Foxconn Technology, the world’s biggest contract assembler of consumer electronics and main assembler of Apple products, says it has joined forces with a fellow Taiwanese hardware firm to delve further into electric vehicle production as the global market is set to grow.
The assembler founded by one of Taiwan’s richest people, billionaire Terry Gou, formed a “strategic alliance” with Yageo Group, Foxconn announced last week. The alliance will advance Foxconn’s fledgling electric vehicle business by sharing Yageo’s years of experience in EV components along with its knowhow in 5G technology and semiconductor packaging, the statement says.
“Through the cooperation with Hon Hai Group, we are able to enlarge mutual technological benefits and resource sharing to maximize the value of both groups and see multiple growths in the
In the last three years, the Army has more than tripled its use of other transaction agreements (OTAs) — contracts that circumvent typical acquisition regulations to promote rapid, innovative contracting — as it prototypes and tries to field new technology, according to a new Government Accountability Office study.
In 2017, the Army obligated $1.59 billion in other transactions, which rose to $4.8 in 2019, according to the audit. The vast majority of those OTAs were issued for technology prototypes, the analysis shows.
OTAs are a relatively new method for the Defense Department to make quick purchases. The Army has prioritized use of Other Transaction Authority as it stands up Army Futures Command, which is focused on fielding emerging technology.
But the Army still has a lot to learn about how effective the novel contracts are, the GAO said. The watchdog group
Latin America’s e-commerce industry is booming as millions of shoppers across the region venture online during the pandemic, many for the first time, forcing traditional businesses to adapt to survive.
The sector has been one of the big winners of the coronavirus outbreak as fears of infection and lockdown measures keep people at home.
“Covid-19 has been an accelerator of trends, and in electronic commerce it has been very powerful,” said Oscar Silva, an expert in global strategies with the consultancy firm KPMG in Mexico.
“More than 10 million Latin Americans who had never bought online now do so regularly,” he told AFP.
The dominant regional force is not Amazon or eBay but Mercado Libre, which has a similar business model and is present in 18 countries.
Despite the economic turmoil unleashed by the pandemic, the Argentinian company doubled its sales in the second quarter of this year thanks to
(Bloomberg) — Nikola Corp. wants to put allegations of deception behind it with a push to showcase its own innovations and detail how it plans to get its clean-powered trucks to market.
Executives at the embattled startup are talking to investors to rebut criticism it has no working prototypes and to clarify its business plans after the resignation of founder and former Chairman Trevor Milton. That effort includes highlighting technology with existing or pending patents, explaining the role partners will play and providing better milestones on efforts to start production.
“Our message is the same as it was before,” said Chief Executive Officer Mark Russell in an interview. “We have an ecosystem of partners that have validated what we’re doing. We believe we’re within three years of producing a fuel cell truck and one year of producing a battery-powered truck.”
Nikola executives will also use planned and direct
(Bloomberg) — Millions of kids in the U.S. headed back to school this month and most of them will be spending at least part of their class time remotely, relying on computers, tablets and fast broadband to connect with teachers.
In thousands of schools across the U.S., though, teachers are using a small technology startup to preserve some of the more analog aspects of classwork during the pandemic. Bakpax Inc. makes a mobile app that kids can use to take a picture of homework completed using pencil and paper then upload to get instant grades and feedback. Some 50,000 teachers are using the tool, including in Europe and South Korea.