Around the web
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Xiaomi has announced a pair of smart glasses called Xiaomi Smart Glasses. A company spokesperson tells The Verge that there's no plan to actually put them on sale, but Xiaomi has provided enough detail to make the concept product seem somewhat plausible - at least for some point in the future.
The Verge
South Korea's antitrust regulator has fined Alphabet's Google KRW207 billion (US$176.64 million) for blocking customised versions of its Android operating system (OS), in the US technology giant's second setback in the country in less than a month.
Reuters
Gogoro, a Taiwanese startup that specializes in battery-swapping technology, is in talks to go public through a merger with Poema Global Holdings, a blank-check firm, according to people with knowledge of the matter.
Bloomberg
China's recent regulatory tightening will cause limited damage to the country's long-term economic growth and investment prospects, although financial markets will likely remain volatile in the short term, according to Goldman Sachs.
Bloomberg
China's government on Wednesday summoned gaming firms including Tencent Holdings and NetEase to ensure they implement new rules for the sector.
Reuters
Intel plans to build new chip-making facilities in Europe valued at up to $95 billion, responding to a cross-border race to add manufacturing capacity at a time of a global chip-supply crunch.
Wall Street Journal
Toshiba said it won't be able to meet demand for power-regulating chips for another year and, in certain cases, through the end of 2022, offering a fresh warning for makers of cars, consumer electronics and industrial machines struggling with component shortages.
Bloomberg
Infineon Technologies and Panasonic have signed an agreement for the joint development and production of the second generation of their proven gallium nitride (GaN) technology, offering higher efficiency and power density levels. The outstanding performance and reliability combined with the capability of 8-inch GaN-on-Si wafer production mark Infineon's strategic outreach to the growing demand for GaN power semiconductors.
Company release
The chip shortage that is disrupting global car production could continue into 2022 and even 2023, a leading German car industry figure has said.
BBC News
China will set up a new stock exchange in Beijing, giving the nation's capital and political center more influence in the world of business and finance.
CNN
China's regulatory efforts to increase control over its technology sector adds another "decoupling engine" to the global economy, which could weigh on Chinese growth prospects, the former head of the World Trade Organization said.
Bloomberg
As carmakers gathered in Munich on Monday to launch almost exclusively zero- or low-emission vehicles, an ongoing semiconductor shortage cast a long shadow over the first major car show since before the pandemic began.
Reuters
The city of Taylor, Texas - one of two locations in the state under consideration by Samsung Electronics for a $17 billion chip plant - plans to offer extensive property tax breaks if it is chosen by the South Korean tech giant.
Reuters
The closing of the acquisition of Dialog, following the landmark acquisitions of Intersil and IDT, reinforces Renesas as a premier embedded solution provider.
Company release
Marvell Technology customers have broadly been willing to accept price increases in exchange for steady chip supply, the company's chief executive said on Thursday as it reported better-than-expected quarterly sales.
Reuters
Western Digital is in advanced talks to merge with Japan's Kioxia Holdings, according to people familiar with the matter, in a deal that could be valued at more than US$20 billion and further reorder the global chip industry.
Wall Street Journal
Wistron of Taiwan is partnering with India's Optiemus Electronics to build products such as smartphones and laptops, a boost to Prime Minister Narendra Modi's push to make the country an electronics manufacturing hub.
Reuters
US officials have approved license applications worth hundreds of millions of dollars for China's blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.
Reuters
Jay Y. Lee's get-out-of-jail-free card prepares the next chapter for Samsung Electronics. The early release of the conglomerate's de facto boss from prison ramps up pressure on him to use its huge cash pile to make splashy investments. Samsung's heft will force some creative dealmaking. It's a tricky combination to manage well.
Reuters
The planned 瞿29bn purchase of UK chip designer Arm by US firm Nvidia raises "serious" competition concerns, the UK's competition watchdog has said.
BBC News
Applied Materials, the biggest maker of machinery used to manufacture semiconductors, topped earnings estimates and gave a rosy forecast in the latest sign that the chip boom is going strong.
Bloomberg
Intel Chief Executive Pat Gelsinger is committed to buying other chip-makers as the industry consolidates, despite a leading acquisition candidate's plan to go public.
Wall Street Journal
GlobalFoundries has filed confidentially with US regulators for an initial public offering (IPO) in New York that could value the chipmaker at around US$25 billion, people familiar with the matter said on Wednesday.
Reuters
Chinese tech giant Baidu said on Wednesday it had begun mass-producing second-generation Kunlun artificial intelligence (AI) chips, as it races to become a key player in the chip industry which Beijing is trying to strengthen.
Reuters
Philippines-based renewable energy firm AC Energy Corp. (Acen) and partnered with Indian solar power firms to build a US$220-million solar power project in the country with an installed capacity of 420 megawatts as their initial two solar farms start commercial operations.
ElectronicsB2B
The Department of Space's Semi-Conductor Laboratory (SCL), Mohali, and the Indian Institute of Technology, Bombay (IITB) have collaborated to successfully demonstrate CMOS 180nm-based production-ready 8-bit memory technology, described as a "gamechanger by enabling secure memory and encryption hardware for the country" by top scientists.
Economic Times
Orbic, a home-grown US smartphone manufacturer, has announced it has partnered with Dixon Technologies to manufacture smartphones for Orbic in India at a manufacturing facility in New Delhi. The new Orbic Myra 5G UW, powered by the Snapdragon 750G 5G Mobile Platform, will be the first 5G mmWwave product to be produced in India for export to the US.
PrimeNewswire
Mumbai-headquartered Eruditus Learning Solutions, which offers executive learning programs, has become the sixth Indian startup to bag the unicorn tag this month after securing US$650 million in a Series E funding round led by Accel US and SoftBank Vision Fund II.
Nikkei Asia
Asia's renewed surge in Covid-19 infections is compounding supply-chain blockages across the world's biggest source of manufactured goods.
Bloomberg
SoftBank is holding back on new investments in China while it sees how Beijing's move to tame its technology sector plays out.
Wall Street Journal
The Chinese government has unveiled a five-year plan outlining tighter regulation of much of its economy. It says new rules will be introduced covering areas including national security, technology and monopolies.
BBC News
Toshiba said on Thursday it swung back to profit in the first quarter, as sales of automotive chips and hard disk drives recover from a pandemic-driven slump in demand.
Reuters
Electric vehicle (EV) adoption is gaining traction in the country with more vehicles sold in the first seven months than the whole of 2020. A positive outreach by manufacturers including improved charging infrastructure along with price parity with conventional vehicles on the back of government incentives and falling battery prices are driving demand for EVs, particularly for two- and three-wheelers from logistics and ecommerce players, industry officials said.
Economic Times
There were more than 1.3 million unfilled job openings at restaurants and hotels as of the end of May, double the number a year earlier, according to the Labor Department. For many restaurants, surviving the current labor crunch and resulting wage inflation means using self-service ordering kiosks and other tech tools to automate away some customer-facing jobs and streamline things like online ordering. But entrepreneurs and industry executives also are trying to tackle a bigger, knottier problem: automating the production of food itself.
Wall Street Journal
Tesla released more details about its effort to deploy large-scale battery recycling, and it claims that it can recover about 92% of battery cell materials with its recycling process. When it comes to emissions throughout the entire lifecycle, electric vehicles have two main advantages over gas-powered vehicles.
Electrek
India is considering slashing import duties on electric cars to as low as 40%, two senior government officials told Reuters, days after Tesla Inc's (TSLA.O) appeals for a cut polarised the country's auto industry.
Reuters
SK Hynix plans to turn Intel's NAND memory and storage business into a stand-alone US company that will be owned by the South Korean chipmaker.
CRN
The Southeast Asian tech scene welcomed a new unicorn this week when Singapore-based crypto finance startup Matrixport said on Monday that it has raised USD 100 million in a Series C round, taking its valuation to over USD 1 billion. Founded in 2019, the company offers crypto-related services, including institutional custody, trading, lending, structured products, and asset management to institutional and retail clients.
KrASIA
Tata Motors has enjoyed the most success in the EV segment in India so far thanks to the popularity of the Nexon EV. The company Chairman N Chandrasekaran is aiming to achieve at least 25 percent of its sales from EVs in the medium to long term, compared to the current share of 2 percent.
Car Dekho
Data consumption in rural areas has increased by 400% in the past one year, official data showed, indicating a large appetite for internet connectivity in India's hinterlands. The government's initiative to provide Wi-Fi hotspots and fibre-to-home (FTH) connections in rural areas has also garnered more than 1.3 million Wi-Fi registered users. More than two million household subscribers are set to benefit from high-speed broadband connections by December this year, officials said.
Economic Times
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