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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
Google did not disclose who will manufacture the Tensor chip for Pixel, but sources familiar with the matter told Nikkei Asia that Samsung will handle production using its advanced 5-nanometer process technology.
Nikkei Electronics Asia
The UK is considering blocking a takeover of Arm by Nvidia due to potential risks to national security, according to people familiar with the discussions.
Bloomberg
Infineon chief executive Reinhard Ploss on Tuesday supported the idea of Taiwan Semiconductor (TSMC) building a chip fabrication plant in Germany, expressing a clear preference for its technology over that of Intel.
Reuters
Samsung is increasing foundry prices to support more investment in 5nm EUV process technology.
eeNews Europe
Chinese automobile-chip maker stocks tumbled after the government launched a probe into possible price manipulation, putting a brake on share surges buoyed by a global semiconductor shortage that's approaching the 12-month mark.
Bloomberg
The photo removed showcases some new information about next-generation Thunderbolt technology.
Anandtech
Smartphone brand realme on Monday said it will export 'make in India' smartphones to Nepal from the ongoing third quarter, as the fastest-growing company aims to be among the top 2 smartphone brands in the neighbouring country by 2022.
Business Standard
Tata Motors has also established itself as the frontrunner in the EV space, a journey it started 3 years ago, with the R&D support from Jaguar Land Rover. The EV version of its Nexon has helped it to fast- track penetration in the personal EV space, something which the competition has not been able to do successfully.
The U.S.-based manufacturer is planning a vertically integrated thin-film solar module manufacturing facility in India. The factory will likely be built in Tamil Nadu and become operational in the second half of 2023.
PV Magazine
The use of hydrogen power for mobility is an "interesting alternative" for India, especially as it would reduce dependence on lithium imports, the chairman of Maruti Suzuki, said India's top-selling carmaker.
Reuters
The upcoming Punggol Digital District (PDD) project will feature four global firms, as well as SIT's new campus. As for Bosch, the German company has established its regional HQ and innovation hub, Grow.
Human Resources Online
Ola's entry into the online automobile retailing comes at a time when the segment has received increased investor attention.
Inc42
India's smartphone shipments grew 82% on year to reach over 33 million units in first-quarter 2021, according to the latest research from Counterpoint.
Counterpoint
Microsoft posted its most profitable quarter on Tuesday, beating Wall Street expectations for revenue and earnings, as PC sales declines stemming from a global chip shortage were more than made up for by a boom in cloud services.
Reuters
Apple's profits almost doubled in its latest quarter to US$21.7 billion, as iPhone sales surged and anticipated component shortages failed to bite.
The Financial Times
Advanced Micro Devices gave a bullish third-quarter sales forecast, indicating it's gaining market share from Intel in the lucrative market for server chips.
Bloomberg
American electric vehicle maker Tesla may set up manufacturing unit in India if it first succeeds with imported vehicles in the country, according to company CEO Elon Musk. He, however, said at present import duties in India are "the highest in the world" and is hoping for "at least a temporary tariff relief for electric vehicles."
The Economic Times
TSMC is finalizing a decision to put its first chip plant in Japan into operation as early as 2023, Nikkei has learned.
Nikkei Asia
Texas Instruments gave a revenue forecast for the current period that disappointed some investors, raising concerns that a jump in chip demand caused by the pandemic will be short-lived. The stock fell in extended trading.
Bloomberg
The collaboration is part of Airtel's 5G roadmap for India as it transforms its networks to allow its customers to reap the full possibilities of the hyperconnected world where Industry 4.0 to cloud gaming and virtual / augmented reality become an everyday experience
livemint.com
Saankhya's core BRH product, which is already certified by US Federal Communications Commission (FCC), enables convergence of broadcast and mobile broadband networks, allowing digital terrestrial broadcasters to boost their reach and, potentially, market share.
ETTelecom
Samsung Electronics is looking to expand its mobile device manufacturing capabilities in Pakistan. The company has reportedly entered an agreement with Lucky Motor Corporation - a joint venture by Lucky Corp. and Kia Motors - for the purpose of manufacturing phones locally.
SamMobile
Tsinghua Unigroup has been forced into restructuring under China's bankruptcy law, kicking off a process that could pave the way for the introduction of strategic investors like Alibaba.
Caixin
Globalfoundries is sticking with its plan for an initial public offering next year, according to company CEO Tom Caulfield. Reports that Globalfoundries is the subject of a takeover bid by Intel are speculation, he said.
Bloomberg
The company behind Indian mobile-payment app Paytm plans to raise up to US$2.2 billion through one of India's largest-ever initial public offerings, capitalizing on a boom in the country's stock market.
Wall Street Journal
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Company release
Any talks don't appear to include Globalfoundries executives, as a spokeswoman for the company said it isn't in discussions with Intel.
Wall Street Journal
Vietnamese factories serving Samsung and a major Nike and Adidas supplier have suspended operations after detecting cases of coronavirus at their facilities, the country's health ministry said on Wednesday.
Nikkei Asia
Both Conservative and Labour MPs have raised national security concerns because Nexperia is a Chinese-backed firm.
BBC News
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