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Tag Archives: Qualcomm
China Qualcomm latest Business & Financial news from Doug Young, the Expert on Chinese High Tech Market, (former Journalist and Chief editor at Reuters)
The following press releases and news reports about China companies were carried on August 2. To view a full article or story, click on the link next to the headline.
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Didi Chuxing Acquires Uber China Operation, Uber Founder to Enter Didi Board (Chinese article)
Fantasia (HKEx: 177) to Buy Wanda Commercial Property Management Arm for 2 Bln Yuan (Chinese article)
The following press releases and news reports about China companies were carried on July 21. To view a full article or story, click on the link next to the headline.
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Strong Demand From China Buoys Qualcomm (Nasdaq: QCOM) Forecast (English article)
Midea (Shenzhen: 000333) Takes 85.69 Pct of Kuka After Tender Offer (Chinese article)
China Second, Behind US, on 2016 Fortune 500 List of Biggest Global Companies (English article)
China Box Office Growth Slows to 21 Pct in H1, Unlikely to Reach 60 Bln Yuan Target (Chinese article)
China Film Plans Nation’s Largest Entertainment-Industry IPO (English article)
The following press releases and news reports about China companies were carried on July 2-4. To view a full article or story, click on the link next to the headline.
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Chinese Group in Final Talks to Buy 80 Pct of AC Milan Soccer Club for 750 Mln Euros (Chinese article)
Qualcomm (Nasdaq: QCOM) Files Second Round of Patent Lawsuits Against Meizu (Chinese article)
Alibaba (NYSE: BABA) to Buy App Store Wandoujia for $200 Mln – Report (Chinese article)
Bottom line: Qualcomm and Meizu are likely to reach a new licensing agreement after the former sued the latter, pressuring Meizu’s profits, while Taipei will reach a compromise with local chip makers that would allow mainland investment in the sector.
Qualcomm sues Meizu over chip license
Two high-tech chip stories are in the headlines today, reflecting the complex dynamics now taking place in the market between China and the rest of the world. In both cases, the common theme is that China wants to build up its own manufacturing base for high-tech chips that power everything from cars to smartphones and home appliances. It’s already the world’s biggest consumers of such chips, since it manufactures many of those devices. But it doesn’t design or produce most of the actual chips, which is an extremely high-tech business that also carries high profit margins. Read Full Post…
The following press releases and news reports about China companies were carried on June 25. To view a full article or story, click on the link next to the headline.
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PBOC to Study Alibaba’s (NYSE: BABA) Shadow Banking Activities, Zhou Says (English article)
MediaTek (Taipei: 2454) Calls on Taiwan to Ease Limits on Investment from China (Chinese article)
MIIT Says Licensed Non-Telcos Allowed to Provide Free Voice Service (Chinese article)
Qualcomm (Nasdaq: QCOM) Sues Meizu for Patent Infringement (Chinese article)
SMIC (HKEx: 981) to Buy 70 Pct of Italy’s LFoundry for 49 Mln Euros (HKEx announcement)
Bottom line: Okmetic’s sale to a Chinese buyer was uncontested because of the company’s small size and youth, but the case could be closely watched to see how China might handle future takeovers of larger western chip makers.
Okmetic shareholders approve China takeover
China’s sudden appetite for overseas high-tech chip makers is attracting growing resistance from wary western governments, but one deal that seems to be avoiding such tensions is the purchase of Finnish company Okmetic (Helsinki: OKM1V). Just 2 months after announcing its plans to be acquired by China’s National Silicon Industry Group (NSIG), Okmetic has moved steadily forward with the plan and has just announced that holders of an overwhelming 93 percent of its shares have agreed to accept the offer. (company announcement) Read Full Post…
Bottom line: A Beijing visit by Microsoft CEO Satya Nadella hints that a settlement will soon be announced in the 3-year-old anti-trust probe against the company, which could include a fine of more than $1 billion.
Microsoft’s Nadella back in China
Just weeks after Apple (Nasdaq: AAPL) CEO Tim Cook came to China on a trip partly aimed at damage control, Microsoft’s (NYSE: MSFT) CEO Satya Nadella is in Beijing on a similar mission involving a long-running anti-trust probe against the world’s biggest software company. The trip, and the fact that it was probably leaked by Microsoft, hints that the nearly 3-year-old probe against the company is nearing completion and we could soon see China announce corrective action against the company. A similar series of events unfolded before last year’s anti-trust settlement of a similarly long Beijing probe against US telecoms chip giant Qualcomm (Nasdaq: QCOM). Read Full Post…
Bottom line: China should abandon its model of trying to develop proprietary technology through government-backed initiatives, and focus instead on supporting leading private companies like Huawei to develop such products.
Qualcomm JV developing special server chip for China
China has started down a familiar but flawed path to creating its own cutting edge-technology, with reports last week that a joint venture backed by US telecoms giant Qualcomm (Nasdaq: QCOM) is developing a special microchip for the China market for use in computer servers that power the Internet. The effort looks strikingly similar to previous ones that typically saw China work with big foreign companies to develop technologies to compete with existing global products and standards. Read Full Post…
Bottom line: Overheating complaints surrounding its new Mi 5 smartphone are the latest technical snafu for Xiaomi, whose image as a cool and cutting-edge company will suffer further as a result of the problem.
Users complain of Mi 5 overheating
Xiaomi is hot once again, but not in a way the former smartphone superstar would probably like. That’s because the latest heat around Xiaomi comes from reports saying a growing tide of users are complaining about overheating batteries in the company’s latest smartphone, the Mi 5.
It’s a bit unclear how widespread this problem really is, and I’ll admit that reports in the Chinese and western media still aren’t that numerous. But there definitely appears to be a problem. That comes as the latest setback for a company that used to grab headlines with its slick marketing gimmicks, but lately has become a media whipping boy for its steady stream of snafus and missteps. Read Full Post…
In a move that is likely to alleviate its strained relationship with Beijing and give new impetus to big data in one of China’s poorer regions, Qualcomm (Nasdaq: QCOM) has signed a strategic cooperation agreement with the provincial government of Guizhou.
Signed on January 17, the agreement will see Qualcomm establishing a Guizhou-based investment corporation to look for more business opportunities in China’s integrated circuit market, and promote the development of the country’s related industries.
The deal, which also creates a joint venture named Guizhou Huaxintong SemiconductorTechnology, is a major step in Guizhou’s effort to position itself as a leader in the big data field in China. The province has been designated by the central government as a pilot zone for the development of big data, and has a sound regulatory framework and a sophisticated infrastructure that is of growing interest to foreign tech firms. Read Full Post…
Bottom line: China’s anti-trust regulators need to wake up to the growing clout of big nmes like Tencent and Ctrip in emerging industries and move more aggressively to stop them from engaging in anti-competitive behavior.
iKang accuses rival of monopoly behavior
A war of words broke out last week between two of China’s largest private clinic operators, as one accused the other of violating the nation’s anti-monopoly laws with a recent purchase. The case pitting iKang (Nasdaq: KANG) against larger rival Health 100 (Shenzhen: 002044) casts a spotlight on growing concerns about anti-competitive behavior in China’s vibrant private sector, which boasts many companies whose size is already approaching some of the nation’s largest state-run giants.
And yet despite the size of these companies and increasing cases of anti-competitive behavior, China’s anti-monopoly regulators have largely ignored the domestic private sector, focusing instead on big foreign and state-run firms. The validity of iKang’s accusations against Health 100 still need to be proven, since China’s private clinic sector is still very young and may not have the scale to qualify for monopoly consideration. Read Full Post…
