Industry

Industry

The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

intel lawsuit class action shareholder intel foundry

Intel faces shareholder class-action lawsuit for allegedly concealing foundry business problems

Intel execs are accused of making "materially false and misleading" statements
What just happened? Things are going from bad to worse for Intel. In addition to the nightmare that is the Raptor Lake CPU crisis and the backlash over eliminating 15,000 jobs, the company is now being sued by shareholders over accusations it fraudulently concealed problems in its foundry business.
elon musk twitter advertising x

Elon Musk's X sues advertising group over alleged "boycott"

"Now, it is war"
What just happened? Elon Musk's conflict with advertisers took a shocking new turn yesterday when he announced his platform X, formerly Twitter, is suing a group of ad companies, along with individual firms, over an alleged coordinated boycott of the site. The suit claims this broke federal antitrust laws and caused X to lose revenue.
google china doj

Google is officially a monopoly: Company loses massive DOJ antitrust trial over search engine agreements

Google paid over $21 billion in 2021 to make its search engine the default on various devices and browsers
What just happened? The US Department of Justice's nearly year-long case against Google over its dominance in the search engine market has reached a dramatic end. The case could drastically alter how numerous devices and web browsers choose their default search engines, though the full extent of the impending effects remains unclear.
tesla cybertruck battery

Tesla rolls out first-ever Cybertruck with dry cathode battery following years of development

If the gambit pays off, Cybertrucks could eventually become cheaper
In context: Tesla set the stage for this milestone back in 2019 when it pulled the trigger on a major battery tech acquisition. The EV maker scooped up Maxwell Technologies and its promising "dry electrode" coating process, originally developed for supercapacitors. At the time, Tesla was still relying on partnerships with suppliers like Panasonic for cell production. But the Maxwell deal signaled Elon Musk's ambitions to bring that technology fully in-house.