Shenzhen: Lockdown in China’s Silicon Valley rattles investors

by Beiyi SEOW Its factories tool the world with mobile phones, while some of China’s best tech brains go there to churn out apps and games — but Shenzhen is now in lockdown as the coronavirus inflicts economic pain on the country and rattles markets. Residents in the city of 17.5 million — sometimes dubbed […]

Boeing invests $450M in air taxi venture

Boeing has invested $450 million in Wisk, a Silicon Valley air taxi venture that aspires to develop the first autonomous, all-electric passenger-carrying aircraft certified in the United States, the companies said Monday. Flying electric taxis have been seen as a promising, emissions-free solution to address urban congestion. However, Mountain View, California-based Wisk’s emphasis on autonomy […]

Jerry Liu’s Quintel expands supply chain capabilities, enters Hawaii market

Silicon Valley-based Quintel, a leading antenna solutions provider owned by bilyonaryo Jerry Liu, is expanding into new markets to boost revenue. In a regulatory filing, electronics exporter Cirtek Holdings Philippines Corp. said its wholly owned unit Quintel USA Inc. has penetrated the Hawaii market as part of its growth strategy in in North America. Quintel […]

Elizabeth Holmes: Silicon Valley’s fallen star

by Glenn Chapman with Joshua Melvin in Washington Elizabeth Holmes’s startup Theranos made her a multi-billionaire hailed as the next US tech visionary by age 30, but it all evaporated in a flash of lawsuits, ignominy and, finally, criminal charges. The rise and fall of Holmes, who on Monday was convicted of defrauding investors of […]

Fraud or failure? Final arguments in Theranos US trial

by Glenn CHAPMAN US jurors heard clashing visions Thursday at fallen Silicon Valley star Elizabeth Holmes’s trial, with prosecutors calling her a fraudster in closing arguments and the defense claiming she truly believed in her blood testing startup. Holmes potentially faces years in prison if convicted on allegations she defrauded investors and clients of her […]

Buhay na naman repair shops! Apple to start letting people fix their own iPhones

Apple on Wednesday said it will begin allowing people to fix gadgets they buy from the Silicon Valley giant in a concession seen as a victory for “right-to-repair” advocates. The iPhone and Mac computer maker has long restricted repairs to technicians at “Genius bars” in its shops or at authorized service centers, where device owners […]

Elon Musk says Tesla moving headquarters to Texas

Tesla chief Elon Musk told investors on Thursday that the leading electric vehicle maker is moving its headquarters from Silicon Valley to Texas, where it is building a plant. “I’m excited to announce that we’re moving our headquarters to Austin, Texas,” Musk said at an annual shareholders meeting. “Just to be clear, though, we will […]

Twitter sells app ad platform MoPub for $1B

Twitter said Wednesday it has made a deal to sell app advertising specialty firm MoPub for a little more than a billion dollars in cash. Money from the sale of MoPub to Silicon Valley-based AppLovin Corporation is to be put into building revenue-generating features at Twitter and promoting growth at the one-to-many broadcasting platform. “The […]