The U.S. Securities and Exchange Commission has charged Apple’s former vice president of corporate law Gene Levoff with insider trading, according to a lawsuit filed in the U.S. District Court for New Jersey on Wednesday.
The complaint alleges that Levoff had access to Apple’s earnings results before they were publicly announced and used this information to buy Apple shares in advance of better-than-expected earnings results and to sell shares ahead of weaker-than-expected earnings results between 2011 and 2016.
Through his illegal insider trading in 2015-2016, the complaint alleges that Levoff profited and avoided losses of approximately [...]
Apple recently hired a Samsung battery executive as its new global head of battery developments, reports Bloomberg. Soonho Ahn, who previously worked for Samsung SDI, joined Apple in December.
Samsung SDI is a Samsung affiliate company that develops the lithium-on batteries used in smartphones. According to his LinkedIn profile, Ahn was Samsung’s senior vice president of „next-generation batteries and materials innovation.“
Before joining Apple, Ahn spent three years at Samsung leading lithium ion battery cell and pack developments. Prior to that, he worked at Next Generation Batteries R&D and LG Chem, plus he served as a professor in the [...]
Senior Tesla designer Andrew Kim has left his role at the automotive company to join Apple (via The Verge). Kim is the the latest in a long line of Tesla employees who have left the company for Apple, including Tesla lead engineer Doug Field’s return to Apple this past August.
Kim’s work history includes user interface design at Microsoft, contributions to HoloLens and Xbox One S, and designs for Tesla’s Model 3, S, X, and Y. His LinkedIn profile confirms his move to Apple this month, but doesn’t specify what he’ll be doing at the company outside of being a „Designer.“ Due to his history, it could be work on Apple’s rumored [...]
Russia-based cybersecurity company Kaspersky Lab today said that while „hardware supply chain attacks are a reality,“ evidence suggests Bloomberg Businessweek’s report about Chinese intelligence tampering with server motherboards manufactured by Apple’s former supplier Supermicro is „untrue.“
Apple data center Kaspersky Lab said the report „should be taken with a grain of salt“ in its 14-page analysis of the alleged attack, obtained by MacRumors:
The stories published by Bloomberg in October 2018 had a significant impact. For Supermicro, it meant a 40% stock valuation loss. For businesses owning Supermicro hardware, [...]