Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Under CEO James Gorman, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations.Financeread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Raymond James upgraded Apple and said its most recent checks show Apple is preparing to bring a 5G iPhone to a wider range of models than previously thought.Marketsread more
Barr and Ross had defied Democrats' subpoenas for information about the Trump administration's efforts to add a citizenship question to the 2020 census.Politicsread more
IBM's year-over-year revenue has now declined for four quarters in a row. Impact from Red Hat is not yet factored into the company's guidance.Technologyread more
Iran's state TV says Revolutionary Guard forces have seized a foreign tanker with 12 crew accused of smuggling oil.World Politicsread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
Qualcomm, the world's no.1 chipmaker, was fined 242 million euros ($272 million) on Thursday for blocking a rival from the market about a decade ago, its second EU antitrust...Technologyread more
Huawei unveiled its latest artificial intelligence (AI) chipset for its mobile devices on Friday, taking aim at the dominance of chipmakers such as Qualcomm and smartphone players like Apple and Samsung that make their own silicon.
It underlines the ambitions of Huawei and other Chinese firms to wean themselves off American technology, particularly chips.
Huawei took the wraps off its Kirin 980 chipset at the IFA consumer electronics show in Berlin, Germany. It's a so-called seven nanometer processor that the company said would be used in its upcoming Mate 20 flagship smartphone, set to be released in October. If that is the case, Huawei could be the first company in the world to release a seven-nanometer chipset.
Previous generation chipsets have been 10 nanometer, which refers to its size. The smaller seven-nanometer size allows for chips to take up less space in devices. But even though the size has reduced, the power has increased.
Huawei claims its new chip can help a device recognize 4,500 images a minute, more than double the capability of its previous Kirin 970.
"Huawei continues to push the envelope on smartphone chipset design. The move towards seven-nanometer process technology is impressive and the focus on AI starting to deliver dividends," Ben Wood, head of research at CCS Insight, told CNBC by phone ahead of the launch.
Huawei is not the only electronics giant that designs its own chip. Samsung has its own chipset called Exynos, while Apple has the A11 Bionic. While Huawei's seven-nanometer processor will be released in October, Apple is widely expected to introduce the A12 in its next generation of iPhones, set to be announced in September. This will also be a seven-nanometer chip, so could beat Huawei to the punch with the "world's first" moniker, depending on when the Mate 20 and iPhones are actually delivered.
Samsung and Qualcomm are also developing seven-nanometer processors, but these may not be in devices until next year.
The world's-biggest smartphone manufacturers have been focusing on making their own silicon because it allows them to have greater control of their final product. It is one factor behind Huawei's recent success in overtaking Apple as the world's second-largest smartphone player by market share.
For Huawei, the big push into AI chips highlights a desire to remove reliance on American technology companies, particularly Qualcomm. Chinese firms have been trying to boost their prowess in key technologies from 5G to semiconductors, a move that has been accelerated by the current U.S.-China trade war.
"As political tensions escalate between the U.S. and China it is little surprise that big technology players such as Huawei are doubling down on home grown technology," Wood said.