Us Tech Industry

Tech sector H-1B workers' spouses can continue to work in US, says judge

The ability of H-1B holders' spouses to also get jobs in the US has been a major attraction for highly skilled foreign workers, the tech companies have argued

First Citizens considering to make an offer to buy collapsed SVB: Report

As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire the collapsed Silicon Valley Bank

Silicon Valley Bank's collapse rattles the disruptors in tech industry

Silicon Valley Bank's collapse rattled the technology industry that had been the bank's backbone, leaving shell-shocked entrepreneurs thankful for the government reprieve that saved their money while they mourned the loss of a place that served as a chummy club of innovation. They were the gold standard, it almost seemed weird if you were in tech and didn't have a Silicon Valley Bank account, said Stefan Kalb, CEO of Seattle startup Shelf Engine, during a Monday interview as he started the process of transferring millions of dollars to other banks. The Biden administration's move guaranteeing all Silicon Valley Bank's deposits above the insured limit of $250,000 per account resulted in a palpable sigh of relief in Israel, where its booming tech sector is connected with an umbilical cord to Silicon Valley, said Jon Medved, founder of the Israeli venture capital crowdfunding platform OurCrowd. But the gratitude for the deposit guarantees that will allow thousands of tech startups to .

Here's how Silicon Valley Bank served the tech industry and beyond

Conceived over a poker game between two of its founders nearly 40 years ago, the firm grew into the single most critical financial institution for the nascent tech scene

SVB's stranded deposits spread the pain from tech to Napa Valley

Silicon Valley Bank, once a darling of the California financial system, fell swiftly on Friday, a day after investors and depositors tried to make $42 billion in withdrawals

Tech Mahindra eyes up to 60% revenue from US in the next four years

Revenue from Americas was 47.9 per cent in fiscal 2021-22, as compared to 47.5 per cent in fiscal 2021

Why Apple's Tim Cook has not cut workforce amid mass layoffs

As every Big Tech company has announced job cuts running into thousands, Apple is yet to do so and may not plan to terminate employees as it never hired at the pace at which other tech giants did

For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse

The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers' collapse

WhatsApp India boss Abhijit Bose, Meta India public policy head quit

This development comes close on the heels of Meta laying off 11,000 employees worldwide, or about 13 per cent of its workforce, as it battles faltering revenue and broader tech industry woes

Alphabet split ends era of jumbo prices for megacaps: Report

The companies billed the moves as a way to make their stocks more accessible for retail investors and that has been achieved

US technology sector sees record job cuts in May amid rising inflation

It is the highest monthly total since December 2020 when tech companies cut as many as 5,253 jobs

Chip shortage: What caused it and how will this impact you & industry?

In this podcast, we discussed why there is a semiconductor shortage and what are its impact

Ferrari turns to technology industry for its electric era leader

Vigna's appointment shows Ferrari's development strategy remains firmly anchored in making cutting-edge, high-end cars in an electric future

Tech played critical role in booming India-US bilateral trade: Nasscom

The Indian tech industry makes significant contributions to the US economy and workforce

Facebook sued for 'predatory' conduct: What it means for social media giant

Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram. Listen to the podcast to know more

US govt, 48 states sue Facebook for abusing power to crush smaller rivals

The US government and 48 states have filed lawsuits against Facebook, accusing it of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors

Top US cybersecurity firm FireEye says it was hacked, likely by a govt

FireEye, one of the largest cybersecurity firms in the US, said it was hacked, likely by a government, and that an arsenal of hacking tools used to test the defenses of its clients had been stolen

US House approves defense policy bill even as Trump threatens to veto

The Democratic-controlled House has approved a wide-ranging defence policy bill, even as Trump renewed his threat to veto the bill unless lawmakers clamp down on social media companies

US elections: Tech firms couldn't stop misinformation, voter intimidation

The impacts of these efforts by the technology firms have been muted, in part due to the prevalence of social bots that spread low-credibility information virally across these platforms.

US elections: Tech firms couldn't stop misinformation, voter intimidation

The impacts of these efforts by the technology firms have been muted, in part due to the prevalence of social bots that spread low-credibility information virally across these platforms.