Samsung Electronics breaks ground for 6th domestic contract chip manufacturing facility

On Thursday, Samsung Electronics Co Ltd stated, it has broken ground for its sixth domestic contract chip production line which will produce logic chips. The development comes in the wake of Samsung’s efforts to reduce its reliance on the volatile memory chip sector. With this move, Samsung will be taking on bigger rival Taiwan Semiconductor…

Australia framing regulatory code of conduct between media outlets and digital platforms, sees revenue sharings from Facebook and Google

On Monday, Australia’s Treasurer Josh Frydenberg disclosed, Canberra will force online giants including Alphabet Inc’s Google and Facebook Inc to share advertising revenue with local media firms. Australia is set to become one of the firts countries to require digital platforms to pay for content that they use. The development comes in the wake of…

Turkish electric car project to see investment of $3.7 billion

On Friday, Turkey’s official gazette stated, its new domestic electric car project will receive a fixed investment of $3.7 billion (22 billion lira) over a period of 13 years, and will have an annual production capacity of 175,000 vehicles. Its new domestic electric car project, launched on October 30, will receive state support, including tax…

Huawei increases domestic marketshare at the cost of its domestic rivals

Oppo, Vivo, Xiaomi and Apple, together, controlled 50% of the Chinese market. On Wednesday, according to market data released today, China’s Huawei Technologies has increased its footprint in its domestic smartphone market, with shipments rising by 66% in the third quarter. Although the Chinese smartphone market contracted by 3% in the third quarter in comparison…

Vodafone found security vulnerabilities in Huawei equipment in 2011 & 2012

While software vulnerabilities are a common occurrence and Huawei was quick to patch them, what the Chinese telecom equipment maker keeps side stepping is the fact that it cannot avoid being a vehicle for Chinese intelligence since it has to comply to China’s 2017 cybersecurity law. On Tuesday, Europe’s biggest telecom group Vodafone stated, it…

South Korea bans anonymous trade in cryptocurrencies from January 30

South Korea’s regulators are pushing cryptocurrency traders and exchanges to follow Know-Your-Customer (KYC) procedures to curtail money laundering and other crimes. In a significant development surrounding bitcoins and such cryptocurrencies, from January 30, South Korea will ban the use of anonymous bank accounts for trading in cryptocurrencies. The move is designed to bring to bring…