Tag Archives: Tech

Intel plans to invest $11 billion in new Israeli chip plant: report

28 Jan 19
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Source https://www.reuters.com/article/us-israel-intel/intel-plans-to-invest-11-billion-in-new-israeli-chip-plant-report-idUSKCN1PM2GT

 

U.S. chipmaker Intel plans to spend 40 billion shekels ($10.89 billion) to build a new manufacturing plant in Israel and has asked the Israeli government for a grant amounting to 10 percent of the amount, a local news website reported on Monday.

Talks on the investment between Intel and Israel’s Ministry of Finance began weeks ago and are still ongoing, the report by the Globes website said, adding that Intel’s global management is yet to make a final decision.

The investment, in the southern Israeli city of Kiryat Gat, could eventually be lower, Globes reported, citing unidentified sources.

Intel declined to comment when contacted by Reuters.

The news follows an earlier commitment by Intel to invest about 18 billion shekels ($5 billion) to upgrade its existing factory in Kiryat Gat between 2018 and 2020.

The new agreement with Israel could include an exemption from the tender obligation with the government, and Intel is already preparing physical infrastructure to build the plant in Kiryat Gat, Globes reported.

Santa Clara, California-based Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed.

Huawei chairman warns of end to global ‘partnerships’

22 Jan 19
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By Joe Miller

Source https://www.bbc.com/news/business-46963971

 

The chairman of Chinese tech giant Huawei has warned his company could withdraw from the US and the UK if it continues to face restrictions.

Huawei has been under scrutiny by Western governments, which fear its products could be used for spying.

Speaking at the World Economic Forum, in Davos, Mr Liang Hua said his firm might transfer technology to countries “where we are welcomed”.

He also stressed that Huawei follows regulations wherever it operates.

Huawei makes smartphones but is also a world leader in telecoms infrastructure, in particular the next generation of mobile phone networks, known as 5G.

But concern about the security of its technology has been growing, particularly in the US, UK, Canada, Australia and Germany.

Security concerns

The company is banned from bidding for government contracts in the US, where intelligence services have raised questions about Huawei founder Ren Zhengfei’s links to China’s ruling Communist Party.

Last month, BT confirmed that Huawei equipment was being removed from a communication system being developed for the UK’s emergency services.

Meanwhile, Germany is considering blocking the firm from its next generation mobile phone network.

Huawei has always maintained that it is a private company, owned by its employees, with no ties to the Chinese government.

The company’s top executives rarely give interviews, but a number of journalists were invited to ask questions of Mr Liang on the sidelines of the World Economic Forum in Davos.

Mr Liang told them that if the company faced further hurdles to doing business in some countries, “we would transfer the technology partnership to countries where we are welcomed and where we can have collaboration with”.

While he would not be drawn on whether Huawei could leave the UK, Mr Liang stressed that it would be up to British consumers to decide if they wanted to use the company’s technology, before adding, that the “UK is the market that advocates openness and also free trade”.

Mr Liang said anyone concerned would be “welcome” to inspect the firm’s laboratories in China.

Even as the the storm surrounding Huawei continues to rage, Mr Liang’s message was simple – the company’s products would speak for themselves.

“We will focus on providing value by offering the high bandwidth ultra low latency and high connectivity [products] to out customers,” he said.

In December, Meng Wanzhou, the daughter of the founder of Huawei, was arrested in Canada and faces extradition to the United States over accusations the company flouted US sanctions against Iran.

Mr Liang called for a “quick conclusion” to the case, so that Ms Meng could regain “her personal freedom”.

He also reiterated the company’s claim that the detention of two Canadian nationals in China, seen by many as retaliation for the arrest of Ms Meng, “has no relation with Huawei”.