SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. L... More »
SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday. Considering the gravity of manipula... More »
(Reuters) – Billionaire entrepreneur Elon Musk’s neuroscience startup Neuralink on Friday unveiled a pig named Gertrude that has had a coin-sized computer chip in its brain for two months, showing off an early step toward the goal of curing human diseases with... More »
1/WALL STREET WATCHES WASHINGTON U.S. lawmakers negotiating a fresh dose of stimulus have reached an impasse. Trillions of dollars injected by the Federal Reserve and huge government spending increases have stemmed coronavirus-linked economic damage, fuelling ... More »
(Reuters) – Evidence used by the United States to justify the extradition of Huawei Technologies Chief Financial Officer Meng Wanzhou is “unreliable and defective” and should not be considered by a Canadian court, Meng’s lawyers argued in documents released to... More »
SHANGHAI/SHENZHEN, China (Reuters) – Huawei Technologies Co [HWT.UL] will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows. U.S. pressure on Huawei’s ... More »
SINGAPORE (Reuters) – Singapore researchers have developed “electronic skin” capable of recreating a sense of touch, an innovation they hope will allow people with prosthetic limbs to detect objects, as well as feel texture, or even temperature and pain. The d... More »
(Reuters) – Chinese telecom company Huawei Technologies Co has cut its India revenue target for 2020 by up to 50% and is laying off more than half of its staff in the country, the Economic Times reported on Monday, amid calls to boycott Chinese goods. Huawei’s... More »
SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities. Zhang Yiming, founder of ByteDance, the ... More »
TOKYO (Reuters) – Japan is aiming to invite Taiwan Semiconductor Manufacturing Co Ltd (2330.TW) or other global chipmakers to build an advanced chip manufacturing plant jointly with domestic chip equipment suppliers, the Yomiuri daily reported on Sunday. The J... More »
LONDON (Reuters) – Prime Minister Boris Johnson’s government will ban Huawei from Britain’s 5G network by ordering telecoms companies to remove its equipment by 2027, Media Secretary Oliver Dowden said on Tuesday. Operators will not be able to purchase 5G comp... More »
LONDON (Reuters) – Prime Minister Boris Johnson is set to ban Huawei from Britain’s 5G network in a landmark decision that will anger Beijing but win plaudits from President Donald Trump as the United States grapples with China’s rising economic and technologi... More »
LONDON (Reuters) – British minister Oliver Dowden will make a statement to parliament on Huawei some time after 1130 GMT on Tuesday, the opposition Labour Party said on Twitter. Britain is set to ban Huawei from Britain’s 5G network in a landmark decision that... More »
LONDON (Reuters) – Britain will place a “huge priority” on national security when considering Chinese telecoms firm Huawei’s role in the country’s 5G network, justice minister Robert Buckland said on Monday. “National security comes first … and I know that the... More »
SHANGHAI (Reuters) – Smartphone shipments in China fell 16% in June compared with a year earlier, according to government data released on Tuesday. The numbers suggest that handset demand in China remains lukewarm despite the country’s recovery from the corona... More »
NEW DELHI (Reuters) – India’s Reliance Industries said on Sunday Qualcomm Inc’s investment arm will buy a 0.15% stake in its digital unit Jio Platforms for 7.3 billion rupees ($97.1 million). The partnership will help Jio Platforms, the unit that houses Relian... More »
(Reuters) – China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, the Sunday Times newspaper reported on Sunday. The Chinese telecoms equi... More »
LONDON (Reuters) – Britain’s decision to allow China’s Huawei to play a limited role in building its 5G network is not “fixed in stone” and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday. Britain gra... More »
HANOI (Reuters) – Vietnam’s VinSmart, a unit of Vingroup, has produced its first 5G smartphones in cooperation with the U.S.’s Qualcomm, Vingroup said on Monday. The model, Vsmart Aris 5G, is equipped with a Snapdragon 765G 5G module platform and a quantum sec... More »
LONDON (Reuters) – China’s Huawei has clear conditions to meet for Britain to continue to allow its involvement in the development of 5G telecoms infrastructure, Britain’s health minister said on Sunday, after a report that the firm would be banned from the pr... More »
SAN FRANCISCO (Reuters) – Apple Inc (AAPL.O) on Monday will hold its annual conference for software developers, rolling out new features in its operating systems for iPhones and iPads and possibly signaling a departure from Intel Corp’s (INTC.O) almost 15-year... More »
BEIJING (Reuters) – The Chinese Beidou navigation network will be complete this month when its final satellite goes into orbit, giving China greater independence from U.S.-owned GPS and heating up competition in a sector long dominated by the United States. Th... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company’s chairman said on Tuesd... More »
HSINCHU, Taiwan (Reuters) – Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW) is still in talks with the U.S. government about subsidies for its new plant in Arizona, chairman Mark Liu said on Tuesday. “We hope federal and state governments could make... More »
YUYAO, China/SHANGHAI (Reuters) – In the eastern Chinese city of Yuyao, a group of five face-masked workers at a Geely auto plant, stood almost shoulder to shoulder behind an SUV as they conducted paint and other quality checks. That scene would not have been ... More »
SHANGHAI (Reuters) – Smartphone shipments from China’s factories to vendors rose 17% in April compared to the same month a year ago, according to government data released on Tuesday. The numbers suggest an early domestic rebound for smartphone makers such as A... More »
ROME (Reuters) – Russia and China are taking advantage of the coronavirus emergency to put their interests forward in Europe, U.S. Defense Secretary Mark Esper said on Monday, describing Chinese efforts to promote Huawei mobile phone network equipment as malig... More »
TEL AVIV (Reuters) – Chipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for $1 billion, financial news website Calcalist reported on Sunday. Moovit has raised $133 million from investors including Intel, BMW iVentu... More »
SEOUL (Reuters) – South Korean exports plunged nearly 27% in the first 20 days of April as the coronavirus health crisis paralyzed global manufacturing activity and crushed consumer demand. The worst may be yet to come with many of the country’s top trading pa... More »
SEOUL (Reuters) – The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened con... More »
WASHINGTON (Reuters) – President Donald Trump on Thursday opened the door to a radical shift in the U.S. government’s relationship to private industry as the coronavirus outbreak upends the nation’s economy, saying he would back the government taking stakes in... More »
SEOUL (Reuters) – Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year’s annual general meeting (AGM) on March 18, urging shareholders to use it to help curb the spread of coronavirus. Samsung’s AGM is taking... More »
HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for si... More »
BEIJING (Reuters) – Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of “forced labor” in factories across China supplying 83 global brands, an Australian think tank said in a report released on Sunday. The Australian Strategic P... More »
NEW YORK/WASHINGTON (Reuters) – Trump administration officials have rescheduled for March 11 a critical meeting to discuss potential new U.S. restrictions on sales of technology to Huawei and China, people familiar with the matter said. The cabinet-level meeti... More »
KUALA LUMPUR (Reuters) – Malaysia’s own security standards will dictate which companies take part in its planned 5G rollout this year, its communications minister told Reuters on Monday, as the United States pushes countries to exclude China’s Huawei [HWT.UL].... More »
(Reuters) – British nanotechnology company Nanoco said on Monday it has filed a patent infringement lawsuit against Samsung Electronics Co and affiliates in a district court in Texas relating to quantum dots. Nanoco, which produces quantum dots that are used t... More »
(Reuters) – Over two dozen large trade fairs and industry conferences in China and overseas have been postponed due to travel curbs and concerns about the spread of the 2019 coronavirus, potentially disrupting billions of dollars’ worth of deals. In order of s... More »
SINGAPORE (Reuters) – Britain takes U.S. concerns about its use of Huawei equipment seriously but is confident a trade deal with the United States will be among its first after leaving the European Union, its foreign secretary said on Monday. U.S. officials ha... More »
MOSCOW (Reuters) – The UK firm OneWeb launched 34 satellites from Baikonur cosmodrome in Kazakhstan early on Friday as part of its effort to provide global high-speed internet access using satellite communications by 2021. The Russian Soyuz rocket left Baikonu... More »
SHANGHAI (Reuters) – Some technology firms in China have maintained operations to manufacture parts and products despite government calls in various cities and provinces for companies to halt work to help stop the spread of a new coronavirus. Chinese telecom g... More »
NEW DELHI (Reuters) – Taiwan’s Wistron Corp plans to assemble printed circuit boards (PCBs) for iPhones at its new plant in southern India, two sources said, highlighting Apple Inc’s push to expand manufacturing in the world’s second-biggest smartphone market.... More »
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday discussed the security of telecommunications networks with British Prime Minister Boris Johnson, the White House said, as Britain nears a decision on Huawei’s role in the country’s future 5G network.... More »
WASHINGTON (Reuters) – The U.S. Commerce Department has withdrawn a rule aimed at further reducing sales to China’s Huawei Technologies amid concerns from the Defense Department the move would harm U.S. businesses, people familiar with the matter said. The dec... More »
BEIJING (Reuters) – China urged Canada on Monday to release detained Huawei Technologies executive Meng Wanzhou as soon as possible. Foreign ministry spokesman Geng Shuang, who made the comments at a daily briefing on Monday, also said that Canada should corre... More »
SEOUL (Reuters) – Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The South Korean f... More »
PARIS/MUNICH (Reuters) – European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Hu... More »
VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in ... More »
LONDON (Reuters) – A delegation of U.S. officials will arrive in Britain on Monday to try to persuade Britain not to use Huawei equipment in the upgrade of its telecoms network, two people with knowledge of the matter said on Sunday. Britain is expected to mak... More »
SEOUL (Reuters) – South Korea said on Thursday DuPont will invest $28 million in the country to produce advanced photoresists and other materials by 2021, a move that will help reduce its reliance on Japan for the products used in semiconductor manufacturing. ... More »
ROME (Reuters) – Chinese telecoms firm Huawei should be allowed a role in Italy’s future 5G network, the Italian industry minister said on Sunday after an influential parliamentary committee called on Rome to block the company. The United States has lobbied It... More »
SHANGHAI (Reuters) – China’s state-backed semiconductor fund announced plans to reduce holdings in some tech firms, even as foreign investors continued to add exposure to the country’s tech sector. The National Integrated Circuitry Investment Fund, also known ... More »
BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. Still, on Friday, t... More »
SHANGHAI/SHENZHEN, China (Reuters) – Chinese tech giant Huawei Technologies [HWT.UL] plans to equip more of its products with its Harmony operating system (OS) next year, and will promote them at home and abroad, a Huawei spokesman said on Monday. But there ar... More »
SHANGHAI (Reuters) – China on Sunday put into effect new regulations that require Chinese telecom carriers to scan the faces of users registering new mobile phone services, a move the government says is aimed at cracking down on fraud. The rules, first announc... More »
WASHINGTON (Reuters) – The U.S. government may expand its power to stop more foreign shipments of products with U.S. technology to China’s Huawei, amid frustration the company’s blacklisting has failed to cut off supplies to the world’s largest telecoms equipm... More »
SEOUL/TOKYO (Reuters) – South Korea and Japan traded fresh barbs on Monday, just days after agreeing to salvage an important intelligence-sharing pact, highlighting the fragile ties between the former wartime foes and allies of the United States. Officials fro... More »
HALIFAX, Nova Scotia (Reuters) – The U.S. national security adviser urged Canada on Saturday not to use Huawei 5G technology, saying that doing so would put in jeopardy intelligence sharing with the United States and expose Canadians to being profiled by the C... More »
LEIPZIG, Germany (Reuters) – Bidders for German 5G rollout contracts must guarantee the network will be free of foreign state influence, Chancellor Angela Merkel’s Christian Democrats agreed on Saturday, stopping short of singling out China’s Huawei. After a h... More »
WASHINGTON (Reuters) – The Trump administration is set to issue a 90-day extension of a license on Monday allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd [HWT.UL], two sources familiar with the deliberations said. Reu... More »
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung El... More »
(Reuters) – U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly,” in an interview with Bloomberg published on Sunday. Ross said the licenses “will be forthcoming very... More »
BEIJING (Reuters) – The founder of China’s smartphone maker Smartisan Technology has been barred from taking flights and high-speed railway trains due to the company’s failure to comply with court rulings from a contractual dispute, a local court document show... More »
(Reuters) – British Prime Minister Boris Johnson is preparing to grant China’s Huawei technologies Co Ltd access to the UK’s future 5G telecoms network, the Sunday Times reported on Sunday. Senior government and security services sources said the UK is moving ... More »
NEW YORK (Reuters) – Technology companies, which make up the largest swath of the U.S. stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in from many of the sector’s biggest corporations. But below the surface, the es... More »
WUZHEN, China (Reuters) – Chinese smartphone maker Xiaomi Corp plans to launch more than 10 5G phones in 2020, CEO Lei Jun said on Sunday, speaking at the World Internet conference in the eastern Chinese town of Wuzhen. Lei’s remarks come as the company faces ... More »
LONDON (Reuters) – Vodafone is testing innovative open access radio technology in Britain – a first for Europe – in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market. OpenRAN, which has been developed by Vodafone an... More »
DUBAI (Reuters) – United Arab Emirates (UAE) telecoms company du saw no evidence of security concerns about Huawei’s 5G technology, the company’s chief technological officer Saleem Albalooshi told Reuters on Sunday. “Huawei is our partner in rolling out our 5G... More »
HANGZHOU, China/SEOUL (Reuters) – Apple Inc’s (AAPL.O) new, lower priced iPhone that comes with a faster processor but lacks 5G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available. The iPhone 11, launched o... More »
TOKYO (Reuters) – Tech giant Intel Corp said on Wednesday it will use the Tokyo 2020 Olympic Games to show off a portfolio of new technology including artificial intelligence driven 3D tracking of athletes to augment broadcasts of events during the Games. The ... More »
WASHINGTON (Reuters) – The United States and Poland may sign an agreement aimed at securing 5G networks when U.S. Vice President Michael Pence visits Warsaw in the coming days, a senior White House official said on Friday. Pence leaves on Saturday night on a t... More »
STUTTGART, Germany (Reuters) – Automakers around the world are pushing hard for new networks that can charge electric cars fast. In Europe, some power companies and grid operators are testing whether it might be smarter and cheaper to move into the slow lane. ... More »
LONDON (Reuters) – Britain will make a decision on whether to allow China’s Huawei equipment to be used in its 5G networks in the autumn, the digital minister Nicky Morgan said. “We will make the right decision for the UK. I would hope we could do something by... More »
SHANGHAI (Reuters) – Contract chipmaker GlobalFoundries has sued larger rival Taiwan Semiconductor Manufacturing Co (TSMC) for patent infringement, seeking to stop the defendant’s customers including Apple from importing affected products to the United States ... More »
MOSCOW (Reuters) – China’s Huawei has begun talks with Russia about installing Russian operating system (OS) Aurora on 360,000 of its tablets to conduct Russia’s population census next year, two sources told Reuters. Huawei has been seeking alternative operati... More »
(Reuters) – Chip supplier Nvidia Corp on Monday said it was teaming up with VMware Inc and Amazon.com Inc’s cloud division to court large businesses looking to host artificial intelligence programs in Amazon’s cloud. Nvidia got its start with chips to make com... More »
(Reuters) – Microsoft Corp (MSFT.O) said on Monday it will use chipmaker Nvidia Corp’s (NVDA.O) real-time ray tracing technology to provide the software company’s Minecraft video game players more realistic graphics on personal computers. Real-time ray tracing... More »
MORRISTOWN, New Jersey (Reuters) – U.S. President Donald Trump on Sunday said he did not want the United States to do business with China’s Huawei even as the administration weighs whether to extend a grace period for the company. Reuters and other media outle... More »
TOKYO (Reuters) – Japan’s exports slipped for an eighth month in July, while manufacturers’ confidence turned negative for the first time in over six years as China-bound sales slumped again in a fresh sign the Sino-U.S. trade war could tip the economy into re... More »
SINGAPORE/WASHINGTON (Reuters) – The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with t... More »
SEOUL (Reuters) – South Korea said on Monday it plans to drop Japan from its “white list” of countries with fast-track trade status from September, a tit-for-tat move that deepens a diplomatic and trade rift between the two countries. The tighter trade regulat... More »
VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) triggered a bidding war for Osram (OSRn.DE) on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle (CG.O) hav... More »
LAS VEGAS (Reuters) – At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions. Those efforts at... More »
SAO PAULO (Reuters) – Huawei Technologies Co Ltd plans to build an $800 million plant in Brazil’s Sao Paulo state over the next three years, the governor said, as the Chinese tech giant ramps up its Latin American presence against U.S. objections. On a trip to... More »
DONGGUAN, China/HONG KONG (Reuters) – Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as An... More »
TEL AVIV (Reuters) – Israeli chip manufacturer TowerJazz reported a less than expected drop in second quarter profit and said it would invest $100 million to expand production capacity at a plant in Japan to meet growing demand. TowerJazz, which specializes in... More »
MILAN (Reuters) – China’s Huawei Technologies will invest $3.1 billion in Italy over the next three years, the chief executive of the telecoms giant’s Italian unit, Thomas Miao, said on Monday. Speaking at an event in Milan, Miao said Huawei would add 1,000 jo... More »
WASHINGTON (Reuters) – The U.S. may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior U.S. official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company coul... More »
SHANGHAI (Reuters) – China’s Xiaomi Corp (1810.HK) has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the smartphone maker revamps its years-long pursuit of success in semiconductors which it sees as central to driving ... More »
SEOUL (Reuters) – South Korea’s President Moon Jae-in has urged Japan to withdraw export controls on high-tech materials bound for South Korea as a row over forced wartime labor threatened to disrupt global supplies of South Korean memory chips and smartphones... More »
BEIJING (Reuters) – China and the rest of the world must co-exist, Chinese Vice President Wang Qishan said on Monday, in an indirect jab at the United States with which Beijing is currently trying to resolve a bitter trade war. “China’s development can’t shut ... More »
NAIROBI (Reuters) – Ethiopia will award two telecoms licenses to multinational mobile companies, a senior official said on Friday, in the first detailed announcement of the government’s plans for opening one of the world’s last major closed telecom markets. Th... More »
TOKYO/SEOUL (Reuters) – Japan will tighten curbs on exports of high-tech materials used in smartphone displays and chips to South Korea amid a growing dispute over South Koreans forced to work for Japanese firms during World War Two, the industry ministry said... More »
SEOUL (Reuters) – Japan’s decision to tighten curbs on tech material exports to South Korea violates World Trade Organization rules and Seoul would respond firmly, a senior official at South Korea’s trade ministry said on Monday. “This export control measure b... More »
OSAKA (Reuters) – The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing. Chi... More »
WASHINGTON (Reuters) – President Donald Trump’s decision to allow expanded sales of U.S. technology supplies to Chinese telecommunications giant Huawei will only apply to products widely available around the world, and leave the most sensitive equipment off li... More »
TOKYO (Reuters) – Japan plans to tighten restrictions on the export of high-tech material used in smartphones and chips to South Korea from July 4 in connection with a dispute over a South Korean ruling on war-time forced labor, the Sankei newspaper reported o... More »
(Reuters) – U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed and manufactured outside China, the Wall Street Journal reported on Sunday, citing people familiar with the matter. As ... More »
WASHINGTON (Reuters) – The U.S. Commerce Department said on Friday it was adding several Chinese companies and a government-owned institute involved in supercomputing with military applications to its national security “entity list” that bars them from buying ... More »
HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren’s downbeat assessment that the ban will hit reven... More »
