Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year business outlook on Monday thanks to strong sales of smartphones and servers despite concerns of slowing demand due to rising inflation. Like other global manufacturers, the Taiwanese firm has grappled with a severe shortage of chips, which has hurt smartphone production including for its […]
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The telecommunications industry is not immune from the political tensions and the war of attrition that has been reigning between China and the USA and other European countries for some time now. The emergence of Chinese vendor and original equipment manufacturer Huawei as a serious competitor to other vendors and manufacturers has been a notable […]
A significantly weaker than expected business outlook by memory-chip firm Micron Technology Inc on Thursday raised concern that following nearly two years of strong demand the industry was turning toward a down cycle. Micron forecast adjusted revenue for the current quarter at $7.2 billion, plus or minus $400 million, while Wall Street’s outlook was an […]
Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and “self-regulate” their activities in the market, Chinese state media reported on Thursday. The companies were among 30 firms and institutes that have agreed to the “Digital Collectible Industry Self-Discipline Development Initiative” in which […]
India’s telecom giants are likely to make muted bids at the 5G spectrum auction in July, on worries they stand to lose about 40 percent in potential revenues due to the allotment of some airwaves to enterprises for private networks, industry sources said. Top player Reliance Industries’ Jio and rivals Bharti Airtel and Vodafone Idea […]
Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it seeks new clients to catch far bigger rival TSMC in contract chip manufacturing. Compared with conventional 5-nanometre chips, the newly developed first-gen 3-nanometre process can reduce power consumption by up […]
The Russian invasion of Ukraine has tested the U.S. geopolitical caliber and superiority as a globally renowned powerhouse. With Russia’s condemning intrusion on Ukraine’s sovereign dominion, the U.S. played the field through economic sanctions against Russia to force some influence on Russian President Vladimir Putin. Yet, in March, it appeared that the U.S. decided to […]
The nosedive in cryptocurrency markets has wiped out millions of dollars in funds stolen by North Korean hackers, four digital investigators say, threatening a key source of funding for the sanctions-stricken country and its weapons programmes. North Korea has poured resources into stealing cryptocurrencies in recent years, making it a potent hacking threat and leading […]
Brendan Carr, the FCC commissioner, wrote to Apple and Google on Tuesday and asked them to ban TikTok from their app stores due to its record of sneaky data practices. This follows BuzzFeed News’s revelation last week that employees of TikTok in China had access to the data of users residing in the US up until January. […]
Bahrain is in advanced talks for investment deals with cloud computing companies from the United States, China and the United Arab Emirates, an Economic Development Board executive said, as the country seeks to diversify its oil-based economy. Cloud computing and foreign direct investment are key planks of Bahrain’s economic recovery programme that aims to grow […]