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☆ 'Internal battle' in Modi's BJP on whether India needs Chinese investments, Natixis chief Asia economist says
▼ + stars: | 2024-08-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +5 min

Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.

Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra

☆ Taiwan plays a 'very crucial role' in AI supply chain, says Taiwan Stock Exchange CEO
▼ + stars: | 2024-04-19 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

watch nowTaiwan plays a critical role in the AI chip revolution and the global semiconductor industry, the chief executive of the Taiwan Stock Exchange told CNBC in an exclusive interview. Sherman Lin, chairman and CEO of Taiwan Stock Exchange Corporation attributed the strong gains on the Taiwan Weighted Index to "the AI revolution." So it means, actually, Taiwan plays [a] very crucial role in AI supply chain and also the semiconductor industry," said Lin. Taiwan also held nearly 80% market share in extreme ultraviolet generation processes, such as 7-nanometer and more advanced technology, said TrendForce. EUV tools are critical in the production of the world's most advanced processors.

Persons: Sherman Lin, Lin, TSMC Organizations: Taiwan Stock Exchange, CNBC, Taiwan Stock Exchange Corporation, Taiwan, Taiwan Semiconductor Manufacturing Co, Apple, Nvidia, TSMC, U.S, ICT, Samsung, Intel Locations: Taiwan, South Korea, China, Japan, U.S

☆ Huawei's profit doubled in 2023 as smartphone, autos business picked up
▼ + stars: | 2024-03-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings. The company also attributed the profit gains to revenue growth of 9.6% year-on-year to 704.2 billion yuan ($99.18 billion). Net profit grew by 144.5% year-on-year to 87 billion yuan. Net profit in 2022 fell by 69%, the largest drop on record. ICT remained by far Huawei's biggest revenue driver with 362 billion yuan in revenue in 2023, up 2.3% from a year ago.

Persons: Apple, — CNBC's Arjun Kharpal Organizations: Huawei, Mobile World, 5G, ICT Locations: Barcelona, BEIJING, China, Xiaomi

☆ Here's how the rise of generative AI could change a core investing strategy
▼ + stars: | 2023-11-18 | by ( Aruni Soni | ) www.businessinsider.com time to read: +4 min

Generative AI could change the 60/40 portfolio strategy, according to Morgan Stanley. AdvertisementThe latest corner of your life warped by generative AI? According to Morgan Stanley, the AI boom has the potential to change a core tenet of investing for the basic, moderate-risk investor: the 60/40 portfolio. "Similar to ICT, AI — especially generative AI — has the potential to improve productivity broadly across sectors," analysts wrote. The debate over the 60/40 portfolio has intensified after a historic meltdown in the bond market sent Treasury yields soaring.

Persons: Morgan Stanley, — Organizations: Service, Morgan, Morgan Stanley Research, Treasury, Fed, Vanguard Locations: BlackRock

☆ Apple supplier Luxshare to invest $330 mln more in northern Vietnam
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +1 min

HANOI, Nov 10 (Reuters) - Apple (AAPL.O) supplier Luxshare Precision Industry Co (002475.SZ) has been awarded a license to invest an additional $330 million in its plant in Vietnam's northern province of Bac Giang, raising the total investment to $504 million, provincial authorities said. The facility is expected to be completed in 12 to 24 months, it added. China-based Luxshare, one of Apple's main AirPods makers, started investing in Vietnam since 2019. Its additional investment in the country comes as other manufacturers seek to further diversify production away from China. Earlier this year, another Apple supplier, Foxconn, set up a new factory in central Vietnam and raised its investment in the country by $250 million to make electric vehicles and telecom parts.

Persons: Luxshare, Phuong Nguyen, Lincoln Organizations: Luxshare Precision Industry, Apple, Thomson Locations: HANOI, Bac Giang, Vietnam, Bac, China

☆ If you've ever thought about relocating to New Zealand, now might be the perfect time
▼ + stars: | 2023-09-23 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

New Zealand is adding 17 new jobs to its Immigration Green List. The country is expanding its Immigration Green List, adding 17 new roles including panel beaters, welders, and IT administrators as it tries to address an ongoing skills shortage. The list allows employers to use Green List visas to fill specialist roles if they're unable to recruit a local, while providing a fast-track route to residency for employees. The new job additions, which also include aviation engineers, corrections officers, vehicle painters, and naval architects, open up the list to more industries, New Zealand immigration minister Andrew Little said in a statement. AdvertisementAdvertisementThe move comes as part of a package of new immigration policies as New Zealand seeks to revitalize its economy following the pandemic.

Persons: they're, Andrew Little, Little Organizations: Service, Bloomberg Locations: Zealand, Wall, Silicon, New Zealand

☆ Goldman Sachs names 6 stocks set to beat 'intense competition' in the EV industry
▼ + stars: | 2023-08-21 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

The second comprises companies that tap opportunities leveraging new tech and business, said Goldman, naming stocks such as Panasonic, Toyota Industries and Hon Hai Precision Industry. Tesla : Goldman noted that Tesla is ramping up its in-house battery manufacturing capabilities — in addition to its partnerships with battery suppliers. Goldman gave Toyota a buy rating, and 12-month target price of 2,800 Japanese yen ($19.25), representing about 19% potential upside. Toyota Industries : Last year, Toyota Industries developed a bipolar nickel-metal hydride battery for hybrid vehicles. Goldman gave Toyota Industries a neutral rating, and 12-month target price of 9,200 Japanese yen, representing about 7% potential downside.

Persons: Price, Goldman Sachs, Goldman, Hon Hai, Hai, Tesla, BYD, — CNBC's Michael Bloom Organizations: BYD, Toyota Motor, Panasonic, Toyota Industries, Hai Precision Industry, ICT, New, Toyota, EV Locations: Chinese, New Taiwan, EVs

☆ Chinese tech giant Huawei reports tepid consumer revenue growth for the first half of 2023
▼ + stars: | 2023-08-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Kevin Frayer | Getty Images News | Getty ImagesBEIJING — Chinese tech giant Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year. At 103.5 billion yuan ($14.27 billion) in first six months of 2023, Huawei's consumer revenue was less than half what the segment had generated during the same period in 2019 and 2020. watch nowCloud services brought in revenue of 24.1 billion yuan, while intelligent automotive solutions — whose products include tech for new energy vehicles — saw revenue of 1 billion yuan in the first six months of 2023. Those sales are generally counted as part of the consumer business. Looking for smartphone growthOverall revenue growth in the first half of 2023 comes off a low base.

Persons: Kevin Frayer, Donald Trump Organizations: Getty, Huawei, CNBC Locations: Dongguan, Shenzhen, China, BEIJING, U.S

☆ China's Huawei reports small revenue bump on back of core businesses
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

A visitor checks a mobile phone near the Huawei logo during the Mobile World Congress in Shanghai, China June 28, 2023. REUTERS/Nicoco Chan/File PhotoSHENZHEN, China, Aug 11 (Reuters) - China's Huawei Technologies (HWT.UL) saw modest revenue growth in the first half of the year, with its core information and communications technology (ICT) infrastructure and consumer businesses generating the lion's share. Revenues rose to 310.9 billion yuan ($43.01 billion), up 3.1% on the same period a year earlier, the Shenzhen-based technology giant announced on Friday. Huawei's profit margin rose to 15%, with a net profit of 46.6 billion yuan, making, according to Reuters calculations, around a threefold improvement on a year earlier. "In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth," said Meng Wanzhou, Huawei's rotating chairperson and the daughter of its founder, Ren Zhengfei.

Persons: Nicoco Chan, Meng Wanzhou, Ren Zhengfei, Richard Yu, David Kirton, Simon Cameron, Moore Organizations: Huawei, Mobile, Congress, REUTERS, Huawei Technologies, Reuters, Thomson Locations: Shanghai, China, SHENZHEN, Shenzhen, U.S

☆ Apple supplier Foxconn's failed India chip venture shows how tough it is for new players
▼ + stars: | 2023-07-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

In this article 2317-TW Follow your favorite stocks CREATE FREE ACCOUNTThis month, Foxconn pulled out of its joint venture with Vedanta. In May 2021, it formed a joint venture with Yageo Corporation, which makes various types of electronic components. Foxconn looked to India for its joint venture with Vedanta because the country's government is looking to boost its domestic semiconductor industry and bring manufacturing on shore. This month, Foxconn pulled out of its joint venture with Vedanta. Foxconn and Vedanta wanted to license the technology from STMicro and India wanted the firm to have a stake in the joint venture, but the European chipmaker did not, Reuters reported.

Persons: Foxconn, Gabriel Perez, Neil Shah, Shah, BMI's Perez, Vedanta Organizations: Vedanta, Getty, BMI, Fitch Group, CNBC, Samsung, Micron, Hai Technology, Yageo Corporation, Counterpoint Research, Reuters Locations: India, EU, Mainland China, STMicro

☆ South Korea wants to be a top A.I. hub — its chip dominance could be an advantage
▼ + stars: | 2023-07-06 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Jung Yeon-je | Afp | Getty ImagesSouth Korea's dominance in the memory chip market and a robust artificial intelligence ecosystem gives it an advantage in the global AI chip race, said industry observers. South Korea dominating in the memory market is definitely an advantage," said James Lim, senior research analyst at Dalton Investments. "South Korea seeks to emerge as a prominent player in rapidly growing and promising areas such as AI semiconductors," said Lee. "South Korea has a robust local AI ecosystem, capable of competing with global tech giants," said Sung Nako, executive for large scale AI development at South Korean internet giant Naver. ChatGPT maker OpenAI's CEO Sam Altman had urged South Korea to lead AI chip production during his meeting with South Korean President Yoon Suk-yeol in June.

Persons: Jung Yeon, James Lim, Lee, Dylan Patel, SemiAnalysis, ., TrendForce, Sung Nako, Sam Altman, Yoon Suk, Altman, Dalton's Lim, Geoffrey Cain Organizations: Getty, Dalton Investments, CNBC, Samsung, SK Hynix South, Samsung Electronics, SK Hynix, Science, Micron, South, South Korean, Nvidia, Intel Locations: Seoul, Korea, South Korea, China, U.S

☆ OpenAI CEO visits South Korea as country seeks to encourage AI development
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

SEOUL, June 9 (Reuters) - Open AI Chief Executive Sam Altman is set to meet with South Korean President Yoon Suk Yeol and about 100 local startups on Friday, as the country seeks to encourage domestic competitiveness in artificial intelligence. After crisscrossing Europe last month meeting lawmakers and national leaders to discuss the prospects and threats of AI, Altman has travelled to Israel, Jordan, Qatar, United Arab Emirates, India and South Korea - all this week. The European Union is moving ahead with its draft AI Act, which is expected to become law later this year, while the United States is leaning toward adapting existing laws for AI rather than creating whole new legislation. South Korea has new AI regulation awaiting full parliament approval, which is seen as less restrictive than the EU's version. South Korea's Ministry of Science and ICT announced in April plans focused on fostering local AI development, such as measures to provide datasets for training hyperscale AI, while continuing discussions in AI ethics and regulations.

Persons: Sam Altman, Yoon Suk, Altman, Naver, OpenAI, ChatGPT, Joyce Lee, Heekyong Yang, Deepa Babington Organizations: South Korean, crisscrossing, LG, Financial Times, Microsoft Corp, European, South Korea's Ministry of Science, ICT, Thomson Locations: SEOUL, crisscrossing Europe, Israel, Jordan, Qatar, United Arab Emirates, India, South Korea, Korea, United States, China, Kakao, Spain, Mexico, South

☆ Photos capture US special operators landing one of the Air Force's biggest planes on a Wyoming highway
▼ + stars: | 2023-05-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

The event helped train the Air Force to use roads in case runways aren't an option. But that didn't stop the US Air Force from using the roads to land several aircraft — including one of its biggest planes. An MQ-9 Reaper with the 2nd Special Operations Squadron lands on Highway 287 during Exercise Agile Chariot near Rawlins, Wyoming, April 30, 2023. Air Force planes — including the MC-130J and Warthog — have landed on stretches of highway in recent years in places like Michigan, Latvia, and Sweden. And the Air Force Special Operations Command has even explored modifications to the MC-130J to allow it to land in water.

TAIPEI, March 15 (Reuters) - Apple Inc supplier Foxconn (2317.TW) on Wednesday said it plans to ramp up investment outside of China and efforts to attract automakers to its contract manufacturing business, as the company reported weaker demand for consumer electronics. Foxconn, which assembles around 70% of iPhones, has been diversifying production away from China, whose strict COVID restrictions disrupted its biggest iPhone plant last year. The company also seeks to avoid a potential hit to its business from mounting trade tensions between Beijing and Washington. "Foxconn will actively expand its EV business in North America and work more comprehensively with traditional and start-up car makers," Liu said. Liu said revenue from EV components is expected to rise sharply to between T$50 billion and T$100 billion this year from T$20 billion last year.

[1/2] AI chip startup Rebellions co-founder and chief executive Park Sunghyun works at the company headquarters in Seongnam, South Korea February 2023. SEOUL Feb 13 (Reuters) - South Korean startup Rebellions Inc launches an artificial intelligence (AI) chip on Monday, racing to win government contracts as Seoul seeks a place for local companies in the exploding AI industry. "But it's not set in stone because AI chips can carry out different functions and there aren't set boundaries or metrics." A100 is the most popular chip for AI workloads, powerful enough to create - in industry lingo, "train" - the AI models. Rebellions declined to give a forecast for its AI chip venture.

☆ Meta's chief product officer says the metaverse will one day be as 'important as the smartphone'
▼ + stars: | 2023-01-19 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Meta's chief product officer said the metaverse will one day become as important as the smartphone. Speaking at a Davos panel on Wednesday, Chris Cox discussed Meta's vision for the metaverse. Cox said Meta believes that "one day that computing platform will be as important as the smartphone has become in our lifetimes." It is the "only thing Mark wants to talk about," one director level employee told Insider in April. "It's basically fomenting disorganization and anxiety," an employee told Insider at the time.

☆ With a recession looming, layoffs are in full effect. Here are some of the safest and most at-risk jobs, according to economists.
▼ + stars: | 2022-12-17 | by ( Sam Tabahriti | Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

US employees are worried about their jobs amid a looming recession. Insider spoke to economists to identify some of the safest jobs, and the ones most at risk. The grim economic outlook has caused employee concerns about layoffs to skyrocket, Lauren Thomas, a UK-based economist for Glassdoor told Insider. Insider spoke to labor experts and economists to identify some of the safest and most-at-risk jobs. Olga Rolenko/Getty ImagesConstruction, which relies heavily on borrowed funds, tends to get hit hard early on during a recession, experts told Insider.

☆ China's Huawei slows its long decline under U.S. sanctions as revenues improve
▼ + stars: | 2022-10-27 | by ( David Kirton | ) www.reuters.com time to read: +2 min

Huawei posted revenue of 445.8 billion yuan ($62.03 billion)for the first three quarters, 10 billion yuan less than it saw in the same period a year earlier, the company said on Thursday. Revenue for the third quarter alone came to 144.2 billion yuan, up 6.5% on a year earlier, based on Reuters calculations. "The decline in our device business continued to slow down, and our ICT infrastructure business maintained steady growth." The company is now a bit player behind rivals, including its former budget unit Honor, which it sold in 2020. Huawei is pushing to develop other businesses that are less dependent on U.S. technology, including smart car components, energy efficiency systems and cloud services.

☆ A Foxconn Tesla? Taiwan tech giant targets 5% of EV manufacturing by 2025
▼ + stars: | 2022-10-18 | by ( Sarah Wu | ) www.reuters.com time to read: +3 min

Foxconn Chairman Liu Young-way poses on stage with an electric vehicle, the Model C, during the company's annual Tech Day in Taipei, Taiwan, October 18, 2022. Register now for FREE unlimited access to Reuters.com Register"I hope one day we can do Tesla cars for Tesla." Foxconn is leveraging its "48-year-old roots in ICT manufacturing" to halve EV design times and slash development costs by a third, Liu said. "Despite the challenges of conflict in Europe and COVID globally, Foxconn has maintained our EV strategy," Liu said. "Our heartfelt hope is that Taiwan can seize this once-in-a-hundred years, rare EV business opportunity," Liu said.

☆ S.Korea's Yoon calls for quick resumption of popular messaging, portal services
▼ + stars: | 2022-10-16 | by ( ) www.reuters.com time to read: +2 min

Service disruptions, some of which continued into Sunday, hit some of the country's most-used apps and websites, including Kakao messenger and the company's online payment, gaming and music streaming services. read moreThe outages highlighted how reliant South Korea is on Kakao messenger, which is the default form of communication for many government and business services. Register now for FREE unlimited access to Reuters.com Register"We ask that government ministries also make every effort to ensure that Kakao and others can responsibly and promptly restore services," Yoon said, according to his spokeswoman. Yoon ordered the science and ICT minister to provide personal support, and called for an investigation to identify the exact causes behind the incident. Register now for FREE unlimited access to Reuters.com RegisterReporting by Josh Smith; Editing by Tom HogueOur Standards: The Thomson Reuters Trust Principles.

☆ Project Coordinator (ICT sector component)
▼ + stars: | 2021-06-29 | by ( Alte Articole | ) www.civic.md time to read: 1 min

Administratorii portalului nu poartă răspundere pentru conţinutul postărilor şi materialelor plasate de utilizatorii site-ului. Utilizaţi informaţia din acest articol pe propriul risc.

☆ Apel de contractare a unei echipe de consultanți în educație și tehnologii informaționale
▼ + stars: | 2021-06-23 | by ( Alte Articole | ) www.civic.md time to read: +25 min

Asociația a fost înființată pentru a reprezenta industria în diferite aspecte politice și legislative și pentru a facilita schimbul de bune practici între membri. Misiunea ATIC este de a proteja și promova interesele membrilor asociației, precum și de a facilita un climat de afaceri TIC mai favorabil. Actualizarea „Metodologia de certificare și evaluare a competențelor digitale pentru cadrele digitale din învățământul general”. Elaborarea testelor de evaluare a competențelor digitale formate și dezvoltate în cadrul a fiecăruia din cele trei cursuri. Procesul de Evaluare a ofertelor primite:Criteriile minime de calificare ale candidaților sunt:· Studii superioare in domeniul educație, tehnologii informaționale sau alt domeniu relevant .

Persons: Tatiana, Liuba Livadari, Document, . Organizations: City Cahul, Uniunea Europeană, UE, Asociația Națională, A, Asociația, IBM, Microsoft, Asociației Naționale, Uniunii Europene, PNUD, Educației, Culturii, Cercetării, Ministerului Educației, Digital Competence, UNESCO, British, B1, Team Locations: Suediei, Moldova, Republica Moldova, Republicii Moldova, universitatea, Cahul, City Cahul, City, USAID, Suedia, EU4Moldova, PNUD Moldova, RM, Rusă

Ana Chirița, directoare proiecte strategice ATIC/directoarea proiectului TEKWILL: „Ascensiunea rapidă a domeniului IT din ultimii ani ne-a determinat să extindem TEKWILL în regiuni și să dezvoltăm sectorul la nivel național. Împreună cu partenerii din regiunea de nord vom crea oportunități de dezvoltare pentru locuitorii orașului Bălți, dar și a celor din raioanele apropiate. US „Alecu Russo” din Bălți și „Tekwill Bălți” își unesc eforturile pentru promovarea educației în domeniul IT, racordată la necesitățile pieței muncii, antreprenoriatului și a inovațiilor în domeniul IT în Republica Moldova. Acțiunile preconizate vor fi dedicate elevilor, studenților, profesorilor, companiilor TIC și non-TIC, dar și altor antreprenori din regiune. Pentru a continua să contribuie la creșterea competitivității industriei IT și a altor sectoare strategice ale economiei, centrul și-a extins domeniile actuale de activitate, devenind în 2019 un proiect complex la nivel național.

Persons: Ana Chirița, Alecu Russo Organizations: US, Comunicațiilor, Asociației Locations: Bălți, Moldova, Republica Moldova

☆ ГНС: Доходы юридических лиц снизились, а физических лиц – выросли
▼ + stars: | 2021-06-13 | by ( Super User | ) mybusiness.md time to read: +3 min

– 4,18 млрд леев). Задекларированные ими доходы составили 71, 59 млрд леев, а сумма подоходного налога - 5 млрд леев. В 2019 году эти показатели были на уровне 69,43 млрд леев и 4,67 млрд леев, соответственно. Доходы физлиц за рубежом и по депозитам, наоборот, снизились, как и по статье дивиденды. Их доходы достигли почти 10 млрд леев, а рост поступлений по подоходному налогу от этой категории граждан составил 25 млн леев.

Persons: Сергей Пушкуцэ Organizations: Государственная налоговая служба, ГНС Locations: Молдова

Ana Chirița, Directoarea Proiectului TEKWILL: „Tehnologiile digitale aduc plus valoare în orice domeniu de activitate, în special în sfera medicinei. Cu siguranță, implementarea tehnologiilor digitale în procesul de educație și cercetare din Universitatea noastră este un imperativ al timpului și va favoriza, într-un final, sporirea calității actului medical din Republica Moldova. Instituția va promova proiectele de inovare și cercetare aplicativă în domeniul inovațiilor și transferurilor tehnologice încurajând participarea sectorului privat la activități educaționale, cercetare și dezvoltare de produse. USAID sprijină potențialul de dezvoltare al Moldovei prin îmbunătățirea educației și antreprenoriatului în domeniul IT. Pentru a continua să contribuie la creșterea competitivității industriei IT și a altor sectoare strategice ale economiei, centrul și-a extins domeniile actuale de activitate, devenind în 2019 un proiect complex la nivel național.

Persons: Ana Chirița, Emil Ceban, Nicolae Testemițanu, Groppa, Veaceslav Cunev, Anna Lyberg, Scott Hocklander Organizations: Universitatea, Asociația Națională, Consiliului, Agenția Statelor Unite Locations: Republica Moldova, Suedia, Suediei, Moldova, Moldovei

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