Huawei exec: 'Some political guys' are trying to drag down business, but we're still confident
- Despite intense international scrutiny of its technology, Huawei's senior executives projected confidence at a Thursday event launching some of its 5G products.
- Consumer products chief Richard Yu said that upcoming unveiling will include a foldable phone, which will be commercially available in June.
- The Thursday event comes at a challenging time for Huawei.
- The Canadian ambassador to China made headlines on Wednesday when he said he believed Meng had a strong defense, suggesting she might not be headed to the states.
- At the Thursday event, Yu wouldn't comment on Meng's situation.
- Yu said Huawei could become the number one player in the global smartphone market as early as this year.
- The executive suggested there are outside forces seeking to influence Huawei's sales for political reasons, and he reiterated the company is "doing its best" to continue building its business.
Apple just dismissed more than 200 employees from Project Titan, its autonomous vehicle group
- Apple dismissed just over 200 employees this week from Project Titan, its stealthy autonomous vehicle group, people familiar with the matter told CNBC.
- Other employees who were impacted by the restructuring of Project Titan are staying at Apple, but moving to different parts of the company.
- Of late, Apple CEO Tim Cook has touted his company's initiatives in health as the key to its future growth.
- "I believe, if you zoom out into the future, and you look back, and you ask the question, "What was Apple's greatest contribution to mankind?" it will be about health," Cook told CNBC's Jim Cramer.
- Meanwhile, Apple executives have remained mum in recent months on the company's car prospects, which appear to have been scaled back from the initial rumored vehicle to a focus on software.
- Fully self-driving cars remain experimental, even for major players in the field such as Waymo, Cruise and Tesla.
GMO's Jeremy Grantham says thermal coal is 'dead meat'
- Jeremy Grantham, the legendary British hedge fund manager and climate change crusader, says thermal coal is "dead meat" while he says growing public concern around global warming has created a "new ball game" for policymakers.
- The 80-year-old Mr Grantham, who founded hedge fund GMO and is famed for picking sharemarket bubbles, is now devoting his energy towards investing in businesses, such as battery and agricultural technology start-ups, that he says are helping the world deal with the impact of climate change.
- But steaming or thermal coal, which is used to create electricity, was "dead meat – while we wait for India to wake up to the fact that they have the best solar power in the planet".
- If Mr Grantham is indeed right about the prospects of thermal coal it would threaten the long-term viability of an export industry that this year will generate $26 billion in revenues for Australia.
Trump's intervention 'complicates' Huawei CFO extradition: Former US ambassador to China
- A former U.S. ambassador to China says that linking the trade dispute to national security issues will only make things more complicated for American authorities preparing a formal request to extradite a senior Huawei executive.
- Huawei CFO Meng Wanzhou was arrested in Canada on Dec. 1, at the request of U.S. authorities who say her company violated U.S. sanctions on Iran and may have made illegal transactions with HSBC.
- Baucus was referring to comments by John McCallum, Canada's ambassador to China, who told Chinese-language media that Meng had strong arguments against her extradition to the U.S. partly due to Trump's politicization of the case.
- "If I think it's good for what will be certainly the largest trade deal ever made — which is a very important thing — what's good for national security — I would certainly intervene if I thought it was necessary," he told the news agency.
Microsoft's Bing can no longer be accessed in China
- Microsoft's search engine Bing could not be accessed in mainland China as of Thursday morning local time.
- On Tuesday, the former deputy governor of the People's Bank of China, Zhu Min, told CNBC that Beijing could completely cut investment into the Silicon Valley after the intense scrutiny of Huawei, the world's largest telecom equipment maker.
- Meng, who was detained at the request of Washington over allegations that the company violated American sanctions on Iran, was released on bail but still faces the possibility of extradition to the U.S. The U.S. and other countries — including Canada, Germany, Britain and Australia — accuse China of technology theft and have blocked Huawei's equipment from sensitive infrastructure projects.
- China has openly declared its intent to become a world tech leader over the next decade, investing hundreds of billions of dollars in technologies like Artificial Intelligence and autonomous vehicles.
Brexit backer Dyson moves vacuum giant's HQ to Singapore where they will build electric cars
- LONDON (Reuters) - James Dyson, the billionaire Brexit supporter who revolutionized vacuum cleaners with his bagless technology, is moving his head office to Singapore from Britain to be closer to his company's fastest-growing markets.
- Dyson's company said the move to Singapore, where it will build its new electric car, was not driven by Britain's looming departure from the European Union or tax implications, with much of its product development remaining in south west England.
- Chief Executive Jim Rowan said the manufacturer of air purifiers, hairdryers and cleaner, lauded by politicians as a British success story, was a "global technology company", with 96 percent of its sales outside Britain.
- James Dyson came out in favor of Brexit days before the 2016 vote, when he said Britain could be about 18.5 billion pounds better off each year if it left the European Union.
China sticks to upbeat economic script on Davos stage
- Davos, Switzerland | Chinese leaders, officials, entrepreneurs and academics, attending the World Economic Forum in Davos this week in record numbers, have sprung to the defence of their country's economic performance, attempting to bat away concerns about the impact of trade tensions and falling consumer confidence.
- China's slowing economy and its trade tensions with the US have been the talk of Davos – inevitably featuring in almost every panel discussion – but the sense of uncertainty and concern among many WEF participants is not ostensibly shared by the 90-plus senior Chinese delegates.
- Vice-President Wang Qishan set the official soothing tone in his keynote address on Wednesday: he described the fourth quarter's 6.6 per cent annual growth rate – the slowest pace in nearly three decades – as "a significant number, not low at all".
- Dr Jin said China's main challenge was not a slowing growth rate but the need to allocate capital more effectively, targeting the productive parts of the economy.
Apple Recharges Race to a Better Battery by Hiring Executive Away From Samsung
- Apple has hired an executive from Samsung SDI, the battery making affiliate of Samsung Electronics, to help lead its own battery work.
- Soonho Ahn joined (aapl) Apple in December as global head of battery developments, after working as a senior vice president at Samsung SDI since 2015, according to his LinkedIn profile.
- At Samsung SDI, Ahn led development of lithium battery packs and worked on “next-generation” battery technology, the profile says.
- Apple has been working on its own MicroLED display technology for future devices, which would help wean itself off Samsung in other areas.
- Apple has also been in talks to buy cobalt, a key component of battery packs, directly from miners.
- As device makers release products with similar functionality, differences in key features like battery life and performance are becoming more important, and Apple is seeking a competitive advantage in those areas.
Google’s lobbying spending set new records in 2018
- Amazon spent $14 million lobbying on many of the same issues, while Facebook spent almost $13 million.
- All that spending has come at a time when technology companies are under siege from both the left and the right.
- People on the right are suspicious of the left-leaning corporate cultures at most major technology companies, and they're particularly concerned about how Facebook and Google could use their control over major social media platforms to squelch conservative viewpoints.
- He went on to create the Open Markets Institute, which has focused on building the case for stricter antitrust enforcement against big technology companies—especially Google and Amazon.
- That case has also attracted some support on the right, with Republican Josh Hawley getting elected to the US Senate from Missouri while running on a stridently anti-Google platform.
Interview with Isotropic Systems CEO John Finney on Breakthrough Satellite Technology
- Isotropic Systems is developing breakthrough satellite and satellite receiving technology.
- They are using a transformational optical beamforming technology to control the direction of radio waves, Isotropic Systems has developed communication terminal solutions that are significantly more cost-effective, use significantly less power and yet achieve superior performance benefits for the end users.
- Their optical beamformer modules reduce the required circuitry of conventional phased array and flat panels by 70-95%.
- Isotropic Systems technology could scale to enable $300-400 receiving terminals.
- Currently, Chinese satellite base stations cost about $30,000 and phased array tends to be about $50,000.
- In theory, phased array technology should be able to scale to lower prices.
- Truly low cost receiving stations would also enable satellite internet providers to compete with cable, fiber and DSL providers.
- Isotropic Systems can radically transform satellite capabilities with the 95% reduction in circuitry and the 90% lower power usage.