In The Spotlight
The White House has intervened in a business transaction between a Chinese-backed private equity firm and a US chipmaker. US President Donald Trump has blocked Canyon Bridge Capital Partners planned $1.3 billion acquisition of Lattice Semiconductor Corp. The decision has sent a clear message to Beijing that Washington will vehemently oppose any takeover deals that involve technologies that may have potential military applications. The bid by the Chinese-backed equity company was one of the largest ever attempted on the US microchip sector.
Shenzhen-based telecom vendor ZTE recently launched its Artificial Intelligence (AI) Solution to help operators build next-generation highly-intelligent and cost-effective automated AI networks. From platform, services, network and chip aspects, the solution fully elaborates on future-oriented AI end-to-end architecture, applications, as well as typical scenarios.
British telecom giant BT said it aims to reduce its carbon emissions 87 percent by 2030, setting itself on a path to help limit global warming to 1.5°C by the end of the century. As part of the transition to a low carbon business model, BT had previously set itself a target in 2008 of an 80 percent reduction of its carbon emissions by 2020.
Go Ignite, an alliance of the world’s leading telcos including Orange, Deutsche Telekom, Singtel and Telefonica, announced the winners on Sept. 11 of the second global search for startups that offer the most innovative solutions for three key technologies including Consumer Experience Artificial Intelligence, Connected Homes, and Internet of Things (IoT) Cyber Security.
South Korean smartphone colossus Samsung has announced that its pre-orders for its Galaxy Note 8 have surpassed the highest-ever for the Note Series. Samsung believes its latest premium smartphone which exceeded the pre-orders enjoyed by the Note 7 – will protect the market dominance it currently assumes as it faces a stiff battle with Apple to remain on the top spot.
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.