’s valuation currently stands at USD 10 billion. American social news ....

Netflix India cuts subscription plan fees by 60% in expansion efforts

Netflix India has reportedly slashed the rates of all four of its subscription plans in India. The move comes amidst growing competition in the OTT space and to increase the user base in a country where a significant chunk of the population....

Apple on track to become the world’s first USD 3 trillion company

Tech giant Apple Inc. has once again become the world’s most valuable company as it is just a hair's breadth away from a market capitalization of USD 3 trillion. On Monday, the iPhone maker’s shares slid a little over 2% to....

BMW partners with Global Foundries, Inova for hassle-free chip supply

BMW has reportedly signed a direct supply assurance agreement with several chip suppliers, including feature-rich semiconductor producer GlobalFoundries, and high-tech chip developer Inova semiconductors. As the global chip shortage contin....

BYJU’S acquires Austrian EdTech startup GeoGebra for USD 100 million

World’s most valuable EdTech company BYJU’S has reportedly acquired Austria-based startup GeoGebra for USD 100 million. GeoGebra offers dynamic, interactive, and collaborative mathematics learning tools, and boasts of a fast-gr....

FDA approves AstraZeneca treatment for cases reacting badly to vaccines

The U.S. FDA has reportedly issued an emergency use authorization of synthetic AstraZeneca antibodies for the prevention of Covid-19 infections in people who have had a severe reaction to vaccines. This is the first time the U.S. health aut....

Foxconn, Stellantis partner to design flexible chips for auto industry

Multinational automotive giant Stellantis N.V. has reportedly teamed up with iPhone-assembler Foxconn Technology Group to design and sell semiconductors to sustain the needs of the car manufacturer amidst the global chip crisis. Carlos Tav....

Samsung Electronics to unify its mobile, consumer electronics units

Samsung Electronics announced it will merge its mobile and consumer electronics divisions businesses. The South Korean multinational electronics corporation has also elected co-CEOs this year, with the goal of simplifying the organization a....

Vingroup’s automotive arm eyeing to go public in the U.S. by late 2022

Vinfast intends to secure around USD 3 billion, aiming for a post-IPO valuation of at least USD 60 billion. Vingroup’s automotive arm is now planning to expand its operations by establishing a factory in the United States by the en....

Qualcomm introduces G3x Gen1 chip for next-gen handheld gaming devices

Qualcomm Inc. has recently released a new chip that is designed exclusively for gaming-specific handheld devices that provide 5G connectivity. It will be a potential mobile platform for video gamers with extended versatility to play streami....