Three years after the EU's flagship GDPR data protection regulation came into force, confusion over international data transfers following the landmark Schrems II ruling is hampering new technologies and jeopardising the bloc's digital agenda.
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Chips are down as semiconductor shortage causes chaos
The global shortage of semiconductors has thrown entire industries into chaos as companies battle to secure dwindling supplies
9 May 2021 • 9:00am
Evonik Industries, a chemicals company based in Germany’s industrial heartland, is not a household name but, for a short period in 2012, it almost brought the world’s automotive giants to their knees.
An Evonik factory producing an obscure chemical used in cars’ braking and fuel systems was briefly closed after an explosion that killed two workers. Production of the chemical was so concentrated – up to half of the world’s supply came from the plant – that it threatened to curtail manufacturing, leading to crisis meetings in Detroit.
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05/03/2021 10:00 AM EDT
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Washington’s tech industry hasn’t been immune to the pandemic. Companies such as the IT giant DXC and the event-organizing platform Cvent cut jobs amid the slowdown. But some, including the hot cloud-computing company Appian, committed to hundreds of new hires.
Indeed, plenty of other good business news came from Washingtonian’s Tech Titans during the past year. Our 2021 winners who were selected through both reporting and an informal process of nominations from their peers managed to start up new and innovative companies, close on huge funding rounds, ink massive contracts, and announce initial public offerings.
Some of this year’s Tech Titans expanded their companies not only in spite of the pandemic but because of it. Michael Chasen, founder of the “edtech” firm Blackboard, leveraged the demand for at-home education to launch Class, a company that creates virtual classrooms using Zoom. Class has already raised more than $40 million. Blake Hall, founder of ID.me, wh