CryptoCompare market view: The alleged $850m ‘cover-up’ April 30, 2019 The Crypto world was rocked last week by the announcement from New York Attorney General Letitia James of a court order against the operators of the Bitfinex exchange and Tether – issuers of the stablecoin of the same name. The Attorney General alleges that the operators of Bitfinex and Tether engaged in fraud to hide [...]
Samsung to invest £89bn in logic chip business as it looks to take on rivals April 24, 2019 Samsung will invest 133 trillion won (£89bn) in its logic chip business over the next decade as it looks to counteract a decline in memory chip prices and take on rivals. The South Korean tech giant today said it will invest roughly 11 trillion won per year until 2030 in its divisions that manufacture logic chips, [...]
Samsung Galaxy Fold: Tech giant delays launch date after review issues for foldable phone April 23, 2019 Samsung is reportedly recovering all review samples of its latest smartphone, the Galaxy Fold, after complaints of faulty screens led it to postpone the device’s launch. The foldable phone’s offficial release was due on 26 April in the US but some journalists who received the device to review said it showed evidence of breaks, broken [...]
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 [...]