Governance
Top tech stories today: December 27, 2023
Apple appeals US ban, China gaming firms’ buyback, and more in your essential technology highlights for December 27, 2023.
Headline
Apple appeals US ban, China gaming firms’ buyback, and more in your essential technology highlights for December 27, 2023.
Context
No need to sift through the web for crucial stories – we’ve got you covered. Here are the key global technology highlights for December 27, 2023. Apple appeals U.S. ban on Watch Series 9 and Watch Ultra 2, citing patent infringement on Masimo’s blood oxygen tech. Seeks emergency stay for two weeks while awaiting a decision on redesigned models. Claims irreparable harm if banned models remain off shelves. U.S. Customs to decide on redesigned versions by January 13, 2023. (The Verge)
Evidence
Pending intelligence enrichment.
Analysis
The U.S. upholds the ban on Apple Watch sales due to a patent dispute with Masimo and Cercacor. The ban, effective since December 26, 2023, resulted from Apple infringing on two patents. Apple is appealing, emphasizing disagreement with the exclusion order and aiming to return affected models to U.S. customers promptly. (Nasdaq) Israel grants Intel a $3.2 billion subsidy for its $25 billion chip plant, marking a major investment. The move supports Intel’s global supply chain efforts. Amid tensions, it’s a significant show of support, and Intel commits to buying $16.6 billion from Israeli suppliers. The new facility, Fab 38, opens in 2028, creating thousands of jobs. (Reuters) Apple appeals the ban on watch imports after the Biden administration allows the decision, based on a complaint from Masimo. The tech giant files an emergency request to halt the ban until U.S. Customs decides on redesigned versions, with the customs office set to make a decision on Jan. 12. (Reuters) Smaller Chinese gaming companies unveil share buybacks, seeking to reassure investors post-regulatory concerns. Draft rules proposing bans on certain online game incentives caused share plunges. Buybacks, totaling $110 million, follow a perceived softening in China’s video game regulator’s stance, with recent license approvals viewed positively for the industry’s development. (XM)
Key Points
- 1. Apple appeals US ban on Watch Series 9 and Ultra 2
- 2. Biden administration upholds Apple Watch ban
- 3. Intel gets $3.2B grant for $25B chip plant in Israel
- 4. Apple appeals Watch import ban
- 5. Chinese gaming firms’ buyback plans
Actions
Pending intelligence enrichment.
