LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…
The deal is yet to be finalized since it has yet to get clearance from Linxens’s union, and regulatory approval from France and Germany. According to 5 sources with direct knowledge of the matter at hand, Tsinghua Unigroup Ltd, China top state-controlled chip manufacturer has signed a deal with Linxens, a French smart chip components…
Belgian also wants a fourth mobile operator to enter its market. On Tuesday, the Belgian government stated, it plans on auctioning mobile frequencies in late 2019 and wants a fourth mobile operator to enter the country to compete with Orange Belgium, Proximus, and Telenet’s BASE. Belgium is aiming to auction frequency bands in the 900,…
According to officials from the U.S. Department of Homeland Security, the Russian state-sponsored group known as Energetic Bear which also goes by the name of Dragonfly, have claimed “hundreds of victims” in 2017, which include U.S. electric utilities. As per a report from the Wall Street Journal, in 2017 Russian hackers had been able to…
Facebook will create a very strong case for election transparency and provide a never before insight about how social media is used for targeting of voters by publishing comprehensive data about political advertising in the run up to the referendum campaign for abortion in Ireland. Details of the amount spent on targeting Irish voters in…
Although its share prices surged by 3.8% on Monday, they are still down by 40% from their April 2018 levels. On Monday, following the removal of measures from a defense bill by U.S. lawmakers that would have reinstalled sanction on China’s ZTE Corp, shares of the telecommunications equipment maker surged by 3.8% in Hong Kong.…
Days before a gathering of G20 ministers gather for a summit in Argentina, French Finance Minister Bruno Le Maire has warned that a trade war is now a reality. He said that the law of the jungle is the basis of the formulation of the present trade policies of the United States which is imposing…
In order to convince Wall Street that the car rental industry is still relevant, a change to its old “try harder” advertising slogan night be necessary for Avis Budget Group. There is a rising question among investors about car rental because of the rise of cab hailing services. There is therefore a notion that car…
The Chinese facial recognition startup has attracted loads of investor attention so far this year. On Friday, as per a Bloomberg report, SoftBank Group Corp’s Vision Fund intends to invest nearly $1 billion in Chinese facial recognition startup, SenseTime Group Ltd. SoftBank’s Vision Fund and SenseTime are finalizing the terms of the deal and the…
Once the Trump Administration’s $200 billion tariff list, which currently is in the public comment period, comes into play, U.S. consumers are likely to see a price hike in consumer goods that are assembled in China. According to U.S. government’s rulings on tariffs, the latest round of trade tariffs on $200 billion of Chinese imports…
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