Naphjas Inc. |

15 Apr US grants Samsung up to US$6.4 billion in funding to produce advanced chips in Texas

Posted at 13:20h in Asia

“The US Department of Commerce and Samsung Electronics have signed a non-binding preliminary memorandum of terms to provide up to $6.4 billion in direct funding under the Chips and Science Act,” said a statement published by the Commerce Department.A general view of Samsung Electronics’ semiconductor...

11 Apr iPhone maker Foxconn considers rotating CEOs in management reshuffle similar to Huawei, sources say

Posted at 03:25h in Asia

Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters.For companies around the world, the rotating chief executive structure is uncommon, but analysts...

08 Apr Chinese tech giant Lenovo targets US$16 billion in sales of new AI-powered computers, smartphones via e-commerce partner JD.com

Posted at 09:00h in Asia

The two Hong Kong-listed partners are targeting 120 billion yuan (US$16.6 billion) in sales over the 2024-2026 period via JD.com’s online and offline channels, covering Lenovo’s next-generation AI PCs, AI-powered smartphones, tablets and other “AI-oriented infrastructure such as servers”, according to a statement published on...

28 Mar China’s short video and live streaming sector still growing, with more than 15 million hosts, as online shopping fuels demand

Posted at 10:00h in Asia

The CNSA estimated this e-commerce segment was already worth hundreds of billions of dollars on the mainland. The state-run body reports to the National Radio and Television Administration (NRTA), China’s broadcasting regulator. 02:50China’s live-streaming industry heats up as millions of would-be hosts vie to break into...

21 Mar US memory chip maker Micron soars after AI growth boosts revenue forecast

Posted at 07:28h in Asia

Micron Technology, the largest US maker of memory chips, jumped in late trading after giving a surprisingly strong revenue forecast for the current quarter, buoyed by demand for artificial intelligence (AI) hardware.Revenue for its financial third quarter will be US$6.4 billion to US$6.8 billion, Micron...

19 Mar Xiaomi’s sales beat estimates after smartphone recovery and as firm prepares to take on China’s EV market

Posted at 10:32h in Asia

Xiaomi posted better-than-expected revenue growth after the smartphone market showed signs of life during the holiday quarter, spurring hopes of an end to a years-long electronics slump.The Beijing-based firm reported an 11 per cent rise in sales to 73.2 billion yuan (US$10.2 billion) in the...

18 Mar Huawei injects fresh capital into Shenzhen investment subsidiary as US-sanctioned tech giant returns to growth

Posted at 13:30h in Asia

With that infusion, Shenzhen Habo Technology Investment Partners – established in 2021 by Huawei and Habo Investment – last Thursday raised its registered capital to 7.98 billion yuan (US$1.1 billion) from 7 billion yuan previously, according to data from Chinese business registry platform Tianyancha.Huawei did...

11 Mar Apple supplier Luxshare Precision tries to shake off contract manufacturer tag and become a solutions provider

Posted at 11:00h in Asia

Luxshare Precision Industry, a key Apple supplier, is repositioning itself as a solutions provider instead of a contract manufacturer for big brands, according to its chairwoman.Wang Laichun, the 57-year-old low profile founder and chairwoman of Luxshare, said in an interview on the sidelines of China’s...

06 Mar Apple’s China sales plunge by a quarter in first 6 weeks as resurgent Huawei steals the show, according to Counterpoint

Posted at 01:00h in Asia

Apple’s iPhone sales in China fell by nearly a quarter in the first six weeks of 2024 year on year, in the latest sign that the US smartphone giant is losing more ground in the country to a resurgent Huawei Technologies, according to data from...

27 Feb Oppo plans comeback in Europe after smartphone maker settles its patent disputes with Nokia

Posted at 13:00h in Asia

Oppo is planning a concerted comeback in the European market with the Chinese smartphone maker looking to grow further in the region, a month after clearing up legal disputes with Finnish electronics giant Nokia.“Europe has been key to Oppo, and Oppo products will once again...

smartphones Tag