Smartphone manufacturers can't be happy with the current state of the market in China. Thanks to the trade war with the U.S., the Chinese economy is anemic. Recently, Apple cited weak demand in China for the iPhone as one of the reasons why it lowered its first fiscal quarter revenue guidance. And last week, Apple cut the price of the iPhone 8, iPhone XS and iPhone XR for third party resellers in China. Those prices are now trickling down to consumers in the country.But the co-founder and CEO of Chinese smartphone producer Xiaomi sees better times ahead. In a chat with Bloomberg, Lei Jun says that the launch of 5G in China will produce a revival in demand for handsets in the country. Lei says that once 5G becomes popular, new smartphone sales in China will once again take off. The executive also expects the coming 5G launch to boost demand for Xiaomi's online services, including its streaming music and movies offerings. Besides offering consumers faster data speeds, 5G is expected to … [Read more...] about Xiaomi’s CEO sees 5G launch boosting China’s moribund smartphone market
Boost zte speed
Technical standards for the next generation of wireless services aren’t even finalized, yet the US and China are already locked in a crucial race to be the first country to deploy a so-called 5G network. Or at least that's what both the US government and the wireless industry say. "The United States will not get a second chance to win the global 5G race," Meredith Attwell Baker, president and CEO of the wireless industry group CTIA, warned in April, when the group released a report concluding that the US trails China and South Korea in preparing for 5G (fifth generation) networks. If that doesn’t change, the report warns, the US economy will suffer. The report echoed a leaked National Security Council document that suggested the US government consider building a 5G network. If China dominates the telecommunications network industry, the document said, it "will win politically, economically, and militarily." Democrats are worried too. The Federal Communications Commission's … [Read more...] about Does It Matter If China Beats the US to Build a 5G Network?
(Reuters) — E-commerce titan Alibaba Group Holding has bought a Chinese microchip maker to further its cloud-based “internet of things” (IoT) business, underscoring its commitment to the chip industry, an Alibaba spokeswoman said on Friday. The announcement comes days after the United States banned American firms from selling chips and other components to Chinese telecoms company for seven years, a move that rekindled discussion in China about the need for self-sufficient tech supply chains. Senior Chinese officials held meetings this week with industry bodies, regulators and the country’s powerful chip fund about speeding up already aggressive plans for the sector in the wake of the ZTE ban, two people with direct knowledge of the talks told Reuters. “Alibaba aims to empower different industries through our cloud-based IoT solutions, in which chips play a significant role,” the spokeswoman said in a statement. “The acquisition of Hangzhou … [Read more...] about Alibaba acquires Chinese microchip maker to boost its IoT business
BEIJING (Reuters) - A state-backed Chinese trade body said compliance is now a core risk for Chinese firms and that the government must speed up the implementation of guidelines on corporate oversight following a U.S. ban on sales to ZTE Corp. The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. Picture taken April 19, 2018. REUTERS/Stringer U.S. authorities this week forbade American companies from sales to ZTE for seven years, saying the Chinese telecom company had broken a settlement agreement with repeated false statements - a move that threatens to cut off ZTE’s supply chain. The ZTE case represents a “milestone” and government leaders should urge the company to boost compliance oversight to ease “disastrous” consequences, the China Council for the Promotion of International Trade (CCPIT) said in a policy proposal seen by Reuters. “We can see compliance risk has become a core risk for Chinese firms that join … [Read more...] about China trade body urges tighter corporate compliance after ZTE woes:…
Chinese government in talks to ramp up its already aggressive plans for domestic chip manufacturing. Decision comes a few days after U.S. supply ban against ZTE, which could result in Qualcomm pulling its Snapdragon chips from the company. ZTE also faces the possibility of losing licenses relating to the Android platform. The U.S. supply ban against ZTE means the company faces a lack of key components for its smartphones, such as Qualcomm processors. However, China reportedly intends to fight back by speeding up its domestic chip industry.According to Reuters, citing two people “with direct knowledge of the talks”, senior government officials met with industry bodies, regulators, and the local chip fund to accelerate plans for the field. “In the last few days senior Chinese officials have met to discuss plans to speed up the development of the chip industry,” one of the sources told the outlet. Prominent Chinese chipmakers and upstarts alike stand to benefit … [Read more...] about China tipped to accelerate domestic chip plans after ZTE supply ban