On Friday, China’s Semiconductor Manufacturing International Corp said, it will invest $8.87 billion to build a chip plant in Shanghai. The development underscores Beijing’s efforts to boost its independence in the chip manufacturing sector. The development comes at a time when global chipmakers are struggling to fulfill orders from the electronics and automotive industries triggering new…
On Monday, Vietnam awarded a license to a unit of Taiwan’s Foxconn Technology Co Ltd to build a $270 million plant which will produce tablets and laptops, said the Vietnamese government in a statement. Foxconn’s plant will be developed by Fukang Technology and will be located in the northern province of Bac Giang. It will…
According to sources familiar with the matter at hand, Comcast and Walmart Inc are in collaborative talks to develop and distribute smart TVs. Under the terms of discussion, Walmart will promote TV sets running Comcast software and in return get a share of recurring revenues from Comcast. Comcast is competing with Apple TV+ and Netflix…
On Wednesday, Taiwanese electronics manufacturing giant Foxconn stated, it will partner with U.S. firm Medtronic Plc to manufacture ventilators to help patients afflicted by the Wuhan coronavirus outbreak. Formally known as Hon Hai Precision Industry Co Ltd, Foxconn is best known for assembling Apple’s iPhones at factories in China. Foxconn’s statement, released through the company’s…
In a statement Samsung Electronics said, it will introduce innovative and new devices in San Francisco on February 11. Analysts and consumers widely expect Samsung to unveil its new foldable phone and a new version of its flagship S model as it moves to maintain its lead and consolidate its position in the emerging foldable…
A report prepared by University of Cambridge Centre for Risk Studies, on behalf of the Cyber Risk Management (CyRiM) project, in partnership with Lloyd’s, a cyber insurer. On Wednesday, a report backed by Lloyd’s of London stated, a cyber attack on Asian ports could cost a whopping $110 billion equivalent to half of the total…
The Trump administration is exploring rules that will require all 5G cellular equipment destined for the United States to be designed and manufactured outside of China. According to a report from the Wall Street Journal, U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed…
LG Display’s operating profits have left the forecast of 10 analysts in the dust. For its fourth quarter, Oct-Dec, the Apple supplier reported 279 billion won against its previous year of 44 billion won and against analysts’ forecast of 132 billion won. On Wednesday, LG Display Co Ltd reported a rise of more than six-fold…
Fujian Jinhua Integrated Circuit is a self-proclaimed national leader in China’s tech industry. On Thursday, Fujian Jinhua Integrated Circuit Co Ltd, a Chinese chipmaker pleaded not guilty to U.S. allegations that it stole trade secrets. In October 2018, U.S. authorities added, Fujian Jinhua to the list of entities that cannot purchase components, technology or software…
Analysts covering the sector opine Huawei will have to either reduce its margins or raise prices. Huawei Technology Co’s upcoming launch of a solar-panel control device in the United States is expected to collide with the Trump administration’s new tariffs on Chinese electronics. As a result this is likely to undermine the product that analysts…
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