Technology News

Britain to allow Huawei restricted access to 5G network

LONDON (Reuters) - Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology. Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it coul...

24 Apr 9:35 AM 0 Read More...

LG Electronics to suspend mobile phones production in South Korea this year: Yonhap

SEOUL (Reuters) - South Korea’s LG Electronics plans to suspend manufacturing of its loss-making mobile phones in the country this year and shift the production to its existing plant in Vietnam, Yonhap News Agency said on Wednesday. Citing an unidentified source, Yonhap reported that LG decided to move its local handset production to Vietnam to help turn around the money-losing smartphones division. LG’s mobile...

24 Apr 9:22 AM 0 Read More...

Job-search site Indeed plans to add 600 jobs in Ireland

DUBLIN (Reuters) - The job-search site Indeed will hire 600 more people at its European headquarters in Dublin over the next five years, the latest significant jobs announcement by a multinational company in Ireland. Foreign companies account for around one in 10 jobs among Ireland’s more than two million workers, and hiring has shown little sign of diminishing in the face of Brexit and a slowdown in global growth....

24 Apr 9:03 AM 0 Read More...

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm

SEOUL (Reuters) - Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices. The plan underscores the South Korean firm’s ambition to challenge bigger rivals - Taiwan’s TSMC in contract chip manufacturing and San Diego-based Qualcomm Inc in mobile processing ch...

24 Apr 8:41 AM 0 Read More...

British 'evidence-based review' wants secure 5G supply chain: government spokesman

LONDON (Reuters) - Britain’s government has conducted an “evidence-based review” of the 5G supply chain to ensure a secure base “now and in the future”, a government spokesman said on Wednesday, responding to reports that Huawei will get limited access to the network. “The security and resilience of the UK’s telecoms networks is of paramount importance,” the spokesman said, adding that decisions by th...

24 Apr 8:12 AM 0 Read More...

Netflix, streaming services win Oscars cinema rule battle

(Reuters) - In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood’s top prize. The decision follows a battle over how long a movie must play on the big screens in theaters before being launched on the internet, DVD or other mediums that put it on the small screen. The Academy’s Board of ...

24 Apr 7:53 AM 0 Read More...

UK to block Huawei from core parts of 5G network: source

LONDON (Reuters) - Britain will block China’s Huawei Technologies from all core parts of the 5G network and access to non-core parts will be restricted, a security source said. Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United States told allies not to use its technology because of fears it could be a vehicle for Chinese spy operations. The Daily Telegraph repo...

24 Apr 7:15 AM 0 Read More...

Huawei welcomes reports UK will allow it into 5G networks

LONDON (Reuters) - China’s Huawei said on Wednesday it welcomed reports that Britain would allow limited use of its equipment in new 5G networks. A security source said Britain will allow Huawei restricted access to non-core parts of the 5G network, but block it from all core parts of the system. “We welcome reports that the UK government is moving towards allowing Huawei to help build the UK’s 5G networks,”...

24 Apr 7:15 AM 0 Read More...

Wirecard lands $1 billion investment from Japan's Softbank

BERLIN (Reuters) - Japan’s Softbank Group Corp will buy a 5.6 percent stake in Wirecard for around 900 million euros ($1 billion), the German company said on Wednesday, joining forces in the digital payments sector. Shares in Wirecard jumped 10 percent to the top of Germany’s blue-chip index as analysts welcomed the investment as a vote of confidence in the business that will allow the Munich-based firm to enlarg...

24 Apr 7:08 AM 0 Read More...

After bodysuit blow, Japan's Zozo embarks on hiring spree to shore up online mall

TOKYO (Reuters) - For Japan’s Zozo Inc, a brash online fashion retailer, 2018 marked a turning point, but not in the way that anyone had hoped. Its body-measuring Zozosuit, which was supposed to put the firm at the cutting edge of made-to-order fashion, failed to drive sales. Executives came under fire in the media for wildly optimistic targets and the company said in November it was phasing out the product. Addi...

24 Apr 6:59 AM 0 Read More...