Around the web
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General Motors president Mark Reuss has provided more details about GM's next-generation Ultium battery chemistry and announced a joint development agreement with lithium metal battery innovator SolidEnergy Systems.
Company release
Renesas Electronics' top executive warned that a global shortage of auto semiconductors may persist into the second half, joining other industry leaders in bracing for a chip crunch to snarl production of cars and gadgets well past the summer.
Bloomberg
Shares of Marvell Technology Group fell on Wednesday as the designer of 5G networking chips said supplies could remain tight through its fiscal 2022.
Reuters
Apple's custom-designed 5G cellular modem will likely debut in all 2023 iPhone models, according to Barclays analysts Blayne Curtis and Thomas O'Malley. In a supplier-focused research note shared with MacRumors, the analysts said chipmakers Qorvo and Broadcom should be among the companies that benefit from the shift to Apple's in-house solution.
Mac Rumors
The working group will meet twice a year to discuss issues such as intellectual property, trade policy and encryption.
Reuters
Chinese bike-sharing giant Hello has confidentially filed for a US initial public offering, according to people familiar with the matter, joining a wave of technology firms seeking to take advantage of surging valuations to sell shares.
Bloomberg
An investigation into illegal talent poaching by Beijing-based Bitmain Technologies has revived fears Chinese companies will target Taiwan's top engineers as their country works to build a world-class chipmaking industry.
Bloomberg
Apple said it's planning to build a new semiconductor design center in Munich as part of a 1 billion-euro ($1.2 billion) investment push to develop custom chips for 5G mobile and other wireless technologies in Germany.
Bloomberg
Apple is slashing its planned production of the iPhone 12 mini for the first half of this year as part of a broader adjustment to output plans it formulated late last year, Nikkei Asia has learned.
Nikkei Electronics Asia
This rumored chipset, however, might also have other implications beyond cheaper phones. One comment theorized that Huawei might be able to buy this Snapdragon 888, provided it gets an exception.
SlashGear
Apple will no longer sell the iMac Pro after current supplies run out, the company has confirmed.
Ars Technica
In barely 40 years, China has dramatically opened up its economy and become one of the world's primary growth engines. Now, President Xi Jinping is making ambitious plans to pull ahead of rivals by turning his country into a digital powerhouse. But Xi's drive toward tech dominance is being threatened by an unexpected speed bump: China's forceful crackdown on Jack Ma's business empire.
Bloomberg
A military coup in Myanmar and a bloody crackdown on protesters has piled pressure on foreign companies operating in the country. Some firms are scaling back or even pulling operations while those with ties to army-linked firms are being urged to cut them.
Reuters (via Yahoo! Finance)
The European Union wants to produce a fifth of the global output of cutting-edge semiconductors at the end of this decade and make its first quantum computer in five years, as part of efforts to cut its dependence on non-European technologies.
Reuters
Worldwide electronics leader Foxconn Technology Group violated terms of its contract in Wisconsin, while local governments spend hundreds of millions of dollars to prepare for the project, a lawsuit filed by a real estate development company alleges.
Yahoo! Finance
US-listed Chinese electric vehicle (EV) makers Li Auto, Nio and Xpeng plan to list in Hong Kong as soon as this year, tapping a growing investor base closer to home, said people with direct knowledge of the matter.
Reuters
The transfers come as Zoom's shares have nearly tripled in the past 12 months, as the COVID-19 pandemic drove an increasing number of students and professionals to connect online.
Reuters
The Organisation for Economic Cooperation and Development said the world economy is likely to expand by 5.6% in 2021.
BBC News
Apple will manufacture Made-In-India iPhone 12 soon, its latest model launched in India on October 30 last year, a few weeks after the global release. iPhone 12, according to sources in the know, will be manufactured at the Hon Hai Precision Industry (Foxconn) facility in Tamil Nadu - both for the domestic as well as well as the export market.
Business Standard
Luokung Technology, a provider of map software and cloud services, faces removal from the Nasdaq Stock Market from March 15 while another four companies, including phone maker Xiaomi, which trade over the counter in New York have also been blacklisted.
Nikkei Electronics Asia
China's leaders are finalizing their political and economic agenda for the rest of 2021 and beyond. How the country achieves technological independence and tackles the climate crisis will be near the top.
BBC News
The EU body said personal data may have been accessed from its servers. And it had pulled its entire email system offline while it assessed the damage.
BBC News
A sophisticated attack on Microsoft's widely used business email software is morphing into a global cybersecurity crisis, as hackers race to infect as many victims as possible before companies can secure their computer systems. The attack, which Microsoft has said started with a Chinese government-backed hacking group, has so far claimed at least 60,000 known victims globally, according to a former senior US official with knowledge of the investigation.
Washington Post
President Joe Biden's nominee for Commerce secretary, Gina Raimondo, said she knows of "no reason" why Huawei Technologies and other Chinese companies shouldn't remain on a restricted trade list.
Bloomberg
The European Union is planning to produce its own advanced semiconductors by 2030, part of the bloc's plans to reduce "high-risk dependencies" on technology companies in the US and Asia.
Bloomberg
Broadcom shares fell after the company's main chip division reported revenue that just missed Wall Street estimates.
Yahoo! Finance
Shares of Marvell Technology fell on Wednesday as the designer of 5G networking chips said supplies could remain tight through its fiscal 2022.
Reuters (via Yahoo! News)
The US Senate is considering including in a new bill to boost competitiveness against China $30 billion in funding for previously-approved measures to supercharge the country's chipmaking industry, a congressional source said on Thursday.
Reuters
Samsung, NXP Semiconductors and Infineon Technologies were ordered to shut factories in Texas last month after a winter storm killed at least 21 people and left millions of Texans without power.
Reuters
Shares of Micron Technology rose 1.8% in Wednesday morning trading after the company updated its fiscal second-quarter outlook with a more upbeat profit and revenue forecast.
MarketWatch
Globalfoundries will invest US$1.4 billion this year to raise output at three factories in the US, Singapore and Germany, as a global shortage of semiconductors has boosted demand for chips, its chief executive said.
The Star Online
Chinese electric car start-up Nio said Tuesday a shortage in semiconductors and batteries will cut its production capacity in the second quarter to 7,500 vehicles a month, down from 10,000.
CNBC
Volvo Cars set an ambitious goal to only sell battery cars by 2030, accelerating its plans after sales of electric vehicles surged.
Bloomberg
Samsung Electronics' foundry in Austin, Texas, still remains suspended after having been shut down by a power outage on the afternoon of February 16.
BusinessKorea
Goldman Sachs has restarted its cryptocurrency trading desk and will begin dealing bitcoin futures and non-deliverable forwards for clients from next week, a person familiar with the matter said.
Reuters
"Despite our private-sector and university leadership in AI, the US remains unprepared for the coming era... China is a competitor possessing the might, talent and ambition to challenge America's technological leadership, military superiority and its broader position in the world."
The Financial Times
As the US looks to fulfill its semiconductor needs on its own, Arizona is fast emerging as a base for the domestic industry's revival. Already home to large Intel workforces, the state will soon add staff from Taiwan's TSMC, supplier LCY Group, and potentially Samsung, as a slew of industry giants eye sites in the sun-beaten Southwestern state.
Fortune
The video conferencing company expects sales to rise more than 40% this year, reaching more than $3.7bn.
BBC News
China's Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world's largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift.
Reuters
Siemens and ASE are developing a single platform from 2.5D and 3D packaging to fan-out wafer-level packaging (FOWLP) technologies.
eeNews Europe
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