Texas Jury Rules in Favor of Samsung Electronics in $4 Billion Semiconductor Patent Case 2024.02.19 [TheGuru=SoYoung Oh] Samsung Electronics is expected to win its semiconductor patent infringement battle against a US patent giant. It received a verdict from the jury that it did not infringe the patent. According to industry reports on the 19th, a jury in the U.S. District Court for the Western District of Texas ruled on the 15th (local time) that Samsung Electronics did not infringe on Demaray LLC's semiconductor patents. The verdict did not conclude on the validity of the two patents at issue (patent numbers 7544276 and 7381657). With this verdict, Samsung effectively won the first trial. Samsung was sued by Demaray in July 2020. Samsung Electronics America (SEA), Samsung Semiconductor Inc (SSI), and Samsung Austin Semiconductor LLC (SAS), a U.S. semiconductor fab in Austin, Texas, were also named as defendants. Demaray alleged that Samsung had misappropriated two patents related to an oxidation process that coats wafers with a thin film, and sought more than $4 billion in damages for alleged patent infringement. Demaray called Samsung's semiconductor equipment supplier Applied Materials to testify. This was an unsuccessful attempt to prove Samsung's alleged infringement. Demaray is a patent management company (NPE) that makes money by suing companies over patents without making products. It is headquartered in California, USA, and holds more than 60 patents. It has been involved in lawsuits with Intel and Applied Materials...

Cathie Wood Sells Nvidia Stock, Favors AI Software Over Semiconductor Hardware 2024.02.19 Cathie Wood continues to reduce her stake in Nvidia, a semiconductor company at the heart of the artificial intelligence (AI) boom, drawing attention. Cathie Wood, CEO of Ark Invest, appeared on the Wall Street Journal (WSJ) podcast on the 18th (local time) and said, “We have been selling Nvidia for a long time,” adding, “We […]

Fisker Faces Delisting Threat from NYSE as Stock Stays Below $1 2024.02.19 Electric vehicle startup Fisker faces the risk of delisting from the New York Stock Exchange (NYSE). On the 17th (local time), Reuters reported that Fisker had received a delinquency notice from the NYSE because its stock had closed below $1 for 30 consecutive trading days. Fisker stated that this non-compliance notice is the most recent […]

US Witnesses 52% Jump in Battery EV Registrations Last Year 2024.02.19 S&P Global Mobility reports that battery electric vehicle sales in the U.S. increased 23% year-over-year in December 2023, with a market share of 8.8%.

Ford CEO Jim Farley Foresees Intensified Competition Against Chinese Electric Vehicles in 2024 2024.02.19 According to The Detroit News, Ford’s CEO Jim Farley expressed his thoughts on last year’s United Auto Workers (UAW) strike and electric vehicles at the Wolfe Research Global Auto and Auto Tech Conference held in New York on February 15, 2024. He reportedly said the company always took pride in its relationship with the UAW, […]

Korean Aerospace Industries Advances FA-50 Export to Colombia with Sales Promotion Agreement 2024.02.19 The Korean Aerospace Industries (KAI) FA-50 light attack aircraft has taken another step closer to being exported to Colombia. The export competitiveness has been strengthened by signing a sales promotion agreement with Colombia. According to the industry, on the 19th, KAI is expected to win the contract for the Colombian Air Force’s project to replace […]

Hyundai Ioniq 6 Named 2023 CleanTechnica Car of the Year, Beats Competitors 2024.02.17 Beating four competitors, including Mercedes-Benz EQE Hyundai’s exclusive electric sedan model, the Ioniq 6, has won the final champion title at “Best of the Year” conducted by CleanTechnica, a U.S. specialist electric car media outlet. According to CleanTechnica, on the 15th, the Hyundai Ioniq 6 was selected as the “2023 CleanTechnica Car of the Year”. […]

From UC Berkeley to Billionaire: How Masayoshi Son Built His $15.1 Billion Empire 2024.02.17 SoftBank CEO Masayoshi SonUK’s Arm stock price surgeAssets increase by $3.8 billion There is a corporate executive whose assets have soared by 5 trillion won due to the sharp rise in the stock price of Arm, a UK semiconductor design company. Bloomberg reported on the 13th that “With the surge in Arm’s stock price, the […]

Tesla's Big Move: World's Largest Supercharger Station Coming to California 2024.02.17 Tesla plans to construct the world’s largest new Supercharger station. This is an area Tesla is focusing on, along with its continuous investment of billions of dollars in computing performance to support the possibility of operating RoboTaxis in North America by 2024 and AI initiatives. Tesla owns the best charging network, the Supercharger network, and […]

Rivian Rolls Out Budget-Friendly Battery Options for R1T and R1S 2024.02.17 U.S. electric vehicle startup Rivian announced it will provide two new budget-friendly battery options for its R1T electric pickup truck and R1S electric SUV (pictured above). The battery capacities are 106 kWh and 121 kWh, respectively. So far, Rivian has offered two options: a large battery with a capacity of 135 kWh and a max […]

Tesla Loses Crown: BYD Overtakes as Global Electric Vehicle Sales Leader 2024.02.16 On January 3rd, as the New Year began, several media outlets reported Tesla’s fall from the top spot in global electric vehicle sales with headlines like “Tesla Steps Down from No. 1 for Global EV Sales.” According to reports, Tesla’s global sales from October to December 2023 were just over 480,000 units. China’s BYD sold […]

Canadian Choice: Genesis G80 and GV70 Win Big in Electric Vehicle Showdown 2024.02.16 Electrified models of Genesis brand (from now on Genesis) have risen to the top in the Canadian automobile market. Genesis announced on the 16th that the G80 electrified full-size sedan model was selected as the ‘2024 Canadian Electric Car of the Year and the GV70 electrified mid-size SUV model as the 2024 Canadian Electric Utility […]

Hyundai's Santa Fe: The Driving Force Behind Social Media Buzz 2024.02.16 Hyundai Motor Company has created unique social media content based on collaborations with brands like Adobe to market its new Santa Fe model. Thanks to the unique content, which vividly reflects each brand’s characteristics, this achieved better results than traditional advertisements on broadcast and radio legacy media. According to Hyundai Motor America (HMA), on the […]

GM CEO Mary Barra Reveals Strategy to Overcome 2024 Hurdles 2024.02.16 GM's CEO Mary Barra at the Wolff Research Global Auto Conference in New York City on February 15, 2024, where she said this year's challenges include resetting EV production,.

Blackstone Brews Up Investment in Drive-Through Coffee Sensation 2024.02.16 The world’s largest private equity firm, Blackstone, has invested in the drive-thru coffee brand 7 Brew. Blackstone anticipates this investment to accelerate 7 Brew’s business expansion. Blackstone announced on the 14th (local time) that Blackstone Growth and its affiliated funds have made a growth equity investment in 7 Brew, but the exact size of the […]

Crypto Surge: Bitcoin Rockets to $52,000—Is Now the Time to Invest? 2024.02.16 The price of Bitcoin has soared, breaking through $52,000. As of 7:23 PM on the 15th, according to CoinMarketCap, the price of Bitcoin is $52,284.26, up 1.94% from 24 hours ago. It’s also strong in South Korea. Currently, Bitcoin is trading at $53,483.99 on the virtual asset exchange UPbit and has surpassed $53,000 at $53,450.67 […]

Volkswagen Strengthens Technical Development Board in China 2024.02.16 On January 29, 2024, Volkswagen Group announced that it is strengthening its Technical Development Board function in China as part of its “In China, for China” strategy. Thomas Ulbrich (pictured above), a former Member of the Board of Management of the Volkswagen Brand for “New Mobility,” will head up Technical Development for the Group in […]

Airbnb Surpasses Revenue Expectations, Eyes AI-Powered Innovations 2024.02.16 Airbnb, Inc. (ABNB) exceeded revenue expectations for the fourth quarter, but its net loss widened. ABNB’s revenue for the last quarter of last year was $2.22 billion, up 16.6% from the previous year, and adjusted EBITDA increased by 46% to $738 million, surpassing the consensus. The adjusted net income recorded $489 million. However, the net […]

BMW's Cloud Server Slip-Up: Internal Data Exposed in Security Breach 2024.02.16 German car manufacturer BMW’s sensitive internal information stored on a cloud storage server was found to be exposed on the internet. BMW has responded, stating that no personal information was leaked. American IT specialist media TechCrunch reported on the 15th (local time) that BMW’s cloud storage server, built on Microsoft Azure, was exposed on the […]

U.S. West Coast Port Workers Sue Pacific Maritime Association Over COVID-19 Rights 2024.02.16 Western U.S. port workers filed a lawsuit against the Pacific Maritime Association (PMA). They brought a class-action lawsuit citing non-payment of sick leave and discrimination against pregnant employees during the COVID-19 pandemic. According to “The Loadstar,” a U.S. freight and logistics industry specialist publication, on the 15th, the International Longshore and Warehouse Union (ILWU) filed […]

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