After Months of Setbacks, Foxconn Strikes Deal to Buy Sharp

Foxconn, the Taiwan-based factory operator best known for assembling Apple’s iPhones, is acquiring two-thirds of Japanese electronics manufacturer Sharp, which supplies phone screens to Apple. The $3.5 billion deal, which follows a slew of public negotiations, rumors and setbacks, could provide Foxconn with leverage to make it a more attractive Apple partner. However, some analysts suggest that the acquisition will hand Foxconn an ailing and costly business. Foxconn is facing rising labor costs in China and a global slowdown in smartphones, while Apple diversifies its supply chain. Continue reading After Months of Setbacks, Foxconn Strikes Deal to Buy Sharp

California Legislation Could Have Impact on Drone Deliveries

As numerous startups introduce drones for recreational and commercial use, and tech giants including Amazon and Google plan delivery projects based on UAVs, concerns have emerged regarding various safety, privacy and security issues. Now policy groups tied to tech firms are working to block new legislation in California that could impact the deployment and use of drones. Senate Bill 142, which passed the California Assembly on Monday, restricts operation of UAVs under 350 feet above properties without permission of the property owners. Continue reading California Legislation Could Have Impact on Drone Deliveries

E3 2014: Oculus Rift and Project Morpheus Lead VR Revolution

Two virtual reality headsets are generating the most attention at the E3 confab in Los Angeles this week — Facebook’s Oculus Rift and Sony’s Project Morpheus. Both are expected to launch commercially during 2015, and may represent a significant business opportunity for producers of immersive entertainment. In addition to the gaming community, Hollywood is expressing strong interest. In fact, many media producers see VR as the next big revolution in entertainment. Continue reading E3 2014: Oculus Rift and Project Morpheus Lead VR Revolution

California Senate Passes Amended Smartphone Kill-Switch Bill

Weeks after the California Senate voted down legislation that would require anti-theft tech in all new smartphones, it has now passed a revised version of the bill after Apple and Microsoft withdrew their opposition. While the legislation is applauded by law enforcement groups, it is still opposed by some wireless carriers, and could face an uphill battle in the state Assembly. If passed, kill-switch technology would be required for phones sold in California that are manufactured after July 1, 2015. Continue reading California Senate Passes Amended Smartphone Kill-Switch Bill