Samsung Electronics to invest 113 trillion won in logic chips upto 2030

Samsung Electronics will investment 11 trillion won annually upto 2030, so as to become the world no.1 in logic chips. On Wednesday, Samsung Electronics stated it would be sinking in $9.57 billion (11 trillion won) annual through 2030 in its logic chip businesses, including its foundry business. The investment by Samsung Electronics, the world leader…

U.S. charges 2 Chinese men of corporate and Intellectual property theft from General Electric Co.

The most significant part of the indictment is that this is the first time that the United States has tied these economic and intellectual property thefts to the Chinese government. In a significant development, as per an indictment unsealed by the U.S. Justice Department, a Chinese businessman as well as a former engineer working at…

China backs hydrogen and fuel cell technologies for a greener future

China’s Ministry of Industry and Information Technology (MIIT) stated, the government will nurture and promote greener technologies, such as hydrogen and fuel cell, for the transportation market. On Tuesday, a Chinese government official stated, China back the development of hydrogen energy and fuel cell vehicle industry as part of a wider effort to promote green…

Wide adoption of EVs will create revenue opportunities for electric utilities: BCG study

The adoption of electric vehicles and plug-in hybrids in the U.S. is likely to be a win-win scenario for carmakers and utilities if the latter were to expand their range of services and increase their revenue streams. As per the results of a study released on Tuesday, an increase in demand for electric vehicles in…

Huawei launches world’s first 5G communication hardware for automobiles

Huawei’s modile, based on its Balong 5000 5G chip, is aimed at establishing itself as a key supplier for parts for the upcoming connected car industry. On Monday, in a development that further underscores China’s ambition to position Huawei Technologies as a vehicle to further its global ambitions, the embattled tech giant stated, it has…