Times of India — NEW DELHI: Snapdeal has acquired Reduce Data, a Silicon Valley startup, for an undisclosed amount to strengthen its discovery platform as the e-commerce major competes head-on with giants like Flipkart and Amazon. The Mountain View-based company has a programmatic display advertising platform that leverages artificial intelligence, real-time data and other tools. Founded in 2012 by Asif Ali, the company has customers across the US, India and the UK.
Times of India — NEW DELHI: Infosys has launched two new financial products for the Indian market that will help it tap the multi-million dollar opportunity in the newly announced payments banks segment. The two products — Finacle Payments Bank and Finacle Small Finance Bank solutions — are part of EdgeVerve Systems, the product subsidiary of Infosys, the country’s second largest software services firm.
Digi Times — China-based smartphone vendor Xiaomi reportedly is planning to launch a notebook in 2016 and is currently developing the device jointly with its ODM partners Inventec and Foxconn Electronics (Hon Hai Precision Industry). So far, the notebook’s mass production schedule has yet to be confirmed, according to sources from the upstream supply chain.
Times of India — NEW DELHI: State-owned Telecommunications Consultants of India Ltd (TCIL) has tied up with Chinese telecom gear maker ZTE Corporation to work jointly on Smart Cities and railway projects. TCIL is the first company in India which was awarded the work for designing, supplying, installation, testing and commissioning of GSM-based mobile train radio communication system for Eastern Railway, TCIL Chairman and Managing Director Vimal Wakhlu said in a joint statement.
Digi Times — China’s National Integrated Circuit Industry Investment Fund reportedly has targeted Globalfoundries for acquisition in order to allow China to secure 14nm FinFET foundry process technology in a fast manner, according to sources from Taiwan’s semiconductor industry. China-based Hua Capital Management, which manages the national semiconductor industry investment fund on behalf of the central government, has approached Globalfoundries for possible cooperation through an investment bank, said the sources.
Patently Apple — In terms of semiconductor packaging business, ASE provides the majority of Apple’sSystem in Packages (SiP). The Taiwanese semiconductor package company Advanced Semiconductor Engineering (ASE) has received major orders from Apple for the Apple Watch, the iPhone 6S and even the 2016 iPhone 7. Yet a portion of Apple’s SiP business goes to Hon-Hai or Foxconn through their ShunSin subsidiary.
Want China Times — WeBank, China’s first internet-based bank, has released an app which allows users to open a bank account with their existing WeChat or QQ accounts, reports the Shanghai-based Xinmin Evening News. After choosing one of the accounts, the bank registration process is fairly similar to any other bank account, requiring a name, ID card number, smartphone number, password and swipe lock pattern.
Want China Times — Cima NanoTech, a US-based developer of transparent conductive film solutions, announced Tuesday that it has entered into a joint venture with Foxconn Technology Group to deliver components for large format touch screens. The two companies will sell Cima NanoTech’s proprietary Sante ProTouch modules through Cima Touch, the company formed under this joint venture, Cima NanoTech said in a statement.
Digi Times — Global shipments of wearable devices came to 18.1 million units in the second quarter of 2015, up 223.2% from the 5.6 million shipped a year earlier, according to IDC. Fitbit ranked as the number one vendor with shipments totaling 4.4 million units in the second quarter, up 158.8% on year, but its market share dropped to 24.3% from 30.4% during the same period, IDC said.
Digi Times — More consolidation efforts are needed in Taiwan’s IC-design industry in order to cope with increasing global competition, according to sources at local IC design houses. Advanced Semiconductor Engineering (ASE) recently made a tender offer to buy up to 25% of outstanding shares of rival Silicon Precision Industries (SPIL).
Deccan Herald — According to a report by Future Market Insight, automotive telematics combines telecommunication and informatics to provide various services such as navigation, safety and security dynamically to vehicles. Currently, the global penetration of automotive telematics is 48 per cent, which is expected to reach around 62 per cent by 2020.
Times of India — TOKYO: Japanese electronics giant Panasonic on Thursday said it will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs due to weak global demand for basic mobile phones and digital cameras. Employees were informed in late July of the planned closure of the 15-year-old factory, a company spokeswoman said. The plant produces batteries for simple mobile phones and digital cameras which have been overtaken by more sophisticated smartphones.
Times of India — NEW DELHI: Amazon.com plans to launch its video streaming service in Japan for members of its Prime paid service as it gears up for Netflix’s planned entry into the country in September. Amazon’s Prime members get unlimited access to videos under its Prime Instant Video service.
Times of India — NEW DELHI: When Reliance Retail started selling fruits and vegetables at prices lower than market rates and talked about eliminating middlemen, the then Mayawati government in Uttar Pradesh shut the stores, calling it a law and order problem. Eight years later, online grocery stores are looking to gain favour with customers by offering onions at about half the rate that neighbourhood stores are charging.
Forbes — Two years ago China’s Tsinghua Unigroup was nothing more than an obscure state-backed company peddling scanners and herbal medicine drinks. But a reported deal to buy U.S. chipmaker Micron Technologies for $23 billion has brought it into the spotlight. Tsinghua Unigroup, 51% owned by state-run Tsinghua Holdings, is still in talks with Micron, despite the steep national security concerns the deal faces.
Digi Times — Taiwan-based companies have an advantage in developing IoT products thanks to their innovative ideas, flexibility and efficient implementation, according to John Wang, founder of Tolink, an IoT solution provider. The IoT will be the star of the IT industry for the next 10 years, bringing significant business opportunities, Wang said.
Digi Times — Taiwan’s top court has ruled in favor of TSMC in a trade secret case against Liang Mong-song, a former senior director of R&D at TSMC. Liang has been accused of revealing TSMC’s trade secrets and patents related to its advanced process technology to Samsung Electronics. The Supreme Court on August 24 maintained the determination made by the second-instance court, prohibiting Liang from working for Samsung in any form until December 31, 2015.
RCR Wireless — In a new report, the GSMA projects the city of Bangkok could save some $1 billion per year by implementing intelligent transport systems common in so-called smart cities. Researchers found that introducing intelligent transport systems would yield economic benefits equivalent to $1 billion each year through a combination of reducing traffic congestion and travel time, cutting harmful carbon dioxide emissions and helping avoid traffic accidents.
Digi Times — The China government will support local IC-design companies’ development in the MCU, CPU,FPGA, MEMS and memory chips sectors through acquisitions during its current five-year economic plan running from 2015-2020, accordingto Digitimes Research. Since most China-based IC-design houses engaged in MCU, CPU, MEMS and memory products are at their infant stages at present, it is an established policy of the China government to provide financial support to local IC companies to acquire related businesses globally for capacity ramps or technology upgrades.
China Post — TAIPE: Manufacturing, financial service and medicine related solutions will make up more than half of Internet of Things (IoT) applications in 2018, according to accounting firm Ernst & Young Taiwan’s forecast. The statement was made at an IoT-themed forum held by EY and technology association Monte Jade Taiwan yesterday. It was attended by Vice Premier Chang San-cheng (張善政) and Minister of Science and Technology Shyu Jyuo-min (徐爵民).