Tag Archives: Industry
SEOUL (Reuters) – Shares of South Korean chip giants jumped on Thursday after U.S. chipmaker Micron Technology Inc forecast recovery in a memory market saddled with oversupply as device demand sags.
FILE PHOTO: Memory chip parts of U.S. memory chip maker MicronTechnology are pictured at their booth at an industrial fair in Frankfurt, Germany, July 14, 2015. REUTERS/Kai Pfaffenbach
The world’s second-biggest memory chip maker, SK Hynix Inc, saw its shares surge nearly 7 percent by 0330 GMT, while technology giant Samsung Electronics Co Ltd gained 4.3 percent.
Micron said on Wednesday it saw recovery in the memory chip market, after reporting quarterly profit that beat analyst estimates as cost control helped offset falling demand and prices.
“Micron’s projection on growing memory chip demand from data center operators set up a positive outlook for the memory chip industry, helping boost shares of South Korean chipmakers,” said analyst Seo Sang-young at Kiwoom Securities.
Analysts have been wary about prospects of the memory chip market due to lower demand for smartphones and slumping investment from data center companies.
“With its plan to cut production, it seems that Micron is determined to better control oversupply problems in the chip market,” said analyst Park Sung-soon at BNK Securities.
Tech research firm TrendForce in a report on Wednesday said it expects a only a slight decline in NAND flash chip sales in the second quarter as demand recovers from smartphones, computers and servers.
“Although it won’t cause an immediate reversal of the oversupply situation, it will have a positive effect on the market environment,” analyst Ben Yeh at DRAMeXchange, a Trendforce division, said in the report.
Both Samsung Electronics and SK Hynix said in their earnings conference calls in January that they expected sales of memory products to revive in the second half of the year.
Rising chip shares helped lift the broader KOSPI stock price index by 0.3 percent.
Reporting by Heekyong Yang; Editing by Christopher Cushing
(Reuters) – Troy Carter, who acted as a bridge between Sweden-based Spotify Technology SA and the recorded music industry, will leave the company in early September but remain in an advisory role, Spotify said on Monday.
FILE PHOTO: The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid/File Photo
Carter was a music industry veteran who had previously helped manage artists such as Lady Gaga and John Legend. In 2016, he became Spotify’s global head of creator services.
In that role, he helped the Swedish company allay concerns from artists over how they could gain a following and make money on Spotify’s streaming music platform, which has thinner margins than the traditional record business.
“I came to this company to help bridge the gap between Spotify and the creative community,” Carter said in a prepared statement. “Over time, that goal evolved from fixing a challenge to building a global team focused on changing the game for artists around the world, partnering with them to help bring their creative visions to life in new and innovative ways.”
Variety earlier reported Carter’s departure. The magazine also reported that Carter had been upset at a Spotify policy put in place in May that demoted the prominence of some artists after they were accused of what the company called “hateful conduct.”
The policy affected artists such as singer R. Kelly and rapper XXXTentacion. Last month, Spotify narrowed the policy, keeping a ban on songs “whose principal purpose is to incite hatred or violence” but removing terms related to an artist’s conduct.
Spotify did not respond to a question about whether Carter’s departure was related to the policy.
In a statement, Spotify Chief Executive Daniel Ek said when Carter “joined our team, there was skepticism from the artist community on streaming overall. Troy has been instrumental in changing that perception and his efforts to establish true partnerships across the industry will be felt for years to come.”
Spotify shares closed down 5 percent at $ 176.79.
Reporting by Stephen Nellis; Editing by Chris Reese
HONG KONG (Reuters) – Tencent Holdings chairman pledged to advance China’s semiconductor industry, saying the blow to ZTE Corp from Washington’s ban on U.S. firms supplying telecommunications company was a “wake-up” call, local media reported.
China’s No.2 telecom equipment maker ZTE was banned in April from buying U.S. technology components for seven years for breaking an agreement reached after it violated U.S. sanctions against Iran and North Korea. American firms are estimated to provide 25-30 percent of the components used in ZTE’s equipment.
While the U.S. administration said on Friday it had reached a deal to put ZTE back in business after the company pays a $ 1.3 billion fine and makes management changes, the plan has run into resistance in Congress, indicating ZTE was still far from out of the woods. Also, ZTE is yet to confirm the deal.
“The recent ZTE incident made everyone more clearly realize that however advanced one may be in mobile payment, without the mobile, the chips and the operating system, you still cannot compete,” Chinese media reports cited Tecent’s Pony Ma as saying at a forum in Shenzhen on Saturday.
Tencent, which alternates with Alibaba Group to be Asia’s most-valuable listed company, is the largest social media and gaming company in China and operates the popular WeChat app.
Ma said “even though the ZTE situation was in the process of being resolved, we must not lose vigilance at this time and should pay more attention to fundamental scientific research”.
Tencent is looking into ways it could help advance China’s domestic chip industry, which could include leveraging its huge data demand to urge domestic chip suppliers to come up with better solutions, or using its WeChat platform to support application developments based on Chinese chips, Ma said.
“It would probably be better if we could get in to support semiconductor R&D, but that is perhaps admittedly not our strong suit and may need the help of others in the supply chain.”
China has been looking to accelerate plans to develop its semiconductor market to reduce its heavy reliance on imports and has invited overseas investors to invest in the country’s top state-backed chip fund.
Reporting by Sijia Jiang; Editing by Himani Sarkar
SEOUL (Reuters) – A better deal for South Korea’s cryptocurrency industry might be in the offing as the market regulator changes tack from its tough stance on the virtual coin trade, promising instead to help promote blockchain technology.
The regulator said on Tuesday that it hopes to see South Korea – which has become a hub for cryptocurrency trade – normalize the virtual coin business in a self-regulatory environment.
“The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation,” said Choe Heung-sik, chief of South Korea’s Finance Supervisory Service (FSS), told reporters.
The latest news suggests authorities might adopt a lighter regulatory touch, a step change from the justice minister’s warnings in January that the government was considering shutting down local cryptocurrency exchanges, throwing the market into turmoil.
FSS has been leading the government’s regulation of cryptocurrency trading as part of a task force.
Cryptocurrency operators see Choe’s comments as positive step for the industry’s plans for self-regulation.
“Though the government and the industry have not yet reached a full agreement, the fact that the regulator himself made clear the government’s stance on co-operation is a positive sign for the markets,” said Kim Haw-joon of the Korea Blockchain Association.
South Korea banned the use of anonymous bank accounts for virtual coin trading as of January 30 to stop cryptocurrencies being used in money laundering and other crimes.
Three local banks including Shinhan Bank, Industrial Bank of Korea, NH Bank, are currently offering cryptocurrency accounts to around five local virtual coin exchanges.
Choe said that Kookmin Bank and KEB Hana Bank may have also put in place an appropriate system, though they haven’t as yet started handling transactions.
“I hope they (the banks) no longer fear authorities once they have the right system,” Choe added.
An official from FSS told Reuters tough regulatory oversight of illegal trade in cryptocurrencies will remain in place.
Bitcoin BTC=BTSP, the world’s most heavily traded cryptocurrency, is now changing hands at a three-week high of $ 11,160 on the Luxembourg-based Biststamp exchange after falling as low as $ 5,920.72 in early February.
South Korean electronics giant Samsung has already started production of cryptocurrency mining technologies, local media reported in January.
Reporting by Dahee Kim; Editing by Eric Meijer & Shri Navaratnam
Few things are getting as much attention as driverless cars. Google’s Waymo spinoff recently announced that its driverless cars have driven over 3 million miles, rumors are floating about Apple patents for autonomous vehicles and potential play in driverless, Uber and Lyft are both planning driverless fleets, and myriad companies such as Nutonomy, Torc Robotics, Mentor, Lvl5, and Skymind are all fueling what will be one of the most disruptive innovations of the last 200 years.
Autonomous vehicles (or AVs) will likely be the single greatest opportunity for the creation of value and wealth during the 21st Century. A study, done for Intel by Strategy Analytics, predicted a $ 7 trillion industry by 2050 making it one of, if not the single largest global industry.
Given the impact AVs will have it’s worth taking the time to understand the facts and to consider how AVs will impact you and your business trust me on this, they will! Yet, much of what we hear and read seems to either border on absurd promises or threats of a dystopian future in which cars are making life and death decisions in a crisis moment about whether to take out a family of four or a little old lady crossing the street in her walker.
So, I’m doing something a bit different with my Inc column this month. During September I’m going to run a series on autonomous vehicles, drawing on interviews I’ve had with CEOs of AV companies and developers of AV technology, lawyers, insurance companies, advocacy groups, first hand accounts with AVs, and excerpts from a new 2018 book I’m wrapping up, Revealing The Invisible: How Our Hidden Behaviors Are Becoming The Most Valuable Commodity Of The 21st Century.
The intent with this series of articles is to provide a realistic view of how AVs will evolve, the obstacles they face, and the dramatic changes they will bring.
So, lets start with the problem that AVs are trying to solve.
There is no way that we can support 10 billion people with the same sort of vehicle infrastructure and culture we have today.
The automobile is part of the fabric of the modern world. We build an intense cultural and personal bond with our vehicles. They define a person’s identity. They are also the backbone of commerce. As an industry, vehicle manufacturing is large enough to represent the equivalent of the world’s sixth largest economy, employing over 50 million people and producing nearly 100 million vehicles each year. Yet, there is simply no way that we can support a global population reaching 10 billion people with the same sort of vehicle infrastructure we have today. Our cars remain idle 90% of the time. There’s no other individual asset nearly as expensive to own that gets that little utilization.
Vehicle’s account for 1.3 million deaths each year.
That places them as the 10th leading cause of death globally and the only non-disease related cause in the top 10. If you adjust for the fact that there are only one billion vehicles globally, as opposed to the fact that all seven billion people are subject to the other 9 risk factors, you could make the claim that vehicles are the leading cause of death for those who own or interact with an automobile.
Automobiles have a strained relationship with an aging population.
Few of us have not had to deal with the very hard conversation, or worse yet unilateral decision, of taking the car keys away from a parent. The automobile is perhaps one of the greatest statements of independence in modern society. When it’s taken away it takes with it not just the license to drive but the license to live a full life. According the AAA seniors are outliving their ability to drive by 7-10 years on average. This will be you soon enough.
Autonomous vehicles are going to be a watershed moment in our acceptance of artificial intelligence.
Once we feel safe enough in an AV to transition from driver to passenger, and have experienced its ability to transport us faster, keep us safer, and understand our behaviors better than we can ourselves A.I. will have arrived. There’s no doubt in my mind that the AV will be the proof point and the watershed moment for AI’s acceptance.
The impact of vehicles on global pollution and climate change.
And lastly, let’s not forget the impact of vehicles on global pollution and climate change. According to a study by NASA vehicles are the single largest contributor to climate change. Today transportation contributes more to greenhouse emission than the entire energy sector of the US economy. 26% of greenhouse gases come from vehicles. Even without moving to electric vehicles the reductions that come from the efficiency of AVs in terms of their ability to communicate with each other (V2V – Vehicle to Vehicle)) and infrastructure (V2I – Vehicle to Infrastructure) would eliminate traffic congestion and the need for street lights.
When you consider all of these factors converging it’s impossible not to believe that it’s just a matter of time until AVs are an essential part of our world. Does that mean that there aren’t technical, cultural, social, and even ethical obstacles ahead? Of course not! This is likely to be one of the most profound transformations we will experience in our lifetime. But it’s also likely to be one of the messiest as hundreds of companies race to bring AVs to market, regulators try to set standards, and driver learn how to become passengers.
In my next column we’ll look at some of those challenges through the eyes of experts in the industry who are driving (an unavoidable pun) the evolution of autonomous vehicles. And more specifically at how we define what an autonomous really means.
Stick with me, it’s going to be a fun ride!
“One of latest trends in the market is emergence of cloud computing. The shift from CAPEX to OPEX model is the primary reason driving the increasing …
VMware works in Open-O from the both governing board and technical steering to continuously improving and innovating the open standard-based orchestration.
GreatResponder.com VMware Inc, is a one of the leading industry in cloud computing based products. It enables their customers to accelerate their digital transformation. VMware Cross-Cloud Architecture and variety of solutions for the data centers, mobility and security enable all types of enterprises to work in healthy and compatible environment.
VMware announced on 5 December, 2016 at Palo Alto – CA, that the company has started a partnership with Open-O, It is an open source project that is hosted and maintained by the Linux Foundation that helps and enables all the leading telecommunications companies, cloud operators and end-to-end services orchestration to use the NFV infrastructure (network functions virtualization) as well as the SDN and legacy networks. VMware joined as a platinum member so he is merely available for both functions of the project that includes the governing body and technical steering with marketing committees. This function is quite better for Open-O project to continually grow in the market.
Marc Cohn, Executive Director, OPEN-O and vice president, network strategy, The Linux Foundation. Said: “The OPEN-O Project is representative of the industry movement towards adoption and production deployment of open standards-based orchestration to enable operators to capitalize on NFV and SDN architecture, Operators participating in OPEN-O feature a subscriber base in excess of a billion mobile, residential and business users. With the addition of leading NFV vendors such as VMware, we believe OPEN-O will successfully deliver the abstraction needed to deliver complex services over SDN and NFV infrastructures as well as legacy networks.”
There are 400+ CSPs and Telco companies working globally, many of those companies are looking for a platform that is more faster, reliable, and less expensive to launch their new and innovative services. CSPs and telcos are looking for a converged platform where they can get the various services including, combines network, cloud, mobility, and IT architecture. Open-O project helps the enterprise users to significantly improve the sevices velocity, agility, and quality to generate more revenues. It also reduces the overall costs simultaneously. There are several technology hubs are participating in this Linux based open source project, including, Hong Kong Telecom, China Telecom, China Mobile.
Gabriele Di Piazza, vice president of solutions, the Telco NFV Group at VMware said: “Implementing NFV requires a robust NFV infrastructure, and the agility provided by the type of comprehensive NFV and multi-cloud orchestration the OPEN-O Project promises to deliver, Customers will ultimately choose the path that best helps them meet their digital transformation objectives, and by joining OPEN-O, VMware is extending its position as a major player in defining the evolution and adoption of NFV by Telcos and communications service providers.”
Hays County Records Division has a new Land Records management system that will enhance the County’s ability to serve its citizens.
(PRWeb July 18, 2016)
Read the full story at http://www.prweb.com/releases/2016/07/prweb13559187.htm