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EU lawmakers set the plan to crackdown on big tech via Digital Markets Act
European Parliament’s main political parties have agreed to a deal that would apply to companies with a market cap of $91 bn and offer at least one internet service
Australia eyes Indian tech pie, announces plans to open new consulate in Bengaluru
Australian Prime Minister Scott Morrison has announced Australia’s plan to set up the consulate during his virtual address at the Bengaluru Tech Summit
US-Chinese diplomats trade barbs ahead of first virtual summit between Biden and Xi
The virtual meeting of presidents Joe Biden and Xi Jinping comes against a backdrop of rising tensions -- in part over Taiwan.
Amid growing tensions US prez Biden to meet Xi ‘virtually’
The relations between the world’s two largest economies have deteriorated in particular over Taiwan which last month saw a number of air incursions
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Equinix launches Center of Excellence in Bengaluru, plans to hire 500 IT professionals
Equinix, a colocation data center provider, announced the opening of its Global Center of Excellence (GCoE) in Bengaluru.Â
Staring regulatory regime, Big Tech net worth balloons to $10Â trillion
The top five US tech companies collectively now stand at a net worth of about $10 trillion
Paytm set to become biggest-ever IPO with $2.5 billion in kitty
Paytm is backed by Chinese tycoon Jack Ma’s Ant Group, Japan’s SoftBank, and Warren Buffett’s Berkshire Hathaway
Amid crackdown, Chinese tech companies set to see profits slide in July-Sept quarter
In recent times Beijing has reasserted control over its once-freewheeling internet sector and has started punishing well-known names via new regulations
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Apple, Samsung lead US smartphone market with marginal jump of 1% in Q3
In Q3 2021, the US smartphone market increased by 1% year on year (YoY). Despite persistent global component shortages, OEMs such as Apple, Samsung, and Motorola were able to secure sufficient supply.
Riding on soaring demand for chips, Qualcomm beats estimates
Qualcomm forecast higher-than-expected profits and revenue for the current quarter on Wednesday due to rising demand for chips used in phones, cars, and other internet-connected devices.
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