Although its been largely blocked in the United States and Australia, Huawei has reported a surge in shipments to the EMEA region during the first quarter and expects to take the crown of being World No. 1 in sales by the end of 2018. In a significant, Chinese telecom equipment maker Huawei Technologies Co, raised…
A portion of the investment will be raised in China. On Wednesday, Bloomberg reported citing a source, Tesla Inc plans on investing $5 billion for its new plant in China. Tesla plans on raising funds in China for a portion of the investment, said Bloomberg.
SK Hynix, the world’s second biggest memory chip producer, will boost NAND memory chip production by more than 30% in the second half of this year. NAND memory chips are easier to assemble than DRAM chips. On Thursday, South Korean chipmaker SK Hynix Inc posted a record second quarter profit which underpins a continuation in…
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…
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.…
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…
Although much of its core apps, including Google Search, email and appstore have been blocked in China, the launch of Caihua Xiaoge, a drawing game based on its image recognition technology, is aimed at gaining a toehold in the Chinese market. On Wednesday, in a development that underscores Alphabet Inc’s intention to re-enter China’s consumer…
With China’s Didi Chuxing Technology Co, launching its operations in Mexico in April 2018, Uber is under pressure to consolidate and expand its footprint in the remaining 11 Mexican states where regulations are not exactly friendly to ride-hailing services. In a move that marks Uber Technologies’ commitments to Mexico, the ride services firm disclosed it…
Didi Chuxing, which gained prominence in China after it bought Uber’s operation in China, is also diversifying in the food delivery services. According to several sources with direct knowledge of the matter at hand, China’s Didi Chuxing Technology Co Ltd, a ride hailing firm, aims to spin off its car services unit ahead of its…
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