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    Chinese smartphone giant joins race to make own chips

    This article is an on-site version of the #techAsia newsletter.sign up here Send newsletter directly to your inbox every Wednesday

    Hello, this is Mercedes from Singapore. The US-China trade war and the global tip shortage have forced mainland Chinese companies to become self-sufficient. The latest is Oppo, the world’s fourth-largest smartphone maker, planning to develop its own processor. However, success is not guaranteed. Elsewhere, Beijing is pressing US companies to deploy a digital RMB payment system prior to the Winter Olympics. Find out why the Stock Exchange of Singapore’s latest attempt to attract tech lists is a good gesture, but could level off. see you next week.

    Cue drum roll: #techAsia is hosting an online debate at the Asian Society in Switzerland from 12:00 pm to 1:00 pm on Thursday, October 28, Zurich time. All #techAsia readers are welcome. Movement: Asia is already the center of global technology. The pros and cons are Ken Koyanagi, Mercedes Ruehl, Akito Tanaka, and James Kinge.Free registration here.

    Big Story — Exclusive

    Oppo, the world’s fourth-largest smartphone maker, is competing to develop its own processor. The Chinese giant aims to use its own chips in high-end mobile phones due out in 2023 or 2024 to reduce reliance on foreign suppliers. This monopoly In Nikkei Asia.

    If Oppo succeeds, it will follow Google’s footsteps this week. Announced Pixel 6 The first smartphone to use the Tensor mobile processor. Apple, Samsung and Xiaomi are also developing their own processors.

    Main impact: Oppo has high goals. The company is considering using state-of-the-art 3 nanometer chip manufacturing technology from TSMC in Taiwan, the world’s largest contract chip manufacturer. Apple and Intel are one of the TSMC clients already using this technology.

    This means that Oppo aims to develop high-end chips that can compete with those manufactured by the world’s top semiconductor manufacturers. The company currently relies on Qualcomm and MediaTek for its processors.

    Oppo has been Increase investment in chips Because the US crackdown struck Huawei. According to industry executives and job listings, we have hired top chip developers and artificial intelligence experts from MediaTek, Qualcomm and Huawei and continue to hire in the US, Taiwan and Japan.

    Up shot: The US-China trade war and chip shortages have helped convince many smartphone makers to do it alone. However, developing your own processor is a daunting task. Success is not guaranteed.

    Top 10 Mercedes

    1. China It aims to develop the world’s first major electronic currency. scoop In FT details, how Beijing is driving We A company expanding its digital RMB payment system prior to the Winter Olympics.

    2. Taiwan’s iPhone assembler Foxconn announces 3 electric cars Prototype when jumping to a segment. (Nikkei Asia)

    3. Inevitable decision to withdraw from LinkedIn China It shows how Western companies have to decide more and more Benefits and ethics.. (FT)

    4. Streaming group has to pay Congestion fee For a hit show?That’s the problem Netflix faces following a successful runaway Korean Squid game.. (FT)

    5. Non-contact dining: Japan The skylark of the restaurant chain Use a robot It serves 2,000 restaurants. (Nikkei Asia)

    6. Zozo, Japan The company known for Zozosuit for ordering clothes online has set new goals.Sea tesla“. (Nikkei Asia)

    7. Singapore Sea, the owner of the e-commerce platform Shopee, Global domination.. Its latest target: France. (DealStreetAsia)

    8. Japanese The new Minister of Economic Security Severe warning For the country’s semiconductor industry in an FT interview.

    9. In that respect Japan Must Walk a thin line Between financial security and fair competition for the multi-billion dollar chip factory of TSMC in the country. (Nikkei Asia)

    10. A fascinating interview with the head here India Tata power.Electricity producers Big bet About renewable energy. (Nikkei Asia)

    South Korea’s SK Broadband sues Netflix to cover the cost of the surge in network traffic. For users who stream squid games. © Reuters

    Our view

    What does it take to get a large, high-growth tech company listed on your exchange?Singapore Blank check — or special purpose acquisition company (Spac) — structure plus Financial incentives You can do the trick.

    Like other initiatives such as the Stock Exchange of Singapore (SGX) and partnerships with the Nasdaq and Tel Aviv exchanges, this approach may not make a big difference. This effort does not solve the underlying problem. Most companies trading on the SGX are suffering below book value. Trading volumes are low and the fee structure is seen by many as no longer competitive when compared to other stock exchanges in the region.

    On the other hand, there is a lack of a strong domestic investor base. The trade boom by individual investors during the pandemic has almost passed Singapore, but the neighboring stock exchanges in Indonesia and Malaysia have benefited. So it’s no wonder that big tech companies like Indonesia’s Bukarapack chose a local list this year. Even GIC, a local sovereign wealth fund, does not invest in the domestic market, unlike many other peers.

    Therefore, the permissions that Spacs allows to list may not be sufficient. Creating a vibrant capital markets to complement Singapore’s increasingly active startup ecosystem should be a priority. But so far, even successful Singapore-based tech groups such as Sea and Grab have opted to be listed in the United States. The stock market will slightly reflect Singapore’s private technology sector until more significant changes are made.

    — Mercedes

    Smart data

    2021 startup funding in Southeast Asia has already exceeded all of 2020

    Much has been written about how regulatory attacks on China’s technology sector make India more attractive. But what about Southeast Asia? In the first nine months of 2021, Southeast Asian start-ups raised a total of $ 17.2 billion from venture funds and other investors. According to DealStreetAsiaMore than double last year’s total of $ 8.5 billion.

    Even more interesting than Banner year For Southeast Asia, the fact is that six major economies, Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam, have added a total of about 70 million new “digital consumers” since the outbreak of the pandemic. Over 350 meters. This is compared to India’s 150 million digital consumers, who have low average incomes.


    When Lu Jian Joined LinkedIn As China’s representative of the site in 2018, the mainland was one of the most important and strategic markets for US companies.

    Three years later, after LinkedIn announced last week that it would turn off China’s global site, Chinese tech veterans were trying to put a positive spin on what appeared to be a full-scale withdrawal. The Microsoft-owned company has blamed “difficult production environments” and “higher compliance requirements.”

    With 20 years of experience managing technology companies in the United States and China, including missions at Apple and Hujiang, Lu has seen increasing censorship demands from Beijing over the past few months and global cave exploration issues. I tried to balance.

    Lou disregarded the surrender of the last major western social network left in the country and argued that it would continue to help Chinese companies connect with global opportunities.

    However, there seems to be high hopes that Lu will be able to leverage its local partners and the willingness to add hundreds of millions of users according to Beijing’s rules.

    Trading art

    In 2015Golden ageVideo games played on mobile phones are currently selling a mobile game subsidiary to a US company for approximately $ 1 billion.

    The buyer is Scopely, a fast-growing US mobile game developer founded in 2011. One of Scopely’s strengths is the use of the intellectual property of other companies to develop games. speed.

    For example, Scopely’s hit game Star Trek Fleet Command Earn over $ 50 million in just four months of 2019. To launch the game, Scopely has partnered with CBS Interactive and DIGIT Game Studios.

    As part of Transactions with Sony, Approximately 400 employees of Sony’s gaming unit GSN Games will be transferred to Scopely. Sony will receive approximately half of its payments in preferred stock and become a minority shareholder in Scopely.

    SPE said it sees “an opportunity to benefit from the expected growth of the company and the mobile gaming industry.” This means that the “golden age” has actually happened in mobile games, but Sony wasn’t agile enough to get enough rewards. It is now affiliated with a costume.

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