Volkswagen to build Tesla-style gigafactories as it ramps up electric car production April 15, 2019 Volkswagen is pushing its electric battery suppliers to build factories with at least one Gigawatt manufacturing capacity, according to its chief executive. Read more: Panasonic reviews plans for expansion of Tesla Gigafactory Joint venture partners such as South Korean firm SK Innovation (SKI) would need to build a so-called gigafactory because “anything below that amount [...]
Smartphone sales to fall in 2019 as foldable phones fail to spark interest April 8, 2019 Global smartphone sales are set to fall again this year as consumers shun upgrades and hold on to their devices for longer. Shipments of mobile phones are expected to slip 0.5 per cent to 1.8bn in 2019, according to data published by research firm Gartner. Read more: Samsung warns of 60 per cent drop in [...]
London tech startup Attest closes $16m from Groupon investor NEA April 8, 2019 Consumer growth platform Attest has secured a $16m (£12.3m) series A funding round from Silicon Valley-based investment firm NEA. Existing investors Oxford Capital and Episode 1 Ventures also participated in the round. London Bridge-based Attest said it would use the fresh funding to expand its technology platform, which is used by businesses to learn, measure [...]
Samsung warns of 60 per cent drop in quarterly profits as smartphone sales slide April 5, 2019 Samsung Electronics has warned its first quarter profits are likely to plunge 60 per cent compared to the same period last year. The South Korean tech firm said its profit for the first three months of the year was likely to be between 6.1 trillion and 6.2 trillion won (£4.1bn), down from 13.6 trillion won [...]
Samsung issues profit warning amid collapse in memory chip prices March 26, 2019 Samsung issued a surprise warning to its shareholders this morning that its first-quarter results would be worse than expected due to collapsing memory chip prices and lower demand for its display panels business. In a regulatory filing issued to the London Stock Exchange before its earnings guidance next week, the South Korean tech giant said: [...]
Dialog shares boosted as deal with Apple fails to drag on predictions March 6, 2019 Shares in Dialog Semiconductor rose 2.2 per cent today despite fourth quarter results which showed a drop in revenues and predicted of a further fall in 2019. The Anglo-German chipmaker made a stock market bounce after posting better-than-expected fourth quarter results in the midst of an ongoing $600m (£460m) technology transfer deal with its biggest customer Apple. Read [...]
‘Don’t believe everything you hear,’ Huawei tells Wall Street Journal readers March 1, 2019 Huawei has taken out a full-page advert in the Wall Street Journal, telling readers “Don’t believe everything you hear”, in an attempt to salvage its tarnished reputation in the US. Read more: Huawei takes ground from Apple and Samsung in smartphone war Catherine Chen, a director at the Chinese telecom giant, claimed the US government [...]
Huawei chairman says the US has ‘no evidence, nothing’ of Chinese backdoors in 5G February 26, 2019 Huawei's chairman Guo Ping has said there is "no evidence, nothing" to support US claims of spying via its telecommunications equipment. "We don't do bad things," said Ping, speaking in a keynote address at Mobile World Congress in Barcelona. "Here, let me say this as clearly as possible: Huawei has not and will never plant backdoors. [...]
Huawei boss pledges to be ‘more transparent’ on European cyber security February 25, 2019 Huawei's top executive in Europe has said the company needs to be "more transparent" in its cyber security practices, hours after Britain's spy agency voiced concerns about its tech. Vincent Peng told reporters at a trade event in Barcelona that the problems the firm is facing are "a technical challenge, not a political challenge". "I want to emphasise, [...]
Sony taps into cinematic screens for the Xperia 1 smartphone February 25, 2019 In a long-overdue revival of its smartphone line, Sony has attempted to utilise its history of producing high-quality cinema experiences to its advantage. Launching its new premium flagship phone at Mobile World Congress in Barcelona, the Xperia 1 features a 21:9 aspect ratio screen at 6.5 inches tall, making it one of the longest phones on the [...]