The US Commerce Department has banned US companies from selling components to Chinese telecom equipment maker ZTE for seven years for violating the terms of the economic sanctions imposed on Iran.
The Chinese group pleaded guilty last year to a Texas federal court, for illegally supplying Iran with US technology and goods. He had agreed to pay $ 890 million (€ 718 million) in fines and penalties, an amount that could be increased by $ 300 million.
As part of the deal, the Shenzhen-based equipment maker pledged to fire four employees directly concerned and punish another 35 by cutting their premiums or reprimanding them, Commerce Department officials told Reuters.
However, if it did the four dismissals, the Chinese company admitted in March that it had not sanctioned the other 35 employees involved.
ZTE “provided us with information that essentially acknowledged making false statements,” said a senior official in the Commerce Department. “It was in response to information requested by the United States”.
“We can not trust what they tell us,” said the manager. “And in international trade, the truth is very important.”
ZTE did not respond immediately to a request for comment.
On Wall Street, the announcement of the sanctions drops two important suppliers of ZTE, the manufacturers of optical products Acacia Communications and Oclaro, which respectively lose 34% and 17% around 15:00 GMT.
Acacia, the lowest since its IPO in May 2016, had said in a recent financial report that ZTE accounted for 30% of its turnover 2017.
In its latest quarterly publication, Oclaro described ZTE as a “major customer”, while indicating that it had temporarily stopped delivering products in May 2016 due to restrictions imposed by the Commerce Department.
A five-year federal inquiry revealed last year that ZTE had bypassed the US embargo on Iran by buying US components, incorporating them into its equipment and illegally delivering them to the country.
It is estimated that US companies provide 25 to 30 percent of the components used in ZTE’s equipment, including network equipment and smartphones.
The US government has been investigating ZTE since Reuters reported in 2012 that the Chinese equipment manufacturer had signed US software and product delivery agreements with TCI, Iran’s largest telecom operator, and a subsidiary of the consortium that control, for millions of dollars. (Claude Chendjou for French service, edited by Véronique Tison)
Tesla Self-Driving Chip
To build its own self-driving chips Tesla was announced after their second-quarter income report that Tesla is processing the creation of their own computer chips where Elon Musk revealed last December, this isn’t something new but,
Musk says that the new silicon is faster than the old products that were made by NVIDIA, in which he explained that the old ones are only able to deal with 200 frames per second from the cameras around the car, unlike the new Tesla Chip where will be able to handle about 2,000 frames per second…
Tesla Motors Inc. Tests Self-Driving Technology
This isn’t going to make a big impact on NVIDIA, they say the sales where small and it’s not going to have a material impact.
Tesla says there will be some safety improvements to in Autopilot will come soon, with software V9.0. it will be the beginning of what the company calls it “on-ramp to off-ramp” driving, where the car handles lane changes on the freeway automatically.
Duo Security was bought by Cisco
The 02/Aug/18 – WEBMAINS – Today Cisco Systems said that they wanna go acquiring the specialist of the cybersecurity Duo Security with investment funds about 2.35 billion dollars.
Cisco System has made one of their biggest acquisitions
Duo Platform allows users to verify thier identity through two step identification process,
and its shareholders include Index Ventures, Redpoint Ventures, True Ventures and Workday investment funds.
meanwhile Cisco shares opened Thursday down 0.40% on Wall Street as reuters mentionned.
Hyundai Brings the 2019 Veloster and Veloster Turbo
Hyundai Brings the 2019 Veloster and Veloster Turbo :
The newest Veloster comes with a comprehensive exterior and interior redesign, powertrain enhancements, along with a bevy of new and enhanced infotainment and connectivity attributes. The 2019 Veloster started production in March 2018 in Ulsan, Korea, together with U.S. market accessibility in the next quarter of 2018.
“Our newest 2019 Veloster represents a much more compelling offering for youthful and young-at-heart automotive fans with more expressive design, including dynamics and cutting-edge infotainment features,” said Mike O’Brien, vice president of Product, Corporate and Digital Planning in Hyundai Motor America. “When coupled with Hyundai’s exceptional price and efficacy, the new Veloster is guaranteed to pull a new set of enthusiast buyers”
The Veloster combines the layout appeal of a sports coupe with all the flexibility of an extra passenger side back door in a directional two-plus-one configuration for simpler rear-seat access. In the front, accessible LED headlights and LED Daytime Running Lights flank a stunning new grille design. Functional air curtains include both a visual layout cue along with an active aerodynamic operate. Hyundai’s signature cascade grille contour has morphed to a solid, three-dimensional layout that sets the game coupe apart.
A lot of the redesign is derived from improved proportions and quantity; the brand new shape definitely conveys focused lively performance, even standing still. Its position is much more muscular, with higher-volume fenders and wheel arches for a more implanted look. The cowl stage and A-pillar are additional rearward and currently join the hood line and buckle line into an integrated, strong gesture. Accessible 18-inch metal wheels harshly fill the wheelhouse openings.
What’s more, the roofline was reduced for an exceptional profile and a distinguishing coupe-inspired essence. The fender line can be more coupe-like, along with the back now includes a more competitive integrated diffuser layout. Accessible LED taillights help finish the back view using a high tech look.
Also available is a whole darkened roof cure for a high-contrast performance look. Veloster’s lively rear layout has a distinctive glass hatch plus center-fascia chrome exhaust tips, using one socket for its 2.0-liter version and dual-outlets for Turbo and R-Spec versions.
The interior layout carries through the inside, using a driver-focused interior design and also on the Turbo Ultimate, a contrasting shade surrounding which visually separates the forcing cockpit. Each trim level has specific colors, fabrics, and colors, additional differentiating each version with varying colors and textures.
Besides those new colors and textures, the newest Veloster also provides generous rear cargo capability,
with 19.9 cubic feet of interior volume supporting the 2nd-row seat, greater than Mini Cooper, Mini Clubman, and VW Beetle.
The 2.0-liter motor is coupled with a six-speed manual or even a six-speed electronically-controlled automated transmission.
Further, there’s an over-boost role that increases peak torque output signal to 202 lb.-ft. Under maximum speed. Engine pruning maximizes low- and – mid-range torque, for optimal acceleration under everyday driving requirements.
Veloster Turbo is paired with a typical six-speed manual transmission or a seven-speed double clutch transmission (DCT). For R-Spec manual transmission versions, a B&M Racing® game shifter will likewise be implemented (later accessibility). Both broadcasts were created in-house by Hyundai. The Veloster Turbo seven-speed dual-clutch transmission attributes steering wheel-mounted paddle-shifters and SHIFTRONIC® transmission equipment, controller. Additionally, most Veloster Turbo versions feature Active Engine Sound, which enriches exhaust and intake powertrain sound character within the cottage for a more visceral driving experience, particularly during spirited driving.
All of A/T and DCT versions also provide three selectable driving styles, such as Normal, Sport and Smart, (Regular and Sport on M/T versions), based on driver preferences for motor, transmission and steering feel.
The wise mode changes within the selection of configurations based on the way the car is now being pushed (like in an economic or a more lively manner). For Turbo versions, motorist preference for Growing Engine Sound can also be offered.
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