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Nvidia scandal rocks tech world Web Summit
Allegations of Chinese spying on Nvidia dominated a top world tech conference on Tuesday, with some executives seeing potential opportunities in the turmoil at the US artificial intelligence chip giant. Chinese technology executives attending the summit highlighted emerging alternatives to Nvidia.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Nvidia CEO Jensen Huang's $81 billion divorce bill to wife could dwarf Jeff Bezos' $35 billion settlement with MacKenzie Scott ? What we know
Nvidia CEO Jensen Huang's estimated $162.2 billion net worth has drawn attention amid reports of an affair with Alice Huang and a possible divorce. Under California's community property laws, his wife Lori Huang could potentially receive $81.1 billion, a figure that could surpass Jeff Bezos' $35 billion divorce settlement with MacKenzie Scott.
China, Hong Kong stocks fall as US tech rout sparks AI bubble fears
Chinese and Hong Kong stocks took a hit as American tech shares slumped overnight, fueling worries about the durability of the artificial intelligence surge. This uncertainty cast a shadow over investor confidence across Asia. Nevertheless, the Chinese mainland market saw some recovery driven by bargain hunters supported by government measures, though analysts caution that tech stocks in China are still at risk from global market changes.
China's robot makers have mastered the moves. Now comes the race for brains
The shift is fuelling an investment boom in embodied AI, a field focused on software that allows robots to understand their surroundings, learn unfamiliar tasks and adapt without having to be programmed for every job.
Semiconductor ecosystem: Made in India and designed for India
India’s competitive advantage will not come from manufacturing at China’s scale or cost. It lies in building customised devices for specific users and applications.
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Apple's $1,999 foldable iPhone dazzles at launch, but who is it really for?
Apple launched its new foldable iPhone Duo with a premium price tag. Analysts question its broad appeal beyond wealthy tech enthusiasts and early adopters. The device offers an expanded display for work and entertainment purposes. Pent-up demand from existing iPhone users is expected to drive initial sales. Foldable phones are projected to remain a small segment of the global smartphone market.
Crypto's shopping hack; Centre eyes Meta child safeguards
Indians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.
India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in country
India's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and foreign investment law compliance. This comes amid Xiaomi's ongoing tax and royalty payment disputes in India. The company stated it has not received any official notice from the SFIO. An investigation could further challenge Xiaomi's market position and financial standing.
SaaS company Whatfix's cofounder and CEO Khadim Batti passes away
Whatfix CEO Khadim Batti passes away: Vara Kumar, Batti's cofounder and a close friend, told Whatfix employees in an email that Batti had spoken with him at length on Monday night and that they had discussed their respective health situations. “He had been maintaining his health very well,” Kumar wrote.
China cracks down: Huawei ex-employees get prison for stealing chip secrets to launch rival startup Zunpai
Fourteen former Huawei employees have been penalized for stealing confidential chip technology and using it to establish Zunpai. Zunpai's founder, a former Huawei researcher, allegedly enticed staff with high pay to steal secrets before leaving. The individuals face potential jail time and financial penalties, while Zunpai's assets have been frozen amidst investigations revealing intellectual property theft.
Huawei chips are one generation behind US but firm finding workarounds, CEO says
Ren Zhengfei, Huawei founder and one of the country’s most recognisable business figures, told the Communist Party’s official newspaper he wasn’t worried about Washington’s efforts to cut off the flow of US technology to China’s chip sector. He also expressed confidence that China can make breakthroughs in AI and software.
Huawei founder told Xi Jinping China's concerns about lack of chips have eased: State media
Public discussion of the meeting, where six founders were given time to address Xi while the likes of DeepSeek's Liang Wenfeng and Alibaba's Jack Ma looked on, has been highly controlled. Previously, state media only released Xi's remarks and not details of what the founders said.
China's Huawei kicks off product launch event by thanking country for its support
Huawei Technologies held a product launch event, where it unveiled its new tablet called the MatePad Pro 13.2 and announced the roll-out of a new ultra high-end brand called 'Ultimate Design', which includes a Mate 60 RS smartphone and a watch. While details about the Mate 60 smartphone series were not discussed, users and analysts have praised the Mate 60 Pro for its Chinese-made chip and 5G capabilities.
Huawei has replaced thousands of US-banned parts with Chinese versions: founder
The administration of former president Donald Trump effectively barred American companies from doing business with the firm, and his successor Joe Biden has imposed further sanctions including a ban on sales of new Huawei equipment in the United States. The moves have forced the firm to find new ways to obtain semiconductors and other parts, with founder Ren Zhengfei saying Huawei has replaced more than 13,000 components with domestic versions in the past three years, according to the transcript posted by Shanghai Jiao Tong University on Friday.
iPhone sales in China edge past crisis-hit Huawei
Strong iPhone 13 sales helped Apple take up 46 per cent of China's market for smartphones that cost more than USD 400 (Rs 31,000 approx), while Chinese firm Vivo jumped to second place for the first time as rivals try to fill the hole left by Huawei, media reports here said.
Huawei CFO Meng Wanzhou named chairwoman in rotating role
The United States then imposed a series of trade restrictions on the company throughout 2019 and 2020, citing national security concerns. This impeded Huawei's ability to design its own chips and to source components from outside vendors, crippling its smartphone businesses. Meng was allowed to return to China in September after an agreement with U.S. prosecutors to end a bank fraud case.
Huawei founder urges shift to software to counter US sanctions
The internal memo seen by Reuters is the clearest evidence yet of the company's direction as it responds to the immense pressure sanctions have placed on the handset business that was at its core
Huawei unveils flagship foldable Mate X2 at $2,785, but only in China
Mate X2 is Huawei's third folding phone.
Huawei open to transfer 5G technology for global innovation including source code
"We are open to transferring all of our 5G technologies, not just licensing production to others. This will include source programmes and source code to all the hardware design secrets as well as the know-how, and the chip design," Huawei founder and CEO Ren Zhengfei said at the opening ceremony of the intelligent mining innovation lab in Taiyuan.
Huawei founder sees no end to US sanctions
Huawei Technologies Ltd., China's first global tech brand, is at the center of conflict with Washington over technology and security. American officials say the maker of network equipment and smartphones might facilitate Chinese spying, an accusation Ren and other executives deny.
HSBC denies reports that it 'fabricated evidence' on Huawei which led to the arrest of its chief financial officer
The HSBC statement comes a day after Chinese state media, including the communist party mouthpiece People's Daily, published reports accusing HSBC of lying about Huawei during an investigation by the US department of justice.
China warns US of 'all necessary measures' over Huawei rules
Chip design and manufacturing equipment used in the world's semiconductor plants is mostly U.S.-made, so the new rule affects foreign producers that sell to Huawei and affiliates including HiSilicon, which makes chips for supercomputers with scientific and military uses. Foreign foundries would be granted a 120-day grace period for chips already in production.
India should consider local manufacturing of telecom equipment: Country’s top cybersecurity official
“We should give a licence fee to them (Huawei), and ensure that hardware and software would remain ours, and that's the best option,” National Cyber Coordination Centre (NCCC) chief Lt Gen Rajesh Pant told ET. He said a multivendor approach was also one of the alternatives to thwart backdoor apprehensions.
Used handset sellers expect panic selling of Huawei phones
Word is spreading that Google services will not be available for Huawei. A panic situation may soon arise.
Huawei chief flaunts 'tea' links with 10 Downing Street as he brushes aside US ban
Escalating the bruising trade war with China, the US recently blacklisted Huawei over security concerns.
Without Google, Huawei phones could become paperweights: Report
Rival phone brands Samsung, Xiaomi, Oppo would benefit from Google's suspension of services to Huawei, Hong Kong-based South China Morning Post reported.
No connection with cyber security issues in US: Huawei
Chinese telecom equipment maker Huawei today said it has no connection in the recent cyber security issues reported in the US.
Huawei denies Motorola's charges of stealing product info
Chinese telecom equipment manufacturer Huawei Technologies has dismissed market rival Motorola's charges of stealing confidential information about its cellular network equipment as groundless.
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