South Korean chipmaker SK Hynix has submitted a bid for a stake in Toshiba Corp’s memory chip business. Management identified an opportunity to gain an advantage on rivals in what is a booming NAND market and that is the reason behind the attempted acquisition according to sources close to the organization.

Read more: South Korean chipmaker submits bid for stake in Toshiba memory business

Founder and executive chairman of Chinese e-commerce company Alibaba Group Jack Ma. AFP PHOTO

Alibaba Group is extending its operations Down Under by launching a new base in Australia – as the company continues to expand its footprint overseas. The group opened a new office in Melbourne and that will serve to headquarters for its operations in both Australia and New Zealand.

Read more: Chinese e-commerce giant Alibaba Group launches new base in Australia

New Zealand telecommunications provider Spark said it’s planning to fully acquire small carrier TeamTalk in an effort to expand its provision of internet services across the nation, ZDNet reported. The small provider offers mobile radio services and metro fiber services under its brand CityLink and also rural internet services under its brand Farmside.

Read more: New Zealand’s Spark in talks to acquire small carrier to expand internet services

Government officials in India have announced that US tech giants Apple will start building iPhones in the country later this year. It is believed the company’s decision to do so is in order to tap into a booming middle class while sales in China slow. The IT minister for Karnataka confirmed that Apple agreed to assemble its hugely popular iPhones in the southern state, whose capital Bangalore is recognized as India’s technology hub.    

Read more: Apple to begin building iPhones in India later this year

Chinese government policy makers are set to test private funding models in an attempt to find new ways of generating finance and liquidity for its tightly-controlled telecom sector. Traditionally, China’s state-owned operators attracted billions through public listings in New York and Hong Kong while preserving the management and rights of the parents. The policy has been labelled as ‘mixed ownership’ as a means of raising capital.

Read more: Chinese government to test private funding models for Telecom Operators

Thaicom Public Company Limited announced the appointment of satellite veteran Dr. Supoj Chiveeraphan as its Chief Strategy Officer (CSO)

Leading Asian satellite operator Thaicom Public Company Limited announced the appointment of satellite veteran Dr. Supoj Chiveeraphan as its Chief Strategy Officer (CSO) on February 6. Among Dr. Chinveeraphan’s responsibilities will be leading the growth of Thaicom as an Asian brand, inclusive of marketplace strategy, market positioning, partnerships, and operations.

Read more: Satellite operator Thaicom announces new Chief Strategy Officer

Californian iPhone maker Apple has pushed South Korea’s Samsung from its position as the world’s leading smartphone vendor in Q4 2016, according to research firm Strategy Analytics. Apple has a successful fourth quarter, selling an estimated 800,000 units more than Samsung, achieving a total of 78.3 million for Q4, and giving it a 17.8 percent market share compared with Samsung’s 17.7 percent.

Read more: Apple has replaced Samsung as world’s top smartphone vendor, say analysts

More Articles ...