In The Spotlight
Qualcomm launched its annual 4G/5G Summit in Hong Kong on October 17 gathering media and partners from around the world to share updates on 5G progress. At the summit, Qualcomm announced that its subsidiary, Qualcomm Technologies, had successfully achieved a world first 5G data connection on a 5G modem chipset for mobile devices.
Ericsson, PS Solutions Corp. (affiliated with SoftBank Group Corp.), and CKD Corporation, a supplier of actuation products, are collaborating on an update to “e-kakashi”, a platform which applies artificial intelligence (AI) and Internet of Things (IoT) technologies into agricultural processes. First introduced by PS Solutions in 2015, the second-generation “e-kakashi” platform will launch in March 2018.
Samsung Electronics announced that Vice Chairman Oh-Hyun Kwon plans to resign as the company’s head of the Device Solutions Business and will not seek re-election as a member of the Board of Directors and the Chairman of the Board when his term ends in March, 2018. Vice Chairman Kwon will also resign as the Chief Executive Officer of Samsung Display.
PCCW Global, the international operating division of HKT, Hong Kong’s premier telecommunications service provider, and Zhuhai Da Hengqin Science and Technology Development Co., Ltd. (DHQ Tech) will together explore the technological and regulatory viability of promoting multi-currency ‘Tap & Go’ mobile payment in the Greater Bay Area of Zhuhai, Hong Kong and Macau, in order to boost e-commerce, business trade and tourism in the region.
Qualcomm announced that the Taiwan Fair Trade Commission (TFTC) has reached a decision in a TFTC investigation, stating in a press release that certain of the company’s business practices are in violation of Taiwanese competition law and imposing a fine of approximately $23.4 billion Taiwan dollars (approximately $773 million US dollars at current exchange rates).
In 104 countries around the world, more than 80 percent of the youth population is online, according to ITU’s 2017 Facts and Figures report. In developed countries, 94 percent of young people aged 15-24 use the internet compared with 67 percent in developing counties and only 30 percent in least developed countries. Yet, sub-Saharan Africa remains the fastest growing mobile market.
Huawei, Xiaomi, Oppo and Vivo represent an uprising in the smartphone industry. Together, these Chinese OEMs (original equipment manufacturers) accounted for a record 48 percent of global device shipments in Q2 2017, according to Counterpoint Research. Emerging markets represent a gold mine for Chinese OEMs, as they continue to aggressively scale beyond their mainland.
China has relaunched its fleet of high-speed bullet trains after capping speeds in 2011 following two tragic crashes that left 40 people dead. The top speed of the Fuxing or “rejuvenation” trains was capped at 300km/h after the accidents, but will now be increased to top speeds of up to 350km/h.