TechTaffy

tech:

taffy

Huawei To Award $6 Billion OEM Contracts

By TechTaffy Desk

[Techtaffy Newsdesk]

Huawei will award Original Equipment Manufacturer (OEM) contracts totaling $6 billion to California-based communications technology companies Qualcomm, Broadcom and Avago. The three-year OEM contracts will directly and indirectly create over tens of thousands of job opportunities for U.S. business while contributing to growth and development opportunities for California high-tech as well as the ICT industry as a whole, says Huawei.

Since establishing its U.S. operations in 2001, Huawei has partnered with 280 U.S. technology providers, with total procurement contracts exceeding $30 billion. These contracts have covered software, components, chipsets, and services, and its 2011 procurement in this critical region saw an 8% increase year-over-year.

Just in

Around the web

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.
IT

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.
AI

OpenAI introduces new enterprise features

OpenAI announced new features aimed at enterprise users on Tuesday, at the wake of Meta's recent LLama 3 announcement.
Around the web

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.
Industry

Square expands offline payments globally

Payment processing company Square has announced the expansion of its offline payments feature to all hardware devices and countries.