Technology News

Exclusive: Tesla says it received battery quotes from China's Lishen but no deal agreed

BEIJING (Reuters) - Tesla Inc (TSLA.O) said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm. “Tesla previously received quotes from Lishen, but did not proceed further. We have not signed any agreement of any kind with them,” a Tesla spokeswoman told Reuters. Reuters earlier on Tuesday repor...

22 Jan 8:41 AM 0 Read More...

China's Lishen says has not signed agreement with Tesla on supplying batteries

BEIJING (Reuters) - China’s Tianjin Lishen said on Tuesday it has not signed any agreement with Tesla Inc (TSLA.O) on supplying batteries to the U.S. electric vehicle maker’s Shanghai factory. Tesla earlier on Tuesday also denied it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new factory in China, saying it had received quotes from the Chinese battery maker but did not proce...

22 Jan 8:40 AM 0 Read More...

Foxconn says there is a need to hire 50,000 people in first-quarter after job cut reports

TAIPEI (Reuters) - Taiwan’s Foxconn (2317.TW), assembler of Apple Inc’s (AAPL.O) iPhones, on Tuesday said it still has a need to hire 50,000 people in the first quarter, amid reports of mass lay-offs across its factories in China. The world’s largest contract manufacturer, formally known as Hon Hai Precision Industry Co Ltd, said in a stock exchange filing that changes in employee numbers were part of its usual...

22 Jan 8:38 AM 0 Read More...

Exclusive: Tesla in talks with China's Lishen over Shanghai battery contract - sources

BEIJING (Reuters) - Tesla Inc (TSLA.O) has signed a preliminary agreement with China’s Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan’s Panasonic (6752.T), two sources with direct knowledge of the matter said. The companies had yet to reach a decision on how large an order the U.S. electric car company would place, and Lishen was still working out what...

22 Jan 4:38 AM 0 Read More...

U.S. to formally seek extradition of Huawei executive Meng Wanzhou: Globe And Mail

(Reuters) - The United States has informed the Canadian government that it plans to proceed with a formal request to extradite Huawei Chief Financial Officer Meng Wanzhou on allegations violation of U.S. sanctions against Iran, the Globe and Mail reported on Monday. However, Canada’s ambassador to the United States David MacNaughton, in an interview, did not say when the formal extradition request will be made but ...

22 Jan 4:13 AM 0 Read More...

China approves third batch of video games; still no Tencent

SHANGHAI/BEIJING (Reuters) - China’s broadcasting regulator on Tuesday approved the release of a third batch of video games after a freeze for most of last year, with industry-leader Tencent Holdings Ltd (0700.HK) still absent from the list of new titles. The State Administration of Press, Publication, Radio, Film and Television approved 93 games in its third list since December. It last approved 84 games earlier t...

22 Jan 3:29 AM 0 Read More...

Logitech raises FY outlook after gaming-powered third quarter

(Reuters) - Logitech International SA raised its full-year profit outlook on Tuesday, after strong growth in its gaming hardware business helped the computer peripheral and mobile speaker maker beat third-quarter expectations. The Swiss-U.S. company got a boost from strong sales of its gaming products such as superfast keyboards, headphones and computer mouse used in multi-player online games like League of Legends a...

22 Jan 3:13 AM 0 Read More...

Logitech's third-quarter profit beats estimates

(Reuters) - Logitech International SA’s third-quarter net income beat expectations on Tuesday as the computer peripheral and mobile speaker maker got a boost from continued strong growth in gaming hardware. The Swiss-U.S. company said net income rose to $112.8 million for the three months ended Dec. 31, beating forecasts of $99.3 million in a Reuters poll of analysts. Net sales rose to $864.4 million in the quarter...

22 Jan 2:24 AM 0 Read More...

France considers bill amendment to target Huawei: Les Echos

PARIS (Reuters) - France is considering introducing a bill amendment to empower its security and defence watchdogs to make retroactive checks to telecoms operators’ equipment once installed, targeting China’s Huawei, Les Echos newspaper reported on Monday without citing sources. The amendment to a broad deregulation bill being debated by French parliament would follow moves by some Western countries to bar China...

21 Jan 9:03 PM 0 Read More...

Facebook's WhatsApp limits users to five text forwards to curb rumors

JAKARTA (Reuters) - Facebook Inc’s (FB.O) WhatsApp is limiting worldwide the number of times a user can forward a message to five, starting on Monday, as the popular messaging service looks to fight “misinformation and rumors”, company executives said on Monday. Previously, a WhatsApp user could forward a message to 20 individuals or groups. The limit of five is in expansion of a measure WhatsApp put in place i...

21 Jan 6:58 PM 0 Read More...