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Chip industry needs at least another year to address global shortage: SEIPI

ABS-CBN News
Updated as of Jun 14 04:57 PM

The Semiconductor and Electronics Industries in the Philippines Foundation Inc said chip manufacturers cut down on equipment production last year in anticipation of lower demand with the onset of the pandemic.    Read more »

Taiwan to quarantine workers to control COVID spike at tech firm

Reuters
Posted at Jun 06 06:15 PM

TAIPEI -- All foreign workers at a plant of major Taiwanese chip packager King Yuan Electronics in Taiwan's northern city of Miaoli will be quarantined as health workers try to stop an outbreak of COVID-19 there, the government said on Sunday. Read more »

Senate Democrat proposes $52 billion for US chips production

David Shepardson, Reuters
Posted at May 19 08:39 AM

US Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation late Tuesday to approve $52 billion to significantly boost US semiconductor chip production and research over five years. Read more »

Huawei launches smart TV with AI voice control

Art Fuentes, ABS-CBN News
Posted at May 06 09:11 PM

Chinese tech giant Huawei eyes making further headway into the Philippine consumer electronics market with the launch this Thursday of its Vision S smart TV.    Read more »

Samsung posts 46.3 percent jump in profit on strong smartphone sales

Agence France-Presse
Posted at Apr 29 09:17 AM

South Korean tech giant Samsung Electronics posted a 46.3 percent rise in first-quarter net profits on Thursday, largely driven by robust sales of its smartphones. Read more »

Samsung heirs to pay billions, donate Picasso works to settle tax bill

Agence France-Presse
Posted at Apr 28 12:55 PM

South Korea has stringent inheritance tax laws and high rates, resulting in a hefty bill for the family, including Samsung Electronics vice chairman Lee Jae-yong, who is currently in jail for bribery, embezzlement and other offences.   Read more »

Samsung boss on trial over 'manipulated' takeover

Claire Lee, Agence France-Presse
Posted at Apr 22 12:19 PM

The jailed de facto leader of the giant Samsung group went on trial Thursday over a stock manipulation case that effectively puts South Korea's system of conglomerate control in the dock. Read more »

As Biden works to fix chips shortage, Intel promises help for hurting automakers

Nandita Bose and Stephen Nellis, Reuters
Posted at Apr 13 08:17 AM

US President Joe Biden met with executives from major companies on Monday to discuss the global chip shortage that has severely hurt US automakers and spurred Intel Corp to announce it plans to make chips for car plants at its factories in the next 6 to 9 months. Read more »

UK fund makes Toshiba buyout offer

Agence France-Presse
Posted at Apr 07 09:21 AM

A British private equity fund has proposed a buyout of Toshiba, the Japanese firm confirmed Wednesday, in a deal reportedly worth about $20 billion.   Read more »

Samsung Electronics forecasts 44.19 percent jump in Q1 operating profit

Agence France-Presse
Posted at Apr 07 08:21 AM

South Korean tech giant Samsung Electronics flagged a 44.19 percent rise in first quarter operating profit Wednesday, largely driven by robust sales of smartphones and the launch of its flagship Galaxy S21 series. Read more »

LG's smartphone exit: who stands to gain?

Subrat Patnaik and Chavi Mehta, Reuters
Updated as of Apr 06 09:06 AM

LG Electronics' move to exit its loss-making mobile business is expected to create more opportunities for Samsung than its other rivals in the lucrative North American smartphone market, analysts said. Read more »

LG becomes first major smartphone brand to withdraw from market

Joyce Lee and Heekyong Yang, Reuters
Posted at Apr 05 12:33 PM

South Korea's LG Electronics Inc said on Monday it will wind down its loss-making mobile division - a move that is set to make it the first major smartphone brand to completely withdraw from the market. Read more »

Xiaomi to invest $10 billion in new electric vehicle unit over 10 years

Reuters
Posted at Mar 30 07:07 PM

Chinese smartphone maker Xiaomi Corp has formally entered the automotive industry with a new smart electric vehicle (EV) business, the company announced on Tuesday in a filing.   Read more »

Pandemic tech: LG launches electronic wearable air purifier in PH

ABS-CBN News
Posted at Mar 25 02:55 PM

The PuriCare Wearable Air Purifier is worn like a mask and uses a pair of replaceable filters similar to those in LG’s range of air purifiers for the home.  Read more »

China's Xiaomi soars as US judge lifts it from backlist

Agence France-Presse
Posted at Mar 15 01:39 PM

Shares in Chinese smartphone maker Xiaomi surged more than 10 percent in Hong Kong on Monday after a US judge removed it from a blacklist that barred American companies from investing in it. Read more »

Globe, PLDT push for safer environment with e-waste disposal, idle cable cleanup drive

ABS-CBN News
Posted at Mar 12 09:45 AM

Telco giants Globe Telecom and PLDT Inc have launched separate programs to collect e-waste and idle cables to promote safe and environment-friendly services. Read more »

A scarf that speaks? Scientists develop message display fabric

Sara Hussein, Agence France-Presse
Posted at Mar 11 04:21 AM

TOKYO - At first glance, the fabric looks like a pretty if not especially original scarf, with turquoise, blue and orange stripes in an open weave. But this fabric can communicate. Read more »

Tech demand drives Asia's factory revival, China's slowdown puts dampener

Leika Kihara, Reuters
Posted at Mar 01 02:03 PM

Solid demand for technology goods drove extended growth in Asia's factories in February, but a slowdown in China underscored the challenges facing the region as it seeks a sustainable recovery from the shattering COVID-19 pandemic blow.   Read more »

Samsung Electronics profit spikes on pandemic-driven demand

Agence France-Presse
Posted at Jan 28 11:34 AM

Samsung Electronics, the world's biggest smartphone and memory chip maker, on Thursday reported a 26-percent rise in fourth-quarter net profits year-on-year, with pandemic-driven working from home boosting demand for devices powered by its chips. Read more »

Tech show offers transport solutions for COVID-changed world

Rob Lever, Agence France-Presse
Posted at Jan 14 02:39 PM

New options on display at the all-digital 2021 Consumer Electronics Show underscore the changes in mobility during the global health crisis, with more personal vehicle use and less emphasis on sharing. Read more »