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End of a chip boom? Memory chip price drop spooks investors

SEOUL (Reuters) – After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Electronics Co’s disappointing profit estimate, is causing jitters among investors who had bet the chip boom would last at least another year. Source
Posted On 15 Jan 2018

Xiaomi taps CLSA, Morgan Stanley, Goldman for IPO sponsor role: sources

HONG KONG (Reuters) – Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, people with direct knowledge of the matter said, in what could potentially value the Chinese smartphone maker at up to $100 billion. Source
Posted On 15 Jan 2018

SoftBank considers IPO for Japan wireless unit, said to seek $18 billion

TOKYO (Reuters) – SoftBank Group Corp said on Monday it was considering listing its Japanese wireless business – a move that could reportedly raise $18 billion and would accelerate the conglomerate’s transformation into one of the world’s biggest tech...
Posted On 15 Jan 2018

Auto1 says no need for IPO after Softbank invests

BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Source
Posted On 15 Jan 2018

China to block cryptocurrency platforms that allow centralized trading: Bloomberg

BEIJING (Reuters) – Chinese authorities plan to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading, Bloomberg reported Monday citing sources. Source
Posted On 15 Jan 2018

BlackBerry launches cybersecurity software for self-driving cars

(Reuters) – Canadian software maker BlackBerry Ltd on Monday launched a new cybersecurity software, which identifies vulnerabilities in programs used in self-driving cars. Source
Posted On 15 Jan 2018

Any rule on Bitcoin must be global, Germany’s central bank says

FRANKFURT (Reuters) – Any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community, a director at Germany’s central bank said on Monday. Source
Posted On 15 Jan 2018

Ford plans $11 billion investment, 40 electrified vehicles by 2022

DETROIT (Reuters) – Ford Motor Co will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. Source
Posted On 15 Jan 2018

Google to relaunch map service in China: Nikkei

(Reuters) – Alphabet Inc’s Google will relaunch its map service in China after an eight-year absence, Nikkei reported on Monday. Source
Posted On 15 Jan 2018

French telcos to spend $3.7 to plug network gaps

PARIS (Reuters) – France’s mobile telephone operators will spend more than 3 billion euros ($3.7 billion) rolling out a 4G network to ensure there are no coverage gaps by 2020, a government minister said. Source
Posted On 14 Jan 2018