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Samsung which currently employs around 100,000 people locally, said it will spend 60 trillion won on production infrastructure and the rest on domestic R&D.

Samsung Electronics to invest $9.6 billion annually in logic chips until 2030

Although Samsung does not disclose the breakdown of its investment in the semiconductor division, analysts say it has annually spent about as much as 10 trillion won in memory chips.
The figure, widely watched by investors and advertisers, beat analysts’ average estimate of 187.2 million daily users, according to IBES data from Refinitiv.

Snap restarts user growth with original shows, Android overhaul

Snap said that the number of daily active Snapchat users rose to 190 million in the first quarter from 186 million in the prior period, but remained below the 191 million it had a year earlier.
The ban has also worried the social media industry in India as it sees legal worries mounting if courts increasingly regulate content on their platforms.

TikTok ban in India causing $500,000 daily loss, risking jobs, says Bytedance

TikTok ban: Bytedance pegged financial losses at $500,000 each day, which it said includes destruction in the value of its investments and loss of commercial revenue. It added the ban would result in its reputation and goodwill taking a hit with both advertisers and investors.
The language deficit complicates Facebook’s battle to rein in harmful content and the damage it can cause, including to the company itself.

Facebook’s flood of languages leaves it struggling to monitor content

Facebook’s 15,000-strong content moderation workforce speaks about 50 tongues, though the company said it hires professional translators when needed. Automated tools for identifying hate speech work in about 30.
Tesla Model X: Described as a crossover sport utility vehicle, it is destined for production before the end of the year. Available with 4-wheel drive, the Model X is electric only and has a range of 210 miles (340km) between charges. It will also feature rear gull-wing doors which will look dramatic but could cause problems in carparks.

Electric vehicle study sees opportunity for utilities

The study, by the Boston Consulting Group, assumes a significant leap in consumer demand for electric vehicles, which continue to account for only a fraction of U.S. vehicle sales.
In this April 16, 2019, file photo, a model holds a Samsung Galaxy Fold smart phone to her face, during a media preview event in London. Samsung is pushing back this week's planned public launch of its highly anticipated folding phone after reports that reviewers' phones were breaking. The company had been planning to release the Galaxy Fold on Friday. Instead, it says it will to run more tests and announce a new launch date in the coming weeks.

Samsung retrieving all Galaxy Fold review units after defective screen reports

Galaxy Fold retrieval comes as the world’s biggest smartphone maker met with embarrassment ahead of the foldable device’s US release on April 26, with a handful of technology journalists reporting breaks, bulges and blinking screens after a day’s use.
Huawei has in recent years been testing technology for intelligent connected cars in Chinese cities such as Shanghai, Shenzhen and Wuxi

Huawei launches ‘world’s first’ 5G communications hardware for autos

Huawei said the module will aid its plans to start commercialising 5G network technology for the automotive sector in the second half of this year.
A man walks by a Huawei logo at a shopping mall in Shanghai, China December 6, 2018. REUTERS/Aly Song - RC12F87513A0

Huawei first-quarter revenue grows 39% to $27 billion amid heightened US pressure

The limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging U.S. allies to ban it from building next-generation 5G mobile networks.
Samsung has hailed the folding design as the future in a field that has seen few surprises since Apple Inc’s iPhone in 2007.

Samsung delays Galaxy Fold media events in China amid reports of defective screen

Samsung said it received “a few” reports of damage to the displays of samples of the $1,980 handset, raising the spectre of the combustible Galaxy Note 7 three years ago which the firm ultimately pulled from shelves at massive cost.
An attendee holds a Samsung Electronics Co. Galaxy Fold mobile device during an unveiling event in New York, U.S., on Monday, April 15, 2019. Samsung announced the phone in February and it goes on sale April 26 at the wallet-stretching price of $1,980.

Samsung Galaxy Fold to launch despite display cracking issue

Samsung Galaxy Fold review units reported malfunctions after only a day or two of use. The foldable phone is still scheduled to go on sale on April 26.

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