The founder of China’s largest chipmaker SMIC said on Tuesday he was “optimistic” China could catch up with the United States in the next generation of semiconductors but that US efforts to contain its technology sector could not be taken “lightly”. Richard Chang, also the former CEO of Semiconductor Manufacturing International Corp (SMIC), told a
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Disney’s streaming service and media networks held together the spreadsheets as COVID-19 ravaged the company’s financial results. Losses were of course expected in this quarter, though the business seemingly fared better than most would have assumed as Disney share price shot up 10%. Total revenues for the period ending June 27 were $11.779 billion, a
Rakuten Group is a Japanese internet services company that has been dubbed “the Amazon of Japan”. It offers a huge range of services from banking and credit cards to e-commerce, travel and video entertainment, with 1.4 billion “members” worldwide. Why did a retail giant decide to become a mobile operator? Does Rakuten see this as
Sony on Tuesday reported a 1.1 percent decline in first-quarter operating profit, much milder than market estimates as its gaming business thrived while consumers locked down at home looked for entertainment and downloaded more games. The electronics and entertainment firm posted April-June profit of JPY 228.4 billion (roughly Rs. 16,180 crores), versus JPY 230.9 billion
Countries across the globe are spending billions of dollars on ICT infrastructure development but the returns they receive are not always in line with the investments being made. Transformation into digital economies is a goal for many countries but the infrastructure and regulatory environment must be focused on results. ICT policies must therefore be set
Three and Vodafone are both calling for the spectrum auction at the beginning of 2021 to be scrapped, but Ofcom has stated there are no plans to make alterations. With priorities being rearranged during the COVID-19 pandemic and budgets under severe strain as Huawei equipment gets ripped out of the network, Three has joined Vodafone
The gameplay trailer for FIFA 21 will be released Tuesday, publisher EA Sports has announced, (hopefully) giving us our first proper look at new gameplay features from the annual update to the world’s biggest football simulation video game, following a fancy but entirely unnecessary “reveal” trailer a week ago. If you’re keen on watching it
If you ever wanted to prove to customers that you take security seriously, a $450 million investment in one of the worlds’ most recognisable security brands is a good start. Alongside the purchase of a 6.6% stake in ADT, the duo is also announcing a long-term partnership. Google’s Nest products will be combined with ADT’s
BT has reported its financial results for the three-month period to June 30, with the revenues taking a 7% decline due to the impact of the coronavirus. In the consumer business, revenues declined by 7% year-on-year, while the enterprise unit saw a dip of 9%. The wholesale broadband unit Openreach saw growth of 1%, and
The SpaceX Crew Dragon spacecraft shoved off from the International Space Station on Saturday with two US astronauts on board, beginning their journey back to Earth despite a storm threatening Florida. NASA footage showed the capsule drifting slowly away from the ISS in the darkness of space, ending a two month stay for the first
Nokia CEO Rajeev Suri has boasted of improvements to the radio portfolio, as the team bumps up full-year guidance. The last time Suri addressed the market, it was a low point for Nokia. The accountant’s spreadsheets were taking a beating while customers were showing preference for rivals. There was a risk that Nokia would no-longer
Amazon grew revenues by 40% and doubled net profit during the second quarter, while large parts of the world were in lockdown. In the galore of quarterly financial releases, Amazon joined the other tech giants which have been subjected to Congress scrutiny to demonstrate that they are not only resilient in the pandemic crisis, they
Whenever you think of collaborating on a document, Google Docs is the first tool that comes to mind. However, Microsoft Word also lets you collaborate with others on documents. Microsoft Office and Google Docs are leading tools for office work and school or college projects, which is why collaboration is very important. You need document
Prospect of much tighter controls on social media sparks renewed interest in privacy tools. Recep Tayyip Erdoğan, Turkey’s increasingly censorious president, has sparked another rush for VPN services. No, this is not the result of some government campaign to encourage VPN adoption, but a reaction to upcoming legislation that threatens to stamp out basic internet
At a time where the influence of the internet giants is being challenged by the US Government, the champions of Silicon Valley have navigated turbulent times very prosperously. Looking specifically at the six companies who could be considered the heavyweights of the internet economy (Amazon, Apple, Alphabet, Facebook, Netflix and Microsoft), the financials are looking
Xiaomi on Friday announced a partnership with Disney+ Hotstar to provide its Mi TV customers early access to Bollywood movie titles releasing under the ‘Multiplex’ banner. The company will begin the new experience by offering early access to six movie titles, starting with Lootcase. Mi TV users will be able to access the comedy drama
Gaming has been one of the segments poised to profit from societal lockdown, and 20% year-on-year growth at Electronic Arts certainly qualifies. Electronic Arts, the producer of the FIFA and Madden franchises as well as countless other successes, has reported its annual figures with growth few could have imagined at the beginning of 2020. Since
The US Ambassador to Brazil has warned the country would face severe consequences should it allow Huawei to supply equipment to 5G networks. While the focus in recent years has been on European allies, the US has now seemingly turned attention to the LATAM markets. Not content on extinguishing the Huawei presence in Europe alone,