Around the web
8 Jun 20205 Jun 20204 Jun 20203 Jun 20202 Jun 20201 Jun 2020
Bank claims that it will face reprisals in China if Huawei is banned from the UK's 5G network
The Telegraph
Official statistics suggest the unemployment rate has barely ticked up since the start of the pandemic, but the data fail to account for large parts of the population
Wall Street Journal
Middle east fund joins roster of marquee investors
Finacial Times
Overseas shipments in May fell 3.3% from a year earlier, after a surprising 3.5% gain in April, customs data showed on Sunday.
CNBC
U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
Reuters
Adios LGA2066
Tom's Hardware Guide
Broadcom on Thursday forecast current-quarter revenue with a midpoint slightly below analysts' estimates, in part caused by a delay at a "large North American mobile phone" customer that analysts believe is Apple.
Reuters
Data center server maker Super Micro Computer Inc is looking to open a new site in the United States to assemble computers, possibly in Oregon, the East Coast or Midwest, Chief Executive Officer Charles Liang told Reuters on Thursday.
Reuters
An IR temperature sensor lets a smartphone do fever screening for COVID-19.
Ars Technica
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world.
Reuters
The plan seeks to eliminate consumer anxiety over range.
engadget
The European Central Bank on Thursday said it would expand its massive bond-buying program to combat the shock from the coronavirus pandemic.
CNN
Taiwan is dangling incentives to attract more than NT$40 billion ($1.3 billion) of annual investments in research and technology, creating a seven-year blueprint to safeguard the island's lead in semiconductors and other cutting-edge fields.
Bloomberg
British officials have discussed supplies of 5G networking equipment with companies in South Korea and Japan as part of a bid to develop alternatives to China's Huawei Technologies Co Ltd, a person with knowledge of the matter told Reuters.
CNBC
The worldwide smartphone market is forecast to decline 11.9% year over year in 2020 with shipments totaling 1.2 billion units.
IDC
Though technically, Intel still has the lead.
Tom's Hardware Guide
Apple is sending a clear message to people who've stolen iPhones from its stores: You're "being tracked."
CNN
Other companies are canceling large conferences
The Verge
SoftBank created a $100 million Opportunity Fund that will invest only in companies led by people of color.
CNBC
Ericsson shares hit a high for the year after the Swedish telecom equipment maker increased its footprint in Canada by winning a 5G contract from Bell Canada, beating out China's Huawei.
Reuters
NetEase is planning a secondary listing for its shares on Hong Kong's stock market next week as scrutiny of Chinese companies on Wall Street intensifies and wider US-China tensions rise.
CNN
The company, best known for big-screen televisions, wants to make a bigger mark in smartphones.
CNET
Volkswagen has closed on its $2.6 billion investment in Argo AI, a Pittsburgh-based autonomous vehicle start-up.
CNBC
India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production.
Reuters
China is using telecoms giant Huawei to try to drive a wedge between Britain and the United States, Republican senator Tom Cotton told British lawmakers on Tuesday.
Reuters
China's largest contract chipmaker, Semiconductor Manufacturing International Corporation (SMIC), has filed for a listing in Shanghai that will raise 20 billion yuan ($2.8 billion).
CNBC
There are even Omen earbuds.
engadget
While LG Electronics is releasing the world's first 48-inch OLED TVs in June, panels for the new TVs will be supplied from LG Display's Chinese plant.
BusinessKorea
Sony has delayed hosting a showcase event for its next games console.
BBC News
And the thinnest 5G phone ever
The Verge
Apple has cut the prices of its latest iPhones in China ahead of a major online shopping festival called 6.18.
CNBC
U.S. manufacturing activity eased off an 11-year low in May, the strongest sign yet that the worst of the economic downturn was behind as businesses reopen, though the recovery from the COVID-19 crisis could take years because of high unemployment.
Reuters
43 inches of rotating screen
The Verge
The American semiconductor industry is gearing up for a lobbying push to obtain billions of dollars in federal funding for factory building and research to keep the U.S. ahead of China and other countries that heavily subsidize their chip industries.
Wall Street Journal
India is making it more attractive for Apple and other mobile phone companies to set up production facilities in the country by adjusting the rules for its PLI scheme, a change that could allow Apple to increase manufacturing in the region.
Apple Insider
Microsoft is to replace dozens of contract journalists on its MSN website and use automated systems to select news stories, US and UK media report.
BBC News
Stores closed out of concern for the safety of employees and customers.
CNET
China's factory activity grew at a slower pace in May but momentum in the services and construction sectors quickened, pointing to an uneven recovery in the world's second-largest economy as businesses emerge from coronavirus-led shutdowns.
Reuters
More than 200 top UK firms and investors are calling on the government to deliver a Covid-19 recovery plan that prioritises the environment.
BBC News
The U.S. economy is beginning to recover from shutdowns tied to the coronavirus pandemic, Bank of America CEO Brian Moynihan told CNBC.
CNBC
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