Tag Archives: Reports
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
(Reuters) – British shipping services provider Clarkson Plc said it was subject to a cyber security incident and warned that the person or persons behind the incident may release some data on Wednesday.
“As soon as it was discovered, Clarkson took immediate steps to respond to and manage the incident,” the company said.
“Our initial investigations have shown the unauthorized access was gained via a single and isolated user account which has now been disabled,” Clarkson said.
The London-headquartered company said it had been working with the police on the incident.
Reporting by Rahul B in Bengaluru; Editing by Maju Samuel
It’s been a week since independent journalist Tim Pool took up InfoWars editor-at-large and alt-right conspiracy theorist Paul Joseph Watson’s offer to come to Malmo, Sweden, to investigate violence allegedly committed by migrants and refugees in the country.
So far, Pool has posted a clip for each day he’s been in the country. Topics have ranged from a sit-down with a business owner, chatting with Ivar Arpi about self-censorship, and one Muslim resident’s perspective on the situation.
There’s also video of Pool exploring the supposed most violent “no-go zones,” escorted by Deputy Mayor Nils Karlsson. Read more…