EdTech Insight – China’s biggest chipmaker SMIC warns of ‘fierce’ competition as it misses quarterly profit expectations

by EdTechMate | May 10, 2024 | CNBC, News & Insights

Executive Summary and Main Points Semiconductor Manufacturing International Corporation (SMIC), China’s largest contract chip manufacturer, is crucial to China’s strategy to reduce dependence on foreign technology. Despite first-quarter earnings falling...

EdTech Insight – House committee asks Microsoft’s Brad Smith to attend hearing on security lapses

by EdTechMate | May 10, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent examination of Microsoft’s security concerns following cyberattacks targeting high-profile U.S. government officials’ email accounts reveals an emerging trend of vulnerability within digital infrastructures of...

EdTech Insight – Tesla accused by NLRB of creating policies to chill workers’ unionizing efforts in Buffalo

by EdTechMate | May 9, 2024 | CNBC, News & Insights

Executive Summary and Main Points At the Milken Institute’s Global Conference, Elon Musk spoke on topics with implications for the technology and education sectors. Meanwhile, Tesla faces pushback from the National Labor Relations Board (NLRB) for allegedly...

EdTech Insight – Apple apologizes for iPad Pro ad showing hydraulic press destroying guitars, piano

by EdTechMate | May 9, 2024 | CNBC, News & Insights

“`html Executive Summary and Main Points In the realm of global higher education dynamics, a noteworthy incident involving tech giant Apple has surfaced, shedding light on both the influence of digital media in education technology trends and the potential...

EdTech Insight – Masimo activist agrees to end proxy fight if company expands board, adds both nominees

by EdTechMate | May 9, 2024 | CNBC, News & Insights

Executive Summary and Main Points In recent developments within the corporate sphere, Masimo, a medical technology company, faced a potential proxy fight with activist investor Politan Capital. Politan pressed for the addition of two new directors to Masimo’s...

EdTech Insight – Roblox shares drop 22% as company cuts annual bookings forecast on muted player spending

by EdTechMate | May 9, 2024 | CNBC, News & Insights

Executive Summary and Main Points The recent updates from Roblox, a leading gaming platform, unveil a shift in the global higher education and gaming industry dynamics. Roblox has revised its annual bookings forecast downward, indicating a drop in consumer spending...