Softbank’s ARM Holdings cedes control of its business to a consortium of Chinese investors
China is making concerted efforts to bridge the strategic gap, vis-a-vis the U.S, that it currently lacks, in manufacturing semiconductors.
Tesla ‘quite likely’ to meet production deadline for Model 3: Elon Musk
Despite facing manufacturing hell, Elon Musk, Tesla’s CEO, stated he is confident that the company will be able to meet and surmount challenges in the production of the Model 3 and that the company will be profitable in either the third or the fourth quarter of this year. In a significant development that will have…
Toshiba achieves milestone: completes sale of NAND business to Bain Capital led consortium
The completion of the sale was way ahead of the expected time frame of end-March. Chinese antitrust authorities extensively reviewed the deal before providing its approval. On Friday, Japan’s Toshiba Corp stated, it had completed the $18 billion sale of its NAND memory chip unit to a consortium led by U.S. private equity firm Bain…
SenseTime Group valued at $4.5 billion in latest funding round
The development underscores the fact that the Chinese facial recognition company is gaining strategic bulk. SenseTime Group, a Chinese facial recognition technology company, disclosed that it raised $620 million in its latest funding round which saw its valuation touch $4.5 billion. The funding round was led by Fidelity International, Hopu Capital, Silver Lake and Tiger…
Alphabet’s Google launches ‘Files Go’ app in China
Google is ramping up its efforts to gain more strategic size in China, the world’s biggest smartphone market. On Thursday, in a strategic step aimed at increasing its footprint in China, Alphabet Inc’s Google Inc launched a file management tool in several Chinese app stores. The Chinese market, the biggest smartphone market in the world,…
Utility-scale batteries set to be a multi-billion dollars market by 2022
The nenewable energy market in the Asia Pacific region is to boom with utility-scale batteries replacing expensive power grids. In a strategic move, Japan’s JERA, is set to collaborate with a U.S.-German joint venture along with an Australian firm in order to develop battery projects in the Asia-Pacific region. The move targets a market expected…
ZTE Corp’s estimates $3.1 billion loss due to U.S. ban
Given the impetus and the focus that China has laid on ZTE in the ongoing U.S.-China trade negotiations, is probably indicative of the role played by the Chinese firm in its strategic China 2025 policy. China will also need to come of age in the semiconductor industry if it wants to be at par with…
European Commission weighing options to curb import of cheap Chinese e-bikes
The European Bicycle Manufacturers Association (EBMA) has alleged that Chinese e-bike exports are, at times, below the cost of production. On Thursday, the EU official journey stated the European Commission has subjected the import of electric bicycles (e-bikes) from China subject to registration. This is part of a series of investigations launched by the European…
U.S. Administration efforts aimed at mitigating issues arising out of Beijing’s ‘Made in China 2025’
The U.S. Administration is increasingly boosting efforts to tilt, what has so far been so far in recent history, a one-sided affair, of collaboration and forced technology transfer from the U.S. to China. Beijing’s Made in China 2025 industrial policy has opened the administration’s eye to China’s furtive motives of leveraging the dual benefits of…
China’s Guangzhou Automobile Group Co Ltd warns U.S.-China trade war will impacts its entry into U.S market
The Chinese automakers stated if the U.S. were to impose stiff penalties on Chinese vehicle exports, its planned entry into the U.S. market by 2019 will be significantly affected. On Wednesday, China’s Guangzhou Automobile Group Co Ltd stated the brewing trade conflict between China and the United States, especially if stiff tariffs were imposed, its…
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