Techstrong News Recap – November 14, 2022

Hi again, everyone here the headlines for November 14th. First up. Germany is blocked the sale of a chip factory to the Swedish subsidiary of a Chinese company.

The 85 million dollar sale of the chip factory between German company almost and Silex Microsystems a subsidiary of scimicroelectronics of China has been stopped by the German government. The deal has been gaining scrutiny ever since it was announced back in December of last year. One of Germany's main reasons for preventing the sale was to protect critical production areas.

So it seems like the chancellor of Germany Olof Shoals is taking a different approach to China than his predecessor with plans to create a comprehensive China strategy. While on the topic of semiconductors, Japan is announced that his investing approximately 500 million dollars to improve the country's semiconductor development and production. The new company that will be foreign from this rapidus.

We'll focus on developing Next Generation semiconductors, which will allow for smart gadgets and smart cities. The deal will work closely with the Us and other Japanese companies such as Toyota Sony and SoftBank. Japan is aiming for the mass production of these chips by the late 2020s.

Zooming out Japan has long been a technological Powerhouse but has been falling behind in recent years. And this deal is its plan to put him back up on top. Next in a quick change of events binance has said it was pulling out of the deal to buy its rival FTX trading the deal with struck early last week, but was pending due diligence and after a review Binet said that is several concerns and that the issues were beyond their control to help.

Which caused the price of cryptocurrency as a whole to drop with Bitcoin dropping to its lowest level since November of 2020? And also leaving FTX trading in a very precarious position. Next meta has announced that they are laying off 11,000 people or approximately 13% of its total Workforce.

Meta made the decision to hire aggressively even after the pandemic as it expected rapid growth. However, since then it has to deal with a lackluster economy with reasons being the current economic environment Apple's privacy tools and the rise of tiktok. Medicare prices dropped 71% since the beginning of the year trading at levels last seen since 2015.

This all being said that even with all these layoffs meta expects more Cost Cuts to be rolled out in the next few months. On Security Boulevard, we have an article looking at how lacework announced that it added an attack path analysis tool to its cloud-native application protection platform. Leak's work has said that this new tool will make it easier to understand how cybercriminals combine vulnerabilities with network access to put malware into applications.

com. On container Journal we have an article looking at a study showing optimism for kubernetes emits its many challenges. While kubernetes is an industry standard orchestrator, it teams continuously site challenges when operating it.

This article dives into those challenges facing it teams, but it ends with showing how many are still satisfied with kubernetes. com. com.

We've been article looking at how awkward security is claimed to be the first software supply chain security platform provider to meet the attestation requirements with Biden's executive order. Furthermore Aqua security said it was able to do it with a hundred days of that order. com.

And that's today's text wrong news recap.