Tesla is placing its supply chain in order as it gears up for production at its Shanghai Gigafactory. According to two sources with direct knowledge of the matter at hand, Tesla Inc has signed a preliminary agreement with Tianjin Lishen for supplying batteries for its Shanghai Gigafactory, as it plans to expand its battery sourcing…
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…
Huawei equipment has a price advantage: sourcing from non-Chinese sources is likely to drive up costs. Security comes at a price. In a significant development, China’s Huawei is facing fresh headwinds in Europe following an announcement by Deutsche Telekom that it would review its vendor strategy; Orange has also stated it would not use its…
SoftBank will also source its 5G network equipment from Nokia and Ericsson rather than from Huawei: Nikkei In a significant development, Japan’s Nikkei has reported without citing sources, SoftBank Group Corp plans on replacing 4G network equipment from China’s Huawei Technologies Co Ltd with equivalent hardware from Nokia and Ericsson. Further, for its 5G network,…
SoftBank could make as much as $3 billion from this potential sale. Bloomberg has cited sources familiar with the matter at hand as saying, SoftBank Group Corp plans on selling its stake in Nvidia Corp in early 2019. One of the reasons cited for this plan is the downward tread of Nvidia’s shares. SoftBank is…
The development will have short term consequences for SoftBank given its relation with Huawei; it will find it hard to replace the pre-existing Huawei network equipment that has been customized to its requirements and thus is not easily interchangeable. On Monday, Japan’s Kyodo News News reported, the three biggest telecom operators of Japan, do not…
The amount that is being raised falls short of the $25 billion mark that was raised by Alibaba Group Holding Ltd in its 2014 IPO. As per a regulatory filing, in what is slated as Japan’s biggest-ever IPO, SoftBank Corp has priced its initial public offering (IPO) at 1,500 yen per share; it will be…
This strategic move sees Amazon.com increasing its cooperation with Apple and is probably aimed at boosting its market footprint at the cost of Alphabet’s Google. On Friday, in a move that marks increased collaboration between two tech giants, Amazon.com Inc stated, Apple Music will become available on its Echo smart speakers starting December 17, 2018.…
Following hacker attacks which left crypto exchanges shorter by millions of dollars earlier this year, Japan intends to nurture growth while ensuring strict regulatory compliance for the cryptocurrency industry. On Wednesday, Japanese watchdog Financial Services Agency (FSA) stated, it has given the country’s cryptocurrency industry a self-regulatory status. As a result Japan Virtual Currency Exchange…
Sharp is finally making its long-awaited entry into the advanced display panel market. On Wednesday, Sharp Corp stated, it would place its first OLED smartphone for sale in Japan later this year. The announcement marks its long-awaited entry into the market for advanced panels as it plays catch up with Samsung Electronics. Sharp also aims…
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