HUB Cyber Security (Israel) Limited (TASE: HUB), a Tel-Aviv based developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company"), announces that it has signed a long-term framework agreement with a leading European corporation to provide Confidential Compute hardware solutions expected to reach 18 million dollars in hardware and recurring services, including approximately 3.6 million dollars that are expected in revenues already in 2022.
Another week of big losses as Wall Street adjusts to a "hard" reality. Tesla broke decisively, but it wasn't alone.
Apple is looking to bump up production outside China, the Wall Street Journal reports, echoing similar pre-pandemic headlines. This time the tech giant is apparently urging its manufacturing partners to consider shifting some production outside of China because of frustrations with the country’s strict covid-19 protocols, which have led to lengthy lockdowns of hundreds of millions of people and travel restrictions. Apple has long relied on China for the vast majority—more than 90%, writes the Journal— of its manufacturing.
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