Month: August 2022

Taiwan’s national security officials want to persuade Apple’s supplier Foxconn to unwind an $800 million (roughly Rs. 6,360 crore) investment in Chinese chipmaker Tsinghua Unigroup, the Financial Times reported on Wednesday. The deal will definitely not go through, the report said, citing a senior Taiwanese government official involved in national security issues. Taiwan, the world’s largest
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Capitalising on grants and credits in new legislation President Joe Biden will sign Tuesday, US semiconductor firm Micron announced plans to invest $40 billion (roughly Rs. 3,18,000 crore) on domestic chip production by the end of the decade. Micron President and CEO Sanjay Mehrotra, who will join Biden at the White House for the signing of
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Lenovo Group, the world’s biggest maker of personal computers, reported flat revenue for the April to June quarter when many Chinese cities were hit by COVID-19 lockdowns, marking its most subdued result in eight quarters. Total revenue during the period was $16.96 billion (roughly Rs. 1,34,800 crore), up 0.2 percent from the same quarter a year ago
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The government is exploring the adoption of a common charger for a variety of devices, including smartphones and tablets, and has called a meeting on August 17 to discuss the issue with the industry, a senior consumer affairs ministry official said on Tuesday. The meeting with mobile makers and sector-specific organisations has been scheduled to
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The heir and de facto leader of Samsung group received a presidential pardon Friday, the latest example of South Korea’s long tradition of freeing business leaders convicted of corruption on economic grounds. Billionaire Lee Jae-yong, who was convicted of bribery and embezzlement in January last year, will be “reinstated” to give him a chance to
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Huawei said on Friday its first-half net profit more than halved as a difficult economy curtailed demand from customers, compounding troubles brought by US technology restrictions. Revenue dropped 5.9 percent year-on-year during the period to CNY 301.6 billion (roughly Rs. 3.6 lakh crore), with a sharper decline during January-March. “While our device business was heavily impacted, our
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Nikon is reportedly bowing out of the single-lens reflex (SLR) camera business and shift its resources toward mirrorless cameras. The Japanese camera maker is purportedly taking this step amid intensifying competition from smartphone cameras. The expanding market and continuously falling prices of mirrorless cameras could also be held responsible for this step. Nikon is reportedly
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Amazon.com’s Ring doorbell unit, which makes videos of the outside of an owner’s home, gave footage to law enforcement without the user’s consent 11 times so far this year, the company said. Amazon said it provided the video under emergency circumstances. Senator Edward Markey, a lawmaker interested in privacy, on Wednesday released a letter from
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Swiss agrochemical major Syngenta on Friday started a ‘drone yatra’ of 10,000 km in India to educate farmers on pesticide spraying using drones across 13 states in the next three months. The company also announced the world’s first biodiversity sensor technology, developed in partnership with IIT Ropar in Punjab and Fraunhofer Institute of Germany to
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