For the first quarter of its financial year, Apple plans to reduce the overall production volume to around 40 million to 43 million iPhones. A week after slashing its quarterly sales forecast, Apple stated it will be contracting its planned production for three new iPhone models by around 10% for the first quarter of this…
Along with the launch of its Kunpeng 920 chipset, Huawei has launched servers which will house the Kunpeng 920 chip. Incidentally, Huawei has a long term partnership with Intel. On Monday, in a significant development, China’s Huawei Technologies Co Ltd launched new server chips that is aimed at reducing its imports and reliance on U.S.…
The project is aimed at boost regional connectivity and comes in the wake of a slowdown in the domestic economy. On Tuesday, in a development that boost inter-state connectivity, China’s state planner stated, it has approved a high-speed railway project in Shaanxi, a province in northwestern China. The high-speed railway project has a total investment…
Investors worries include SoftBank Corp’s exposure to Huawei. SoftBank has stated it plans on replacing its Huawei-provided 4G network equipment with those of other suppliers – an expensive and time-consuming affair. In a rare development, shares of Japan’s SoftBank Corp fell by more than 10% on debut as investor appetite for what has been Japan’s…
According to the U.S. National Security Agency, Chinese cyber activity in the United States has risen in recent months with the bulk of these attacks aimed at disrupting critical infrastructure. The Wall Street Journal has reported, Chinese hackers have been able to breach and steal a slew of documents,including missile plans, from U.S. Navy contractors…
The development is likely to make a significant dent in China’s ambition to become a global player in the semiconductor industry. The decision by the United States to cut off U.S. supplies to a Chinese chip-maker underscores growing tensions between the two countries over China’s ambition to become a global player in the computer chip…
This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…
Tesla plans on localizing production in China, to beat trade war related worries, including import duties, for its vehicles. In a strategic development aimed at reducing the prices of Tesla’s vehicles, the luxury carmaker stated, it plans on producing nearly 3,000 Model 3s per week from its Shanghai plant during the initial phase of its…
The consortium, of more than 130 partners, is aimed at developing self-driving car technology for the Chinese market. The European Union’s biggest carmaker, Volkswagen AG, stated it would join China’s Apollo autonomous driving consortium so as to develop self-driving car technology in the world’s biggest car market. In 2017, Baidu created the Apollo consortium to…
The two envisages that by the end of the development and testing process, the vehicles which will reach level 4 technology for autonomous vehicles, will be capable of operating autonomously in certain conditions. On Wednesday, Ford Motor Co and Baidu Inc stated, they have launched a joint venture to test self-driving vehicles on Chinese roads.…
business-gurus.com 