Digi Times — Industry sources have suggested that SanDisk and Toshiba, which jointly develop NAND flash technology, are both being targeted for acquisition by China’s state-owned Tsinghua Unigroup. Unisplendor, a unit of Tsinghua Unigroup, has reached a deal to acquire an about 15% stake in storage company Western Digital. The achievement is actually part of China’s ambitions to establish a homegrown industry covering storage devices, DRAM and NAND flash memory, the sources disclosed.
Want China Times — The first phase of China International Payment System (CIPS) was officially launched Thursday in Shanghai, a milestone in the internationalization of the Chinese currency, the renminbi or yuan. The system, which provides capital settlement and clearing services for cross-border yuan transactions for financial institutions domestically and abroad, will enhance efficiency and increase global use of the Chinese currency by cutting costs and processing times, said Fan Yifei, vice president of the People’s Bank of China, the central bank.
Want China Times — Tus-Holdings, an affiliate of China’s leading semiconductor group Tsinghua Holdings, has partnered with the city government of Fuzhou for a total investment of 17 billion yuan (US$2.7 billion) to build a science park, which aims to be an incubation of high-tech development as well as talent training, our Chinese-language sister paper Commercial Times reports.
Digi Times — Rumors have been circulating in Taiwan’s semiconductor industry that Charles Kau, who works both as Inotera Memories chairman and Nanya Technology president, will be hired by China’s Tsinghua Unigroup to support the establishment of the region’s DRAM industry sector. Kau will be appointed as executive VP of Tsinghua Unigroup’s global operations, and will be responsible for the development of China’s home-grown DRAM technology and production capacity, according to the rumors. Kau will also help build a competitive talent pool for China’s DRAM sector.
MIS Asia — China plans to invest RMB1.2 trillion (US$188 billion) to further develop its web infrastructure over the next three years, announced Lin Nianxiu, deputy director of the National Development and Reform Commission. While is it unclear if the figure includes private investments, the government will be spending a considerable sum of money on the supporting infrastructure and new technology. The move is hoped to spur growth in spending and invigorate the nation’s slowing economy, Lin told Chinese news agency Xinhua.
The rise of the internet in China has forced the government, the private sector and individuals in China to pay as much attention to information and cyber security as they do to censorship. The government has devised a series of plans since 2012 to better protect cyber security and these plans are expected to boost the development of related industries, the Securities Weekly reported. They may well also provide a useful pretext for furthering the government’s control over freedom of discourse on the web.
Finextra — Standard Chartered has partnered with Chinese Internet search engine Baidu to launch a fintech accelerator programme in Hong Kong. The bank says the ‘SuperCharger Accelerator Programme’ will help local and international early-stage and more established fintech companies grow in Asia’s vibrant markets. Throughout October, a roadshow will travel in search of the best businesses worldwide with stops including London, New York, Tel Aviv, Singapore and Beijing.
Channel News Asia — PARIS: Alcatel-Lucent said on Tuesday it will not sell its undersea cables unit, meaning the strategic business which underpins the global Internet will be taken by Nokia once it completes its acquisition of the Franco-American group. The Finnish firm said in April the 15.6 billion euro (US$17 billion) acquisition of network gear maker Alcatel-Lucent as they aim to better compete with market leader Ericsson and low-cost Chinese powerhouse Huawei .
Tech In Asia — Will all stores eventually move online? Or will the first-mover advantage of offline stores mean that they forever remain an important and significant part of the way people shop? Indian ecommerce site Snapdeal’s latest launch, Janus, shows that it may just be a hybrid of the two. Janus is an omni-channel platform that integrates all aspects of ecommerce – from ordering a product online to customizing it and getting it delivered offline.
With news this week of malware infesting Apple mobile apps and a new mobile virus infecting Chinese users’ smartphones, more scrutiny is being placed on Chinese technology firms to help protect netizens. Tencent has taken the lead with the announcement of its Thunder Action. This is the company’s special initiative against Internet phishing, pornography, and malicious information.
Network Aasia — China Motor is employing SmartCLOUD, taking advantage of the platform’s dense network and ubiquitous bandwidth in the Greater China Region. The firm has incorporated its ERP system into 40 branch offices in Greater China, establishing a foundation to develop the new market, while enhancing management efficiency and reducing HR costs. China Motor was established in 1969 and began technology exchanges with Mitsubishi Motors in 1970 to produce a variety of car and motorcycle parts.
Want China Times — Advanced Semiconductor Engineering (ASE), the world’s largest integrated circuit packaging and testing services provider, has taken legal action to try to stop a special shareholders meeting scheduled by Siliconware Precision Industries to let electronics manufacturing giant Hon Hai overtake ASE as its biggest shareholder.
Inside HPC — In this special guest feature, Tom Wilkie from Scientific Computing Worldreports on how China’s commercial supercomputer manufacturers are seeking export markets with the support of their Government. Big data, cloud computing, and the servers to run the internet, are all targets in an export drive by Chinese supercomputing manufacturers whose ambitions reach far beyond China and beyond high performance computing.
Enterprise Innovation — A heated argument over the likelihood of cloud dominance in the local enterprise space in the next 10 years took place at Computerworld Hong Kong’s Cloud Tech Forum 2015 in July. At its 6th consecutive year, the event invited CIOs from China CITIC Bank and Ageas, as well as a research analyst, lawyer, an independent consultant together with a cloud provider to debate under the motion of “Cloud infrastructure will replace traditional IT infrastructure within a decade.”
Times of India — WASHINGTON: India may soon displace China as Silicon Valley’s next frontier, a leading American daily has said, days after Prime Minister Narendra Modi visited the headquarters of technology giants Tesla, Facebook and Google. “China may be a Silicon Valley obsession, but India increasingly is in the conversation and may soon displace its Asian neighbour as tech’s next big frontier,” the popular USA Today said yesterday in a news dispatch from San Francisco.
The Star — SEOUL: Kakao Corp, the operator of South Korea’s largest mobile messaging app, said Tencent Holdings Ltd and eBay Inc have joined its bid for a new South Korean Internet bank license. Tencent and eBay will make their investments through subsidiaries, which are expected to take stakes of 4% or less in the bank should a license be gained, a Kakao spokesman said. He declined to comment on financial terms.
Tech In Asia — China’s prestigious Tsinghua University is investing a whopping US$3.8 billion into hard-drive maker Western Digital, reports Bloomberg. It’s China’s biggest ever tech investment in the US. It tops the US$1.75 billion that Lenovo paid for IBM’s PC division in 2005, as well as last year’s acquisition of IBM’s server business by Lenovo for US$2.3 billion.
Shanghai Daily — WITH a partnership to make one of Google’s flagship Nexus smartphones, Chinese tech giant Huawei is gaining new prominence which could help its efforts to win broader global consumer appeal. Huawei was tapped this week to produce the Nexus 6P, one of two handsets unveiled this week by Google to showcase its Android mobile operating system.
China Tech News — A number of Chinese Apple iOS apps this week were found infected with XcodeGhost malware. This makes both Apple and the technology companies who created the malware-infested apps look bad. Download speeds appear to be a prime reason why Chinese app developers of at least 57 apps, including WeChat and Didi Chuxing, chose to download the Xcode file from unsanctioned servers in China, rather than from Apple’s channels outside of China.
China Topix — Chinese music-streaming fans may now subscribe to iTunes Movies and iBooks as Apple Inc. has finally announced that its services are now available to Android users in China. Included on their long list of artists are both Chinese and international performers. Thus, subscribers may choose from a vast library of songs also being offered in other countries worldwide.