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Samsung is on track for record profits and is widely expected to pass Intel Corp as the world's top chipmaker by sales in 2017 on the back of a memory market boom. — Reuters

Samsung takes aim at TSMC with plans to triple chip foundry market share

24 July 2017

Samsung Electronics plans to triple the market share of its contract chip manufacturing business within the next five years by aggressively adding clients, as it targets new growth drivers for the chips business.

A file photo of Lyft co-founder and CEO Logan Green in Santa Monica, California. Lyft has said it will develop its own autonomous driving technology and open a laboratory in Palo Alto. — Los Angeles Times/TNS

Lyft outlines self-driving car plans after earlier partnerships

24 July 2017

Ride-hailing provider Lyft Inc, emboldened by public stumbles by larger rival Uber Technologies Inc, is taking the leap into developing its own fully autonomous vehicles.

AlphaBay was widely considered the biggest online black market for drugs. — Reuters

Thailand seizes US$21mil in assets from dead founder of dark net marketplace AlphaBay

24 July 2017

Thai police have seized nearly US$21mil (RM89.8mil) worth of assets, from cars to cryptocurrency, belonging to the late founder of dark web marketplace AlphaBay.

Amazon’s Kenmore deal puts appliances on path of inkjet printers

24 July 2017

The new partnership between Amazon.com Inc and Sears Holdings Corp presages more than a convenient way to buy refrigerators and washing machines.

Amazon's announcement to buy premium grocer Whole Foods for US$13.7bil (RM58.6bil) roiled the grocery industry and has sparked some opposition on Capitol Hill. — Reuters

Amazon spent US$3.2mil in second quarter on Washington lobbying effort

24 July 2017

Amazon, facing potential criticism of its plan to buy Whole Foods Markets, continued its multi-million lobbying effort – shelling out US$3.2mil (RM13.7mil) in the second quarter of this year.

Spanish taxi drivers have held three strikes so far this year. — Reuters

Madrid asks anti-trust watchdog to probe Uber's new airport service

24 July 2017

Authorities in Madrid asked Spain's anti-trust watchdog on Saturday to investigate whether Uber's new low-cost airport transfer service constitutes unfair competition.

Grab expects to raise an additional US$500mil (RM2.1bil) bringing the total to US$2.5bil (RM10.71bil) in this round. — Reuters

Grab to raise US$2.5bil from Didi, SoftBank, others

24 July 2017

Grab, Uber Technologies Inc's biggest ride-hailing competitor in Southeast Asia, said it expects to raise US$2.5bil (RM10.71bil) in its latest financing round that will help bolster its leading position in the region and grow its payments platform.

Some 53% of companies in Germany have been victims of industrial espionage, sabotage or data theft in the last two years. — AFP

Half of German companies hit by sabotage, spying in last two years

24 July 2017

More than half the companies in Germany have been hit by spying, sabotage or data theft in the last two years and estimated the attacks caused around €55bil (RM274.8bil) worth of damage a year.

Smart home products are streaming into the marketplace, which makes it very confusing to know what's really useful and what's just really cool – but not so useful. — Dreamstime/TNS

Make smart tech choices for your new smart home

24 July 2017

The smart evolution has begun in our homes. More and more connected items are available to let you control your property from a single device, no matter where you are.

With this kind of phone, users can enjoy all the basic functions of a smartphone: making calls, taking photos, a spot of casual gaming, social networks and using popular apps. — AFP Relaxnews

What to expect from a €60 smartphone

24 July 2017

Phone brand Wiko will soon release a new version of its Sunny entry-level smartphone, the Sunny 2. The new version will sell for €60, the same price as the previous model. So what can we expect from this low-cost smartphone?

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